CFO Dive

AUGUST 16, 2023

The firm violated Public Company Accounting Oversight Board standards in connection with an audit of music streaming business Akazoo, the SEC found.

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Auditing Accounting 246

CFO Dive

JANUARY 22, 2024

Archer Daniels Midland named Ismael Roig interim finance chief as the board's audit committee and outside counsel conduct an investigation into accounting practices.

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Accounting Auditing CFO Finance 283

CFO Dive

APRIL 26, 2024

Jonathan Lock’s resignation comes after an internal audit determined he had engaged in unethical financial practices.

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Accounting Auditing CFO 274

CFO Dive

SEPTEMBER 17, 2024

Kubient’s ex-CEO, ex-CFO and former head of audit each lied to the business’ independent auditor and reported $1.3 million in false revenue, the SEC alleges.

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CFO Accounting Auditing 295

CFO Dive

OCTOBER 29, 2024

The Big Four accounting and consulting firm is interested in becoming a leader in the emerging AI agent space.

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Auditing Accounting 280

CFO Selections

JANUARY 7, 2025

Theres an uneducated belief that AI could steal jobs away from skilled professionals across various business facets like accounting and finance. AI is not going to replace your accountant , but what it is going to do is make professionals across finance, accounting, tax, treasury, procurement, and audit better at what they do!

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Accounting Finance Auditing Treasury 97

E78 Partners

NOVEMBER 12, 2024

Preparing for a financial audit can be a daunting task, especially for private equity-backed firms where accuracy and efficiency are paramount. This article provides a deeper look at the steps CFOs can take to create a seamless, streamlined audit experience.

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Auditing Financial Planning and Analysis (FP&A) GAAP Compliance 59

CFO News

FEBRUARY 17, 2025

The National Financial Reporting Authority (NFRA) has published its 2023 audit inspection report on Price Waterhouse Chartered Accountants LLP (PWCA) and Price Waterhouse & Co Chartered Accountants LLP (PW & Co CA), highlighting issues related to the verification of related party transactions and adherence to independence standards.

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Auditing Financial Reporting Accounting 68

CFO News

MARCH 10, 2025

The proposal in the Income Tax Bill, 2025 to allow professionals from ICMAI and ICSI to conduct tax audits has sparked a fierce debate. Is broadening the scope of tax audits necessary, or does it risk undermining the integrity of Indias specialized professional bodies? Heres what experts had to say:

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Auditing Accounting 107

E78 Partners

NOVEMBER 19, 2024

Audit season presents a set of unique challenges for private equity-backed companies, particularly those that must balance the expectations of investors with the demands of compliance. Ensure that impairment analyses are completed according to audit priorities, with asset groupings and forecast data that align with GAAP standards.

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Auditing GAAP Restructuring Compliance 52

Global Finance

MARCH 2, 2025

Weve got what we think is a rather exciting model, which we describe in a working paper, that helps forecast in advance the likelihood that a firm will go on to commit accounting fraud. But mostwell, allof the research into accounting fraud has focused on detection rather than prevention. Joanne Horton: Yes.

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Forecasting Auditing Accounting Profit and Loss 111

CFO Dive

OCTOBER 3, 2023

Newell veiled sub-par sales using various accounting changes and disregarded warnings from its audit committee and auditor, the SEC said.

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Auditing Sales Accounting 293

The Finance Weekly

DECEMBER 1, 2024

Let’s talk about something every business owner and accountant deals with— account reconciliation. If you’ve ever wondered what account reconciliation is all about or how to do it effectively, this guide has got you covered. What Is Account Reconciliation? Bank Reconciliation This is the most common type.

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Reconciliations Accounting General Ledger Invoicing 52

CFO Dive

JULY 5, 2022

The Public Company Accounting Oversight Board describes its main points of scrutiny this year as audit firms face criticism from their clients and regulators.

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Auditing Accounting 274

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.

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Auditing Accounting Firms Accounting 274

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.

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Auditing Accounting Firms Accounting Planning 274

The Charity CFO

APRIL 29, 2022

Many nonprofit organizations both large and small need to undergo a financial statement audit every year. Preparing for a nonprofit audit can be overwhelming and anxiety-filled, especially if it’s your first audit or you don’t have a strong and experienced financial team. What is a financial statement audit?

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Nonprofit Auditing General Ledger Reconciliations 105

CFO News

SEPTEMBER 27, 2023

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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Auditing Accounting Financial Reporting 111

CFO Dive

JUNE 27, 2023

The layoffs will include cuts in its audit business — a notable shift given the company and the industry have recently struggled with accounting talent shortages.

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Auditing Accounting 260

CFO News

JUNE 25, 2023

For the very first episode of the ETCFO Accounting Diaries, we have with us Milind Kothari, chief BDO India who talked about the roadmap for joint audits in India. Taking an affirmative stance, Kothari believes joint audits will iron out quality issues and improve competition in the audit markets. Read here:

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Auditing Accounting Marketing 98

CFO Dive

MARCH 12, 2025

The audit watchdog imposed fines as high as $700K on nine KPMG member firms for failing to disclose other accounting firms involved in audits, among other quality control violations.

