CFO Plans

NOVEMBER 25, 2024

In today’s fast-paced digital landscape, the role of a Chief Financial Officer (CFO) in the financial services industry has evolved significantly. No longer confined to traditional financial management, CFOs now play a pivotal role in safeguarding their organizations against increasingly sophisticated cyber threats.

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CFO Leadership

AUGUST 12, 2021

The CFO Leadership Council proudly highlights our very first ten Diversity, Equity, and Inclusion Ascend Honorees! The Ascend program is an opportunity for Senior Finance Executives from underrepresented groups to join The CFO Leadership Council. Fisher Senior VP & CFO American Hospital Association. Christina Y. Christina Y.

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PYMNTS

NOVEMBER 20, 2020

But what does the process of digital adoption actually look like from the vantage point of the CFO? For Andy Brown , CFO at education technology company Chegg , there was a plethora of opportunities to embrace by collaborating with third-party FinTech partners.

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The Charity CFO

MAY 6, 2022

Those numbers may be skewed by some outliers, like education, but, regardless, there is still a lot of federal money up for grabs. Do I need an audit to secure federal grant funds? No, you don’t always need a nonprofit audit in order to qualify for federal grant funding. . appeared first on The Charity CFO.

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CFO Talks

OCTOBER 28, 2024

Members Spotlight: Professor Ian Kruger At CFO Club Africa, we take pride in sharing the stories and achievements of our members through a dedicated profile series. These profiles spotlight the journeys, expertise, and personal insights of CFOs and finance leaders who are making a real impact in their organizations and the finance industry.

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CFO Talks

FEBRUARY 10, 2023

Stiles CFO Lili Grobler on what her auditing degree didn’t teach her Lili Grobler is the CFO of Stiles since 2016, a growing business based in George. In a corporate auditing firm, theoretically you only apply legislation and it’s like a ticking exercise, you did this, you didn’t do that.

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CFO Talks

NOVEMBER 11, 2024

Members’ Profile: Thobile Dlamini In this edition of CFO Club Africa’s Members Spotlight, we are introducing Thobile Dlamini, the CFO at Eswatini Revenue Services. International Recognition : Awarded the prestigious Best Public Sector CFO in Africa (2023/2024) by ACCA.

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CFO Network

APRIL 24, 2023

Continuing education is vital for accountants; we’ll explain why in this article. Continuing Education: A Must for Accountants Continuing education refers to learning after a professional has completed their initial education and training. Stay updated with the latest trends and practices.

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CFO Talks

JANUARY 22, 2025

Members’ Profile: Henk Bothma In this edition of our CFO Spotlight series, we are featuring Johannes Hendrik Bothma, fondly known as Henk. The obvious choice for tertiary Education for me was a BCompt degree. What key skills should a newly qualified accountant develop on their path to becoming a CFO? Know yourself.

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CFO Share

JUNE 27, 2024

How a CFO Ensures Compliance in Financial Reporting Reliable financial statements are crucial for business management, but ensuring compliance may feel like a luxury in the resource-constrained world of small business. How can a small business ensure compliance in reporting without overspending on accounting staff and audits?

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Future CFO

AUGUST 5, 2024

A new study from the Chinese University of Hong Kong (CUHK) Business School found that the smart contract audit market is thriving, with new technical audit firms leading this. The research provides valuable insights into the factors driving the growth of this market and the role of audits in mitigating risks for investors.

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The Charity CFO

NOVEMBER 30, 2023

Does the idea of an audit from the IRS leave you with sweaty palms? Most nonprofit leaders aren’t accountants and the thought of getting audited is a sizable fear. Luckily, being prepared can help you avoid accounting mistakes that could come up in a nonprofit audit. These penalties can be crushing for nonprofits.

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Future CFO

JULY 8, 2024

Editor’s note: Audit is much more than a compliance requirement and is definitely not a declining industry, said Narissa Chen (pictured), Partner, Head of Audit & Assurance, Forvis Mazars in Singapore. She shared with FutureCFO what a career in audit offers and how female professionals can become audit leaders.

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CFO Leadership

OCTOBER 10, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. This makes them versatile tools in various fields such as education, customer service, and even creative writing. As AI permeates finance, questions about its compliance with audits and financial governance will arise.

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The Charity CFO

MAY 18, 2022

If your nonprofit requires an audit, the board should engage directly with the audit firm. Instead, it’s your responsibility to educate yourself on the basics of financial management and oversight. Review annual audit . The post Financial Oversight Guidelines for Nonprofit Boards appeared first on The Charity CFO.

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Future CFO

JUNE 24, 2024

The budget and forecast should reflect the Company’s plans, visions, expectations and educated guesses on the market trends. This will be an ongoing challenge with AI as there should always be a means to review and audit the system and results. Results should be traceable to specific data and decision-making logic.

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CFO Talks

OCTOBER 3, 2024

Actionable Preventive Steps: Establish Strong Governance : Set up an independent audit committee to oversee financial reporting and ensure that internal audits are performed regularly. Final Thoughts for CFOs Fraud prevention is a continuous process that requires vigilance, robust internal controls, and a proactive approach.

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CFO Thought Leader

SEPTEMBER 21, 2023

Not unlike that of many of his CFO peers, Derrek Gafford’s career path has been shaped in part by geography—specifically, by having its origins in a city that was at once home to a state college, the corporate headquarters of a marquee company, and a Big Four accounting office populated with new college grads.

