Fri.Oct 13, 2023

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KPMG taps new vice chair of tax

CFO Dive

27-year KPMG alum Rema Serafi will become the first woman to serve as the firm’s vice chair of tax as it looks to craft strong, tech-forward tax offerings.

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Regulated Industries: Growing Food & Beverage Manufacturers Need ERP

Navigator SAP

When food and beverage firms are small, it is often possible to get away with idiosyncratic or inconsistent processes that have been home-grown. But as a food and beverage manufacturer scales up, quality control becomes more important and often required.

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Trending Sources

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PCAOB says 42% of auditors botched quality reviews

CFO Dive

Since early 2022 the PCAOB has tightened standards, stepped up enforcement and intensified inspections of auditing firms.

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National Association of Realtors Is Imploding

Barry Ritholtz

My buddy Jonathan Miller does not hesitate to call out the weasels who represent those who work in his industry: NAR Proves That Trade Groups Aren’t Infallible With an appalling culture of secrecy maintained by wildly overpaid executives (I believe their CEO is paid close to $3 million per year), NAR seems to be imploding right now. These three prominent real estate firms are backing away from the management cesspool that has severely damaged the National Association of Realtors (NAR) brand.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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How UiPath kept its finance team lean as it scaled up

CFO Dive

The goal is to increase team productivity through automation tools, but “doing more with less” might motivate some companies using the technology, CFO Ashim Gupta says.

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A Modern Nonprofit Podcast: Talking Through WIN-WIN (Warehouse) Scenarios

The Charity CFO

WIN Warehouse began in 1991 by Clinton Laws. Today, we spoke with his son and our guest, Travis. The mission is simple, to connect nonprofit organizations with corporate excess inventory. This business model could largely be one of the better win-win scenarios out there. Essentially, WIN Warehouse will act as the middleman between excess corporate inventory and 501c(3) organizations in need of resources.

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The New Kings of Wall Street

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Jan Van Eck, and Andrew Beer discuss the bond market, the national debt, private-credit, alts, managed futures, the Sam Bankman-Fried trial, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else.

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Cash Flow Management: Key Steps

Spreadym

Cash flow management is the process of tracking, analyzing, and optimizing the flow of cash into and out of a business to ensure it has enough liquidity to meet its financial obligations and achieve its strategic goals. Effective cash flow management is crucial for the financial health and sustainability of a business. It involves several key components and strategies, including: Cash Flow Forecasting : Businesses need to project their future cash flows based on historical data, sales forecasts,

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India far from replacing China as global growth engine: HSBC

CFO News

HSBC Holdings has stated that India's recent economic gains are unlikely to surpass China as the main growth engine of the world economy in the near future. HSBC expects the gap between the two economies to widen, reaching $17.5 trillion by 2028. The bank highlights the difference in consumption and investment trends between the two countries. Although India is expected to contribute significantly to global demand for commodities, consumption, and capital goods, it will take another 18 years for

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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What Are The 4 Components of Financial Health?

CFO Share

In the dynamic realm of startups and SMBs, understanding the pillars of financial health is paramount. These components aren’t just indicators of present stability—they forecast future success. Navigating the intricate financial waters requires a grasp on four essential pillars, each offering insights that can guide businesses toward sustainable growth.

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Travel boom, festive cheer open jobs in hospitality

CFO News

Some 70,000-80,000 jobs (a mix of permanent and temporary roles) are likely to be created as the festive pickup in demand also coincides with the Cricket World Cup, with matches being held in 10 different cities, according to an estimate by staffing company TeamLease.

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Outsourcing Payroll: The Game-Changer for New York Businesses

Capital CFO LLC

Are you tired of spending countless hours managing payroll for your New York business? Do you wish there was a way to streamline this process and free up valuable time […] The post Outsourcing Payroll: The Game-Changer for New York Businesses appeared first on Capital CFO+.

