Accountancy Today

JULY 15, 2022

UK company insolvencies have jumped 70%, from 11,261 to 19,191 in the last year according to Mazars, the international audit, tax and advisory firm. Latest figures show UK inflation hit a 40 year high of 9% in April and this is expected to rise to more than 11% by October.

Construction 124

Construction Auditing Economics Numbers 124

PYMNTS

SEPTEMBER 24, 2020

Construction companies rely on a variety of subcontractors and suppliers, but paying these partners can quickly become complicated for companies that use paper-based, manual methods to accept and manage all the documents that must be collected before issuing funds. Find the full story in the Report.

Accounts Payable 107

Accounts Payable Construction B2B Pharmaceutical 107

The Charity CFO

APRIL 5, 2022

Also, revenue must be recorded when it is actually or “constructively” received. Income is constructively received when an amount is credited to your account or made available to you without restriction, regardless of whether or not it’s been deposited in your bank account. Do you need to undergo an audit? .

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

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.

CFO 83

CFO Auditing Compliance IFRS 83

VCFO

JANUARY 18, 2024

Businesses that regularly contend with deferred revenue include subscription- or license-based businesses (like SaaS organizations or content streaming services), construction, professional services, or property management firms issuing rental agreements. Another important element of dialogue can come via audits.

Auditing 79

Auditing Leadership Construction Invoicing 79

CFO News

DECEMBER 5, 2023

The liquidator of debt-ridden engineering, procurement and construction company Punj Lloyd has approached the National Financial Reporting Authority (NFRA) against the auditors of the company for not cooperating to finalise the audited results of the company since FY19.

Construction 59

Construction Auditing Financial Reporting 59

PYMNTS

JULY 2, 2020

In response to 2019 claims, Wirecard hired auditing giant KPMG to clear its name. “There are clear indications that this was an elaborate and sophisticated fraud involving multiple parties around the world,” EY said, according to Reuters, adding that it had not yet completed its 2019 audit. ” Swift Blowback. .

Auditing 61

Auditing Construction Accounting Marketing 61

PYMNTS

JANUARY 13, 2020

Gov Info Security said a reported cybersecurity incident involved a scammer using the town’s website to request changes to bank account information for a local construction supplier, with directions to receive payment via wire transfer instead of check. Reports said the former finance director allegedly stole $1.5

B2B 89

B2B Invoicing Currencies Construction 89

Bramasol

MAY 8, 2023

Initially, SAP sees the GROW initiative as being most relevant for midmarket companies in services, such as consulting, media, audit, engineering and construction, as well as product-centric companies in industrial manufacturing, machinery and components (IM&C).

SAP 84

SAP Compliance Construction Auditing 84

Future CFO

FEBRUARY 27, 2024

Brand said there is a challenge about the attractiveness in the accountancy profession because of current alternative opportunities in the fields of digital and consultancy space, along with tighter regulations particularly in auditing.

Accounting 96

Accounting Finance Construction Technology 96

PYMNTS

JANUARY 2, 2020

Australia’s Parliamentary Joint Committee on Corporations and Financial Services is currently probing the corporate auditing industry amid recent criticism and allegations of conflicts of interest. Reverse Factoring, Auditing Scrutinized. High-profile corporate collapses, including that of U.K.

Auditing 52

Auditing Corporate Finance Invoicing Finance 52

PYMNTS

MAY 28, 2019

financial watchdogs have stepped up their oversight of the accounting and auditing industry amid a string of corporate accounting scandals, collapses and questions over the dominance of the Big Four auditing firms. The FRC has already increased the number of audit quality reviews from 126 in 2014 to 160 in fiscal year 2018.

Auditing 40

Auditing Construction Leadership Financial Reporting 40

PYMNTS

MAY 18, 2018

The company’s release detailed the funding as Notarize extends its reach into several verticals, ranging from real estate to banking to construction. Among the industries most readily identifiable as candidates for remote notarization: Construction. This is the number one use case we see in construction,” she told PYMNTS.

