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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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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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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E78 Partners

SEPTEMBER 21, 2023

Audits, while essential for maintaining the integrity and trustworthiness of an organization’s financial reporting, can be a daunting task. This is not just because of the intricacies and specificities required by the auditing standards but also due to the numerous challenges faced by organizations in the run-up to an audit.

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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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CFO Talks

FEBRUARY 10, 2023

Stiles CFO Lili Grobler on what her auditing degree didn’t teach her Lili Grobler is the CFO of Stiles since 2016, a growing business based in George. In a corporate auditing firm, theoretically you only apply legislation and it’s like a ticking exercise, you did this, you didn’t do that.

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Accountancy Today

DECEMBER 21, 2022

The proposed standard includes principles-based requirements that would apply to all methods of confirmation, including paper-based and electronic communications. The Public Company Accounting Oversight Board (PCAOB) has proposed a new standard for auditors use of confirmation which is aimed at modernising the process.

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CFO Plans

MAY 2, 2024

Assessing Communication and Collaboration Effective communication and collaboration are key to a successful partnership. Look for an accounting partner that values open communication, responsiveness, and proactive problem-solving. Selecting the right accounting partner is a critical decision for any CFO.

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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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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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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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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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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. This ensures your company’s financial and accounting needs are met effectively.

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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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CFO Leadership

OCTOBER 10, 2023

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. As AI permeates finance, questions about its compliance with audits and financial governance will arise.

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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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CFO Thought Leader

APRIL 16, 2024

Kicking off his career fresh out of school, Udit Tibrewal joined the audit practice of PricewaterhouseCoopers (PwC) in New Delhi, where he set about learning the intricate workings of financial compliance. Cultivate strong communication skills, foster collaboration across teams, and always prioritize integrity in decision-making.

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Future CFO

MAY 5, 2024

Finance professionals must invest in education and training to critically evaluate AI outputs, communicate clearly with key stakeholders, and make informed decisions. ACCA urges finance professionals to ensure that AI governance and AI risk management is in place, beginning with investing in AI literacy and skills development.

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Future CFO

DECEMBER 21, 2023

Bring clarity and communicate organisation objectives. Risk appetite needs to be communicated internally and externally. Encourage / facilitate senior leadership teams to undertake ‘deep dive’ reviews on key risks, using audit and risk committees as appropriate.

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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

MAY 1, 2024

As they assist in compliance audits and the monitoring of internal controls to ensure that everyone within the company does their job correctly, they are also expected to thrive and flourish amid the challenges along the way for the benefit of the organisation.

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CFO Talks

MARCH 20, 2024

Example: When it’s time for an audit, the Controller is hands-on, working directly with the auditors, showing them the books, and explaining the details. The CFO, on the other hand, talks strategy with the audit partner and handles any big issues that pop up. Leave the daily grind to the Controller and trust your team.

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Spreadym

MARCH 9, 2023

Reporting and Visualization Excel provides limited reporting and visualization capabilities, which can make it difficult to effectively communicate the result of your budgeting and planning to stakeholders.

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VCFO

APRIL 27, 2023

He provides exceptional leadership, communication, and mentoring skills, proven effective across multiple business platforms and company cultures. After he graduated, he went to work as an audit manager for Deloitte, Haskins & Sells (now Deloitte). He earned his CPA license and was promoted twice in four years.

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CFO Leadership

OCTOBER 18, 2023

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. As AI permeates finance, questions about its compliance with audits and financial governance will arise.

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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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The Finance Weekly

APRIL 21, 2024

Communicate with clients, investors, senior management, and stakeholders. Facilitate risk management, audits, and research. Great CFOs create open lines of communication with each board member, nurturing trust-based connections crucial for meeting the board's expectations. Address accounting and finance issues.

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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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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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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.

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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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CFO News Room

JANUARY 18, 2023

Tailoring communications and incentives to motivate allyship, for example, by recognizing and giving visibility to allies on internal platforms and company websites. This includes being more transparent about how they are using AI, publicizing their audit data, and giving employees and candidates the choice to opt out from AI-led processes.

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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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Fpanda Club

SEPTEMBER 2, 2021

Performance management is a range of practices which a company uses to measure its performance and communicate results. However, interpersonal and communication skills are equally important, especially today when we are witnessing a huge shift of the FP&A organization towards business partnership model.

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Future CFO

JANUARY 11, 2023

She has leveraged technology to increase competitiveness, and has extensive experience in effective, transparent communication with stakeholders and investors, and in managing complex M&A, audit and risk, the company added. More People Moves stories The post EY announces global CFO appointment appeared first on FutureCFO.

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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. Communication Challenges As part of your diligence in selecting the right provider, you’ll need to consider what your communication preferences are, for both you and your staff.

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CFO Talks

OCTOBER 4, 2022

I’ve served on boards of companies with a CEO who had no trouble with me asking the CFO for more insight about this number or that, and the CFO himself would have no difficulty interrupting management meetings to clarify a point if it wasn’t quite what he’d understood during audit-committee meetings.” . “I

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