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The Relationship Between a Fractional CFO and Your Public Accounting Firm

Beacon CFO Plus

How to Divide Responsibilities and Prioritize Communication The relationship between a fractional or outsourced Chief Financial Officer (CFO) and your company’s public accounting firm should be collaborative, clear, and well-defined. This ensures your company’s financial and accounting needs are met effectively.

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Government working on aggregation of CA firms, accounting standards for insurance sector

CFO News

Government and ICAI collaborate to boost global accounting firm presence. Efforts include setting standards for insurance sector and LLPs, and reducing the time for voluntary company closure. ICAI President plans for CA firm aggregation in the near future.

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Are Your Compliance Processes Keeping Up with Evolving Audit Requirements?

Bramasol

Key responsibilities of the PCAOB include: Setting Standards: The PCAOB establishes and enforces auditing, attestation, quality control, and ethics standards for registered public accounting firms. Why Should You Care?

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Corporate ESG reporting: Disclosure inconsistency lingers

Future CFO

Additional key findings Use of Sustainability Accounting Standards Board (SASB) standards and the Task Force on Climate-Related Financial Disclosures (TCFD) framework have increased significantly between 2019 and 2021: there was a 29% increase for SASB standards usage and 30% for the TCFD framework.

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FinTech Targets The Cash Flow Needs Of CPAs

PYMNTS

We saw that a vast majority of payment solutions available to CPA and accounting firms today were broadly created for general use by businesses across virtually all industries,” Hall told PYMNTS in a recent interview. These solutions create a disjointed, and sometimes ‘bloated’ experience for accounting professionals.”.

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ASC 606 Nonprofit Revenue Recognition Rules for Exchange Transactions

The Charity CFO

The Financial Accounting Standards Board (also known as the FASB) defines and codifies all nonprofit accounting regulations here in the United States, so this falls under FASB jurisdiction. . For a more in-depth discussion of ASC 606, please see FASB Accounting Standards Update. What Is ASC 606?

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KPMG, PwC, EY To Put $9B Toward AI, Data Tech

PYMNTS

The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data technology products to change the industry in new ways, according to a report by Bloomberg Tax.