E78 Partners

JANUARY 5, 2024

Audits are an essential part of ensuring that a company’s financial statements are accurate and compliant with accounting standards. Proper preparation is critical in navigating the post-acquisition audit process smoothly, minimizing disruptions, and providing timely, accurate information to stakeholders.

Auditing 59

Auditing Valuation Concentration Reconciliations 59

CFO News

OCTOBER 25, 2023

The National Financial Reporting Authority (NFRA) has requested audit affiliates of Deloitte, EY, KPMG, Grant Thornton, and two Ahmedabad-based CA firms to provide information regarding their audit practices while auditing Adani companies.

Accounting Standards 52

Accounting Standards Auditing Accounting Financial Reporting 52

CFO News

JANUARY 17, 2024

The National Financial Reporting Authority (NFRA) is planning to directly engage audit committees of large listed companies to sensitise them about accounting standards and their role, a first-of-its kind regulatory outreach to curb corporate frauds, people aware of the watchdog's thinking told ET.

Auditing 52

Auditing Planning Accounting Standards Financial Reporting 52

E78 Partners

SEPTEMBER 21, 2023

Audits, while essential for maintaining the integrity and trustworthiness of an organization’s financial reporting, can be a daunting task. These challenges include resource limitations, complexity of accounting standards, volume of transactions, weak internal controls, stakeholder expectations, and much more.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have. What is financial reporting software?

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) Accounting Standards CFO 52

CFO Talks

SEPTEMBER 30, 2024

This is not just an accounting issue; it’s a symptom of a broader problem that threatens our ability to compete in the global economy. At the heart of this issue is IAS 38 , the international accounting standard for intangible assets, which may be doing more harm than good for South Africa’s economic ambitions.

Accounting Standards 98

Accounting Standards Economics IFRS Auditing 98

CFO Leadership

OCTOBER 10, 2023

How to use AI in Finance & Accounting As we look to the future, the role of AI in finance will likely expand. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. a model could be trained to become an expert in finance and accounting.

Accounting 95

Accounting Finance Auditing IFRS 95

The Charity CFO

NOVEMBER 30, 2023

Does the idea of an audit from the IRS leave you with sweaty palms? Most nonprofit leaders aren’t accountants and the thought of getting audited is a sizable fear. Luckily, being prepared can help you avoid accounting mistakes that could come up in a nonprofit audit. The investment now will save you in the future.

Nonprofit 52

Nonprofit Auditing Compliance Education 52

CFO Talks

JANUARY 7, 2025

Take courses and certifications in evolving or emerging areas in information technology, strategy and accounting. For example, whenever there is a release of a new accounting standard impacting your industry, go for training on such a standard. Continuous development and relevance are key. Earn CPD credits also.

CFO 52

CFO Leadership Financial Analyst Finance 52

VCFO

NOVEMBER 1, 2023

Assessing Accounting For entities preparing GAAP compliant financial statements, adoption of Revenue Recognition Standard (ASC 606) and Lease Accounting Standard (ASC 842) is now mandatory. Changing how revenue is reported impacts EBITDA and also balance sheet items such as deferred revenue and deferred expenses.

Finance 88

Finance Strategic Planning Auditing CFO 88

PYMNTS

MARCH 6, 2019

Corporate accounting standards are changing, with the Financial Accounting Standards Board adopting new standards in ways companies report on leases, hedging and other financial activity. ’s 9,000 publicly listed companies spiked in 2018 after consistent declines since 2006. .

Corporate Finance 55

Corporate Finance Finance Accounting Standards Accounting Principles 55

Bramasol

MARCH 24, 2022

A subsequent blog post specifically addressed How Can Carbon Accounting Impact the Value of M&A Deals? Certain climate-related financial statement metrics and related disclosures in a note to its audited financial statements; and ? Information about climate-related targets and goals, and transition plan, if any.

