PYMNTS

OCTOBER 9, 2020

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.

Compliance 107

Compliance Auditing Accounts Payable Valuation 107

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.

Auditing 52

Auditing Communication Construction Leverage 52

PYMNTS

MAY 4, 2020

Despite an audit that raised questions about operations at Wirecard, a publicly traded financial services provider based in Munich, its CEO has ignored calls to resign. The survey by KPMG, a global auditing firm, criticized the company’s lack of transparency and cooperation. The company employs 5,300 workers.

Auditing 64

Auditing Compliance Economics Planning 64

Future CFO

MARCH 21, 2022

The top challenge for internal audit leaders this year is how they can attract talent with nontraditional skills, said Gartner recently. 57% of chief audit executives said that attracting talent with nontraditional skills was an important or extremely important issue for them in 2022. Survey highlights.

Auditing 52

Auditing Technology Planning Marketing 52

CFO News

MARCH 3, 2024

The National Financial Reporting Authority (NFRA) plans to conduct annual inspections of major audit firms to ensure compliance with standards and protect investors. The regulator will engage with audit committees and boards, expand inspections, and address issues related to financial statements and auditor independence.

Auditing 52

Auditing Compliance Financial Reporting Planning 52

Future CFO

NOVEMBER 20, 2022

Cyberthreats and IT governance are among the top concerns of auditors in 2023, said Gartner recently when releasing the Gartner 2023 Audit Plan Hot Spots Report. The post What are top concerns of auditors in 2023? appeared first on FutureCFO.

Auditing 98

Auditing Risk Management Compliance Economics 98

Future CFO

MARCH 28, 2021

The internal audit function faced both declining budgets and a significantly expanded workload in 2020, according to Gartner survey of 299 internal audit organisations in 2020. The obvious implication, if the picture doesn’t become more balanced, is that audit leaders will have to make tough coverage trade-off decisions.”

Auditing 52

Auditing Budgeting Banking Securities 52

Spreadym

JULY 6, 2023

Before moving on to consider what the pros and cons of Business Continuity Planning are, let's learn what it is. Business Continuity Planning is a proactive approach taken by organizations to ensure their essential functions and operations can continue or be quickly restored in the event of a disruption or disaster.

Planning 52

Planning Prioritization Compliance Communication 52

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). By managing and planning finances, you can maximize the return of your activities. Good investment and funding opportunities may be lost.

Planning 52

Planning Auditing Nonprofit Accounts Payable 52

PYMNTS

SEPTEMBER 10, 2019

9) with plans to strengthen its artificial intelligence capabilities. Earlier this year AppZen announced the expansion of its product offering, adding a feature that allows businesses to automate accounts payable spend analysis and vendor invoice auditing.

Auditing 43

Auditing Accounts Payable Invoicing Compliance 43

Beacon CFO Plus

NOVEMBER 30, 2023

Define Roles and Responsibilities: The CFO typically focuses on financial strategy, planning, and management, while the accounting firm handles compliance, audits, and financial reporting. The CFO should work closely with the accounting firm to provide the necessary information for audits and reporting.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 52

CFO Plans

MAY 2, 2024

Evaluating Security and Compliance When it comes to financial data, security and compliance are non-negotiable. Your accounting partner should have robust measures in place to protect your sensitive information, including encrypted data storage, secure communication channels, and regular security audits.

Accounting 52

Accounting Problem Solving Communication Compliance 52

CFO Share

APRIL 5, 2022

With audits ramping up and penalties exceeding $100,000, understanding sales and use tax is essential. The cost of sales tax non-compliance. Worst-case scenario, the state or municipality issues a tax audit and assessment, creating severe financial distress in the business. . Sales tax compliance services.

Sales 98

Sales Auditing Compliance Tax Planning 98

CFO Leadership

OCTOBER 10, 2023

AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. As AI permeates finance, questions about its compliance with audits and financial governance will arise.

Finance 95

Finance Accounting Auditing IFRS 95

Future CFO

JANUARY 26, 2024

AI-powered tools can streamline the processing of these reports by automatically verifying receipts, categorising expenses, and ensuring compliance with company policies. This enables organisations to optimise their working capital, make informed financial decisions, and plan for any potential cash flow challenges.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Accounting Invoicing 52

VCFO

FEBRUARY 15, 2023

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. She had complete ownership of financials, reporting, auditing, and compliance for all entities.

Auditing 52

Auditing CFO Risk Management Budgeting 52

The Charity CFO

APRIL 19, 2022

Other times they may be a result of unexpected events or poor planning. Red Flag #2: Hidden Compliance Issues. When most nonprofits think about ‘accounting issues,’ they’re concerned about poorly prepared financial reports, bookkeeping errors, gaps in communication with funders, bad audits and a million more things in this vein.

Nonprofit 98

Nonprofit Auditing Compliance Accounting 98

Future CFO

MAY 2, 2024

The third annual 2024 ESG Practitioner Survey polled more than 2,000 people involved in corporate reporting, including finance and accounting, sustainability, risk, and internal audit professionals across North America, Europe, and Asia. “The Assured integrated reporting is about more than compliance," says Volpe. "It

Compliance 52

Compliance Auditing Budgeting Leverage 52

CFO Leadership

OCTOBER 18, 2023

AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. As AI permeates finance, questions about its compliance with audits and financial governance will arise.

