News

Proformative delivers a robust stream of Corporate Finance, Treasury and Accounting information. Proformative keeps you in touch with all things of interest to the office of the CFO. Don’t forget to look at our Topics pages, which are organized by Corporate Finance, Accounting, Treasury and more. For instance, you’ll find accounting questions in our Questions section and also grouped together with blogs and other resources under “Accounting” in Topics. We also offer a long list of free recorded webinars, including but not limited to free accounting webinars.
Is Hotmail Changing to Outlook

Is Hotmail Changing to Outlook?

08/09/13 - Is Hotmail Changing to Outlook? Email is one of the main forms of communication in the business world. In the finance community, this can be particularly true, as workers have to communicate with industry leaders in different time zones, so...
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CFO Minute: Top News Week Ending April 19

CFO Minute: Top News Week Ending April 19

04/19/13 - Investigators Search for Remaining Boston Marathon Bombing Suspect On Monday, two explosions occurred near Copley Square during the Boston Marathon that injured more than 180 people and killed three people.The event is deemed by Reuters the worst...
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Lawmakers and advocacy groups are demanding tax reform.

Corporate Tax Breaks Cost Government $181 Billion

04/18/13 - Between 1986 and 2011, corporate tax breaks resulted in government revenue losses worth $181 billion, according to a new report released by the Government Accountability Office (GAO). New Report Sheds Light on Cost of Corporate Tax Breaks The...
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CFO Transition: Job Changes, Week Ending April 12

CFO Transitions: Job Changes, Week Ending April 12

04/16/13 - Burger King On April 11, the fast-food chain announced CFO Daniel Schwartz will take over as COO of the company. Schwartz joined Burger King's C suite in 2010 and was extremely active in Burger King's expansion abroad...
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CFO Minute: Top News Week Ending April 12

CFO Minute: Top News Week Ending April 12

04/15/13 - Obama Releases Fiscal 2014 Budget On Wednesday, President Barack Obama announced his fiscal 2014 budget, which placed the American middle class at the center of economic improvement. His speech focused on revving the country's industrial...
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KPMG resigns as audit partner for Skechers and Herbalife.

Potential Insider Trading Leads KPMG to Back Out of Skechers and Herbalife

04/11/13 - Amid federal investigations into KPMG, Skechers and Herbalife announced on Tuesday in separate press releases the firm stepped down as their third-party primary auditor. Scott London, former KPMG partner and lead audit engagement frontman for both...
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CFO Transitions: Job Changes, Week Ending April 5

CFO Transitions: Job Changes, Week Ending April 5

04/09/13 - Cargill On April 1, Cargill, an international producer and marketer, announced Marcel Smits will take over as CFO on April 15. Smits, who is originally from the Netherlands, worked for Unilever in Europe, Latin America and Asia and served in...
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CFO Minute: Top News, Week Ending April 5

CFO Minute: Top News, Week Ending April 5

04/08/13 - US Unemployment Drops Again The unemployment rate has been holding steadily above 7 percent, but positive news from the Labor Department just revealed the number is continuing to drop, albeit slowly. Unemployment in the United States dipped...
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The IRS examined more return claims from high earners.

IRS Investigated More High-Income Tax Refund Claims in Fiscal 2012

04/04/13 - As tax payers simultaneously demand a more simplified tax code and grow more fed up with the indecision in Washington concerning the matter, the Internal Revenue Service introduced a document suggesting it beefed up investigations of high-income...
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CFO Transitions: Job Changes Week Ending March 29

CFO Transitions: Job Changes, Week Ending March 29

04/02/13 - Flash Global Logistics On March 25, supply chain solutions provider Flash Global Logistics stated Gregory Castello will assume the role of CFO.  Before joining Flash, Castello served as vice president of finance at ITG...
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The Supreme Court heard oral arguments against laws prohibiting gay marriage.

CFO Minute: Top News Stories, Week Ending March 29

03/31/13 - Supreme Court Addresses Gay Marriage This week was a big one for equal rights advocates. The Supreme Court heard oral arguments against both California's Proposition 8, which eliminated same-sex marriage, and the Defense of Marriage Act (DOMA...
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Food stamp use surged since 2008.

Is the US Population Getting Poorer?

03/29/13 - Even though the economy has shown modest signs of improvement this year, recent factors suggest U.S. residents may not be benefiting from the success the country's markets and businesses have experienced. The payroll tax cut expiration has...
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The IRS released 2013's Dirty Dozen tax scams.

IRS Reveals This Year's Dirty Dozen Tax Scams

03/28/13 - As CPAs and other tax preparers roll up their sleeves for tax season, the Internal Revenue Service wants to warn the public of potential danger - and maybe scare perpetrators - with 2013's list of 12 major tax scams. Every year, the IRS...
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CFO Transitions: Job Changes Week Ending March 22

CFO Transitions: Job Changes, Week Ending March 22

03/26/13 - New York Life John Fleurant was named executive vice president and CFO of insurance provider New York Life on March 18. Fleurant will take over the positions on July 1, when current executive vice president and CFO Michael Sproule will retire...
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CFO Minute: Top News, Week Ending March 22

CFO Minute: Top News, Week Ending March 22

03/25/13 - Congress Avoids Shutdown in Time for Spring Break A stopgap measure to keep the government funded through September passed through Congress on Thursday in a 318-109 House vote. The approval occurred just days before lawmakers head out on a...
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