SEC approves new PCAOB audit confirmation standards targeting fraud
CFO Dive
DECEMBER 7, 2023
Since early 2021 SEC Chair Gary Gensler has called on the PCAOB to more aggressively oversee the accounting firms that audit publicly listed companies.
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CFO Dive
DECEMBER 7, 2023
Since early 2021 SEC Chair Gary Gensler has called on the PCAOB to more aggressively oversee the accounting firms that audit publicly listed companies.
Beacon CFO Plus
NOVEMBER 30, 2023
How to Divide Responsibilities and Prioritize Communication The relationship between a fractional or outsourced Chief Financial Officer (CFO) and your company’s public accounting firm should be collaborative, clear, and well-defined. This ensures your company’s financial and accounting needs are met effectively.
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Future CFO
MAY 26, 2022
EY is considering a global audit spinoff amid growing regulatory pressure, according to media reports. 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.
Future CFO
JANUARY 22, 2024
Two audit firm solutions of Wolters Kluwer have been pre-approved by the Infocomm Media Development Authority (IMDA), a statutory board of the Singapore government, said Wolters Kluwer Tax & Accounting (TAA) Asia Pacific (APAC) recently.
CFO Dive
APRIL 12, 2023
Back in September, the Big Four accounting firm announced plans to split its auditing and consulting arms into two entities. Now, ‘Project Everest’ has been halted.
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.
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. When it comes to talent retention, more than 85% of accountants and 90% of auditors said it is either somewhat or extremely difficult.
CFO News
FEBRUARY 15, 2023
The exchanges had sought a clarification from the company after Business Standard reported that the embattled Adani group had appointed accountancy firm Grant Thornton for an independent audit of some of its companies in a bid to come clean of the damning allegations levelled by the US short-seller Hindenburg Research and to assure investors and regulators. (..)
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.
Focus CFO
APRIL 7, 2023
We are pleased to announce that Jim Murdy has joined the FocusCFO, bringing his skills to small and medium-sized businesses in Southeast Ohio by providing Fractional CFO services. He reated and managed the first internal audit department at a community hospital located in Wheeling, WV.
The Charity CFO
APRIL 2, 2024
It’s important to do your due diligence when looking for an accounting partner. Nonprofit accounting has several major differences from for-profit accounting. An accounting firm that specializes in nonprofit accounting knows the legal and tax limitations of a nonprofit organization. Contact us today !
BlueLight
JULY 30, 2020
The financial implication of these decision is critical and the CFO is the executive helping the CEO navigate these decisions. Historically, the CFO role was focused on backward looking information: ensuring on-time and accurate financial reporting. The CFO suite doesn’t want to be the “department of No.” It evolves with stage.
CFO Talks
AUGUST 23, 2023
Nonkululeko Gobodo’s advice for shattering glass ceilings Written by: Leigh Schaller Nonkululeko Gobodo, one of the founders of what would become South Africa’s largest black-owned accounting firms as well as the first black female CA(SA) spoke to Chwayita Deliwe, co-owner of CN Outsourced Finance on the CFOClub Podcast.
CFO News
JULY 16, 2023
The size of the contract will require the Big Four accounting firm to call in staff from other countries to work on the audit, two people told the FT. PricewaterhouseCoopers (PwC), which has been Credit Suisse's auditor since 2020, will audit the acquired bank's accounts for 2023, according to the newspaper.
CFO News
SEPTEMBER 25, 2023
Kishore Biyani, founder of the Future Group, has challenged the forensic audit process and report submitted by accounting firm BDO India LLP and its lender, Bank of India, at the Bombay High Court. This development comes after Bank of India asked Future Retail and its promoters to respond to a forensic audit report.
CFO Talks
AUGUST 10, 2022
Welcome to this SAIBA CFO podcast, SAIBA is the South African Institute of Business Accountants, it has more than 12 000 members in the country and specialises in a wide range of disciplines such as accountancy and tax, training and development, career enhancement, legislation and financial reporting.
The Charity CFO
APRIL 18, 2024
For instance, working with a nonprofit accountant, like The Charity CFO, can help you reduce your risk of financial non-compliance. Consider these three tips to help you start leveraging data without compromising user data: Use cloud-based accounting and customer data software like QuickBooks Online. Get the free guide!
Future CFO
SEPTEMBER 7, 2022
According to to “Sustainability – Jobs and Skills for the Accountancy Profession”, a joint study by ISCA, EY, Singapore Management University (SMU) and Singapore Accountancy Commission (SAC), the chief finance & sustainability officer (CFSO) is an emerging C-suite position.
The Charity CFO
APRIL 19, 2022
When most nonprofits think about ‘accounting issues,’ they’re concerned about poorly prepared financial reports, bookkeeping errors, gaps in communication with funders, bad audits and a million more things in this vein. Has the Department of Labor audited your organization for misclassifying contractors as employees?
Future CFO
NOVEMBER 27, 2022
Sanjay Patil , executive partner for finance and supply chain transformation at IBM Consulting , ASEAN, says the CFO role is evolving and is now aligned with the priorities of the CEO for the organisation including improved efficiencies and customer experience. Why is artificial intelligence important to the CFO and the finance team?
The Charity CFO
OCTOBER 4, 2022
That doesn’t mean that the operations manager needs to be an accountant. Generally, they’ll oversee the accounting team or work as a liaison with an outsourced accounting firm. But ultimately, they are responsible for ensuring that the accounting work is done correctly and on time. Get the free guide!
