Generative AI continued to dominate the headlines in 2024, but the new technology was far from the only development that kept CFOs occupied. Throughout the year, finance professionals including CFOs and controllers have seen their roles and responsibilities continue to shift, with the finance function taking on more of a strategic role inside of their businesses.
As they grapple with new responsibilities, however, finance chiefs have continued to see a shortage of accounting talent, contributing to a growing call for an easing of the requirements needed for a CPA license. Regulators have also been busy in the accounting space this year, tweaking standards at a time when scandals in the space have impacted large-scale companies such as grain trading giant Archer Daniels Midland.
Also in the accounting space, the New York civil fraud case against President-elect Donald Trump, which left the incoming president facing a $346 million judgment, raised fresh questions about accounting standards. The debate is likely to continue into 2025 as the Financial Accounting Standards board’s next step on the matter is being closely watched.
The CFO Dive team has compiled eight of our top news stories from the past year. We expect the events and trends highlighted in these stories will continue to affect how CFOs and C-suite executives will think about and navigate their businesses in 2025.
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