Detroit nonprofit sues ex-CFO over alleged $40M embezzlement
CFO Dive
JULY 25, 2024
The former finance chief breached his fiduciary duty and caused “enormous financial devastation,” according to the complaint.
CFO Dive
JULY 25, 2024
The former finance chief breached his fiduciary duty and caused “enormous financial devastation,” according to the complaint.
Global Finance
JULY 25, 2024
Oman is on course to become the first Gulf Cooperation Council (GCC) state to introduce a personal income tax as the sultanate ramps up efforts to boost revenue and diversify its economy away from hydrocarbons. The draft law, approved by Oman’s Parliament in July, has been sent to the State Council for final approval, a decision analysts say is highly anticipated.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
CFO Dive
JULY 25, 2024
CFOs should be ready for potentially tougher enforcement actions connected to pricing practices in the future, says Michael Keeley, an attorney with law firm Axinn.
Global Finance
JULY 25, 2024
The Philippines is looking to Japan to partially finance its ballooning debt as Manila moves to strengthen ties between the two countries. The Department of Finance (DoF) says it is exploring issuing yen-denominated, or samurai bonds alongside or in place of conventional US-dollar bond issuance. Government debt has mushroomed in recent years, hitting 15.3 trillion pesos—around $264 billion in May—according to Bureau of the Treasury estimates.
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
CFO Dive
JULY 25, 2024
Longtime company alum Jaime Martinez will step in as interim CFO as Flex looks to execute on a restructuring plan aimed at improving its operational efficiency.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
Nerd's Eye View
JULY 25, 2024
About a decade or so ago, one of the most pressing issues facing the financial advice industry was the threat of an imminent deluge of advisor retirements coupled with a paucity of succession plans to transition clients to the next generation. While that scenario has yet to materialize as initially feared, the fact remains that transitions do occur on a regular basis, often as older advisors either sell their practices in one fell swoop or gradually offload part of their book while still staying
CFO News
JULY 25, 2024
The Budget's CGST amendments aim to simplify compliance, enhance transparency, and foster a business-friendly environment, marking a significant refinement in India's GST framework, say tax experts.
Lime Light
JULY 25, 2024
As a CFO, VP of Finance, or Controller at a mid-sized company, you're no stranger to the challenges of financial planning and analysis (FP&A). You likely rely on spreadsheets to manage budgets, forecasts, and reporting. After all, they're readily available, familiar, and seemingly cost-effective.
Future CFO
JULY 25, 2024
Cross-border instant payment market is expected to jump by 223% globally by 2028, resulting in a 29% share of all global instant payment transactions by 2028, according to a new study from Juniper Research. The change will be driven by the reduction in transaction friction, according to a press release, defining instant payments, or real-time payments, as any payment where funds can be received within 10 seconds.
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
CFO Plans
JULY 25, 2024
“`html SaaS Accounting Software for Manufacturing Businesses Maximizing Efficiency with SaaS Accounting Software for Manufacturing In today’s dynamic business landscape, manufacturing companies face a multitude of challenges in managing their financial operations efficiently. From navigating complex supply chains to adhering to evolving regulations, the demand for robust accounting solutions has never been higher.
Global Finance
JULY 25, 2024
FAB managing directors Gautam Dutta, head of GTB Cash Management Product Innovation, and Tariq Hoodbhoy, head of Treasury Advisory Services, explain how technology helps create an exceptional user experience. Global Finance: How are you improving the user experience utilizing application programming interfaces [APIs] and microservices architecture?
CFO Thought Leader
JULY 25, 2024
Inside The Mentoring Round, CFO Steve Vintz of Tenable shares key career insights, emphasizing his passion for growth companies and entrepreneurship. Early on, he realized the appeal of smaller, venture-backed companies over large corporations, leading him to a career focused on growth-oriented businesses. Vintz discusses a critical acquisition decision where he advocated against proceeding with a deal, highlighting the importance of discipline and listening to one’s intuition.
Global Finance
JULY 25, 2024
FAB managing directors Gautam Dutta, head of GTB Cash Management Product Innovation, and Tariq Hoodbhoy, head of Treasury Advisory Services, explain how technology helps create an exceptional user experience. Global Finance: How are you improving the user experience utilizing application programming interfaces [APIs] and microservices architecture?
Advertisement
Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
CFO News
JULY 25, 2024
India's GST structure is set to move towards three tax rate slabs, according to CBIC chairman Sanjay Kumar Agarwal. The GST Council will finalize the plan in its next meeting. Customs duty overhaul is also planned, aiming for simplification and fewer disputes. The online gaming sector’s GST contribution is growing.
Global Finance
JULY 25, 2024
Mark Monaco, head of Global Payments Solutions at Bank of America (BofA), explains the importance of payments, instant data and communication for effective treasury. Global Finance: Why bring Global Transaction Banking and Enterprise Payments together under the new name Global Payments Solutions? Mark Monaco: In July of last year, the bank combined GTB and EP, bringing all the payments activity within the bank under one roof.
CFO News
JULY 25, 2024
The penalty confirmation was received on July 24, 2024. Escorts Kubota has expressed its intention to appeal against the order, citing the penalty as a result of an unintentional clerical mistake. The financial impact of this penalty is significant.
Global Finance
JULY 25, 2024
Mark Monaco, head of Global Payments Solutions at Bank of America (BofA), explains the importance of payments, instant data and communication for effective treasury. Global Finance: Why bring Global Transaction Banking and Enterprise Payments together under the new name Global Payments Solutions? Mark Monaco: In July of last year, the bank combined GTB and EP, bringing all the payments activity within the bank under one roof.
Advertisement
Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.
CFO News
JULY 25, 2024
LCR is a liquidity requirement for banks to maintain at all times a certain proportion of high-quality liquid assets (HQLA), including cash, reserves with central banks, and federal government bonds, which can easily be converted into cash.
Global Finance
JULY 25, 2024
BYD, the Chinese manufacturer of batteries and electric vehicles, is rapidly becoming the dominant force in the global EV space, despite the US and Europe railing against its disruptive effect on their domestic markets. In the last month, the buccaneering firm has made major plant announcements in Thailand and Turkey as it doubles down on competing with its US and European Union rivals.
CFO News
JULY 25, 2024
The GIFT-IFSCA is akin to the Hercules pillars serving as the gateway for India linking her to the global economy and the new hotspot for foreign investment. In furtherance of its efforts towards the challenging task of mobilizing climate finance (currently estimated to be USD 10 trillion) for achieving its net-zero goal by 2070, India seeks to establish Gift City as the global climate finance hub.
CFO News
JULY 25, 2024
Finance Minister Nirmala Sitharaman in an interview with ET has emphasized that banks must refocus on their primary roles of mobilizing deposits and providing loans, especially amid concerns about slowing deposit growth. Sitharaman reiterated the need for banks to prioritize their core functions—mobilizing deposits and lending—while still being free to pursue other activities.
Advertisement
Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Let's personalize your content