Construction 53

Construction Auditing Securities Communication 53

CFO Talks

JANUARY 27, 2025

1 is, of course, the traditional route, which a lot of people follow and go through one of the accounting firms, and, typically, they go through audit related activities. Audit never interested me all that much, so it wasn’t a route I was particularly excited about. How do I audit this thing? I must be honest.

CFO 52

CFO Auditing IFRS Accounting 52

PYMNTS

DECEMBER 20, 2019

He told PYMNTS about his experience running payroll at a family-owned construction business, a process he described as a “weekly nightmare” that took up entire days sorting through time cards, processing payroll and managing workers’ compensation reporting.

Auditing 52

Auditing Construction Compliance Technology 52

CFO Thought Leader

NOVEMBER 13, 2024

Through this process, Benson honed his storytelling skills, learning to construct narratives that cut to the core of the message without sacrificing key details. This foundational experience shaped his leadership style, setting a high standard for strategic communication throughout his career.

CFO 52

CFO Construction Leadership B2B 52

CFO Thought Leader

APRIL 16, 2023

Constructively challenge the inertia and common wisdom in the organization.” –Jack Sweeney “When you come in as CFO, ask questions, be direct and be consistent. Learn the priorities, processes and culture, but also put new eyes on the strategy and resource allocation. Read More I really put an emphasis of information-sharing.

CFO 98

CFO Leadership Finance Construction 98

CFO Thought Leader

APRIL 30, 2024

From his early days in auditing at PwC to his current role as CFO at Prophix, Aaron Levine has had a career that has closely tracked the evolving nature of the financial leadership role. His journey has been marked by a series of strategic transitions and expansions of his skill set that illustrate the broadening […]

CFO 52

CFO Financial Planning and Analysis (FP&A) Auditing Leadership 52

PYMNTS

MARCH 27, 2019

separate codes of conduct, including the construction sector’s Construction Supply Chain Payment Charter , and an industry-agnostic Prompt Payment Code , both emerged in a climate of broad-ranging late payment behavior. Various voluntary codes of conduct have become a popular strategy among regulators in the U.K. Indeed, in the U.K.,

Compliance 56

Compliance Invoicing Construction Auditing 56

CFO Talks

SEPTEMBER 17, 2024

Regular Updates and System Audits Technology changes fast and staying up-to-date is crucial for maintaining system security and efficiency. A retail business with an online store may regularly audit its IT system to ensure that financial transactions from online sales are being accurately captured and reflected in the financial statements.

Financial Reporting 52

Financial Reporting Auditing Compliance CFO 52

The Charity CFO

JANUARY 21, 2022

Both Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) 116/117 require at least a minimum level of fund reporting, so you’ll need it in order to pass an audit. If you’re a very small nonprofit, it’s possible you won’t have any restrictions on your donations. Permanently restricted net assets .

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

PYMNTS

NOVEMBER 29, 2019

Maryland, said Peterson, has constructed a database that lists all the items that are taxable in the state. You can bet, however, that they take the time to read through communications from tax authorities indicating that they are being audited or that they owe back taxes. Then the scrambling begins.

eCommerce 53

eCommerce Auditing Sales Education 53

The CFO College

JUNE 3, 2021

Acquiring these advanced types of services, like setting up a permanent audit trail, rolling cash forecast, month-end reporting, and strategic planning, is the secret sauce your potential client needs to know how their money flows in and out of their company (and what their financial future will look like).

Accounting 52

Accounting CFO Auditing General Ledger 52

PYMNTS

MAY 21, 2018

M&G chief executive Anne Richards, HM Treasury non-executive director and deputy chair of Kinnevik Amelia Fawcett, and former audit partner at PwC and former chair of the Accounting Standard Board Mary Keegan are all on the panel. lender HBOS and, more recently, the collapse of government construction contractor Carillion.

