CFO News Room

NOVEMBER 14, 2022

accounting regulators to inspect China-based audits is raising questions about the role of unregistered auditors in the Chinese gambling enclave of Macau, where several U.S.-listed audit watchdog. audit watchdog. A recent agreement between Washington and China allowing U.S. listed casino businesses operate. Associates Inc.,

Auditing 100

Auditing CFO Accounting Corporate Finance 100

Global Finance

MARCH 2, 2025

In a recent interview, the US Securities and Exchange Commissions (SEC) enforcement director said they had a record $600 million in penalties in 2024 just for 70 cases. Horton: I think auditors, for sure, because they want to know their audit risk, especially if you are taking over from a previous auditor. But nothings impossible.

Forecasting 112

Forecasting Auditing Accounting Profit and Loss 112

PYMNTS

APRIL 13, 2020

For all that has changed dramatically in the last several weeks due to the coronavirus pandemic, consumers are still looking for the same two core offerings in every transaction, no matter what it is or where it takes place: seamlessness and security. An awful lot of other things have changed all around that core, however.

Securities 129

Securities eCommerce Concentration Accounting 129

Bramasol

MAY 13, 2024

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. Why Should You Care?

Auditing 84

Auditing Compliance SAP Accounting Standards 84

CFO Dive

AUGUST 2, 2022

exchanges but a 2020 law gives the Securities and Exchange Commission authority to do that if the PCAOB isn’t getting cooperation. The Public Company Accounting Oversight Board (PCAOB) doesn’t have the authority to remove foreign companies from U.S.

Auditing 144

Auditing Securities Accounting 144

PYMNTS

JUNE 26, 2020

The company was involved in deliberate deceit and had given false statements on escrow while EY was carrying out the 2019 audit of the company, which EY took to the relevant authorities, Reuters reported. billion on its books that may not exist.

Auditing 102

Auditing Accounting Banking Marketing 102

PYMNTS

AUGUST 7, 2020

Unisys has partnered with PayCargo , which works in electronic invoicing and settlements for shipping companies, to deliver a new payments platform for cargo providers that a press release touts as more secure and faster. The platform lets clients have their cargo released the same day.

Securities 102

Securities B2B Auditing Cash Management 102

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 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

PYMNTS

JULY 26, 2020

In the latest development, Bundesbank President Jens Weidmann said in an interview published by newspapers that are part of the Funke media organization that auditing should be enhanced, according to a translation to English from German by Reuters.

Auditing 83

Auditing Banking Finance Accounting 83

Global Finance

DECEMBER 26, 2024

Its essentially doing the internal audit work while also functioning as an organizational tool. This involved restructuring the former company, setting up the right platform, and securing the proper capital structure. These tools are vital now. GF: Were there any tough periods at Thryv?

CFO 98

CFO Restructuring Math Finance 98

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

VCFO

AUGUST 25, 2022

Ensuring IT Security in Small- to Medium-Sized Businesses. Here, we take a look at today’s IT risk environment for SMBs, as well as the tools, processes, and services that one organization (vcfo) counts on to ensure their systems and data remain secure. Establishing a Security Baseline. Where are we most vulnerable?

Securities 78

Securities Prioritization Education Budgeting 78

Nerd's Eye View

JANUARY 27, 2025

Tools are available to help ensure that communications are securely archived and include necessary disclosures to meet regulatory requirements, promoting transparency and ensuring that firms are prepared for audits.

Leverage 83

Leverage Communication Auditing Compliance 83

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. If I could relive one day from my career, it would be 31st July 2014—the day my team and I finally achieved an unqualified audit opinion for the Department of Mineral Resources.

CFO 95

CFO Auditing Leadership Finance 95

Future CFO

AUGUST 5, 2024

A new study from the Chinese University of Hong Kong (CUHK) Business School found that the smart contract audit market is thriving, with new technical audit firms leading this. The research provides valuable insights into the factors driving the growth of this market and the role of audits in mitigating risks for investors.

Auditing 52

Auditing Marketing Education Finance 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.

Auditing 57

Auditing CFO Compliance Accounting 57

CFO Thought Leader

APRIL 9, 2025

Tony Jarjoura, now CFO of Gigamon, found himself surrounded by audit committee members as a dense, highly technical tax strategy unraveled before them. Theres an increasing amount of nefarious activity happening within lateral movement, and having the right tools is essential for monitoring and securing those internal data packets.

CFO 59

CFO Finance Auditing Forecasting 59

PYMNTS

JUNE 26, 2020

That routine audit procedure could have uncovered the vast fraud at the suburban Munich company, the report said. The accountancy firm, which has audited Wirecard since 2010, has been thrust into the center of the scandal around $2.1 billion) in cash, the Financial Times reported. OCBC declined to comment, the paper reported.

Accounting 116

Accounting Auditing Accounting Firms Banking 116

PYMNTS

MAY 4, 2020

Despite an audit that raised questions about operations at Wirecard, a publicly traded financial services provider based in Munich, its CEO has ignored calls to resign. The survey by KPMG, a global auditing firm, criticized the company’s lack of transparency and cooperation. The company employs 5,300 workers.

Auditing 64

Auditing Compliance Economics Planning 64

CFO Plans

NOVEMBER 25, 2024

As stewards of financial data, CFOs must prioritize cybersecurity measures to ensure the security of sensitive information and maintain client trust. Secure Financial Data Management: A Top Priority At the core of modern financial services is secure financial data management.

