E78 Partners

JANUARY 5, 2024

Audits are an essential part of ensuring that a company’s financial statements are accurate and compliant with accounting standards. Proper preparation is critical in navigating the post-acquisition audit process smoothly, minimizing disruptions, and providing timely, accurate information to stakeholders.

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Future CFO

NOVEMBER 7, 2023

In today's fast-paced world, creating an effective audit procedure is critical for companies to remain competitive and adhere to evolving regulations. Through this, companies can be certain their audits are completed accurately and quickly. The post A finance leader's guide for successful audit appeared first on FutureCFO.

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CFO News

JUNE 28, 2023

According to the sources privy to the development, the airline's EY-backed Resolution Professional Anooj Ajmera and Interim CEO Kaushik Khona made a detailed presentation to the DGCA officials on the revival plan. DGCA will also conduct an audit to assess the airline's operational preparedness once it completes the scrutiny of the documents.

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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?

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CFO News

MARCH 24, 2024

RBI initiates special audit for IIFL Finance Ltd and JM Financial Products Ltd due to gold loan concerns. Inspection revealed deviations in gold assaying. Auction process impact customers' interests. Loan restrictions imposed by RBI.

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Future CFO

JANUARY 22, 2024

Two audit firm solutions of Wolters Kluwer have been pre-approved by the Infocomm Media Development Authority (IMDA), a statutory board of the Singapore government, said Wolters Kluwer Tax & Accounting (TAA) Asia Pacific (APAC) recently.

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CFO News

JANUARY 30, 2023

The audit will be commissioned after the group's unit, Adani Enterprises Ltd, completes its follow-on public offering, based on which legal options will be decided, the report said, citing two people with direct knowledge of the matter.

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CFO News

JULY 19, 2023

Go First, India's first airline to voluntarily seek bankruptcy protection, might need to either scale down its proposed resumption routine or hire more hands after a regulatory audit found the grounded carrier lacks the required number of pilots, engineers and trainers to restart operations at the level initially planned.

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CFO Dive

OCTOBER 9, 2023

Jamie Miller departed from the Big Four firm just weeks following the failure of its plan to split its audit and consulting business into two distinct entities.

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CFO News

MARCH 4, 2024

The National Financial Reporting Authority (NFRA) plans to conduct annual inspections of major audit firms to ensure compliance with standards and protect investors. The regulator will engage with audit committees and boards, expand inspections, and address issues related to financial statements and auditor independence.

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Future CFO

SEPTEMBER 1, 2021

Audit functions that fail to adapt well to hybrid auditing risk a loss of effectiveness and influence at a time when real-time assurance has never been more vital to the wider organisation, said Gartner recently. Below are some of the best practices.

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E78 Partners

SEPTEMBER 21, 2023

Audits, while essential for maintaining the integrity and trustworthiness of an organization’s financial reporting, can be a daunting task. This is not just because of the intricacies and specificities required by the auditing standards but also due to the numerous challenges faced by organizations in the run-up to an audit.

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Global Finance

MAY 3, 2023

EY, one of the “Big 4 Four” auditors, is postponing plans to split its auditing and consulting units. The firm’s global executive committee remains “committed to creating two world-class organizations that further advance audit quality, independence and client choice.” ” Codenamed.

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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.

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E78 Partners

SEPTEMBER 28, 2023

Leveraging Interim Solutions Interim solutions emerge as a strategic response to this talent shortage, particularly during the critical period of budgeting and planning and year-end season. They can bring fresh perspectives and innovative solutions to the table, enhancing the quality of financial planning and decision-making.

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CFO News

JUNE 13, 2023

Carmine Di Sibio, who has headed the group since 2019, was supposed to oversee the break-up until the end of his mandate in 2025 but the project was rejected by its US branch in April.

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Future CFO

MARCH 21, 2022

The top challenge for internal audit leaders this year is how they can attract talent with nontraditional skills, said Gartner recently. 57% of chief audit executives said that attracting talent with nontraditional skills was an important or extremely important issue for them in 2022. Survey highlights.

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Auditing Technology Planning Marketing 52

Future CFO

NOVEMBER 22, 2023

Accountants play a role in helping out people who lack the foresight of what happens in the future of their properties, holding a crucial and very important position in the process of estate planning. Estate planning CPAs specialise in the field and are up-to-date on the changing laws and taxation of estate planning.

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CFO Dive

APRIL 12, 2023

Back in September, the Big Four accounting firm announced plans to split its auditing and consulting arms into two entities. Now, ‘Project Everest’ has been halted.

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CFO News

APRIL 11, 2023

The company had announced plans for the split in September, setting the stage for what could have been the biggest shake-up in the sector in more than two decades. The London-based firm, which is one of the Big Four accounting giants, said the split could ease regulatory concerns over potential conflicts of interest.

