Future CFO

FEBRUARY 23, 2023

Auditing and accounting talent shortage continue to make employers toss and turn, according to a global survey of more than 4,100 accountants and 2,300 auditors. With unemployment rates at historic lows, it’s not surprising that auditing and accounting talent shortage is a hot issue, said David Osborne, CEO at Caseware.

Auditing 52

Auditing Accounting Accounting Firms Practice Management 52

Future CFO

NOVEMBER 21, 2023

As new technology flourish in today's global business scene, there is an observed growing concern among traditional accounting and finance roles that finance leaders must address. The post Addressing finance role concerns amid technology adoption appeared first on FutureCFO.

Technology 52

Technology Finance Auditing Accounting 52

CFO Share

AUGUST 22, 2022

The recently passed Inflation Reduction Act includes $80B in new IRS funding over the next ten years, earmarked for increased tax enforcement, technology investments, customer service and other hiring. Should we expect more audits and fines? How do I avoid an IRS audit? What does this mean for small businesses?

Auditing 40

Auditing Restructuring Treasury Budgeting 40

Future CFO

JUNE 15, 2021

While 62% of organisations expect external audit fees to rise this year, they could combat this by automating their internal controls, said Gartner recently when releasing results of a survey of 166 publicly traded and privately held external audit firm clients across industries in March-April of 2021.

Auditing 52

Auditing Financial Reporting Finance Investments 52

Global Finance

JUNE 7, 2024

To attract these firms, Saudi Arabia offers a 30-year tax break and the opportunity to continue doing business with its government entities, including its $1 trillion Public Investment Fund. Traditionally, most global firms have managed their operations in the region from offices in Dubai while maintaining smaller offices in Saudi Arabia.

Auditing 105

Auditing Education Banking Economics 105

Future CFO

MAY 15, 2024

Efforts to standardise reporting practices are also underway, and we see firms investing in technology to enhance their disclosure capabilities. Now, with AI and automation, this has presented even more possibilities to make the audit process less tedious,” he opines.

Finance 98

Finance Auditing Compliance Leverage 98

PYMNTS

DECEMBER 6, 2020

Procurement Partners , which works on procure-to-pay (P2P) services for healthcare providers, has received an investment from Serent Capital , according to a press release. Through 100 percent invoice integration, the service boasts improvements to savings, and offers a compliance audit feature that can help vendors cut spending.

Investments 60

Investments Healthcare Compliance Auditing 60

Future CFO

MARCH 27, 2024

Over half of the survey respondents for the study , which gathered insights from over 6,500 respondents, were Gen Y/Millennials aged 25-42, with 37% current auditors, 33% former auditors and the rest considering audit as a future career. Embrace technology to remain relevant. Invest in technologies to ease workloads.

Numbers 52

Numbers Accounting Auditing Communication 52

CFO Leadership

OCTOBER 10, 2023

This technology offers unprecedented rewards, but it also presents new risks that we all must navigate. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Finance 95

Finance Accounting Auditing IFRS 95

Barry Ritholtz

JUNE 23, 2023

Every dollar available for auditing taxpayers generates many times that amount for government coffers — and the rate of return is especially astonishing for audits of the wealthiest Americans, according to new research. Way more than we thought. Unfortunately, it’s likely to have the opposite effect. How do they work? (

Auditing 105

Auditing Economics Investments Planning 105

Global Finance

JUNE 14, 2024

Financial institutions have been facing tough challenges between economic uncertainty and an unprecedented technology-powered speed of change, especially since the Spring Bank Run of 2023. While only some institutions have made early investments, going AI-first is an imperative for growth and efficiency.

Leverage 91

Leverage Risk Management Concentration Compliance 91

Nerd's Eye View

OCTOBER 18, 2022

What's unique about Louis, though, is how he and his partner (in anticipation of a shift in the financial advisory industry to more automated client services nearly 10 years ago) developed a robo-advice technology prototype to help clients have their investments managed at a very low cost… which then struggled to gain traction with consumers, (..)

