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Carmine Di Sibio’s exit and the firm’s abandonment of “Project Everest” may signal a new era of leadership, as well as a new structure to complete the breakup of EY’s consulting and auditing arms.
When it comes to Federal Single Audits , nonprofits often make costly mistakes that lead to compliance issues, financial weaknesses, and material deficiencies. Below, we break down the top audit findings and what nonprofits need to know to stay compliant. Make sure your documentation is complete.
Predictive Finance, Ethical Leadership, and Public Sector Innovation: Lessons from SAQA CFO Innocent Gumbochuma In the latest episode of CFO Club Conversations , we had the privilege of speaking with Innocent Gumbochuma, Chief Financial Officer of the South African Qualifications Authority (SAQA) and the 2024 Public Sector CFO of the Year.
The PCAOB has stirred up criticism since SEC Chair Gary Gensler shook up its leadership and called for sharper regulation of the firms that audit public companies.
Identifying and Overcoming Ethical Dilemmas in Business In the corporate world, numbers might drive decisions, but values define leadership. These dilemmas might not always come with flashing warning signs, but how you handle them speaks volumes about your leadership and your company’s culture.
Adequate financial leadership has never been more critical to today’s market. Whether navigating a leadership gap, managing complex financial transactions, or steering through a period of growth or crisis, a transitional Chief Financial Officer provides the necessary insights and support to ensure financial stability.
A Year-Round Audit Strategy Is A Great Place To Start Insights from Acclarity Accredited to Small-to Medium Business Leader: Michele Himes For all but one day of the year, the end of your financial year is always approaching — sometimes year-end is still months away, other times year-end is right around the corner. Month-End Close.
And heres the real kicker: audits dont catch most of it. On a recent episode of A Modern Nonprofit Podcast , Tosha sat down with Jason Kruger, Partner at Citrin Cooperman, to expose the real risks of nonprofit fraudand why audits wont protect you. Why Audits Wont Save You “The easiest way to steal? Audits wont catch it.
Do an emotional audit. Do an emotional audit and ask yourself: What am I feeling? This process builds your emotional intelligence, strengthening your capacity to perform emotional labor and leadership over time. Situations that cause us to experience internal dissonance are opportunities for personal learning and growth.
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. Financial literacy across leadership teams These steps build internal trust and alignmentessential for long-term success. If so, whenand how?
Members’ Profile: Rofhiwa Irene Singo In this edition of our CFO Spotlight series, we are featuring Rofhiwa Irene Singo, an accomplished finance leader whose journey is a testament to resilience, adaptability, and impactful leadership. Share your favorite leadership lesson.
Editors note: In todays A Day in the Life , Nguyn Trung Ngn (pictured), tax senior manager at Deloitte Vietnam , shares with FutureCFO audiences how leading a complex transfer pricing audit for a multinational client became pivotal for her career and how her passion for public writing became one of her greatest sources of inspiration.
As a key member of the executive leadership team, the modern CFO often serves as a trusted advisor and strategic partner to the CEO. The CFOs responsibilities now extend far beyond financial stewardship.
The CFO Leadership Council proudly highlights our very first ten Diversity, Equity, and Inclusion Ascend Honorees! The Ascend program is an opportunity for Senior Finance Executives from underrepresented groups to join The CFO Leadership Council. Meet Our First 10 Ascend Honorees. Joy Harper, Cloud Finance, Google.
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.
Contrary to what many people envision, a nonprofit audit doesn’t usually start with a letter from the IRS. Instead, an independent nonprofit audit is something you choose to build trust in your nonprofit organization. An audit can be a critical step for a growing nonprofit that needs to raise increasing amounts of funds.
Jerome’s professional journey began with PwC (Luxembourg) as an Audit Manager, where he built a solid foundation in financial management and corporate governance. Share your favorite leadership lesson. As a good Belgian, I love to buy houses rather than renting !
Members’ Profile: Ronel Jooste In this edition of our CFO Spotlight series, we are featuring Ronel Jooste, a dynamic force in the worlds of finance, wellness, and leadership development. I am currently busy with my John Maxwell Leadership Trainer & Coach certifications and might pursue my Masters degree next year.
A recent internal audit had revealed that some employees in high-stakes roles were bending the rules to meet targets. and “Do you believe leadership values integrity over performance?” Review any ethics-related reports or concerns raised by employees to identify patterns and areas for improvement.
Recognizing the need to enhance my managerial capabilities, I pursued a Postgraduate Diploma in Management, which equipped me with essential leadership skills. A CFO must align financial management with the company’s long-term goals, ensuring financial strategies support overall business growth.
I held various positions in auditing, revenue accounting, billing, credit and collection, and financial planning which exposed me to the various challenges of these roles,” he recollected. The post Critical lessons in finance leadership in 2022 appeared first on FutureCFO. Qualities of a finance leader.
She had excelled quickly, so much so that she was assigned to a leadership role in a major audit project just 2 years into her career. Her leap for personal reasons ultimately led her to a leadership role that she hadn’t anticipated—a twist in her journey that eventually set her on the path to becoming a CFO.
