Hertz CFO to Leave Company, Alexandra Brooks Named Interim CFO
Hertz names as interim CFO Alexandra Brooks, currently chief accounting officer, following the departure of CFO Kenny Cheung from the company.
FINANCE BRIEFING: Bank Failure Fundraising Sweeps Congress
The collapse of Silicon Valley Bank has united deeply divided lawmakers toward a singular goal: raising money off the news.
SVB Reignites ‘Third-Rail’ Accounting Debate Over Fair Value
The collapse of Silicon Valley Bank is reigniting one of the most contentious debates in accounting history over banks that stash outsized portions of assets in a financial statement category that critics say hides risk for big losses.
Week in Insights: Practice Makes Progress, Not Perfection
This week, our experts covered topics ranging from HR technology for tax and accounting firms to social media and the IRS. For a look at the latest commentary and analysis, check out our weekly roundup.
China Tells Deloitte That Accounting Firm Regulations to Toughen
China will strengthen regulations on the certified public accountant sector, Deputy Finance Minister Zhu Zhongming told visiting Deloitte Global Chair
US Chamber of Commerce Wants Guidance on Book Minimum Tax Exception
The US Chamber of Commerce wants guidance from Treasury about which businesses are considered “applicable corporations” who will fall within the scope of the 15% corporate alternative minimum tax that’s part of the Inflation Reduction Act.
UK’s Second Top Accounting Watchdog Faces Loss of CEO
Michael Izza, the longtime CEO of the Institute of Chartered Accountants in England and Wales, said Friday that he was retiring, which could leave both of the UK’s main accounting watchdogs without a boss at the same time.