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. Read on to learn how CFOs perform this evaluation and what compliance looks like in small businesses.

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Financial Reporting Compliance CFO Auditing 52

CFO Share

JULY 16, 2024

When building your back office, you may consider whether you need a financial controller or a CFO. The skills and responsibilities of these roles overlap, and to make matters more confusing, an underqualified CFO (yes, there are plenty out there) will perform similar to or worse than an excellent controller.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) CFO Compliance General Ledger 98

CFO News

APRIL 20, 2023

"I don’t think there is a grave delivery gap in the audit. If there is no great financial reporting happening, do you think it would have been possible for India to be projected as the bright spot in terms of the economic growth you are seeing? The whole world is looking up to India.

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Auditing Economics Financial Reporting 105

The Charity CFO

MARCH 16, 2022

Theresa Guest is joining The Charity CFO team in the role of Accounting Manager. Theresa is an experienced leader in accounting and financial reporting, budgeting, and analysis, with an extensive finance career in the healthcare supply chain industry. We couldn’t be happier to welcome Theresa to our team!

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CFO Accounting Nonprofit Auditing 98

CFO Simplified

MARCH 20, 2022

A chief financial officer (CFO) holds the highest financial position in a business. A CFO, according to NetSuite , is responsible for: Tracking cash flow and financial planning. Analyzing the company’s financial strengths and weaknesses. Part-Time and Fractional CFOs. Interim CFOs.

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CFO Cash Flow Forecasting Strategic Planning Auditing 97

CFO Talks

SEPTEMBER 17, 2024

Building Robust IT Systems for Financial Reporting As financial operations become increasingly complex, having the right IT infrastructure in place is no longer just a back-office necessity—it’s a strategic advantage. This allows for smooth data flow and eliminates duplication or manual data entry errors.

Financial Reporting 52

Financial Reporting Auditing IFRS CFO 52

The Charity CFO

MAY 6, 2022

Your financial system must be in good working order before you even consider applying for federal funding. In fact, the government places very rigorous financial reporting requirements on organizations that receive federal funding. Do I need an audit to secure federal grant funds? appeared first on The Charity CFO.

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Nonprofit Auditing Financial Systems CFO 119

CFO News

SEPTEMBER 8, 2024

In a revealing conversation with Robin Banerjee, Chairman of Nucleon Pvt Ltd, ETCFO explores the heated debate over SA 600, examining its implications for audit accountability and financial reporting standards in India.

Auditing 75

Auditing Financial Reporting Accounting 75

https://trustedcfosolutions.com/feed/

FEBRUARY 9, 2023

Getting audited isn’t something businesses look forward to. Audits cost your business hundreds and thousands of dollars, taking up countless hours researching transactions and data logs, or painstakingly tracking down supporting documentation. Here’s how: Next-Level Efficiency: Streamlining the Audit Feel prepared for your next audit.

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Auditing CFO Compliance Accounting 57

CFO News

APRIL 29, 2024

NFRA's crackdown on auditing irregularities at Reliance Home Finance Limited (RHFL) for FY 2018-19 resulted in significant penalties and debarments for professionals. This action follows suspected fraud and lapses in auditing standards, highlighting the need for stringent oversight in financial reporting.

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Auditing Finance Financial Reporting 64

The Charity CFO

FEBRUARY 8, 2024

Does the idea of a financial audit on your nonprofit leave you feeling nervous? For many nonprofits, a full financial audit can help ensure the accuracy of their financial recordkeeping. Luckily, not all financial situations require an audit. However, it can also feel invasive and overwhelming.

Auditing 52

Auditing Nonprofit Compliance CFO 52

Future CFO

MAY 15, 2024

For instance, 87% of C-suites claim to have dedicated staff to oversee ESG reporting, yet only 68% of managers say this is so. More interestingly, 62% of executives claim their companies apply the same diligence to ESG reporting as they do to financial reporting. Only 32% of managers say the same.

Finance 98

Finance Auditing Compliance Leverage 98

The Charity CFO

AUGUST 23, 2024

Download the Article For nonprofits, audits are more than just a regulatory requirement–they’re a tool for safeguarding the organization’s mission and financial health. An audit helps improve an organization’s financial transparency, builds donor trust, and ensures compliance with regulations. Pre-Audit Prep 1.

Nonprofit 52

Nonprofit Auditing Compliance CFO 52

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have. What is financial reporting software?

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) Accounting Standards CFO 52

CFO Talks

OCTOBER 31, 2022

Clean audits in the public sector are rare. Only 41 municipalities in South Africa achieved a clean audit for 2020-21. However, there are CFOs in the public sector that are getting it right. Khan has previously worked for the Auditor General and has achieved numerous clean audits with the DTI. . Here are their top tips.

Auditing 52

Auditing CFO Leadership Compliance 52

Future CFO

AUGUST 23, 2022

Just as important, how can CFOs help address sustainability objectives as part of their overall ESG initiatives? Nelson Lim , group CFO of ST Telemedia Global Data Centres (STT GDC) , spoke to FutureCFO to elaborate on how STT GDC is addressing calls for greater emphasis on sustainability in the drive for growth. Nelson Lim.

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Auditing CFO Finance Treasury 98

CFO News

NOVEMBER 6, 2023

Ajay Bhushan Pandey hopes auditors speaking up will eventually over a period of time result in an overall improvement in audit quality and more trust in financial reports of the public interest entities.

