Adam Zaki

Long Island

Reporter at CFO

Reporter for @CFO.com. Opinions are mine.

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Articles

PCAOB survives on semantics, for now: Trial Balance

5 days ago | cfo.com | Lauren Muskett |Adam Zaki

This audio is auto-generated. Please let us know if you have feedback. The Trial Balance is CFO.com’s weekly preview of stories, stats and events to help you prepare. Last week, a Senate parliamentarian blocked a Republican-led effort to eliminate the PCAOB through the budget reconciliation process, ruling that a provision in the “One Big Beautiful Bill Act” to defund the audit regulator and shift its responsibilities to the SEC is a policy change and not a budget matter.
Former Loretto Hospital CFO faces new charges, now a $900M COVID fraud case

1 week ago | cfo.com | Adam Zaki

This audio is auto-generated. Please let us know if you have feedback. In his second federal indictment in two years, federal prosecutors allege Anosh Ahmed, the former CFO and COO of Loretto Hospital, a 122-bed safety-net hospital on Chicago’s West Side, perpetuated a $290 million fraudulent billing scheme by using stolen patient information to submit fake COVID-19 testing claims to the federal government.
CFOs slash profit forecasts by 22% as economy triggers concern

1 week ago | cfo.com | Adam Zaki

This audio is auto-generated. Please let us know if you have feedback. Though data has shown CFOs have been both confident and concerned about the U.S. economic outlook this year, new data from Grant Thornton’s Q2 2025 CFO survey reveals a troubling trend among finance leaders. Amid inflation concerns, tariff uncertainty and weakening consumer demand due to a variety of reasons, profit expectations saw the sharpest decline QoQ in more than three years.
90% of SMB leaders say they’ll be paperless in five years despite poor data concerns

1 week ago | cfo.com | Adam Zaki

This audio is auto-generated. Please let us know if you have feedback. Just like their larger competitors, small and mid-sized businesses are eager to modernize, but turning bold intentions around technology into execution is proving harder than expected.
Eli Lilly CFO’s on-stage comment shows the high stakes of public speaking: Trial Balance

1 week ago | cfo.com | Lauren Muskett |Adam Zaki

This audio is auto-generated. Please let us know if you have feedback. The Trial Balance is CFO.com’s weekly preview of stories, stats and events to help you prepare. At the Goldman Sachs 46th Annual Global Healthcare Conference last week, Eli Lilly's CFO Lucas Montarce said that a condition of the company’s partnerships with telehealth firms is that they don’t compound drugs like tirzepatide, the active ingredient in Lilly’s weight-loss blockbuster drug Zepbound.
New York passes new CPA pathway in ‘unheard of’ fashion

2 weeks ago | cfo.com | Adam Zaki

This audio is auto-generated. Please let us know if you have feedback. In the same fashion as many other states around the U.S., New York lawmakers approved a bill that would create an alternative pathway to CPA licensure. Assembly Bill A7613B and Senate Bill S6891B will allow candidates to qualify with 120 college credits and two years of experience. The legislation, backed by the New York State Society of CPAs, passed both chambers and now heads to Gov. Kathy Hochul for her signature.
Metallicus CFO Irina Berkon on why compliance is crypto’s next frontier

2 weeks ago | cfo.com | Adam Zaki

Irina Berkon, CFO of Metallicus, took the stage at Consensus 2025 in Toronto last month to deliver a message many financial executives have grown wary of: crypto and blockchain still matter. While AI dominates headlines and CFO inboxes alike, Berkon argued real progress is finally happening in crypto infrastructure and finance leaders should take note.
Are defined benefit plans back? Half of CFOs are now using them

2 weeks ago | cfo.com | Adam Zaki

This audio is auto-generated. Please let us know if you have feedback. After years of closing, freezing or offloading defined benefit pension plans, a growing number of finance leaders are rethinking their strategy, according to Mercer’s 2025 CFO survey. Data shows half of plan sponsors now say they intend to keep their DB plans for the long term, a sharp reversal from just two years ago, when just 36% of finance leaders said DB plans were sticking around.
What CFOs should take away from the Ohio v. Ames decision

2 weeks ago | cfo.com | Adam Zaki

This audio is auto-generated. Please let us know if you have feedback. In a landmark decision on June 5, the U.S. Supreme Court in Ames v. Ohio Department of Youth Services struck down the Sixth Circuit’s “background circumstances” rule, leveling the playing field for Title VII discrimination claims by now allowing all employees — regardless of their majority or minority status — to face the same evidentiary standard.
How PwC’s tax team is using agentic AI

3 weeks ago | cfo.com | Adam Zaki

This audio is auto-generated. Please let us know if you have feedback. With teams of AI agents already deployed across PwC’s tax function, the firm’s US AI tax leader Dom Megna and his team are moving beyond pilots and into production and execution by using agents to automate everything from K-1 data mapping to tax diagnostics.