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.

Auditing 52

Auditing Leadership Compliance Communication 52

The Charity CFO

MAY 6, 2022

Those numbers may be skewed by some outliers, like education, but, regardless, there is still a lot of federal money up for grabs. Do I need an audit to secure federal grant funds? No, you don’t always need a nonprofit audit in order to qualify for federal grant funding. . Are you ready to prepare for federal funding?

Nonprofit 119

Nonprofit Auditing Financial Systems CFO 119

Future CFO

JUNE 24, 2024

The budget and forecast should reflect the Company’s plans, visions, expectations and educated guesses on the market trends. This will be an ongoing challenge with AI as there should always be a means to review and audit the system and results. Results should be traceable to specific data and decision-making logic.

Auditing 111

Auditing Financial Analysis Forecasting Reconciliations 111

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. These penalties can be crushing for nonprofits.

Nonprofit 52

Nonprofit Auditing Compliance Education 52

Future CFO

SEPTEMBER 14, 2020

Given that auditors are required to offer unbiased opinions about the financial statements of companies that they audit, the lack of auditor independence can severely compromise the quality of the auditors’ work. . The case for and against NAS prohibitions NAS encapsulate any service provided by auditors other than external audit services.

Auditing 52

Auditing Accounting Valuation Education 52

Global Finance

JUNE 7, 2024

So far, according to Minister of Investment Khalid Al-Falih, over 400 international companies have obtained regional headquarters licenses for the kingdom, including technology giants Amazon, Alphabet, Google and Microsoft, consulting and auditing firms like PwC and Deloitte, and consumer goods multinationals such as PepsiCo and Unilever.

Auditing 105

Auditing Education Banking Economics 105

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.

Auditing 52

Auditing CFO Communication Treasury 52

Global Finance

DECEMBER 6, 2024

This includes regular security audits, investing in advanced technologies, and educating themselves and their teams about best practices. We advise our clients to adopt a proactive approach by implementing robust security measures and staying informed about potential threats.

Banking 52

Banking Communication Strategic Planning Leverage 52

PYMNTS

MAY 16, 2018

SOC 2 was developed by the American Institute of Certified Public Accountants (also known as AICPA) and exists as an auditing process aimed at ensuring that service providers maintain and manage customer data in a safe manner. A SOC 2 Type II review will include the testing of these controls.

Auditing 46

Auditing Healthcare Securities Education 46

CFO Plans

NOVEMBER 25, 2024

Regular audits and assessments of cybersecurity measures can help identify vulnerabilities and strengthen defenses. This commitment to ongoing education not only helps in staying ahead of emerging threats but also reinforces the dynamic nature of cybersecurity in finance.

Prioritization 52

Prioritization Compliance Financial Data CFO 52

CFO Share

JULY 16, 2024

Education and Experience Controllers typically have an accounting degree supplemented with an optional CPA or CMA and 10+ years of experience in managerial accounting. CFOs , being a less technical role, rely less on their education and more on their 20+ years experience managing business financials.

Financial Planning and Analysis (FP&A) 98

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

CFO Talks

OCTOBER 3, 2024

Actionable Preventive Steps: Establish Strong Governance : Set up an independent audit committee to oversee financial reporting and ensure that internal audits are performed regularly. Employee Verification : Periodically verify that all employees on the payroll are legitimate by cross-checking records with HR data.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

CFO Leadership

OCTOBER 10, 2023

This makes them versatile tools in various fields such as education, customer service, and even creative writing. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Accounting 95

Accounting Finance Auditing IFRS 95

The Charity CFO

MAY 18, 2022

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. Review annual audit . Compliance. Your board should review and approve the annual tax return ( IRS Form 990 ).

Nonprofit 105

Nonprofit Auditing Compliance Budgeting 105

CFO News Room

JANUARY 18, 2023

Organizations will do this by removing formal education and experience requirements from job postings and instead reaching out directly to internal or external candidates from nontraditional backgrounds who may not have access to certain professional opportunities, or even be aware of them.

Prioritization 130

Prioritization Auditing Education Communication 130

CFO Talks

OCTOBER 28, 2024

As an investor, since 1969, I had to work through audited financial statements. I was appointed at Unisa School for Business Leadership to teach MBL Financial Management in 2008, after that I did my CFO(SA) as it was related. Can you share some career highlights and defining moments?

CFO 52

CFO Auditing Leadership Finance 52

Bramasol

OCTOBER 2, 2024

The Importance of Education: Education is a fundamental human right and a key driver in economic development. Prioritizing education and skills development is necessary to remain resilient in a rapidly changing world and help bridge the digital divide in under-resourced communities.

SAP 83

SAP Prioritization Education Compliance 83

CFO Talks

JANUARY 22, 2025

The obvious choice for tertiary Education for me was a BCompt degree. At the age of 28 Ive acquired more than 10 years work experience in accounting, auditing, taxation, statutory and secretarial. Johannes Hendrik Bothma CEO/ Director, Darling Romery (Pty) Ltd and subsidiaries.

CFO 52

CFO Leadership Manufacturing Auditing 52

CFO News

JUNE 25, 2023

Indian education technology giant Byju's, which lost its auditor after delaying financial statements, has told investors it will file 2022 audited earnings by September and 2023 results by December, a person with direct knowledge of the matter said.

Auditing 59

Auditing Education Startups Technology 59

CFO Share

JUNE 6, 2024

A CFO can develop contingency plans, conduct regular audits, and ensure robust internal controls to mitigate these risk. CFOs implement controls procedures, password management policies, and continuing education for employees to ensure cybercriminals do not take advantage of your company.

