CFO Thought Leader

APRIL 30, 2024

From his early days in auditing at PwC to his current role as CFO at Prophix, Aaron Levine has had a career that has closely tracked the evolving nature of the financial leadership role. His journey has been marked by a series of strategic transitions and expansions of his skill set that illustrate the broadening […]

CFO 52

CFO Financial Planning and Analysis (FP&A) Leadership Auditing 52

Accountancy Today

JULY 15, 2022

UK company insolvencies have jumped 70%, from 11,261 to 19,191 in the last year according to Mazars, the international audit, tax and advisory firm. Latest figures show UK inflation hit a 40 year high of 9% in April and this is expected to rise to more than 11% by October.

Construction 109

Construction Auditing Economics Numbers 109

PYMNTS

SEPTEMBER 24, 2020

Construction companies rely on a variety of subcontractors and suppliers, but paying these partners can quickly become complicated for companies that use paper-based, manual methods to accept and manage all the documents that must be collected before issuing funds. Find the full story in the Report.

Construction 107

Construction Accounts Payable B2B Pharmaceutical 107

PYMNTS

JULY 2, 2020

In response to 2019 claims, Wirecard hired auditing giant KPMG to clear its name. “There are clear indications that this was an elaborate and sophisticated fraud involving multiple parties around the world,” EY said, according to Reuters, adding that it had not yet completed its 2019 audit. ” Swift Blowback. .

Auditing 61

Auditing Construction Accounting Marketing 61

CFO Thought Leader

SEPTEMBER 21, 2023

After about 2 years with Deloitte, Gafford joined Albertsons’ internal audit staff, from which he eventually advanced to oversee the company’s audit department while reporting directly to Albertsons’ CFO. “As ‘Just In Time’ inventory is really where the labor force is headed right now.

CFO 52

CFO Auditing Leadership Education 52

Future CFO

FEBRUARY 27, 2024

Brand said there is a challenge about the attractiveness in the accountancy profession because of current alternative opportunities in the fields of digital and consultancy space, along with tighter regulations particularly in auditing.

Accounting 96

Accounting Finance Construction Auditing 96

PYMNTS

MAY 28, 2019

financial watchdogs have stepped up their oversight of the accounting and auditing industry amid a string of corporate accounting scandals, collapses and questions over the dominance of the Big Four auditing firms. The FRC has already increased the number of audit quality reviews from 126 in 2014 to 160 in fiscal year 2018.

Auditing 40

Auditing Construction Leadership Budgeting 40

PYMNTS

JANUARY 2, 2020

Australia’s Parliamentary Joint Committee on Corporations and Financial Services is currently probing the corporate auditing industry amid recent criticism and allegations of conflicts of interest. Reverse Factoring, Auditing Scrutinized. High-profile corporate collapses, including that of U.K.

Auditing 52

Auditing Corporate Finance Finance Invoicing 52

PYMNTS

DECEMBER 20, 2019

He told PYMNTS about his experience running payroll at a family-owned construction business, a process he described as a “weekly nightmare” that took up entire days sorting through time cards, processing payroll and managing workers’ compensation reporting.

Auditing 52

Auditing Construction Compliance Startups 52

PYMNTS

MAY 21, 2018

M&G chief executive Anne Richards, HM Treasury non-executive director and deputy chair of Kinnevik Amelia Fawcett, and former audit partner at PwC and former chair of the Accounting Standard Board Mary Keegan are all on the panel. lender HBOS and, more recently, the collapse of government construction contractor Carillion.

Accounting 40

Accounting Auditing Treasury Accounting Standards 40

PYMNTS

JANUARY 13, 2020

Gov Info Security said a reported cybersecurity incident involved a scammer using the town’s website to request changes to bank account information for a local construction supplier, with directions to receive payment via wire transfer instead of check. Reports said the former finance director allegedly stole $1.5

B2B 89

B2B Invoicing Currencies Construction 89

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). This could imply more efficient auditing via online financial software that allows for remote audits.

