News
US finance execs remain optimistic, envision growth, according to survey
Overall optimism amongst US finance executives in business and industry took a slight dip, but sentiment remains positive compared with previous first quarters in the post-recession era, a new survey shows. Optimism in most sectors is up year over year.Why venture capital investing is booming again
Venture capital investors regained their confidence in 2014, and venture-backed deal activity soared worldwide.3 ways to improve the quality of management information
Just 40% of companies consider the management information provided by their finance function to be insightful, according to a Deloitte finance benchmarking survey. The report highlights three areas where action is needed if finance teams are to more effectively support decision-making.Root cause analysis can improve audits, regulators say
Root cause analysis of audit issues has the potential to bring about significant improvements in audit quality, audit regulators said while presenting results of a global survey of audit inspection findings.UK auditors finding innovative ways to increase audit report transparency, says FRC
Auditors of UK companies are finding innovative ways to improve the transparency of their audit reports, and many are going beyond the requirements published in June 2013, according to an FRC study of 153 extended auditor’s reports.UK FRC issues amendments on pension obligations
The UK regulator has published amendments to FRS 102 designed to clarify accounting practice for companies sponsoring defined benefit pension schemes.How to retool the supply chain for e-commerce
Consumer goods businesses can prepare their supply chains to tap the growing global demand for e-commerce without sacrificing profits.Revenue recognition: New differences emerging
International convergence of the new revenue recognition standard may decrease as a result of clarifying revisions that will be proposed by the Financial Accounting Standards Board and the International Accounting Standards Board.How to make flexible working work
While some employers see flexible working policies as an essential talent retention tool, others raise concerns about the impact on organisational culture and relationships with colleagues.Revenue recognition implementation concerns finance executives
A recent KPMG survey shows that 64% of US companies are uncertain about the path they’ll take to adopt the new, converged revenue recognition standard.Slight increase in global pay projected, but some markets are hurt by inflation
In the US and UK, small pay increases are predicted, and Europe overall is also on the rise, but high inflation is hurting some emerging economies, according to Hay Group research.Some ERM practices going stagnant, survey indicates
Senior finance executives say their companies are often not in alignment about the need for enterprise risk management oversight, a survey on behalf of the American Institute of CPAs shows.Standard-setters to propose clarifying revenue recognition guidance
The US Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) decided to propose clarifying certain areas of the converged revenue recognition standard that are causing implementation problems for some financial statement preparers.Keys to effective talent retention agreements
The success or failure of a merger or acquisition often rests on whether key employees can be persuaded to stay on as part of the new venture, yet the ideal talent retention strategy remains elusive.5 priorities that should dominate corporate directors’ to-do lists
Managing reputational risks on a global scale is likely to require more of a time commitment from corporate directors in 2015. To help boards manage their time and agenda, here are five priorities they should address.Employee loyalty is a rare commodity
Employee loyalty is an increasingly rare commodity, according to research by the American Management Association. And while companies recognise the consequences for their businesses, such as low morale and increased absenteeism, tackling the trend is not a major focus for the majority of organisations.Regulation remains top risk for 2015
Risks posed by regulation remain the top concern for company executives and directors in 2015, according to a new survey report ranking the top ten business risks.OECD introduces first elements for implementing BEPS plan
The Organisation for Economic Co-operation and Development (OECD) and the G20 countries have agreed on three elements that represent the first steps towards implementation of the OECD’s Action Plan on Base Erosion and Profit Shifting.COSO: Internal control a challenge with outsourced providers
Here’s how companies with outsourced service providers can meet the requirements of the updated internal control framework of the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
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