Accounting firms zero in on efficiences
CFO Dive
FEBRUARY 17, 2023
The narrative has changed this year, with the drive for efficiency replacing talent as the top priority for accounting firms.
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CFO Dive
FEBRUARY 17, 2023
The narrative has changed this year, with the drive for efficiency replacing talent as the top priority for accounting firms.
CFO Dive
DECEMBER 5, 2022
Tax and accounting firms are becoming more comfortable tapping technology as a driver of success as they seek to grow revenue and profit and improve employee effectiveness for 2023.
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From Start to Scale: Driving Growth Through Seamless Payments Implementation
The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
Fall In Love With the Month-End Close
CFO Dive
MAY 7, 2024
Accountants should respond to the rapid pace of generative AI adoption by embracing it and delving into experimentation, the AICPA said.
From Start to Scale: Driving Growth Through Seamless Payments Implementation
The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
Fall In Love With the Month-End Close
CFO Dive
JANUARY 3, 2025
A new rule could trigger withdrawal of PCAOB registrations beginning in the fall of 2026, the SEC said.
CFO Dive
JANUARY 3, 2024
To stem a talent shortage, accounting firms need to reach out to potential CPAs well before they select their college majors, according to a CPA association.
CFO Dive
NOVEMBER 3, 2022
Missteps at large accounting firms threaten to undermine investor confidence in financial information, according to Paul Munter, the SEC’s acting chief accountant.
CFO Dive
MAY 15, 2023
The blurring lines between software and business processes is a boon for big-four firms looking to managed service providers to expand client offerings.
CFO News
APRIL 27, 2023
The positive hiring intent can be attributed to high demand of multiple services delivered by these firms such as taxation, business consulting, risk advisory, deal advisory, technology services, ESG services.
CFO Dive
NOVEMBER 27, 2024
The new GAAP guidance stems from a request made by Big Four accounting firms and comes as the convertible bond market is regaining steam.
https://trustedcfosolutions.com/feed/
OCTOBER 3, 2022
Many growing businesses have recognized and harnessed the benefits of outsourcing their accounting services. Rather than hiring full or part-time accountants or bookkeepers as permanent staff members, it often makes more sense to simply outsource —from both a monetary and scaling perspective. Up-to-Date Software & Technology.
CFO Dive
DECEMBER 3, 2024
The tech company probe’s findings come on the heels of Big Four firm EY resigning in October from its position as Super Micro’s registered public accounting firm.
CFO Dive
DECEMBER 7, 2022
The PCAOB cracked down against KPMG for several alleged violations in the latest sign of tougher oversight of the accounting firms that audit publicly listed companies.
CFO Dive
DECEMBER 7, 2023
Since early 2021 SEC Chair Gary Gensler has called on the PCAOB to more aggressively oversee the accounting firms that audit publicly listed companies.
CFO Dive
OCTOBER 18, 2024
The Big Four accounting firms are now all signalling varied degrees of support for a CPA licensure option that would require 30 fewer college credit hours.
CFO News
JULY 30, 2024
In this insightful article, Ashok Haldia, seasoned finance expert and Chartered Accountant, explores the evolution of India's accounting profession, its challenges, and the path to achieving global prominence.
CFO Dive
APRIL 12, 2023
Back in September, the Big Four accounting firm announced plans to split its auditing and consulting arms into two entities. Now, ‘Project Everest’ has been halted.
CFO Dive
SEPTEMBER 30, 2022
Andy Goldstein, who has held the top financial seat for big-name brands such as the New Jersey Devils, will tap his 22 years of industry experience as CFO for the accounting firm.
CFO Dive
AUGUST 3, 2023
Many accounting firms lacking qualified staff have had to turn away work, according to alliantTalent.
CFO News
NOVEMBER 24, 2023
India managing partner Bharat Dhawan says after the combination with US firm Forvis, Mazars overall would become a global network of about $5 billion in revenue, resulting in significant revenue for Mazars India.
Global Finance
JULY 30, 2024
Mid-tier accounting firms have found new paths to finance their growing needs. Last November, US accounting firm Forvis purchased the US unit of French Mazars to create a robust audit and advisory network. Tower Brook Capital invested in advisory and accounting expert EisnerAmper.
PYMNTS
JUNE 26, 2020
Ernst & Young ( EY ), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1 The big question for me is what on earth did EY do when they signed off the accounts?”
CFO Dive
JUNE 12, 2024
The board has pursued an aggressive agenda under Williams, with record fines against accounting firms.
https://trustedcfosolutions.com/feed/
OCTOBER 20, 2022
Start doing what you love rather than burning the midnight oil by outsourcing your accounting. A small, in-house finance team may start to feel the pressures of a growing business, and if you are still doing your own accounting, you could be losing hours of time —and money. The Hidden Advantages of Outsourced Accounting.
Future CFO
NOVEMBER 14, 2024
The accounting industry in Singapore is experiencing a talent shortage. This is exacerbated by the rapid pace of technological advancement that demands a workforce skilled in both traditional accounting practices and new digital tools. Singapore also tapped into going digital to improve overall work efficiency.
The Charity CFO
APRIL 28, 2023
Is there an advantage to working with accounting firms specializing in nonprofits? However, running a nonprofit comes with unique challenges that require specialized expertise, particularly in financial management and accounting. Grant Accounting Many nonprofit organizations rely on grants to fund their programs and services.
