Wed.Sep 27, 2023

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SEC fines CFO, others for stock trade filing ‘delinquencies’

CFO Dive

The charged corporate insiders and companies deprived investors of timely information related to over $90 million in transactions, SEC’s Gurbir Grewal said.

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Does India’s accounting watchdog NFRA have powers to check past audits?

CFO News

The Telangana High Court has ruled that the National Financial Reporting Authority does not have jurisdiction over audits prior to its constitution in October 2018. Legal and audit experts debate the issue.

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Trending Sources

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Non-profit’s former executives arrested for $3.7M fraud scheme

CFO Dive

The criminal charges follow a three-year investigation by the state of Florida into misconduct by the nonprofit’s former CEO and CFO.

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Where’s Everyone Going?

Barry Ritholtz

Mapped: The Migration of the World’s Millionaires in 2023 Source: Visual Capitalist The post Where’s Everyone Going? appeared first on The Big Picture.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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PayU Global CFO Aakash Moondhra resigns

CFO News

Moondhra joined PayU as its global CFO in September 2015.

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More Trending

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train reads: • 24 Things I Believe About Investing : Simple beats complex, timing matters less than your holding period, and a good strategy you can stick with is vastly superior to a great one you can’t. ( A Wealth of Common Sense ) • Even a Booming Economy Can’t Save Atlanta’s Office Market : Sunbelt city offers warning to others hoping to fill up office towers. ( Wall Street Journal ) • Private Equity’s Slow Carnage Unleashes a Wave of Zombies : A historic shakeup is thre

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CFOs cut software spend between 10% to 30%

Future CFO

CFOs are pressured to push mandates to cut software spend between 10% to 30%, as the current economic downturn, funding crunch facing businesses, and the race to be cashflow positive are forcing businesses to re-evaluate budgets and spending patterns, said CloudEagle recently. SaaS procurement and management platform CloudEagle has published a report after analysing US$400M in transactions—via the CloudEagle platform.

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Vedanta Ltd. is preparing to de-merge sprawling operations

CFO News

Vedanta Ltd. is reportedly considering a restructuring plan that would involve spinning off its businesses into separate listed entities. The move is aimed at helping Anil Agarwal, the tycoon behind the company, manage its debt load. The businesses that could be separately listed include aluminum, oil and gas, iron ore, and steel.

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Financial crime compliance costs rise in last 12 months, LexisNexis report says

Future CFO

Global financial crime compliance costs among financial institutions totalled over US$206 billion in the past 12 months, according to a LexisNexis risk solutions study. The cost represents more than 12% of global research and development expenditure or US$3.33 per month for each working-age individual in the world. LexisNexis’ annual True Cost of Financial Crime Compliance Report showed that nearly all financial institutions saw an increase in their financial crime compliance costs, with Asia-Pa

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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New smaller FMCG packs leave distributors in pain

CFO News

New smaller packs are "placing extra burden on retailers as they have to keep on adding new packs, leading to inventory management challenges, and impacting distribution efficiency," said Dhairyashil Patil, national president of All India Consumer Products Distributors Federation (AICPDF).

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Fractional CFOs for Startup Companies

Beacon CFO Plus

Providing Critical Financial Strategy, Cost Optimization, and More Hiring a fractional CFO for your startup is a strategic move that brings expert financial guidance without the full-time commitment. These are just a few reasons to consider working with a seasoned part-time CFO as you launch your business: Financial Strategy and Planning: Startups often lack the financial expertise needed to develop sound strategies and plans for sustainable growth.

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Google, Facebook, Edtech companies may have to pay up to 18% IGST

CFO News

As per a notification issued by the Central Board of Indirect Taxes and Customs these services will no longer be exempted from integrated goods and services Tax (IGST). "This will cover overseas companies providing advertising, cloud services, music, subscriptions based service, online education and even information to all individuals and government irrespective of whether it is used for personal or business purpose," a senior official told ET.

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Associate Spotlight: Michael Stier

Focus CFO

Discover Michael's journey joining FocusCFO to make an impact with SMBs. Explore Area President and Fractional CFO roles and a fulfilling career path.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Travel, tourism sector sees 44% jump in hiring in Aug: Report

CFO News

The travel and tourism industry in India experienced a 44% increase in hiring demand in August compared to the same month last year, driven by increased disposable incomes and higher spending on leisure and business travel. The sector had a significant decline in job postings during the pandemic but has seen a strong recovery this year as confidence in travel has returned.

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The 5 Best Corporate Performance Management Software

Spreadym

The Best Corporate Performance Management Software Determination of the best Corporate Performance Management software can be subjective and depends on the specific needs and preferences of the organization. Several CPM software solutions are widely recognized and have their unique features and advantages. Spreadym : Spreadym is a Corporate Performance Management platform that combines the flexibility of Excel spreadsheets and the high-productivity of data analytics.

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IT dept searches premises of Lenovo on evasion charges

CFO News

Officials also conducted a tax survey at the facilities of one of the vendors of Lenovo, official sources said. These searches were made in Bengaluru, Gurugram and Mumbai. Tax officials also conducted a survey at the facilities of Lenovo's contract manufacturer Flex in Tamil Nadu, said an official, requesting anonymity.

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Navigating The Double Consolidation Process To Help Parent PLUS Student Loan Borrowers Reduce Loan Burden

Nerd's Eye View

When it comes to advising clients on student loan issues, many financial advisors might first think about recent graduates seeking advice regarding the most effective way to pay down their balances. However, the number of Federal student loan borrowers over the age of 50 has increased significantly in the past 20 years, with many of these borrowers holding Parent PLUS loans that were used to help fund their children's undergraduate education.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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SAT reserves order in Punit Goenka vs SEBI matter

CFO News

The Securities Appellate Tribunal (SAT) has reserved order in ZEEL MD and CEO Punit Goenka's appeal against Sebi's order. Sebi banned him and his father Subhash Chandra Goenka from directorial roles due to alleged unauthorized money transfers within Essel Group companies. The order also prevents Punit from leading the Sony-Zee merger, despite regulatory approvals.

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3 valuation takeaways from fraud ruling in Trump asset case

CFO Dive

The judge’s ruling is a cautionary tale for financial executives who might look to disclaimers to defend a potentially flawed real estate appraisal.

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RBI, CCIL may extend trade time for overseas players

CFO News

"There will be an increase in bond volumes as we head near the JP Morgan index inclusion in June," a source aware of the matter said. "There could be a need for authorities to see if it is necessary for foreign trade reporting time or trade time on the Clearing Corporation of India (CCIL) to be extended.

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Gensler warns federal shutdown would freeze IPOs, SEC enforcement

CFO Dive

Democratic lawmakers predicted a partial government closure would harm the competitiveness of U.S. capital markets.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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Most NCLT vacancies filled, govt eyes faster clearances

CFO News

The Ministry of Corporate Affairs (MCA) is aiming for faster approvals of merger and acquisition (M&A) deals and quicker resolution of insolvency cases by the National Company Law Tribunal (NCLT). The MCA has filled most of the vacancies at the NCLT, bringing the total strength to 57 out of the sanctioned 63 members. The MCA has requested the NCLT to prioritize M&A cases under the Companies Act.

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Uber appoints Mahendra-Rajah as CFO

CFO News

Uber: Mahendra-Rajah was previously the CFO at vehicle technologies supplier WABCO Holdings.

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