CFO Talks

SEPTEMBER 17, 2024

Building Robust IT Systems for Financial Reporting As financial operations become increasingly complex, having the right IT infrastructure in place is no longer just a back-office necessity—it’s a strategic advantage. Automation reduces human error, which is one of the biggest risks in financial reporting.

Financial Reporting 52

Financial Reporting Auditing IFRS Compliance 52

CFO Dive

JUNE 24, 2024

The Sarbanes-Oxley Act of 2002 prompted a long-term reduction in restatements by tightening financial reporting and audit rules, CAQ said.

Auditing 264

Auditing Financial Reporting 264

CFO Dive

APRIL 5, 2024

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

GAAP 261

GAAP Financial Reporting Accounting 261

CFO Dive

NOVEMBER 3, 2023

KPMG found in a survey that 55% of executives do not expect AI to replace financial reporting jobs. But 39% of respondents disagree.

Financial Reporting 278

Financial Reporting 278

Cube Software

SEPTEMBER 10, 2024

What is automated financial reporting? Automated financial reporting uses specialized software or artificial intelligence (AI) to generate financial reports for businesses efficiently. FP&A teams rely on this software to:

Financial Reporting 52

Financial Reporting 52

CFO Dive

OCTOBER 26, 2022

The new clawback rules come amid a broader push by the SEC for more transparency and disclosures in financial reports.

Financial Reporting 264

Financial Reporting 264

CFO Dive

OCTOBER 18, 2022

Absent IRS direction, certain companies may struggle to accurately report the new tax’s financial impact in their future financial reports.

Financial Reporting 263

Financial Reporting 263

CFO Dive

OCTOBER 7, 2022

As financial report preparers are beginning to grapple with the ramifications of the new 15% corporate minimum tax, the split-off issue is emerging as a flashpoint.

Financial Reporting 264

Financial Reporting 264

CFO Dive

APRIL 24, 2023

The newly-minted CFO will concentrate on FP&A and financial reporting this year, which requires finding finance employees that have a range of skill sets.

CFO 260

CFO Finance Concentration Financial Reporting 260

CFO Dive

FEBRUARY 29, 2024

The chemicals company said it is evaluating “potential material weaknesses” in its internal control over financial reporting. Its shares plunged 35% Thursday.

CFO 226

CFO Financial Reporting 226

CFO Dive

JULY 12, 2023

The company announced it will also be restating certain financial reports. The electric vehicle maker’s new interim CFO, Jonathan Maroko, is replacing Yun Han, who resigned from the top finance role.

CFO 246

CFO Financial Reporting Finance 246

CFO Dive

AUGUST 17, 2023

The former CFO of Malvern Bancorp failed to maintain accurate books and records and implement effective internal controls over financial reporting, the SEC found.

CFO 238

CFO Banking Financial Reporting 238

CFO News

NOVEMBER 28, 2024

Uniqus is targeting key markets in India, Middle East, and US with its cloud-based financial reporting tool, Reporting UniVerse.

Financial Reporting 45

Financial Reporting Marketing 45

CFO Dive

JULY 27, 2022

Aspen’s hiring of Ernst & Young follows the resignation of KPMG after the insurer identified “material weaknesses” in internal controls related to its financial reporting.

Accounting 147

Accounting Financial Reporting 147

CFO Dive

JANUARY 22, 2024

This short video explains how accurate, reliable and transparent financial reporting keep capital markets operating effectively. Do you know how audits can enhance the investment decision-making process?

Auditing 130

Auditing Financial Reporting Investments Marketing 130

CFO Dive

MARCH 14, 2022

The auto lender miscategorized cash flows in 2021, owing to a "material weakness" in the company’s financial reporting.

Accounting 130

Accounting Financial Reporting 130

CFO News

SEPTEMBER 14, 2023

The revised accounting norms for investment portfolio, which are effective from April 1, 2024, and are in line with the global financial reporting standards, are expected to enhance the quality of banks' financial reporting, as well as improve disclosures, say experts.

Investments 112

Investments Banking Financial Reporting Accounting 112

CFO Share

MAY 22, 2024

Consistent financial reporting is critical for business management. These reports are the backbone of evaluating business performance – crucial for making informed decisions, attracting investors, and securing loans. What is a Financial Statement? Addressing these root causes can prevent future errors.

Profit and Loss 105

Profit and Loss General Ledger Accounting Financial Reporting 105

Navigator SAP

APRIL 28, 2023

On that note, enterprise resource planning (ERP) systems are essential for managing complex business operations from production and supply chain management to financial reporting and analytics. In today's fast-paced and highly competitive business environment, companies must leverage technology to stay ahead of the competition.

SAP 130

SAP Leverage Financial Reporting Planning 130

Future CFO

FEBRUARY 26, 2024

“A successful listed company is one that is well-run, has a well-defined business model that generates strong financial performance and is well-understood and trusted by the investing public. Key executives are heavily involved in tasks such as financial reporting, legal due diligence, and internal control review.

Financial Reporting 98

Financial Reporting Compliance Communication Finance 98

CFO News

NOVEMBER 6, 2023

Ajay Bhushan Pandey hopes auditors speaking up will eventually over a period of time result in an overall improvement in audit quality and more trust in financial reports of the public interest entities.

Auditing 116

Auditing Financial Reporting 116

CFO News Room

FEBRUARY 4, 2022

Tax laws allow for the modified accelerated cost recovery system (MACRS) depreciation method, while most companies use the straight-line depreciation method for financial reporting. Equity classifications typically result from the company using accelerated depreciation for tax purposes but not for financial-reporting purposes.