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Auditing Financial Reporting 116

CFO Talks

AUGUST 28, 2024

Navigating South Africa’s Reporting Maze: What Every CFO Needs to Know Navigating the complex landscape of regulatory reporting in South Africa can be daunting, especially for CFOs who bear the responsibility of ensuring compliance while also driving strategic financial decisions.

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CFO Auditing Compliance IFRS 58

Future CFO

JANUARY 26, 2023

He will be responsible for the financial and capital management of Fraser Property’s three trusts and report to Eric Gan, the company’s previous CFO who has been promoted to become CEO of the group’s three trusts. He was previously an audit manager at PricewaterhouseCoopers LLP.

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CFO Auditing Treasury Corporate Finance 52

The Charity CFO

MAY 31, 2022

But if you bring zero experience in accounting or financial management to your organization, that’s okay. In this article, we’ll walk you through the elements of nonprofit finance that every executive director, CFO, and accountant should know. In most cases, these include an annual audit and federal tax return.

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Nonprofit Finance Auditing Accounts Payable 98

CFO Talks

NOVEMBER 25, 2024

As a CFO your influence extends beyond financial reports and budgets. How to Handle It: Stand firm on ethical accounting practices and remind decision-makers of the long-term implications of financial misrepresentation. Propose additional governance measures, such as third-party audits, to demonstrate transparency.

Leadership 89

Leadership Auditing Profit and Loss Compliance 89

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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Auditing Leadership Compliance Communication 52

CFO News

OCTOBER 15, 2024

The Institute of Chartered Accountants of India (ICAI) released a new Standard of Quality Management (SQM), potentially clashing with the National Financial Reporting Authority (NFRA).

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Auditing Financial Reporting Accounting 75

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. That’s where The Charity CFO can help.

Nonprofit 52

Nonprofit Auditing Compliance Education 52

CFO Talks

MARCH 20, 2024

From Controller to CFO: What Changes? Moving from being a Controller to a CFO is a big step up. Both the CFO and Controller deal with the company’s finances, but they focus on different things. The CFO, however, looks at the bigger picture. It’s like going from keeping score to calling the plays.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

Future CFO

JUNE 15, 2021

While 62% of organisations expect external audit fees to rise this year, they could combat this by automating their internal controls, said Gartner recently when releasing results of a survey of 166 publicly traded and privately held external audit firm clients across industries in March-April of 2021.

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Auditing Financial Reporting Finance Investments 52

CFO Talks

AUGUST 24, 2022

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 and financial reporting.

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Auditing CFO Accounting Concentration 88

CFO Talks

SEPTEMBER 13, 2024

Nicolaas van Wyk: Good day, CFO Club members, prospective members, and our CFO audience. My name is Nicolaas van Wyk, and I’m hosting another interesting podcast for CFO Club with Dr. Lawrence Nsibandze. He is the Chief Financial Officer of the Public Service Pension Fund. With that introduction, let’s welcome Dr.

Finance 78

Finance Auditing CFO Leadership 78

CFO News

DECEMBER 24, 2024

The National Financial Reporting Authority (NFRA) has fined Deloitte Haskins & Sells LLP Rs 2 crore for lapses in auditing Zee Entertainment Enterprises Ltd during 2018-19 and 2019-20. Additionally, penalties and audit bans were imposed on two chartered accountants involved in the audit.

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Auditing Entertainment Financial Reporting Accounting 75

CFO Leadership

OCTOBER 10, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

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Accounting Finance Auditing IFRS 95

CFO Plans

SEPTEMBER 24, 2024

The need for strategic financial planning and real-time financial reporting has never been more critical. However, hiring a full-time Chief Financial Officer (CFO) can be a significant financial burden for small enterprises. Discover how virtual CFO services can transform your business today.

CFO 52

CFO Startups Tax Planning Accounting 52

Future CFO

NOVEMBER 28, 2023

A finance leader must be able to fully understand the trends in sustainability and the challenges associated with climate change, incorporating such practices in the organisation's overall audit process. This includes disclosing climate risks in the company’s financial statements and other public disclosures.

Auditing 52

Auditing Financial Reporting Finance Leverage 52

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.

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Accounting Firms CFO Accounting Prioritization 52

Future CFO

MAY 21, 2020

COVID-19 doesn’t give CFOs much room to manoeuvre – no idea how long the pandemic will last or which businesses across the supply chain will be impacted first and how fast the disruption will spread. The post CFO guide to thriving with risk appeared first on FutureCFO.

CFO 52

CFO Auditing Risk Management Budgeting 52

The Charity CFO

MAY 18, 2022

It should also review financial statements at every board meeting and challenge management on numbers that don’t make sense. 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.

Nonprofit 105

Nonprofit Auditing Compliance Budgeting 105

CFO Talks

NOVEMBER 21, 2024

Members’ Profile: Anne-Marie de Bruin In this edition of CFO Club Africa’s Members Spotlight, we are introducing Anne-Marie de Bruin, a highly experienced finance professional and the freelance Financial Manager at AM Cross Country Consulting. Leadership and communication skills are equally important.

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CFO Leadership Communication Problem Solving 98

E78 Partners

NOVEMBER 11, 2024

Adequate financial leadership has never been more critical to today’s market. Companies may face situations where hiring an interim CFO can provide immediate expertise and strategic direction. The Role of an Interim CFO An interim CFO must uphold financial stability and strategic guidance during change or doubt.

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Leadership CFO Restructuring Strategic Planning 52