News
FSA unveils next steps in transparency drive
The UK’s financial services industry could be subject to greater scrutiny over the performance of its products and complaints procedures under proposed new regulator rules.Electronic payment methods help decrease payments fraud
Reports of attempted or actual payments fraud dipped in 2012 for global companies for the third straight year, according to a new survey.Finance teams require better data skills to tackle fraud
UK businesses are monitoring risks better than ever and increasing their coverage of fraud risk. However, significant challenges around data analysis, staff training and a lack of routine risk assessments remain, according to a study from Deloitte.Business shifts require refreshing of risk management techniques
As global markets shift, companies are making major changes in strategies and operating models. These business transformations require a bolstering of risk management techniques as a shaky global economy, tax increases, technology and expansion to new markets and geographic areas all present new risks to businesses.SEC describes how social media can be used to distribute company info
US public companies can use social media to make company announcements as long as they inform investors of the channels they will use to distribute the information.How finance leaders can extend their shelf life
You’ve reached the top, but how long can you stay there? CFO turnover is on the rise, due to a mixture of oustings and a more active job market in some regions. Experts offer the keys to longevity.Employer social security contributions drive increase in tax burden, OECD reports
Increases in employer social security contributions drove the average tax burden on wage earners in OECD countries up slightly in 2012.The core priorities for North American CFOs
A quarterly CFO report by Deloitte shows that supporting strategic initiatives is a top priority in the coming year, and CFOs consider retention of talent a key issue.Rotation model presents a challenge to internal audit independence
A recent report by the Institute of Internal Auditors described five ways to boost the independence of the internal audit function when the chief audit executive position is staffed by employees rotating from other functions.Companies still tightening belts despite return to growth
Although companies are reporting growth in much higher numbers, cutting costs remains a part of their business strategy for the next 24 months, according to a new survey of large US companies.FASB provides more time to compare credit loss proposals
The US Financial Accounting Standards Board (FASB) on Thursday voted to extend to May 31st the deadline for comments on its Proposed Accounting Standards Update (ASU), Financial Instruments—Credit Losses (Subtopic 825-15). The comment period originally was scheduled to end April 30th.Skill needs challenge internal audit
Complexity and the rapid pace of change is challenging internal auditors to keep their skill sets current even as they try to expand the value they bring to their companies.Data deluge weighs down HR’s ability to measure talent
Companies see the importance of collecting data about employees, but they’re not yet turning that information into business insight. That’s according to an annual global report that shows HR departments are being inundated with data and are unsure how to apply it.IASB proposes simplified accounting for certain defined benefit contributions
An International Accounting Standards Board (IASB) proposal is designed to simplify certain aspects of accounting for contributions to defined benefit plans under IAS 19, Employee Benefits.US standard-setter gives more detail on expected credit loss proposal
The US Financial Accounting Standards Board (FASB) is providing additional explanation of a proposal in one of its most challenging projects.Eight ways to get out of a career rut
People sometimes feel as if they’re going nowhere at work. This is usually due to a combination of factors, such as inertia, disengagement, a lack of clarity about goals and a lack of opportunities. But how do you get your career back on track? Rhymer Rigby, author of The Careerist: Over 100 Ways to Get Ahead at Work, offers eight tips on emerging from a career rut.How audit committees can help transform internal audit
A company’s management and its board members have differing views on the effectiveness of internal audit – by a wide margin, according to PwC. Get guidance for how audit committees can set clear and lofty expectations and drive internal audit to better performance.Eagerly anticipated COSO framework set for May release
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) expects to issue its updated Internal Control—Integrated Framework on May 14.Tips for effective investor communication
Fostering good relations and transparency are two ways to build good investor relations. Ernst & Young, which has regular contact with the finance heads of its clients, has these tips for effective investor communication.
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