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
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.
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.
Adequate financialleadership has never been more critical to today’s market. Companies may face situations where hiring an interim CFO can provide immediate expertise and strategic direction. The Role of an Interim CFO An interim CFO must uphold financial stability and strategic guidance during change or doubt.
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.
Identifying and Overcoming Ethical Dilemmas in Business In the corporate world, numbers might drive decisions, but values define leadership. As a CFO your influence extends beyond financialreports and budgets. Propose additional governance measures, such as third-party audits, to demonstrate transparency.
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.
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.
In this episode of A Modern Nonprofit Podcast , Tosha Anderson sits down with Nancy Fussner, Director of Onboarding at The Charity CFO, to walk through the top five red flags that your accounting may be messier than you thinkand exactly what to do about it. Monthly financialreports should be shared with leadership on a consistent timeline.
Members’ Profile: Ronel Jooste In this edition of our CFO Spotlight series, we are featuring Ronel Jooste, a dynamic force in the worlds of finance, wellness, and leadership development. I am currently busy with my John Maxwell Leadership Trainer & Coach certifications and might pursue my Masters degree next year.
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 someone is the CFO.
Thats why one of the foundational principles of The Charity CFOFinancial Blueprint is Accounting Team : Every organization needs a skilled accounting team , minimally consisting of an accounting associate or bookkeeper and a CFO or finance director. If you want to download this blueprint, click here.
Its the trusted employees padding expense reports, the volunteer quietly redirecting donations, the longtime bookkeeper creating fake vendors. And heres the real kicker: audits dont catch most of it. Why Audits Wont Save You “The easiest way to steal? Surprise financial reviews are another essential safeguard.
A CFO who mentors intentionally protects the business, the function, and their own professional standing. Most finance teams can deliver reports. They can reconcile accounts, update forecasts, and manage audit schedules. First, the CFO mentors the wrong people. A good CFO mentor teaches decision-making under pressure.
Members Profile: Julius Katanaka In this edition of our CFO Spotlight series, we feature Julius Katanaka, Head of Finance at Wazalendo SACCO Ltd, a seasoned finance professional with a strong accounting and strategic financial management background. I aim to transition from CFO to CEO or become a consultant.
Reporting Rules That Make or Break Your Reputation Financialreporting is often thought of as the final step in the business process, the box to tick at the end of the quarter or financial year. But experienced CFOs know better. For a CFO, fluency in that language is no longer optional.
Implement a Strict Conflict of Interest Policy Every nonprofit should require board members and key leadership to disclose conflicts of interest annually. This ensures accountability and makes audits or donor inquiries easier to manage. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!
Contrary to what many people envision, a nonprofit audit doesn’t usually start with a letter from the IRS. Instead, an independent nonprofit audit is something you choose to build trust in your nonprofit organization. An audit can be a critical step for a growing nonprofit that needs to raise increasing amounts of funds.
Running the Numbers Without Running from the Truth No one sees the cracks forming in a businesss foundation quite like the CFO. This article unpacks what it truly means for a CFO to lead with integrity – not just in word, but in systems, signals, and strategic influence. Integrity also future proofs the business.
Adequate financialleadership has never been more critical to today’s market. Companies may face situations where hiring an interim CFO can provide immediate expertise and strategic direction. The Role of an Interim CFO An interim CFO must uphold financial stability and strategic guidance during change or doubt.
Adequate financialleadership has never been more critical to today’s market. Companies may face situations where hiring an interim CFO can provide immediate expertise and strategic direction. The Role of an Interim CFO An interim CFO must uphold financial stability and strategic guidance during change or doubt.
Organizations that expend over $750,000 in federal funds (increasing to $1 million in 2025) are subject to a single audit. This audit goes beyond typical financialaudits and examines programmatic compliance as well. The post What to Know Before Taking Federal Funding appeared first on The Charity CFO.
Its about creating an environment where financial professionals dont just perform tasks but actively own the outcomes. Without it, even the most brilliant CFO will find themselves patching up avoidable errors, defending late reports, and wasting energy on workarounds. The CFO sets the tone not just in strategy, but in culture.
Members’ Profile: Morgan Edevbie In this edition of our CFO Spotlight series, we are featuring Morgan Edevbie. In this blog, we delve into Morgans professional milestones, leadership philosophy, personal interests, and the advice he offers to aspiring CFOs looking to follow in his footsteps. Be responsible and accountable.
