PCAOB adopts updated ‘foundational’ rules requiring faster audit filing
CFO Dive
MAY 13, 2024
audit watchdog updated standards created two decades ago and aligned regulation with changes in technology.
This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
CFO Dive
MAY 13, 2024
audit watchdog updated standards created two decades ago and aligned regulation with changes in technology.
CFO Dive
APRIL 29, 2024
Companies hiring for internal audit need to prepare for disruption from new technology such as artificial intelligence and robotic process automation, IIA said.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Maximizing Profit and Productivity: The New Era of AI-Powered Accounting
Book of Secrets on the Month-End Close
How To Break Digital Transformation Barriers And Accelerate AI Adoption
Forecasting Failures Are Costly: Heres How To Fix Them
The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience
CFO Dive
MARCH 28, 2023
The audit watchdog aims to update and unify interim standards created 20 years ago, aligning its rules with new independence requirements and advances in technology.
Maximizing Profit and Productivity: The New Era of AI-Powered Accounting
Book of Secrets on the Month-End Close
How To Break Digital Transformation Barriers And Accelerate AI Adoption
Forecasting Failures Are Costly: Heres How To Fix Them
The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience
The Charity CFO
MARCH 20, 2025
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.
Advertisement
Technology is rapidly changing the way accountants perform and manage month-end activities. ART users have enjoyed: Reduced reconciliations by 10 to 40% Faster close processes Less time wasted during audits Real-time close status updates Ready to take control of your month-end close?
E78 Partners
NOVEMBER 22, 2024
Effective technology expense management is essential for companies looking to optimize budgets and stay competitive in today’s fast-paced digital landscape. Businesses must develop a strategic approach that addresses common obstacles and ensures that technology investments align with their operational goals to avoid these issues.
CFO Dive
MAY 4, 2023
Despite recent technological advances transforming auditing processes, KPMG’s Sebastian Stöckle says people will always play key roles.
CFO Talks
NOVEMBER 25, 2024
From achieving clean audits in the public sector to leading diverse teams and mentoring the next generation of finance professionals, his journey is a testament to determination, faith, and the power of transformative leadership. However, Mr. Moloto’s passion for accounting rubbed off on me, sparking a love for finance.
Future CFO
DECEMBER 22, 2024
Strategies to Address This Challenge Conduct Data Audits : Regularly review your customer database to identify inaccuracies. Use Technology : CRM tools and data validation software can automate much of the cleanup process. Ensure Data Quality : Conduct regular data audits to support seamless integration.
CFO News Room
DECEMBER 2, 2022
When Frances Lawrence was first brought in as Financial Director at software company FISCAL Technologies in 2019, the business was in real need of working capital to accelerate the growth curve. . Frances’ beginnings at FISCAL Technologies. The post Frances Lawrence, CFO, FISCAL Technologies appeared first on GENCFO.
CFO News Room
DECEMBER 16, 2022
Maxar Technologies – Shares of the satellite owner and operator surged 122% following news that private equity firm Advent International will acquire the company and take it private in a deal valued at $6.4 gained access to necessary audit documents. Meta Platforms – Shares of Meta Platforms rose 3.5% billion, or $53 a share.
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. GF: Will there be some technology available using your model? Here in the UK, the Financial Reporting Council looked into audit papers of the FTSE 100 and basically gave them a good health score.
CFO News
AUGUST 2, 2023
Sudhir Soni also stressed retaining high-quality talent in audit and responding to rapid technology changes are the top two challenges facing the accounting profession.
CFO Thought Leader
NOVEMBER 4, 2024
These experiences, coupled with her GE foundation, ultimately paved the way for future CFO appointments and her latest CFO chapter at Amprius Technologies. ” —Sandra Wallach, CFO of Amprius Technologies, Inc. CFOTL: Tell us about what Amprius Technologies does and its offerings today. .”
Global Finance
DECEMBER 26, 2024
Technology quickly took off. Its essentially doing the internal audit work while also functioning as an organizational tool. You really have to be flexible and adapt because things move much faster than they used to. I started in public accounting at Ernst & Young, where we did everything manually. Ledgers and calculators.
Future CFO
FEBRUARY 14, 2025
As businesses navigate their way around various technological advancements, finance teams are faced with the task to integrate analytics and automation into their existing processes, determining at the same time which specific system to transform first for maximum operational impact.
Nerd's Eye View
FEBRUARY 7, 2025
Also in industry news this week: Financial Planning Association CEO Patrick Mahoney died this week after a battle with cancer, leaving behind a legacy that includes rejuvenating the relationship between FPA National and its chapters A group of advisory trade groups and broker-dealers have sent a letter to Congressional committees requesting that the (..)
E78 Partners
DECEMBER 5, 2024
This approach provides technology leaders with the visibility and tools they need to achieve long-term scalability and financial flexibility. Asset Optimization & Rationalization: Streamlined technology portfolios for maximum efficiency. Learn more about our Inventory Assessment and Historical Audit here.
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.
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.
E78 Partners
APRIL 26, 2024
E78 uses an evidence-based methodology to validate telecom inventory by combining time-tested process, tailor-made auditing BI and the best experts in the field. Our clients who already have a TEM today can still achieve average savings of 15%-30% from E78 audits and 30%-50% from E78 sourcing and advisory services work.
