Thu.Nov 09, 2023

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Deloitte brings GenAI to internal audit, accounting professionals with new bot

CFO Dive

GenAI isn’t likely to replace accountants any time soon — but firms like Deloitte are already integrating it into their accounting and audit practices.

Auditing 306
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Medicare costs for 2024 are rising faster than U.S. inflation

Tips Watch

Part B costs, deductibles and IRMAA surcharges will increase about 6% next year. By David Enna, Tipswatch.com Less than a month ago, U.S. retirees collecting Social Security learned their benefits will be increasing 3.2% beginning in January.

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Trending Sources

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Powell says Fed’s inflation fight ‘has a long way to go’

CFO Dive

The Fed needs to see more signs of easing price pressures before declaring an end to monetary tightening, central bank officials said.

Banking 288
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Mamaearth’s parent company to focus on growth, efficiency, and improving predictability post listing: CFO

CFO News

Every year almost more than 40 per cent of incremental growth for our businesses come from innovation, says Ramanpreet Sohi, CFO of the recently listed beauty and personal care company Honasa Consumer.

CFO 59
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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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AppLovin’s FP&A leader to replace CFO

CFO Dive

The current finance chief is stepping down to explore new career opportunities while remaining on the company’s board.

CFO 276

More Trending

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Dabur's Burmans seek probe into Religare share sale by chairperson

CFO News

In an email sent to Sebi and bourses on November 8 that has been reviewed by ET, four entities - MB Finmart, Puran Associates, VIC Enterprises and Milky Investment and Trading Co - that collectively hold 21.24% in Religare said Sal chairperson Rashmi Saluja sold a portion of her personal holdings in the firm soon after a meeting with a representative of the Burmans.

Sales 52
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Evolve and grow with cloud

Future CFO

The ongoing march of change has repeatedly validated the business benefits realized through the efficacy and responsiveness of a cloud-based ERP solution. It’s clearer than ever that cloud adoption has advantages for bringing finance, HR, and IT applications together—from stronger, data-driven insights to operational efficiencies and agility to better cost control.

Finance 52
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Corporate affairs ministry may widen probe into the books of MG Motor India

CFO News

The Ministry of Corporate Affairs (MCA) is considering expanding its investigation into MG Motor India's financial records, following Registrar of Companies' findings from a 2022 case. Separately, MCA might also scrutinize smartphone maker Vivo's books due to allegations of money laundering by the Enforcement Directorate (ED). MG Motor India denied recent queries from MCA and emphasized compliance, while Vivo did not respond to inquiries.

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The increasing focus of medtech companies on ESG initiatives

Future CFO

Chief financial officers and financial leaders are seen and considered as one of the drivers for their organisations' environmental, social, and governance (ESG) initiatives. With this in mind, financial leaders must take into consideration the current market and organisational trends across various industries to maximise their financial planning and analyses, thereby benefiting the company as a whole.

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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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Retail play in listed companies hits a new high

CFO News

Retail investors - classified as individuals with less than shareholding worth ₹2 lakh in a company - made purchases worth ₹7,596 crore in July-September, according to Prime Database, amid the record-breaking run in the stock market

Retail 52
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How a good cybersecurity plan can save money and time

Future CFO

With the advancements in technology coming in left and right, cyber risks are constantly looming over the head of financial leaders. As they say, prevention is better than cure, so to navigate around the risks posed by cyber threats, spanning from data breaches to ransomware attacks, financial leaders must take the initiative to build on a good cybersecurity plan--not only to counter possible problems and protect the organisation's assets, but to save money and time in the long run.

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Adani Enterprises aims big on data centers with $1.5 billion capex planned

CFO News

Adani Enterprises is planning to build nine data centers and targeting a total capacity of 1 gigawatt by 2030. This will provide infrastructure for the booming digital services demand in the nation of 1.4 billion people that’s already luring the biggest global firms such as Amazon.com Inc and Google.

