Wed.Aug 28, 2024

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Why Held-Away Asset Management Technology Is Being Scrutinized By State Regulators (And How Advisors Can Compliantly Manage Clients’ 401(k) Assets)

Nerd's Eye View

Historically, advisors haven't had many avenues to manage clients' 401(k) plan accounts, since unlike traditional custodial investment accounts, advisors generally lack discretionary trading authority in employer-sponsored retirement plans. Which wasn't necessarily a big issue back when most clients hired advisors after they had already retired and were able to roll over their employer plans into an IRA managed by the advisor; but as advisors have increasingly taken on working-age clients (and t

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Super Micro delays 10-K filing to assess internal controls

CFO Dive

The AI server maker delayed its 10-K as experts partly blame a recent spike in tardy annual reports on the accounting talent shortage and increased regulation.

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Beat your Bot: Building your moat against AI

Musings on Markets

It seems like a lifetime has passed since artificial intelligence (AI) became the market's biggest mover, but Open AI introduced the world to ChatGPT on November 30, 2022. While ChatGPT itself represented a low-tech variation of AI, it opened the door to AI not only as a business driver, but one that had the potential to change the way we work and live.

Valuation 137
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SEC charges Navy shipbuilder Austal with accounting fraud

CFO Dive

Austal understated an accounting metric known as “estimate at completion” for the construction of Littoral Combat Ships, according to SEC allegations.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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Why Regulators Are Questioning The Use Of Held-Away Asset Management Technology (And What Advisors Can Do About It)

Nerd's Eye View

Historically, advisors haven't had many avenues to manage clients' 401(k) plan accounts, since unlike traditional custodial investment accounts, advisors generally lack discretionary trading authority in employer-sponsored retirement plans. Which wasn't necessarily a big issue back when most clients hired advisors after they had already retired and were able to roll over their employer plans into an IRA managed by the advisor; but as advisors have increasingly taken on working-age clients (and t

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Navigating South Africa’s Reporting Maze: What Every CFO Needs to Know

CFO Talks

Navigating South Africa’s Reporting Maze: What Every CFO Needs to Know Navigating the complex landscape of regulatory reporting in South Africa can be daunting, especially for CFOs who bear the responsibility of ensuring compliance while also driving strategic financial decisions. The requirements are not just a matter of ticking boxes; they have significant implications for the transparency, credibility, and sustainability of an organisation.

CFO 83
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At the Money: Why Fees Matter

Barry Ritholtz

Why Fees Really Matter with Eric Balchunas , Bloomberg Intelligence (Nov 8, 2023) Fees matter more than you think. Over the long term, the difference between a few basis points can turn into real, big money. On this episode, Bloomberg Intelligence ETF analyst Eric Balchunas joins us to discuss how fees can significantly impact your portfolio. ~~~ About this week’s guest: Eric Balchunas is been an ETF Analyst for Bloomberg Intelligence.

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Assessment on AI from an auditor

Future CFO

Jeanne Boillet , EY Global Accounts Committee Assurance Lead, weighs in with her experience as an auditor, on GenAI, cybersecurity, climate risk and data. First published on Youtube. The post Assessment on AI from an auditor appeared first on FutureCFO.

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Revitalizing Bronzeville: growing resilient Black small businesses

Bank of the West

Since the 1920s, Chicago’s historic Bronzeville neighborhood has been a hub of Black culture and commerce. Today, revitalization efforts are creating opportunities for entrepreneurs and championing economic growth. Renowned for… Read more The post Revitalizing Bronzeville: growing resilient Black small businesses appeared first on About BMO.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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1,029: A Unique Advantage: When CEO Experience Informs CFO Leadership | Matt Steinfort, CFO, DigitalOcean

CFO Thought Leader

While most CFOs climb the ranks through finance-related roles, Matt Steinfort’s path ended up taking quite a significant detour—which saw him leading a company as CEO before unexpectedly stepping into its CFO role. Steinfort’s transition from CEO to CFO occurred when he was approached by Dan Caruso, a longtime mentor and successful entrepreneur.

