Future CFO

FEBRUARY 14, 2025

New research from global data and cloud solutions company Hitachi Vantara found that while Asia is outpacing the world in AI adoption, poor data quality and security risks threaten to stall progress. Collaboration between finance and IT teams is vital in maintaining compliance with regulatory standards and data security protocols," he adds.

Cash Flow Forecasting 78

Cash Flow Forecasting Compliance Leverage Reconciliations 78

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. It also facilitates real-time reporting and ensures that data is backed up and secure.

Financial Reporting 52

Financial Reporting Auditing Compliance CFO 52

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.

Accounting 116

Accounting Auditing Accounting Firms Banking 116

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.

CFO 95

CFO Auditing Leadership Finance 95

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.

Auditing 57

Auditing CFO Compliance Accounting 57

The Charity CFO

MAY 6, 2022

You could even find yourself in worse shape than if you’d never secured the funding. Your financial system must be in good working order before you even consider applying for federal funding. In fact, the government places very rigorous financial reporting requirements on organizations that receive federal funding.

Nonprofit 119

Nonprofit Auditing Financial Systems CFO 119

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have. What is financial reporting software?

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) Accounting Standards CFO 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. . This should improve the overall quality of the audit. These lower costs benefit both parties.

Auditing 52

Auditing Accounting Valuation Education 52

The Charity CFO

FEBRUARY 8, 2024

Does the idea of a financial audit on your nonprofit leave you feeling nervous? For many nonprofits, a full financial audit can help ensure the accuracy of their financial recordkeeping. Luckily, not all financial situations require an audit. However, it can also feel invasive and overwhelming.

Auditing 52

Auditing Nonprofit Compliance CFO 52

CFO Share

JULY 16, 2024

In contrast, a CFO is a more strategic financial professional, focusing on long-term planning, investor relations, and overarching financial strategy. Purpose of the Role The controller ensures financial reporting compliance and accuracy while preventing and detecting fraud.

Financial Planning and Analysis (FP&A) 98

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

PYMNTS

MARCH 17, 2017

The collaboration is also holding workshops to promote collaboration among the business community and explore best practices for corporate data security. Successfully battling fraud in financial reporting requires strong collaboration among all the principal players,” he said.

Financial Reporting 40

Financial Reporting Auditing Leadership Accounting 40

CFO Talks

OCTOBER 3, 2024

Implement Physical Controls : Use secure access controls for inventory and cash storage areas and install surveillance cameras where high-value items are kept. This type of fraud often aims to meet financial targets or secure financing under false pretenses. This helps reduce opportunities for fraud.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

CFO Leadership

OCTOBER 10, 2023

They can generate, drafts for presentations, emails, and reports, saving employees time and effort on routine tasks. Using these AI tools in their current state in sensitive areas like finance and accounting raises security concerns. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Accounting 95

Accounting Finance Auditing IFRS 95

Centage

SEPTEMBER 6, 2022

The familiarity of spreadsheets and their ease of use mean many employees are happy to keep working with them, even though they may create serious security risks. Below, we’ll analyze Excel spreadsheets security problems that come with spreadsheets and how implementing software can be a more effective solution.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

CFO Talks

SEPTEMBER 5, 2024

Whether it’s streamlining financial reporting, enhancing data accuracy, or ensuring compliance with South African regulatory standards, clearly defining these objectives will guide the entire design process. Choosing the Right Software and Technology Selecting the appropriate financial software is a critical decision.

IFRS 98

IFRS GAAP Compliance Reconciliations 98

CFO Talks

SEPTEMBER 30, 2024

This conservative approach means that the true value of these innovations never shows up on the balance sheet, which distorts a company’s financial health and makes it harder to attract investors or secure funding for further innovation.

Accounting Standards 98

Accounting Standards Economics IFRS Auditing 98

CFO News Room

DECEMBER 16, 2022

Job security is always a concern when choosing a career, but some fields are more recession-proof than others. After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes. Financial Reporting Skills. This is why financial reporting skills are essential.

Finance 130

Finance Budgeting Financial Analyst Compliance 130

The Charity CFO

JULY 2, 2024

If this feels relatable, this article will walk you through the steps you need to modernize your nonprofit operations–from adopting technology solutions to improving data security. The first thing you need to do to modernize your operations is assess your current processes and policies with an operations audit.

Nonprofit 52

Nonprofit Auditing Prioritization CFO 52

The Charity CFO

MAY 31, 2024

Messy, broken accounting systems can lead to inaccurate financial reporting which can then cascade into further issues like noncompliance with regulations or loss of donor trust. Providing Real-Time Tracking and Reporting: Cloud-based accounting tools provide real-time access to financial data from anywhere with a secure connection.

Nonprofit 52

Nonprofit Technology Auditing Profit and Loss 52

CFO News Room

NOVEMBER 2, 2022

In the United States, Registered Investment Advisers (RIAs) are required to register in one of 2 ways: with the Federal government (namely the SEC) or with one (or more) state securities regulatory agencies. The Brochure Supplement – Form ADV Part 2B. The Brochure Supplement is the sister disclosure document to the Brochure.

Compliance 130

Compliance GAAP Investments Securities 130

PYMNTS

AUGUST 7, 2019

The former chairman of the Australian Securities and Investments Commission has warned of Enron-style corporate collapses thanks to failings of the nation’s auditing industry, according to ABC.net news reports this week. Often, there is a conflict between the consulting business and the audit business of the big four firms.”.

