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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CFO Auditing Accounts Payable Securities 52

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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Finance Accounting Auditing IFRS 95

The Charity CFO

APRIL 25, 2024

About The Charity CFO The Charity CFO is an accounting firm specializing in serving nonprofits through outsourced accounting and fractional CFO services. This case study is the story of how The Charity CFO has helped organizations to navigate accounting and create simplicity instead of chaos. Where is the money?

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Nonprofit Accounting CFO Auditing 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

The Charity CFO

APRIL 18, 2024

These challenges include financial issues, data security compliance, and talent retention problems. Financial Sustainability For nonprofits, financial sustainability means the financial security to cover expenses and advance your mission. Implement staff and volunteer training on security best practices. Get the free guide!

Nonprofit 52

Nonprofit Compliance CFO Leverage 52

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

CFO News Room

DECEMBER 16, 2022

Job security is always a concern when choosing a career, but some fields are more recession-proof than others. As a financial executive, the chief financial officer (CFO) is responsible for the financial health of an organization. Communication Skills. This means your job is likely secure no matter what happens in the economy.

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Finance Budgeting Compliance Financial Analyst 130

The Charity CFO

MAY 11, 2023

Make sure that you find a partner in your service provider and ensure that your access and communication channels are clearly defined. Security Concerns The financial data of an organization is incredibly sensitive. Ensure that your provider has proper security measures in place and ask to see these in action before proceeding.

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

Future CFO

NOVEMBER 10, 2021

The Gartner 2022 Audit Plan Hot Spots report also identified evolving societal expectations for enterprises, such as environmental, social and governance ( ESG ) risks, and operational resilience as top risk areas for 2022. The 2022 audit plan hot spots that Gartner identify are as follows. Ransomware. Data and Analytics Governance.

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Auditing Economics Communication Planning 75

Collectiv

JULY 17, 2023

President and CFO Brian Lewis was involved in an initiative to develop new audit automation software. While auditors are comfortable interpreting output in this layout, it doesn’t tell a compelling data story to stakeholders like audit committees, senior management, and outside parties.

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Auditing Communication Leverage Budgeting 52

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.” Risk management is also becoming a big focus for boards, especially IT and information security risk.

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CFO Auditing Communication Risk Management 40

CFO Talks

NOVEMBER 10, 2022

We are very intentional about being compliant and getting a clean audit’. Welcome to the CFO Club Africa podcast, where we interview leading CFOs from Africa and beyond. and join our community of accounting and finance executives. Let’s take communication for example. Go to www.cfoclub.co.za

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CFO Budgeting Communication Problem Solving 52

CFO Simplified

DECEMBER 12, 2021

While many business owners look for a CFO to bolster their existing accounting team, here at CFO Simplified, we consider that a CFO would be categorized squarely in the finance category. Sometimes the differences are misunderstood because the CFO works with both the Accounting and Finance departments. Growth planning .

Accounting 52

Accounting Finance Cash Flow Forecasting CFO 52

The Charity CFO

MARCH 25, 2024

However, learning grant writing skills can help your organization secure new funding sources and earn more grants. If you apply for grants that don’t align with your mission, you’re unlikely to secure funds. Being open, honest, and transparent in your grant application can go a long way in securing funding.

Nonprofit 52

Nonprofit CFO Auditing Securities 52

KG Virtual CFO

OCTOBER 7, 2020

Neglecting to save receipts Although keeping them in a folder or box is still necessary in the case of an audit, most online and digital accounting programs like QuickBooks Online and Xero have accompanying apps that allow you to snap a picture of your receipt and associate them with the appropriate expense entry. We're here to help!

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Communication CFO Auditing Budgeting 52

The Charity CFO

DECEMBER 8, 2022

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. Establishing clear roles and communication protocols can help ensure that all team members are in alignment when it comes to grant accounting. Conduct regular audits.

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Accounting Nonprofit Auditing Compliance 52

CFO News Room

DECEMBER 30, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the passage of “SECURE Act 2.0” Why it is important for advisory firms to conduct an audit of their tech stack and the steps they can take to conduct the exercise. To start, SECURE 2.0

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Planning Auditing Investments Securities 130

Future CFO

AUGUST 21, 2023

FutureCFO spoke to Robert E Parker , CFO for IBM Asia Pacific, for his perspective on how finance teams can and should take interest in the potential of AI, and arguably that waiting for the technology may not be in the best interests of the function and the company. Fraud and waste : Use Machine Learning (ML) to detect fraudulent patterns.

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Finance Compliance Data Analysis Leverage 98

Planful

OCTOBER 19, 2021

Equifax quickly applied security and governance policies because they were built in and custom coded to suit the organization’s needs. According to Nabil Hannan , managing director at NetSpi, CFOs can quantify and communicate the ROI of secure systems to the C-suite by collaborating with chief information security officers ( CISO).

