News
The world’s top economic risk hotspots
Four economic risk hotspots emerge as dramatic changes in the oil price and exchange rates create winners and losers among the world’s economies.US standard-setter formally proposes deferring revenue recognition effective date
The US Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update that would delay the effective date of the new, converged revenue recognition standard by one year.IASB votes to propose delaying effective date of revenue standard
The International Accounting Standards Board (IASB) voted to propose a one-year delay in the effective date of the new, converged revenue recognition standard. The decision follows requests from financial statement preparers.CPAs select security as top technology priority
Securing the information technology environment once again ranks as the top technology priority for US CPAs.The cost of a forced CEO succession
Changes at the top, even the best planned ones, reduce shareholder value in the short term, according to research by PwC’s consulting group. But firing the CEO without having a successor lined up is costlier.5 job interview deal-breakers
The top reason job-seekers were eliminated from consideration by employers is checking their phone during an interview, according to a new survey.As cyber-breaches rise, consumers alter spending, browsing habits
The percentage of Americans who have fallen prey to an information security breach has risen to 25% from 11% the previous year, a new AICPA survey found.Sustainability challenges and opportunities for CFOs
The finance function is well-positioned to help a company improve performance and avoid risks by paying more attention to sustainability, a new report says. CFOs can lead the way if they focus on overcoming challenges related to sustainability.Workers, managers differ on effectiveness of employee recognition
Many managers think their companies do a good job recognising employees for their efforts, but employees don’t see it the same way. A new report shows the divide between management and staff, and it offers tips for bolstering recognition practices.Why risk-management leaders generate higher profits
Executives and corporate directors believe business uncertainties and threats are increasing, a PwC survey suggests. The survey results explain how improved risk-management programmes can improve financial performance.Most CFOs dissatisfied with company’s approach to budgeting, FP&A
Compliance functions often take precedence over analysis for finance staffs, according to a new report. Also, a majority of finance executives are dissatisfied with their organisation’s approach to annual budgeting, data from Grant Thornton and the American Productivity and Quality Center show.How to link employee training to corporate performance
Aligning employee skills development to corporate performance targets and establishing quantitative targets makes training programmes more effective, a McKinsey survey suggests. Companies can accomplish this by following three steps.Essential supply-chain investments to cut costs and boost service levels
A report by MHI, the international trade association for the supply chain and logistics industry, highlights the impact disruptors are likely to have in the near future, as well as three ways companies can remain competitive in the supply chain space.How CFOs can manage activist investors
Demands from activist shareholders are on the rise around the world. CFOs can play a role in helping their companies take the right approach to listening, and responding, to activists.Revised IAASB standard increases auditors’ involvement with “other information”
New international auditing standard revisions are designed to increase auditors’ involvement with information outside audited financial statements that is included in entities’ annual reports, also known as “other information.”5 ways treasurers can address strategic challenges
Treasury’s expanded, increasingly strategic role poses challenges that can be addressed by defining new responsibilities and priorities and by the way treasury interacts with other functions in the business.Disconnect between audit committee and audit executives, survey shows
A Grant Thornton report shows that audit executives and audit committees have different priorities for internal audit. Audit committees want more focus on financial risks, while audit executives focus more on compliance risks. Grant Thornton offers five ways to optimise internal audit functions.OECD releases draft mandatory disclosure rules
Countries should require mandatory disclosure of certain tax planning strategies from both companies and tax advisers, the Organisation for Economic Co-operation and Development (OECD) recommended in a draft proposal.FASB agrees to propose revenue recognition standard delay
Financial statement preparers may get the option to take more time implementing the new revenue recognition standard.
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