CFO News

SEPTEMBER 2, 2024

The proposed revisions, which would apply to auditors of listed firms, have sparked apprehension within the ICAI about the potential concentration of audit work among large firms, potentially sidelining smaller and mid-sized practitioners.

Auditing 40

Auditing Concentration Planning 40

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.

Auditing 40

Auditing Concentration Planning Financial Reporting 40

PYMNTS

MARCH 13, 2018

Forty percent of audits inspected by the International Forum of Independent Audit Regulators (IFIAR) included serious problems, according to news from The Financial Times on Monday (March 12). The IFIAR found accounting lapses in about 40 percent of the 918 audits of public companies inspected in 2017. In the U.K.

Auditing 44

Auditing Accounting Concentration B2B 44

CFO Talks

NOVEMBER 21, 2024

My go-to strategy for staying productive during long workdays is playing calming focus music in the background, which helps me maintain concentration and a relaxed mindset. Since I genuinely love my work, I find that long hours don’t overwhelm me.

CFO 98

CFO Leadership Communication Problem Solving 98

VCFO

NOVEMBER 7, 2023

It’s important to differentiate between having audited financial statements and a QoE report, as these are quite different reports. An audit opines on the accuracy of a historical period. An audit looks backwards, giving an opinion on the financial statements and health of the company.

Valuation 83

Valuation Auditing Concentration CFO 83

PYMNTS

JANUARY 20, 2021

Manual invoicing is your worst enemy,” said Ramachandran, highlighting its risks and challenges related to fraud, errors and inefficient auditing. Among the largest is the ongoing use of paper and manual workflows like invoice processing.

B2B 125

B2B Invoicing Prioritization Corporate Finance 125

CFO Talks

AUGUST 24, 2022

You chose to take the accounting, the CFO roles, as opposed to auditing, why did you take that decision? I think with auditing I always felt, when I left PwC, where I did my articles, that it’s probably easier to go back into the auditing profession, than staying there and specialising and one day wanting to be in commerce.

Auditing 98

Auditing CFO Accounting Retail 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.

Finance 97

Finance Auditing CFO Leadership 97

PYMNTS

APRIL 13, 2020

Most Main Street businesses are shut down for the time being; workers are away from their offices; and as a result of social distancing, we as a society have concentrated all the activities once spread across a variety of destinations throughout the day into a single place — the home. And those tactics, he noted, are improving.

Securities 129

Securities eCommerce Concentration Accounting 129

Global Finance

JUNE 14, 2024

A value-based approach can leverage the existing power of digital and cloud to evolve quickly with complete transparency and auditability. This can help institutions identify concentration risk earlier and determine actions for loan diversification. An AI-first strategy focuses on three key layers – foundation , core , and growth.

Leverage 93

Leverage Risk Management Concentration Compliance 93

CFO Share

MARCH 14, 2022

What is the difference between a quality of earnings report and an audit? Audited financial statements focus on compliance with GAAP accounting standards, whereas Quality of Earnings reports focus on the company’s earnings history and potential. Sales concentrations and/or backlog risk. Transactions with related parties.

Auditing 52

Auditing GAAP Accounting Principles Profit and Loss 52

PYMNTS

NOVEMBER 22, 2019

Richard Ashton, deputy general counsel for litigation, enforcement and system matters, said at a conference in New York that the Federal Reserve is considering an audit of tech firms’ compliance policies and governance structures. The probe would concentrate on tech firms that provide data storage to financial institutions (FI). .

Securities 46

Securities Auditing Concentration Compliance 46

PYMNTS

JANUARY 17, 2020

“And you know, from my perspective, I’ve been in the view that not only should we be worrying about the concentration of power, we should be worried about the lack of privacy and them being exempt,” he added. .” Biden went on to say that Zuckerberg “knows better.”.

Concentration 52

Concentration Auditing Communication 52

PYMNTS

DECEMBER 8, 2019

The Fed is considering an audit of Big Tech firms’ compliance policies and governance structures. The probe would concentrate on tech firms that provide data storage to financial institutions. Last month , ongoing security concerns prompted the Federal Reserve to further scrutinize Big Tech firms that serve the banking industry.

