News
Data analytics underused as anti-fraud tool
Many organisations are failing to take advantage of data analytics as a tool to fight fraud and other financial crimes, surveys show. See tips for successful use of data analytics against fraud.The four knowledge areas of finance competency
The CGMA Competency Framework gives employers a guide for benchmarking finance competencies and provides finance professionals a way to assess the skills required for current and future roles.Revenue recognition: Do companies have enough time for implementation?
Companies may face a serious time crunch with implementation of the new, converged financial reporting standard for revenue recognition despite a seemingly long transition period.European court allows financial transaction tax proposal to move forward
The European Court of Justice struck down a UK procedural challenge to an agreement that would allow 11 European countries to co-operate on a financial transaction tax system.UK FRC publishes amended accounting rules for micro-entities
The UK Financial Reporting Council released new rules that are intended to make accounting simpler for the UK’s smallest companies.The four D’s of better strategic planning
Instead of limiting scope and paying attention to issues that need fixing, companies should spend more time focused on their opportunities. The process of appreciative inquiry – discovery, dream, design and destiny – can turn fix-it organisations into more-strategic ones.Four tips for managing remote workers
Good communication with employees in other buildings or other continents is the biggest difficulty CIOs face in managing those workers. A survey of US CIOs also lists four tips to better manage remote workers.UK FRC announces effort to boost investor confidence in audit quality
The UK’s Financial Reporting Council (FRC) has published details of initiatives to promote “justifiable confidence” in the quality of audit in response to declining stakeholder trust in the process.IAASB reconsiders auditors’ “other information” duties
A new International Auditing and Assurance Standards Board (IAASB) re-proposal is intended to clarify and strengthen auditors’ responsibilities related to “other information” that is included in organisations’ annual reports outside the audited financial statements.Conflict minerals requirements lurching forward
Conflict minerals reporting is stumbling through a stage of uncertainty in its debut in the United States as other jurisdictions throughout the world contemplate implementing their own requirements.Ten countries with the lowest trade barriers
Lowering trade barriers has helped emerging markets boost their economic growth and even compete with advanced economies that have long been global trading hubs. Find out which developing countries are emerging as regional trade champions.Accounting, finance jobs take weeks to fill
Vacant accounting or finance jobs take an average of about one month to fill, according to a recent survey of 2,100 US CFOs by staffing services firm Robert Half.IASB seeks improvement for macro hedging accounting
An effort to create a more accurate depiction of risk-management activities known as “macro hedging” in financial reporting is reflected in a discussion paper released by the International Accounting Standards Board.EU Parliament adopts non-financial disclosure requirements
The European Parliament adopted a directive that would require large public-interest entities to make certain non-financial disclosures on environmental and social issues.US issues foreign housing expense limitation amounts for 2014
According to the US tax agency, Hong Kong, Moscow and Geneva are the three most expensive foreign cities for Americans to live in. The Internal Revenue Service (IRS) provided its annual list of inflation-adjusted limitations on foreign housing expenses for 2014.Organisations take preventive steps, but payments fraud still persists
Payments fraud is a global concern, but the preventive measures taken by companies have done little to stop attempted or actual fraud, according to an annual AFP survey.North American CFOs, wary of regulation and talent issues, continue to push for growth
Some companies are expecting changes in the form of strategic initiatives or M&A activity, according to Deloitte’s latest quarterly survey of finance chiefs. CFOs remain positive overall but have lowered expectations for sales and earnings.The job interview is still the biggest stumbling block for job-seekers
The part of the job-seeking process that most often causes trouble for candidates is the interview, according to an Accountemps survey of US CFOs.EU audit firm rotation clears another hurdle
Mandatory audit firm rotation cleared another hurdle in the EU when the European Parliament endorsed proposed new audit regulations.
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