CFO News

SEPTEMBER 13, 2023

The regulators like NFRA and Sebi may tighten vigil around the need for the "effective two-way communication process" soon, they said. "So, the auditor's report isn't scrutinised properly by the audit committee. "So, the auditor's report isn't scrutinised properly by the audit committee.

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Beacon CFO Plus

NOVEMBER 30, 2023

How to Divide Responsibilities and Prioritize Communication The relationship between a fractional or outsourced Chief Financial Officer (CFO) and your company’s public accounting firm should be collaborative, clear, and well-defined. Keep in mind the things a fractional CFO will not do.

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CFO Thought Leader

MARCH 20, 2024

Bob Purcell’s leap into the unknown wasn’t a misplaced step; it was a giant stride toward his future as a CFO. From his initial misgivings about audit work at Deloitte to his transformative years at Amgen, where he thrived in a culture of leadership development and diversity, CFO Purcell’s journey was anything but linear.

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CFO Share

NOVEMBER 15, 2023

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.) Do not expect to walk away from an audit with zero findings.

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The Finance Weekly

JANUARY 22, 2024

Joe Berchtold, the President and CFO of Live Nation Entertainment, earned an impressive $52.4 million in 2023, making him the ,, highest-paid CFO in the United States. Aspiring individuals may wonder how they can achieve similar heights and earn big as a CFO. Assist with risk management, audits, and research.

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Future CFO

JULY 16, 2023

The top priorities for chief audit executives (CAEs) in 2023 are advancing data analytics, providing assurance on proliferating digital risks, and talent management, said Gartner recently. CAEs’ focus on providing assurance over technology and digitalisation and advancing audit’s use of data analytics is not new,” said McKnight.

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Auditing Communication Technology Investments 52

Future CFO

SEPTEMBER 1, 2021

Audit functions that fail to adapt well to hybrid auditing risk a loss of effectiveness and influence at a time when real-time assurance has never been more vital to the wider organisation, said Gartner recently. Below are some of the best practices.

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CFO News Room

DECEMBER 2, 2022

I needed to feel confident that if someone did come in to audit us, those numbers were solid and credible. Frances, who was promoted to CFO in August 2021, particularly enjoys this aspect of her role which she says is much more commercial and strategic than her previous one. “I I had to really believe in them.”. Source link.

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CFO Plans

MAY 2, 2024

With numerous options available, how can a CFO navigate this complex landscape and find the perfect match? Assessing Communication and Collaboration Effective communication and collaboration are key to a successful partnership. Selecting the right accounting partner is a critical decision for any CFO.

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Accounting Problem Solving Compliance Communication 52

Future CFO

JANUARY 11, 2023

EY recently announced the appointment of Jamie Miller as global CFO, and CFO of its proposed new public entity. . Previously, Jamie Miller joined Cargill in June 2021 as corporate senior vice president and CFO. . More People Moves stories The post EY announces global CFO appointment appeared first on FutureCFO.

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VCFO

APRIL 27, 2023

vcfo Austin welcomes Richard Buckley, Consulting CFO, to serve all Austin and Central Texas area clients. He provides exceptional leadership, communication, and mentoring skills, proven effective across multiple business platforms and company cultures. He earned his CPA license and was promoted twice in four years.

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Future CFO

FEBRUARY 23, 2023

Auditing and accounting talent shortage continue to make employers toss and turn, according to a global survey of more than 4,100 accountants and 2,300 auditors. With unemployment rates at historic lows, it’s not surprising that auditing and accounting talent shortage is a hot issue, said David Osborne, CEO at Caseware.

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Auditing Accounting Accounting Firms Practice Management 52

CFO Talks

OCTOBER 4, 2022

“CFOs experience higher turnover rates after their firm has received an adverse opinion by auditors because of internal control weaknesses. Similarly, CFO departure increases after the disclosure of inadequacies of firms’ internal controls,” according to a 2016 paper. Clear communication around important issues .

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The Finance Weekly

APRIL 21, 2024

What could go wrong if your Chief Financial Officer (CFO) is not effective in their job? What CFOs are Capable of Doing? Being a CFO is a top-tier position where you team up with the CEO and other leaders to steer a company toward success. Communicate with clients, investors, senior management, and stakeholders.

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CFO Budgeting Auditing Accounting Principles 52

PYMNTS

NOVEMBER 20, 2020

But what does the process of digital adoption actually look like from the vantage point of the CFO? For Andy Brown , CFO at education technology company Chegg , there was a plethora of opportunities to embrace by collaborating with third-party FinTech partners.

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The Finance Weekly

JUNE 21, 2022

This is especially true for CFOs who are planning to take their company public. At the , CFO Leadership Conference in Boston earlier this month, , Mike Ellis , who was named by the , Boston Business Journal CFO of the Year , offered an inside look into how a CFO prepares a company for an initial public offering and life as a public company.

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VCFO

MARCH 31, 2022

Engaging a virtual or fractional CFO as an outsourced resource is an excellent step for companies that need senior-level finance expertise but cannot afford to recruit or engage a full-time CFO. Validate the experience and expertise of the potential CFO resource. There is no certification for the title of CFO.

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CFO Leadership

OCTOBER 10, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. 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.

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CFO Simplified

JANUARY 2, 2022

Reliance Upon Outside Audits . It can be tempting to rely upon an annual audit to catch fraud. At CFO Simplified , we know what internal controls to look for in a company to identify areas of potential, or in the worst-case current fraud, and stop it in its tracks. Email and phone protocols, codes, and safeguards.