Risk Management 105

Risk Management CFO Foreign Exchange Credit Risk 105

PYMNTS

NOVEMBER 20, 2020

For Andy Brown , CFO at education technology company Chegg , there was a plethora of opportunities to embrace by collaborating with third-party FinTech partners. For Chegg and many other firms, that means the first time going through a virtual audit, and going through quarterly reviews with auditors via virtual communication platforms.

CFO 87

CFO Education Auditing Communication 87

The Charity CFO

MARCH 24, 2022

The education first department reported Inconsistencies to the USDA in 2020. And in early 2021, the department labeled Feeding Our Future “seriously defective” due to incomplete financial audits and lapsed IRS nonprofit registration. Participate in a financial statement audit. How was this fraud uncovered?

Nonprofit 98

Nonprofit Profit and Loss Auditing Leadership 98

CFO Talks

SEPTEMBER 30, 2024

In South Africa, we seem to apply IAS 38 with extra caution—thanks in part to our regulatory environment , where bodies like the Independent Regulatory Board for Auditors (IRBA) enforce stringent controls on audit firms that forces them to favour conservatism over practical considerations to avoid fines and penalties from the IRBA.

Accounting Standards 98

Accounting Standards Economics IFRS Auditing 98

VCFO

AUGUST 25, 2022

The range of issues that typically come to light in security audits and reviews aren’t solvable in one fell swoop. At vcfo, achieving the level of security envisioned following the security audit took considerable time. Bucket two of IT security expenses focuses on employee education. ——-.

Securities 78

Securities Prioritization Education Budgeting 78

CFO News Room

DECEMBER 2, 2022

I needed to feel confident that if someone did come in to audit us, those numbers were solid and credible. He shares his love of animals by making educational programmes that appeal to all ages with a clear message that we need to do more to look after our precious planet.”. I had to really believe in them.”. Who is her hero? “It

Technology 130

Technology CFO Benchmarking Numbers 130

CFO Leadership

AUGUST 12, 2021

This initiative brings together members from historically underrepresented groups to discuss issues that are important to them along with educational and networking opportunities. 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

CFO Talks

NOVEMBER 11, 2024

Additionally, I am excited about the potential of cross-disciplinary collaborations, particularly in areas such as education, professional finance and Information Technology, where AI can significantly improve outcomes.

CFO 52

CFO Leadership Problem Solving Communication 52

CFO Share

JUNE 27, 2024

How can a small business ensure compliance in reporting without overspending on accounting staff and audits? A financial audit is the only legal method of assuring statements are prepared in a manner consistent with these principles. Without a financial audit, your CFO alone manages all financial compliance risks.

Financial Reporting 52

Financial Reporting Compliance CFO Auditing 52

PYMNTS

OCTOBER 6, 2020

The friction is mainly education,” said Lance Carlson , co-founder and chief operating officer for payment services software provider HealPay. “. Firms looking to verify that their operations follow PCI requirements must pay not only to have their businesses audited but also to bring them up to speed if they do not.

Compliance 71

Compliance Auditing Securities Education 71

The Charity CFO

SEPTEMBER 14, 2022

It’s true that due to their uniquely valuable societal contributions, such as charitable actions or educational priorities, nonprofits receive tax exemption for income from activities substantially related to their primary purpose. . But what if I told you that’s not always true?

Nonprofit 98

Nonprofit Profit and Loss Education CFO 98

PYMNTS

JANUARY 10, 2019

Today, external auditors and accountants are facing rising pressure to mitigate risk amid market volatility, with analysts pointing to increased auditing fees last year as accounting standards tighten. Auditors are embracing automation to mitigate against the risks of errors and non-compliance, the Wall Street Journal reported last month.

Finance 74

Finance Risk Management Auditing Accounting Standards 74

CFO Share

MARCH 2, 2023

Modern AP software eliminates paper checks and replaces them with electronic payments with robust audit logs. Forcing scammers to contend with suspicious coworkers and immutable audit trails is very effective invoice fraud prevention. Staff education on types of fraud The best fraud prevention is education.

Invoicing 52

Invoicing Accounts Payable Auditing Education 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

CFO News Room

JANUARY 19, 2023

They also offer educational resources to help users learn the basics of investing. Robinhood uses a variety of security measures to protect user accounts, including two-factor authentication, encryption, and regular security audits. What kind of security measures does Robinhood have in place to protect my account?

Profit and Loss 130

Profit and Loss Securities Nonprofit Investments 130

The Charity CFO

JULY 10, 2022

They also educate the rest of the board on their duties and responsibilities to the organization. . Meanwhile, audits, financial management, and risk mitigation fall under the purview of the Finance or Risk Management Committee. The Nominating and Governance Committee takes on the essential task of board development.

Nonprofit 97

Nonprofit Auditing Communication Risk Management 97

CFO News

NOVEMBER 30, 2024

Companies like Godrej Consumer, Tata Motors, and PepsiCo are implementing safety measures and accessibility audits. Despite rising demand, a skills gap persists among PwD candidates due to educational marginalization. India Inc is increasing the hiring of people with disabilities in manufacturing to promote inclusivity and innovation.

Auditing 40

Auditing Education Manufacturing 40

CFO Talks

SEPTEMBER 6, 2022

The IEC, under her leadership, has received a clean audit for the past two financial years. She was also a board member of Cricket South Africa and a member of the audit committee of CATHSSETA, as well as the CFO of the Road Agency Limpopo, a state-owned enterprise. That must put a lot of pressure on the CFO.

Auditing 52

Auditing CFO Education Leadership 52