The Importance of Integrity in Leadership In the ever-evolving landscape of corporate governance, CFOs in South Africa play a pivotal role in shaping the ethical framework of their organisations. Integrity, at its core, is non-negotiable in leadership—it builds trust, fosters accountability, and drives sustainable success.
Do More With What You Have Leverage CFOLeadership Build A Strong Financial Foundation Update Your Technology Track The Right KPIs Position Your Business Effectively for Investment Companies that achieve their objectives and outperform their competitors – know how to seamlessly blend strategy and execution in the pursuit of their goals.
AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?
Clean audits in the public sector are rare. Only 41 municipalities in South Africa achieved a clean audit for 2020-21. However, there are CFOs in the public sector that are getting it right. Khan has previously worked for the Auditor General and has achieved numerous clean audits with the DTI. . Here are their top tips.
Editor’s note: Audit is much more than a compliance requirement and is definitely not a declining industry, said Narissa Chen (pictured), Partner, Head of Audit & Assurance, Forvis Mazars in Singapore. She shared with FutureCFO what a career in audit offers and how female professionals can become audit leaders.
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 and financialreporting.
Just as important, how can CFOs help address sustainability objectives as part of their overall ESG initiatives? Nelson Lim , group CFO of ST Telemedia Global Data Centres (STT GDC) , spoke to FutureCFO to elaborate on how STT GDC is addressing calls for greater emphasis on sustainability in the drive for growth. Nelson Lim.
Joining vcfo’s Houston market as a Consulting CFO is Jose Perez-Bello. Jose is a senior finance professional with more than 30 years of experience in financial management roles in manufacturing and international energy ventures. Jose is fluent in both English and Spanish. About vcfo.
Did you know the average base salary for a Chief Financial Officer (CFO) is $397,448 ? With a fractional CFO, you can reap the benefits of a full-time CFO at a significantly reduced rate while still being able to get the same level of financialleadership and insights. Prepare audits.
He will be responsible for the financial and capital management of Fraser Property’s three trusts and report to Eric Gan, the company’s previous CFO who has been promoted to become CEO of the group’s three trusts. He was previously an audit manager at PricewaterhouseCoopers LLP.
Get in Touch with Tiffany Slater and HRTailormade: Website LinkedIn: Instagram : Facebook : YouTube : TikTok : Do You Struggle to Make Sense of Your Financial Statements? The post Nonprofit HR Risks and Best Practices with Dr. Tiffany Slater appeared first on The Charity CFO.
vcfo is delighted to announce that Gary Golden has joined the vcfo Dallas team as a Consulting CFO. With a detail-oriented and results-driven work style, his forte lies in implementing effective cost control measures to uphold the organization’s financial integrity. About vcfo.
Farhaan Moolla: Innovative Leadership: The Journey of a modern and dynamic CFO Written by: Staff writer In this podcast Farhaan Moolla, a seasoned CFO with a notable career in financialleadership and strategic planning, shared his journey, beginning with his entrepreneurial family background.
In the world of manufacturing, where processes run thick and bottlenecks are known to arise, CFO services play a critical role in helping organizations steer towards efficiency, profitability, and longevity. The Evolving CFO Role in a Manufacturing Company. Using CFO Services to Overcome Challenges in Manufacturing.
Even before the pandemic, business was booming for FCFOs, as between 2019-2020 there was a , 27% increase in CFO resignations creating a CFO talent shortage that has only , gotten worse in 2020 and 2021. This is where Fractional CFOs come into play.
What happens when a business finally sees its financial picture clearly? That question is at the heart of a recent feature in MoldMaking Technology , where Michigan CFO Associates and Consulting CFO Dennis Weist were recognized for the transformational impact of fractional financialleadership at TK Mold & Engineering.
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.
These impacts will include major changes to accounting practices and financialreporting, as well as increased scrutiny of contracts, service agreements, and all leases starting now and moving forward. audited or reviewed financial statements). Read more in our blog about Lease Accounting Updates.)
Chief Financial Officer. As a financial executive, the chief financial officer (CFO) is responsible for the financial health of an organization. The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management.
Possessing interpersonal and leadership skills they are capable of managing, coaching and developing their teams of junior and senior analysts. FP&A directors supervise all aspects of the FP&A function in the company, communicate vision and provide leadership to the FP&A team.
This is the view of Georgeta Elena Precup (Moran), CPA,CGMA , Operating Partner - Acting CFO, Advisory at Beyond Podiatry , emphasising how CFOs occupy a unique vantage point, overseeing not only financial health but also strategic planning , risk management, and corporate governance.
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