CFO Share

MAY 31, 2023

Accounts payable is an annoyance at best, a disaster at worst. More and more businesses use accounts payable outsourcing as a solution to this problem. What to look for in an accounts payable company. Fraud risk is addressed through two best practices: Implement proper controls, segregation of duties, and process audits.

Accounts Payable 40

Accounts Payable Accounting Auditing Education 40

The Charity CFO

NOVEMBER 10, 2022

What should you look for when evaluating nonprofit accounting services? Whether you are an educational, charitable, religious, sports, or other public-benefit organization, you need to have a good handle on your finances in order to make the most impact. Benefits of Nonprofit Accounting Services. Improves compliance.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

Future CFO

MAY 5, 2024

Boardroom leadership, including chief financial officers, needs to manage artificial intelligence risks to drive trust, according to the Association of Chartered Certified Accountants. Introducing AI is both about trust in the systems and trust in the people that we work with, and how we bring those two elements together.,"

Risk Management 52

Risk Management Leadership Auditing Finance 52

Future CFO

SEPTEMBER 14, 2020

The Enron scandal, one of the largest accounting frauds seen over the last three decades, led the company to file for bankruptcy in 2001. One way in which auditor independence can be compromised is when auditors simultaneously provide audit and non-audit services (NAS) to clients, and as a result become more beholden to these clients.

Auditing 52

Auditing Accounting Valuation Education 52

PYMNTS

MAY 16, 2018

SOC 2 was developed by the American Institute of Certified Public Accountants (also known as AICPA) and exists as an auditing process aimed at ensuring that service providers maintain and manage customer data in a safe manner. A SOC 2 Type II review will include the testing of these controls.

Auditing 46

Auditing Healthcare Securities Education 46

CFO News Room

DECEMBER 16, 2022

They may work in various industries, such as investment firms, accounting firms, banks, or the government. Chief Compliance Officer. A chief compliance officer ensures financial institutions adhere to all applicable laws and regulations. They also often guide major life events, like saving for retirement or a college education.

Finance 130

Finance Budgeting Compliance Financial Analyst 130

The Charity CFO

APRIL 19, 2022

In our experience, nonprofits with little in reserve and/or low cash balances tend to have financial management challenges, often including: Poor collection of accounts or pledges receivable. Red Flag #2: Hidden Compliance Issues. But they often overlook compliance or regulatory issues that could be much bigger problems.

Nonprofit 98

Nonprofit Auditing Compliance Accounting 98

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 Compliance Accounting Standards Budgeting 52

PYMNTS

SEPTEMBER 20, 2016

In the latest installment of Flywire ’s podcast series on Global Citizens and the top characteristics of x-border payment processors , we take a look at the compliance, rules and regulation side of getting high-ticket international payments from Point A to Point B.

Compliance 71

Compliance Education Auditing Securities 71

CFO Talks

SEPTEMBER 6, 2022

Welcome to this SAIBA CFO podcast, SAIBA is the South African Institute of Business Accountants, it has more than 12 000 members and specialises in a wide range of disciplines such as accountancy and tax, training and development, career enhancement, legislation, designations and financial reporting.

Auditing 52

Auditing CFO Leadership Math 52

The Finance Weekly

JANUARY 22, 2024

CFOs need strong finance and accounting skills, along with years of experience, to find ways to enhance the organization's financial well-being. The CFO may work with the finance and accounting team to predict the effects of different operational decisions. Resolve accounting and finance problems.

CFO 52

CFO Education Communication Leadership 52

The Charity CFO

SEPTEMBER 14, 2022

It’s true that due to their uniquely valuable societal contributions, such as charitable actions or educational priorities, nonprofits receive tax exemption for income from activities substantially related to their primary purpose. . Don't hire the wrong accountant for your nonprofit! But what if I told you that’s not always true?

Nonprofit 98

Nonprofit Profit and Loss Education CFO 98

The Charity CFO

JANUARY 26, 2023

Start With the Fundamentals of Nonprofit Tax Filing Non-profit organizations operate in many areas of society, including education, healthcare, sports, and social services. NPOs should track all donations, grants, and investments made to their organization to make sure they are properly accounted for.