Planning 52

Planning Investments Auditing Technology 52

PYMNTS

OCTOBER 18, 2019

USA Technologies CEO Stephen Herbert has stepped down against the backdrop of a proxy war ignited by the company’s biggest investor, New York-based hedge fund Hudson Executive Capital, Biz Journals reported on Friday (Oct. The fund has a 16 percent stake in USA Technologies, and has said it wanted to see the firm’s CEO and CFO replaced.

Technology 40

Technology Auditing CFO Financial Reporting 40

Future CFO

MAY 5, 2024

The global professional accounting body is urging businesses urged to take steps to maximise the opportunities of AI and lay foundations for responsible use of new technologies. ACCA urges finance professionals to ensure that AI governance and AI risk management is in place, beginning with investing in AI literacy and skills development.

Risk Management 52

Risk Management Leadership Auditing Finance 52

PYMNTS

OCTOBER 9, 2020

The big B2B investment of the week was Tipalti , which landed $150 million in new funding on a $2 billion valuation. We have built world-class expertise and technology, in partnership with our customers, to address the firmware risk,” Eclypsium CEO Yuriy Bulygin said in an announcement. “We million through its first round of financing.

Compliance 107

Compliance Auditing Accounts Payable Valuation 107

PYMNTS

SEPTEMBER 15, 2016

Patent and Trademark Office for security risk detection technology. CyberArk said the technology has been implemented in the CyberArk Discovery and Audit (DNA) tool, which enables security professionals to quantify privileged account security-related risks and gain visibility into the attack surface that exists within enterprises.

Securities 68

Securities Technology Auditing Accounting 68

Future CFO

APRIL 28, 2024

Professional accountants thereby are well placed to help their respective organisations to understand and capitalise on the benefits of AI adoption to support the business case for investment. Meanwhile, within audit, they are being used to analyse entire datasets, enabling auditors to move away from the traditional ‘sampling’ process.

Accounting 52

Accounting Auditing Invoicing Finance 52

Future CFO

DECEMBER 6, 2023

Utilising technological advancements in the face of a fast-changing world is definitely considered a smart move that requires careful financial planning. While blockchain inherently provides security benefits, investing in additional cybersecurity measures is important.

Finance 52

Finance Auditing Education Budgeting 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 and finance professionals must embrace technology,” says Harding.

Accounting 96

Accounting Finance Construction Auditing 96

Barry Ritholtz

SEPTEMBER 8, 2023

Financial Times )e • Spotify’s $1 Billion Podcast Bet Turns Into a Serial Drama : The prospect of podcast riches led to aggressive investments in celebrity deals and original programming for what appeared a sky’s-the-limit media frontier. Voleon was one of the first hedge funds to use AI as a core of its investing model. Shaw & Co.,

Auditing 55

Auditing Investments Technology 55

CFO Leadership

OCTOBER 18, 2023

This technology offers unprecedented rewards, but it also presents new risks that we all must navigate. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Finance 52

Finance Accounting Auditing IFRS 52

Nerd's Eye View

DECEMBER 30, 2022

A new study shows that there is a wide gap between firms leveraging technology to enhance the client experience and those that do not treat their tech stack as a priority. Why it is important for advisory firms to conduct an audit of their tech stack and the steps they can take to conduct the exercise.

Auditing 83

Auditing Planning Leverage Investments 83

Future CFO

OCTOBER 12, 2022

Goh joined the bank as a management trainee in 1988 and was named head of group audit in 2013, having stints across different divisions in the bank including corporate planning, investment research, asset management, risk management, and global treasury, OCBC Bank said.

CFO 52

CFO Banking Auditing Treasury 52

PYMNTS

FEBRUARY 19, 2018

It involves managing payments, managing issues with payments, invoice processing, reconfiguration … there are whole processes that go into executing payables … and yet this is a part of the organization that has remained less automated, less invested in software for a very long time.”.

