CFO Talks

OCTOBER 28, 2024

A recent internal audit had revealed that some employees in high-stakes roles were bending the rules to meet targets. Create a Safe Environment for Open Communication In XYZ Corporation’s case, it took a whistleblower to expose the unethical practices. Yet, beneath the surface, ethical cracks were beginning to show.

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Global Finance

DECEMBER 26, 2024

Its essentially doing the internal audit work while also functioning as an organizational tool. Rouse: Communication. It automates tasks that people used to handle manually. For example, we use AuditBoard, which tracks everyone involved in a process, including auditors and staff. These tools are vital now.

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CFO Talks

NOVEMBER 29, 2024

This opportunity allowed me to audit clients like the South African Revenue Service and South African Tourism, as well as manage accounts for Mastercard South Africa. Cultivating skills in communication, teamwork, and decision-making is crucial for effectively leading your team and making a lasting impact.

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CFO Talks

NOVEMBER 21, 2024

I believe in breaking challenges down into manageable tasks, which makes them less overwhelming and easier to address systematically. I also rely on open communication and collaboration, particularly when the challenge involves a team.

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Accountancy Today

DECEMBER 21, 2022

The proposed standard includes principles-based requirements that would apply to all methods of confirmation, including paper-based and electronic communications. The Public Company Accounting Oversight Board (PCAOB) has proposed a new standard for auditors use of confirmation which is aimed at modernising the process.

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CFO Plans

APRIL 14, 2025

Consider conducting a thorough financial audit to pinpoint areas for improvement. Handling Post-Tax Filing Audits Post-filing audits can be daunting, but they offer a valuable opportunity to correct errors and enhance your processes. This proactive measure not only rectifies past mistakes but streamlines future tax filings.

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CFO News

MARCH 31, 2025

NFRA has released its second Auditor-Audit Committee Interaction Series, emphasizing the need for transparent communication and strategic risk assessment. How can audit committees ensure robust audits? The report provides key insights.

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Future CFO

SEPTEMBER 1, 2021

Audit functions that fail to adapt well to hybrid auditing risk a loss of effectiveness and influence at a time when real-time assurance has never been more vital to the wider organisation, said Gartner recently. Below are some of the best practices.

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Spreadym

SEPTEMBER 22, 2023

Effective communication in financial teams is crucial for making informed decisions and achieving organizational goals. However, several key mistakes can hinder effective communication in this context. Financial professionals should strive for clear and concise communication that everyone on the team can understand.

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E78 Partners

JANUARY 5, 2024

Audits are an essential part of ensuring that a company’s financial statements are accurate and compliant with accounting standards. Proper preparation is critical in navigating the post-acquisition audit process smoothly, minimizing disruptions, and providing timely, accurate information to stakeholders.

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CFO News

SEPTEMBER 13, 2023

The regulators like NFRA and Sebi may tighten vigil around the need for the "effective two-way communication process" soon, they said. "So, the auditor's report isn't scrutinised properly by the audit committee. "So, the auditor's report isn't scrutinised properly by the audit committee.

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CFO Talks

MARCH 5, 2025

If there are differences, it can lead to problems during audits or inspections. If the data is incorrect or unclear, the company may face penalties or extra audits. Build Strong Relationships with Regulators and Auditors CFOs should maintain good communication with regulatory bodies, external auditors, and industry groups.

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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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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 52

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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Future CFO

NOVEMBER 7, 2023

In today's fast-paced world, creating an effective audit procedure is critical for companies to remain competitive and adhere to evolving regulations. Through this, companies can be certain their audits are completed accurately and quickly. The post A finance leader's guide for successful audit appeared first on FutureCFO.

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Future CFO

MARCH 31, 2024

An interest in sustainability reporting and assurance presents talent opportunities among audit professionals, but may imply a lack of clear purpose in financial statement audits, according to a joint study by the Association of Chartered Certified Accountants and the Chartered Accountants Australia and New Zealand.

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CFO Talks

APRIL 9, 2025

A failed audit. Business continuity plans, disaster recovery strategies, and crisis communication protocols are no longer just for IT or HRthey are board-level priorities. Culture and Communication: Making Risk Everyones Job One of the biggest mistakes CFOs make is trying to manage risk in isolation. A tax penalty.

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CFO Share

NOVEMBER 15, 2023

Embarking on your first financial audit can be nerve-wracking. This article includes small business accounting tips to prepare for an audit while minimizing its expenses and findings. An audit evaluates: Compliance with accounting standards (GAAP or IFRS.) Do not expect to walk away from an audit with zero findings.

