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From a Press Release dated July 31, 2025, Costa Mesa, California Experian recently announced the launch of the Experian Assistant for Model RiskManagement , an AI-powered solution designed to help financial institutions manage and govern their models more efficiently throughout the entire model development lifecycle.
financialreporting leaders indicated in a KPMG study that ethical concerns, such as bias or misinformation, are a barrier to AI adoption — down from 48% in 2023. financialreporting leaders reported that risks from using algorithms without human oversight are a barrier — down from over half (51%) in 2023.
You can unsubscribe at anytime. billion valuation. Registered in England and Wales. TechTarget, Inc.s registered office is 275 Grove St. Newton, MA 02466.
Did you know that 35% of organizations identify data quality and timeliness as significant barriers to effective financial planning and analysis (FP&A)? This issue hampers forecasting accuracy, riskmanagement, and resource allocation. Automate data collection for consistent reporting.
First and foremost is financial acumen—understanding financialreporting, budgeting, forecasting, and compliance is foundational. As a CFO, you will need to manage and inspire teams, work with other executives, and communicate financial insights in a way that non-financial stakeholders can easily understand.
Strengthening Internal Controls and RiskManagement Internal controls form the backbone of audit readiness. Take a critical look at areas prone to audit issues—such as revenue recognition, procurement, impairment, and financialreporting—ensuring that controls in these high-risk areas meet compliance standards.
Despite these favorable conditions, successful IPOs require meticulous preparation, robust financialreporting, and a governance framework that instills investor confidence. Companies must ensure they are operationally, financially, and strategically ready for the transition to public markets.
Repetitive tasks, such as financialreporting, are increasingly being automated, freeing up finance professionals to focus on strategic initiatives. A recent report by McKinsey estimates that automation could potentially displace up to 30% of work activities in finance and accounting.
The CFO must lead a comprehensive clean-up of financialreporting processes. This includes restating prior-period financials where necessary, strengthening internal controls, and ensuring that audit findings are addressed in full. Any suggestion of ongoing opacity or evasiveness will only delay recovery.
When you’re young, focus on deeply understanding the core accounting principles, financialreporting, and regulatory compliance. How do you balance your personal and professional life? Work-life balance varies greatly depending on one’s stage in life and family responsibilities.
Problem 1: Using Old and Cumbersome Excel Models Many of us have developed a financialreporting process that uses workarounds for limitations in our ERP software and to ensure we can meet our deadlines without accidentally breaking something. All involving Excel data manipulation.
Deep Dive Opinion Library Events Press Releases Topics Subscribe Search Subscribe Search Strategy & Operations FinancialReporting Compliance Technology Treasury RiskManagement Leadership An article from Instant paychecks pose moral dilemma for Yooz CFO The accounts payable software company may offer earned wage access benefits to employees.
This underscores the growing expectation for accountants to ensure accuracy and transparency in non-financialreporting. What ethical considerations and new riskmanagement competencies are emerging due to increased data usage, AI in finance, and cybersecurity threats specific to the Asian operational context?
AI in financial planning uses important technologies like: Machine Learning (ML) - AI learns from data and makes better predictions over time. Natural Language Processing (NLP) - AI understands and processes human language, making it easier to analyze financialreports and documents.
As businesses aim for growth, astute financialmanagement becomes essential. Join us as we explore unique perspectives on financialreporting and data analysis, offering actionable insights for hospitality business owners seeking growth opportunities without a dedicated financial strategist.
He concedes that AI has significantly transformed finance teams by automating processes, improving forecasting, and enhancing riskmanagement, but he notes that its effectiveness depends on access to up-to-date data.
Before setting up shop, understand: Which financialreporting standards apply (e.g. Technology and Data Integration Your finance systems must support multi-entity, multi-currency, and multi-GAAP reporting. Manual workarounds won’t scale and can lead to serious reporting errors. IFRS, local GAAP)?
RiskManagement: Identifying and mitigating ESG-related risks, which are increasingly recognized as indicators of potential business vulnerabilities. Transparent Reporting: Overseeing the development of robust ESG reporting mechanisms to ensure transparency and compliance with evolving regulatory frameworks.