Financial Data 52

Financial Data Concentration Auditing Leverage 52

The Finance Weekly

DECEMBER 15, 2024

Step 1: Conduct a Marketing Audit Why Start with an Audit? A marketing audit provides a snapshot of your current position and helps identify areas that need improvement. Key Activities in a Marketing Audit SWOT Analysis: Assess your internal strengths and weaknesses, as well as external opportunities and threats.

Planning 52

Planning Marketing Auditing Budgeting 52

CFO Leadership

AUGUST 12, 2021

Her consulting experience included audit and risk advisory services, project management, business process improvement and information technology, primarily serving financial institutions. Kim Ngyuen came to the US from Vietnam to further her education and obtained her MBA with a concentration in Accounting at Albertus Magnus College.

Leadership 98

Leadership CFO Financial Planning and Analysis (FP&A) Finance 98

Future CFO

JUNE 2, 2024

For instance, we may see entrepreneurial ‘super-accountants’ run leaner audit firms with more efficient employees, and still capable of providing a full suite of services through automation and AI augmentation." The notion of ‘super-accountants’ leveraging AI to cover more areas in multiple fields with fewer resources is also exciting." "For

Finance 52

Finance Concentration CFO Auditing 52

CFO Plans

OCTOBER 9, 2024

Robust financial systems streamline operations, allowing companies to maintain compliance effortlessly and concentrate on expansion. To prevent these pitfalls, businesses should prioritize regular audits, stay informed about regulatory changes, and invest in scalable financial services to manage their financial operations efficiently.

Compliance 52

Compliance Tax Planning CFO Concentration 52

CFO Talks

OCTOBER 31, 2024

Another memorable experience was working with KPMG’s internal audit team in Zimbabwe for three weeks. Immersing myself in a new economic landscape required flexibility and an open mind, especially in understanding local challenges and collaborating effectively.

CFO 97

CFO Leadership Communication Problem Solving 97

CFO Share

APRIL 11, 2024

Outsourced IT companies (MSP’s) do audit services to help identify these risks. This not only prevents the possibility of such fraud but also ensures a comprehensive audit trail for all transactions. Advanced software solutions offer additional layers of oversight, flagging unusual activity for further investigation.

Securities 52

Securities CFO Invoicing Education 52

Future CFO

OCTOBER 27, 2021

The inaugural CFO Insights Survey 2021 sampled a cross-section of CFOs from startups, SMEs, MNCs and listed companies in the private sector globally with a concentration on the key Asia Pacific economies of China, Hong Kong, Malaysia and Singapore, the two organisations noted. Accelerate digital transformation efforts.

CFO 52

CFO Compliance Concentration Auditing 52

PYMNTS

AUGUST 7, 2019

“We have always emphasized that startups must concentrate not only on business development but to invest in risk control measures, while taking into account the volume and complexity of their activities, as well as to ensure proper compliance with legal requirements,” he added.

Concentration 40

Concentration Auditing Compliance Startups 40

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. It’s about leading, not just managing.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

Future CFO

AUGUST 14, 2023

“Generative AI was the second most-frequently named risk in our second quarter survey, appearing in the top 10 for the first time,” said Ran Xu director, research in the Gartner Risk & Audit Practice.

Concentration 52

Concentration Benchmarking Auditing Economics 52

Boston Startup CFO

OCTOBER 29, 2012

So, whether you need help with audit preparation or generally accepted accounting principles (GAAP), your accounting partner can give your accounting issues the attention they need — so you can focus on other things. You can also hire a consulting group to provide accounting support on a project basis. Courtesy of YEC.

Startups 52

Startups Mergers and Acquisitions (M&A) GAAP Accounting Principles 52

The Finance Weekly

APRIL 21, 2024

Facilitate risk management, audits, and research. They Manage to Simplify Reporting Process Do we really have to do detailed accruals every month like we're doing a year-end audit? By looking into this angle, finance operations can be streamlined, freeing up more time to concentrate on activities that bring value to the business.

