CFO Leadership

OCTOBER 10, 2023

They can generate, drafts for presentations, emails, and reports, saving employees time and effort on routine tasks. Using these AI tools in their current state in sensitive areas like finance and accounting raises security concerns. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Finance 95

Finance Accounting Auditing IFRS 95

Future CFO

SEPTEMBER 14, 2020

Given that auditors are required to offer unbiased opinions about the financial statements of companies that they audit, the lack of auditor independence can severely compromise the quality of the auditors’ work. . This should improve the overall quality of the audit. These lower costs benefit both parties.

Auditing 52

Auditing Accounting Valuation Education 52

The Charity CFO

APRIL 18, 2024

These challenges include financial issues, data security compliance, and talent retention problems. Financial Sustainability For nonprofits, financial sustainability means the financial security to cover expenses and advance your mission. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit Compliance CFO Leverage 52

The Finance Weekly

JULY 28, 2022

One of Vena’s customers, , Verra Mobility , claimed that Vena misled them into believing that the Soc 1 Type II report that Verra was given had been audited by an independent auditor. This is a financial reporting tool utilized in performing certain control activities. Establishing Trust With SOC Reports.

Auditing 52

Auditing Compliance Budgeting Securities 52

VCFO

FEBRUARY 15, 2023

She is highly effective at executing finance function strategically, establishing financial and risk controls, and overseeing capital structure. Lee Ann’s depth and breadth of expertise includes board reporting, audit preparation, business plan development, market research and analysis, risk management, and capital requirements.

Auditing 52

Auditing CFO Risk Management Budgeting 52

CFO News Room

DECEMBER 16, 2022

Job security is always a concern when choosing a career, but some fields are more recession-proof than others. After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes. Chief Compliance Officer. Financial Examiner. Average salary: $114,832 per year.

Finance 130

Finance Budgeting Compliance Financial Analyst 130

The Charity CFO

DECEMBER 8, 2022

Because accurate nonprofit accounting can help with reporting and auditing requirements, and ensure that the funds are being used in accordance with the grantor’s wishes. Establishing sound internal controls is essential for ensuring the financial security, accuracy, and completeness of your records related to grants.

Accounting 52

Accounting Nonprofit Auditing Compliance 52

CFO Leadership

OCTOBER 18, 2023

They can generate, drafts for presentations, emails, and reports, saving employees time and effort on routine tasks. Using these AI tools in their current state in sensitive areas like finance and accounting raises security concerns. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Finance 52

Finance Accounting Auditing IFRS 52

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.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

Bramasol

JULY 22, 2023

This new update focuses on the progress of regulatory requirements and software solutions for tangible accounting and reporting of ESG, along with a look at how ESG management can help drive corporate value. The CSRD is part of the EU’s European Green Deal and the Sustainable Finance Agenda.

IFRS 87

IFRS Accounting SAP Compliance 87

The Charity CFO

JULY 17, 2023

While this may be easy, it can also result in missing out on critical tax savings or, worse, exposing your organization to an audit for breaking the rules. Understand Compliance Needs Compliance is an often underrated key to a thriving nonprofit. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit Benchmarking Auditing Compliance 52

The Charity CFO

APRIL 1, 2024

Your nonprofit accounting setup needs to be able to meet tax and legal regulation and reporting requirements so you stay in compliance and retain the public’s trust. All of your financial data lives securely in the cloud, which also means you can access it from anywhere with a secure connection. Get the free guide!

Nonprofit 52

Nonprofit Accounting CFO Accounts Payable 52

CFO News Room

NOVEMBER 2, 2022

In the United States, Registered Investment Advisers (RIAs) are required to register in one of 2 ways: with the Federal government (namely the SEC) or with one (or more) state securities regulatory agencies. Compliance policies and procedures manual. Financial-records-disclosure authorization form. Author: Chris Stanley.

