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How to Prepare for a Financial Audit

CFO Share

Embarking on your first financial audit can be nerve-wracking. This article includes small business accounting tips to prepare for an audit while minimizing its expenses and findings. An audit evaluates: Compliance with accounting standards (GAAP or IFRS.) How Long Do Financial Audits Take?

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Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. How to use AI in Finance & Accounting As we look to the future, the role of AI in finance will likely expand. As AI permeates finance, questions about its compliance with audits and financial governance will arise.

Finance 95
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TEST Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. How to use AI in Finance & Accounting As we look to the future, the role of AI in finance will likely expand. As AI permeates finance, questions about its compliance with audits and financial governance will arise.

Finance 52
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Why Should Finance Teams Care About ESG Reporting?

The Finance Weekly

Converging ESG and Sustainability Reporting Standards There are several competing standards for ESG/Sustainability reporting including the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), Carbon Disclosure Project (CDP), and others.

Finance 52
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More firms obtain independent assurance on ESG data

Future CFO

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. .

IFRS 52
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The most and least complex jurisdictions for financial compliance in APAC

Future CFO

Many jurisdictions are moving towards international accounting standards such as International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP).

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How to Comply with Accounting Standards for Nonprofits

The Charity CFO

Accounting standards for nonprofits are probably not the first thing you think about, but are crucial for your organization to succeed. Because of their unique structure and operational model, nonprofits must comply with various accounting standards that are, in many ways, different from for-profit organizations.