Accounting firms zero in on efficiences
CFO Dive
FEBRUARY 17, 2023
The narrative has changed this year, with the drive for efficiency replacing talent as the top priority for accounting firms
Accounting Firms Related Topics 
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Tax, accounting firms see tech utilization paying off: survey
CFO Dive
DECEMBER 5, 2022
Tax and accounting firms are becoming more comfortable tapping technology as a driver of success as they seek to grow revenue and profit and improve employee effectiveness for 2023
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What to Look For in an Outsourced Accounting Firm
https://trustedcfosolutions.com/feed/
OCTOBER 3, 2022
Many growing businesses have recognized and harnessed the benefits of outsourcing their accounting services. Rather than hiring full or part-time accountants or bookkeepers as permanent staff members, it often makes more sense to simply outsource —from both a monetary and scaling perspective.
Accounting Firm EY Considers Split of Audit, Advisory Businesses
CFO News Room
MAY 27, 2022
Big Four accounting firm Ernst & Young is considering a world-wide split of its audit and advisory businesses amid regulatory scrutiny of potential conflicts of interest in the profession, according to people familiar with the matter.
Report: Accounting Firms Turn Down Greensill Auditing Role
PYMNTS
OCTOBER 29, 2020
A number of large accounting groups have turned down requests to audit Greensill Capital as the SoftBank -backed firm mulls a stock market listing, the Financial Times (FT) reported.
Accounting Firms MYOB, Xero Eye Invoice Finance Solutions
PYMNTS
FEBRUARY 2, 2020
Accounting software providers MYOB and Xero are exploring invoice finance solutions while retaliation ensues in the background regarding products that charge fees to small businesses in exchange for faster access to unpaid accounts.
MYOB Acquires Half Of SMB Accounting Firm Reckon
PYMNTS
NOVEMBER 17, 2017
Reckon , an Australia-based small business (SMB) accounting company, has reportedly sold off key assets to industry peer MYOB. 16), Reckon Chief Executive Clive Rabie described the company’s sale of its accounting practice software unit to MYOB as losing the “jewel in the crown” of the company. The takeover would see MYOB acquiring Reckon’s Accounting Practice Software unit as well as Reckon Elite and Reckon Docs.
U.S. watchdog sanctions three KPMG global firms
CFO Dive
DECEMBER 7, 2022
The PCAOB cracked down against KPMG for several alleged violations in the latest sign of tougher oversight of the accounting firms that audit publicly listed companies
More Tech Means More Money For Small Biz Accountants
PYMNTS
APRIL 9, 2018
Small business accountant” was not among the top 10 phrases searched for by those hirers, Indeed.com found. But that doesn’t mean accountants are no longer in-demand among small business owners. Separate research from software firm Right Networks points to small business accountants’ embracing of this demand for tech-friendly professionals. What it means to be an accountant today is a far cry from what it was before online accounting,” he added.
UK Changes Course On Big Four Accounting Breakup
PYMNTS
APRIL 3, 2019
may be changing course in its efforts to break up the Big Four accountancy firms after the Competition and Markets Authority (CMA) decided against such action late last year. Parliament committee has announced a possible forced breakup of the Big Four – PricewaterhouseCoopers , Deloitte, EY and KYMG – which account for more than 90 percent of U.K. “For the big firms, audits seem too often to be the route to milking the cash cow of consultancy business.”
SEC’s Munter warns of potential decline in accounting ‘professionalism’
CFO Dive
NOVEMBER 3, 2022
Missteps at large accounting firms threaten to undermine investor confidence in financial information, according to Paul Munter, the SEC’s acting chief accountant
NJ Devils, Philly 76ers veteran named Schellman CFO
CFO Dive
SEPTEMBER 30, 2022
Andy Goldstein, who has held the top financial seat for big-name brands such as the New Jersey Devils, will tap his 22 years of industry experience as CFO for the accounting firm
PCAOB strengthens requirements for lead auditors
CFO Dive
JUNE 22, 2022
The new requirements come as many companies have expanded their operations globally, leading to an increase in audits executed by multiple accounting firms
KPMG Assurance pays US regulator's penalty in 2017 case
CFO News
DECEMBER 26, 2022
In an earlier order, the PCAOB announced that it had censured KPMG Assurance and Consulting Services LLP, a registered public accounting firm, and a KPMG partner, along with KPMG India, and imposed civil money penalties of $1,000,000 on KPMG India and $75,000 on the partner
India self-reliant in textiles, food products, iron & steel
CFO News
DECEMBER 26, 2022
In a move to measure India's self-reliance, industry body CII and accountancy firm PwC have developed an 'AatmaNirbhar Index', which is expressed as the ratio of the country's total exports and its imports
Hindenburg saga: Hiring Grant Thornton for independent audit is a market rumour, says Adani Enterprises
CFO News
FEBRUARY 15, 2023
Take Back Your Time With Outsourced Accounting
https://trustedcfosolutions.com/feed/
OCTOBER 20, 2022
Start doing what you love rather than burning the midnight oil by outsourcing your accounting. A small, in-house finance team may start to feel the pressures of a growing business, and if you are still doing your own accounting, you could be losing hours of time —and money.
Idriz Adedoja, Head of Finance Vizlib & Astrato Analytics
Generation CFO
SEPTEMBER 5, 2022
But, following three years with the firm, he decided to pursue an accounting degree at Brighton University. . After qualifying, Idriz joined an accountancy firm in Canary Wharf, which he says was a great place to start and learn finance in practice. . “If
Joules appoints KPMG to help boost profitability
Accountancy Today
JULY 11, 2022
Outdoor fashion and lifestyle retailer Joules has appointed ‘ Big Four ’ accounting firm KPMG to improve its cash position in the face of turbulent economic conditions due to the cost of living crisis. .
