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.

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Auditing Finance Compliance Construction 52

CFO News

AUGUST 2, 2023

Sudhir Soni also stressed retaining high-quality talent in audit and responding to rapid technology changes are the top two challenges facing the accounting profession.

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Auditing Accounting Technology 98

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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Auditing Practice Management Accounting Firms Accounting 52

Future CFO

NOVEMBER 28, 2023

A finance leader must be able to fully understand the trends in sustainability and the challenges associated with climate change, incorporating such practices in the organisation's overall audit process. The post Climate risks as a consideration in audit processes appeared first on FutureCFO.

Auditing 52

Auditing Finance Financial Reporting Leverage 52

CFO News Room

DECEMBER 2, 2022

When Frances Lawrence was first brought in as Financial Director at software company FISCAL Technologies in 2019, the business was in real need of working capital to accelerate the growth curve. . Frances’ beginnings at FISCAL Technologies. The post Frances Lawrence, CFO, FISCAL Technologies appeared first on GENCFO.

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Technology CFO Benchmarking Auditing 130

CFO News Room

DECEMBER 16, 2022

Maxar Technologies – Shares of the satellite owner and operator surged 122% following news that private equity firm Advent International will acquire the company and take it private in a deal valued at $6.4 gained access to necessary audit documents. Meta Platforms – Shares of Meta Platforms rose 3.5% billion, or $53 a share.

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Technology Auditing Advertising Forecasting 130

Future CFO

JULY 16, 2023

The top priorities for chief audit executives (CAEs) in 2023 are advancing data analytics, providing assurance on proliferating digital risks, and talent management, said Gartner recently. CAEs’ focus on providing assurance over technology and digitalisation and advancing audit’s use of data analytics is not new,” said McKnight.

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Auditing Communication Technology Investments 52

The Charity CFO

NOVEMBER 30, 2023

Does the idea of an audit from the IRS leave you with sweaty palms? Most nonprofit leaders aren’t accountants and the thought of getting audited is a sizable fear. Luckily, being prepared can help you avoid accounting mistakes that could come up in a nonprofit audit. The investment now will save you in the future.

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Nonprofit Auditing Compliance Education 52

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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Auditing Communication Construction Leverage 52

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

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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Auditing Accounting Accounting Firms Practice Management 52

CFO News

JUNE 14, 2023

The members further agreed to invest in capacity development on artificial intelligence within SAIs through targeted training in tools, technologies, and know-how for AI audits and auditing AI frameworks.

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Auditing Investments Technology 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.

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Technology Finance Auditing Accounting 52

CFO Dive

MAY 4, 2023

Despite recent technological advances transforming auditing processes, KPMG’s Sebastian Stöckle says people will always play key roles.

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Auditing Technology 248

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.

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Finance Auditing Compliance Leverage 98

PYMNTS

JANUARY 26, 2021

Usually, the auditing workflow involves looking at expense reports filed by employees, with a focus on identifying potentially erroneous or even fraudulent transactions. Digitizing and centralizing spend across various departments and workflows is the first step to enhancing the auditing process, said McCrossan.

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Auditing Invoicing Compliance Accounts Payable 75

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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Auditing Budgeting Banking Securities 52

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. Source: Gartner (November 2020).

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Auditing Risk Management Securities Planning 52

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

Future CFO

MAY 5, 2020

BlackLine said on Monday that it will offer BlackLine Remote Audit on a complimentary basis to a limited number of qualified customers that sign on by June 1. The post BlackLine to offer remote audit solution on a complimentary basis appeared first on FutureCFO.

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Auditing Finance Technology Numbers 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?

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Auditing Restructuring Treasury Budgeting 40

PYMNTS

AUGUST 19, 2019

Firms auditing expenses through manual processes and outdated technologies risk missing the chance to flag erroneous or fraudulent submissions from vendors and employees. Deploying technology — especially artificial intelligence (AI) — can streamline the auditing process and boost cost savings significantly.

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Auditing Accounts Payable Invoicing Healthcare 56

PYMNTS

APRIL 29, 2020

Any small business getting an emergency coronavirus loan from the Small Business Administration (SBA) greater than $2 million will be subject to an audit, Treasury Secretary Steven Mnuchin said. Conducting audits of so many businesses could prove to be a near-impossible undertaking. They’ll do bare-minimum checks.”.

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Auditing Treasury Budgeting Banking 61

PYMNTS

JUNE 5, 2020

CaseWare International ‘s new technology will attempt to let accountants and auditors work better with customers, particularly as the world emerges from the coronavirus pandemic. With CaseWare Audit, the risk of duplicate work and accidental over- or under-auditing is done away with due to the cloud-based software.

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Auditing Accounting Leverage Numbers 52

PYMNTS

APRIL 26, 2020

Accounts receivable (AR) platform SurePayd is responding to the coronavirus pandemic by reducing the costs for its remote migration audit services for the next two months for companies that need to go on the cloud during the crisis, according to a press release.

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Auditing Invoicing Accounting Technology 56

PYMNTS

SEPTEMBER 10, 2019

Expense management and reporting technology firm AppZen announced a $50 million fundraise Monday (Sept. Our AI technology changes that as it … learns from those data, intelligence from thousands of internal and online sources, and the collective feedback from millions of hours of finance professionals’ time.”.

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Auditing Accounts Payable Invoicing Compliance 43

Future CFO

DECEMBER 13, 2020

As organisations plan for the year ahead, the COVID-19 world has reshaped the landscape of technology risks. In September/October 2020, ISACA and Protiviti conducted a global survey of more than 7,400 IT audit leaders and professionals to obtain their perspectives on the top technology risks their organisations will face in 2021.

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Technology Auditing Planning 40

Future CFO

JUNE 6, 2021

The post Blockchain and the future of audit appeared first on FutureCFO. EY sheds light on how blockchain can change reporting and the role of the finance function.

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Auditing Finance CFO Technology 40

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.

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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?

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Finance Accounting Auditing IFRS 95

Future CFO

APRIL 15, 2024

The new technological advancement paves way for powerful insights and trends to help out finance professionals to streamline audits and boost risk management and compliance. BlackLine, Inc. launched its generative artificial intelligence -powered Journals Risk Analyser, empowering finance and accounting leaders with anomaly detection.

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Finance Auditing Compliance Risk Management 52

CFO News

FEBRUARY 26, 2023

According to the Caseware International survey report, firms are adopting new technologies at a rapid pace to attract and retain talent, connect with clients and increase insights. Here are the challenges they face in the process, and how tech is playing its role to overcome:

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Auditing Accounting Technology 97

PYMNTS

JUNE 14, 2017

Worse, researchers found many companies are using manual processes to audit hotel prices and to use those negotiated rates, making it more difficult for a business to identify when it’s losing out on savings. But that auditing is infrequent, with just 3 percent reporting that they audit this information every week.

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Auditing Invoicing Technology B2B 43

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.

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Technology Auditing CFO Financial Reporting 40

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.

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Securities Technology Auditing Accounting 68

https://trustedcfosolutions.com/feed/

MARCH 22, 2023

The Tech Stack for Your Accounts Payable Technology has revolutionized how we do business, and accounting is no exception. Optical Character Recognition (OCR) Technology. OCR technology scans and digitizes your invoices and receipts, making it easier to stay organized.

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Accounts Payable Accounting Invoicing Reconciliations 108

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? (

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Auditing Economics Investments Planning 108