PYMNTS

DECEMBER 8, 2019

Regulators may also need to replicate their approach to insurers and asset managers by focusing on “activities that have implications for financial stability,” rather than a sole focus on the size of the firm, the FSB added. The Fed is considering an audit of Big Tech firms’ compliance policies and governance structures.

Financial Data 52

Financial Data Concentration Auditing Leverage 52

CFO Leadership

OCTOBER 10, 2023

AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. As AI permeates finance, questions about its compliance with audits and financial governance will arise. With a large and diverse enough data set (e.g.

Accounting 95

Accounting Finance Auditing IFRS 95

The Charity CFO

MAY 31, 2024

Prepare for Audits Inaccurate financial data is one of the top mistakes found in nonprofit audits , but a well-organized bookkeeping system can help you be ready for an audit. This leads to more accurate financial records and reduces the risk of costly mistakes.

Nonprofit 52

Nonprofit Technology Auditing Profit and Loss 52

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

https://trustedcfosolutions.com/feed/

MARCH 22, 2023

You can track invoices, payments, and expenses in real time and securely access your financial data from anywhere. This includes the segregation of duties, approval workflows, and regular audits. Cloud accounting software like Sage Intacct can help you manage your accounts payable more efficiently. Electronic Payment Systems.

Accounts Payable 108

Accounts Payable Accounting Invoicing Reconciliations 108

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

CFO News

JULY 23, 2023

Top Indian companies are facing challenges due to the capital-markets regulator's new Environmental, social and governance (ESG) rules as they struggle to collate non-financial data dispersed across various internal systems, evaluate the impact of disclosing private data on sensitive governance issues, and start dealing with the complexity of capturing (..)

Auditing 52

Auditing Financial Data Marketing 52

PYMNTS

FEBRUARY 14, 2017

million in funding last year, helps SaaS companies manage operations by providing financial management, auditing and reporting, analytics and other back-office services. The business model of SaaSOptics could, in part, be described as a B2B SaaS firm for B2B SaaS firms. The company, which raised $1.8

Financial Data 53

Financial Data Forecasting B2B Auditing 53

PYMNTS

JULY 5, 2017

The nature of financial reporting is to communicate facts aggregated using accounting rules. These facts can be audited back to the source. The value of a predictive algorithm is very limited in a reporting process, mainly because the outcome cannot be audited.”

Financial Data 52

Financial Data Auditing Financial Reporting CFO 52

CFO Share

JULY 16, 2024

They prepare financial reports and statements that clearly and accurately represent the company’s financial position. Internal Controls Controllers implement and oversee internal controls to prevent fraud and ensure the accuracy of financial data.

Financial Planning and Analysis (FP&A) 98

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

CFO Leadership

OCTOBER 18, 2023

AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. As AI permeates finance, questions about its compliance with audits and financial governance will arise. With a large and diverse enough data set (e.g.

Accounting 52

Accounting Finance Auditing IFRS 52

Future CFO

JULY 14, 2024

The lack of uniform controls across these applications can result in inconsistent, non-conforming access, time-intensive and error-prone monitoring, increased threats, fraud, and audit deficiencies. Vitasoy group director for internal audit and risk management Terence Chow commented that it's more than just financial data.

SAP 52

SAP Auditing Finance CFO 52

Bramasol

OCTOBER 2, 2024

These include carbon taxes and ETF trading schemes, emphasizing the urgency to meet data and compliance standards. However, many companies struggle to gather all the necessary data due to error-prone manual processes and incomplete audit trails that jeopardize internal compliance and external assurance.

SAP 84

SAP Prioritization Education Compliance 84

CFO Thought Leader

OCTOBER 2, 2024

LaPeer instinctively stepped in, simplifying the explanation of complex details and demonstrating her ability to distill intricate financial data while effectively reading the room. The head of finance for the acquired firm struggled to present the information clearly, while the new owners shifted uneasily in their seats.

CFO 52

CFO Finance Technology Leadership 52

Beacon CFO Plus

NOVEMBER 30, 2023

Define Roles and Responsibilities: The CFO typically focuses on financial strategy, planning, and management, while the accounting firm handles compliance, audits, and financial reporting. They should have a clear process for sharing information and data. Keep in mind the things a fractional CFO will not do.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 52

The Charity CFO

APRIL 24, 2024

Give you the ability to make data-driven decisions. Complete a KPI Audit A needs assessment and KPI audit can help you determine the most important KPIs for your organization. To perform an audit, you’ll need to consider your current data sets. Specifically, how are you measuring nonprofit goals?

Nonprofit 52

Nonprofit Auditing CFO Finance 52

CFO Talks

SEPTEMBER 18, 2024

Conduct an asset utilisation audit to determine which assets can be better used, sold, or leased. Use Data Analytics for Decision Making: Leverage financial data to assess the return potential of different projects before committing capital. Look beyond immediate gains and consider long-term benefits.

Auditing 52

Auditing Leverage Benchmarking CFO 52

The Charity CFO

APRIL 5, 2022

Financial statement audit or review – if you are required to undergo a financial statement audit or assessment, using the accrual method to be in accordance with GAAP will make the process much smoother and less expensive. Do you need to undergo an audit? . Is Accrual Accounting a Requirement For You?

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

Future CFO

OCTOBER 25, 2023

In addition, machine learning tools can audit large amounts of financial data and identify malicious activity that may be indicative of money laundering. The advancement can also make use of tools that can monitor biometrics, typing patterns, typo errors which can lead to fraud alerts.