Profit and Loss 130

Profit and Loss Financial Reporting Accounting Sales 130

CFO News

SEPTEMBER 27, 2023

The Telangana High Court has ruled that the National Financial Reporting Authority does not have jurisdiction over audits prior to its constitution in October 2018. Legal and audit experts debate the issue.

Auditing 111

Auditing Accounting Financial Reporting 111

CFO Talks

NOVEMBER 20, 2024

For example, while South African companies follow International Financial Reporting Standards (IFRS), the US requires compliance with its Generally Accepted Accounting Principles (GAAP). IFRS is principles-based and allows for some judgment in financial reporting, while GAAP is more rigid, rules-based, and less forgiving.

IFRS 87

IFRS GAAP Currencies CFO 87

CFO News

NOVEMBER 20, 2023

Prahu brings extensive financial leadership experience, having served as CFO for Deutsche Bank in India, overseeing financial reporting, business and infrastructure finance, ALM, tax, transformation, and financial planning. His background includes prior roles with Credit Agricole CIB and Arthur Andersen.

CFO 104

CFO Banking Leadership Financial Reporting 104

Future CFO

MAY 22, 2022

Financial reporting specialist and lecturer Adam Deller explains the basic principles of IFRS 16, Leases. The post The fundamentals of IFRS 16 appeared first on FutureCFO.

IFRS 98

IFRS Financial Reporting Accounting Standards Accounting 98

CFO News

AUGUST 3, 2023

​The order came after NFRA received information from the Ministry of Corporate Affairs regarding irregularities observed by the Financial Reporting Review Board (FRRB) of Indian Institute of Chartered Accountants of India (ICAI).

Financial Reporting 98

Financial Reporting Accounting 98

CFO Share

JULY 16, 2024

In contrast, a CFO is a more strategic financial professional, focusing on long-term planning, investor relations, and overarching financial strategy. Purpose of the Role The controller ensures financial reporting compliance and accuracy while preventing and detecting fraud.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) CFO Compliance General Ledger 98

CFO News

APRIL 20, 2023

If there is no great financial reporting happening, do you think it would have been possible for India to be projected as the bright spot in terms of the economic growth you are seeing?," The whole world is looking up to India. " Aniket Talati asks.

Auditing 105

Auditing Economics Financial Reporting 105

Future CFO

FEBRUARY 27, 2024

Hence, mature ESG-compliant organisations tend to adopt integrated reporting and management platforms, that can seamlessly connect with business systems across the organisation, as well as bring in external market intelligence to drive greater efficiency, consistency, and accuracy in the financial reporting, GRC, and ESG metrics.

Leadership 98

Leadership Compliance Financial Reporting Economics 98

The Charity CFO

OCTOBER 12, 2022

Learn to See Your Financial Reports Like Your Accountant Does! Get our FREE GUIDE to nonprofit financial reports, featuring illustrations, annotations, and insights to help you better understand your organization's finances. Looking for a new accountant? Are You Ready To Outsource Your Accounting? Get the free guide!

Nonprofit 98

Nonprofit CFO Accounting Financial Reporting 98

Global Finance

DECEMBER 5, 2024

Due to our passive position in foreign currency, motivated by our current financing, an exchange loss of 130 billion pesos was recorded, Pemex announced in a financial report. Pemexs total sales were 7.7% lower than in third-quarter 2023. The company blamed a 6.8% depreciation of the Mexican peso against the dollar.

Foreign Exchange 108

Foreign Exchange Concentration Budgeting Finance 108

CFO News

AUGUST 22, 2023

The National Financial Reporting Authority (NFRA) has imposed fines totalling Rs 30 lakh on an audit firm and its partner for lapses in the audit of Burnpur Cement Ltd. The regulator has slapped a fine of Rs 25 lakh on the audit firm K Pandeya & Co and Rs 5 lakh on Manjeet Kumar Verma, a partner with the audit firm.

Auditing 98

Auditing Financial Reporting 98

CFO News

DECEMBER 20, 2023

The National Financial Reporting Authority (NFRA) on Wednesday slapped a five-year ban on an auditor for professional misconduct in the matter of S Kumars Nationwide Ltd for FY 2013-14.

Auditing 98

Auditing Financial Reporting 98

Driven Insights

AUGUST 4, 2023

As a business owner, it’s natural to be hesitant to hand over the reins of your accounting processes and financial reporting to an outsourced virtual bookkeeping firm. Reports may lack detail, but the control is comfortable and supports a steady pace.

Financial Reporting 96

Financial Reporting Accounting Finance 96

CFO News

DECEMBER 3, 2023

The National Company Law Appellate Tribunal (NCLAT) has ruled that the National Financial Reporting Authority (NFRA) has superior authority over the Institute of Chartered Accountants of India (ICAI) on disciplinary matters. The NCLAT held four auditors of DHFL guilty of multiple violations and barred them from practice for a year.

Financial Reporting 98

Financial Reporting Accounting 98

CFO Simplified

AUGUST 14, 2022

Produce stable, timely financial reports. You should be getting financial reports within 10 days of the close of the month for yourself to look at anyway. A rapid change in profitability or loss on a monthly basis looks bad because it shows that you’re not properly managing your financial reporting. .

Banking 98

Banking Profit and Loss Financial Reporting CFO 98