CFO News
JULY 29, 2024
Former ICAI President highlights the disparity in remuneration between Big 4 and smaller audit firms, linking higher pay to better quality and to an extent mandated appointments as well and stressing the need for fair audit fees and greater awareness.
Future CFO
NOVEMBER 7, 2023
In today's fast-paced world, creating an effective audit procedure is critical for companies to remain competitive and adhere to evolving regulations. Through this, companies can be certain their audits are completed accurately and quickly.
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.
Future CFO
APRIL 1, 2024
Embracing technology has been proven an imperative among firms to remain relevant in talent attraction and acquisition. The ACCA-CA ANZ study reveals a significant trend: with 92% of individuals contemplating entry into the audit profession prioritise prospective employers' investment in and use of advanced technologies.
CFO Talks
MARCH 5, 2025
If there are differences, it can lead to problems during audits or inspections. Use Technology to Make Reporting Easier Financial reporting can be time-consuming, especially if youre relying on spreadsheets or manual calculations. Many companies are now using technology to simplify the process and reduce human error.
Future CFO
APRIL 4, 2024
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 Charity CFO
MAY 31, 2024
Luckily, modern accounting software and other bookkeeping technologies can help you keep up with day-to-day bookkeeping, reporting, and accounting tasks more efficiently. Bookkeeping technology and software help reduce human errors and ensure consistent data entry and calculations.
The Charity CFO
MARCH 13, 2025
This ensures accountability and makes audits or donor inquiries easier to manage. If you dont have real-time access to financial reports, its time to upgrade your processes or invest in better financial management technology. It allows for individual spending cards, built-in approvals, and easy receipt tracking.
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."
Future CFO
JULY 16, 2023
The top priorities for chief audit executives (CAEs) in 2023 are advancing data analytics, providing assurance on proliferating digital risks, and talent management, said Gartner recently. CAEs’ focus on providing assurance over technology and digitalisation and advancing audit’s use of data analytics is not new,” said McKnight.
Future CFO
JANUARY 22, 2024
Two audit firm solutions of Wolters Kluwer have been pre-approved by the Infocomm Media Development Authority (IMDA), a statutory board of the Singapore government, said Wolters Kluwer Tax & Accounting (TAA) Asia Pacific (APAC) recently.
Future CFO
NOVEMBER 28, 2023
A finance leader must be able to fully understand the trends in sustainability and the challenges associated with climate change, incorporating such practices in the organisation's overall audit process. The post Climate risks as a consideration in audit processes appeared first on FutureCFO.
CFO Plans
APRIL 1, 2025
In the exhilarating realm of technology startups, ambitious entrepreneurs and CEOs are on a relentless quest for rapid expansion. Leverage Technology: Utilize platforms that automate compliance processes, ensuring efficiency and accuracy in monitoring regulatory changes.
CFO Plans
NOVEMBER 25, 2024
This includes deploying cutting-edge encryption technologies such as Advanced Encryption Standard (AES) and Transport Layer Security (TLS) to secure data both in transit and at rest. Navigating Financial Technology Compliance Adhering to financial technology compliance and data privacy regulations is another critical responsibility for CFOs.
The Charity CFO
MAY 6, 2022
It also takes time to build-out software and technology capabilities. 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. . A single audit is different from a financial statement audit, but the process is somewhat similar.
Future CFO
NOVEMBER 24, 2024
It's clear that AI is becoming an integral part of every business, and the technology is emerging as a critical driver of business growth. In fact, 77% see the technology as crucial to their long-term goals. Respondents across the Asia Pacific cite key hurdles, including cost (40%), skills (38%), governance (38%) and quality (33%).
The Charity CFO
NOVEMBER 30, 2023
Does the idea of an audit from the IRS leave you with sweaty palms? Most nonprofit leaders aren’t accountants and the thought of getting audited is a sizable fear. Luckily, being prepared can help you avoid accounting mistakes that could come up in a nonprofit audit. The investment now will save you in the future.
Future CFO
MAY 15, 2024
Efforts to standardise reporting practices are also underway, and we see firms investing in technology to enhance their disclosure capabilities. Now, with AI and automation, this has presented even more possibilities to make the audit process less tedious,” he opines.
PYMNTS
OCTOBER 9, 2020
We have built world-class expertise and technology, in partnership with our customers, to address the firmware risk,” Eclypsium CEO Yuriy Bulygin said in an announcement. “We Zira Technologies , a workplace management technology platform, has notched $3.1 Canada, India and Mexico can access Zira’s technologies.
CFO Talks
NOVEMBER 21, 2024
These aspirations drive me, and I look forward to the exciting projects and leadership opportunities that lie ahead. Have you had any international or different cultural experiences in your career? Lastly, developing a strong understanding of technology and its role in finance is vital.
CFO News
FEBRUARY 26, 2023
According to the Caseware International survey report, firms are adopting new technologies at a rapid pace to attract and retain talent, connect with clients and increase insights. Here are the challenges they face in the process, and how tech is playing its role to overcome:
Future CFO
JUNE 24, 2024
This will be an ongoing challenge with AI as there should always be a means to review and audit the system and results. Since the technology is new, there is the question of how Gen AI Financial Statements undergo the scrutiny of regulatory requirements and audits.
CFO News
SEPTEMBER 30, 2024
As the NFRA marks six years of enhancing audit quality in India, top auditors call for stronger governance engagement, technological adoption, and a remedial approach.
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content