CFO Dive

JULY 23, 2025

Published July 23, 2025 Jim Tyson Senior Reporter post share post print email license CFO Editorial Staff Dive Brief: T he Public Company Accounting Oversight Board sanctioned a Hong Kong accounting firm and its owner for disregarding rules and standards when auditing the books of Luckin Coffee and two other companies operating in China.

Auditing

CFO Dive

JULY 28, 2025

Most Popular CFOs face surging trade compliance costs under Trump’s high tariffs: Fed SEC declines to confirm whether climate disclosure rule will be upheld if it survives litigation FASB advances GAAP codification refresh Most cyber risk programs ignore finance teams: Qualys Library resources Playbook Unlocking Business Growth: How PEOs Can Help CFOs (..)

Investments

CFO Dive

AUGUST 1, 2025

Evans, who steps down from the board to take the finance reins, succeeds Robert Gold, who is departing just about five months after his appointment was announced in February, according to a company release at the time. With respect to the CFO position, this in no way — the change in no way reflected on Bob. million, compared to a $24.9

CFO

CFO Dive

JULY 23, 2025

The announcement comes as AI rules and legislative proposals are rapidly piling up across states, creating a complex regulatory environment for businesses and their finance leaders. “AI “To maintain global leadership in AI, America’s private sector must be unencumbered by bureaucratic red tape,” the White House said. Should CFOs? Should CFOs?

Planning

CFO Dive

JULY 23, 2025

By Maura Webber Sadovi • May 2, 2025 Stringer via Getty Images Deep Dive 7 CFO tips for thriving despite ‘perma-crisis’ turmoil “Foundational rules for risk management have been fundamentally altered forever,” the former CEO of the Institute of Internal Auditors said.

CFO

CFO Dive

JULY 28, 2025

The H-1B visa program is a tool that tech industry finance and human resource leaders have used to draw top talent no matter where they are located.

CFO

CFO Dive

JULY 24, 2025

Dive Insight: Government litigation in areas such as data privacy and antitrust has been a growing headache for big tech companies and their finance leaders in recent years. “The biggest driver of growth [in operating costs] was expense for legal and other matters, which reflected the impact of $1.4

CFO

CFO Dive

JULY 24, 2025

By Jim Tyson • June 17, 2025 Latest in Strategy & Operations FASB advances GAAP codification refresh By Maura Webber Sadovi What to know about the $7.25

CFO

Bramasol

MAY 13, 2024

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.

Auditing

CFO Leadership

OCTOBER 10, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals.

Accounting

E78 Partners

NOVEMBER 19, 2024

Audit season presents a set of unique challenges for private equity-backed companies, particularly those that must balance the expectations of investors with the demands of compliance. Ensure that impairment analyses are completed according to audit priorities, with asset groupings and forecast data that align with GAAP standards.

Auditing

E78 Partners

NOVEMBER 19, 2024

Audit season presents a set of unique challenges for private equity-backed companies, particularly those that must balance the expectations of investors with the demands of compliance. Ensure that impairment analyses are completed according to audit priorities, with asset groupings and forecast data that align with GAAP standards.

Auditing

E78 Partners

NOVEMBER 12, 2024

Preparing for a financial audit can be a daunting task, especially for private equity-backed firms where accuracy and efficiency are paramount. This article provides a deeper look at the steps CFOs can take to create a seamless, streamlined audit experience.

Auditing

E78 Partners

NOVEMBER 12, 2024

Preparing for a financial audit can be a daunting task, especially for private equity-backed firms where accuracy and efficiency are paramount. This article provides a deeper look at the steps CFOs can take to create a seamless, streamlined audit experience.

Auditing

VCFO

NOVEMBER 1, 2023

Assessing Accounting For entities preparing GAAP compliant financial statements, adoption of Revenue Recognition Standard (ASC 606) and Lease Accounting Standard (ASC 842) is now mandatory. audited or reviewed financial statements). The post Strategic Finance Focus at Year-End appeared first on vcfo.

Finance

CFO Share

NOVEMBER 15, 2023

Embarking on your first financial audit can be nerve-wracking. As a small business owner or finance manager, it’s crucial to approach this process with a clear plan. This article includes small business accounting tips to prepare for an audit while minimizing its expenses and findings. How Long Do Financial Audits Take?

Auditing

The Charity CFO

APRIL 5, 2022

Though both systems use the same numbers, looking at those numbers differently can give you a very different perspective on the state of your finances. Cash accounting does not comply with Generally Accepted Accounting Principles (GAAP) for nonprofit organizations. Do you need to undergo an audit? .

Nonprofit

The Charity CFO

MAY 10, 2022

So now is the perfect time to make sure you report in kind gift donations in compliance with GAAP standards in 2022. The changes to in kind donation reporting are specifically for organizations that follow generally accepted accounting principles (GAAP) in preparing their financial statements. Why is FASB making this change?

Accounting Standards

The Charity CFO

JANUARY 17, 2022

You need to get a better grasp of your organization’s finances now. Accrual accounting is required by Generally Accepted Accounting Principles (GAAP), which means that you’ll need accrual-based reports to complete a nonprofit audit. These financial statements are required for a nonprofit audit. It’s a necessity.

