Generative AI hits 28% usage rate, spreads throughout US workplace: NBER
CFO Dive
OCTOBER 3, 2024
By March generative AI’s most common tools had been accessed more than 3 billion times by hundreds of millions of users every month.
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Print journalism: For me, it’s the end to an era
Tips Watch
OCTOBER 3, 2024
Newspaper companies once had a near-monopoly on local advertising. But the best businesses have to keep adapting. By David Enna, Tipswatch.com Today, after 38 1/2 continuous years, I let my subscription to the printed Charlotte Observer expire.
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AICPA, NASBA draft new CPA rules for states to model
CFO Dive
OCTOBER 3, 2024
The proposed update to the Uniform Accountancy Act is a key step toward opening a path to CPA licensure that requires fewer college credits.
Identifying Types of Fraud in Organisations
CFO Talks
OCTOBER 3, 2024
Identifying Types of Fraud in Organisations Fraud can strike any organisation, regardless of size or industry, and its impacts can be severe ranging from financial losses to reputational damage. For CFOs, identifying and mitigating fraud is crucial to safeguarding the organisation’s assets and maintaining stakeholder trust. This article provides an in-depth look at the common types of fraud in organisations, how to spot them, and actionable tips on prevention. 1.
Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future
Speaker: Joe Wroblewski, Sales Engineer Manager
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
OpenAI boosts valuation with $6.6B funding round
CFO Dive
OCTOBER 3, 2024
The move comes amid speculation that OpenAI may be considering an initial public offering and as its CFO has been actively touting the company’s strategy.
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Harvard Endowment Underperformance, part MMXXIV
Barry Ritholtz
OCTOBER 3, 2024
I used to spill a lot of ink about how terrible the Harvard Endowment was, especially their heavy overweight in Hedge Funds. I stopped not because they got any better, but simply due to the annual performance disaster was boring to keep writing about. Worse still, this was a self-inflicted wound, caused by irate alumni upset at how much the Harvard Management Company (aka The Endowment) was paying their outperforming staff: “Let’s start with Dr.
CFOs' building blocks for sustainability reporting success
Future CFO
OCTOBER 3, 2024
As CFOs are faced with the critical role in crafting a clear sustainability reporting plan that not only meets compliance requirements but also drives value, it is essential for finance leaders to fully understand the main areas where their organisations need to focus. According to a Deloitte report, organisations must look into various areas including people, processes, and data to evolve their reporting capability.
Cost Management: Three Ways to Nearshore Labor
CFO Share
OCTOBER 3, 2024
As the US trade war with China enters its 7th year, hundreds of businesses are looking to nearshore labor as a growth solution. Nearshoring is an attractive strategy for businesses looking to optimize costs while maintaining quality. Hiring in low-cost countries near the United States offers the expense reduction of offshoring with fewer logistical challenges from time zones and cultural differences.
BMO experts: what a changing interest rate environment means for you
Bank of the West
OCTOBER 3, 2024
On September 18, the U.S. Federal Reserve announced its first interest rate cut in more than four years, following a historic period of rising rates to target inflation. You might… Read more The post BMO experts: what a changing interest rate environment means for you appeared first on About BMO.
Live Demo - Supercharge your Month End Close
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Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
Kitces & Carl Ep 148: Making It Easier To Get Started By NOT Building In Public And Focusing On Version 0 Instead
Nerd's Eye View
OCTOBER 3, 2024
"Building in public" is a common piece of advice for tackling new challenges – whether launching content, starting a business, or setting personal or professional goals – as public commitment fosters accountability and motivation, tapping into the human desire to avoid embarrassment. While this approach can be effective, it ultimately poses its own difficulties; for example, when stakes are public, advisors may feel pressured to endlessly perfect their offerings and over-commit their
India’s Services PMI falls to 57.7, slowest expansion since November 2023
CFO News
OCTOBER 3, 2024
In September, India's Services PMI fell to 57.7 from 60.9 in August, marking the slowest growth since November 2023 (56.9). Export demand weakened, with growth at its lowest pace in 2024. Input cost inflation rose, while the increase in selling prices slowed to a two-and-a-half-year low. Despite these pressures, domestic demand remained robust, and employment continued to rise.
The Power of Platform Growth: CFO Sandeep Aujla’s Formula for Intuit’s Expansion
CFO Thought Leader
OCTOBER 3, 2024
Growth Imperatives in Focus : Inside the mentoring Round CFO Sandeep Aujla of Intuit shares key strategies for platform growth—customer expansion, breakthrough adoption, and a “better together” approach. It’s all about delivering more value across the platform, Aujla explains. 1,016: When Career Years Are Investment Years | Sandeep Aujla, CFO, Intuit The post The Power of Platform Growth: CFO Sandeep Aujla’s Formula for Intuit’s Expansion appeared first on CFO THOUGHT LEA
Indian economy amid the Israel-Iran war
CFO News
OCTOBER 3, 2024
Iran, as a key OPEC member and a major player in the global oil market, holds substantial sway over oil prices. The deepening Israel-Iran conflict is set to heighten geopolitical tensions, further unsettling economies worldwide, including India.
Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback
Advertiser: Paycor
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
There will be no change in policy on multi-brand retailing: Piyush Goyal in US
CFO News
OCTOBER 3, 2024
Union Minister Piyush Goyal emphasized that India will not permit multi-brand retail, as it would harm local mom-and-pop stores. He underscored India's openness to other economic reforms, allowing full foreign ownership in sectors like defense and space, with some safeguards to prevent money laundering.
FIIs withdraw Rs 32,000 crore but India has Rs 2 lakh crore war chest to save Nifty from Israel war
CFO News
OCTOBER 3, 2024
In just 4 trading sessions, Sensex dropped over 3,300 points as FIIs pulled out nearly Rs 32,000 crore from D-Street. China's market appeal and growing fears over the Iran-Israel conflict have spooked global investors. With concerns over high valuations as retail investors remain confident across price points, there is rising uncertainty about a potential market crash during the festive season.
India to take five years to almost achieve an income feat that earlier took 75 years: Nirmala Sitharaman
CFO News
OCTOBER 3, 2024
Finance Minister Nirmala Sitharaman stated that India's per capita income is projected to increase by $2000 in the next five years. She highlighted the young demographic, which drives consumption growth, and noted the maturity in India's innovation and financial sectors as catalysts for future economic growth.
CK Birla Healthcare eyes $150 million fundraise via stake sale
CFO News
OCTOBER 3, 2024
CK Birla Healthcare, part of the CK Birla Group, aims to raise around $150 million by selling a minority stake. Funds will be used for expansion and debt reduction. The healthcare arm, featuring multiple hospitals and IVF centers, recorded a 34% revenue growth in FY24.
Your Accounting Expertise Will Only Get You So Far: What Really Matters
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
PwC India ties up with Meta for GenAI solutions
CFO News
OCTOBER 3, 2024
The collaboration aims to drive the widespread use of Generative AI (GenAI) in both enterprise and public services, positioning India as a leader in digital innovation.
Office space transactions mark a record in Q3 2024 highest since Q1 2018: Knight Frank
CFO News
OCTOBER 3, 2024
This represents an 18 per cent year-on-year (YoY) increase from 16.1 mn sq ft in Q3 2023. The report highlights a strong year-to-date performance, with 53.7 mn sq ft of leasing recorded in the first nine months of 2024--27 per cent higher than the same period last year.
GST Rate Cut: Tax on several mass-use products may be reduced
CFO News
OCTOBER 3, 2024
A ministerial panel on GST is considering reducing rates on essential items like medicines and tractors to 5%. Health and term insurance may also see lower rates. The panel, led by Bihar deputy CM Samrat Chaudhary, will finalize these decisions soon. Revenue implications and the number of slabs are key considerations.
We must make the law on fiscal targets more biting, says ex-RBI governor C Rangarajan
CFO News
OCTOBER 3, 2024
C Rangarajan emphasizes the need for stricter fiscal laws to manage deficits and debt, and highlights the importance of boosting investments and improving capital efficiency. He advocates for higher infrastructure investments and better banking practices to support India's economic growth beyond the middle-income threshold.
The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
GIFT Nifty down 105 points; here's the trading setup for today's session
CFO News
OCTOBER 3, 2024
Immediate support is seen at 25,000, followed by 24,750, while 25,500 is expected to act as the immediate resistance. Traders should closely monitor these key levels, as a break below support could trigger further downside, while resistance at 25,500 may cap any short-term recovery attempts, said Hardik Matalia of Choice Broking.
Iran-Israel conflict may work in favour of Indian diamond exporters, says Vipul Shah, chairman Gem & Jewellery Export Promotion Council
CFO News
OCTOBER 3, 2024
The ongoing Iran-Israel conflict is expected to benefit India's exports of cut and polished diamonds due to a decrease in Israeli shipments. However, rising oil prices may harm the global economy, potentially affecting demand. India's diamond exports were down 20% in the initial months of fiscal 2025.
AI helping companies make more money, adding up to 20% to profits: report
CFO News
OCTOBER 3, 2024
Generative AI is the prime mover of the current wave of technological change and companies leveraging on AI can make remarkable profits up to 20%.
NFRA emphasises statutory auditors' obligations in group audits amid audit failures
CFO News
OCTOBER 3, 2024
NFRA said it has observed gross negligence and audit failure in audits of group financial statements.
Doing More With Less: The Modern Finance Miracle
Speaker: Mark Gilham, FCCA, CPP
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
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