Auditing 51

Auditing Investments Planning Financial Reporting 51

The Finance Weekly

JULY 28, 2022

One of Vena’s customers, , Verra Mobility , claimed that Vena misled them into believing that the Soc 1 Type II report that Verra was given had been audited by an independent auditor. This is a financial reporting tool utilized in performing certain control activities. Establishing Trust With SOC Reports.

Auditing 52

Auditing Compliance Budgeting Securities 52

The Charity CFO

JANUARY 19, 2023

The goal is to create an accurate and comprehensive record of all transactions that can be used for both internal and external reporting, including audits and tax returns. Implement Internal Controls To ensure compliance with accounting standards, you must have proper internal controls in place.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 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. The CFO should work closely with the accounting firm to provide the necessary information for audits and reporting.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 52

PYMNTS

JULY 5, 2017

“Although security is one of the biggest concerns for organizations that consider the move to the cloud, I believe that the cloud can be secured better than on-premise solutions.” ” The mobility of cloud-based reporting tools, too, can bring a new level of ease for the C-Suite, he added.

Financial Data 52

Financial Data Financial Reporting Auditing CFO 52

VCFO

FEBRUARY 15, 2023

She is highly effective at executing finance function strategically, establishing financial and risk controls, and overseeing capital structure. Lee Ann’s depth and breadth of expertise includes board reporting, audit preparation, business plan development, market research and analysis, risk management, and capital requirements.

Auditing 52

Auditing CFO Risk Management Budgeting 52

CFO Plans

JULY 5, 2024

This integration leads to more accurate financial reporting and better decision-making. The Importance of Comprehensive Financial Reporting In the manufacturing sector, detailed and customizable financial reports are crucial. Multi-Factor Authentication: Adds an extra layer of security.

Manufacturing 52

Manufacturing Accounting CFO Leverage 52

CFO Talks

OCTOBER 15, 2024

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. Implement analytics tools that monitor your financial transactions in real-time and alert you to any outliers.

Risk Management 95

Risk Management Compliance Forecasting Credit Risk 95

Bramasol

MARCH 24, 2022

Among the biggest developments is a new proposed rule from the Securities and Exchange Commission (SEC) that was published on March 21, 2022 for public comment over the next 60 days. Certain climate-related financial statement metrics and related disclosures in a note to its audited financial statements; and ?

Accounting 76

Accounting SAP Analyzing Data IFRS 76

Planful

JULY 27, 2016

Despite all of the news in the market about the high percentage of errors in spreadsheets (88% according to a University of Hawaii study) and the challenges of using spreadsheets for budgeting, planning, and reporting – many organizations continue to struggle with the tool. Lack of security sending budgeting spreadsheets via email.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Value-Added Analysis Budgeting 40

PYMNTS

MARCH 6, 2019

.” Accounting strategies can not only boost transparency for regulators and visibility for a firm’s own leadership, but regulators say they can also promote security. ” Meanwhile, previous research from Audit Analytics has also revealed that the number of accounting errors among the U.S.’s Last October, the U.S.

Corporate Finance 55

Corporate Finance Finance Accounting Standards Accounting Principles 55

PYMNTS

OCTOBER 12, 2018

According to the BBC, the company is in talks to secure financing “in an attempt to save the business.” ” Trading for the company was suspended last week, and the chain has since closed two locations as of Friday, with one landlord confirming to reporters that it had repossessed the storefront.

Accounting 49

Accounting Finance Auditing Financial Reporting 49

CFO Plans

MAY 2, 2024

Whether you need outsourced bookkeeping services or advanced financial reporting, your partner should be able to accommodate your needs without disruption. Regular meetings, clear reporting, and a dedicated point of contact will ensure that you stay informed and aligned with your financial goals.

Accounting 52

Accounting Problem Solving Communication Compliance 52

The Charity CFO

APRIL 5, 2023

Depending on your state, funding and other factors, your compliance and audit requirements might vary. Compliance checks or compliance check questionnaires tend to be simpler than a full audit and are limited in scope. A great way to stay on top of these tasks is with an Audit Checklist. This can be a long and lengthy process.

Nonprofit 52

Nonprofit Compliance Auditing Accounting 52

Centage

JULY 25, 2023

Quick report generation: Planning Maestro allows you to quickly and easily build and distribute consolidated financial reports. Our software automates repetitive tasks to provide actionable, accurate reports while minimizing the burden on your team. Download unformatted financial results from the accounting solution 2.

Budgeting 98

Budgeting Financial Planning and Analysis (FP&A) General Ledger Forecasting 98

The Charity CFO

DECEMBER 8, 2022

Because accurate nonprofit accounting can help with reporting and auditing requirements, and ensure that the funds are being used in accordance with the grantor’s wishes. Establishing sound internal controls is essential for ensuring the financial security, accuracy, and completeness of your records related to grants.

Accounting 52

Accounting Nonprofit Auditing Compliance 52

CFO Leadership

OCTOBER 18, 2023

They can generate, drafts for presentations, emails, and reports, saving employees time and effort on routine tasks. Using these AI tools in their current state in sensitive areas like finance and accounting raises security concerns. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Accounting 52

Accounting Finance Auditing IFRS 52