Nonprofit 52

Nonprofit Accounting Principles Profit and Loss Auditing 52

Planful

SEPTEMBER 1, 2016

In early August, I was asked to speak at the annual meeting of the American Accounting Association (AAA). The AAA has been around for 100 years and is a community of accounting educators. Hip, Cool, and Relevant Accounting Technologies. His main message was that ERPs are no longer the center of the accounting universe.

Technology 40

Technology Accounting Auditing Reconciliations 40

The Charity CFO

JANUARY 5, 2023

Tax issues and non-compliance with regulatory requirements. Accountability for everyone involved. Educate the staff and board on critical issues triggered by certain gifts. When creating your fiscal policy, ensure that it complies with the Generally Accepted Accounting Principles (GAAP). Make board members accountable.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

CFO Leadership

AUGUST 12, 2021

This initiative brings together members from historically underrepresented groups to discuss issues that are important to them along with educational and networking opportunities. Kim Ngyuen came to the US from Vietnam to further her education and obtained her MBA with a concentration in Accounting at Albertus Magnus College.

Leadership 98

Leadership CFO Financial Planning and Analysis (FP&A) Finance 98

Future CFO

JUNE 26, 2023

Greater awareness and education. Learning from successful examples such as Australia and Singapore, these regulations can set minimum security standards, encourage regular assessments, and establish penalties for non-compliance. Strengthen cybersecurity leadership.

Leadership 52

Leadership Manufacturing Education Securities 52

CFO News Room

NOVEMBER 2, 2022

Chris Stanley is the Founding Principal of Beach Street Legal LLC, a law practice and compliance consultancy whose sole purpose is to help entrepreneurial investment advisers and financial planners succeed. Compliance policies and procedures manual. Author: Chris Stanley. Guest Contributor. Net capital worksheet. Surety bond.

Compliance 130

Compliance GAAP Investments Advertising 130

PYMNTS

AUGUST 5, 2016

There is seemingly no end to the discussion of how automated accounting can improve a business’ performance. The market is on the cusp of a groundswell of adoption of these technologies, says Therese Tucker, CEO of accounting solutions firm BlackLine , after a long lull among mid-market firms.

Accounting 42

Accounting Reconciliations General Ledger Auditing 42

Collectiv

FEBRUARY 2, 2022

Empower your team to maintain cybersecurity and compliance standards with training on security, governance settings, gateway installation and management, audit logs, and the Azure Active Directory. Identifying the following roles and responsibilities early on for each team boosts adoption by creating accountability: Dataset Owner.

Education 52

Education Benchmarking Prioritization Data Analysis 52

PYMNTS

AUGUST 21, 2019

The drive to eliminate paper in the accounts payable process, to cut the steps that lead to inefficiencies, continues to get a boost from technology. With an automated workflow process, the manual approval of invoices is eliminated and strict business rules can be applied to the process for compliance reasons. The Compliance Factor.

Accounts Payable 46

Accounts Payable Invoicing Financial Systems Compliance 46

The Charity CFO

NOVEMBER 23, 2022

They handle all payroll and accounting functions and manage investments and fundraising efforts. A Bachelor’s Degree In Accounting, Finance, Or A Related Field Is Required. This is the minimum educational requirement for most nonprofit finance director positions. Why this is important.

Nonprofit 52

Nonprofit Finance Strategic Planning Budgeting 52

PYMNTS

MAY 2, 2016

UA: As chief risk officer, my role is to implement a risk and controls framework that is relevant to TNS, takes into account our operational challenges and culture and delivers practical solutions to help meet applicable compliance requirements. We find the key to success is taking into account the audience’s requirements.

Risk Management 41

Risk Management Compliance Auditing Communication 41

CFO Talks

MARCH 14, 2024

No longer confined to the guardianship of financial reporting and compliance, modern CFOs are now pivotal strategists and advisors at the heart of corporate decision-making. CFOs can support ongoing education and exposure to new trends and technologies, ensuring that the organization remains agile and responsive to changes in the market.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

The CFO College

APRIL 8, 2021

For many bookkeepers and accountants, working remotely is a reality that has breathed energy back into the passion they feel for their work and their life. Another key aspect of becoming a Valuable Expert is enhancing your education. You’ll also want to grow your niche knowledge, if you practice within one.

