Financial Reporting
EU suspends progress on trade framework agreement with US in response to Trump's new round of global tariffs
The EU suspended progress on the framework trade agreement with the US due to uncertainty caused by the US Supreme Court ruling and Trump's new 10% global tariffs. The European Parliament postponed the vote, and the EU demanded that the US adhere to the agreement's caps.
Carvana CFO Responds to Short-Seller Allegations: Related-Party Transaction Disclosures Are 'Unequivocal'
Carvana Chief Financial Officer Mark Jenkins responded to short-seller allegations on Wednesday's earnings call, emphasizing that all related-party transactions have been fully disclosed and that the report is '100% inaccurate.' Earlier, Gotham City Research released a report claiming Carvana's reliance on related-party transactions exceeded what was disclosed and questioned significant omissions in its loan securitization disclosures.
Kyndryl discloses 'material weakness' in delayed 10-Q filing
Kyndryl disclosed on Tuesday a material weakness in its internal control over financial reporting, involving disclosure practices and specific cash management practices. The company has filed its delayed 10-Q and developed a remediation plan led by interim CFO Harsh Chugh and interim controller Bhavna Doegar.
IAG appoints British Airways CFO as group finance head
International Airlines Group (IAG) announced on Friday that British Airways' Chief Financial and Transformation Officer, José Antonio Barrionuevo, will take over as Group Chief Financial Officer from June, with current CFO Nicholas Cadbury remaining for six months to ensure a smooth transition.
OneStream plans to go private in a $6.4 billion deal, marking another major merger and acquisition in the CFO software sector
Financial software provider OneStream announced on Tuesday that it has agreed to accept a $6.4 billion acquisition offer from software and data investment firm Hg. After the transaction is completed, OneStream will become a private company, less than two years after its IPO, which was driven by KKR. CEO Tom Shea stated that this partnership will accelerate its AI-first market strategy and the expansion of Finance AI capabilities.
Beyond Meat Appoints New Chief Accounting Officer, Advances Financial Internal Control Remediation
Plant-based meat substitute supplier Beyond Meat announced on Monday (January 12) the appointment of Tony Kalajian as Chief Accounting Officer and principal accounting officer, effective January 12. The appointment follows the dismissal of former Chief Accounting Officer and Controller Yi (Jevy) Luo on December 23 due to material weaknesses in internal controls over financial reporting. The new CAO will take over financial reporting responsibilities, while the company continues to face pressures from declining sales, a stock price below $1, multiple lawsuits, and shareholder investigations.
Match Group CFO Sets 'Higher Bar' for AI Spending in 2026
Match Group Chief Financial Officer Steve Bailey recently revealed that the company is shifting away from its previous lenient attitude of 'almost unlimited budgets' for AI projects. Starting in 2026, all substantial AI expenditures will be required to include a clear business case demonstrating cost savings or efficiency improvements. This move aims to address ongoing concerns from the board and investors regarding returns on AI investments.
Beyond Meat Fires CFO After Disclosing Material Weakness in Internal Controls
Beyond Meat fired its corporate controller and chief accounting officer, Yi (Jevy) Luo, on Thursday, with his last working day being Thursday and employment continuing until December 23. CFO Lubi Kutua is temporarily assuming the chief accounting officer duties without additional compensation. Previously, on November 12, the company disclosed to the SEC that its internal controls were insufficient due to a material weakness in accounting for non-recurring and complex transactions.
Navan CFO Announces Departure After $6.2 Billion IPO
Navan, a corporate travel and expense management platform, released its fiscal third-quarter 2026 earnings on Monday and simultaneously announced that CFO Amy Butte will depart on January 9, 2026. The company's Chief Accounting Officer, Anne Giviskos, will serve as interim CFO until a permanent successor is found. This personnel change comes shortly after Navan completed a $6.2 billion IPO at the end of October.
Judge Approves Motion for Rehearing, Former Starbucks CFO Ruggeri Reinstated as Defendant in 'Triple Shot' Case
Seattle federal judge John Chun on December 12 approved a shareholder motion to reconsider naming former Starbucks CFO Rachel Ruggeri as a defendant in the 'Triple Shot' case, involving control person liability under Section 20(a) of the Securities Exchange Act. A prior ruling on November 19 had dismissed all claims against Ruggeri.