News
51 countries sign up to automatically exchange financial information
The Organisation for Economic Co-operation and Development (OECD) announced that 51 countries have signed its Multilateral Competent Authority Agreement, allowing them to automatically exchange financial information with each other.The 50 most innovative companies and the habits that distinguish breakthrough innovators
Boston Consulting Group lists the habits that distinguish breakthrough innovators. Find out which company is the most innovative.Mistakes CFOs should avoid to keep employees from quitting
Surveys with CFOs and office workers in the US suggest that inadequate compensation tops the list of mistakes CFOs make that prompt employees to quit their jobs.Cyber-security: How big is risk to small businesses?
Small businesses often lack the resources to maintain a secure IT environment and may falsely assume hackers attack only large organisations. Some simple steps can help small businesses protect themselves against cyber risks.Companies could unlock billions through optimised working capital management
A study by PwC estimates between €896 billion and €1,415 trillion ($1.1 trillion and $1.8 trillion) could be released from balance sheets globally through improved working capital management.3 ways to boost global expertise on boards
Companies with an expanding global footprint have been slow to add directors with global capabilities to their boards, according to research by global executive search firm Egon Zehnder. To better understand the impact of this gap, companies should ask three questions.Global Management Accounting Principles seek to guide better benchmarking, decision-making
The American Institute of CPAs and the Chartered Institute of Management Accountants released the Global Management Accounting Principles, designed to help organisations improve their decision-making processes. The principles were developed through research and insight from a global panel of executives.COSO’s risk-management framework to undergo update
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) announced that it is undertaking a project to update its Enterprise Risk Management – Integrated Framework, which debuted in 2004.Budgeting, planning & forecasting: What’s on the horizon?
A survey of CGMA designation holders offers insight into the state of corporate budgeting, planning, and forecasting.Examine clichés in approach to innovation
To find business areas ripe for disruption, examine assumptions about your processes, your prices or your products, innovation expert Luke Williams said in a speech Monday to the AICPA’s governing body.Ireland plans to eliminate corporate tax loophole
Ireland has positioned itself as a low-tax jurisdiction to attract foreign multinationals, and the double-Irish loophole has been criticised as a method that allows multinationals to avoid paying tax.Vetting job candidates on social media? Beware the risk
Although research shows that more organisations are using social media as a way to vet job-seekers, some experts say any information that’s found is not worth the risk of viewing protected information such as race, religious preference, or political affiliations that should not be considered in the hiring process.Identifying fraud, waste, and abuse in the supply chain
Many companies worldwide struggle to get a handle on fraud, waste and abuse risks in the supply chain. A Deloitte fraud investigator offers seven questions that may lead accountants to breaches.US government postpones certain FATCA deadlines
The Internal Revenue Service said it will revise temporary regulations issued in March to ensure that a number of the requirements under the Foreign Account Tax Compliance Act for identifying foreign account holders will not apply before Jan 1, 2015.CFOs spending less time responding to crises, survey says
U.S. CFOs are less likely to respond to a crisis at work, according to a new report that offers five ways to better manage and avert crises. One possible reason for the decrease: The definition of “crisis” may have changed during the recession.Global cyber-attacks up 48% in 2014
The number of reported information security incidents around the world rose 48%, according to PwC’s The Global State of Information Security Survey 2015.Are workers confident in their boss?
Plenty of workers like to complain about their supervisors. But are they confident in the leadership their boss provides? You might be surprised.Continued rise projected for accounting salaries in 2015
Starting salaries for accounting and finance professionals in the United States and Canada across a wide range of positions are expected to trend upward again in 2015.Regulation, inflation drove audit fees higher in 2013
Regulatory oversight and inflation have played significant roles in the rise in fees US companies paid in 2013 to external auditors, according to new research by Financial Executives International.
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