article thumbnail

How to Prepare for a Financial Audit

CFO Share

An audit evaluates: Compliance with accounting standards (GAAP or IFRS.) This will include auditor recommendations but also audit-process issues like communication, file sharing, and general project management. What Do Financial Auditors Look For? The validity and accuracy of financial transactions and records.

article thumbnail

Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC.

Finance 95
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

TEST Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC.

Finance 52
article thumbnail

Closing The Books, With An Eye On Process And Automation

PYMNTS

The move to embrace automation, said Krumwiede, represents a “slow evolution,” with inefficiencies still extant as there must be communication between departments and data must be compiled and formatted in the practice of reconciliation. But technological advances mean that there can be better integration between the two, he said.

IFRS 74
article thumbnail

Musings on Markets: Data Update 5 for 2022: The Bottom Line!

CFO News Room

Real estate and utilities are the two sectors that have not come back fully from the COVID effect, but materials, technology and communication services are now reporting significantly higher earnings that before the shut down. The numbers yield interesting insights. .

Marketing 130
article thumbnail

Data Update 5 for 2022: The Bottom Line!

Musings on Markets

Real estate and utilities are the two sectors that have not come back fully from the COVID effect, but materials, technology and communication services are now reporting significantly higher earnings that before the shut down. The numbers yield interesting insights.

article thumbnail

How to Build Shareholder Trust with Reliable Financial Reports

Planful

Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)-compliant, so you can focus on what matters—telling your company’s financial story. Planful allows you to tag collaborators within the platform, so you can communicate and collaborate asynchronously.