News
Biennial report details fraud’s impact worldwide
Fraud continues to take huge bites from organisational coffers, but the implementation of anti-fraud controls can significantly reduce the damage done, a new report shows.Proposed IAASB standard seeks to clarify expectations for auditing disclosures
Changes to international auditing standards proposed last week by the International Auditing and Assurance Standards Board (IAASB) are designed to clarify expectations of auditors when auditing financial statement disclosures.Ten data-based tips to better manage indirect taxes
Governments worldwide are increasingly using technology to ensure multinational companies pay rising indirect taxes. Tax executives at leading-edge global companies offer data-based tools that can help manage compliance.Why CFOs are better when they are career-minded
CFOs who fail to invest in personal and team development are selling themselves and their organisations short, according to executive search director Samuel Dergel. He says CFOs are capable of focusing on career, staff and employer at the same time, for the mutual benefit of all.The world’s most cost-competitive export nations
The Boston Consulting Group has tracked manufacturing costs in the 25 biggest export nations for about a decade. Find out which nation tops BCG’s 2014 manufacturing cost-competitiveness index.Payroll, tax top choices for outsourcing in finance
Nearly half of US and Canadian companies participating in a recent survey said they are outsourcing payroll. Meanwhile, a majority of respondents continue to reconcile their accounts manually.IASB clarifies appropriate methods of depreciation, amortisation
New amendments to two international accounting standards published clarify acceptable methods of depreciation and amortization.Four ways the cloud can help power business success
A focused investment in cloud technology can provide organisations a strategic advantage, says author Joe Weinman, a speaker at the AICPA CFO Conference. He offers four ways companies can draw value from the cloud.Canadian financial executives getting more HR oversight duties
Senior financial executives in Canada report that their oversight of human resources is increasing, but many say their knowledge of HR functions is only moderate or average.How to make a splash in consulting in career’s final act
Three-fourths of US CFOs consider the prospect of consulting when they approach retirement to be attractive, according to a new survey. Read tips for successful consulting from a former CFO who has happily made the move.IASB issues new standard for acquisitions of joint operations
Amendments to IFRS 11, Joint Arrangements, specify the appropriate accounting treatment for an acquisition of an interest in a joint operation that constitutes a business.Finland leads the list of the world’s most tech-ready countries
Digitally connected nations have better chances to attract foreign investment and talent. An annual survey of networked readiness puts Finland on top. The US and UK both rank in the top ten.How to make your supply chain hum
Companies that sell into and source from markets worldwide compete on their supply-chain capabilities. Find out what supply-chain leaders do to boost their revenue and earnings.Four themes for growth-conscious CFOs
US CFOs cite talent and technology as key factors in their organisations’ ability to grow in the coming year, according to a survey by The CFO Alliance. Read more about those factors and the CFOs’ thoughts about their ever-changing role.US tax agency announces two-year FATCA enforcement transition period
Foreign financial institutions that make a good-faith effort to comply with the requirements of the US Foreign Account Tax Compliance Act (FATCA) will benefit from lighter enforcement during 2014 and 2015.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.
Read the latest FM digital edition, exclusively for CIMA members and AICPA members who hold the CGMA designation.