Prioritization 52

Prioritization Compliance Financial Data CFO 52

PYMNTS

DECEMBER 4, 2020

Munich prosecutors have launched an investigation into the Ernst & Young ( EY ) audit of Wirecard AG, compounding the firm’s troubles associated with $2.3 billion that went missing at the payment company.

Auditing 75

Auditing Accounting Firms Banking Accounting 75

PYMNTS

JUNE 29, 2020

According to emails seen by WSJ, the auditing firm knew of and had questions about the arrangements and was signing off on Wirecard’s financial results for years anyway. Earlier this year, EY said it had refused to sign off on Wirecard’s 2019 accounts due to the discrepancies and false statements around the missing money.

Auditing 130

Auditing Risk Management Accounting Banking 130

The Charity CFO

MAY 6, 2022

You could even find yourself in worse shape than if you’d never secured the funding. Do I need an audit to secure federal grant funds? No, you don’t always need a nonprofit audit in order to qualify for federal grant funding. . An independent CPA must prepare the single audit, at the expense of the nonprofit.

Nonprofit 119

Nonprofit Auditing Financial Systems CFO 119

Bramasol

AUGUST 11, 2023

In this latest post, we take a look at data security, privacy protections, and overall cybersecurity issues, which impact all companies, especially those that are implementing new DSE programs. Maintaining strong security measures can help build and maintain a positive reputation.

Securities 74

Securities SAP Compliance B2C 74

PYMNTS

JUNE 29, 2020

CertiK , an auditing firm, wants to bring Internet of Things (IoT) devices onto blockchain through its new partnership with Hdac , CoinDesk reports. ” Meanwhile, Tezos is looking likely to avoid action by Securities and Exchange Commission (SEC) by settling a lawsuit with a $25 million settlement. .”

Securities 67

Securities Auditing Planning Marketing 67

Future CFO

MARCH 26, 2024

Chief audit executives expect audit coverage of artificial intelligence-related risks will grow as organisations race to adopt the technological advancement , according to a Gartner study. Half of the top six risks with the greatest increase in audit coverage are AI-related."

Auditing 52

Auditing Compliance Technology Securities 52

PYMNTS

DECEMBER 18, 2020

and China over trade and security issues. Securities and Exchange Commission (SEC) in August. auditing standards by the end of next year, including opening up their audit records to U.S. auditing rules. The Chinese IPO boom comes amid heightened tensions between the U.S. China and the U.S.

Auditing 107

Auditing Valuation Treasury Marketing 107

CFO Plans

APRIL 1, 2025

By doing so, entrepreneurs can secure their footing in the market and continue their upward trajectory. By integrating compliance into their growth strategies, they not only protect their businesses but also secure their position for long-term success.

Compliance 52

Compliance Startups Risk Management CFO 52

CFO Talks

APRIL 10, 2025

Evidence must be secured immediately. If you’re managing a fraud investigation internally, maintain a timeline and audit trail. They understand that fraud risk isnt a threat to be buried in an audit report. When fraud hitsand eventually, it willyou need a plan. Systems need to be locked down.

Leadership 52

Leadership Auditing CFO Reconciliations 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. In some cases, a state may have no requirement for an audit.

Auditing 52

Auditing Nonprofit Compliance CFO 52

PYMNTS

JUNE 24, 2020

Neil Campling, an analyst at Mirabaud Securities, told CNBC that the transaction was structured in such a way that SoftBank took no financial risk. A KPMG audit was conducted for Wirecard last fall.

Investments 104

Investments Auditing Accounting Firms Accounting 104

CFO News Room

JANUARY 6, 2023

A recent study shows how delaying Social Security benefits typically leads to greater lifetime wealth than claiming benefits early in order to reduce portfolio withdrawals. How a ‘time audit’ can help an individual spend more time on their most important personal and professional activities.

Practice Management 130

Practice Management Auditing Planning Investments 130

E78 Partners

SEPTEMBER 27, 2024

Data privacy and security are at the forefront of concerns for most organizations. Information security can be especially complex to implement and monitor across portfolio companies and sponsors. Stakeholders and decision makers should be fully committed to the process, prioritizing data security across all departments.

Compliance 59

Compliance Securities Leadership Prioritization 59

PYMNTS

JULY 5, 2020

A special audit conducted late last year by KPMG and seen by the paper revealed the profits appear to have existed largely on paper. Ernst & Young , the company’s auditor, reported that from 2016 to 2018, Wirecard’s annual earnings nearly doubled to 439 million euros ($494 million). But such profits did not exist, the Times reported.

Auditing 68

Auditing Profit and Loss Valuation Accounting Firms 68

PYMNTS

OCTOBER 9, 2020

Enterprise device security firm Eclypsium has notched $13 million in an oversubscribed funding round , which brings the overall funding of the firm to $25 million. Eclypsium will harness the infusion for growth, while it plans to keep building out the functions of its platform to handle heightened market demand.

Compliance 107

Compliance Auditing Accounts Payable Valuation 107

Global Finance

DECEMBER 6, 2024

Additionally, there is a growing focus on sectors and themes that can benefit from geopolitical trends, such as global security and infrastructure development. We advise our clients to adopt a proactive approach by implementing robust security measures and staying informed about potential threats.

Banking 52

Banking Communication Strategic Planning Leverage 52

Nerd's Eye View

JULY 31, 2024

At a high level, the exam process typically kicks off with a phone call from the SEC examiner, followed by a secure email detailing the information being requested from the advisor.

Auditing 98

Auditing Compliance Advertising Communication 98