Compliance 130

Compliance GAAP Investments Advertising 130

The Finance Weekly

OCTOBER 31, 2021

Many of the same financial issues that profit-seeking enterprises face, such as increasing revenue, managing audits, and dealing with compliance, encounter non-profit organizations (NPOs). At the very least, you must have transparent financial reporting. 4 Steps NPOs can do to improve their financial planning.

Planning 52

Planning Auditing Nonprofit Accounts Payable 52

CFO Leadership

OCTOBER 10, 2023

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. What data governance, privacy and security procedures do we have in place or need? Where is that data located?

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

The Charity CFO

MAY 11, 2023

As regulations surrounding nonprofits can be incredibly complex, expert guidance on financial matters, including compliance with tax laws and regulations, is key. Security Concerns The financial data of an organization is incredibly sensitive. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

The Charity CFO

OCTOBER 4, 2022

They also develop and implement operational procedures and systems and manage budgets and financial reports. And the networks and systems that keep those people aligned take organization, security, and maintenance. Ensure Compliance and Organization. In short, they ensure that the nonprofit runs like a well-oiled machine!

Nonprofit 98

Nonprofit Budgeting Compliance CFO 98

Michigan CFO

SEPTEMBER 29, 2021

For businesses that must adhere to specific data security compliance standards, going digital can help simplify the process with the help of a CFO to ensure accuracy. Additionally, CFOs can help oversee the implementation of accounting and reporting systems that help businesses gain deeper insights into their core metrics.

Manufacturing 52

Manufacturing CFO Compliance Forecasting 52

CFO Talks

MARCH 14, 2024

The position of Chief Financial Officer has evolved significantly over the past few decades. No longer confined to the guardianship of financial reporting and compliance, modern CFOs are now pivotal strategists and advisors at the heart of corporate decision-making. Delegation and Empowerment: No CFO can do it all alone.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

PYMNTS

JULY 5, 2017

“Although security is one of the biggest concerns for organizations that consider the move to the cloud, I believe that the cloud can be secured better than on-premise solutions.” ” The mobility of cloud-based reporting tools, too, can bring a new level of ease for the C-Suite, he added.

Financial Data 52

Financial Data Auditing Financial Reporting CFO 52

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have. What is financial reporting software?

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) CFO Accounting Standards 52

Future CFO

AUGUST 30, 2021

According to Payscale.com , skills such as leadership, and financial reporting and strategic planning, won’t elevate your take-home pay much. What makes for a sought-after chief finance professional (CFO)? These days, strong computer skills, as are advanced knowledge of accounting, budgeting, and finances.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance CFO Problem Solving 52

PYMNTS

JANUARY 9, 2019

Separate reports from The Wall Street Journal ( WSJ ), published last April, also demonstrated the changing nature of corporate finance: While the Big Four accounting firms’ advisory and consulting revenue jumped by a combined 44 percent since 2012, revenue from straightforward auditing for the firms rose just 3 percent in that time.

Accounting 71

Accounting Corporate Finance Accounting Firms Auditing 71

CFO Simplified

JANUARY 5, 2024

The difficulty is that often an office manager, or senior member of the accounting team is responsible for maintaining the financial security of the firm with little or no oversight. Failure to promptly reconcile and monitor trust accounts may result in non-compliance with legal and ethical standards.

Auditing 52

Auditing Reconciliations Compliance Securities 52

The Charity CFO

JANUARY 19, 2023

The goal is to create an accurate and comprehensive record of all transactions that can be used for both internal and external reporting, including audits and tax returns. Implement Internal Controls To ensure compliance with accounting standards, you must have proper internal controls in place.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

Future CFO

FEBRUARY 22, 2024

The financial landscape is evolving at breakneck speed, driven by big data, globalisation, and digitisation. The pressure on finance leaders to deliver strategic insights and ensure compliance is mounting in this dynamic environment. CFOs can drill deeper into their insights into areas like ESG metrics and potential compliance risks.

