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Preparing for a financialaudit 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.
FinancialReports That Dont Age Like Milk: The Power of Real-Time Data Imagine running a business where financial decisions feel like guessworkwaiting weeks for reports, struggling with outdated data, and constantly fearing human error. Now, real-time dashboards allow them to monitor financial health instantly.
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. In 2024, 31% of U.S. Just over a third (35%) of U.S.
This opportunity allowed me to audit clients like the South African Revenue Service and South African Tourism, as well as manage accounts for Mastercard South Africa. I was particularly impressed with how organised and meticulous the Chinese are in their planning and how they receive their guests.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Join Claire Grosjean for a dynamic discussion on how finance leaders can leverage data-driven strategies to improve spend visibility, enhance forecasting accuracy, and drive cost optimization without losing sight of the human element that makes financial decision-making effective. Master the balance between analytics and action.
What to Consider Before Crossing the Border If your business is planning to expand internationally or already operates in multiple regions, here are critical areas that require your attention: 1. Before setting up shop, understand: Which financialreporting standards apply (e.g. IFRS, local GAAP)? Never assume.
This model resembles Unilevers finance transformation where predictive analytics freed up 30 percent of finance teams time for scenario planning and business partnering. He explains that this approach not only stabilised SAQA post-COVID but also helped them build financial reserves to secure operations for several years.
First and foremost is financial acumen—understanding financialreporting, budgeting, forecasting, and compliance is foundational. It would combine the best aspects of financial forecasting and strategic planning, helping companies stay ahead in a constantly evolving landscape.
Accountable finance professionals question the logic, sanity-check the drivers, and consider whether the plan makes sense in the wider business context. Theyll speak up when they see a mismatch between financial assumptions and operational intent, even if its uncomfortable to do so. Why are costs trending higher than planned?
Under this familiar process, financial personnel export data from their organization's software, typically the company's Enterprise Resource Planning (ERP) system. One workaround found in cumbersome financialreporting processes includes using old legacy Excel-based financial models.
Addressing such gaps is crucial for the organisation, including the Finance function, as it can impact cost planning and decision-making processes. The ability to integrate AI into financialplanning also means we are seeing improved efficiency, allowing Finance teams to focus on strategic initiatives rather than administrative tasks."
Reporting Rules That Make or Break Your Reputation Financialreporting is often thought of as the final step in the business process, the box to tick at the end of the quarter or financial year. They understand that reporting, when done right, is not just a reflection of past performance. Its not flashy work.
Organizations that expend over $750,000 in federal funds (increasing to $1 million in 2025) are subject to a single audit. This audit goes beyond typical financialaudits and examines programmatic compliance as well. Program Flexibility Federal funding can limit an organization’s ability to adapt its programs.
Oleg Kozlov , head of internal audit at Modern Mills Company , discusses how CFOs traverse multi-jurisdictional finance challenges in 2025. Scrutinise how sales teams plan and execute customer and competitor interactions, including attending events organised by customer or local chambers of commerce.
Align Your Internal Reports with Regulatory Requirements Your companys internal financial records should match what you submit to regulators. If there are differences, it can lead to problems during audits or inspections. Keep track of reporting deadlines Use a compliance calendar so you never miss a submission.
Financialreports, investor calls, public updates, and even interviews all feed into the broader narrative about a business. On the contrary, credibility grows when a CFO can admit that performance is down, explain why, and walk stakeholders through the plan to recover. The best CFOs do not just focus on clean audits.
Dancing with Chaos: Why Smart CFOs Say Yes to Unstructured Work For many years, the role of the Chief Financial Officer was defined by order, certainty, and structure. It was about budgets, forecasts, monthly closes, and audits. Everything had its place. Everything had a process. But something has shifted.
I review financial news, plan key objectives for the day, and enjoy a quiet coffee to set my focus. Serving as Group Head of Reporting (UK) at Liquid Telecom, where I helped standardise reporting across regions. Between 5:30 and 6:00 AM How do you spend the first hour of your day? What sparked your interest in finance?
At The Charity CFO , weve worked with hundreds of nonprofits (if not thousands)and reviewed thousands of financial systemsover the past decade. Its not just about clean books or audit prep. The organizations that thrive have a shared commitment to financial discipline, strong internal controls, and strategic leadership.
Consider hiring an interim CFO in the following situations: Leadership Transitions or Vacancies: When your current CFO leaves unexpectedly or goes on extended leave, leaving a temporary gap in financial leadership.
Scenario planning, diversification, and embracing technology like AI are vital strategies. Financial leaders must combine human-centered skills with strategic foresight to thrive in uncertain times. Audit never interested me all that much, so it wasn’t a route I was particularly excited about. I must be honest.
You translate board-level governance principles – risk tolerance, audit findings, ethical expectations – into frameworks that function daily in procurement, budgeting, and reporting. Financialreporting is not just a compliance exercise. It is a cultural mirror.
Whether it is poor post-close planning, misjudged synergy estimates, or ineffective communication across teams, failure tends to follow patterns. More often, they fall apart in execution when integration plans lack structure, teams are misaligned, and critical dependencies are overlooked.
