Fri.Apr 05, 2024

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Deploying AI in accounting poses 12 audit risks: CAQ study

CFO Dive

CFOs see the value of generative artificial intelligence but may not fully grasp its audit risks, according to the Center for Audit Quality.

Auditing 325
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Weekend Reading For Financial Planners (April 6-7)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that customer arbitration claims related to the SEC's Regulation Best Interest (Reg BI) nearly doubled between 2022 and 2023, suggesting that greater awareness among investors of the increased standards for broker-dealers and their registered representatives could lead to greater accountability for violations of the regulation.

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Trending Sources

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FASB to borrow from international rules for government grants

CFO Dive

Many businesses and financial report preparers already rely on the IAS government grant accounting rules because GAAP is silent on the subject.

GAAP 258
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India a bright spot in the Asia-Pacific region in 2023: UN’s Economic and Social Survey of Asia and the Pacific 2024

CFO News

According to the Survey, released on Thursday, India’s performance in 2023 has been helped by its lack of external exposure, both to the developed world and to China. Instead, the growth drivers for the country are primarily domestic, it said.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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MiB: Ed Hyman on Using Economic Data Opportunistically

Barry Ritholtz

This week, we speak with Ed Hyman, founder and chairman of Evercore ISI International Ltd. and vice chairman of Evercore Inc. He heads Evercore ISI’s economic research team. During his career, Hyman has been ranked as #1 in economics an unprecedented 43 consecutive times by Institutional Investor’s poll of investors. He explains the genesis of the broad and deep industry surveys ISI performs; the results provide a real-time snapshot of the economy weeks or months before it shows up in the

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An interactive exhibition that will empower you to take climate action – every day 

Bank of the West

At BMO, our Climate Ambition is to be our clients’ lead partner in the transition to net zero world. We’re focused on solutions– and empowering our clients to take action. … Read more The post An interactive exhibition that will empower you to take climate action – every day appeared first on About BMO.

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A CFO Helps Cardinal Health Find Its Value-Creation Groove

CFO Thought Leader

This story originally appeared on Forbes.com Back in August 2022, when Cardinal Health, Inc.’s finance chief, Jason Hollar, succeeded CEO Mike Kaufmann as the healthcare giant’s top executive, among the immediate challenges facing new CEO Hollar was filling the company’s CFO vacancy. At the time, an activist investor with an eye toward management change had put in motion a strategic review of the company’s businesses, and certain members of the analyst community were speculating that the former

CFO 52
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Ricardo Constructions raises Rs 505 crore debt from Asia Pragati

CFO News

Ricardo Constructions, a wholly-owned company of the SP Group engaged in the construction of residential apartments, raised the bonds from Asia Pragati Strategic Investment Fund, managed by PAG, a global alternative investment firm.

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ONEtoONE has advised Biotulin in the sale of its assets to Lorience Paris

One to One

ONEtoONE advises Biotulin in the sale of its assets, including its brand, stock and molds, to Lorience Paris, a transaction in the cosmetics sector. Biotulin: Innovating cosmetics and skincare Biotulin is an international cosmetics and skincare Read More. The post ONEtoONE has advised Biotulin in the sale of its assets to Lorience Paris appeared first on ONEtoONE Corporate Finance.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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Noventiq appoints Jerry Letter as chief financial officer and head of corporate development

CFO News

Jerry Letter appointed Noventiq CFO, focuses on growth strategy, transformation program, financial strategy, U.S. public listing, global growth, and innovation. Burak Ozer leads regional finance. Noventiq aims for long-term profitable growth and value for shareholders.

CFO 40
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NY AG prods for missing email relating to ex-Trump CFO’s perjury plea

CFO Dive

Allen Weisselberg’s testimony surrounding the triplex was central to the charges of perjury levied against the former CFO, who is set to begin a five-month jail sentence on April 10.

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India removes export restrictions on rice, onions, sugar, 6 others to Maldives

CFO News

India has lifted export restrictions on nine products, including potatoes, onions, rice, wheat flour, and sugar, to the Maldives for the current fiscal year. This move, under a bilateral trade agreement, exempts these exports from any existing or future restrictions/prohibitions. The specified quantities allowed include items like potatoes, onions, rice, wheat flour, sugar, dal, stone aggregate, and river sand.

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RBI directs banks and finance companies to prioritise governance, adhere to rules

CFO News

Speaking to the media after announcing the policy, the governor also said that financial stability is a joint responsibility of the regulator and the regulated entity. "We supervise all major entities. Wherever we see a problem, we first engage with the entity to see that corrective actions are taken. Where we see that the problems are huge or persistent only then we act," the Governor said.

Finance 40
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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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SC to club 27 eGaming GST cases for hearing

CFO News

Supreme Court takes over 27 petitions on 28% GST for online gaming. The case to be heard in May, impacting companies with retrospective taxes. The show-cause notices were sent out subsequent to the government's clarification that as of October 1, 2023, all online games incorporating betting and gambling, regardless of skill or chance, would incur a 28% GST charge based on the total face value of the bets.

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8% growth projection for India not ours: IMF

CFO News

The IMF is set to update its World Economic Outlook soon. "But our growth projections as of January were for medium term growth of 6.5 per cent, and that was a slight upward revision relative to October," said Kozack.

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Cognizant defers annual hikes to employees

CFO News

Cognizant Salary: IT major Cognizant said a majority of its associates have seen four merit increases within three years, with the last cycle being April 1, 2023.

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Zee Ent's Punit Goenka proposes lean organization structure; initiates rationalization of workforce by 15%

CFO News

Punit Goenka proposed a lean management structure for Zee Entertainment Enterprises, focusing on speed and agility. He also initiated a 15% workforce rationalization process to prune staff strength and create a streamlined team focused on future goals.

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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

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Royal Bank of Canada fires CFO over undisclosed relationship

CFO News

Katherine Gibson appointed interim Chief Financial Officer at Royal Bank of Canada following Nadine Ahn's departure due to code of conduct breach. No financial misconduct detected after investigation.

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India Inc bats for IPL to boost team bonding; cos hold match screenings, quiz games to create inclusive work culture

CFO News

India's IPL fervour has led to organizations like Milagrow, Manipal Hospitals, Olyv, Lendbox, and Revfin bringing the tournament's excitement to the workplace. These initiatives aim to boost team morale, nurture employees' interests beyond work, and create an inclusive work culture. HR heads at Per Annum and Lendbox, Noise, Urban Company, Dream11, Olyv, and Lendbox are organizing match screenings in offices.

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NCLAT reserves order on plea challenging Dream 11 insolvency

CFO News

NCLAT reserved judgment on Bhavit Sheth's plea against Sporta Technologies. RP argued 10A applies to default, not debt claim ability. Default for Section 9 application is 10 days post demand notice.