Tag:
CFO
Latest Headlines
Latest Headlines
Companies aim for better financial close
If there is one thing that raises anxiety within the financial unit, it's the financial close, that is, the process by which financial statements are finalized for filing with the SEC.
Any CFO will tell you how high the stakes are and how heavy the pressure from above is, especially from CEOs
Companies ponder new disclosure guidance
We noted recently that all the security breaches this year have thrust the issue of disclosure into the spotlight. Some companies, like Citigroup, were criticized--fairly or not--for what some critics saw as tardy disclosure to customers. Other companies, like EMC, were questioned by the SEC a
SEC wants to empower compliance officers
We've been discussing the status of compliance executives and managers for quite a while now. The conventional wisdom is that such employees are in heavier demand these days, as compliance and GRC-oriented issues have become higher priorities. The title of "chief compliance officer" still doesn't
Companies struggle to document conflict minerals in supply chain
Recall that the "conflict minerals" provision of Dodd-Frank requires that public companies that make products using such minerals, which include columbite-tantalite (coltan), cassiterite, gold, wolframite, diamonds and others, must produce documents containing a raft of disclosures. These disclosu
How to ease CFO audit pressures
Since the passage of Sarbanes-Oxley back in 2002, audit committees have found themselves under a lot more pressure. And that pressure may have been transferred to CFOs--one reason perhaps that we're seeing more turnover.
Every audit committee at big firms now has a required financial expert, o
5 tips to develop a culture of compliance
So where does a "culture of compliance" come from?
Given that 36 percent of the employees who commit fraud come from corporate finance, it makes sense that the CFO should take the lead in making sure compliance activities are accorded appropriate weight across the organization. The notion that
Which executive is the most likely to commit fraud?
We've often noted that while people tend to focus on financial crimes perpetrated by outsiders, insiders are often the greatest risk factor when it comes to fraud. So of all your employees, who should you be most wary of? Who is the most likely to commit a crime against the organization?
KPMG
Lehman Brothers execs settle private suit for $90 million
It seems doubtful that prosecutors will bring criminal or civil charges against individual executives of Lehman Brothers. The top executives are no doubt breathing easier on that front. But there was plenty of private litigation, some of which may be on the verge of settlement.
The New York
As chief risk officers' stature rises, conflicts with CFOs loom
We discussed recently the idea that David Viniar, the CFO of Goldman Sachs, is perhaps so valuable to the bank that he couldn't be replaced by a single person. Given his broad oversight of risk management, financial controls, technology and financial relationships with investors and analyst and mo
Firms clash over accounting rules
In some way, shape or form, IFRS will be reality. We just don't know when. The SEC has it hands full with a range of Dodd-Frank issues, and transitioning U.S. companies to the new international standard seems to have fallen to the side burners, after a lot of momentum had built up in previous year