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Hospitality, BFSI, healthcare and immersive hiring for freshers saw upswing in September

CFO News

According to Naukri's JobSpeak index, hiring activity in September 2023 increased by 6% compared to the previous month, but decreased by 8.6% compared to the same period last year. The hospitality and travel sectors saw significant growth, driven by the monsoon season, festive season, and upcoming winter season.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Studying culture before negotiating: a crucial guide for investment bankers, CEOs and business owners

One to One

Written by Simón R. Barth, Partner at ONEtoONE Corporate Finance Colombia. In the world of corporate finance, investment bankers regularly find themselves engaged in an international negotiation. These negotiations often involve intricate financial dealings, mergers, and Read More. The post Studying culture before negotiating: a crucial guide for investment bankers, CEOs and business owners appeared first on ONEtoONE Corporate Finance.

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India won't impose restrictions on laptop imports: Sunil Barthwal

CFO News

Trade Secretary Sunil Barthwal on Friday said that India will not impose restrictions on laptop imports. He said the government "only wants importers to be on close watch." The remarks from Barthwal came while he was addressing a press conference.

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Ex-Trump CFO lied under oath, Forbes says

CFO Dive

The ex-finance chief perjured himself while testifying in the state of New York’s $250 million civil-fraud case against his former boss, Forbes alleged.

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RBI imposes monetary penalty on Union Bank of India, RBL Bank for non-compliance

CFO News

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, central bank said.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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10 Friday AM Reads

Barry Ritholtz

My Paraskevidekatriaphobia morning train WFH reads: • The Excitement, Danger, and Unknown of Small-Cap Investing’s Comeback : SouthernSun Asset Management has waited years for a market as promising as this one for its little-known stocks.( Institutional Investor ) • Vaults, Ducts, Kitchens: Everything Must Go When a Company Moves Out : As companies reduce their office footprint to accommodate remote work, they are turning to decommissioning teams to clear out furniture, fixtures and equipment. (

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Bajaj Finance slapped with fine worth Rs 8.50 lakh by RBI

CFO News

The fine has been imposed as the company has not complied with the RBI directions to the extent of not reporting and delay in reporting of certain frauds to RBI.

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G20 greenlights multilateral development bank reforms, crypto rules

CFO News

They also adopted a road map for the regulation of crypto assets, marking significant progress on India's G20 agenda. " The G20 finance track saw key achievements in several areas of India's presidency year," said finance minister Nirmala Sitharaman on Friday, briefing reporters on the outcome of the fourth and last G20 FMCBG meeting under India's presidency.

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India's Adani says ministry starts probe related to its Mumbai airports

CFO News

India's corporate affairs ministry is investigating the accounts of Adani Enterprises' two airports in Mumbai. The ministry has requested information and documents for the financial years 2017-18 and 2021-22. Adani, which already owns and operates seven airports, including Mumbai's Chhatrapati Shivaji Maharaj International Airport, is facing multiple investigations following allegations of offshore tax havens, stock manipulation, and overpriced coal imports.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Sebi tweaks guidelines on anti-money laundering; partners with 10% stake to come under beneficial owners

CFO News

The development comes after the government amended the Prevention of Money Laundering (Maintenance of Records) Rules or PMLA rules in September.

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Guidelines relaxed for naming IDBI Bank valuer

CFO News

ET had reported on September 7 that the government's request for proposal (RFP) to appoint an asset valuer for IDBI Bank had made it mandatory for valuers to be registered with the Insolvency and Bankruptcy Board of India (IBBI). It had also set a turnover threshold whereby the registered valuer entities should have posted annual turnover of ₹5 crore a year for three consecutive years to be eligible to apply for the assignment.

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TCS takes action against 19 people for compromising its hiring process

CFO News

On being asked what clarity has emerged in the entire bribery case, Milind Lakkad, CHRO, TCS, said, “So the investigation is concluded and we have taken action against 19 people.

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GST led to revenue growth, formalisation of economy: EAC-PM

CFO News

The Goods and Services Tax (GST) regime in India has shown positive outcomes, including revenue growth, formalization of the economy, reduced tax rates, and a more unified market, according to Bibek Debroy, chairman of the Economic Advisory Council to the Prime Minister. GST revenue collections have increased significantly since its launch in 2017, and a proposal has been made to create a GST Rate Index to track tax rate movements.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.