Thu.Mar 14, 2024

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Audit committees rank cybersecurity as top priority amid SEC crackdown

CFO Dive

Cyberattacks are just one of several rapidly changing threats confronting audit committees, according to the Center for Audit Quality and Deloitte.

Auditing 317
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India's economy reflecting mid 2000 boom

CFO News

During the period from 2003 to 2007, India experienced an average GDP growth rate of approximately 8.6%, with inflation averaging at 4.8%. Here is my note based on Morgan Stanley’s report.

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Trending Sources

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Rockefeller Foundation’s new CFO: Climate crisis is a ‘big motivator’

CFO Dive

Keith Olson took the finance reins of the 111-year-old philanthropic powerhouse earlier this month. He is an alum of the Bill & Melinda Gates Foundation.

CFO 293
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Talent retention in Southeast Asia: Accountants as valuable assets

Future CFO

Talent shortage among accounting staff continues to persist in many parts of the world including Southeast Asia, with the issue being most felt by small accounting firms that struggle to compete with the big accounting firms: KPMG , PwC , Ernst & Young , and Deloitte. A Gartner survey of finance function employees revealed that 84% of finance employees asked have less engagement and less interest in going above and beyond than their peers and other functions.

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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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Ex-Trulieve CFO sued over alleged scheme to ‘raid’ corporate coffers

CFO Dive

The former CFO is accused of misappropriating hundreds of thousands of dollars for personal expenses, all under the pretense of business-related costs.

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More Trending

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Visa teams with SAP’s Taulia on embedded payments

CFO Dive

The card network giant wants to simplify payment processes for CFOs, accounts payable staff and procurement professionals, via the new tie.

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Regulatory competition concerning capital markets between the EU and the UK

Corporate Finance Lab

In response to the recent changes to the UK Listing Rules and the proposed EU Listing Act, we are pleased to invite you to our hybrid seminar on regulatory competition concerning capital markets between the EU and the UK. The seminar will take place on Thursday 28 March 2024 from 10h to 12h GMT , 11h to 13h CET. The in-person event will take place in the Law Faculty of the University of Cambridge, room G24.

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Popeyes parent names new CFO in leadership shakeup

CFO Dive

The company named Sami Siddiqui as its CFO while Jeff Klein will fill Siddiqui’s previous role as president of Popeyes U.S.

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Beyond the Basics: 7 Key Focus Areas for New CFOs

CFO Talks

Beyond the Basics: 7 Key Focus Areas for New CFOs 1. Introduction to the Evolving Role of the CFO In our previous discussion, we outlined the critical first steps a newly appointed CFO should take to establish a solid foundation within their organization. We emphasized the importance of communication, setting priorities, and the initial avoidance of hasty decisions.

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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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Not keen to dilute any more of remaining 25.51% stake in ITC: BAT CEO

CFO News

“ITC is transforming itself, making a number of investments and divesting the hotel business which we supported. We want to have a say in those decisions. We are very happy to keep our shareholding on that level,” Marroco said. He was talking at the UBS Global Consumer and Retail Conference early hours of Thursday.

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Why I joined Cube: A note from Chief Product & Technology Officer, Suresh Bala

Cube Software

Learn why Suresh Bala decided to leave Workday and join Cube as their Chief Product & Technology Officer.

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Electoral bond data: Future Gaming and Megha Engineering top donors to political parties

CFO News

The data release provides details of electoral bonds worth over Rs 12,000 crore. The information was provided by State Bank of India (SBI), the sole seller of the bonds, and published by the ECI.

