News
How companies respond to strategic threats in a hyper-connected world
Technological advances, from social media to cloud computing, have spawned new potential threats to businesses worldwide – and corporate enterprise risk management (ERM) has evolved to counter them, a Deloitte survey of about 300 executives or board members around the world finds.United States and France sign FATCA agreement
The US Treasury Department announced that the United States and France have signed a bilateral agreement requiring French banks to report to the French government information about their US account holders.Hedge accounting simplification proposed in UK
Reducing complexity for small businesses is a focal point of a new hedge accounting proposal released by the UK Financial Reporting Council.Fed change won’t improve economy, US finance execs say
Although US CFOs and finance chiefs say the US Federal Reserve chairman has the ability to significantly affect the world’s economy, they are not optimistic that the coming change in Fed leadership will hasten the economic recovery.Good news for internal audit: Bigger budgets, more employees
A North American survey shows that budgets and staffing are increasing for internal audit. Strategic business risks remain a top priority but still rank low in overall audit plan coverage.Prepare for new revenue guidance with six key actions
Companies need to move quickly, experts say, to consider how they will be affected by the new revenue recognition standard under development by FASB and the International Accounting Standards Board.Big Data’s big potential threatened by weak governance
IT professionals say Big Data can add significant value, but governance and management of privacy often is inadequate.Three points of emphasis for companies trying to find value in their analytics
Companies identified as leaders attribute much of their success to the use of analytics, according to an IBM report. Companies should have an executive serve as the chief advocate for getting the most value out of their analytics.US Affordable Care Act holds opportunities, challenges for internal auditors
Health-care regulations associated with the US Patient Protection and Affordable Care Act (PPACA) have created new opportunities for internal auditors.Proposals seek improved risk management in UK
The UK Financial Reporting Council proposed changes to the UK Corporate Governance Code that aim to improve boards’ risk management at listed companies.Historic revenue recognition standard takes big step forward
A financial reporting standard designed to increase global comparability of one of the most important items in financial statements is nearing completion after an important vote.SEC’s ramped-up scrutiny means CFOs need to re-evaluate processes
CFOs and finance departments may want to undergo a careful evaluation of their financial reporting systems and processes, experts say, now that the US Securities and Exchange Commission (SEC) is ramping up its scrutiny of accounting and auditing.Collectibility threshold added in significant change to rev rec proposal
The US Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) made a significant change in a major project by adding a collectibility threshold to the converged financial reporting standard they are developing for revenue recognition.David Tyler’s hunger for growth
CIMA Chief Executive Charles Tilley talks to Sainsbury’s chairman David Tyler about innovation, people and long-term business success.The 50 most innovative companies, and the attributes that set them apart
The Boston Consulting Group identifies the world’s most innovative companies, and for the first time, automotive companies outnumber tech companies in the top 20. The report gives five attributes of strong innovators.Emerging markets are the cradle of tomorrow’s largest companies
Do you know where your next large competitor is lurking? Very likely in a developing country, a study by the McKinsey Global Institute suggests.Four strategies for money-laundering deterrence
Basic strategies can help banks keep their anti-money-laundering controls sound in a changing regulatory environment, according to a new report.Make disclosures more relevant, UK FRC urges
Disclosures in financial reports should be relevant, organized for ease of use by investors and avoid boilerplate language, according to a series of calls to action from the UK Financial Reporting Council.Guidance issued for US foreign account law
The US Internal Revenue Service issued its latest guidance in preparation for the implementation of the US Foreign Account Tax Compliance Act reporting and withholding requirements.
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