Thu.May 11, 2023

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PwC, KPMG China audits are flawed: PCAOB

CFO Dive

The PCAOB findings follow U.S. success in overcoming opposition from Beijing to the inspection of audits of China-based companies listed on U.S. stock exchanges.

Auditing 294
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Barcode Scanners Improve your Warehouse - Top 5

Navigator SAP

A barcode scanner is a device that reads barcodes and converts them into digital data. When integrated with an enterprise resource planning (ERP) system, a barcode scanner can significantly improve inventory accuracy. An ERP system is a software solution that integrates all the different departments of a company into one central system to manage their operations more effectively.

Planning 130
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Trending Sources

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GlobalFoundries taps former Amazon exec for CFO seat

CFO Dive

The new finance chief of chipmaker GlobalFoundries previously served as CFO of Amazon’s cloud computing business.

CFO 269
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Join Navigator at the 2023 Bio International Convention in Boston

Navigator SAP

The BIO International Convention attracts 14,000+ biotechnology and pharma leaders for one week of intensive networking to discover new opportunities and promising partnerships. Navigator Business Solutions will be attending the 2023 Bio International Convention in Boston, MA June 5th - 8th.

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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

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Disney to cut back streaming content as subscriber count slumps, CFO says

CFO Dive

Disney’s restructured content strategy comes as the company faces legal battles, a changing entertainment environment and the impact of AI.

More Trending

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FASB moves to tweak carried interest accounting

CFO Dive

The FASB’s proposed changes to accounting guidance on so-called carried interest isn’t likely to make the same kind of waves that proposed changes to related tax rules caused.

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Grant Thornton sees its CFO advisory business growing by 45% in FY24

CFO News

Grant Thornton Bharat may hire 400-500 people under its CFO advisory practice during FY24 to add to its existing size of 650 plus dedicated workforce in that domain.

CFO 105
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Beyond Meat CFO plans turnaround as revenue falls

CFO Dive

The maker of plant-based meat reported a 15.7% year-over-year revenue drop as inflation and shrinking demand weighs heavily on the sector.

Planning 258
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Inflation in some commodities seen, pockets of stress remain : Dabur CFO

CFO News

With the question in every CFO's mind running if inflation remains a concern for them for this fiscal where dealing with higher raw materials prices and hedging the currency also become priority , Jain feels there are pressures on some commodities and rural demand has been affected due to the continued inflationary pressure.

CFO 104
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Live Demo - Supercharge your Month End Close

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

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Former Target CFO heads to Nordstrom

CFO Dive

Cathy Smith, most recently chief financial officer at Bright Health Group, is taking the job left open by Anne Bramman last year.

CFO 130
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CBIC mandates e-invoice for firms worth Rs 5 cr turnover to curb tax evasion, errors; boost revenue

CFO News

The move will bring most of the companies in the small and micro level into the tax fold and take the economy towards a more tax paying business population – the stated objective of the government as it inches towards a formal economy.

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The Power of Onboarding: Setting New Employees Up for Success

CFO Talks

By  Jeff Ryan , Managing Director for AWCape, a Platinum Sage Business Partner Have you ever heard of someone or a colleague who left their new job within the first two months of joining?  If the onboarding process is executed effectively and comprehensively, instances like these can be significantly minimized. Onboarding new joiners is a complex process that involves multiple teams and stakeholders, including HR, IT, the new hire’s direct manager, and more.

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Shell firms availing fake ITC claims under scanner of tax authorities

CFO News

According to a report officials have prepared a detailed list of entities and their beneficiaries that allegedly created multiple shell firms to represent fake transactions and the tax authorities will target such entities during the next two-months.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

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.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: P&G, Terreno Realty, Toast & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Rise of platform frauds

CFO News

Every major business, specifically finance companies, is going through a Titanic phase today. They are aware of cyberfrauds and hackers. which is akin to an iceberg situation; they don’t know when it will hit the system. They don't know whether the firewalls they have built will be compromised or not.