Banking 52
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The Mentoring Round | Matt Wolf, CFO, DRINKS

CFO Thought Leader

Inside The Mentoring Round, CFO Matt Wolf highlights his broad perspective, gained from a background in data analytics and software, which enables him to understand and support various organizational functions beyond finance. By minimizing surprises through transparency and openness, Wolf believes this can be a strategic advantage, reducing the need to be reactive and allowing for proactive management. 982: Blending Alcohol and E-commerce | Matt Wolf, CFO, DRINKS The post The Mentoring Round | M

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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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Cos under recast get more time to file modified income returns

CFO News

CBDT allows companies in business reorganisation to file modified returns by June 30, offering relief amidst Finance Bill 2022 implications. The decision aims to ease compliance burdens, promote tax transparency, and reduce court interventions for affected entities.

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A Practical Guide for the New CFO

CFO Talks

The initial period of a new CFO’s tenure is pivotal for setting the groundwork for future success. In this critical time, a CFO must swiftly grasp the unique challenges and opportunities of the organization and start working on the new CFO responsibilities and strategies. Collaboration with other departments, such as legal and human resources, is essential to tackle the myriad of challenges and opportunities that emerge.

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Daimler India Commercial Vehicles appoints Alexander Schoen as CFO

CFO News

Schoen replaces Manish Thakore, who has moved to Daimler Truck Financial Services North America as Director of Special Projects, according to a statement.

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Vedanta to appeal against Sebi order, says Cairn gave up right to interest

CFO News

"Vedanta Ltd will appeal the Sebi order before the appropriate forum," the firm said in a statement.

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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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Sebi board to consider allowing employees to donate on social stock exchange: Buch

CFO News

"We are actually going to the Sebi board tomorrow to take permission for Sebi staff to be able to buy zero-coupon, zero-principal bonds because we are not permitted to buy securities," she said, adding she is hopeful of the proposal going through.

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Cyberattack is top concern for businesses in India: Aon Survey

CFO News

Companies that participated in Aon’s 2023 Global Risk Management Survey listed business interruptions and failure to attract or retain top talent as the other top concerns

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ET Explainer: The RBI's liquidity stance and its effect

CFO News

The Reserve Bank of India's liquidity stance is not convincing experts. It follows a corridor liquidity management system with repo rate as the ceiling and reverse repo rate as the floor. Factors causing tight liquidity include withdrawal of accommodative stance, credit growth surpassing deposit growth, fund constraints, slower government spending, and Ukraine war impacting forex reserves.

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Fitch revises India FY24, FY25 GDP forecast upwards, expects economy to continue 'strong expansion'

CFO News

Fitch Ratings revised India's GDP growth forecast upwards for FY24 to 7.8% and for FY25 to 7.0%, citing strong economic expansion driven by domestic demand, particularly investment. Meanwhile, it downgraded China's 2024 forecast to 4.5%, attributing it to property sector challenges and deflationary pressures, despite increased fiscal support.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Cybersecurity, tech skills key in India Inc's checklist for independent directors: Survey

CFO News

Domain expertise in digital, tech, cybersecurity, and risk is crucial for non-executive independent directors. The India Board Report 2023-24 highlights the importance of corporate reputation, stakeholder trust, and ESG implementation. Gender diversity in boards is increasing, and independent directors play a vital role in corporate governance.

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Helping Indian electric mass mobility dreams come true

CFO News

India's Decade: GreenCell Mobility and Standard Chartered pioneer sustainable e-mobility with the first Project Finance Green Loan, driving India's ambitious renewable energy and net-zero emissions goals.

Finance 52
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India's WPI inflation eases to four-month low of 0.20 per cent in February

CFO News

The sequential WPI rate for February grew 0.07 per cent against a contraction of (-)0.33 per cent in the month before. "Positive rate of inflation in February, 2024 is primarily due to increase in prices of food articles, crude petroleum & natural gas, electricity, machinery & equipment and motor vehicles, trailers & semi-trailers etc," the release said.

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Unicorns to add $1 trn to economy by 2030, generate 50 mn jobs: CII study

CFO News

A report anticipates new unicorns contributing USD 1 trillion to India's economy by 2030, generating 50 million jobs. The startup ecosystem, led by over 100 unicorns, is expected to drive significant growth across various sectors, impacting GDP and employment positively.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.