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
The CFO Confessional: Bless Me, Market, For I Have Sinned When a corporate scandal breaks, it sends shockwaves far beyond the headlines. Stakeholders lose faith, employees question their future, and market confidence deteriorates. Restoring Investor and Market Confidence Markets respond to consistency and predictability.
They are focusing on driving growth and efficiency to help their companies move faster, benefiting both top line revenue and operational performance,” says Tarek Ebeid, KPMG Private Leader and Partner in Charge – Audit Practice at KPMG US. You can unsubscribe at anytime. Most Popular Intel alum to get $1.9M Registered in England and Wales.
For CFOs, these challenges can come from external pressures like market demands or internal dynamics such as stakeholder expectations. Escalate concerns to the audit committee or external advisors if internal discussions don’t resolve the issue. How to Handle It: Immediately report the matter to the compliance or legal team.
Discover how SAP solutions lay a solid foundation for audits and next level PCAOB or AICPA compliance reviews. While passing each audit is a critically important milestone, companies also should understand that it is only one aspect of ensuring their financial transparency and integrity.
However, with this growth comes the critical task of maintaining legal and financial compliance. For those daring enough to embark on this journey, mastering Entrepreneurial Compliance Strategies is not just a necessityit’s a catalyst for sustainable growth and success.
The platform provides reliable AI support to finance heads, addressing demands with powerful capabilities, built-in compliance, and full transparency into every action it takes, as CFOs and treasury teams face an evolving mix of complex data, unpredictable market conditions, and increasing regulatory pressure.
Venture capital funding landed at supplier payment and compliance automation firms this week, among other B2B innovators that raised money. Eclypsium will harness the infusion for growth, while it plans to keep building out the functions of its platform to handle heightened market demand. million Madrona Venture Group-led seed round.
In this Insights news post we provide an updated look at the four key areas of AI, Cloud, Compliance and Sustainability. Once again the move into a new year offers an excellent opportunity to look at the trends that will dominate business technologies in 2025.
Certainly, 2024 was a difficult year, because of volatility in the end markets. We are winning market share from the competition. There is more of an accountant, who comes from the audit function, which I think is more about compliance and implementing standards but has less business interaction.
Some businesses fail to undergo the routine audits they need to assess their systems’ security, and others do not want to — or cannot — spend the money it takes to upgrade them. Working with payments orchestration providers can help firms like these address their systems’ security flaws by taking on the compliance burden.
Companies are estimated to reduce annual compliance training by 50% by 2025, said Gartner recently. Many compliance leaders are dissatisfied with the effectiveness of their existing program activities,” said Chris Audet, senior director, research in the Gartner Legal, Risk & Compliance practice.
Along with renewing their registration annually (for both SEC- and state-registered firms), firms face a variety of requirements related to their internal finances, fees, marketing activities, and advisor agreements depending on whether they are SEC- or state-registered. Compliance policies and procedures manual. Author: Chris Stanley.
Mike Tang, CFA, CPA, is an audit partner at KPMG China specializing in leading capital market engagements. He is a practising CPA with work experience across different cities in the Greater Bay Area (GBA), serving clients in technology, biotech, real estate, and consumer markets.
Cloud-based financial systems have improved collaboration, making data more accessible while ensuring compliance with evolving regulations." For example, if you ask a free AI model like ChatGPT about yesterdays market trends, it may only provide information based on its last training update."
Previous episodes in this Insights Series have explored the challenges created by new Digital Solutions Economy paradigms for billing, fulfillment, invoicing, revenue accounting, and compliance across a wide range of industries. Also, diversification of services offered can help mitigate risk and strengthen revenue streams.
She further suggests the importance of setting up objectives that encompass cost efficiency, standardisation, enhanced compliance, talent optimisation, and readiness for automation and AI integration. A proactive approach to risk management, coupled with established compliance protocols, will safeguard organisational integrity.
Asset acquisitions, market entries, and decentralised operations demand more than technical expertise, as they require navigation around fragmented regulations, cultural complexities, and resource constraints while ensuring agility and compliance. Serve as a liaison between sales and compliance teams," Kozlov says.
A new study from the Chinese University of Hong Kong (CUHK) Business School found that the smart contract auditmarket is thriving, with new technical audit firms leading this. The research provides valuable insights into the factors driving the growth of this market and the role of audits in mitigating risks for investors.
Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Analysts agree that a company should work with partners, advisors and technologies that can help them manage their compliance demand across borders. There are also an “extremely high number” of tax rules.
Usually, the auditing workflow involves looking at expense reports filed by employees, with a focus on identifying potentially erroneous or even fraudulent transactions. Digitizing and centralizing spend across various departments and workflows is the first step to enhancing the auditing process, said McCrossan.
As this blog series continues to explore optimizing quote-to-cash (QTC) to compliance for different industries, in this episode we dive into the special challenges faced by companies in the telecom sector and address how solutions in the SAP portfolio help overcome them.
In this new post, we get more granular to provide an update on how AI and Gen AI can enhance productivity, insights, and results in finance applications such as order-to-cash to compliance (OTC 2 ), along with a look at how new SAP AI initiatives are key to this transformation. to drive financial models.