Planning 52

Planning Auditing Nonprofit Accounts Payable 52

PYMNTS

MAY 18, 2018

The company’s release detailed the funding as Notarize extends its reach into several verticals, ranging from real estate to banking to construction. Among the industries most readily identifiable as candidates for remote notarization: Construction. This is the number one use case we see in construction,” she told PYMNTS.

Construction 53

Construction Auditing Securities Communication 53

Spreadym

SEPTEMBER 22, 2023

Poor Documentation: Failing to document financial processes, decisions, and discussions can create confusion and make it challenging to track and audit financial activities. Disagreements can arise in financial teams, and knowing how to handle conflicts constructively is crucial for maintaining strong communication.

Communication 59

Communication Leadership Prioritization Construction 59

PYMNTS

MARCH 27, 2019

separate codes of conduct, including the construction sector’s Construction Supply Chain Payment Charter , and an industry-agnostic Prompt Payment Code , both emerged in a climate of broad-ranging late payment behavior. Various voluntary codes of conduct have become a popular strategy among regulators in the U.K. Indeed, in the U.K.,

Compliance 56

Compliance Invoicing Construction Auditing 56

PYMNTS

NOVEMBER 5, 2018

government officials to head a review of the Financial Reporting Council, continues his probe into the body after criticism that the FRC lacked teeth to adequately prevent corporate failures, including the collapse of construction government contracting giant Carillion. Sir John Kingman, a civil servant asked by U.K.

Financial Reporting 51

Financial Reporting Construction Auditing Accounting 51

Centage

FEBRUARY 2, 2023

Evaluate and potentially reduce fixed and variable costs Don’t forget to audit all of your fixed and variable costs. Fees are earned based on triggered mechanisms such as when the development team completes construction, closes permanent financing, etc.

Cash Flow Forecasting 98

Cash Flow Forecasting Forecasting Financial Planning and Analysis (FP&A) Budgeting 98

The Charity CFO

JANUARY 21, 2022

Both Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) 116/117 require at least a minimum level of fund reporting, so you’ll need it in order to pass an audit. If you’re a very small nonprofit, it’s possible you won’t have any restrictions on your donations. Permanently restricted net assets .

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

PYMNTS

MAY 17, 2018

Since the collapse of Carillion , once the nation’s second-largest construction company and a massive government supplier, fingers have been pointed in all directions. There is a loss of confidence in audit, and I think that the industry needs to address that urgently,” Haddrill told The Financial Times in March. “In

Auditing 40

Auditing Accounting Standards Construction Accounting 40

PYMNTS

NOVEMBER 23, 2017

Additionally, Bitcoin exchanges in Japan will now be required to conduct employee training programs and submit to annual audits. From a practical perspective, I think this is still ‘under construction’,” Yamaoka told the forum about blockchain. As for ICOs, the banking official said the hype level was “quite tremendous.”.

Banking 40

Banking Currencies Construction Auditing 40

CFO Talks

JANUARY 30, 2022

Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. Is it dependent on the state of the construction industry development? CFO Talks is a brand of the South African Institute of Business Accountants.

CFO 40

CFO Construction Auditing Compliance 40

PYMNTS

NOVEMBER 26, 2019

Those tactics include low-tech and high-tech methodologies, spanning the construction of synthetic identities and the hijacking of devices (sometimes referred to as the creation of “zombies”). Against that backdrop, bad actors are changing their strategies to gain access to users’ online bank credentials.

Education 61

Education Construction Auditing Credit Risk 61

Future CFO

OCTOBER 14, 2020

Through analysis of the top five uses of blockchain , ranked by their potential to generate economic value, a recent report by PwC gauges the technology’s potential to create value across industry, from healthcare, government and public services, to manufacturing, finance, logistics and retail, the auditing and consulting firm noted.

Healthcare 40

Healthcare Economics Manufacturing Construction 40

PYMNTS

SEPTEMBER 20, 2019

Yelo’s range of financial services includes cash flow management and remittance services, with efforts to personalize its services for a range of verticals and customer segments, including professionals in the manufacturing and construction space, farmers, and gig economy professionals.

