Bovell Financial

The engineering team at Uber Technologies has surpassed the finance team in their use of AI. They have reportedly already used 2026 AI budget. Read more here!

https://www.cfodive.com/news/ubers-finance-team-overtaken-engineering-ai-use/821513/

In today's competitive landscape, strategic CFO services are essential for driving business growth and achieving sustainable success. Our expertise empowers organizations to navigate financial complexities and reach new heights.

In a continued effort to attract more young professionals to the industry, PricewaterhouseCoopers is doubling the CPA exam bonus to $10k for entry level hires. Ernst & Young made the same announcement earlier this year. Read more here!

https://www.cfodive.com/news/pwc-doubles-cpa-exam-bonus-10k-next-gen-talent-push-accounting-shortage/821183/

As CFO's face tricky questions regarding tariff refunds the process is surpassing industry observer's initial expectations. The refund portal did not crash or become swamped with documentation requirements as some predicted. The question now is how companies will manage and account for payments. Read more here!

https://www.cfodive.com/news/cfos-face-tricky-tariff-refund-questions-process-gains-steam/821023/

CFOs face tricky tariff refund questions as process gains steam Faster-than-expected results are easing early operational fears while shifting attention to decisions on accounting, tax and financial reporting issues.

In a continued effort to encourage companies to go public and ease regulation the SEC proposed increasing the threshold that determines if companies qualify as "large accelerated filers". Companies with that status require rigorous reporting and internal control audit requirements. Read more here!

https://www.cfodive.com/news/sec-moves-narrow-application-strict-audit-reporting-rules/820767/

A recent Federal survey showed household view of US economy worsening as more than 90% of adults stated inflation as a concern. Over half of households stated that changes in prices compared to last year corroded their financial standing. Do you agree with this outlook? Read more here!

https://www.cfodive.com/news/fed-survey-shows-household-view-economy-worsening-jobs-employment-gdp/820525/

Fed survey shows household view of US economy worsening Before the war with Iran, 8% of adults said their family sometimes or often lacked enough food, the Federal Reserve said, citing survey results.

This week the SEC released a formal proposal that would make quarterly financial reports optional. Public companies would be allowed to file semiannual reports instead. SEC Chairman Paul Atkins this is part of his "Make IPOs Great Again" agenda intended to make the SEC's rules less rigid, with the intent of companies going and staying public. Should SEC reporting be reduced? Read more here!

https://www.cfodive.com/news/sec-unveils-blueprint-ditching-quarterly-reporting/819378/

Microsoft CFO announced that its workforce is expected to shrink more in the next fiscal year. This highlights an industry trend of tighter management headcount amongst increasing AI investment. Thoughts on this trend? Read more here!

https://www.cfodive.com/news/microsoft-cfo-flags-workforce-cuts-ai-spending-surges-layoffs/819027/

Microsoft CFO flags workforce cuts as AI spending surges The software giant is focused on “building high-performing teams that operate with pace and agility,” CFO Amy Hood said.

Goldman Sachs is leaning into private credit while others deal with redemption pressure. This isn’t a downturn —it’s a transfer of opportunity. Bovell Financial (Half Century In Market) Read more here!

https://finance.yahoo.com/markets/stocks/articles/goldman-says-ready-pounce-retail-213449944.html?utm_source

Goldman Says It’s Ready to Pounce as Retail Flees Private Credit (Bloomberg) -- Goldman Sachs Group Inc. says a reliance on stickier, more patient institutional investors, rather than wealthy individuals, helped its $15.7 billion private credit fund narrowly escape the broader exodus plaguing peers this year.Now, it’s looking to capitalize on the retreat of ret...