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How private companies’ AI adoption barriers are evolving as they seize opportunities

CFO Dive

Skip to main content Dont miss tomorrows CFO industry news Let CFO Dives free newsletter keep you informed, straight from your inbox. financial reporting leaders indicated in a KPMG study that ethical concerns, such as bias or misinformation, are a barrier to AI adoption — down from 48% in 2023. In 2024, 31% of U.S.

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Federal Single Audits: The Top 7 Findings

The Charity CFO

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.

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The CFO Confessional: Bless Me, Market, For I Have Sinned 

CFO Talks

The CFO Confessional: Bless Me, Market, For I Have Sinned When a corporate scandal breaks, it sends shockwaves far beyond the headlines. In these moments, the role of the Chief Financial Officer becomes especially critical. The CFO must lead a comprehensive clean-up of financial reporting processes.

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The Charity CFO Financial Blueprint: What the Best-Run Nonprofits Have in Common

The Charity CFO

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. The organizations that thrive have a shared commitment to financial discipline, strong internal controls, and strategic leadership.

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Financial Reports That Don’t Age Like Milk: The Power of Real-Time Data 

CFO Talks

Financial Reports That Dont Age Like Milk: The Power of Real-Time Data Imagine running a business where financial decisions feel like guessworkwaiting weeks for reports, struggling with outdated data, and constantly fearing human error. Now, real-time dashboards allow them to monitor financial health instantly.

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Restatements decline, with small companies more prone to error: CAQ

CFO Dive

The Sarbanes-Oxley Act of 2002 prompted a long-term reduction in restatements by tightening financial reporting and audit rules, CAQ said.

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NFRA report flags audit lapses at PwC firms, highlights related party transaction and independence concerns; firms commit to improvements

CFO News

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.