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 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 83

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

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

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

CFO News

NOVEMBER 14, 2024

The National Financial Reporting Authority (NFRA) proposes aligning Indian audit standards with global norms by April 2026. The chairman emphasized this as a major reform for corporate governance and attracting investors, ensuring a transparent financial system in India's journey to becoming a developed nation.

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Auditing Financial Systems Financial Reporting 40

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.

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Auditing Nonprofit Compliance CFO 52

CFO Dive

JUNE 24, 2024

The Sarbanes-Oxley Act of 2002 prompted a long-term reduction in restatements by tightening financial reporting and audit rules, CAQ said.

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Auditing Financial Reporting 261

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.

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CFO Startups Tax Planning Accounting 52

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.

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Auditing Financial Reporting Accounting 75

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?

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

CFO News

SEPTEMBER 17, 2024

The National Financial Reporting Authority (NFRA) has dismissed concerns that revamping domestic audit standards to align with global norms will negatively impact small and mid-sized audit firms.

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Auditing Financial Reporting 40

CFO News

NOVEMBER 4, 2024

The National Financial Reporting Authority (NFRA) and the Institute of Chartered Accountants of India (ICAI) are headed for another clash. The upcoming NFRA board meeting will address revisions to auditing standards, including the controversial SA600, despite opposition from ICAI representatives on the board.

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Auditing Financial Reporting Accounting 40

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 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

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

CFO News

OCTOBER 21, 2024

The National Financial Reporting Authority will release its first annual inspection reports on major audit firms by mid-November, highlighting improvements and ongoing challenges in the Indian audit landscape.

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Auditing Financial Reporting 40

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.

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Nonprofit Auditing Compliance Education 52

CFO News

SEPTEMBER 23, 2024

India's accounting regulators are clashing over a proposal to make parent company auditors responsible for consolidated financial statements. The National Financial Reporting Authority supports the change, citing audit failures, while the Institute of Chartered Accountants of India argues it will harm smaller firms.

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Auditing Financial Reporting Accounting 40

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.

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CFO Accounts Payable Financial Analysis Auditing 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.

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Auditing Financial Reporting Finance Leverage 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.

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Auditing CFO Leadership Compliance 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

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

CFO News

AUGUST 28, 2024

The National Financial Reporting Authority and the Institute of Chartered Accountants of India are at odds over proposed changes to domestic audit standards. ICAI fears the changes could concentrate audit work among large firms, impacting smaller practitioners.

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Auditing Concentration Planning Financial Reporting 40

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.

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Finance Auditing CFO Leadership 97

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 News

DECEMBER 29, 2023

The National Financial Reporting Authority (NFRA) has issued an inspection report on audit firm Walker Chandiok & Co LLP (WCCL), highlighting lapses such as the lack of integration between electronic and paper files and the provision of non-audit services prohibited under the Companies Act, 2013.

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Auditing Financial Reporting 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 74

CFO News

JUNE 18, 2024

The National Financial Reporting Authority (NFRA) is set to conduct its first annual inspection of eight audit firms, including the Big Five, to reveal its findings by October or November.

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Auditing Financial Reporting Accounting Planning 40

CFO News

AUGUST 13, 2024

The National Financial Reporting Authority (NFRA) has identified preliminary audit quality issues in its ongoing inspections of major audit firms. The NFRA is inspecting seven audit firms this year, with plans to increase the number further.

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Auditing Communication Financial Reporting Numbers 40

CFO News

SEPTEMBER 1, 2024

The National Financial Reporting Authority (NFRA) has firmed up draft norms to overhaul the extant Standard on Auditing (SA) 600. The revised standard will apply only to listed companies and banks, barring the state-run ones.

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Auditing Financial Reporting Banking 40

CFO News

MARCH 4, 2024

The National Financial Reporting Authority (NFRA) plans to conduct annual inspections of major audit firms to ensure compliance with standards and protect investors. The regulator will engage with audit committees and boards, expand inspections, and address issues related to financial statements and auditor independence.

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Auditing Compliance Financial Reporting Planning 52

CFO News

JANUARY 17, 2024

The National Financial Reporting Authority (NFRA) is planning to directly engage audit committees of large listed companies to sensitise them about accounting standards and their role, a first-of-its kind regulatory outreach to curb corporate frauds, people aware of the watchdog's thinking told ET.

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Auditing Planning Accounting Standards Financial Reporting 52

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

Future CFO

JULY 23, 2024

This is the view of Georgeta Elena Precup (Moran), CPA,CGMA , Operating Partner - Acting CFO, Advisory at Beyond Podiatry , emphasising how CFOs occupy a unique vantage point, overseeing not only financial health but also strategic planning , risk management, and corporate governance.

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