Businesses that engage in unethical practices may gain short-term profits, but they risk losing their reputation, which can take years to rebuild. b) Legal Compliance and RiskManagement Companies must follow laws and regulations to avoid legal penalties, fines, or even criminal charges.
Managingrisk Digital asset adoption doesnt mean abandoning riskmanagement principles. You can unsubscribe at anytime. For companies ready to own their infrastructure stack, purpose-built blockchains enable unparalleled control over transaction flow, compliance logic and fee capture. Registered in England and Wales.
Human Resources Management : Assistance with hiring, onboarding, performance management, and compliance. RiskManagement and Compliance : Help with workers’ compensation, safety programs, and staying compliant with labor laws. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!
You can unsubscribe at anytime. With this renewed momentum, we remain optimistic about the remainder of 2025, assuming broader economic indicators remain stable,” Gerring said. Registered in England and Wales. TechTarget, Inc.s registered office is 275 Grove St. Newton, MA 02466.
The bill also aims to create a more favorable environment for strategic M&A through deregulation, particularly in sectors, such as energy, financial and industrial, “where regulatory complexity and compliance costs have historically been significant barriers to dealmaking,” he added. You can unsubscribe at anytime. TechTarget, Inc.s
Ensure auditable reporting and compliance The CFO needs to work with other functions like corporate financialreporting, regulatory compliance, tax, treasury, and legal to ensure timely, auditable reporting and financial accounting. You can unsubscribe at anytime. Registered in England and Wales. TechTarget, Inc.s
You can unsubscribe at anytime. The quarter-point cuts will likely extend from the third quarter through Q2 next year, NABE said, citing the survey. Registered in England and Wales. TechTarget, Inc.s registered office is 275 Grove St. Newton, MA 02466.
By CFO Dive staff • Updated July 2, 2025 Latest in FinancialReporting US corporate bankruptcies hit 15-year high in H1: S&P By Maura Webber Sadovi Southern Company names comptroller as next finance chief By Grace Noto Tariffs, meat to drive inflation, Conagra CFO says By Maura Webber Sadovi Tesla CFO offloads another $1.7M
Editors picks Zach Gibson via Getty Images House committee votes to scuttle PCAOB, make SEC auditor watchdog Democrats on the Financial Services Committee condemned efforts to eliminate the PCAOB, quoting Republicans who championed creation of the board in 2002. You can unsubscribe at anytime. Registered in England and Wales. TechTarget, Inc.s
Editors picks Stringer via Getty Images Deep Dive 7 CFO tips for thriving despite ‘perma-crisis’ turmoil “Foundational rules for riskmanagement have been fundamentally altered forever,” the former CEO of the Institute of Internal Auditors said. You can unsubscribe at anytime. Please select at least one newsletter.
Editors picks Zach Gibson via Getty Images House committee votes to scuttle PCAOB, make SEC auditor watchdog Democrats on the Financial Services Committee condemned efforts to eliminate the PCAOB, quoting Republicans who championed creation of the board in 2002. You can unsubscribe at anytime. Registered in England and Wales. TechTarget, Inc.s
So far, the SEC has not moved to rescind the rule requiring cybersecurity disclosures in annual and periodic reports,” he said. You can unsubscribe at anytime. The settlement may or may not point in that direction.” Registered in England and Wales. TechTarget, Inc.s registered office is 275 Grove St. Newton, MA 02466.
You can unsubscribe at anytime. gain in shelter prices “was the primary factor” behind the monthly gain in CPI, the BLS said. Registered in England and Wales. TechTarget, Inc.s registered office is 275 Grove St. Newton, MA 02466.
You can unsubscribe at anytime. We are putting together a very good list of candidates,” Bessent said, adding that Powell would break with tradition if he remains on the Fed’s policymaking body until his tenure as a governor expires in 2028. It would be “highly unusual for a chair to stay on,” Bessent said in a CNBC interview. TechTarget, Inc.s
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