Auditing 51

Auditing Accounts Payable Currencies Accounting 51

Future CFO

AUGUST 23, 2022

Companies who are looking at short-term returns will often be inclined not to invest in ESG,” he opined. He concedes that technology can help to streamline and simplify the ESG reporting processes, providing a clear data view and establishing an audit trail that links to financial performance. “In

CFO 98

CFO Auditing Finance Treasury 98

PYMNTS

NOVEMBER 29, 2018

The allure of blockchain was its potential to be a catch-all solution, but as innovators take a more practical approach to introducing the technology to the real world, its true opportunity may lie in addressing highly specialized, unique points of friction. trillion by 2025.

Auditing 54

Auditing Entertainment B2B Finance 54

Future CFO

NOVEMBER 20, 2023

PwC’s 2023 Global Investor Survey queried 345 investors and analysts across geographies, assets classes, and investment approaches for insights into the factors that most affect the companies they invest in and cover, the firm noted. While macroeconomic and inflationary concerns are still top-of mind, they have eased from 2022’s highs.

Auditing 52

Auditing Investments Technology 52

Future CFO

DECEMBER 10, 2023

This can be enabled by various factors, such as a good planning process , reliable technology, and people in the organisation. As part of the journey to better sustainable reporting in 2024, a chief financial officer must understand how he or she can properly navigate around its implementation. People People are enablers.

CFO 52

CFO Auditing Education Risk Management 52

CFO Talks

MARCH 14, 2024

This transformation is driven by several factors, including rapid technological advancements, globalization, and an increasingly complex regulatory landscape. Leveraging Technology: In today’s data-driven environment, tasks that involve implementing or improving technological solutions should be high on the CFO’s priority list.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

https://trustedcfosolutions.com/feed/

SEPTEMBER 20, 2021

If that’s the case, why not choose a system that quickly delivers what stakeholders want and also gives you more time to spend with your spouse and children during the various weekend trips and vacations that get squandered when an investment firm requests a report at the last minute? It’s a win-win for you and your clients.

Technology 52

Technology CFO Accounting Financial Reporting 52

PYMNTS

JANUARY 2, 2020

The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data technology products to change the industry in new ways, according to a report by Bloomberg Tax. We are a professional services firm, but technology is core to our future.”.

Data Analysis 71

Data Analysis Accounting Standards Auditing Invoicing 71

Future CFO

DECEMBER 21, 2023

Encourage / facilitate senior leadership teams to undertake ‘deep dive’ reviews on key risks, using audit and risk committees as appropriate. Invest in technology for staff and back-office systems to improve the effectiveness of risk management activities.

Risk Management 52

Risk Management Finance Leadership Auditing 52

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

Compliance 52

Compliance Auditing Budgeting Leverage 52

PYMNTS

OCTOBER 14, 2019

John King, Ernst & Young Americas ’ vice chair for assurance, wants to see more consistency from the country’s audit regulator, the Public Company Accounting Oversight Board (PCAOB), and has called for a retooling of out-of-date quality control rules that are more in line with international standards.

Auditing 40

Auditing Compliance Investments Accounting 40

CFO Leadership

OCTOBER 10, 2023

Financial analysts and others can use the technology to assemble insights in a range of formats — from bulleted lists to slide decks to summary reports — for various audiences to use for more accurate and timely business decision-making. But it’s a heavy lift and it requires skill sets you may not have in-house.

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

PYMNTS

OCTOBER 20, 2017

20), Mastercard announced news that it will be opening up access to its blockchain technology through its developer’s API. Initially, the technology will be made available for B2B transactions, specifically to address the demands of cross-border payments. On Friday (Oct. Mastercard is not the only firm delving into blockchain.

B2B 84

B2B Auditing Currencies Startups 84

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 82

Compliance Accounting SAP IFRS 82