CFO 52
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How Leading KPIs Can Help Keep Your Business On Track

Focus CFO

At FocusCFO, we are big believers in the EOS (Entrepreneurial Operating System) and have seen firsthand how it can transform businesses. Our fractional CFO services are designed to work hand-in-hand with EOS, helping clients identify and track the right metrics to drive growth and success.

CFO 52
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Staying Ahead of Changes in Accounting

CFO Selections

Executive Summary: Changes happen. Sometimes they come quickly and abundantly. Business executives rely on their Finance Teams to be in front of changes, especially when the impact is big. By proactively preparing for GAAP changes, CFOs can position their business for success. Staying informed, collaborating with experts, assessing the impact, and effectively implementing changing standards are essential to maintaining a smooth-running business operation.

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CFO and COO roles merging as finance leaders expand responsibilities

CFO News

This evolution has been accelerated by the COVID-19 pandemic, which highlighted the growing need for CFOs to take on broader strategic and operational responsibilities.

Finance 45
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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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States are also cautious on GST rate cuts: FM Sitharaman

CFO News

Finance Minister Nirmala Sitharaman remarked that states are cautious about implementing GST rate cuts, aiming to protect revenue without imposing additional burdens on people. Discussions on revising GST rates are expected to begin in the GST Council's meeting on September 9.

Finance 40
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Sebi issues notice to Religare Ent's Rashmi Saluja

CFO News

The investigation centres on trades conducted by Saluja last year on September 21 and 22, days before the Burman family's open offer for Religare Enterprises was announced on September 25, 2023.

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Gautam Adani replaces Mukesh Ambani as the richest Indian on Hurun list; Check full list here

CFO News

With a wealth of Rs 11.6 lakh crore, Gautam Adani (62) and family replaced Mukesh Ambani and clinched the no.1 spot in the 2024 Hurun India rich list. The report says India minted a new billionaire every 5 days last year.

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Blinkit seeing growth in smaller cities: Zomato CFO Akshant Goyal

CFO News

Zomato's quick commerce platform, Blinkit, is expanding into smaller cities while continuing its focus on large metropolitan areas. Quick commerce platform’s growth in FY24 was primarily on account of addition of dark stores and products, Zomato chairman said.

CFO 40
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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Bangladesh operations stabilised, people rejoin factory: Emami CFO

CFO News

The company does not see a big impact on its overall business from the Bangladesh operations.

CFO 40
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NFRA and ICAI at odds over plan to sync audits with global norms

CFO News

The National Financial Reporting Authority and the Institute of Chartered Accountants of India are at odds over proposed changes to domestic audit standards. ICAI fears the changes could concentrate audit work among large firms, impacting smaller practitioners. Meanwhile, other regulatory bodies have backed the new norms aimed at preventing corporate frauds.

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SBI should become the best banker to Indians: New chief Challa Sreenivasulu Setty

CFO News

State Bank of India chairman Challa Sreenivasulu Setty, appointed for three years, urges employees to elevate the bank into the most valued financial institution. He succeeds Dinesh Khara and aims to reinforce SBI's status as the 'Banker to Every Indian' and achieve service excellence. Under Setty's leadership, SBI aims for new milestones and strategic growth.

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Reliance Retail awards Rs 351 crore worth of ESOP to leadership team ahead of IPO

CFO News

Reliance Retail awarded ESOPs to director V Subramaniam, chief executive for grocery retail Damodar Mall, president and chief executive of fashion and lifestyle business Akhilesh Prasad, president and chief business officer of electronics retail Kaushal Nevrekar, group chief business operations Ashwin Khasgiwala and chief executive of fashion ecommerce platform Ajio Vineeth Nair.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Reliance AGM: 2 big bangs and other issues that loom over RIL AGM

CFO News

Reliance Industries' Annual General Meeting, scheduled for August 29, is highly anticipated. Investors are keen on updates regarding IPOs for Jio and retail businesses, along with announcements on the new energy sector. Key focus areas include earnings growth, operational efficiencies, and financial strategies that mark a significant transition phase for the conglomerate.

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HBD Financial Services CFO confident of IPO by September 2025, focuses on balanced profitability

CFO News

HBD Financial Services, under CFO Jaykumar Shah, is preparing for an IPO before September 2025. The HDFC Bank owned company focuses on sustainable growth and balanced profitability to attract investors.

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