CFO 52

CFO Benchmarking Tax Planning Accounting 52

Future CFO

OCTOBER 20, 2021

This made me decide to pursue my education in accounting. After graduation, I started my career in finance at Arthur Anderson as an auditor and became a Certified Public Accountant (CPA). Then I spent three years with Chevron as a regional finance and accounting implementer.

CFO 52

CFO Leadership Finance Problem Solving 52

Future CFO

FEBRUARY 16, 2023

Research has also shown that hiring for skills is five times more indicative of job performance than hiring based on education alone. LTT: Automation presents an opportunity to reduce the burden on finance executives, particularly around the foundation of traditional but repetitive tasks such as transaction processing, audits and compliance.

CFO 52

CFO Finance Economics Leverage 52

The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. Categorizing transactions, reporting income, and meeting compliance requirements can be overwhelming. About The Charity CFO The Charity CFO is an accounting firm specializing in serving nonprofits through outsourced accounting and fractional CFO services.

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

The Charity CFO

MAY 18, 2022

Compliance. But when public funds are at risk (in the form of donations and grants ) an accountability system must be employed to ensure funds are used appropriately. The board of directors is the core element of this accountability system. Compliance. Review annual audit . What is Financial Oversight?

Nonprofit 105

Nonprofit Auditing Compliance Budgeting 105

CFO Simplified

JANUARY 5, 2024

The difficulty is that often an office manager, or senior member of the accounting team is responsible for maintaining the financial security of the firm with little or no oversight. Client Trust Accounts (IOLTA): Mismanagement of client trust accounts can lead to serious ethical and legal consequences.

Auditing 52

Auditing Reconciliations Compliance Securities 52

The Charity CFO

APRIL 15, 2022

During the “Great Recession,” nonprofits have lost their accountants and financial directors at record rates. And they’re tired of the hamster wheel of hiring, re-hiring, training, and re-training bookkeepers and accountants. So why do accountants leave nonprofit organizations? Why Do Nonprofit Accountants Quit?

Nonprofit 52

Nonprofit Accounting CFO Problem Solving 52

The Charity CFO

MAY 6, 2022

Those numbers may be skewed by some outliers, like education, but, regardless, there is still a lot of federal money up for grabs. The Uniform Grant Guidance (UCG) outlines these rules that recipients of federal grants must follow to maintain compliance; and penalties for non compliance can be severe.

Nonprofit 119

Nonprofit Auditing CFO Financial Systems 119

PYMNTS

NOVEMBER 29, 2019

There are 12,000 jurisdictions, Peterson told PYMNTS – and that’s the easy part of grappling with tax compliance. There may or may not be near-term proactivity by states to embrace such databases and educational efforts, said Peterson. But as it stands now, education is a hit-or-miss proposition. The hard part?

eCommerce 53

eCommerce Auditing Sales Education 53

PYMNTS

JANUARY 10, 2019

Now, analysts at the International Federation of Accountants (IFAC) are urging ERM to move beyond the c-suite. Professional accountants are well-positioned to better serve the organizations they work for by enabling effective enterprise risk management that identifies both risks and opportunities for the business,” the CEO noted.

Finance 74

Finance Risk Management Auditing Accounting Standards 74

PYMNTS

SEPTEMBER 5, 2019

Governments rely on tax revenues to fuel the vital services they provide to residents and businesses – from firefighting and public education to water system repair and road maintenance. As a result, businesses are left unsure about how to maintain compliance. . Compliance Questions and Business Opportunities .

Compliance 46

Compliance Economics Sales eCommerce 46

Future CFO

MAY 17, 2021

For Paul Loke , director (technology) & CIO at the Accountant-General’s Department , driving the use of analytics in his organisation served primarily to change the way people made decisions and encouraged a culture of risk taking. It is important the power of data and use it in compliance with data policies,” said Loh. End result.

Auditing 52

Auditing Pharmaceutical Finance Transportation 52

CFO News Room

NOVEMBER 22, 2022

And that was very hard to do because when you’re running a Fortune 100 company, the compliance is to the lowest common denominator. At the time, due to internal protocols as well, we were required to meet with everyone if they had an advisor account, whether someone had $50,000 or $5 million. And that wasn’t scalable.

Planning 130

Planning Communication Profit and Loss Education 130