CFO Share

JULY 16, 2024

In contrast, a CFO is a more strategic financial professional, focusing on long-term planning, investor relations, and overarching financial strategy. Purpose of the Role The controller ensures financial reporting compliance and accuracy while preventing and detecting fraud. CFOs must also be excellent communicators.

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

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.

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Finance Auditing Compliance Leverage 98

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 article will delve deeper into five preparation steps, drawing from insights of our leading industry experts, to help your organization gear up for a successful audit.

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Auditing General Ledger Reconciliations Accounting Standards 52

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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Auditing Communication Financial Reporting 45

CFO Talks

AUGUST 28, 2024

Understanding the Regulatory Framework South Africa’s regulatory environment is governed by a myriad of laws and standards that mandate specific reporting obligations. These include the Companies Act, the Tax Administration Act, the Financial Sector Regulation Act, and the International Financial Reporting Standards (IFRS), among others.

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CFO Auditing Compliance IFRS 83

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 98

Leadership Auditing Profit and Loss Compliance 98

CFO Talks

SEPTEMBER 13, 2024

My name is Lawrence Nsibandze, and I began my career back in 2001 with the Price Hotel Group as an audit clerk. I spent about four and a half years there, doing external audits for clients under international standards. In this role, I introduced a risk-based auditing approach and later became the bank’s financial manager.

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Finance Auditing CFO Leadership 97

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 Talks

OCTOBER 3, 2024

Pressure from Management : Pay attention to any undue pressure from management to meet financial targets, which may lead to unethical adjustments or misreporting. Conduct Payroll Audits : Regularly audit the payroll records to identify duplicate bank accounts, unusual overtime claims, or inconsistencies in pay rates.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

Fpanda Club

SEPTEMBER 2, 2021

Management reporting involves a set of reports submitted to management that aims at supporting decision-making process and monitoring progress. Performance management is a range of practices which a company uses to measure its performance and communicate results. Turning to soft skills, it’s not so easy here.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Corporate Finance Communication Forecasting 130

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.

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Nonprofit Auditing Compliance Budgeting 105

CFO Leadership

OCTOBER 10, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. As AI permeates finance, questions about its compliance with audits and financial governance will arise.

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Accounting Finance Auditing IFRS 95

Future CFO

JULY 23, 2024

Performance Metrics: Developing key performance indicators (KPIs) that measure not just financial performance but also progress toward value-based goals. Enhancing Communication Channels Effective communication is essential for value alignment.

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Auditing Communication CFO Strategic Planning 59

CFO News Room

DECEMBER 16, 2022

Most financial managers have previous experience working in market analysis and forecasting positions similar to this one. Financial managers are responsible for developing long-term financial plans, directing investment activities, and generating financial reports for their company. Communication Skills.

Finance 130

Finance Budgeting Financial Analyst Compliance 130

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. When you’re young, focus on deeply understanding the core accounting principles, financial reporting, and regulatory compliance.

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CFO Auditing Leadership Finance 95

VCFO

NOVEMBER 1, 2023

These impacts will include major changes to accounting practices and financial reporting, as well as increased scrutiny of contracts, service agreements, and all leases starting now and moving forward. audited or reviewed financial statements). Read more in our blog about Lease Accounting Updates.)

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Finance Strategic Planning Auditing CFO 88

Future CFO

FEBRUARY 1, 2024

"It is absolutely critical businesses implement an accounting and reporting system for their ESG data that is as auditable, transparent, and reliable as their financial data accounting," Hasenoehrl says, "2024 is the year we have to start treating enterprise carbon data the same way we treat financial data."

Finance 52

Finance SAP Auditing IFRS 52

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.

CFO 98

CFO Leadership Communication Problem Solving 98

The Charity CFO

JANUARY 17, 2022

So you can understand what’s happening in your business and communicate effectively with your board members, donors, and financial team. Your core financial reports, which we’ll look at below, exist to answer this one simple question– how much value has your organization created ? It’s a necessity. Start right here (??)

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

CFO News

OCTOBER 25, 2023

The National Financial Reporting Authority (NFRA) in India has launched an inquiry into EY member firm S.R. NFRA has requested files and communications related to the audits of Adani Group companies dating back to 2014. Batliboi, one of the longtime auditors of the Adani Group, according to sources.

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Accounting Auditing Communication Financial Reporting 52

Future CFO

MAY 1, 2024

As the person responsible for preparing an organisation’s financial reports, which include balance sheets and income statements, the role of a finance controller is anything but ordinary. Accurate problem definition is emphasised, highlighting the controller's role as the choice architect in resolving business issues.

Leadership 98

Leadership IFRS Finance Communication 98

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

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?