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) CFO Auditing Communication 40

Future CFO

AUGUST 30, 2021

What makes for a sought-after chief finance professional (CFO)? CFO: The disruption of 2020 highlighted the need for the finance function to be more responsive – continually re-evaluating both short and long-term goals and strategies. These days, strong computer skills, as are advanced knowledge of accounting, budgeting, and finances.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance CFO Problem Solving 52

CFO Leadership

OCTOBER 10, 2023

What data governance, privacy and security procedures do we have in place or need? Create and communicate a well-defined plan for how you intend to bring advanced AI tools into your organization and use them for transformation. The post Preparing Your Finance Organization for the New Era of AI first appeared on CFO Leadership.

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Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

Future CFO

AUGUST 30, 2023

This has created a continued demand for tech skills on all levels, particularly in Business Transformation, Cyber Security and Data Analytics. Effective communication skills, strategic thinking and adaptability were seen as key to candidates looking to succeed in these roles. Data Analysts remain highly coveted for this reason.

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Data Analysis Auditing Communication Finance 52

Future CFO

NOVEMBER 18, 2019

However, fundamental tasks in statutory accounts, management accounts, investments, budgeting, analysis, compliance, risk, payroll, audit, taxation and managing working capacity are very much interconnected. CFO in 2020: Influencing digital innovation. CFO as the pillar of strong culture.

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CFO Finance Reconciliations Accounting Standards 52

Future CFO

JUNE 26, 2023

The increased number of sophisticated attacks in the region gives real cause for concern, as seen in the case of the popular 3CX phone service application which was turned into a trojan as part of a supply attack, said Vivek Gullapalli, Chief Information Security Officer, APAC, Check Point Software Technologies. A new generation of users.

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Leadership Manufacturing Education Securities 52

Future CFO

NOVEMBER 15, 2023

Ervina Waty : Here are some key changes that CFOs might need to put in place: Enhanced Data Governance and Quality Control CFOs should implement stronger data governance practices to ensure the accuracy, consistency, and integrity of financial data.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Leverage Communication Compliance 52

Future CFO

MARCH 8, 2020

An observation I had from those activities is that while women in finance are not uncommon, the number holding the title of Chief Financial Officer or CFO is far fewer than their male counterparts. Despite these figures, there were only 61 women CFOs within the Fortune 500 companies in January 2017 – that’s 12.5%.

Finance 52

Finance Leadership CFO Auditing 52

PYMNTS

JULY 5, 2017

For a chief financial officer (CFO), having technology — from ERP systems to cloud accounting and cash forecasting tools — has become paramount when deploying a successful growth strategy. The nature of financial reporting is to communicate facts aggregated using accounting rules. These facts can be audited back to the source.

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Financial Data Auditing Financial Reporting CFO 52

CFO Talks

FEBRUARY 13, 2022

Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. CFO Talks is a brand of the South African Institute of Business Accountants. So we are actively looking to expand into other categories as well.

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CFO Construction Economics Accounting 40

The Finance Weekly

JULY 31, 2023

As a seasoned finance leader in telecommunications, retail, technology, and legal sectors, Glenn envisions transforming the role of Chief Financial Officer (CFO) from being a historical reporter to a strategic forward-thinker. His expertise spans financial analysis , budgeting, business partnering, financial storytelling, excel, and audit.

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Corporate Finance Finance Leverage Accounts Payable 52

Future CFO

OCTOBER 14, 2020

Through analysis of the top five uses of blockchain , ranked by their potential to generate economic value, a recent report by PwC gauges the technology’s potential to create value across industry, from healthcare, government and public services, to manufacturing, finance, logistics and retail, the auditing and consulting firm noted.

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Healthcare Economics Manufacturing Construction 40

CFO News Room

JANUARY 13, 2023

This statement tracks with her record in Congress: The class struggle must be suppressed for the sake of the institutional security of the imperialist Democratic Party and the Biden administration. ‘We do, but what we don’t do is bring them publicly in order to empower not just Republicans but the fascist flank of the Republican Party.’

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Education Auditing Economics Finance 130

CFO News Room

NOVEMBER 15, 2022

I think the biggest thing that started it was when we would have our branch audits, we never had any feedback about something on the RIA side. But it can’t be a regular brokerage account, because you’re not securities licensed on that side. Author: Michael Kitces. Team Kitces. Stacey: It’s an interesting story.

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Planning Accounting Compliance Math 130

CFO News Room

NOVEMBER 1, 2022

I stepped off the stage, there’s a queue of people waiting to speak to me, and I jokingly say that I saw this white woman skipping up to me, and she got into my face, sort of, she was very eager to meet me, and I was sort of, “Whoa, wait a minute, security. I didn’t quite know what was happening, but that was Beth.

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Leadership Construction Budgeting Planning 100

Onplan

NOVEMBER 30, 2022

Instead of reaching out to your marketing, sales, and other departments for data inputs, and spreading your communication across various channels and sources, you can reach instant and total alignment. Size constraints that can impact usability and even security. As with any new technology, Anaplan comes with a learning curve.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 52

Barry Ritholtz

APRIL 25, 2023

So clearly you see the overlap between being an attorney, understanding the intricacies of securities law. And the big one that they get hung up on is they can’t engage in a private securities transaction without getting the prior written consent of the firm. You could probably build a better communications strategy.

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Mergers and Acquisitions (M&A) Compliance Investments Finance 61