CFO News

By Jose Jaime Diaz Gonzalez de la Campa. Member of IMEF’s Board and Independent Consultant. Republished from IAFEI June 2020 Quarterly bulletin. Mexico has been hit like everyone else by the pandemic. This is not the topic of this article. I will only focus on mentioning that situations not foreseen and not controlled by anyone …

What Mexico will give to the world after COVID-19: a better understanding of trade dynamics Read More »

Issued by the CFE Fiscal Committee. Republished from IAFEI Quarterly bulletin June 2020. CFE welcomes the Commission’s intention to expand and improve the mechanisms available to member states to resolve double taxation disputes with the introduction of Council Directive No. 2017/1852 of 10 October 2017 on tax dispute resolution mechanisms in the European Union. CFE …

New proposals for double taxation agreements in EU Read More »

From Forbes: New research finds that audit firms are co-defendants in only 20% of lawsuits alleging financial misreporting, according to a study forthcoming in Contemporary Accounting Research. Company management is responsible for preparing financial statements for investors and other external parties. Auditors are responsible for auditing those financial statements to detect material misstatements due to error …

4 Surprising Facts About Financial Misreporting Lawsuits Read More »

By Pieter Bensch, Executive Vice-President, Africa & Middle East at Sage As COVID-19 continues to challenge and disrupt the business landscape, CFOs are stepping up and playing a bigger role in digital transformation. In fact, many of them are driving the digital strategy within their businesses – and we have new insights into how they’re achieving …

Research reveals a radically different, COVID-influenced CFO role Read More »

Mike Powell left audit profession in 2002, and ventured into corporate world at JSE-listed tech company BCX for 18 years. He spent most of that time “trying not to do accounting.” “My idea was always to move out of finance. I wanted to get back into small business because I wanted to work with entrepreneurs.” …

The rise of the virtual CFO Read More »

By Joon Chong, Partner & Karen Miller, Consultant at Webber Wentzel The unusual business conditions of the Covid-19 outbreak will require a more flexible approach from tax authorities when analysing transfer pricing in the 2020 year of assessment The Covid-19 outbreak in late 2019 / early 2020 has impacted the way we live daily and …

Life in a remote world – tax enforcement in transfer pricing Read More »

The Q2 Deloitte Signals Survey found that 585 of CFOs see the North American economy rebounding a year from now. As the pandemic continues to cause global economic disparity, experts scramble to forecast economic recovery. While no one can predict with precision what lies ahead for the economy, CFOs’ expectations and actions can be a helpful barometer. On a recent Resilient Podcast episode, Mike Kearney, Deloitte Risk & Financial Advisory CMO, and I discussed CFOs’ expectations for …

CFOs expect an economic rebound a year from now Read More »

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 …

Auditors show resilience during pandemic, CAQ’s Lindsay says Read More »

From WSJ: As many boards acquire greater responsibility for risk oversight, the task of selecting CFOs and planning for their succession is gaining more attention in the boardroom. Bryan Proctor, head of the Financial Officer Center of Expertise at Korn Ferry, discusses the market and boardroom dynamics driving greater board involvement in the CFO hiring …

CFO succession planning: how to prepare Read More »

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 …

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