Nonprofit 98

Nonprofit Compliance Auditing Accounting 98

The Charity CFO

NOVEMBER 10, 2022

As a result, the organization might not adhere to Generally Accepted Accounting Principles (GAAP), which can trip them up come tax time or during an audit. Sound financial management helps avoid jeopardizing tax-exempt status and the success of your operation. . Generates accurate financial reports.

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Nonprofit Accounting Auditing GAAP 52

CFO Talks

SEPTEMBER 26, 2024

These include tax laws, financial reporting standards, labor laws, industry-specific regulations, and corporate governance codes. Complex Reporting Standards: Adhering to both International Financial Reporting Standards (IFRS) and local regulations can complicate financial reporting.

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IFRS Compliance Auditing Financial Reporting 52

CFO Plans

MAY 2, 2024

Whether you need outsourced bookkeeping services or advanced financial reporting, your partner should be able to accommodate your needs without disruption. Assessing Communication and Collaboration Effective communication and collaboration are key to a successful partnership.

Accounting 52

Accounting Problem Solving Communication Compliance 52

Boston Startup CFO

APRIL 12, 2024

409A / Valuations Leveraging our expertise and industry knowledge, we will conduct thorough assessments to determine the fair market value of your company, ensuring compliance with regulations and helping you make informed decisions related to stock options, equity compensation, and financial reporting.

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Corporate Finance Finance Auditing Compliance 40

The Charity CFO

JULY 2, 2024

The first thing you need to do to modernize your operations is assess your current processes and policies with an operations audit. During your audit, take a look at your current systems, workflows, and procedures to identify areas that are working well–and those that need improvement. Get the free guide!

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Nonprofit Auditing Prioritization CFO 52

CFO Talks

SEPTEMBER 11, 2024

This can be as simple as adhering to financial reporting standards without compromise, even when under pressure to deliver positive results. Establish clear ethical guidelines for your team, and consistently apply them in all financial decisions. However, transparency goes beyond just the numbers.

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Leadership Communication CFO Financial Reporting 52

The Charity CFO

MARCH 6, 2024

Consider it like an internal audit and a necessity. Red Flag #2: Lack of Financial Reports Speaking of infrequencies, the lack of financial reports can indicate another red flag. Another tip here could be vast differences in the financial reporting based on what is expected and what is actually reported.

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Nonprofit Accounting Reconciliations Invoicing 59

PYMNTS

JULY 5, 2017

.” Some experts are worried a similar trend can be seen within the financial functions of the enterprise itself, with automated accounting and forecasting capabilities now offered quicker and more accurately via robots than humans. The nature of financial reporting is to communicate facts aggregated using accounting rules.

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Financial Data Auditing Financial Reporting CFO 52

Future CFO

JULY 3, 2024

To thrive in this evolving regulatory landscape, CFOs must expand their function’s operating models beyond financial statements and construct a more holistic view of their organisation’s sources of value — one that measures and monetises financial and nonfinancial capital.

Finance 59

Finance IFRS Quantitative Data Communication 59

CFO Talks

MARCH 20, 2024

Example: When it’s time for an audit, the Controller is hands-on, working directly with the auditors, showing them the books, and explaining the details. The CFO, on the other hand, talks strategy with the audit partner and handles any big issues that pop up. Leave the daily grind to the Controller and trust your team.

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CFO Accounts Payable Financial Analysis Auditing 52

The Charity CFO

APRIL 13, 2023

In order to successfully manage the financial health of your nonprofit organization, here are 7 key concepts you should understand: Compliance and Audit Requirements Compliance is the act of ensuring the public that nonprofits are abiding by the rules that allow them to take advantage of tax exempt status and other financial incentives.

Nonprofit 52

Nonprofit Compliance Accounting Standards Budgeting 52

PYMNTS

FEBRUARY 19, 2020

The virus has hurt HNA’s ability to meet financial obligations, according to reports – the firm has made acquisitions worth tens of billions of dollars, but an increasing bet on aviation has left it exposed to a drop in flight activity and tourism tied to the virus. The impact is not confined to China.

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Communication Auditing Transportation Manufacturing 56

The Charity CFO

JULY 1, 2024

There’s a wide range of accounting services your organization might need, including: Bookkeeping Financial reporting Tax preparation Audit support These key services are vital to maintaining the financial health of your organization. Transparency and Communication Accountants often work with sensitive financial data.

Nonprofit 52

Nonprofit Accounting Budgeting Accounting Firms 52

The Charity CFO

DECEMBER 8, 2022

Because accurate nonprofit accounting can help with reporting and auditing requirements, and ensure that the funds are being used in accordance with the grantor’s wishes. Establishing clear roles and communication protocols can help ensure that all team members are in alignment when it comes to grant accounting.

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Accounting Nonprofit Auditing Compliance 52