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Future CFO

JULY 16, 2023

The top priorities for chief audit executives (CAEs) in 2023 are advancing data analytics, providing assurance on proliferating digital risks, and talent management, said Gartner recently. CAEs’ focus on providing assurance over technology and digitalisation and advancing audit’s use of data analytics is not new,” said McKnight.

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CFO Talks

APRIL 8, 2025

I then communicate solutions effectively without antagonizing any party. Yes, I worked in Rwanda as an audit assistant, auditor, and later accountant. I engage stakeholders through lobbying, stay calm in emotional situations, and rely on policy frameworks for solutions. What future goals are you excited about?

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CFO Talks

APRIL 10, 2025

Internal communication must be managed carefully to protect whistleblowers and avoid tipping off suspects. If you’re managing a fraud investigation internally, maintain a timeline and audit trail. They understand that fraud risk isnt a threat to be buried in an audit report. Evidence must be secured immediately.

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Global Finance

DECEMBER 6, 2024

This includes regular security audits, investing in advanced technologies, and educating themselves and their teams about best practices. GF: How do you communicate that to clients? Frame: We communicate the value of our market views through regular updates, reports, and personalized consultations.

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Future CFO

FEBRUARY 23, 2023

Auditing and accounting talent shortage continue to make employers toss and turn, according to a global survey of more than 4,100 accountants and 2,300 auditors. With unemployment rates at historic lows, it’s not surprising that auditing and accounting talent shortage is a hot issue, said David Osborne, CEO at Caseware.

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E78 Partners

SEPTEMBER 21, 2023

Audits, while essential for maintaining the integrity and trustworthiness of an organization’s financial reporting, can be a daunting task. This is not just because of the intricacies and specificities required by the auditing standards but also due to the numerous challenges faced by organizations in the run-up to an audit.

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CFO Talks

NOVEMBER 11, 2024

Additionally, I learned the importance of cultural sensitivity and effective communication. Communication Skills: Effective communication is vital for conveying complex financial information to non-financial stakeholders, including the board of directors and investors. How do you balance your personal and professional life?

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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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Nerd's Eye View

JULY 31, 2024

Which means the firm will need to provide records of holdings and transactions for each of its clients (which may require some training and practice for employees to be able to quickly pull the needed data from the firm's custodian), as well as archived client communications and any advertisements produced by the firm.

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CFO News

MAY 31, 2024

NFRA chairman Ajay Bhushan Pandey emphasized the audit committee's responsibility in ensuring accurate financial statements, even if auditors fail in their duty. He highlighted the need for meaningful communication between audit committees and auditors, stating that it should not be a mere formality.

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CFO News

DECEMBER 1, 2024

The National Financial Reporting Authority (NFRA) chief emphasized that audit quality has improved in the past few years. However, better communication between auditors and board members is needed to prevent corporate failures. Over 80 orders against auditors were issued, including cases like Cafe Coffee Day and DHFL.

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E78 Partners

NOVEMBER 22, 2024

Furthermore, establishing effective communication lines between the IT and finance teams can guarantee that all individuals comprehend the organization’s technology environment and financial habits collectively, leading to better-informed budget choices.

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CFO Talks

MARCH 13, 2025

These systems automatically flag discrepancies, reducing the chance of financial penalties and improving audit readiness. Breaking Down Silos Between Departments One of the biggest challenges in large companies is the lack of communication between departments.

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E78 Partners

NOVEMBER 15, 2024

The following strategies can help organizations optimize their operations and achieve better outcomes: Conduct Regular Process Audits: Assess current workflows and processes to identify inefficiencies and areas for improvement.

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Investments Prioritization Strategic Planning Leverage 52

CFO Talks

DECEMBER 12, 2024

Communication, conflict management, time management, attention to detail. What key skills should a newly qualified accountant develop on their path to becoming a CFO? Values are critical. Resilience, dedication, loyalty, reliability. Soft skills. Leadership skills. Stress management skills.

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Future CFO

MAY 15, 2024

Now, with AI and automation, this has presented even more possibilities to make the audit process less tedious,” he opines. On the topic of AI, Nair affirms that organisations are increasingly tapping into the potential of AI across a range of audit-related processes to enhance accuracy, monitoring and efficiency. “AI

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Future CFO

MAY 10, 2022

CFOs in China are expected to play broader roles when it comes to sustainability, as a result of the country’s green finance market expansion and the increasing demand for corporate carbon emissions audit, said Deloitte recently when releasing results of its China CFO Survey.

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CFO Talks

AUGUST 28, 2024

These statements must be audited or independently reviewed, depending on the company’s public interest score. Actionable Takeaway: CFOs should establish a robust internal timeline that ensures all financial data is compiled, audited, and submitted well before the statutory deadline.

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