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A finance leader's guide for successful audit

Future CFO

In today's fast-paced world, creating an effective audit procedure is critical for companies to remain competitive and adhere to evolving regulations. Through this, companies can be certain their audits are completed accurately and quickly.

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Hybrid auditing: How audit leaders can transform processes to tackle challenges

Future CFO

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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Frances Lawrence, CFO, FISCAL Technologies

CFO News Room

When Frances Lawrence was first brought in as Financial Director at software company FISCAL Technologies in 2019, the business was in real need of working capital to accelerate the growth curve. . Frances’ beginnings at FISCAL Technologies. The post Frances Lawrence, CFO, FISCAL Technologies appeared first on GENCFO.

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The top priorities for chief audit executives in 2023

Future CFO

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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Auditing and accounting talent shortage remain a top issue

Future CFO

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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Modernising finance reporting in support of ESG

Future CFO

Efforts to standardise reporting practices are also underway, and we see firms investing in technology to enhance their disclosure capabilities. Now, with AI and automation, this has presented even more possibilities to make the audit process less tedious,” he opines.

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Accountancy profession faces declining number of entrants

Future CFO

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. Embrace technology to remain relevant. Invest in technologies to ease workloads.

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