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China’s economic growth: IMF raises GDP forecast 

Future CFO

China’s economic growth is estimated to hit 5.4% in 2023 said IMF recently. The fund raised its forecast for China’s economic growth after the country’s better-than-expected Q3 growth and Beijing’s move to approve a 1 trillion yuan (US$137 billion) sovereign bond issue and allow local governments to frontload part of their 2024 bond quotas. But the IMF expects gr owth —dragged down by the weak property market and subdued external demand—to slow to 4.6% next year.

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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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Insurers hike premiums for public infra assets by up to 25% in aftermath of Sikkim cloudburst

CFO News

State-owned hydel unit Sikkim Urja lodged an insurance claim of ₹500 crore after unseasonal rains early in October caused the banks of the glacial South Lhonak Lake to breach, with a wall of water battering public infrastructure assets and drowning homes across a large swathe of urban Sikkim and the hilly reaches of West Bengal.

Banking 52
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AI's potential in financial services

Future CFO

Technological advances continues to evolve across all sectors and artificial intelligence is among these advancements. With this, financial leaders, particularly in the financial services industry, look for ways to harness the technology to be able to offer the best possible products and services to their clients. The quality of an AI solution depends on the data that feeds into it, said Peter Ekler , head of future technology at IT services and consulting firm Zenitech.

Banking 52
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Government may clear 10 PLI sops bid from IT hardware companies

CFO News

In August, the government had said that it had received proposals from 40 companies with expected incremental investments of Rs 5,010 crore. This was towards additional production worth Rs 4.65 lakh crore over six years, including exports of Rs 28,288 crore during the period.

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10 Thursday AM Reads

Barry Ritholtz

My morning train reads: • Turning Empty Offices Into Apartments Is Getting Even Harder : Only 3,575 apartment units were converted from office space last year. The already fraught process now faces even more challenges. ( Wall Street Journal ) • The problem isn’t inflation. It’s prices. What goes up may not come down. Like, ever. ( Vox ) see also Right Now Is a Bad Time to Spend Money : With prices and interest rates high, this is a moment to focus on saving. ( Wall Street Journal ) • How to Be

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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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Amid concerns over delinquencies, public sector banks assure govt 'small loans not a systemic risk '

CFO News

An official said that the government has asked lenders to watch for any signs of incipient stress. "Almost all PSBs (public sector banks) have stated that in this segment there has been no spike in delinquencies and most borrowers have credit scores of 700 and above," he said, underscoring the stable asset quality of these loan accounts.

Banking 52
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The Post Lock-Down Economy

Barry Ritholtz

Today, Jerome Powell is making the opening remarks at the 24th Jacques Polak Annual Research Conference in DC. I’ll be on Bloomberg Radio today 3:00 pm-6:00 pm, and it’s the first topic we will address. I wanted to gather a few thoughts and recent discussions together in preparation for that. These are what is driving my thoughts on Jerome Powell & Co and the risks future FOMC action present. 1.

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Companies rush for cyber insurance on data laws, digitisation

CFO News

Cyber Insurance: Generally higher claims and lack of strong IT systems for SMEs is causing insurers to be wary about offering these products actively.

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From Russia with love: Corporate bonds may get Vostro funds to boost trade settlement in rupee

CFO News

Earlier this year, Russian officials said that Moscow had accumulated billions of rupees in Indian banks that couldn't be used. Industry estimates peg this amount at $7-8 billion. Until July 2, the RBI had approved 34 applications from different Russian banks for opening SRVAs in 14 Indian commercial lenders.

Banking 52
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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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Tata Electronics acquires 100% stake in Wistron India

CFO News

The Tata Group has signed an agreement with SMS InfoComm (Singapore) and Wistron Hong Kong Limited to acquire full stake (100 per cent) equity stake in Wistron Infocomm Manufacturing (India), enabling the Tata Group to officially join the Apple supply chain as an iPhone assembler.

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Byju’s lenders win fight over loan default, control of unit

CFO News

Lenders have been pushing hard for the repayment of the $1.2 billion loan amid the company’s mounting distress after a pandemic-era boom in online learning fizzled out. Byju’s had been working to sell assets and deal with the loan issue when government investigators searched company offices this year.

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