The culture emphasized being an integral part of the senior leadership team and driving change. Along the way, Wallach says GE’s culture exposed her to the personal attributes that would become increasingly critical as she advanced into leadership positions. “Do you have personal edge? Can you make the tough calls?
Its essentially doing the internal audit work while also functioning as an organizational tool. Its more about leadership, getting the right people on board, keeping everyone motivated, and ensuring no one loses sight of the goals. It automates tasks that people used to handle manually. These tools are vital now.
Strategies to Address This Challenge Conduct Data Audits : Regularly review your customer database to identify inaccuracies. Ensure Data Quality : Conduct regular data audits to support seamless integration. Efficiency : Clean data ensures invoices reach the right recipients, minimizing disputes and speeding up payments.
These services include general and operational accounting, financial planning and audit, governance, risk and compliance, transactional transformation, IT and business intelligence solutions, and outsourced accounting and interim management solutions. His leadership team includes CFO Thomas (T.J.) Wilcop and CHRO Sofia Wade.
Meanwhile, she added that success in finance leadership must “go beyond work”, especially with the current situation. It impacts your family, mental and emotional health, so the leadership must be just beyond the normal. The post Finance leadership in the COVID era appeared first on FutureCFO. Editor’s note: Ms Joweehlyn B.
Monthly financial reports should be shared with leadership on a consistent timeline. It can also trigger audits, repayment demands, and a breakdown of trust with your board and funders. Youre Behind on Compliance & Tax Filings Dodging deadlines for your 990, audits, or payroll filings? Youre playing with fire.
CFO Kfir Lippmann began his career at Ernst & Young in Tel Aviv, auditing high-growth tech clients and navigating the intricacies of IPO-bound businesses. His approach to finance leadership emphasizes transparency and data-driven decisions across all functions, not simply being the bad guy, Lippmann tells us. Salt Security www.
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.
The Philadelphia bank blamed previous leadership for delays in its audit and annual report. The lender has weathered board upheaval and a spike in trading when similarly named First Republic faltered.
Beyond the Boardroom: What Governance Really Looks Like Good governance doesnt start and end with your annual board calendar or the independence of your audit committee. Its about aligning leadership behaviour with company purpose, structuring accountability lines, and creating visibility into how decisions are madeand why.
They can reconcile accounts, update forecasts, and manage audit schedules. When reporting season, audits, or board meetings come up, mentoring is the first thing to fall away. If you want mentoring to work, it must be treated as a structured, trackable leadership activity. Third, it builds a reputation for leadership.
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Implement a Strict Conflict of Interest Policy Every nonprofit should require board members and key leadership to disclose conflicts of interest annually. This ensures accountability and makes audits or donor inquiries easier to manage. It allows for individual spending cards, built-in approvals, and easy receipt tracking.
Members’ Profile: Jean-Claude Marais In this edition of CFO Club Africa’s Members Spotlight, we are introducing Jean Claude Marais, a seasoned finance professional whose career reflects a blend of expertise, ambition, and leadership. Can you share some career highlights and defining moments? Leading by Example.
Your finance team looks to you for more than technical leadership. And in a world where financial scrutiny is rising from every angle SARS, audit committees, regulators, boards the strength of your team is a strategic asset. And it starts with leadership. Your employer brand especially in finance starts with you.
In just a few days, he and the leadership team developed a plan to reduce overlapping costs and improve operational efficiency. Subsequent roles at Technosource and VPay expanded his skills into operations, sales, and human resources, giving him the well-rounded experience necessary for senior leadership.
These are the three Ps that guide CFO Zach Johnsons data-driven approach to financial leadership. Precision involves rigorous financial processesclean audits, timely closes, and granular understanding of key metrics. These are the three Ps that guide CFO Zach Johnsons data-driven approach to financial leadership. []
Her career milestones include achieving two consecutive clean audits and contributing to South Africas GDP growth and unemployment solutions. She is passionate about mentorship, youth development, and ethical financial leadership. I received a clean audit in my position as an accountant for two consecutive years.
Its not just about avoiding penalties or surviving the audit. Adjustments are made late in the process to get the numbers right, but the audit trail is messy or missing. And when that happens, it doesnt just create audit tension. Control means that there is documentation, traceability, and auditability at every step.
Editor’s note: Audit is much more than a compliance requirement and is definitely not a declining industry, said Narissa Chen (pictured), Partner, Head of Audit & Assurance, Forvis Mazars in Singapore. She shared with FutureCFO what a career in audit offers and how female professionals can become audit leaders.
He reflects on the challenges he has faced, the leadership lessons he has learned, and his vision for the future, including a potential transition from CFO to CEO or consultant. These accolades reinforced my commitment to sustainable finance, transparency, and ethical leadership. How do you handle professional challenges?
Even small-scale fraud can raise questions about your competence or leadership. If you’re managing a fraud investigation internally, maintain a timeline and audit trail. Fraud Prevention as a Leadership Strategy The best CFOs arent just compliance expertstheyre risk leaders. Its a leadership imperative.
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