Accounting 87

Accounting SAP Analyzing Data IFRS 87

The Finance Weekly

MARCH 28, 2022

Continue reading to learn what ESG reporting is, what's new with ESG reporting standards, why Finance teams should care, and the five benefits of aligning ESG and financial reporting. However, following the recent COP26 conference in 2021, there is now a push for a global standard.

Finance 52

Finance Auditing Accounting Standards IFRS 52

VCFO

MAY 30, 2022

Jose is a senior finance professional with more than 30 years of experience in financial management roles in manufacturing and international energy ventures. For several years, Jose was Director to the Board of the Venezuelan American Association of Texas (VAAT), a 501(c)(3) organization promoting the Venezuelan culture in Texas.

CFO 52

CFO Auditing Financial Modeling Leadership 52

PYMNTS

MAY 21, 2018

M&G chief executive Anne Richards, HM Treasury non-executive director and deputy chair of Kinnevik Amelia Fawcett, and former audit partner at PwC and former chair of the Accounting Standard Board Mary Keegan are all on the panel. We have no faith in this whitewash.”.

Accounting 40

Accounting Auditing Treasury Accounting Standards 40

Beacon CFO Plus

NOVEMBER 30, 2023

Define Roles and Responsibilities: The CFO typically focuses on financial strategy, planning, and management, while the accounting firm handles compliance, audits, and financial reporting. The CFO should work closely with the accounting firm to provide the necessary information for audits and reporting.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 52

CFO Leadership

OCTOBER 18, 2023

How to use AI in Finance & Accounting As we look to the future, the role of AI in finance will likely expand. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. a model could be trained to become an expert in finance and accounting.

Accounting 52

Accounting Finance Auditing IFRS 52

The Charity CFO

APRIL 13, 2023

In order to successfully manage the financial health of your nonprofit organization, here are 7 key concepts you should understand: Compliance and Audit Requirements Compliance is the act of ensuring the public that nonprofits are abiding by the rules that allow them to take advantage of tax exempt status and other financial incentives.

Nonprofit 52

Nonprofit Accounting Standards Compliance Budgeting 52

The Charity CFO

JANUARY 5, 2022

For example, “salary” is a straightforward line-item on a for-profit financial report. . To complete your IRS 990, you’ll need to report your expenses based on how they fall within 3 categories, they are: . To pass an independent audit. But what is a function, anyway? To build public trust.

Nonprofit 72

Nonprofit Auditing Accounting GAAP 72

Fpanda Club

SEPTEMBER 2, 2021

FP&A vs financial controlling Working closely with accounting function, financial controllers ensure compliance of reported results with accounting standards, legislation and regulations, develop and document policies and procedures of the internal control in the organization, participate in financial reporting, budgeting and forecasting.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Corporate Finance Communication Forecasting 130

The Charity CFO

APRIL 5, 2023

Depending on your state, funding and other factors, your compliance and audit requirements might vary. Compliance checks or compliance check questionnaires tend to be simpler than a full audit and are limited in scope. A great way to stay on top of these tasks is with an Audit Checklist. This can be a long and lengthy process.

Nonprofit 52

Nonprofit Compliance Auditing Accounting 52

The Charity CFO

JANUARY 21, 2022

If you’re looking for info on fund accounting in government here is a great resource for you. 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.

Nonprofit 92

Nonprofit Accounting GAAP Accounting Principles 92

The Charity CFO

DECEMBER 8, 2022

The IRS has strict regulations on how to handle grants and charitable contributions, so it is essential that you understand the best practices when accounting for them. Because accurate nonprofit accounting can help with reporting and auditing requirements, and ensure that the funds are being used in accordance with the grantor’s wishes.

