'Continuous auditing': The next trend in compliance?
While running internal audits has become a fairly common practice, some firms are taking it a step further.
While running internal audits has become a fairly common practice, some firms are taking it a step further.
As CFOs are well aware, employment laws seem to favor workers against their employers, and they often cost firms money. But that’s not always the case.
In case you didn’t have enough on your to-do list for 2010, the feds just added to it.
Getting a handle on your company’s energy costs can’t wait. But with everybody touting the latest ways to slash energy costs, companies don’t have the time or the money to try out what works and what doesn’t.
We’ve all been there: inaccurate vendor payments disrupting cash flow and costing your company a bundle. And there are so many reasons why they happen. Maybe an A/P staffer got distracted and didn’t record a payment at the time it was made. Or perhaps you have two vendors with similar names, and the wrong one […]
Your CFO peers are dealing with unprecedented inflation, several bank failures and an unpredictable labor market. And don’t forget about the new COVID-19 variant that the Centers for Disease Control says is now present in the U.S. It’s no wonder that a 2022 survey by PwC found that nearly half (47%) of CFOs said their […]
You wouldn’t want to remain loyal to suppliers that frequently raise their prices without warning or miss important delivery deadlines. So maybe it’s time to consider starting or updating a supplier performance management program. Among the organizations that may be reevaluating suppliers right now are Major League Baseball teams, such as the Texas Rangers and […]
Recession fears lead mid-level employees to be more likely to press their luck with skimming a little off the top. Believe it or not, that may be good news.
You’ll want to huddle with Benefits to take a closer look at your wage-and-hour practices sometime soon.
T&E compliance can be a source of stress for your staffers and a strain on your company’s pocketbook … especially when employees don’t follow your policies to the letter.
When financial fraud allegations arise at a public company, the firm that audits the financial statements of that company will often draw the attention of one or more of three very formidable entities: the Department of Justice (DOJ), the Securities and Exchange Commission (SEC), and the Public Company Accounting Oversight Board (PCAOB).
An increasing number of firms are taking extra steps to make sure all the dependents on their health plans are actually eligible.
Tell your A/P staff to be ready. Starting this November, the Service is planning the first of the 6,000 random employment tax audits that it will perform over the next three years.
In an economic climate where you might have to do some belt tightening, a cash leak from internal theft is unacceptable. However, according to Aaron Evett, director of implementation of the expense management and business budgeting software company Divvy, a lot of companies don’t realize how much money can be saved just by taking measures […]
Your A/P department’s master vendor file is a crucial part of managing your company’s supply chain assets, providing data for analysis of spend, payment methods, payment terms and rebates. But that data’s only valuable if it’s accurate and reliable. A master vendor file that contains complete, current and uniform data is also a tool for […]
There are some very compelling reasons to have a CPA look over your firm’s books.
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