CFO News

MARCH 9, 2025

The National Financial Reporting Authority (NFRA) has called for enhanced communication between auditors and audit committees regarding complex tax estimates under Ind AS 12, particularly Deferred Tax Assets (DTAs) and Liabilities (DTLs).

Communication 55

Communication Auditing Financial Reporting 55

CFO Dive

JANUARY 22, 2024

Do you know how audits can enhance the investment decision-making process? This short video explains how accurate, reliable and transparent financial reporting keep capital markets operating effectively.

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Auditing Financial Reporting Investments Marketing 130

The Charity CFO

MARCH 20, 2025

Its the trusted employees padding expense reports, the volunteer quietly redirecting donations, the longtime bookkeeper creating fake vendors. And heres the real kicker: audits dont catch most of it. Why Audits Wont Save You “The easiest way to steal? Surprise financial reviews are another essential safeguard.

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Nonprofit Auditing Accounting Standards CFO 52

CFO News

AUGUST 22, 2023

The National Financial Reporting Authority (NFRA) has imposed fines totalling Rs 30 lakh on an audit firm and its partner for lapses in the audit of Burnpur Cement Ltd. The regulator has slapped a fine of Rs 25 lakh on the audit firm K Pandeya & Co and Rs 5 lakh on Manjeet Kumar Verma, a partner with the audit firm.

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Auditing Financial Reporting 98

The Charity CFO

APRIL 29, 2022

Many nonprofit organizations both large and small need to undergo a financial statement audit every year. Preparing for a nonprofit audit can be overwhelming and anxiety-filled, especially if it’s your first audit or you don’t have a strong and experienced financial team. What is a financial statement audit?

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Nonprofit Auditing General Ledger Reconciliations 105

CFO News

SEPTEMBER 27, 2023

The Telangana High Court has ruled that the National Financial Reporting Authority does not have jurisdiction over audits prior to its constitution in October 2018. Legal and audit experts debate the issue.

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Auditing Accounting Financial Reporting 111

The Charity CFO

MARCH 31, 2023

The word audit can invoke instant fear and dread. Whether it’s an IRS audit, external audit, or even an internal audit, the process can feel burdensome and worrying. Contrary to popular belief, most audits are not conducted to detect a problem. Should My Nonprofit Obtain an Independent Audit?

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Nonprofit Auditing Compliance CFO 98

The Charity CFO

DECEMBER 30, 2021

Contrary to what many people envision, a nonprofit audit doesn’t usually start with a letter from the IRS. Instead, an independent nonprofit audit is something you choose to build trust in your nonprofit organization. An audit can be a critical step for a growing nonprofit that needs to raise increasing amounts of funds.

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Nonprofit Auditing GAAP Accounting Principles 98

Global Finance

MARCH 2, 2025

Horton: I think auditors, for sure, because they want to know their audit risk, especially if you are taking over from a previous auditor. The Public Company Accounting Oversight Board [PCAOB] looks at companies accounts and audit papers and tries to make sure that the accounting is being done correctly. But nothings impossible.

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Forecasting Auditing Accounting Profit and Loss 112

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.

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Leadership Auditing Profit and Loss Compliance 98

CFO News

APRIL 20, 2023

"I don’t think there is a grave delivery gap in the audit. If there is no great financial reporting happening, do you think it would have been possible for India to be projected as the bright spot in terms of the economic growth you are seeing? The whole world is looking up to India.

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Auditing Economics Financial Reporting 105

The Charity CFO

APRIL 1, 2025

At The Charity CFO , weve worked with hundreds of nonprofits (if not thousands)and reviewed thousands of financial systemsover the past decade. Its not just about clean books or audit prep. The organizations that thrive have a shared commitment to financial discipline, strong internal controls, and strategic leadership.

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Nonprofit CFO Leadership Cash Flow Forecasting 98

Bramasol

MAY 13, 2024

Discover how SAP solutions lay a solid foundation for audits and next level PCAOB or AICPA compliance reviews. For any public company, the goal of successfully complying with periodic financial reviews by external auditors cannot be overstated.

Auditing 84

Auditing Compliance SAP Accounting Standards 84

CFO Plans

APRIL 14, 2025

CFO Tax Recovery Strategies: Your Financial Lifeline Implementing robust tax recovery strategies is essential for a swift return to stability. Consider conducting a thorough financial audit to pinpoint areas for improvement. Learn the importance of Emergency Financial Reporting to stay informed.

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Auditing Compliance CFO Financial Reporting 52

Centage

OCTOBER 14, 2021

Financial reporting is a critical task for any organization. Understanding where your actual financials stand in relation to budgets and projections is important to keeping your business on track and in helping to create new projections and budgets. When using spreadsheets for financial reporting, these errors are amplified.

Financial Reporting 59

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

CFO Share

JUNE 27, 2024

How a CFO Ensures Compliance in Financial Reporting Reliable financial statements are crucial for business management, but ensuring compliance may feel like a luxury in the resource-constrained world of small business. How can a small business ensure compliance in reporting without overspending on accounting staff and audits?

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Financial Reporting Compliance CFO Auditing 52

PYMNTS

JULY 6, 2020

The Big Four accounting firms will have to put their United Kingdom auditing and consulting practices in separate business units by 2024, but may keep them within the same parent companies, under regulations announced today by the Financial Reporting Council. The measures by the U.K.’s

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Auditing Accounting Firms Financial Reporting Accounting 66

CFO News

SEPTEMBER 8, 2024

In a revealing conversation with Robin Banerjee, Chairman of Nucleon Pvt Ltd, ETCFO explores the heated debate over SA 600, examining its implications for audit accountability and financial reporting standards in India.

