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. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Finance 95

Finance Accounting Auditing IFRS 95

Future CFO

FEBRUARY 1, 2024

"It is absolutely critical businesses implement an accounting and reporting system for their ESG data that is as auditable, transparent, and reliable as their financial data accounting," Hasenoehrl says, "2024 is the year we have to start treating enterprise carbon data the same way we treat financial data."

Finance 52

Finance SAP Auditing IFRS 52

CFO Talks

MARCH 2, 2023

Before joining Komatsu, he was a Senior Manager at KPMG in South Africa and he was responsible for several large audit clients. That has been a recurring theme in many of my discussions with CFOs, many accountants move from the auditing side to the commercial world, mostly shortly after they’ve completed their articles.

Auditing 98

Auditing CFO IFRS Construction 98

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. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Finance 52

Finance Accounting Auditing IFRS 52

Future CFO

AUGUST 18, 2022

Some 61% of assurance engagements were performed by audit firms on a global basis, a slight decline from the previous year (63%). SASB’s parent organisation, The Value Reporting Foundation, will consolidate into the IFRS Foundation on Aug. Study highlights. 1, 2022, to support the work of the ISSB.).

IFRS 52

IFRS Auditing Accounting Standards Accounting Firms 52

Future CFO

OCTOBER 27, 2020

Governments taking a more flexible approach to tax audits and filing: APAC companies can extend tax/statutory filing deadlines in 50% of places and 43% allow firms to postpone the start of a tax audit.

Accounting 52

Accounting IFRS Auditing GAAP 52

Simply Treasury

FEBRUARY 27, 2020

It is not simple or neutral and difficult to sell to an Audit Committee or CFO. However, with a good counterparty risk the return is hardly better, and even often, still negative with, as a bonus on top, an intermediate volatility for those who report in IFRS (because of quarterly mark-to-market valuations). Beyond standing idly by.

IFRS 130

IFRS CFO Auditing Valuation 130

Bramasol

NOVEMBER 8, 2021

While these reports represented an important element for communicating a company's corporate-citizenship vision and were also positive public relations initiatives, for the most part they did not contain a lot of hard, auditable data. In the area of climate change, this is often referred to as "carbon accounting".

Compliance 88

Compliance Accounting SAP IFRS 88

The Finance Weekly

MARCH 28, 2022

At COP26, the International Financial Reporting Standards Foundation (IFRS Foundation), which supervises accounting standards in more than 140 countries, predominantly in Europe and Asia, announced the formation of the , International Sustainability Standards Board (ISSB). Data validations, controls, and audit trails are extensive.

Finance 52

Finance Auditing Accounting Standards IFRS 52

Future CFO

NOVEMBER 2, 2020

Many jurisdictions are moving towards international accounting standards such as International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP). However, APAC and EMEA take a much more localised approach.

Compliance 40

Compliance IFRS GAAP Accounting Principles 40

Planful

JANUARY 19, 2016

Consolidating the financial results following US GAAP or IFRS guidelines, including these steps: Performing currency conversions. Ensuring adequate audit trails for internal and external auditors. They’ll conclude that there’s a total lack of security, control, and audit trails when using spreadsheets.

IFRS 40

IFRS GAAP Reconciliations Auditing 40

Planful

JULY 27, 2016

Not being compliant with US GAAP or IFRS. Lack of controls and audit trails. Time-consuming and costly audit process. Improve audit trails, reduce audit costs. Challenges in consolidating multiple spreadsheets and correcting errors. Limited reporting and analysis capabilities, and too much manual effort.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Value-Added Analysis Budgeting 40

CFO Talks

JUNE 8, 2022

CFOs will be expected to provide a robust ESG audit trail to boost investor confidence in the near future, including underlying assumptions, models, and a paper trail of the internal controls underpinning the information provided.

CFO 52

CFO IFRS Education Auditing 52

Planful

FEBRUARY 21, 2017

From the collection and consolidation of financial results, to the creation of year-end financial statements, to audits and regulatory filings – finance teams are often distraught throughout the process. These results then require consolidation following US GAAP or IFRS guidelines.

Reconciliations 40

Reconciliations IFRS GAAP Leverage 40

CFO Talks

MARCH 31, 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. Oyinda Akanbi is making a difference beyond finance in her position as CFO at the leading diagnostics provider in Nigeria.

CFO 40

CFO Finance IFRS Accounting 40

Bramasol

AUGUST 31, 2023

Over the past eight years, many episodes in this blog series have focused on revenue recognition and how SAP solutions such as Revenue Accounting and Reporting (RAR) have provided a robust foundation for compliance with ASC 606 and IFRS 15.

SAP 94

SAP Accounting Reconciliations General Ledger 94

The Charity CFO

JANUARY 19, 2023

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. Depending on the organization’s size, you can have a single person ( such as a CFO ) or an audit committee to monitor compliance.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

Bramasol

MARCH 24, 2022

Certain climate-related financial statement metrics and related disclosures in a note to its audited financial statements; and ? ISSB was established by the IFRS Foundation in response to the Glasgow COP 26 conference in November 2021. Information about climate-related targets and goals, and transition plan, if any.

Accounting 86

Accounting SAP Analyzing Data IFRS 86

Spreadym

AUGUST 10, 2023

Compliance: Adherence to accounting standards and regulations, such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS). Audit Trail: A record of changes made to financial data and reports, ensuring transparency and accountability.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) CFO Accounting Standards 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. CFO Talks is a brand of the South African Institute of Business Accountants.

CFO 40

CFO Profit and Loss Finance Accounting 40

Jedox Finance

JULY 11, 2023

5 Other sustainability reporting initiatives in development include those of the International Sustainability Standards Board (ISSB), developed by the International Financial Reporting Standards (IFRS) Foundation. The final ESRS requirements are to be passed as law at the end of July 2023 and no later than the end of August 2023.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Compliance Profit and Loss 52

Planful

JUNE 22, 2017

GAAP or International Financial Reporting Standards (IFRS). Undetected errors can occur and spreadsheets don’t provide adequate audit trails regarding changes to financial results in the process. Here are the key accounting consolidation steps in the finance consolidation process : Collecting trial balance data (e.g.,

Accounting 40

Accounting General Ledger IFRS GAAP 40

Planful

SEPTEMBER 5, 2019

Planful gives you a robust library of report templates to build the foundation of GAAP and IFRS-compliant balance sheets, income statements, statements of cash flow, and other financial and statutory reports. It integrates with other on-premise and cloud-based business systems to eliminate cut-and-paste tedium and human error.

Financial Reporting 40

Financial Reporting IFRS GAAP Auditing 40

Planful

AUGUST 1, 2017

You’re preparing for an IPO or external audit, which requires having rock-solid financial statements. US GAAP, Canadian GAAP, IFRS, etc.). You’re expanding internationally, which often brings new complexities, such as currency conversions and intercompany eliminations across multiple divisions and subsidiaries.

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40

Musings on Markets

OCTOBER 19, 2021

Using the words of IFRS (1.7), ‘ Information is material if omitting, misstating or obscuring it could reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements, which provide financial information about a specific reporting entity ’.

Profit and Loss 70

Profit and Loss Accounting Numbers IFRS 70

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. Like IFRS I think there’s going to be some alignment of standards, I think there’s going to be more compliance.

Manufacturing 75

Manufacturing CFO IFRS Budgeting 75

Onplan

NOVEMBER 30, 2022

The Basic level offers essential modeling and planning features, while the Professional and Enterprise plans offer additional security and compliance features, like Audits and App Lifecycle Management. Automated reporting also enforces compliance with GAAP and IFRS standards. Custom dashboards and reporting.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 52