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SEC charges Kubient CEO, CFO with accounting fraud, misleading investors

CFO Dive

Kubient’s ex-CEO, ex-CFO and former head of audit each lied to the business’ independent auditor and reported $1.3 million in false revenue, the SEC alleges.

CFO 295
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Deploying AI in accounting poses 12 audit risks: CAQ study

CFO Dive

CFOs see the value of generative artificial intelligence but may not fully grasp its audit risks, according to the Center for Audit Quality.

Auditing 325
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Accountant shortages likely to yield more audit failures

CFO Dive

The shortage of workers with the core accounting skills needed to staff audits is making audit failures more likely, Hofstra University’s Jack Castonguay says.

Auditing 274
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Deloitte brings GenAI to internal audit, accounting professionals with new bot

CFO Dive

GenAI isn’t likely to replace accountants any time soon — but firms like Deloitte are already integrating it into their accounting and audit practices.

Auditing 301
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Internal audit leaders need to hire more tech-savvy accountants: IIA

CFO Dive

Companies hiring for internal audit need to prepare for disruption from new technology such as artificial intelligence and robotic process automation, IIA said.

Auditing 294
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ADM shares plunge as CFO takes forced leave amid accounting probe

CFO Dive

Archer Daniels Midland named Ismael Roig interim finance chief as the board's audit committee and outside counsel conduct an investigation into accounting practices.

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Chemours CFO resigns following accounting investigation

CFO Dive

Jonathan Lock’s resignation comes after an internal audit determined he had engaged in unethical financial practices.