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CFO News

JUNE 14, 2023

India’s national auditor plans to explore new areas, including shipping and underwater extraction industries, to produce greater audit reports as it adopts digitalisation and data standardisation. Comptroller and Auditor General of India Girish Chandra Murmu noted that using drones and satellites had become integral to the process.

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CFO Dive

APRIL 7, 2023

The federal tax collector plans to expand enforcement staff and reverse a decline in audit rates for businesses and households earning more than $400,000 per year.

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Future CFO

AUGUST 10, 2021

The growing audit control gaps can result in higher organisational risk, said Gartner recently when releasing results of its survey of 200 audit business partners in February. For audit leaders, the real problem is not the change itself,” said Ian Beale vice president, advisory at Gartner. Survey highlights. Survey highlights.

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Auditing Leverage Planning 52

Future CFO

MARCH 28, 2021

The internal audit function faced both declining budgets and a significantly expanded workload in 2020, according to Gartner survey of 299 internal audit organisations in 2020. The obvious implication, if the picture doesn’t become more balanced, is that audit leaders will have to make tough coverage trade-off decisions.”

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PYMNTS

MAY 4, 2020

Despite an audit that raised questions about operations at Wirecard, a publicly traded financial services provider based in Munich, its CEO has ignored calls to resign. The survey by KPMG, a global auditing firm, criticized the company’s lack of transparency and cooperation. The company employs 5,300 workers.

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Auditing Compliance Economics Planning 64

Future CFO

NOVEMBER 23, 2020

Chief audit executives (CAEs) have listed IT governance as the top risk for 2021, said Gartner recently. The Audit Plan Hot Spots Report indicates that IT governance is displacing data governance, which was the top entry for 2020 and is in second position for 2021. Audit Plan Hot Spots Dashboard.

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PYMNTS

JULY 6, 2020

The Big Four accounting firms will have to put their United Kingdom auditing and consulting practices in separate business units by 2024, but may keep them within the same parent companies, under regulations announced today by the Financial Reporting Council. The measures by the U.K.’s

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Auditing Accounting Firms Financial Reporting Accounting 66

CFO Talks

FEBRUARY 10, 2023

Stiles CFO Lili Grobler on what her auditing degree didn’t teach her Lili Grobler is the CFO of Stiles since 2016, a growing business based in George. In a corporate auditing firm, theoretically you only apply legislation and it’s like a ticking exercise, you did this, you didn’t do that.

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CFO Share

AUGUST 22, 2022

Should we expect more audits and fines? This austerity, compounded with complex Covid tax relief measures, means the IRS is 6+ months behind in processing tax returns, audits, and even opening the mail. At CFOshare, we hope the money will implement the IRS Modernization plan, speeding up processing and online interfaces.

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Spreadym

MARCH 9, 2023

Microsoft Excel is a widely used tool for budgeting and corporate planning, but it has several limitations and potential issues when used for these purposes. This can lead to inconsistencies and inaccuracies in the data, which can negatively impact the accuracy of your budgeting and planning. Here are some of the most common issues.

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CFO News

JANUARY 29, 2024

These organisations may have to undertake “mandatory internal and external information security audits” and report the findings of these audits to their respective sectoral regulator, as per the proposed national cybersecurity reference framework.

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CFO Dive

JULY 8, 2022

High inflation and tight labor markets have compelled many CFOs to revise business plans during the past several months. Most audit partners see the two challenges persisting.

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PYMNTS

JULY 11, 2019

s so-called Big Four accountancy firms — KPMG, PwC, EY and Deloitte — have reportedly failed to reach audit quality standards set by the Financial Reporting Council , Reuters reported this week. Only 75 percent of the audits of the U.K.’s It will review a larger number of the firm’s audits in the coming year. All of the U.K.’s

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PYMNTS

JUNE 6, 2019

auditing giant to overhaul operations amid growing regulatory scrutiny on the industry. PwC is reportedly planning to ramp up its auditing operations by hiring 500 more auditors across the U.K., The company will also deploy a digital audit team, strengthen training operations and review existing clients. .”

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Auditing Investments Planning Marketing 46

Future CFO

NOVEMBER 20, 2022

Cyberthreats and IT governance are among the top concerns of auditors in 2023, said Gartner recently when releasing the Gartner 2023 Audit Plan Hot Spots Report. The post What are top concerns of auditors in 2023? appeared first on FutureCFO.

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PYMNTS

SEPTEMBER 10, 2019

9) with plans to strengthen its artificial intelligence capabilities. Earlier this year AppZen announced the expansion of its product offering, adding a feature that allows businesses to automate accounts payable spend analysis and vendor invoice auditing.

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PYMNTS

NOVEMBER 13, 2018

Parliament will commence an inquiry into the nation’s corporate auditing market, which is currently dominated by the Big Four accounting firms Deloitte, PwC, EY and KPMG, adding new pressure on an industry already being probed by other policymakers. Reports in Reuters on Sunday (November 11) said the U.K.

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