Beacon CFO Plus
NOVEMBER 30, 2023
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.
PYMNTS
DECEMBER 11, 2020
Manual accounts receivable (AR) processes are a headache for any administrative professional. In the accounting profession, manually having to determine the fiscal value of services provided, and creating physical documents to bill clients, is a significant use of valuable time that could otherwise be spent on driving revenue for the firm.
The Charity CFO
JANUARY 21, 2022
And the issue of restricted funds presents unique bookkeeping and accounting challenges for a nonprofit that a for-profit company doesn’t face. This accounting system is called fund accounting. This accounting system is called fund accounting. Who’s Required to Use Fund Accounting? .
Future CFO
MARCH 14, 2024
Talent shortage among accounting staff continues to persist in many parts of the world including Southeast Asia, with the issue being most felt by small accounting firms that struggle to compete with the big accounting firms: KPMG , PwC , Ernst & Young , and Deloitte.
PYMNTS
JUNE 29, 2020
As the fallout from Wirecard ’s troubles unfold, Germany’s deputy finance minister has called for radical solutions to fix how accounting firms are regulated, the Financial Times reported. Its founder and CEO Markus Braun, 51, resigned and was later arrested on charges of misrepresenting Wirecard’s accounts and market manipulation.
PYMNTS
FEBRUARY 2, 2020
Accounting software providers MYOB and Xero are exploring invoice finance solutions while retaliation ensues in the background regarding products that charge fees to small businesses in exchange for faster access to unpaid accounts. It’s attractive to lenders because the invoices act as collateral.
CFO Talks
APRIL 5, 2023
Written by Leigh Schaler In a recent interview on the CFOTalks podcast, Zebediah Marewangepo a Senior Business Consultant at Taxdirect, shared his insights on the accounting profession in Zimbabwe and South Africa. but somewhere along the line I ended up doing accountancy and I then finished college in 1994.
PYMNTS
DECEMBER 19, 2018
’s Big Four accountancy firms — KPMG , PwC , EY and Deloitte — have escaped a forced breakup from the Competition and Markets Authority (CMA), The Guardia n reported on Tuesday (Dec. ” “Most people will never read an auditor’s opinion on a company’s accounts,” he said. ”
PYMNTS
MARCH 1, 2020
s audit regulator, announced plans this week to break up the dominance of the largest four accounting firms, Deloitte, EY, KPMG and PwC , according to the Financial Times. The regulator issued letters to those firms, known as the Big Four, Thursday. The Financial Reporting Council (FRC), the U.K.’s
PYMNTS
OCTOBER 29, 2020
A number of large accounting groups have turned down requests to audit Greensill Capital as the SoftBank -backed firm mulls a stock market listing, the Financial Times (FT) reported. The United Kingdom-based organization has become one of the most highly valued private finance firms in the nation as of its 2011 establishment.
The Charity CFO
JANUARY 17, 2022
If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. with this overview of nonprofit accounting basics. . What is nonprofit accounting? Investopedia defines accounting as “the process of recording financial transactions pertaining to a business.” .
PYMNTS
JANUARY 25, 2019
San Francisco-based HostBooks is stepping into the small business (SMB) accounting software industry, announcing Thursday (Jan. “Being a CPA, I am aware of all the issues holding down the accounting industry,” said HostBooks Founder Kapil Rana in a statement. 24) that its solution officially launched over the weekend.
E78 Partners
JUNE 12, 2023
The leaders of Outliers bring significant experience as CFOs of private equity portfolio companies and understand the complexities of upgrading finance and accounting functions post-transaction close,” said John Signa, founder and CEO of E78 Partners. ” More information about E78 can be found at E78partners.com.
CFO Dive
JUNE 22, 2022
The new requirements come as many companies have expanded their operations globally, leading to an increase in audits executed by multiple accounting firms.
PYMNTS
MARCH 15, 2019
Anxieties that automation will replace humans have waned in the accounting sector, as industry players begin to realize that technology can actually help accountants play a more important role for their small business (SMB) customers as advisors and guides, rather than replacing their roles outright. Tax reform in the U.S.
PYMNTS
NOVEMBER 21, 2016
based small business accounting firm, has listed on the nation’s AIM stock exchange, the LSE ‘s market for smaller firms. Equity-crowdfunded FreeAgent, a U.K.-based FreeAgent broke ground with the listing but, according to reports, missed the mark on valuation. Friday (Nov.
PYMNTS
SEPTEMBER 24, 2018
A research firm has discovered that the number of material accounting mistakes made by U.S. listed companies since 2005, finding firms that had to reissue their financials due to errors. For many, the mistakes were discovered when corporate finance teams were changing accounting paperwork to comply with the new U.S.
CFO News
JULY 12, 2023
Business service exports have become a critical part of India's economy but the sector has been hit by a slowdown in global demand for software and challenges in big urban centres such as rising costs, high attrition and slow progress in getting workers to return to the office after the pandemic.
PYMNTS
JANUARY 9, 2019
In a 2017 report from job hunting site Indeed , researchers found that “small business accountant” was nowhere to be found in the top-10 job positions sought after by most small business employers. “Bookkeeping is the low-value work performed by accounting firms,” he said.
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