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CFOs No Longer Have to Compromise

Innovative technology enables CFOs to cut down on dollars and cents without sacrificing employee satisfaction or experience, says CFO.com. The role of the CFO is not what it used to be — and that doesn’t just mean it’s different. In addition to the traditional responsibilities a chief finance leader carries, CFOs are increasingly tasked with responsibilities outside a realm of ...

The Past, Present, and Future of Forensic Accounting

By Yigal M. Rechtman at CPA Journal: This article is a broad-strokes review of what forensic accountants do, how the profession has developed, and where it appears to be going. It describes the role of the forensic accountant in the abstract, as an inclusive profession that at its core bridges that gap between perception and reality. The demographic makeup and career paths of f ...

CFOS WANT NEW RECRUITS TO BE COMPLETE FINANCE PROFESSIONALS

From ACCA: “When seeking to hire newly qualified accountants, CFOs are looking for a breadth and depth of finance expertise and capabilities. In order to maximise their employability finance staff need to ensure that they are able to offer a broad range of skills and expertise throughout the finance value chain,” says Head of ACCA SA, Nadine Kater. The Association of Chartered ...

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 businesse ...

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 small organizations (with revenue under $500 mil ...

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. “This data is an example of the lasting ...

Key parts of the supply chain are being disrupted as global lockdowns stretch on...

We've already started to hear the discussion – and sometimes, jokes – about the growing scarcity of products as many parts of the globe remain shut down due to the coronavirus pandemic. You've likely read about the run on toilet paper... or how Clorox wipes, paper towels, and other cleaning supplies are sold out across the country – even on Amazon (AMZN).  One area that has m ...

CFO's secret weapon against coronavirus: Scenario planning

From CFODive: As the coronavirus pandemic began gripping the United States, Dennis McGonigle, CFO of Oaks, Pennsylvania-based SEI Investments, recalled the advice of his daughter’s field hockey coach: perfect practice makes perfect.  SEI Investments is a wealth and investment management company delivering infrastructure platforms, solutions and services to financial services c ...

Five CFOs Reflect On COVID-19’s March Madness

From Forbes: TRIAL BY FIRE Andrew Casey, CFO, WalkMe, San Francisco, CA Before joining San Francisco software developer WalkMe as CFO in early March, Andrew Casey spent nearly six years with cloud computing steady-climber ServiceNow, of Santa Clara, California, where he served as senior vice president of finance and business operations. Prior to its ServiceNow entry, Casey’s ...

4 tough questions CFOs need to ask during the COVID-19 crisis

From CFO Daily News: You’re currently bombarded by information about COVID-19, the coronavirus pandemic gripping the world right now, much of it changing hour to hour. You’re likely bombarded by questions too — from employees, customers, your CEO. But it’s critical you as CFO also ask a few key questions to make sure your business is ready to weather the uncertain times ahead. ...

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