Accounting 52

Accounting Nonprofit Auditing Compliance 52

The Charity CFO

NOVEMBER 10, 2022

As a result, the organization might not adhere to Generally Accepted Accounting Principles (GAAP), which can trip them up come tax time or during an audit. Governance issues, tight regulations, and high public accountability standards mean strong accounting practices are more important than ever.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

The Finance Weekly

OCTOBER 31, 2021

Many of the same financial issues that profit-seeking enterprises face, such as increasing revenue, managing audits, and dealing with compliance, encounter non-profit organizations (NPOs). At the very least, you must have transparent financial reporting. 4 Steps NPOs can do to improve their financial planning.

Planning 52

Planning Auditing Nonprofit Accounts Payable 52

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.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

PYMNTS

MAY 17, 2018

A few key themes emerged from the fallout, however, with analysts citing Carillion as a prime example of how a consolidated auditing market risks lackluster accounting standards, as well as how late payments by large corporates can have detrimental impacts on small suppliers.

Auditing 40

Auditing Accounting Standards Accounting Construction 40

Spreadym

JULY 10, 2023

The financial close process, also known as the accounting close process or month-end close, is a series of steps undertaken by an organization to finalize its financial records for a specific accounting period. The financial close process is crucial for ensuring accurate and reliable financial reporting.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

The Charity CFO

MAY 11, 2023

When determining your needs, be sure to consider what your complete financial package looks like and where you might need some help. Do You Struggle to Make Sense of Your Financial Statements? This can be especially helpful if you don’t have a dedicated staff-person with the expertise level required. Get the free guide!

Nonprofit 52

Nonprofit Communication Accounting Auditing 52

Future CFO

NOVEMBER 2, 2020

For example, 70% of jurisdictions in South America mandate electronic transaction reporting, yet this is only the case for two jurisdictions in APAC (15%) – India and South Korea. This drops to only 71% of jurisdictions in APAC, showing a higher demand for individuals representing these companies to be locally resident.

Compliance 40

Compliance IFRS GAAP Accounting Principles 40

The Charity CFO

DECEMBER 15, 2023

Differentiating between program service fees and constrictions helps maintain clean records and can lower your risk of compliance issues if your nonprofit is audited. Recognizing In-Kind Contributions In-kind donations can pose a range of accounting challenges for nonprofits. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit Compliance Valuation CFO 52

The Finance Weekly

APRIL 28, 2024

Also, the subscription service comes with cool features such as follows: Keeping tabs on inventory Sorting out your books Sending out invoices smoothly Managing payroll Dishing out financial reports Linking up with other apps for a seamless workflow Plus, you can share access with different permissions for your team.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Invoicing Budgeting Finance 52

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. Security and Audit ?—?NetSuite Application Access? —?NetSuite

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

CFO Talks

OCTOBER 1, 2024

The conversation about the underinvestment in intangible assets in South Africa, and the challenges of accounting for these assets (due to subjective accounting treatments), directly impacts how CFOs approach financial reporting. Why is this important for CFOs? IFRS, US GAAP).

Leverage 52

Leverage Investments Economics Accounting 52

CFO Talks

DECEMBER 26, 2021

SAIBA’s CEO, Nicolaas van Wyk, provides interesting feedback from the recent CFO World Congress in Mexico, how developments at COP26 will soon change a CFO’s reporting obligations, and the trends for CFOs going into 2022. CFO Talks is a brand of the South African Institute of Business Accountants.

CFO 40

CFO Profit and Loss Finance Accounting 40

CFO Talks

JANUARY 27, 2025

1 is, of course, the traditional route, which a lot of people follow and go through one of the accounting firms, and, typically, they go through audit related activities. Audit never interested me all that much, so it wasn’t a route I was particularly excited about. How do I audit this thing? I must be honest.

CFO 52

CFO Auditing IFRS Accounting 52

CFO Dive

JUNE 16, 2025

Ensure auditable reporting and compliance The CFO needs to work with other functions like corporate financial reporting, regulatory compliance, tax, treasury, and legal to ensure timely, auditable reporting and financial accounting. You can unsubscribe at anytime. TechTarget, Inc.s

CFO 241

CFO SAP Compliance Auditing 241