This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Kubient’s ex-CEO, ex-CFO and former head of audit each lied to the business’ independent auditor and reported $1.3 million in false revenue, the SEC alleges.
The shortage of workers with the core accounting skills needed to staff audits is making audit failures more likely, Hofstra University’s Jack Castonguay says.
GenAI isn’t likely to replace accountants any time soon — but firms like Deloitte are already integrating it into their accounting and audit practices.
Companies hiring for internal audit need to prepare for disruption from new technology such as artificial intelligence and robotic process automation, IIA said.
Archer Daniels Midland named Ismael Roig interim finance chief as the board's audit committee and outside counsel conduct an investigation into accounting practices.
Since early 2021 SEC Chair Gary Gensler has called on the PCAOB to more aggressively oversee the accounting firms that audit publicly listed companies.
Amid an ongoing debate over whether CMA and CS should be included as accountants in the new Income Tax Bill and allowed to conduct tax audits a role currently reserved for Cas the Lok Sabha's Select Committee has likely tasked EY with reviewing the curriculums of these professional courses.
When it comes to Federal Single Audits , nonprofits often make costly mistakes that lead to compliance issues, financial weaknesses, and material deficiencies. Below, we break down the top audit findings and what nonprofits need to know to stay compliant. Make sure your documentation is complete.
Paul Rouse is CFO and treasurer of Thryv Holdings, Inc., Rouse has an extensive career in finance and has been CFO of Dallas-based Thryv for over 10 years. Global Finance: How has the CFO role changed? Global Finance: How has the CFO role changed? Paul Rouse: The speed of change has been incredible.
The SEC’s chief accountant called out the practice by which some crypto companies pay for less “precise” reviews of their business that they misrepresent to investors as audits.
Top 5 Signs Your Accounting Is a Mess (And How to Fix It) When your nonprofits finances feel offbut you cant quite put your finger on whyits often because the accounting system is quietly unraveling behind the scenes. To fix this, start by performing monthly reconciliations for every bank and credit card account.
Theres an uneducated belief that AI could steal jobs away from skilled professionals across various business facets like accounting and finance. AI is not going to replace your accountant , but what it is going to do is make professionals across finance, accounting, tax, treasury, procurement, and audit better at what they do!
Members’ Profile: Jerome Reip In this edition of our CFO Spotlight series, we are featuring Jerome Reip. Jerome’s professional journey began with PwC (Luxembourg) as an Audit Manager, where he built a solid foundation in financial management and corporate governance. And be a business partner, not an accountant!
The CFO Confessional: Bless Me, Market, For I Have Sinned When a corporate scandal breaks, it sends shockwaves far beyond the headlines. While legal and communications teams may lead initial responses, it is the CFO who must rebuild the financial and reputational foundations of the business. A scandal creates a credibility gap.
At The Charity CFO , weve worked with hundreds of nonprofits (if not thousands)and reviewed thousands of financial systemsover the past decade. Its not just about clean books or audit prep. This guide is the foundation of our fractional CFO services and reflects the systems, processes, and mindsets we implement for clients every day.
Members’ Profile: Rofhiwa Irene Singo In this edition of our CFO Spotlight series, we are featuring Rofhiwa Irene Singo, an accomplished finance leader whose journey is a testament to resilience, adaptability, and impactful leadership. I’m more of a night owl, so I often find my productivity peaks in the late hours.
When youre running a nonprofit, its tempting to think of accounting as something you can get by withmaybe its a part-time admin, a volunteer with QuickBooks experience, or a reactive scramble at tax time. But heres the truth: If your organization doesnt have a skilled accounting team, you dont just have a bookkeeping problem.
Predictive Finance, Ethical Leadership, and Public Sector Innovation: Lessons from SAQA CFO Innocent Gumbochuma In the latest episode of CFO Club Conversations , we had the privilege of speaking with Innocent Gumbochuma, Chief Financial Officer of the South African Qualifications Authority (SAQA) and the 2024 Public Sector CFO of the Year.
A Guide to CFO Compensation for Small Business Owners If you’re a small business owner looking to improve financial strategy, gain control over cash flow, or prepare for growth, a Chief Financial Officer (CFO) can make all the difference. Hiring a CFO doesnt always mean bringing on a full-time executive with a six-figure salary.