CFO 52

CFO Budgeting Auditing Accounting Principles 52

Centage

OCTOBER 14, 2021

Multiple rounds of audits and reviews to help ensure accuracy. FP&A software that facilitates integration and generation of key reports will make automating these statements easier and allow the finance team to concentrate on mapping the processes and setting up the automation. The solution?

Financial Reporting 59

Financial Reporting Financial Planning and Analysis (FP&A) Budgeting Concentration 59

CFO Talks

JUNE 2, 2022

Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. Prior to that, he was a senior manager at Ernst & Young with deep roots into the audit business. Welcome Dean, where are you at the moment?

Auditing 52

Auditing Education Investments Construction 52

PYMNTS

NOVEMBER 22, 2019

Richard Ashton, deputy general counsel for litigation, enforcement and system matters, said at a conference that the Federal Reserve is mulling an audit of the governance structures and compliance policies of tech firms. The probe would concentrate on tech firms that provide financial institutions (FIs) with data storage.

Concentration 40

Concentration eCommerce Auditing Healthcare 40

CFO Share

SEPTEMBER 7, 2023

That’s not best practice and could create problems during an audit or due diligence. Year-end is all about uninterrupted concentration, so working on a Saturday is a great idea. Ensure your transaction coding includes vendors. Accounting software like Quickbooks allows you to code transactions without vendors.

Profit and Loss 40

Profit and Loss Concentration Reconciliations Auditing 40

CFO Talks

JUNE 2, 2022

Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. Prior to that, he was a senior manager at Ernst & Young with deep roots into the audit business. Welcome Dean, where are you at the moment?

Auditing 40

Auditing Education Investments Construction 40

PYMNTS

APRIL 24, 2017

It’s that “humility” that’s driven MoneyGram to focus their efforts acutely on “defense and depth,” a series of concentric rings with MoneyGram at the center, McGurk said. We have third parties and internal audits that are performed against various security processes each year.

Securities 46

Securities Compliance Concentration Auditing 46

CFO Talks

FEBRUARY 20, 2024

He started off as a SAICA trainee at Nol ands , a very we ll -known auditing and accounting firm. The reason being is out there you have consultants and people in those areas of expertise being accounting and tax and auditing and the like that. So, it’s all driven auditing and I get it and I understand it and I’m for it.

Leadership 52

Leadership CFO Accounting Finance 52

CFO News Room

NOVEMBER 22, 2022

But the whole point of this is…but the overwhelming majority of your revenue came along because in practice, the advisory revenue was very concentrated in a small subset of the high-volume clients. We need paystubs, audit your tax withholdings. Matthew: Exactly. Let’s discuss those goals. ” would just be an example.

Planning 130

Planning Communication Profit and Loss Education 130

PYMNTS

NOVEMBER 30, 2020

Loetscher, in his previous role, was in charge of auditing Wirecard, FT writes. He is one of at least two Wirecard auditors being personally investigated by Apas, Germany’s audit oversight body, for potentially violating professional duties, FT reports. Loetscher joined up with Deutsche Bank in 2018, following a 20-year career at EY.

Banking 74

Banking Auditing Concentration Securities 74

Barry Ritholtz

APRIL 25, 2023

You have a concentrated securities position, right? We don’t know what do we need to do to make sure we pass our next audit? RITHOLTZ: — our first audit, and it was like, you know, it was like the bar exam, going to the prom, and the SATs all rolled into one. Because there’s no objectivity. HAMBURGER: Right.

Mergers and Acquisitions (M&A) 64

Mergers and Acquisitions (M&A) Compliance Investments Finance 64

Musings on Markets

FEBRUARY 4, 2023

Inexperienced (or worse) auditors : Hindenburg notes that the accounts at Adani Enterprises and Adani Total Gas are audited by a tiny and largely unknown auditing firm, Shah Dhandaria, with four partners and eleven employees, some young and inexperienced.

Investments 100

Investments Valuation Auditing Restructuring 100