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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 that that only 8% of CFOs have a se ...

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 ...

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 pressing challenges ...

6 Guidelines for CFO crisis leadership

Of the entire c-suite, CFOs are best-positioned to guide their companies through the pandemic, CFO Leadership Council President Jack McCullough says. From CFO Dive. CFOs will play a critical role in relaunching their businesses in the coming months. As the member of the executive team who is both a financial specialist and strategic thinker, CFOs will play a critical role in n ...

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 ...

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