Month: April 2020

Gartner Survey Reveals 42% of CFOs Have No Contingency Plans for Second Wave of COVID-19

Data Also Shows Significant Caution from CFOs on Potential Reopening Plans A Gartner, Inc. survey of 99 CFOs and finance leaders taken April 14-19, 2020* revealed that 42% of CFOs are not incorporating a second wave outbreak of COVID-19 in the financial scenarios they are building for the remainder of 2020. Additional survey data showed …

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How CFOs can lead through the coronavirus crisis — and beyond

A focus on people, clear information to stakeholders and long-term value creation can lead your organization through the crisis, the head of the International Federation of Accountants said. From CFO Dive. The transformation of senior finance roles, including the CFO, is nothing new. Yet, as the COVID-19 pandemic presents society and business with the most …

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Survey: As states reopen, CFOs prioritise cost containment, safety measures

From CFO Dive: Seventy-seven percent of CFOs anticipate changing workplace safety measures upon returning to onsite work, according to the fourth installment of PwC’s COVID-19 CFO Pulse Survey, released Monday.  Of those respondents, 65% anticipate reconfiguring their work sites to allow for greater physical distancing, and 52% anticipate alternating shifts to reduce exposure.  Of the 305 …

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A case study in auditor failures

By Jim Peterson at CPA Journal: Public criticism of the accounting profession is intense. Users of financial statements are dissatisfied. Under pressure from politicians and regulators, accounting firms are hampered by structural and financial fragility. Santayana’s maxim, however, contains both a plan and a call for action. Auditors differ from other professions and businesses, whose …

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Gartner CFO Survey Reveals 74% Intend to Shift Some Employees to Remote Work Permanently

Nearly Three in Four CFOs Plan to Shift at Least 5% of Previously On-Site Employees to Permanently Remote Positions Post-COVID 19. A Gartner, Inc. survey of 317 CFOs and Finance leaders on March 30, 2020 revealed that 74% intend to move at least 5% of their previously on-site workforce to permanently remote positions post-COVID 19. …

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Gartner Says 54% of Small Organization CFOs Plan to Slow Pay Vendors to Cope With COVID-19 Impacts

Latest CFO Survey Also Reveals 84% of Small Organization CFOs Are Delaying or Negotiating Rental Payments for Coming Months A Gartner, Inc. survey of 192 CFOs and finance executives on April 6, 2020* revealed the majority of CFOs surveyed plan to slow pay vendors to preserve cash in the coming weeks. The CFO respondents from …

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