Financial Planning and Analysis (FP&A) 97

Financial Planning and Analysis (FP&A) Finance Compliance SAP 97

The Charity CFO

APRIL 25, 2024

Categorizing transactions, reporting income, and meeting compliance requirements can be overwhelming. In this case study, we’ll explore real stories of nonprofits who have transformed their organizations by using technology to streamline their financial infrastructure. What is the actual goal in a nonprofit accounting setup?

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

Bramasol

MARCH 24, 2022

This important issue was previously explored last year in Are You Ready for "Carbon Accounting" Compliance? Among the biggest developments is a new proposed rule from the Securities and Exchange Commission (SEC) that was published on March 21, 2022 for public comment over the next 60 days. According to CFO.com , "The staff of the U.S.

Accounting 81

Accounting SAP Analyzing Data IFRS 81

Jedox Finance

JULY 11, 2023

Jochen Heßler, Senior Director, Product Management, Jedox Environmental, social, and governance (ESG) has emerged as an important initiative for organizations worldwide as they strive to implement sustainable practices, achieve compliance, and demonstrate substantive value to customers, employees, and investors.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Compliance Profit and Loss 52

The Charity CFO

MAY 6, 2022

You could even find yourself in worse shape than if you’d never secured the funding. Your financial system must be in good working order before you even consider applying for federal funding. In fact, the government places very rigorous financial reporting requirements on organizations that receive federal funding.

Nonprofit 119

Nonprofit Auditing CFO Financial Systems 119

The Charity CFO

MARCH 25, 2024

However, learning grant writing skills can help your organization secure new funding sources and earn more grants. If you apply for grants that don’t align with your mission, you’re unlikely to secure funds. Being open, honest, and transparent in your grant application can go a long way in securing funding. Get the free guide!

Nonprofit 52

Nonprofit CFO Auditing Securities 52

The Finance Weekly

APRIL 28, 2024

Also, the subscription service comes with cool features such as follows: Keeping tabs on inventory Sorting out your books Sending out invoices smoothly Managing payroll Dishing out financial reports Linking up with other apps for a seamless workflow Plus, you can share access with different permissions for your team.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Invoicing Budgeting Finance 52

The Finance Weekly

APRIL 13, 2024

This includes tracking past financial activities, ensuring compliance and reporting, as well as forecasting future financial scenarios for better budgeting. Drill-down and audit control allow each finance team to understand and control every aspect of their budget and forecast.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

Future CFO

JUNE 3, 2021

What ESG reporting involves ESG reporting involves a wide array of metrics, requiring organisations to establish policies and implement effective processes and internal controls that will generate reliable information for decision-making, according to Internal Audit’s Role in ESG Reporting, the latest report by IIA. .

Auditing 40

Auditing Compliance Financial Reporting Securities 40

The Finance Weekly

JULY 19, 2022

FP&A teams are responsible for a variety of activities, including periodic financial close and consolidations, strategic and annual planning, monthly forecasting, cash flow forecasting, financial reporting, financial modeling, and what-if scenario planning and analysis. Strategic financial planning.

Financial Planning and Analysis (FP&A) 96

Financial Planning and Analysis (FP&A) Budgeting Forecasting Finance 96

Barry Ritholtz

APRIL 25, 2023

Brian Hamburger has been one of the leading authorities in the world of registered investment advisories, broker-dealers, SEC regulatory compliance. And I would constantly hear them frustrated by the compliance department. HAMBURGER: They were just blaming compliance for everything they couldn’t do. RITHOLTZ: Right.

Mergers and Acquisitions (M&A) 60

Mergers and Acquisitions (M&A) Compliance Investments Finance 60

Onplan

NOVEMBER 30, 2022

Adaptive is one option companies use for modeling, budgeting, forecasting, and financial reporting. In addition to offering financial and sales planning solutions, Workday Adaptive also caters to workforce and operational planning needs. Size constraints that can impact usability and even security.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 52