Nonprofit

CFO Leadership

OCTOBER 18, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals.

Accounting

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. In many cases, though, you’re going to want to have more funds in order to optimize accuracy and transparency in your finances.

Nonprofit

CFO Talks

SEPTEMBER 5, 2024

It’s essential to engage with various stakeholders—including finance teams, auditors, and even IT professionals—to identify the specific needs that your system must address. A user-friendly interface can significantly reduce the learning curve and increase the system’s adoption rate among your finance team.

IFRS

VCFO

APRIL 27, 2023

Buckley is a highly accomplished CFO, overseeing finance, operations, IT, and HR in areas such as domestic and international manufacturing and distribution, SaaS, retail, healthcare, nonprofit, and service companies worth from $2M to $25B. Richard started in the mail room at Exxon, taking night classes to earn his degree in accounting.

CFO

The Charity CFO

JANUARY 19, 2023

In the United States, these Generally Accepted Accounting Principles (or GAAP) are set by the Financial Accounting Standards Board (FASB). 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. 117 (FASB 117).

Accounting Standards

The Charity CFO

JANUARY 11, 2023

All these sources must be carefully managed to ensure compliance with Generally Accepted Accounting Principles (GAAP) and guidelines. Understanding how and when to recognize different revenue is perhaps one of the most important but difficult aspects of managing a nonprofit’s finances. Undergo annual financial audits.

Nonprofit

Bramasol

JULY 26, 2024

Using CLM, global companies are better able to manage lease classification such as sales type leases and operating leases, as well as to meet lessor accounting requirements of US GAAP and other country GAAP requirements, or IFRS mandates. Multiple Regulatory Compliance Mandates: Meeting regulatory requirements (e.g.,

SAP

The Charity CFO

JANUARY 18, 2022

In this new role, he will serve as one of our in-house experts on existing and emerging nonprofit accounting standards and auditing best practices. In doing so, Zack will help ensure that our clients’ financials are prepared in accordance with general accepted accounting principles (GAAP) and their 990s meet IRS guidelines.

CFO

The Charity CFO

JANUARY 5, 2022

To pass an independent audit. Reporting functional expenses has been required by Generally Accepted Accounting Principles (GAAP) since 2017, as detailed in ASU 2016-14. That means you’ll need to present a Functional Expense Report to pass an audit. So you really don’t have a choice, but if you want more reasons….

Nonprofit

CFO Share

JUNE 27, 2024

How can a small business ensure compliance in reporting without overspending on accounting staff and audits? In general, financial statement compliance involves adhering to established standards and regulations, such as Generally Accepted Accounting Principles (GAAP) and the Financial Accounting Standards Board (FASB) guidelines.

Financial Reporting

Boston Startup CFO

APRIL 3, 2023

However, don't undervalue the significance of comprehending finance for your startup's survival. Familiarity with Generally Accepted Accounting Principles (GAAP) is essential. Additionally, you open yourself up to compliance and audit issues, and you’ll potentially decrease your chances of securing funding and financing.

Accounting

The Charity CFO

FEBRUARY 2, 2022

The 990-EZ may be simpler than the full form, but it’s still a complex declaration of your organization’s finances. If your organization falls into the $50,000-$200,000 range but must complete an annual audit for funding or GAAP purposes, it is wise to skip Form 990-EZ and head straight to the full form. . Full Form 990.

Nonprofit

The Charity CFO

NOVEMBER 10, 2022

Whether you are an educational, charitable, religious, sports, or other public-benefit organization, you need to have a good handle on your finances in order to make the most impact. Yes, they might have a board member or volunteer who takes care of the finances, but they often lack specific expertise in nonprofit accounting.

Nonprofit

The Charity CFO

MAY 2, 2022

The IRS has different reporting requirements than GAAP, so the balance sheet section of your 990 may not match your audited financial statements. They’ll be looking for any large loans, investments, your operating reserve , and your ratio of restricted to unrestricted assets. . How do you spend your money?

Nonprofit

CFO News Room

NOVEMBER 2, 2022

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. RIA Fee Itemization And Surprise Custody Audits.

Compliance

PYMNTS

DECEMBER 10, 2016

The internal audit had two major and disturbing reveals. The audit discovered the then-CEO guided Lending Club’s board and risk team toward the firm’s purchase of a 15 percent limited-partnership interest in Cirrix this year for $10 million last year — without disclosing that he himself was an investor in the firm.

GAAP

The Charity CFO

JANUARY 5, 2023

Sure, your mission should be a priority, but managing finances can’t be neglected either. Without a good grasp of your finances, your nonprofit risks: Exposure to fraud. When creating your fiscal policy, ensure that it complies with the Generally Accepted Accounting Principles (GAAP). Bring GAAP compliance.

Nonprofit

Planful

JANUARY 19, 2016

With the right tools and processes in place, the year-end close and reporting process can be less stressful and painful for the Finance team, maybe – dare I say it – even something you look forward to. Life is so much easier for accounting and Finance staff now with today’s technology. Watch the Webinar Replay. Ah, the memories!

IFRS