Accounting 40

Accounting Auditing Treasury Accounting Standards 40

PYMNTS

NOVEMBER 5, 2018

government officials to head a review of the Financial Reporting Council, continues his probe into the body after criticism that the FRC lacked teeth to adequately prevent corporate failures, including the collapse of construction government contracting giant Carillion. Sir John Kingman, a civil servant asked by U.K.

Financial Reporting 51

Financial Reporting Construction Auditing Accounting 51

Centage

FEBRUARY 2, 2023

Evaluate and potentially reduce fixed and variable costs Don’t forget to audit all of your fixed and variable costs. Fees are earned based on triggered mechanisms such as when the development team completes construction, closes permanent financing, etc.

Cash Flow Forecasting 98

Cash Flow Forecasting Forecasting Financial Planning and Analysis (FP&A) Profit and Loss 98

CFO Thought Leader

SEPTEMBER 21, 2023

After about 2 years with Deloitte, Gafford joined Albertsons’ internal audit staff, from which he eventually advanced to oversee the company’s audit department while reporting directly to Albertsons’ CFO. “As ‘Just In Time’ inventory is really where the labor force is headed right now.

CFO 52

CFO Auditing Leadership Education 52

Global Finance

AUGUST 13, 2024

Because the establishment of the first sharia-compliant institutions coincided with the rapid economic development of their home countries, a large share of Islamic investments went into the construction and real estate sectors.

Finance 52

Finance Financial Systems Construction Auditing 52

Global Finance

OCTOBER 10, 2024

To ensure a high level of compliance with global regulatory standards, we also contract with specialized international companies to pre-audit foreign transfers, restrict the delivery of US dollars to travelers at Iraqi airports and conduct enhanced internal processes regarding all transactions in foreign currencies.

Banking 59

Banking Economics Compliance Construction 59

The Finance Weekly

OCTOBER 31, 2021

Many of the same financial issues that profit-seeking enterprises face, such as increasing revenue, managing audits, and dealing with compliance, encounter non-profit organizations (NPOs). This could imply more efficient auditing via online financial software that allows for remote audits.

Planning 52

Planning Auditing Nonprofit Accounts Payable 52

PYMNTS

NOVEMBER 26, 2019

Those tactics include low-tech and high-tech methodologies, spanning the construction of synthetic identities and the hijacking of devices (sometimes referred to as the creation of “zombies”). Against that backdrop, bad actors are changing their strategies to gain access to users’ online bank credentials.

Education 61

Education Construction Securities Credit Risk 61

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 23, 2017

Additionally, Bitcoin exchanges in Japan will now be required to conduct employee training programs and submit to annual audits. From a practical perspective, I think this is still ‘under construction’,” Yamaoka told the forum about blockchain. As for ICOs, the banking official said the hype level was “quite tremendous.”.

Banking 40

Banking Currencies Construction Auditing 40

PYMNTS

MAY 17, 2018

Since the collapse of Carillion , once the nation’s second-largest construction company and a massive government supplier, fingers have been pointed in all directions. There is a loss of confidence in audit, and I think that the industry needs to address that urgently,” Haddrill told The Financial Times in March. “In

Auditing 40

Auditing Accounting Standards Accounting Construction 40

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. Clearly, CFOs and the finance function have a big role to play here.

Finance 59

Finance IFRS Quantitative Data Communication 59

Global Finance

OCTOBER 10, 2024

So, the first effort would be to try to take people to task and get the money back,” said Mansur, who is establishing a banking commission to undertake a comprehensive audit of domestic banks, replace management and inject capital. “They took the money and put it in Singapore, Dubai, London and elsewhere. for the consumer sector and 46.7%

Benchmarking 98

Benchmarking Foreign Exchange Forecasting Economics 98

PYMNTS

SEPTEMBER 20, 2019

Yelo’s range of financial services includes cash flow management and remittance services, with efforts to personalize its services for a range of verticals and customer segments, including professionals in the manufacturing and construction space, farmers, and gig economy professionals.

B2B 49

B2B Startups Communication Construction 49