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Auditing Accounting Firms Accounting 173

The Charity CFO

DECEMBER 30, 2021

Contrary to what many people envision, a nonprofit audit doesn’t usually start with a letter from the IRS. Instead, an independent nonprofit audit is something you choose to build trust in your nonprofit organization. An audit can be a critical step for a growing nonprofit that needs to raise increasing amounts of funds.

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Nonprofit Auditing GAAP Accounting Principles 98

CFO Talks

NOVEMBER 25, 2024

From achieving clean audits in the public sector to leading diverse teams and mentoring the next generation of finance professionals, his journey is a testament to determination, faith, and the power of transformative leadership. However, Mr. Moloto’s passion for accounting rubbed off on me, sparking a love for finance.

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Auditing CFO Leadership Problem Solving 98

Global Finance

DECEMBER 26, 2024

With a doctorate in accounting and auditing from Frances Universite Paul Verlaine, trilingual in Arabic, French and English, Raouf returned home to teach at Damascus University. Raouf, 49, cuts a lonely figure as the only Bashar al-Assad appointee retaining a top cabinet post after the dictators shocking ouster by Islamist rebels.

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Finance Auditing Currencies Banking 119

Future CFO

MAY 26, 2022

EY is considering a global audit spinoff amid growing regulatory pressure, according to media reports. EY and other Big Four accounting firms — PwC, Deloitte, and KPMG — have long been slammed for their lack of independence in their auditing of company accounts from which they also generate income with consulting, tax, and advisory services.

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Auditing Accounting Firms Accounting 97

The Charity CFO

MARCH 31, 2023

The word audit can invoke instant fear and dread. Whether it’s an IRS audit, external audit, or even an internal audit, the process can feel burdensome and worrying. Contrary to popular belief, most audits are not conducted to detect a problem. Should My Nonprofit Obtain an Independent Audit?

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Nonprofit Auditing Compliance CFO 98

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 That routine audit procedure could have uncovered the vast fraud at the suburban Munich company, the report said.

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Accounting Auditing Accounting Firms Banking 116

CFO News Room

NOVEMBER 14, 2022

accounting regulators to inspect China-based audits is raising questions about the role of unregistered auditors in the Chinese gambling enclave of Macau, where several U.S.-listed audit watchdog. A recent agreement between Washington and China allowing U.S. listed casino businesses operate. Lead auditors, often the U.S.

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Auditing CFO Accounting Corporate Finance 100

CFO News

MARCH 5, 2025

Subhash Chandra Garg: Garg said that limiting tax audits to Chartered Accountants (CAs) alone does not fully utilise the expertise of other qualified professionals.

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Auditing Finance Accounting 95

CFO Talks

NOVEMBER 25, 2024

How to Handle It: Stand firm on ethical accounting practices and remind decision-makers of the long-term implications of financial misrepresentation. Escalate concerns to the audit committee or external advisors if internal discussions don’t resolve the issue.

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Leadership Auditing Profit and Loss Compliance 98

Embark With Us

DECEMBER 13, 2022

As a business leader at a growing company, a financial statement audit probably isn't top-of-mind right now. After all, you also have to grow revenue, manage day-to-day operations, and navigate a pretty volatile marketplace.

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Auditing Accounting 98

Bramasol

MAY 13, 2024

Discover how SAP solutions lay a solid foundation for audits and next level PCAOB or AICPA compliance reviews. While passing each audit is a critically important milestone, companies also should understand that it is only one aspect of ensuring their financial transparency and integrity.

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Auditing Compliance SAP Accounting Standards 83

CFO News Room

NOVEMBER 22, 2022

Newly released federal audits reveal widespread overcharges and other errors in payments to Medicare Advantage health plans for seniors, with some plans overbilling the government more than $1,000 per patient a year on average. Originally published at Kaiser Health News.

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Auditing Planning Accounting Economics 100

The Charity CFO

APRIL 5, 2022

If you’re like many people, you probably think that there is a single set of accounting rules that every company must follow. . But that’s not quite true—nonprofits face a decision between 2 different accounting methods for tracking their financial activity: cash accounting vs. accrual accounting.

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Nonprofit Accounting GAAP Auditing 98

Future CFO

FEBRUARY 2, 2025

Cheah says these differences across Asia impact AI adoption, particularly in finance and Accounts Payable (AP). It's also essential to have a comprehensive audit trail for all AI decisions to ensure transparency and accountability," Cheah adds.

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Accounts Payable Accounting Invoicing CFO 52

https://trustedcfosolutions.com/feed/

MARCH 22, 2023

Are you tired of the countless hours spent managing your accounts payable (AP)? Do you want to streamline your accounting process to save the time and money spent on manual tasks on Quickbooks? With a growing business, it’s easy to outgrow the accounting systems you’ve relied on since the conception of your company.

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Accounts Payable Accounting Invoicing Reconciliations 108