Finance 52

Finance Accounting Auditing IFRS 52

CFO Talks

MARCH 20, 2024

It’s about making plans for the company’s financial future and finding ways to make the business better. 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, however, looks at the bigger picture.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

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.

Nonprofit 52

Nonprofit Compliance Accounting Standards Budgeting 52

Future CFO

AUGUST 2, 2020

Excel remains the de facto standard for planning – users can quickly, cost-effectively and independently conduct budgeting, and forecasting. At the same time, the disadvantages are unavoidable – prone to errors, time-consuming, lacking in modern data security & compliance standards, and often become simply unmaintainable over time.

Planning 40

Planning Reconciliations Budgeting Auditing 40

PYMNTS

MAY 1, 2020

The Media Rating Council (MRC) review found that the California-based social media giant has failed to address advertisers’ concerns arising from an Ernst & Young audit over how it measures and reports data about video advertisements. . These exchanges are part of the audit process,” Facebook said. “We

Advertising 93

Advertising Auditing Compliance Accounting 93

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. IT Governance.

Auditing 75

Auditing Economics Communication Planning 75

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. If they can’t provide good answers, it may be time to switch.

Nonprofit 52

Nonprofit Benchmarking Auditing Compliance 52

Future CFO

DECEMBER 31, 2019

As organisations continue to collect customer and employee data, chief audit executives (CAEs) are increasingly concerned about how to govern and protect it, noted Gartner. Continuous monitoring and right-to-audit contract provisions can help ensure that third parties adhere to an organisation’s protocols around data use and behaviour.

Auditing 52

Auditing Risk Management Budgeting Compliance 52

Boston Startup CFO

APRIL 3, 2023

Additionally, you open yourself up to compliance and audit issues, and you’ll potentially decrease your chances of securing funding and financing. Adopting innovative solutions tailored to industry-specific accounting needs will streamline operations and enhance compliance and decision-making capabilities.

Accounting 52

Accounting Accounting Principles GAAP Startups 52

The Charity CFO

MAY 31, 2022

On the other hand, a poorly managed nonprofit will have little money in the bank, few other assets, an accumulation of debt with no clear plan to repay it, and a ballooning accounts payable balance. To fully grasp your nonprofit finances, you need to start to understand the major compliance requirements that impact your organization. .

Nonprofit 98

Nonprofit Finance Auditing Accounts Payable 98

CFO News Room

DECEMBER 16, 2022

The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management. Financial managers are responsible for developing long-term financial plans, directing investment activities, and generating financial reports for their company.

Finance 130

Finance Budgeting Compliance Financial Analyst 130

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.

Leadership 98

Leadership IFRS Finance Communication 98

Bramasol

JULY 22, 2023

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 87

IFRS Accounting SAP Compliance 87

PYMNTS

JUNE 11, 2020

On top of that burden, said Hampton, compliance and regulatory requirements for corporates continue to shift and must take precedence within firms’ financial strategy development. “All of this has come into play in the last couple of months.” “All of this has come into play in the last couple of months.”

Economics 77

Economics Accounting Auditing Forecasting 77

The Charity CFO

APRIL 18, 2024

These challenges include financial issues, data security compliance, and talent retention problems. Compliance with Evolving Regulations Nonprofits are no strangers to regulatory and compliance issues. Audit and adjust technology and data practices based on current cybersecurity best practices. 2024 will be no different.

Nonprofit 52

Nonprofit Compliance CFO Leverage 52

The Charity CFO

JANUARY 11, 2023

Revenue recognition for nonprofits may seem fairly straightforward, but has unique complexities with important compliance consequences. All these sources must be carefully managed to ensure compliance with Generally Accepted Accounting Principles (GAAP) and guidelines. Undergo annual financial audits. Receive grants.

Nonprofit 52

Nonprofit GAAP Accounting Principles Auditing 52

https://trustedcfosolutions.com/feed/

JULY 19, 2022

It is not a full enterprise resource planning solution. Sage Intacct has completed SSAE 18 SOC 1 Type II, SOC 2 Type II, and ISO27001 audits. Manage multiple currencies and leverage automated compliance processes for your financial regulations. Capture accurate, consistent visibility into every account, entity, and location.

Accounts Payable 113

Accounts Payable Auditing Compliance Accounting 113

PYMNTS

OCTOBER 30, 2020

Slow compliance checks and sluggish processing times are commonplace, especially on the legacy systems still used by many banks around the world. Automating Compliance. Cash payments are quickly falling to the wayside, with only 26 percent of all U.S. consumer purchases made with cash. Automating Dispute Resolutions.

Compliance 91

Compliance Entertainment Auditing Banking 91

CFO News Room

NOVEMBER 2, 2022

But by being aware of the varying requirements and filing documents in an accurate and timely manner, new firms can navigate their way through the registration process and (finally) begin offering planning services to clients! Compliance policies and procedures manual. Author: Chris Stanley. Guest Contributor. Net capital worksheet.

Compliance 130

Compliance GAAP Investments Advertising 130