Finance 94
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Register Now for Future Proof 2023!

Barry Ritholtz

SAVE THE DATE: Future Proof 2023, September 10-13 We hosted the first Future Proof conference last year, and it was quite delightful (see all of the reviews here ). This year, we are upping the ante, with more guests speakers, more live podcast recordings, and more fun! I think for RIAs, it is the most important conference event of the year, as do others ( Best Conference Experience for 2023 ).

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Investments via PLI schemes top priority: Nirmala Sitharaman

CFO News

She is in Tokyo to attend the G7 meeting. India, which has the G20 presidency for the current year, is an invitee to G 7 finance ministers and central bank governors meeting.

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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.

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Life Sciences Venture Capital Monitor – Europe 04/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Life Sciences Venture Capital Monitor – Europe 04/2023”. The Monitor is a monthly published overview of venture capital trends in the European Life Sciences. Read more The post Life Sciences Venture Capital Monitor – Europe 04/2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Asian economic outlook: Domestic demand remains strong despite monetary tightening

Future CFO

The Asian economic outlook stays positive as the region’s domestic demand has so far remained strong despite monetary tightening, said IMF recently at its press briefing on Economic Outlook for Asia Pacific and Korea. Growth in Asia and the Pacific is projected to increase this year to 4.6%, up from 3.8 % in 2022, though external demand for technology products and other exports from Asia is weakening, IMF noted.

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It’s Elon Musk in a wig! Twitter welcomes new CEO with memes

CFO News

The new person is also replacing Elon Mu as boss of Twitter’s newly named X Corporation parent.

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Beyond Numbers: 3 Qualities Your CFO Should Bring to the Table

Focus CFO

As the owner of a small to medium-sized business, you recognize the vital role a Chief Financial Officer (CFO) plays in your organization. Gone are the days when CFOs were simply gatekeepers of financial information. Today's CFOs wear many hats - they are strategists, innovators, and most importantly, leaders. Drawing on insights from a comprehensive study by EY Organization and the University of Oxford’s Saïd Business School study, we've identified three key qualities your CFO should embody to

CFO 52
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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.

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Mauritius-based Wadia Group company took $300 million loan from Deutsche Bank

CFO News

Deutsche Bank provided loans of $300m to Leila Lands, a Mauritius-based Wadia Group company, against the creation of a lien, or legal responsibility, on the inflows of Associated Biscuits International, which owns 44.76% of Britannia Industries. During the same period, Leila Lands created fixed deposits worth $190m to finance Go First that were used to secure financing from Deutsche Bank.

Banking 52
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Rewiring FP&A to Better Serve Business Ops | Bobby Leibrock, CFO, Red Hat

CFO Thought Leader

CFO GUEST: Bobby Leibrock, CFO, Red Hat 897: Satisfying a Growth Appetite | Bobby Leibrock, CFO, Red Hat Software At Avalara, we’re building cloud-based tax compliance solutions to handle every transaction in the world. Imagine every transaction you make — every tank of gas, cup of coffee, or pair of sneakers, every movie ticket, meal kit, or streamed song, every sensor-to-sensor ping.

CFO 52
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2 Adani Group stocks to exit from MSCI Global Standard Index

CFO News

Adani Transmission and Adani Total Gas will be removed from the MSCI Global Standard Index, resulting in outflows of $201m and $186m, respectively, on May 31, 2023, according to Nuvama Alternative & Quantitative Research. The stocks carry weights of 0.34 and 0.31 each. Meanwhile, Zomato's weight in the index will rise by 10 bps to 0.3, triggering inflows of $59m and an addition of 77 million shares.

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Outsourced bookkeeping for a nonprofit

The Charity CFO

Bookkeeping is a critical component of running a successful nonprofit organization. It involves the management of financial transactions and the maintenance of accurate records to ensure that your organization remains financially healthy and compliant with the law. However, managing bookkeeping in-house can be time-consuming and expensive, which is why many nonprofits are turning to outsourced bookkeeping services.

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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.