GAAP, common challenges, and important considerations for businesses seeking to accurately reflect their innovation investments in financialreporting. Research : This involves the planned search for new knowledge. In this post, we explore the key principles of R&D accounting under U.S.
Morgan Edevbie Senior Vice President & Head, Business Performance & Product Controller, Africa Finance Corporation (2018-present) Previously: Associate Vice President, Financial Controls & Budgets, Africa Finance Corporation (2014) Group FinancialReporting & Planning Manager, UNITED BANK FOR AFRICA PLC (2011) Head of IRFS Project (..)
CFO Tax Recovery Strategies: Your Financial Lifeline Implementing robust tax recovery strategies is essential for a swift return to stability. Consider conducting a thorough financialaudit to pinpoint areas for improvement. Discover more CFO Tax Recovery Strategies to secure your financial future.
By integrating innovation goals into company growth plans and fostering a culture that supports experimentation, CFOs can drive organizational transformation. This shift requires CFOs to move beyond traditional financial oversight and actively participate in shaping the company’s strategic direction.
I visualize, do my gratitude routine and do planning during my run. My power hour – praying, affirmations, breathing, journaling while having a cup of ginger tea. Then my morning run of between 7km to 10km 5 days a week. Then I have a cold shower and protein smoothie before my workday starts. What sparked your interest in finance?
Among other recommendations, the working group’s report also lays out a plan of action for the CFTC and the Securities and Exchange Commission, noting the two agencies should utilize their authority to help enable digital asset trading at the federal level. You can unsubscribe at anytime. Please select at least one newsletter.
Company Announcements View all | Post a press release RAAPID Announces RADV Documentation Defense Webinar as CMS Expands Audits to All 550 Medicare … From RAAPID INC July 15, 2025 Nominal Secures $20M Series A to Power Financial Operations With AI Agents From Nominal July 09, 2025 Want to share a company announcement with your peers?
Scenario Planning – Scenario planning is another critical tool to help you plan for both the ups and downs of business. Your CEO, CFO, and COO will work with a strategy advisor to plan, initiate, and execute your deal strategy. Assemble Your M&A Team – M&A requires a unique set of skills. The takeaway?
Ensure auditablereporting and compliance The CFO needs to work with other functions like corporate financialreporting, regulatory compliance, tax, treasury, and legal to ensure timely, auditablereporting and financial accounting. You can unsubscribe at anytime.
Not as a report next quarter, but as a signal today. Because “we’ll fix it in Q4” isn’t a plan. No more reconciling disconnected spreadsheets or uncovering misclassified contractors during a tax audit. And to them I say, “Good luck when that invoice gets flagged in audit season.” You can unsubscribe at anytime.
Poroch’s appointment is “another example of the strong, deep leadership bench we have built here at Southern Company and a testament to our robust, long-term succession planning,” CEO Chris Womack said in a statement included in the Friday release. “We million in non-equity incentive plan compensation, according to the company’s latest proxy.
Daily Dive M-F Tech Weekly Every Tuesday By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. Please select at least one newsletter. Informa PLCs registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. TechTarget, Inc.s Newton, MA 02466.
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.
Aligning financialreporting systems, tracking and realizing efficiencies, and continuously monitoring financial performance are essential to support patient care and ensure the merged entity's success. Steps for Standardization: Conduct an audit of existing financialreporting and ERP systems in both organizations.
Daily Dive M-F Tech Weekly Every Tuesday By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. Please select at least one newsletter. Informa PLCs registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. TechTarget, Inc.s Newton, MA 02466.
Published July 28, 2025 Jim Tyson Senior Reporter post share post print email license Business people wait for a job interview. Sixty percent of respondents said their companies did not change their prices over the past three months, the NABE said, adding that 25% expect to raise prices in the next three months. TechTarget, Inc.s
The interim CEO appointment comes as Renault looks to strengthen its cost reduction plan, after announcing it would be implementing additional measures to cut expenses in its first quarter earnings report in April, according to company releases. Renault plans to announce its H1 2025 results on July 31. billion, a 2.5%
ERP systems help automate compliance reporting, carbon footprint tracking, and environmental audits. Government Mandates : Governments are introducing stricter regulations for reporting, carbon management, and renewable energy integration.
Theyre the people who spot errors in a sea of numbers and ensure the books are airtight and audit-ready. Trying to combine this role with the CFO function often fails because bookkeeping is structured and rule-bound , while financial leadership requires a more strategic, creative, and big-picture thinker. Get the free guide!
Andrew Harnik via Getty Images The White House on Wednesday released a long-awaited artificial intelligence action plan that called for removing regulations that could hinder innovation in the emerging space, among other steps. agencies to take appropriate action.
Daily Dive M-F Tech Weekly Every Tuesday By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. Due to the timing of delivery of additional capacity in H1, including large finance lease sites, we expect growth rates in H1 will be higher than in H2,” the finance chief said.
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