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Carmine Di Sibio’s exit and the firm’s abandonment of “Project Everest” may signal a new era of leadership, as well as a new structure to complete the breakup of EY’s consulting and auditing arms.
When it comes to Federal Single Audits , nonprofits often make costly mistakes that lead to compliance issues, financial weaknesses, and material deficiencies. Below, we break down the top audit findings and what nonprofits need to know to stay compliant. Make sure your documentation is complete.
The PCAOB has stirred up criticism since SEC Chair Gary Gensler shook up its leadership and called for sharper regulation of the firms that audit public companies.
Identifying and Overcoming Ethical Dilemmas in Business In the corporate world, numbers might drive decisions, but values define leadership. These dilemmas might not always come with flashing warning signs, but how you handle them speaks volumes about your leadership and your company’s culture.
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. Financial literacy across leadership teams These steps build internal trust and alignmentessential for long-term success. If so, whenand how?
Members’ Profile: Lutic Molo Mosoane In this edition of CFO Club Africa’s Members Spotlight, we are introducing Lutic Molo Mosoane, a visionary leader and finance expert with a passion for driving impactful change through financial innovation and strategic leadership. I’m an early riser, usually up by 4 a.m. on weekdays.
And heres the real kicker: audits dont catch most of it. On a recent episode of A Modern Nonprofit Podcast , Tosha sat down with Jason Kruger, Partner at Citrin Cooperman, to expose the real risks of nonprofit fraudand why audits wont protect you. Why Audits Wont Save You “The easiest way to steal? Audits wont catch it.
Do an emotional audit. Do an emotional audit and ask yourself: What am I feeling? This process builds your emotional intelligence, strengthening your capacity to perform emotional labor and leadership over time. Situations that cause us to experience internal dissonance are opportunities for personal learning and growth.
As a key member of the executive leadership team, the modern CFO often serves as a trusted advisor and strategic partner to the CEO. The CFOs responsibilities now extend far beyond financial stewardship.
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.
Members’ Profile: Rofhiwa Irene Singo In this edition of our CFO Spotlight series, we are featuring Rofhiwa Irene Singo, an accomplished finance leader whose journey is a testament to resilience, adaptability, and impactful leadership. Share your favorite leadership lesson.
The CFO Leadership Council proudly highlights our very first ten Diversity, Equity, and Inclusion Ascend Honorees! The Ascend program is an opportunity for Senior Finance Executives from underrepresented groups to join The CFO Leadership Council. Meet Our First 10 Ascend Honorees. Joy Harper, Cloud Finance, Google.
Jerome’s professional journey began with PwC (Luxembourg) as an Audit Manager, where he built a solid foundation in financial management and corporate governance. Share your favorite leadership lesson. As a good Belgian, I love to buy houses rather than renting !
A recent internal audit had revealed that some employees in high-stakes roles were bending the rules to meet targets. and “Do you believe leadership values integrity over performance?” Review any ethics-related reports or concerns raised by employees to identify patterns and areas for improvement.
Discover how SAP solutions lay a solid foundation for audits and next level PCAOB or AICPA compliance reviews. While passing each audit is a critically important milestone, companies also should understand that it is only one aspect of ensuring their financial transparency and integrity.
Recognizing the need to enhance my managerial capabilities, I pursued a Postgraduate Diploma in Management, which equipped me with essential leadership skills. A CFO must align financial management with the company’s long-term goals, ensuring financial strategies support overall business growth.
Members’ Profile: Ronel Jooste In this edition of our CFO Spotlight series, we are featuring Ronel Jooste, a dynamic force in the worlds of finance, wellness, and leadership development. I am currently busy with my John Maxwell Leadership Trainer & Coach certifications and might pursue my Masters degree next year.
I held various positions in auditing, revenue accounting, billing, credit and collection, and financial planning which exposed me to the various challenges of these roles,” he recollected. The post Critical lessons in finance leadership in 2022 appeared first on FutureCFO. Qualities of a finance leader.
She had excelled quickly, so much so that she was assigned to a leadership role in a major audit project just 2 years into her career. Her leap for personal reasons ultimately led her to a leadership role that she hadn’t anticipated—a twist in her journey that eventually set her on the path to becoming a CFO.
The culture emphasized being an integral part of the senior leadership team and driving change. Along the way, Wallach says GE’s culture exposed her to the personal attributes that would become increasingly critical as she advanced into leadership positions. “Do you have personal edge? Can you make the tough calls?
Its essentially doing the internal audit work while also functioning as an organizational tool. Its more about leadership, getting the right people on board, keeping everyone motivated, and ensuring no one loses sight of the goals. It automates tasks that people used to handle manually. These tools are vital now.
Strategies to Address This Challenge Conduct Data Audits : Regularly review your customer database to identify inaccuracies. Ensure Data Quality : Conduct regular data audits to support seamless integration. Efficiency : Clean data ensures invoices reach the right recipients, minimizing disputes and speeding up payments.