Rouven Bergmann: The balance of managing long term and short term is always the biggest struggle for the CFO. GF: There is a sort of academic debate over how the role of the CFO has changed: becoming more an ally and business partner of the CEO and less an accountant. I think there are three types of CFOs.
Accountability Isnt Admin Its Your Performance Lever For all the talk about AI-driven forecasting, real-time dashboards, and digitising the finance function, there remains one cornerstone of high-performing finance teams that no technology can replace: accountability. But accountability goes a step further.
And heres the real kicker: audits dont catch most of it. On a recent episode of A Modern Nonprofit Podcast , Tosha sat down with Jason Kruger, Partner at Citrin Cooperman, to expose the real risks of nonprofit fraudand why audits wont protect you. Why Audits Wont Save You “The easiest way to steal? Payroll padding?
The National Financial Reporting Authority (NFRA) has published its 2023 audit inspection report on Price Waterhouse Chartered Accountants LLP (PWCA) and Price Waterhouse & Co Chartered Accountants LLP (PW & Co CA), highlighting issues related to the verification of related party transactions and adherence to independence standards.
As a CFO your influence extends beyond financial reports and budgets. How to Handle It: Stand firm on ethical accounting practices and remind decision-makers of the long-term implications of financial misrepresentation. Escalate concerns to the audit committee or external advisors if internal discussions don’t resolve the issue.
The proposal in the Income Tax Bill, 2025 to allow professionals from ICMAI and ICSI to conduct tax audits has sparked a fierce debate. Is broadening the scope of tax audits necessary, or does it risk undermining the integrity of Indias specialized professional bodies? Heres what experts had to say:
Audit experts are calling this step progressive which will help in decentralising audit concentration from large firms that hold the majority of the mandate. Presently an individual CA can conduct 60 audits in a year but the rule is not the same for partners in accounting firms.
Members’ Profile: Anne-Marie de Bruin In this edition of CFO Club Africa’s Members Spotlight, we are introducing Anne-Marie de Bruin, a highly experienced finance professional and the freelance Financial Manager at AM Cross Country Consulting. My career began as an admin clerk and bookkeeper, roles that left me feeling unfulfilled.
Many nonprofit organizations both large and small need to undergo a financial statement audit every year. Preparing for a nonprofit audit can be overwhelming and anxiety-filled, especially if it’s your first audit or you don’t have a strong and experienced financial team. What is a financial statement audit?
From Boardroom to Broadcast: The CFO as Company Spokesperson For many years, the Chief Financial Officer was viewed as the quiet operator behind the scenes. Todays CFO is not just managing the finances of the business. Todays CFO is not just managing the finances of the business. That is because the CFO represents the truth.
Today we’re proud to announce another amazing addition to the industry’s best nonprofit accounting team! Theresa Guest is joining The Charity CFO team in the role of Accounting Manager. Don't hire the wrong accountant for your nonprofit! We couldn’t be happier to welcome Theresa to our team!
The Public Company Accounting Oversight Board describes its main points of scrutiny this year as audit firms face criticism from their clients and regulators.
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.
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.
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. WSJ | CFO Journal. The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team.
The Telangana High Court has ruled that the National Financial Reporting Authority does not have jurisdiction over audits prior to its constitution in October 2018. Legal and audit experts debate the issue.
These are the three Ps that guide CFO Zach Johnsons data-driven approach to financial leadership. Precision involves rigorous financial processesclean audits, timely closes, and granular understanding of key metrics. Develops and mentors high-performing teams, fostering a culture of continuous learning and accountability.
The layoffs will include cuts in its audit business — a notable shift given the company and the industry have recently struggled with accounting talent shortages.
Charlie Cheah , managing director, Esker Asia , believes that CFOs and in a bigger context, the Office of the CFO in Asia, face several challenges when integrating AI into financial systems, given the region's diverse technological landscape. "In Regulatory Variations: APACs regulatory environment for AI is still evolving.
A recent internal audit had revealed that some employees in high-stakes roles were bending the rules to meet targets. As CFOs, we play an important role in guiding organisations not only to financial success but to sustainable success built on a foundation of ethical performance. Here’s a practical guide to building that culture.
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content