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3 days ago | 
the-cfo.io | Marina Mouka
Facing renewed uncertainty in the global trade environment, US multinational corporations are lengthening the duration of their foreign exchange hedges to guard against currency volatility linked to the Trump administration’s recent tariff measures.
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3 days ago | 
accountancyage.com | Marina Mouka
With growing pressure on accountancy firms to modernise their operations and align with sustainability objectives, the shift to paperless audit systems is proving to be more than a digital upgrade. It’s fast becoming a strategic and reputational imperative.
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6 days ago | 
the-cfo.io | Marina Mouka
Lockheed Martin has appointed company veteran Evan Scott as its new chief financial officer, following the departure of Jesus “Jay” Malave after just over three years in the role. The announcement, made Thursday, is effective immediately. Lockheed said the leadership change is not related to any accounting issues or disagreements regarding company policies. Scott, 48, has spent more than 25 years with the US defense contractor.
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6 days ago | 
accountancyage.com | Marina Mouka
UK accountancy firms and their clients face a tightening of corporate liability rules from 1 September 2025, when the new offence of Failure to Prevent Fraud comes into force under the Economic Crime and Corporate Transparency Act (ECCTA).
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1 week ago | 
the-cfo.io | Marina Mouka
Nvidia, a dominant force in the artificial intelligence chip market, has disclosed a projected $5.5 billion financial impact following new US export restrictions that require licensing for its high-performance AI chips sold to China. The announcement sent shares down nearly 7% on Wednesday, contributing to a 3.1% drop on the Nasdaq.
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1 week ago | 
the-cfo.io | Marina Mouka
On September 1, 2025, the UK’s new corporate criminal offense—Failure to Prevent Fraud—will take effect, ushering in a stricter regulatory framework for corporate accountability. Introduced as part of the Economic Crime and Corporate Transparency Act (ECCTA), the law is expected to place significant pressure on businesses to formalize and strengthen their fraud prevention procedures.
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1 week ago | 
accountancyage.com | Marina Mouka
A new Airwallex report–Reimbursement Frustrations–has highlighted the growing disconnect between employee expense expectations and reality in the UK, with outdated reimbursement processes now creating measurable financial strain for many workers—and increasing risk for employers. The findings, based on a 2025 survey of 2,000 UK employees, reveal that 43% of workers have encountered financial difficulty while waiting for expenses to be reimbursed.
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1 week ago | 
accountancyage.com | Marina Mouka
The Financial Reporting Council (FRC) has launched an investigation into EY’s audits of the Post Office, focusing on the period from March 2015 to March 2018—a time when the organisation was embroiled in the Horizon software controversy that has since become the most significant miscarriage of justice in British legal history. The inquiry will assess whether EY, one of the UK’s Big Four accountancy firms, met the auditing standards applicable during that time.
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1 week ago | 
the-cfo.io | Marina Mouka
A growing number of finance leaders are betting that generative AI could reshape procurement—if only the rules were clearer. According to new data from PYMNTS Intelligence’s March 2025 CAIO Report, 73% of enterprises are actively exploring how generative AI (GenAI) can drive procurement efficiency.
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1 week ago | 
the-cfo.io | Marina Mouka
Bank of America’s Chief Financial Officer Alastair Borthwick has pushed back against growing fears of an imminent U.S. recession, telling reporters this week that the banking giant sees no immediate signs of an economic downturn—despite recent market turmoil and intensifying trade tensions. “Client concerns over trade policy and recent market turmoil have grown,” Borthwick acknowledged during a press call on April 15.