CFO News Room
DECEMBER 16, 2022
As a financial executive, the chief financial officer (CFO) is responsible for the financial health of an organization. The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management. The CFO primarily controls financial affairs.
CFO News Room
NOVEMBER 14, 2022
accounting regulators to inspect China-based audits is raising questions about the role of unregistered auditors in the Chinese gambling enclave of Macau, where several U.S.-listed audit watchdog. audit watchdog. WSJ | CFO Journal. A recent agreement between Washington and China allowing U.S. Associates Inc.,
The Charity CFO
AUGUST 15, 2023
Myth #3: Nonprofit Accounting (GAAP) and the IRS Rules are the Same Another common misconception is that GAAP and IRS rules are the same when it comes to nonprofits, however, they are not. One key differentiator is that what is recorded following GAAP is what will show up on the audit and may not show up on the IRS tax form, Federal Form 990.
CFO Talks
JULY 5, 2022
Speakers : International and national standard setters, accounting organizations, accounting firms, regulators, and commerce groups. Key themes of the Congress include: The role of the accounting profession in enabling sustainability. Global trends in accounting, auditing, corporate governance and taxation.
PYMNTS
SEPTEMBER 24, 2018
A research firm has discovered that the number of material accounting mistakes made by U.S. Massachusetts-based Audit Analytics looked at disclosures from more than 9,000 U.S.-listed listed companies since 2005, finding firms that had to reissue their financials due to errors. public companies has gone up this year.
The Charity CFO
JANUARY 21, 2022
Both Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) 116/117 require at least a minimum level of fund reporting, so you’ll need it in order to pass an audit. But once you start getting larger donations or grants, fund accounting quickly becomes a necessity. .
Future CFO
AUGUST 18, 2022
When it comes to ESG assurance, 82% of engagements were limited in scope in 2020, essentially the same as in 2019 (83%), according to a joint study by IFAC, American Institute of CPAs (AICPA) and Chartered Institute of Management Accountants (CIMA) that reviewed data from 1,400 global companies from the G20 nations plus Hong Kong and Singapore. .
Future CFO
MARCH 1, 2023
Additional key findings Use of Sustainability Accounting Standards Board (SASB) standards and the Task Force on Climate-Related Financial Disclosures (TCFD) framework have increased significantly between 2019 and 2021: there was a 29% increase for SASB standards usage and 30% for the TCFD framework.
https://trustedcfosolutions.com/feed/
SEPTEMBER 20, 2021
As the CFO or Venture Capitalist of a Private Equity Fund, you may already have an ERP system in place. Sage Intacct Is An Excellent Wrapping — Trusted CFO Solutions is the Right Partner. There are multiple accounting firms like Trusted CFO Solutions that work with Sage Intacct. About The Author.
CFO Talks
FEBRUARY 20, 2024
Farhaan Moolla: Innovative Leadership: The Journey of a modern and dynamic CFO Written by: Staff writer In this podcast Farhaan Moolla, a seasoned CFO with a notable career in financial leadership and strategic planning, shared his journey, beginning with his entrepreneurial family background. Farhaan : Mornin g, Nicola a s !
PYMNTS
JULY 5, 2017
For a chief financial officer (CFO), having technology — from ERP systems to cloud accounting and cash forecasting tools — has become paramount when deploying a successful growth strategy. The nature of financial reporting is to communicate facts aggregated using accounting rules. These facts can be audited back to the source.
CFO Share
MAY 25, 2021
Proper payroll accounting system includes: . Routine payroll audits. Tax enforcement is on the rise, increasing the risk of an audit finding. Credit card and expense fraud prevention is managed through accounting checks and balances: spending limits, routine audits, and purchasing controls. Property Theft.
The CFO College
MAY 12, 2021
You may have even been trying to run a remote bookkeeping or accounting firm for some time now, without pulling the income you know you deserve, and can’t figure out what’s going wrong. For more info on that tool and many others included in CFO Bookkeeper, reach out to us today.
The Charity CFO
APRIL 28, 2023
Is there an advantage to working with accounting firms specializing in nonprofits? However, running a nonprofit comes with unique challenges that require specialized expertise, particularly in financial management and accounting. Accounting firms specializing in nonprofits can help you comply with these regulations.
The Charity CFO
APRIL 25, 2024
About The Charity CFO The Charity CFO is an accounting firm specializing in serving nonprofits through outsourced accounting and fractional CFO services. We know what a nonprofit goes through each day, and we utilize technology to simplify our clients’ accounting processes. Where is the money?
Future CFO
MAY 19, 2020
Paperless audit trails reduce the risk of non-compliance and human error. Implementing automation to provide end-to-end view of business and drive inter- and intra- departmental integration provides great value for CFOs as they can ensure best practices are in place, moving away from silos to get better business results.
The Charity CFO
JANUARY 17, 2022
The #1 accounting mistake that nonprofits make is hiring the wrong people to help them. Get this FREE guide to discover what you need to do to ensure you hire the right accountant, bookkeeper, or CFO the FIRST time. These financial statements are required for a nonprofit audit. Get the free guide!
CFO News Room
NOVEMBER 15, 2022
I think the biggest thing that started it was when we would have our branch audits, we never had any feedback about something on the RIA side. So I figured, I had to hold on to the CFO role, because I also am a CPA. And I got my CPA when I was at the accounting firm and started my CFA. Or, where’s this?
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