Thu.Oct 03, 2024

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Generative AI hits 28% usage rate, spreads throughout US workplace: NBER

CFO Dive

By March generative AI’s most common tools had been accessed more than 3 billion times by hundreds of millions of users every month.

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Identifying Types of Fraud in Organisations

CFO Talks

Identifying Types of Fraud in Organisations Fraud can strike any organisation, regardless of size or industry, and its impacts can be severe ranging from financial losses to reputational damage. For CFOs, identifying and mitigating fraud is crucial to safeguarding the organisation’s assets and maintaining stakeholder trust. This article provides an in-depth look at the common types of fraud in organisations, how to spot them, and actionable tips on prevention. 1.

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AICPA, NASBA draft new CPA rules for states to model

CFO Dive

The proposed update to the Uniform Accountancy Act is a key step toward opening a path to CPA licensure that requires fewer college credits.

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Outdated SA 600 poses risk of future corporate scandals; urgent reform must says NFRA's R. Narayanaswamy

CFO News

In an exclusive interview with ETCFO, R. Narayanaswamy, part-time member of NFRA, discusses the legal framework for auditing standards, challenges to NFRA’s authority, the power dynamics between NFRA and ICAI, and the need for accountability in financial reporting.

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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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OpenAI boosts valuation with $6.6B funding round

CFO Dive

The move comes amid speculation that OpenAI may be considering an initial public offering and as its CFO has been actively touting the company’s strategy.

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Harvard Endowment Underperformance, part MMXXIV

Barry Ritholtz

I used to spill a lot of ink about how terrible the Harvard Endowment was, especially their heavy overweight in Hedge Funds. I stopped not because they got any better, but simply due to the annual performance disaster was boring to keep writing about. Worse still, this was a self-inflicted wound, caused by irate alumni upset at how much the Harvard Management Company (aka The Endowment) was paying their outperforming staff: “Let’s start with Dr.

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CFOs' building blocks for sustainability reporting success

Future CFO

As CFOs are faced with the critical role in crafting a clear sustainability reporting plan that not only meets compliance requirements but also drives value, it is essential for finance leaders to fully understand the main areas where their organisations need to focus. According to a Deloitte report, organisations must look into various areas including people, processes, and data to evolve their reporting capability.

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Cost Management: Three Ways to Nearshore Labor

CFO Share

As the US trade war with China enters its 7th year, hundreds of businesses are looking to nearshore labor as a growth solution. Nearshoring is an attractive strategy for businesses looking to optimize costs while maintaining quality. Hiring in low-cost countries near the United States offers the expense reduction of offshoring with fewer logistical challenges from time zones and cultural differences.

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BMO experts: what a changing interest rate environment means for you 

Bank of the West

On September 18, the U.S. Federal Reserve announced its first interest rate cut in more than four years, following a historic period of rising rates to target inflation. You might… Read more The post BMO experts: what a changing interest rate environment means for you appeared first on About BMO.

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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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Kitces & Carl Ep 148: Making It Easier To Get Started By NOT Building In Public And Focusing On Version 0 Instead

Nerd's Eye View

"Building in public" is a common piece of advice for tackling new challenges – whether launching content, starting a business, or setting personal or professional goals – as public commitment fosters accountability and motivation, tapping into the human desire to avoid embarrassment. While this approach can be effective, it ultimately poses its own difficulties; for example, when stakes are public, advisors may feel pressured to endlessly perfect their offerings and over-commit their

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India’s Services PMI falls to 57.7, slowest expansion since November 2023

CFO News

In September, India's Services PMI fell to 57.7 from 60.9 in August, marking the slowest growth since November 2023 (56.9). Export demand weakened, with growth at its lowest pace in 2024. Input cost inflation rose, while the increase in selling prices slowed to a two-and-a-half-year low. Despite these pressures, domestic demand remained robust, and employment continued to rise.

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The Power of Platform Growth: CFO Sandeep Aujla’s Formula for Intuit’s Expansion

CFO Thought Leader

Growth Imperatives in Focus : Inside the mentoring Round CFO Sandeep Aujla of Intuit shares key strategies for platform growth—customer expansion, breakthrough adoption, and a “better together” approach. It’s all about delivering more value across the platform, Aujla explains. 1,016: When Career Years Are Investment Years | Sandeep Aujla, CFO, Intuit The post The Power of Platform Growth: CFO Sandeep Aujla’s Formula for Intuit’s Expansion appeared first on CFO THOUGHT LEA

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Indian economy amid the Israel-Iran war

CFO News

Iran, as a key OPEC member and a major player in the global oil market, holds substantial sway over oil prices. The deepening Israel-Iran conflict is set to heighten geopolitical tensions, further unsettling economies worldwide, including India.

