Remove Auditing Remove Communication Remove Compliance Remove IFRS
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How to Prepare for a Financial Audit

CFO Share

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.) Risks of fraud or non-compliance.

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Are You Ready for "Carbon Accounting"  Compliance?

Bramasol

However, for the past couple of decades, ESG has typically consisted of producing an annual glossy Corporate Responsibility Report that discussed various initiatives in descriptive terms across areas such as energy usage, waste stream mitigation, labor practices, community programs, charitable giving, etc.

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A Fresh Look at Ongoing ESG and Carbon Accounting Developments

Bramasol

Global ESG Regulatory Requirements One of the major ESG compliance developments to watch is the US Securities and Exchange Commission (SEC) proposed regulation on Climate-Related Disclosures and ESG Investing. IFRS S1 requires companies to communicate the sustainability risks and opportunities they face over the short, medium, and long term.

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Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

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.

Finance 95
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Turning challenges into opportunities: being a financial controller in 2024

Future CFO

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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TEST Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

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.

Finance 52
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10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

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. Automated reporting also enforces compliance with GAAP and IFRS standards. Cube is probably best used by tech-savvy companies.