Listed companies (on the stock exchange) They must meet strict financial disclosure rules, often set by stock market regulators like the JSE (Johannesburg Stock Exchange). Knowing the specific rules for your industry helps you prepare in advance and avoid compliance issues.
Data Governance : Establishing frameworks for data security, compliance, and lineage, vital for regulatory adherence and exit due diligence. Data Contextualization : Enriching data with business contextlike customer behavior or market trendsto make AI insights actionable for growth strategies.
Tightening regulations have introduced loftier compliance burdens to global supply chains, made even more complex and challenging as companies do business with thousands of vendors across borders. The burden of regulatory compliance came to a head in the U.S. regulations, even if a vendor is not in the U.S.
Creating a Career Destination: Why Top Finance Talent Should Want to Work for You In todays talent market, offering a good job isnt enough. The professionals you really want the ones who understand both compliance and strategy, who can hold their own in front of auditors, and who arent afraid to challenge the numbers theyre in demand.
Scenario analysis : Organisations as part of the future appraisal of new ventures and projects will incorporate scenario analysis to assess the potential impacts of different climate change scenarios on their operations, supply chains, and markets. The post Delivering value beyond compliance with ESG reporting appeared first on FutureCFO.
Additionally, I worked for a South African company that exported its products internationally, giving me exposure to the complexities of global trade and compliance. What stood out to me most in these experiences is the importance of adaptability and cultural awareness.
This shift demands that billers stay informed and proactive, as compliance and efficiency heavily depend on understanding complex regulations and effectively leveraging service providers. Government Mandates: Clearance models help governments ensure compliance and improve tax collection through real-time transaction monitoring.
Global full-cycle verification provider Sumsub received full regulatory compliance approval for its non-doc identity verification solution following a regulatory-led audit conducted by FINTRAIL, a global-consultancy specialising in financial crime risk management and regulatory compliance.
For mid-market and enterprise companies, as well as those in the Private Equity space, maintaining these protections is crucial due to the vast amounts of sensitive data they manage. Our recent achievement of SOC 2 compliance underscores our commitment to providing clients with the highest level of data security and privacy.
Firms auditing expenses through manual processes and outdated technologies risk missing the chance to flag erroneous or fraudulent submissions from vendors and employees. Deploying technology — especially artificial intelligence (AI) — can streamline the auditing process and boost cost savings significantly.
Asia’s ESG journey BlackLine regional vice-president for Asia, Nikhil Parambath , says Asia's business leaders are focusing on strategic initiatives for long-term growth, with an increasing emphasis on ESG compliance to build trust among stakeholders.
What is IFRS Compliance? For multinational companies, compliance with IFRS is often not just a choice but a requirement. If an investor in Japan wants to invest in a UK-based firm, IFRS compliance reassures them that they can trust the numbers in the financial statements. But what does it really mean to be IFRS-compliant?
Whether it is turning a profit, restoring market confidence, or rebalancing cash flow, the big milestones can take months or even years to fully realise. Every improved margin, every clean audit, every accurate forecast is a chance to reset the narrative—from “we’re in trouble” to “we’re getting there.” What Counts as a Small Win?
These benefits segue into ROI-boosting outcomes like better accuracy, reduced operational costs, compliance peace of mind, and real-time insights that support better decision-making. We’ve all seen the potential available within ChatGPT, and as more providers develop their own tools you can expect to see more solutions on the market soon.
Treading along the rapidly changing market has been proven to be not the easiest task, especially after the COVID-19 pandemic when all sectors and industries were altered. Good audit equates to less time wasted, as some leaders recount that 'time is money'. Moreover, results from the audit process should be released in a timely manner.
Effective strategies such as comprehensive spend audits, vendor consolidation, and leveraging predictive analytics for vendor negotiations can achieve 20% or more cost reductions, directly enhancing capital efficiency. Improved supply chain visibility, cost efficiencies, and margin expansion are key outcomes.
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.
Our methodology is rooted in financial rigor and operational discipline, combining detailed audits, vendor negotiations, and real-time data intelligence to deliver meaningful, sustained results. Every contract, invoice, and service is verified for accuracy, compliance, and relevance.
Steps for Standardization: Conduct an audit of existing financial reporting and ERP systems in both organizations. Regulatory Compliance : Uniform financial data helps maintain compliance with healthcare regulations. Leadership should set the tone at the top, emphasizing the importance of internal controls and compliance.
In South Africas business environment, where public trust is fragile, regulatory compliance is non-negotiable, and financial transparency is a competitive advantage, the CFO plays a crucial role in shaping whether a company is seen as credible, ethical, and stable. The best CFOs do not just focus on clean audits.
The EU AI Act which lays the foundations for the regulation of artificial intelligence , seeking to improve the functioning of the internal market and promote the uptake of human-centric and trustworthy AI. While compliance will be a challenge, Joseph says some countries are better positioned than others.
For mid-market and enterprise companies, as well as those in the Private Equity space, maintaining these protections is crucial due to the vast amounts of sensitive data they manage. Our recent achievement of SOC 2 compliance underscores our commitment to providing clients with the highest level of data security and privacy.
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