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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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There will be no change in policy on multi-brand retailing: Piyush Goyal in US

CFO News

Union Minister Piyush Goyal emphasized that India will not permit multi-brand retail, as it would harm local mom-and-pop stores. He underscored India's openness to other economic reforms, allowing full foreign ownership in sectors like defense and space, with some safeguards to prevent money laundering.

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FIIs withdraw Rs 32,000 crore but India has Rs 2 lakh crore war chest to save Nifty from Israel war

CFO News

In just 4 trading sessions, Sensex dropped over 3,300 points as FIIs pulled out nearly Rs 32,000 crore from D-Street. China's market appeal and growing fears over the Iran-Israel conflict have spooked global investors. With concerns over high valuations as retail investors remain confident across price points, there is rising uncertainty about a potential market crash during the festive season.

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India to take five years to almost achieve an income feat that earlier took 75 years: Nirmala Sitharaman

CFO News

Finance Minister Nirmala Sitharaman stated that India's per capita income is projected to increase by $2000 in the next five years. She highlighted the young demographic, which drives consumption growth, and noted the maturity in India's innovation and financial sectors as catalysts for future economic growth.

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CK Birla Healthcare eyes $150 million fundraise via stake sale

CFO News

CK Birla Healthcare, part of the CK Birla Group, aims to raise around $150 million by selling a minority stake. Funds will be used for expansion and debt reduction. The healthcare arm, featuring multiple hospitals and IVF centers, recorded a 34% revenue growth in FY24.

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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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PwC India ties up with Meta for GenAI solutions

CFO News

The collaboration aims to drive the widespread use of Generative AI (GenAI) in both enterprise and public services, positioning India as a leader in digital innovation.

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Office space transactions mark a record in Q3 2024 highest since Q1 2018: Knight Frank

CFO News

This represents an 18 per cent year-on-year (YoY) increase from 16.1 mn sq ft in Q3 2023. The report highlights a strong year-to-date performance, with 53.7 mn sq ft of leasing recorded in the first nine months of 2024--27 per cent higher than the same period last year.

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GST Rate Cut: Tax on several mass-use products may be reduced

CFO News

A ministerial panel on GST is considering reducing rates on essential items like medicines and tractors to 5%. Health and term insurance may also see lower rates. The panel, led by Bihar deputy CM Samrat Chaudhary, will finalize these decisions soon. Revenue implications and the number of slabs are key considerations.

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We must make the law on fiscal targets more biting, says ex-RBI governor C Rangarajan

CFO News

C Rangarajan emphasizes the need for stricter fiscal laws to manage deficits and debt, and highlights the importance of boosting investments and improving capital efficiency. He advocates for higher infrastructure investments and better banking practices to support India's economic growth beyond the middle-income threshold.

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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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GIFT Nifty down 105 points; here's the trading setup for today's session

CFO News

Immediate support is seen at 25,000, followed by 24,750, while 25,500 is expected to act as the immediate resistance. Traders should closely monitor these key levels, as a break below support could trigger further downside, while resistance at 25,500 may cap any short-term recovery attempts, said Hardik Matalia of Choice Broking.

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Iran-Israel conflict may work in favour of Indian diamond exporters, says Vipul Shah, chairman Gem & Jewellery Export Promotion Council

CFO News

The ongoing Iran-Israel conflict is expected to benefit India's exports of cut and polished diamonds due to a decrease in Israeli shipments. However, rising oil prices may harm the global economy, potentially affecting demand. India's diamond exports were down 20% in the initial months of fiscal 2025.

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AI helping companies make more money, adding up to 20% to profits: report

CFO News

Generative AI is the prime mover of the current wave of technological change and companies leveraging on AI can make remarkable profits up to 20%.

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NFRA emphasises statutory auditors' obligations in group audits amid audit failures

CFO News

NFRA said it has observed gross negligence and audit failure in audits of group financial statements.

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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.