Meihua International Medical Technologies appoints new CFO
Future CFO
DECEMBER 20, 2022
Prior to his appointment at Meihua, Lianzhang Zhao was senior partner at Yangzhou Hanrui Accounting Firm from 2013 to 2022. China-headquartered and Nasdaq-listed Meihua International Medical Technologies Co., Ltd recently announced the appointment of Lianzhang Zhao as CFO.
Auditing and accounting talent shortage remain a top issue
Future CFO
FEBRUARY 23, 2023
Auditing and accounting talent shortage continue to make employers toss and turn, according to a global survey of more than 4,100 accountants and 2,300 auditors. 74% of accounting firms plan to adopt new cloud technologies over the next two years.
Weekend Reading For Financial Planners (Oct 15-16)
Nerd's Eye View
OCTOBER 14, 2022
Also in industry news this week: The IRS released a notice this week indicating that RMDs will not be required for inheritors of retirement accounts subject to the SECURE Act’s 10-year rule. Why accounting firms have become hot acquisition targets for RIAs.
China’s Ailing Developers Delay Results as Audits Drag
CFO News Room
MARCH 23, 2022
Others have recently parted company with the accountancy firms that previously audited their books. China’s property sector is in deep trouble—but it will be some time before investors can see the full extent of the damage.
Deloitte’s Chinese Affiliate to Pay $20 Million to Settle Probe Into Outsourced Work
CFO News Room
SEPTEMBER 30, 2022
WASHINGTON—The Chinese affiliate of Big Four accounting firm Deloitte will pay $20 million to settle regulatory claims that it outsourced some audit work to companies whose financial statements it was hired to independently review. The Securities and Exchange Commission announced the settlement on Thursday, saying Deloitte Touche Tohmatsu Certified Public Accountants LLP asked clients to do some work it should have done as part of its review.
UK Moves To Split Audit And Consulting Profits At Big Four
PYMNTS
JULY 6, 2020
The Big Four accounting firms will have to put their United Kingdom auditing and consulting practices in separate business units by 2024, but may keep them within the same parent companies, under regulations announced today by the Financial Reporting Council.
How Accountants' AR Builds A Better Client Experience
PYMNTS
DECEMBER 11, 2020
Manual accounts receivable (AR) processes are a headache for any administrative professional. Today, many accountants continue to rely on outdated processes to create lackluster invoices for their customers.
EY considers global audit spinoff
Future CFO
MAY 26, 2022
EY and other Big Four accounting firms — PwC, Deloitte, and KPMG — have long been slammed for their lack of independence in their auditing of company accounts from which they also generate income with consulting, tax, and advisory services.
Accounting Security: How To Keep Financiallv Data Secure And Safe.
CFO Network
SEPTEMBER 9, 2022
The nightmare for accountants and businesses alike is a growing issue. Why Accounting cyberattacks are on the rise, and what you can do about it. The cloud is a great way to make accounting more accessible, but it also presents new risks that must be considered.
Report: EY Whistleblower Called Out Wirecard For Fraud Years Before It Went Bankrupt
PYMNTS
SEPTEMBER 29, 2020
An EY whistleblower has alleged the global accounting firm was warned as far back as 2016 that senior managers at Wirecard may have committed fraud and one had tried to bribe an auditor, the Financial Times (FT) reported.
Ernst & Young Under Scrutiny Over Wirecard Accounting Practices
PYMNTS
JUNE 26, 2020
Ernst & Young ( EY ), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1
Regent Assay advises SaaS company, BTCSoftware on acquisition by Bright Software Group
Regent Assay
OCTOBER 27, 2022
BTCSoftware is a multi-award-winning tax software solution which helps accountants to streamline and simplify tax and compliance work. They developed feature-rich and cost-effective software products that make life easier and more rewarding for accounting professionals.
Understanding the Job of a Nonprofit Operations Manager
The Charity CFO
OCTOBER 4, 2022
The operations manager will be responsible for spearheading the budgeting process for the organization and ensuring that the accounting department delivers timely and accurate financial statements for the board of directors or other stakeholders. There are more than 1.54
Global Auditing Firms Struggle to Leave Russia
CFO News Room
APRIL 25, 2022
Big consulting firms such as. But the Big Four accounting firms are still there, trying to unwind complicated relationships with their Russian counterparts. . What they are suggesting certainly could be used as an avenue to try to evade sanctions,” said Mr. Steele, a partner at consulting firm Forensic Risk Alliance. He added that the Russian accounting firm “might not have bad intent; they might think they are offering a lawful alternative.”.
Ernst & Young Faces Backlash Over Whistleblower Report On Wirecard
PYMNTS
SEPTEMBER 30, 2020
One day after an Ernst & Young ( EY ) whistleblower’s warning about potential fraud at Wirecard was made public, the global accounting firm is facing backlash, the Financial Times (FT) reported. Berlin lawmakers are considering whether to bar the firm from public contracts.
Fund Accounting for Nonprofits & Charities
The Charity CFO
JANUARY 21, 2022
And the issue of restricted funds presents unique bookkeeping and accounting challenges for a nonprofit that a for-profit company doesn’t face. This accounting system is called fund accounting. Who’s Required to Use Fund Accounting? . What is fund accounting? .
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