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The Charity CFO

APRIL 2, 2024

They’ll also work to eliminate inaccuracies within your data, so you can make data-driven decisions you trust and avoid accounting mistakes that might come up in an audit. Strong Communication and Accessibility Your nonprofit accountant can only provide expert advice and accurate reporting if you can easily get in touch with them.

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Future CFO

MAY 10, 2022

CFOs in China are expected to play broader roles when it comes to sustainability, as a result of the country’s green finance market expansion and the increasing demand for corporate carbon emissions audit, said Deloitte recently when releasing results of its China CFO Survey.

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Future CFO

FEBRUARY 1, 2024

"It is absolutely critical businesses implement an accounting and reporting system for their ESG data that is as auditable, transparent, and reliable as their financial data accounting," Hasenoehrl says, "2024 is the year we have to start treating enterprise carbon data the same way we treat financial data."

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CFO Talks

MARCH 14, 2024

Beyond the Basics: 7 Key Focus Areas for New CFOs 1. Introduction to the Evolving Role of the CFO In our previous discussion, we outlined the critical first steps a newly appointed CFO should take to establish a solid foundation within their organization. Delegation and Empowerment: No CFO can do it all alone.

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Prioritization CFO Leverage Risk Management 52

Boston Startup CFO

APRIL 12, 2024

Robust Board & Investor Reporting We can ensure clear and transparent communication of your financial performance to stakeholders. Audit Preparation Our firm will meticulously review and organize your financial records, ensuring they are in compliance with auditing standards and well-prepared for the audit process.

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Corporate Finance Finance Auditing Compliance 40

Fpanda Club

MARCH 27, 2023

Moving into FP&A from other fields of finance, such as accounting and audit, has recently become very trendy. So, what is so special about the FP&A role that it attracts that much attention and has almost become a buzzword within the finance community?

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Future CFO

MARCH 27, 2024

Over half of the survey respondents for the study , which gathered insights from over 6,500 respondents, were Gen Y/Millennials aged 25-42, with 37% current auditors, 33% former auditors and the rest considering audit as a future career. On reporting the report recommends: Stakeholders should improve how they communicate audit’s purpose.

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Numbers Accounting Auditing Communication 52

CFO Leadership

OCTOBER 18, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. 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.

Finance 52

Finance Accounting Auditing IFRS 52

Future CFO

OCTOBER 20, 2021

The CFO role requires certain traits and skills, said Woranat Dumrongsiri (pictured), Country CFO, Deloitte Thailand and Deloitte Laos during an interview with FutureCFO for the publication’s Female Leadership in Finance Series. Woranat Dumrongsiri, Country CFO, Deloitte Thailand and Deloitte Laos.

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CFO Leadership Finance Problem Solving 52

The Charity CFO

APRIL 13, 2023

This is why at The Charity CFO , we strive to provide relevant resources and support to ensure that your organization runs smoothly and efficiently. Confirming an organization’s compliance can include compliance checks and/or audit requirements , but maintaining compliance is the responsibility of the organization at all times.

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CFO Share

APRIL 5, 2022

With audits ramping up and penalties exceeding $100,000, understanding sales and use tax is essential. Worst-case scenario, the state or municipality issues a tax audit and assessment, creating severe financial distress in the business. . Timely and accurate filing is critical to avoiding unnecessary tax audits. Think again.

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Sales Auditing Compliance Tax Planning 98

CFO News

OCTOBER 25, 2023

NFRA has requested files and communications related to the audits of Adani Group companies dating back to 2014. The National Financial Reporting Authority (NFRA) in India has launched an inquiry into EY member firm S.R. Batliboi, one of the longtime auditors of the Adani Group, according to sources.

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Accounting Auditing Communication Financial Reporting 52

CFO Simplified

DECEMBER 26, 2021

As you audit your accounting and finance departments, you may find there are some key roles missing from your business that could be negatively impacting your company’s bottom line. Mid-sized businesses benefit the most from hiring a fractional CFO. We know, however, that hiring a full-time CFO can come with a hefty price tag.

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The Charity CFO

MARCH 6, 2024

Consider it like an internal audit and a necessity. The possibilities are endless, but be sure to communicate clearly defined expectations with your team. You can find Tosha and the Charity CFO team on Youtube or our website, thecharitycfo.com ! We’re talking ground floor here when it comes to expectations for the accountant.

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Nonprofit Accounting Reconciliations Invoicing 59

CFO News

APRIL 16, 2023

According to NFRA, the auditors also portrayed themselves as the "branch statutory auditor" in all communications with the DHFL and CAS, and issued an "Independent Branch Auditors' Report"

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Auditing Communication 52

CFO Talks

JUNE 7, 2022

The CFO of the past was primarily a number cruncher focused on avoiding risk and making conservative estimates. Today the CFO has moved into a more direct leadership role and requires new skills and tools to work alongside the CEO. Within this context, the CFO has evolved to become the CEO’s closest ally and advisor.

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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. This mitigates penalties, late filings, audits, and fraud (all too common in the nonprofit sector). Prepare for and manage an annual audit. Boosts donor confidence.

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Planful

DECEMBER 16, 2015

And this has an impact on the CFO’s role in relation to the board. The CFO Leadership Council’s NYC chapter held a panel discussion on this topic titled “Inside and Outside the Boardroom: Managing and Working with Boards.” Boards also need experts in various aspects of board work, such as audit committees.

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