Leverage 52

Leverage Auditing Finance Financial Data 52

Centage

SEPTEMBER 6, 2022

Lack of Security Features Excel may be an easier target for hackers due to inadequate encryption features for protecting your sensitive business information, such as identifiable details and confidential financial data. Without separation of duties or an audit that can track who has had access to the data, fraud can occur.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

Spreadym

AUGUST 10, 2023

What is financial reporting software? Financial reporting software refers to specialized tools or applications designed to help organizations generate, manage, and present their financial data in a clear and organized manner. Exporting and Sharing: The ability to export reports in various formats (PDF, Excel, etc.)

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) Accounting Standards CFO 52

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. I really enjoy presenting financial data in a way that’s easy for someone without a financial background to understand and explaining things in laymen’s terms.” . I had to really believe in them.”.

Technology 130

Technology CFO Benchmarking Numbers 130

Lime Light

OCTOBER 20, 2022

Organizations that are using NetSuite, however, can often find themselves resorting to manual and tedious methods when it comes to financial planning, forecasting revenue, and analyzing financial data.

Budgeting 52

Budgeting Analyzing Data Auditing Financial Data 52

CFO Talks

OCTOBER 15, 2024

Practical Applications of Predictive Analytics in Risk Management To get started with predictive analytics, you don’t need to be a data scientist. Financial Risk Forecasting Predictive models can analyse your company’s financial data—such as revenue patterns, cash flow, and expenses—to identify potential financial risks.

Risk Management 95

Risk Management Compliance Forecasting Credit Risk 95

CFO Talks

SEPTEMBER 5, 2024

Ensuring Data Integration In today’s interconnected world, your FIS must seamlessly integrate with other business systems, such as Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Human Resources (HR) systems.

IFRS 98

IFRS GAAP Compliance Reconciliations 98

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. Learning to analyse financial data with a strategic lens, understanding broader business impacts, and identifying potential risks are essential skills for any future CFO.

CFO 52

CFO Auditing Leadership Finance 52

CFO Share

DECEMBER 13, 2023

We understand the importance of precise financial data. CFOshare’s team approach includes supervision and internal audits to reduce fraud risk. Accurate bookkeeping isn’t just a necessity—it’s the backbone of strategic decision-making. Relying on luck is not an option. Install checks-and-balances.

Auditing 52

Auditing Communication Leverage Accounting 52

CFO Plans

MAY 2, 2024

Evaluating Security and Compliance When it comes to financial data, security and compliance are non-negotiable. Your accounting partner should have robust measures in place to protect your sensitive information, including encrypted data storage, secure communication channels, and regular security audits.

Accounting 52

Accounting Problem Solving Communication Compliance 52

CFO Plans

JULY 5, 2024

This type of software offers unparalleled flexibility and accessibility, allowing your team to access financial data from anywhere, at any time. It eliminates the constraints of traditional on-premise software and enables real-time financial management across all your operations. Learn how to secure your financial data.

Manufacturing 52

Manufacturing Accounting CFO Leverage 52

Future CFO

AUGUST 21, 2023

Robert E Parker "As we look forward to the developments in AI, finance leaders will be in a better position to uncover hidden opportunities and risks and step beyond using structured financial data by utilising data from across organisational silos enhanced with data from outside the organisation."

Finance 98

Finance Compliance Data Analysis Leverage 98

The CFO College

AUGUST 31, 2021

Tracking Financial Data -- Reporting, recording, and storing all financial data for a startup can be overwhelming, if not a total mess. Perpetual data room that gives all applicable parties access to reports, transactions, and tax information at any time. And much more. Tax law is highly complicated.

Startups 81

Startups Accounting General Ledger Forecasting 81

The Charity CFO

MAY 11, 2023

Properly evaluate each company and their credentials before letting go of your financial data. Security Concerns The financial data of an organization is incredibly sensitive. This can be especially helpful if you don’t have a dedicated staff-person with the expertise level required.

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

PYMNTS

NOVEMBER 26, 2019

The regulator said the data it received from Citigroup was not acceptable, and the way the bank handled the reporting processes was not effective. Banks have to regularly report financial data to make sure they’re operating within the law, and to make sure they have buffers against market shifts in terms of risk and capital.

Auditing 76

Auditing Banking Financial Data Financial Reporting 76

Future CFO

JUNE 3, 2024

The next measure, according to Wood, is on fostering collaboration among teams involved in data management and compliance efforts promotes accountability and transparency in data handling, leading to more robust data protection measures.

Finance 40

Finance Compliance Auditing Leverage 40

PYMNTS

JUNE 22, 2020

Because Wirecard did not release its audited annual results (for 2019) last week, the loans could be called in. We’ll note that when an auditor refuses to sign off on a client firm’s results, much of the financial data previously reported should be viewed with a skeptical eye.

Auditing 77

Auditing Banking Financial Systems Financial Data 77

Centage

SEPTEMBER 6, 2022

Excel may be an easier target for hackers due to inadequate encryption features for protecting your sensitive business information, such as identifiable details and confidential financial data. Without separation of duties or an audit that can track who has had access to the data, fraud can occur.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

Future CFO

DECEMBER 17, 2023

Exceptions will trigger AI-driven, automated audits to ensure compliance. Predictive analytics for spend management will emerge Organisations today have access to a multitude of financial data, but they lack the resources to make sense of it easily and rapidly, Tim Lebel, Vice President and Head of Spend Products observed.

SAP 52

SAP Finance Budgeting Data Analysis 52