Skip to the content

Auditors show resilience during pandemic, CAQ’s Lindsay says

From the Journal of Accountancy: Public company auditors have responded quickly and effectively to the coronavirus pandemic to help preserve the public’s critically important confidence in capital markets. That’s the conclusion drawn by Center for Audit Quality (CAQ) Executive Director Julie Bell Lindsay, who said in a telephone interview that auditors have used technology and ...

Storytelling in Finance: Give Life to Your Company’s Numbers

From CFO Daily News:  Is your financial statement template so dense that even you have trouble reading it through without going cross-eyed? Do you find that when you present your findings to stakeholders that there’s dead air, and no one is engaged or asking questions? We speak the language of numbers – but not every stakeholder does. And even those of us who wrangle numbers ...

New US regulations for loan rollovers

From the Journal of Accountancy: In REG-116475-19, the IRS addressed the amendments to Sec. 401(c) by Section 13613 of the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, which provides an extended rollover period for a qualified plan loan offset. Sec. 72(p)(1) provides that if, during any tax year, a participant or beneficiary receives (directly or indirectly) any ...

This is a time for personal growth for finance executives

Recent times have exacerbated an essential truth: The only constant is change. For most of us, our normal environments and modes of operation have been completely upended — personally and professionally, says Steven K. Howell from Journal of Accountancy. A highly infectious virus quickly spread across the world, and we still have difficulty drawing managerial conclusions; it h ...

Is COVID-19 a Triggering Event for Impairment Testing?

From Cfo.com: The longest-running bull market since World War II began in March 2009, and over the past few years, many debated “when, not if,” a downturn would occur. But no one could have predicted that a global pandemic would lead to unprecedented disruption and dislocation in the capital markets and the quickest end to a bull market in history. As of March 23, the S&P ...

Audit and Financial Reporting: New Skills, New Challenges

From FEI: New technologies are rapidly transforming the finance function as many manual tasks are automated and digital resources can be used to analyze an overwhelming flood of data. Whether it is robotic process automation (RPA), blockchain or artificial intelligence (AI), senior-level financial leaders are beginning an important transformation of their profession through tec ...

Buffett rebuffed over FASB rules on unrealized gains and losses

From Cfo.com: Warren Buffett was unequivocal in his criticism of the Financial Accounting Standards Board’s ASU 2016-01 — the new accounting for equity securities passed in 2016 and implemented in 2018. In his 2017 letter to shareholders, Buffet noted: “The new rule says that the net change in unrealized investment gains and losses in stocks we hold must be included in all net ...

How to Respond When Your Banker Requests a Visit

Borrowers should not be surprised when their lender requests a “checkup,” financial review, or audit, says Kenneth A. Rosen. Lenders are nervous. Despite long-term institutional relationships with customers, many banks are seeking to reduce financial exposure to borrowers because of uncertainty in the current economic environment. This has been especially so with vendors to th ...

The CFO’s evolving role in driving digitalisation

Nine out of 10 senior financial decision-makers play a role in their organisation’s digital strategy, with 15% being fully responsible for digital transformation Nearly half of businesses said COVID-19 increased demand for their services, and 78% reported revenue growth in recent months AI holds no fear for senior financial decision-makers: over two-thirds are not at all conc ...

Gartner Says Most CFOs Do Not Drive Returns That Exceed the Cost of Capital

CFOs Should Avoid Peer Pressure and Build Cost Strategy Around Differentiating Factors, Not Competitive Trends, says Gartner. Only a third of firms drive returns greater than the cost of capital, according to a Gartner analysis of cost structure models. For those organizations built around factors such as unique competitive differentiators they drove a 6% greater return on ret ...

Get interviewed

Share your story

Join our interview line-up today. We'll see if you qualify for an interview.