Wed.Sep 11, 2024

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Strengthening group audits - Who’s responsibility it is?

CFO News

In light of ongoing debates surrounding group audits, Ashok Haldia, a seasoned finance expert and Chartered Accountant, examines the complexities of SA 600 versus ISA 600 in group audits, exploring contentious issues related to responsibility, access to working papers, and the appointment of component auditors.

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Inflation slows to three-year low, clearing way for Fed rate cut

CFO Dive

The persistence of shelter cost inflation prompted futures traders to retreat from predictions that policymakers next week will cut the federal funds rate by a half point.

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U.S. annual inflation in August fell to 2.5%, lowest since February 2021

Tips Watch

By David Enna, Tipswatch.com U.S. annual inflation continued on a downward trend in August, falling from 2.9% in July to 2.5%, the lowest annual rate in 3 1/2 years. For the month, seasonally-adjusted inflation rose 0.

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CFOs’ AI adoption gains momentum: Gartner

CFO Dive

Sixty-six percent of finance leaders are more optimistic about the technology compared to last year, the study found.

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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CFO movements in August 2024: HCL Tech, Apple, Mphasis, and more leadership transitions

CFO News

August 2024 saw notable CFO transitions across major firms including HCL Technologies, Apple, Dr Lal PathLabs, Mphasis, Bata India, Lockton, Perfios, Shriram Properties, and Aditya Birla Sun Life AMC.

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More Trending

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Women CFOs bat for workplace safety, inclusion in corporate budgets

CFO News

Women finance heads have discussed with ETCFO the critical importance of mental security, robust safety infrastructure, and a transparent reporting culture.

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At The Money: Managing Bond Duration

Barry Ritholtz

 At The Money: Karen Veraa, Head of iShares US Fixed Income Strategy, BlackRock (September 11, 2024) Full transcript below. ~~~ About this week’s guest: Karen Veraa is a Fixed Income Product Strategist within BlackRock’s Global Fixed Income Group focusing on iShares fixed-income ETFs. She supports iShares clients, generates content on fixed-income markets and ETFs, develops new fixed-income iShares ETF strategies, and partners with the iShares team on product delivery.

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SM Auto Stamping CFO Suresh Jagdale resigns

CFO News

Manufacturing Company: In a statement to the BSE, SM Auto Stamping confirmed Jagdale’s decision to leave, citing other assignments as the reason for his departure.

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The Importance of Integrity in Leadership

CFO Talks

The Importance of Integrity in Leadership In the ever-evolving landscape of corporate governance, CFOs in South Africa play a pivotal role in shaping the ethical framework of their organisations. As stewards of financial integrity, CFOs are expected not only to manage the numbers but also to lead by example, embodying the values that define responsible and transparent leadership.

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Business Travel Expense Strategies for Everybody

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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Consumption loan portfolio expands 15pc to Rs 90 lakh cr in FY'24: Report

CFO News

India's consumption loan portfolio grew by 15.2% YoY to Rs 90.3 lakh crore as of March 2024, according to a CRIF High Mark report. The growth slowed from 17.4% in March 2023 due to deceleration in home loans. Personal loans and two-wheeler loans showed strong growth, while MSME lending displayed mixed results.

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New RMD Rules For Spousal Beneficiaries Of Retirement Accounts With SECURE 2.0’s “Spousal Election” Option

Nerd's Eye View

Among all the different types of retirement account beneficiaries, those who are the surviving spouse of the original account owner receive the most preferential tax treatment when it comes to distributing the account's assets after the owner's death. While non-spouse beneficiaries face strict timelines – either starting Required Minimum Distributions (RMDs) the year after the original owner's death and stretching them over their remaining life expectancy (if they were considered Eligible

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Consumer staples suppliers see stable prices this festive season

CFO News

Dealers and distributors are not stocking these commodities, which they generally do during the festive season, as the supply side is strong and they are lifting stock according to the requirement.

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Gartner: 58% of Finance functions use AI in 2024

Future CFO

More than half of Finance functions have been using artificial intelligence in 2024, with 58% using the technological advancement, according to a survey by Gartner, Inc. The Gartner survey, which polled 121 finance leaders, also found that half of the 42% of Finance functions that are not currently using AI are planning implementation. "AI adoption in the finance function is advancing quickly," says Marco Steecker , senior director, research in the Gartner finance practice.

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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Protesting Sebi employees yet to reach accord with management

CFO News

Sebi employees and its chief Madhabi Puri Buch remain at odds over HR issues, despite recent negotiations. Around three-fourths of Sebi's officers oppose a September 4 statement blaming external elements for staff complaints. Employees have staged silent protests, while Buch has not directly engaged in the talks.

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China asks its carmakers to keep key EV technology at home

CFO News

China has urged its carmakers to keep advanced EV technology within the country, even as they build factories abroad to avoid tariffs. The Ministry of Commerce advised exporting knock-down kits for final assembly overseas and warned against investments in India. This move aims to protect China's EV industry know-how.

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Private credit deals to touch USD 10 bln in 2024: Report

CFO News

Private credit deployments in India are expected to exceed USD 10 billion in 2024, according to a report by EY. The first half of 2023 saw over USD 6 billion in private credit transactions across sectors like real estate, infrastructure, and healthcare. Domestic funds are gaining market share, driven by local expertise and lower-cost domestic money.

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Renewable firms hiring talent across levels amid expansion

CFO News

India's renewable energy companies, including Adani Green Energy and Tata Power Renewable Energy, are ramping up hiring to support the nation's goal of net zero emissions by 2070. They seek talent in areas like project management, data science, and solar manufacturing. Companies are also collaborating with government bodies and engineering colleges for recruitment and upskilling initiatives.

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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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Business Travel sees incremental growth amid strong passenger demand & industry momentum

CFO News

In terms of accommodation, the average room rate across the top 100 corporate cities stood at USD182, showing a slight decline of USD 5 compared to H1-2023. The global hotel occupancy rate, as per STR’s July 2024 report, is forecast to hit 70 per cent. The car hire sector has also seen changes, with the global average daily rate for H1-2024 at USD54, marking a notable 26 per cent decrease compared to 2023.

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Quick commerce war expands into battle for leadership talent

CFO News

Poaching is rampant and Rs 2-3 crore salaries plus millions in stocks are on offer for top talent as the likes of Swiggy Instamart, Zepto, Blinkit and Flipkart focus on beefing up their leadership teams in the face of intensifying competition, recruiters and industry folks said.