News
How to be a boss, not a buddy
Managers who are promoted above their peers often find themselves in the difficult position of having to be a boss to former colleagues or friends. So how can managers ensure that they have the right relationships with their team? Try these eight steps.US launches online FATCA registration system for financial institutions
The Internal Revenue Service (IRS), the US tax agency, announced the launch of an online system that foreign financial institutions (FFIs) can use to register with the agency to meet their obligations under the US Foreign Account Tax Compliance Act (FATCA).Bring the whole family: Rising demand for globally mobile talent drives policy changes
The demand for globally mobile talent is increasing, and companies worldwide are expected to send more employees overseas in the next five years, but managers of international assignment programmes are already straining, a KPMG survey found.Five ways to exploit Big Data without compromising privacy
Big Data is revealing itself to be an extremely powerful tool that can deliver growth, efficiency, and competitive advantage for organisations.Cayman Islands agrees to exchange account holder information with US
The US scored another victory in its quest to get foreign financial institutions to give up information on their US account holders.US tax agency issues draft FATCA report form
The IRS released a draft Form 8966, FATCA Report, which will be used by foreign financial institutions (FFIs) and withholding agents to comply with their FATCA reporting and withholding requirements.More and more, employees spend off-the-clock time working
Going on holiday isn’t as refreshing as it used to be. Surveys in the UK and US show that managers and employees alike are treating time off differently than they used to.US standard-setter proposes sweeping changes to the auditor’s reporting model
The US Public Company Accounting Oversight Board (PCAOB) on Tuesday proposed sweeping changes to the auditor’s reporting model for US public companies that would include a requirement for auditors to identify and describe “critical audit matters”.Six areas where new revenue recognition standard will require judgement
The new, converged revenue recognition standard will include substantially less industry-specific, “bright-line” guidance than many US companies are accustomed to.Five tips on setting compensation for senior execs
C-suite compensation has drawn increased scrutiny for several years. Here are five tips for remuneration committees to use as a guide in setting executive pay levels.US companies holding onto more cash
US businesses increased their cash reserves during the second quarter of 2013, and the cash build-up appears likely to continue in the third quarter, according to a recent Association for Financial Professionals (AFP) report.Collaboration can keep hidden costs from sinking FP&A initiatives
Financial planning and analysis improvements have not delivered the anticipated value. Failure to fully consider hidden, business-level costs may be to blame. Close collaboration between corporate finance and business units can fuel process improvements, cost savings and improved, actionable data.“Leader” no longer someone with supervisor title only
A new global report shows that organisations that equate leadership with performance, regardless of hierarchy, have higher market performance. The report offers ways all companies can develop a more global leader.Still learning: CEOs want coaching on leadership
Two-thirds of North American chief executives are getting no coaching or leadership training from outside sources, according to a new survey report.Ten tips for implementing shared services
The benefits of moving a process to a shared-services centre can be substantial in the right circumstances, according to Ravichandran Venkataraman, ACMA, CGMA, senior vice president and head of the Global Services Division at Hewlett-Packard.One-to-One: How a failure to innovate breeds risks
CIMA Chief Executive Charles Tilley visits with Infosys board member V. Balakrishnan, who offers insight on the value of people, the evolution of corporate reporting, and balancing risk and innovation. “Whatever you try to do, you must try to move up the value chain and become a premium player in the industry,” he says.US public, private companies report rise in audit fees in FY 2012
Fees for external audits of financial statements paid by US public and private companies rose in fiscal year 2012 over the previous year, according to a new survey report.White House announces nominee to head US tax agency
The White House announced that President Barack Obama will nominate John Koskinen as the new commissioner of the US Internal Revenue ServiceWhat’s the risk? Survey shows increased focus on reputation
Businesses are placing an increased focus on reputational risk, according to a new CGMA survey, as a result of market demands for transparency, reputational failures at leading companies, and the rise of social media.
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