PYMNTS

JANUARY 26, 2021

Usually, the auditing workflow involves looking at expense reports filed by employees, with a focus on identifying potentially erroneous or even fraudulent transactions. Digitizing and centralizing spend across various departments and workflows is the first step to enhancing the auditing process, said McCrossan.

Auditing 75

Auditing Invoicing Accounts Payable Compliance 75

CFO Share

MARCH 14, 2022

What is the difference between a quality of earnings report and an audit? Audited financial statements focus on compliance with GAAP accounting standards, whereas Quality of Earnings reports focus on the company’s earnings history and potential. Sales concentrations and/or backlog risk. Transactions with related parties.

Auditing 52

Auditing GAAP Accounting Principles Profit and Loss 52

PYMNTS

APRIL 21, 2017

But a new report from Black Duck Software says the providers of open source software may be putting themselves and their corporate customers at risk. In Black Duck’s second Open Source Security and Risk Analysis report , released this week, the firm found that 96 percent of applications audited have some open source component in them.

Auditing 43

Auditing Risk Analysis B2B Compliance 43

Future CFO

MARCH 27, 2025

AI-driven audit and risk assessment tools are continuously scanning transactions and financial statements for irregularities, helping finance teams detect fraud risks or compliance breaches early." Key hurdles include data localisation, AI model explainability, and real-time risk assessments."

Compliance 52

Compliance Financial Planning and Analysis (FP&A) Forecasting Financial Analysis 52

PYMNTS

AUGUST 14, 2018

In the world of transaction monitoring for compliance, the spreadsheet becomes the all in all: a ledger, analytics, tracking, case management and auditing tool. But additionally, he stated, there is a potential cost and risk of missing something that is later flagged by an audit or regulators. Simple Never Lasts Long.

Compliance 40

Compliance Auditing Risk Analysis Prioritization 40

Future CFO

JUNE 3, 2024

She recounts that other steps, including integration into risk analysis, strategy considerations and data, should follow closely as top considerations.

Finance 40

Finance Compliance Auditing Leverage 40

Cube Software

MAY 11, 2023

Another, critical use case of pro forma financial statements is risk analysis. This is known as sensitivity analysis , and basically shows how risky the company's current position is. It's also best practice to audit the data before plugging it into your pro forma statements.

GAAP 40

GAAP Financial Planning and Analysis (FP&A) Profit and Loss Accounting Principles 40