Driven Brands CFO resigns after one year on job; Proposed PCAOB rule risks turning auditors into legal watchdogs; Fed holds main rate steady, citing lack of progress against inflation; Modern finance team makeovers: Chief accounting officers
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“We made some very tough decisions, and while we firmly believe these actions are the right thing to do for the business, cuts like this are painful,” CFO Liz Coddington said.
The NOCLAR proposal would impose on auditors greatly expanded responsibilities for identifying — or even preventing — noncompliance with a very wide range of laws, PwC’s Brian Croteau writes.
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