Meanwhile, she added that success in finance leadership must “go beyond work”, especially with the current situation. It impacts your family, mental and emotional health, so the leadership must be just beyond the normal. The post Finance leadership in the COVID era appeared first on FutureCFO. Editor’s note: Ms Joweehlyn B.
Michael's Note: It is with a heavy heart this week that we pay our respects and bid farewell to Patrick Mahoney, the CEO of the Financial Planning Association, who passed away this week after a long battle with cancer.
CFO Kfir Lippmann began his career at Ernst & Young in Tel Aviv, auditing high-growth tech clients and navigating the intricacies of IPO-bound businesses. His approach to finance leadership emphasizes transparency and data-driven decisions across all functions, not simply being the bad guy, Lippmann tells us. Salt Security www.
Implement a Strict Conflict of Interest Policy Every nonprofit should require board members and key leadership to disclose conflicts of interest annually. This ensures accountability and makes audits or donor inquiries easier to manage. It allows for individual spending cards, built-in approvals, and easy receipt tracking.
The Philadelphia bank blamed previous leadership for delays in its audit and annual report. The lender has weathered board upheaval and a spike in trading when similarly named First Republic faltered.
Your finance team looks to you for more than technical leadership. And in a world where financial scrutiny is rising from every angle SARS, audit committees, regulators, boards the strength of your team is a strategic asset. And it starts with leadership. Your employer brand especially in finance starts with you.
He reflects on the challenges he has faced, the leadership lessons he has learned, and his vision for the future, including a potential transition from CFO to CEO or consultant. These accolades reinforced my commitment to sustainable finance, transparency, and ethical leadership. How do you handle professional challenges?
Risk management isnt a luxury, its a core leadership function. And when something goes wrongfrom a supplier collapse to a cyber breachfinancial leadership is often the first-place people look for answers. A failed audit. And remember: your leadership sets the tone. Its good leadership. The board expects more.
Members’ Profile: Jean-Claude Marais In this edition of CFO Club Africa’s Members Spotlight, we are introducing Jean Claude Marais, a seasoned finance professional whose career reflects a blend of expertise, ambition, and leadership. Can you share some career highlights and defining moments? Leading by Example.
In just a few days, he and the leadership team developed a plan to reduce overlapping costs and improve operational efficiency. Subsequent roles at Technosource and VPay expanded his skills into operations, sales, and human resources, giving him the well-rounded experience necessary for senior leadership.
These are the three Ps that guide CFO Zach Johnsons data-driven approach to financial leadership. Precision involves rigorous financial processesclean audits, timely closes, and granular understanding of key metrics. These are the three Ps that guide CFO Zach Johnsons data-driven approach to financial leadership. []
Her career milestones include achieving two consecutive clean audits and contributing to South Africas GDP growth and unemployment solutions. She is passionate about mentorship, youth development, and ethical financial leadership. I received a clean audit in my position as an accountant for two consecutive years.
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.
In a recent joint survey by the Association of Chartered Certified Accountants and the Chartered Accountants Australia and New Zealand , it was revealed that both current audit professionals and prospective entrants stress the crucial need to achieve equilibrium between work and one’s personal life.
The Importance of Integrity in Leadership In the ever-evolving landscape of corporate governance, CFOs in South Africa play a pivotal role in shaping the ethical framework of their organisations. Integrity, at its core, is non-negotiable in leadership—it builds trust, fosters accountability, and drives sustainable success.
Fractional CEOs are a new trend in leadership where experienced people with specialized skills choose to work with multiple companies instead of a single one. There are clear benefits for companies in terms of reduced cost and hiring errors, as well as the ability to build both depth and scale.
Josh, former auditor at the National Audit Office and former management finance professional at environmental leadership group C40, is big on change – but not the sudden, dramatic kind. . “In my experience, it has connotations around redundancies and other negativity of change. Small changes, big impacts. “I
Adequate financial leadership has never been more critical to today’s market. Whether navigating a leadership gap, managing complex financial transactions, or steering through a period of growth or crisis, a transitional Chief Financial Officer provides the necessary insights and support to ensure financial stability.
Adequate financial leadership has never been more critical to today’s market. Whether navigating a leadership gap, managing complex financial transactions, or steering through a period of growth or crisis, a transitional Chief Financial Officer provides the necessary insights and support to ensure financial stability.
The insights I gain are as rewarding as completing a leadership workshop or earning a degree. Beyond professional objectives, working with finance leaders is a personal growth opportunity. FutureCFO: Can you share an experience that was key to your professional growth?
These roles allowed her to spearhead key financial initiatives, such as implementing an Oracle asset management module, which revolutionized asset management for the organization and streamlined audits. An area that had been a head for the organization for a very long time resulting in delayed audits.
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.
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