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Future CFO

SEPTEMBER 14, 2020

Given that auditors are required to offer unbiased opinions about the financial statements of companies that they audit, the lack of auditor independence can severely compromise the quality of the auditors’ work. . The case for and against NAS prohibitions NAS encapsulate any service provided by auditors other than external audit services.

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CFO Thought Leader

MAY 16, 2023

Nearly 20 years later, Simone Nardi became a benefactor of GE’s media aspirations when he traded a senior manager position on GE’s audit team for a unit CFO role inside GE’s plus-size media holdings enterprise, NBCUniversal. A new CFO must gather as much experience and insight as possible across every aspect of a business.

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CFO Talks

JULY 16, 2024

Unveiling the 7th Annual CFO Africa: A Showcase of Financial Leadership and Innovation The 7th Annual CFO Africa event was a dynamic gathering of financial leaders, industry experts, and innovative thinkers. Our CFO Club signed up several new CFOs, welcoming them into our network of forward-thinking financial leaders.

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The Finance Weekly

JANUARY 22, 2024

Joe Berchtold, the President and CFO of Live Nation Entertainment, earned an impressive $52.4 million in 2023, making him the ,, highest-paid CFO in the United States. Aspiring individuals may wonder how they can achieve similar heights and earn big as a CFO. Assist with risk management, audits, and research.

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The Charity CFO

MARCH 24, 2022

The education first department reported Inconsistencies to the USDA in 2020. And in early 2021, the department labeled Feeding Our Future “seriously defective” due to incomplete financial audits and lapsed IRS nonprofit registration. Participate in a financial statement audit. How was this fraud uncovered?

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CFO Talks

SEPTEMBER 30, 2024

In South Africa, we seem to apply IAS 38 with extra caution—thanks in part to our regulatory environment , where bodies like the Independent Regulatory Board for Auditors (IRBA) enforce stringent controls on audit firms that forces them to favour conservatism over practical considerations to avoid fines and penalties from the IRBA.

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The Charity CFO

SEPTEMBER 14, 2022

It’s true that due to their uniquely valuable societal contributions, such as charitable actions or educational priorities, nonprofits receive tax exemption for income from activities substantially related to their primary purpose. . The post Understanding Unrelated Business Income in Nonprofits appeared first on The Charity CFO.

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Future CFO

DECEMBER 10, 2023

The post A CFO's Guide to Sustainable Reporting Implementation appeared first on FutureCFO.

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The Charity CFO

APRIL 19, 2022

When most nonprofits think about ‘accounting issues,’ they’re concerned about poorly prepared financial reports, bookkeeping errors, gaps in communication with funders, bad audits and a million more things in this vein. Has the Department of Labor audited your organization for misclassifying contractors as employees? Maybe We Can Help.

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Future CFO

FEBRUARY 9, 2025

Ben Goodman "As a CFO, cyber threats and cyber resilience probably wasn't something you were focused on three years ago. So, I think you can see that the important thing is education," says Clifford Capital's Lim. Another overlooked factor is investing in employees and driving cultural change. "So,

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The Charity CFO

JULY 10, 2022

They also educate the rest of the board on their duties and responsibilities to the organization. . Meanwhile, audits, financial management, and risk mitigation fall under the purview of the Finance or Risk Management Committee. The post Nonprofit Board Committees In A Modern Nonprofit appeared first on The Charity CFO.

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CFO News Room

DECEMBER 16, 2022

As a financial executive, the chief financial officer (CFO) is responsible for the financial health of an organization. The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management. The CFO primarily controls financial affairs.

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CFO News Room

JANUARY 18, 2023

Organizations will do this by removing formal education and experience requirements from job postings and instead reaching out directly to internal or external candidates from nontraditional backgrounds who may not have access to certain professional opportunities, or even be aware of them.

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CFO Talks

SEPTEMBER 6, 2022

The CFO needs to be alive to changes’. Welcome to this SAIBA CFO podcast, SAIBA is the South African Institute of Business Accountants, it has more than 12 000 members and specialises in a wide range of disciplines such as accountancy and tax, training and development, career enhancement, legislation, designations and financial reporting.

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CFO Simplified

DECEMBER 26, 2021

As you audit your accounting and finance departments, you may find there are some key roles missing from your business that could be negatively impacting your company’s bottom line. Mid-sized businesses benefit the most from hiring a fractional CFO. We know, however, that hiring a full-time CFO can come with a hefty price tag.

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The Charity CFO

JULY 28, 2022

Technically, nonprofit organizations have until their year-end audit, review, or compilation to implement these new standards. The good news is that everyone is going through this together, so educated donors will know the reason for the sudden change. Don’t Panic! There’s still time. Get the free guide!

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Future CFO

OCTOBER 20, 2021

The CFO role requires certain traits and skills, said Woranat Dumrongsiri (pictured), Country CFO, Deloitte Thailand and Deloitte Laos during an interview with FutureCFO for the publication’s Female Leadership in Finance Series. Woranat Dumrongsiri, Country CFO, Deloitte Thailand and Deloitte Laos.

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The Charity CFO

JANUARY 21, 2022

Most not-for-profit organizations and entities–like 501(c)(3) charities, churches, religious institutions, government agencies, nonprofit nursing homes and hospitals, and educational institutions– are required to use fund accounting. The post Fund Accounting for Nonprofits & Charities appeared first on The Charity CFO.

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CFO Talks

SEPTEMBER 17, 2024

A CFO in a manufacturing company can have their financial software integrated with the production system to automatically pull cost data, ensuring accurate and timely reporting of cost of goods sold. The system should also comply with local regulations like POPIA (Protection of Personal Information Act) in South Africa.

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