Good morning. Earlier this week, I wrote about how Sushovan Hussain, the former CFO of Autonomy, a software company founded by the late British tech entrepreneur Mike Lynch, cooked the books and land in prison for five years and how, in July, he was banned from accounting until 2038. About a year after HP acquired
The global economic landscape is increasingly complex and unpredictable. One thing remains certain, however: Having a savvy, steady chief financial officer helming the finance function can do wonders for business success. Understanding how a CFO’s responsibilities have expanded and what qualities are now essential in a CFO is crucial for enterprises looking to grow and
Apple Chief Financial Officer Luca Maestri is set to step down at the start of next year. Maestri will exit the CFO office starting Jan. 1 but continue to lead Apple’s corporate services teams, according to a Monday (Aug. 26) press release. Kevan Parekh, Apple’s vice president of financial planning and analysis, will take his
By Gloria Mathias Today Bharatpe BharatPe One CEO BharatPe has forayed into the facilitation of secured loans for merchant partners on its platform. BharatPe has partnered with OTO Capital, a digital commerce and lending platform, to enable two-wheeler loans. Additionally, the company has partnered with Volt Money to facilitate loans against Mutual Funds to its
Gartner predicts that AI software spending will surge to $298bn (£230bn) by 2027, up from $124bn (£96bn) in 2022. As investment in the technology balloons, finance leaders are under pressure to figure out if it will deliver on its promises of growth and productivity. Most businesses assume that AI can boost their bottom lines, but
Private equity has an unsettling reputation. Some critics say these firms are vampires – bleeding healthy companies dry and walking away enriched. But, for many businesses, a well-negotiated capital injection from a private equity investor can restore financial security and accelerate growth. With publicly listed companies hampered by tough trading conditions, the move to private
Good morning. As economic uncertainty continues, the pace of CFO turnover has increased in the first half of 2024, according to research. Some finance chiefs are looking to retire, and others are moving on to new positions. Taking a look at H1, from Jan. 1 to June 30, CFO turnover reached 8.9% globally, outpacing levels
Robyn Kooyman named CFO of Blackline Safety (Photo: Business Wire) CALGARY, Canada, August 08, 2024–(BUSINESS WIRE)–Blackline Safety Corp. (TSX: BLN), a global leader in connected safety technology, is pleased to announce the appointment of Robin Kooyman, CFA, MBA, as the company’s new Chief Financial Officer (CFO) effective September 9, 2024. Robin brings 15 years of
Davies picks group finance chief | Insurance Business America Insurance News Davies picks group finance chief Predecessor departing after 12 years Insurance News By Terry Gangcuangco Professional services and technology solutions provider Davies has announced the appointment of Amber Wilkinson (pictured) as group chief financial officer joining later this year. As part of her CFO
The first official accounting records are tax information etched onto clay tablets from around 3,300 BC. These artefacts were discovered by archaeologists in Egypt and were understood to have been used by Egyptians to monitor their pharaoh’s possessions and uncover fraud. The accounting system remains largely unchanged today. Fundamentally, it is still an independent record of