Remove Accounting Standards Remove Auditing Remove Numbers Remove Securities
article thumbnail

Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. They’re not very good at mathematics or dealing with numbers in general.

Finance 95
article thumbnail

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

CFO Leadership

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. They’re not very good at mathematics or dealing with numbers in general.

Finance 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Pulling Back The Curtain On Corporate Finance Reports

PYMNTS

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. ” Meanwhile, previous research from Audit Analytics has also revealed that the number of accounting errors among the U.S.’s

article thumbnail

KPMG, PwC, EY To Put $9B Toward AI, Data Tech

PYMNTS

“That means accountants will be expected to become business advisers, not just number checkers. In other news, the Securities and Exchange Commission (SEC) has approved a proposal to simplify its auditor independence rules and relax some conflict of interest regulations.

article thumbnail

Aussie Corporates Ill-Prepared For New Accounting Rules

PYMNTS

Australian regulators said they were disappointed in corporates’ lack of preparedness for new accounting rules. The number of companies that quantified the impact of coming new requirements for reporting revenue and financial instruments was disappointing,” said ASIC Commissioner John Price. “The 1 of this year.

article thumbnail

5 Reasons to Move off of Excel for Financial Close and Consolidation

Planful

As the number and complexity of these spreadsheets grow, the process soon becomes too time-consuming and tedious to do by hand. However, as the number of people who work with these spreadsheets grows, more and more errors are introduced into the data. Excel is Inherently Insecure and Difficult to Audit.

article thumbnail

Best Practices from the CFO Suite

BlueLight

Pre Series B, it’s a part-time role to simply track past financial numbers. Security and Audit ?—?NetSuite NetSuite role-based permission can be very granular and includes audit trails illustrating who made field level changes including before and after data element changes. Edited for readability. Application Access? —?NetSuite

CFO 52