B2B 49

B2B Startups Communication Construction 49

PYMNTS

JULY 19, 2019

Jyve aims to connect stores with workers who can stock products; input, pack and deliver product orders; and build in-store displays and audit shelving. percent), construction and contracting (66.2 The idea behind this venture is that the rise in digital commerce will lead to a labor shortage in physical retail.

Retail 51

Retail Entertainment Transportation Construction 51

PYMNTS

DECEMBER 28, 2020

In the construction industry, the ERP is especially valuable considering the complex network of collaborators, and subsequent high volume of data, involved in a single project. From managing subcontractors to coordinating with insurance firms to paying employees, data sits at the heart of every construction project. "I

Construction 111

Construction Invoicing Auditing Finance 111

PYMNTS

JUNE 6, 2016

PCI further requires that retailers and business that process over 1 million annual card transactions must be audited to make sure their practices are in line with current security standards.

Benchmarking 40

Benchmarking Construction Auditing Securities 40

PYMNTS

SEPTEMBER 24, 2018

Even as lingering effects of the Carillion bankruptcy – where the construction industry juggernaut owes 800 million pounds to its supply chain – continue to be felt, there still remains the opportunity for the public sector to bring new standards to supplier payments. In separate findings, in the U.K.

Invoicing 48

Invoicing Construction Auditing Healthcare 48

CFO Talks

FEBRUARY 13, 2022

Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. In terms of the revenue base, as of now we have already have six industries, which are working in the zone and another two are under construction.

CFO 40

CFO Construction Economics Accounting 40

Finvisage

DECEMBER 31, 2019

Accountancy firm PwC is reported to have been hired by the company to look at its accounts, which are audited by Grant Thornton. The accountancy watchdog, the Financial Reporting Council, said: “We are looking into this matter carefully and will give full consideration to further action as more facts become available.”

Reconciliations 52

Reconciliations Financial Analysis Accounting Construction 52

CFO Talks

DECEMBER 26, 2021

Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. CIARAN RYAN: Okay, so the construction sector are big customers, the manufacturing sector, perhaps even mining in South Africa?

CFO 68

CFO Construction Finance Education 68

PYMNTS

FEBRUARY 21, 2018

It’s surprisingly common for the information settlement mechanism like SWIFT to be on a separate ledger from the payment settlement mechanism, which is the system more likely to be scrutinized by the bank’s internal controls, as well as the various audits, including inspection by regulators.”. “In

Reconciliations 52

Reconciliations Construction Auditing Banking 52

Cube Software

MAY 11, 2023

They're constructed to answer specific questions relevant to one or more of the financial statements. It's also best practice to audit the data before plugging it into your pro forma statements. Normally, these are concerned with a company's present situation - you build on historical data to create financial statements.

GAAP 40

GAAP Financial Planning and Analysis (FP&A) Profit and Loss Accounting Principles 40

CFO News Room

NOVEMBER 1, 2022

But that is a, it’s, it’s a manmade construct. We are going to thoroughly analyze this organization from top to bottom, left to right, race, by gender, by division, and we’re going to do a pay audit or an equity pay. And say, “We are going to create an action plan around this, around recruiting or around let’s say pay and promotion.

Leadership 100

Leadership Construction Budgeting Planning 100

PYMNTS

APRIL 10, 2017

Amazon said many of the jobs will be in the company’s new fulfillment centers that are currently under construction in Texas, California, Florida, New Jersey and other states around the country. Additionally, bitcoin exchanges in Japan will now be required to conduct employee training programs and submit to annual audits.

Currencies 43

Currencies Accounting Standards Construction Auditing 43

The Charity CFO

APRIL 5, 2022

Also, revenue must be recorded when it is actually or “constructively” received. Income is constructively received when an amount is credited to your account or made available to you without restriction, regardless of whether or not it’s been deposited in your bank account. Do you need to undergo an audit? .

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

The CFO College

JUNE 3, 2021

Acquiring these advanced types of services, like setting up a permanent audit trail, rolling cash forecast, month-end reporting, and strategic planning, is the secret sauce your potential client needs to know how their money flows in and out of their company (and what their financial future will look like).

Accounting 52

Accounting CFO Auditing General Ledger 52