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Auditing Financial Reporting Accounting 75

CFO Talks

SEPTEMBER 17, 2024

Building Robust IT Systems for Financial Reporting As financial operations become increasingly complex, having the right IT infrastructure in place is no longer just a back-office necessity—it’s a strategic advantage. Automation reduces human error, which is one of the biggest risks in financial reporting.

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Financial Reporting Auditing Compliance CFO 52

CFO News

MARCH 28, 2025

Ajay Bhushan Prasad Pandey, Chairperson of the National Financial Reporting Authority (NFRA), and DG and CEO of IICA, said the course will help provide specialisation in auditing for chartered accountants.

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Auditing Financial Reporting Accounting 58

CFO News

APRIL 29, 2024

NFRA's crackdown on auditing irregularities at Reliance Home Finance Limited (RHFL) for FY 2018-19 resulted in significant penalties and debarments for professionals. This action follows suspected fraud and lapses in auditing standards, highlighting the need for stringent oversight in financial reporting.

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Auditing Finance Financial Reporting 64

CFO Talks

MARCH 5, 2025

Align Your Internal Reports with Regulatory Requirements Your companys internal financial records should match what you submit to regulators. If there are differences, it can lead to problems during audits or inspections. Keep track of reporting deadlines Use a compliance calendar so you never miss a submission.

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IFRS Auditing Compliance Financial Data 52

The Charity CFO

DECEMBER 18, 2024

Organizations that expend over $750,000 in federal funds (increasing to $1 million in 2025) are subject to a single audit. This audit goes beyond typical financial audits and examines programmatic compliance as well. Get the free guide!

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Nonprofit Auditing Compliance Budgeting 52

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

E78 Partners

JANUARY 5, 2024

Audits are an essential part of ensuring that a company’s financial statements are accurate and compliant with accounting standards. Proper preparation is critical in navigating the post-acquisition audit process smoothly, minimizing disruptions, and providing timely, accurate information to stakeholders.

Auditing 59

Auditing Valuation Concentration Reconciliations 59

The Charity CFO

MARCH 13, 2025

This ensures accountability and makes audits or donor inquiries easier to manage. Maintain Detailed Financial Reporting Your nonprofits accounting system should allow you to generate detailed reports on every dollar spent. Do You Struggle to Make Sense of Your Financial Statements? Download it for later.

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Nonprofit Auditing Compliance Leadership 52

CFO News

NOVEMBER 6, 2023

Ajay Bhushan Pandey hopes auditors speaking up will eventually over a period of time result in an overall improvement in audit quality and more trust in financial reports of the public interest entities.

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Auditing Financial Reporting 116

E78 Partners

NOVEMBER 12, 2024

Preparing for a financial audit can be a daunting task, especially for private equity-backed firms where accuracy and efficiency are paramount. This article provides a deeper look at the steps CFOs can take to create a seamless, streamlined audit experience.

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Auditing Financial Planning and Analysis (FP&A) GAAP Compliance 52

E78 Partners

NOVEMBER 12, 2024

Preparing for a financial audit can be a daunting task, especially for private equity-backed firms where accuracy and efficiency are paramount. This article provides a deeper look at the steps CFOs can take to create a seamless, streamlined audit experience.

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Auditing Financial Planning and Analysis (FP&A) GAAP Compliance 52

https://trustedcfosolutions.com/feed/

FEBRUARY 9, 2023

Getting audited isn’t something businesses look forward to. Audits cost your business hundreds and thousands of dollars, taking up countless hours researching transactions and data logs, or painstakingly tracking down supporting documentation. Here’s how: Next-Level Efficiency: Streamlining the Audit Feel prepared for your next audit.

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Auditing CFO Compliance Accounting 57

PYMNTS

JUNE 26, 2020

Ernst & Young ( EY ), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1 billion) in cash, the Financial Times reported. OCBC declined to comment, the paper reported.

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Accounting Auditing Accounting Firms Banking 116

CFO Talks

APRIL 8, 2025

Holding an MSc, BSc, and FCCA qualification, Julius has made a remarkable impact in the finance sector, earning multiple prestigious awards, including the Chief Finance Officer of the Year Sustainability Award (2023) and the Financial Reporting Award (2023). Yes, I worked in Rwanda as an audit assistant, auditor, and later accountant.

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CFO Leadership Auditing Finance 52

CFO News

OCTOBER 15, 2024

The Institute of Chartered Accountants of India (ICAI) released a new Standard of Quality Management (SQM), potentially clashing with the National Financial Reporting Authority (NFRA).

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Auditing Financial Reporting Accounting 75

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.

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Auditing Leadership Compliance Communication 52

The Charity CFO

AUGUST 23, 2024

Download the Article For nonprofits, audits are more than just a regulatory requirement–they’re a tool for safeguarding the organization’s mission and financial health. An audit helps improve an organization’s financial transparency, builds donor trust, and ensures compliance with regulations. Pre-Audit Prep 1.

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Nonprofit Auditing Compliance CFO 52

PYMNTS

MARCH 1, 2020

The Financial Reporting Council (FRC), the U.K.’s s audit regulator, announced plans this week to break up the dominance of the largest four accounting firms, Deloitte, EY, KPMG and PwC , according to the Financial Times. and would essentially ask for the firms’ audit and consulting operations to be separated.

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Accounting Auditing Financial Reporting Accounting Firms 92

Future CFO

JUNE 15, 2021

While 62% of organisations expect external audit fees to rise this year, they could combat this by automating their internal controls, said Gartner recently when releasing results of a survey of 166 publicly traded and privately held external audit firm clients across industries in March-April of 2021.

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Auditing Financial Reporting Finance Numbers 52