Category: Financial Effectiveness Perspectives

Written by Tony Sondhi; A. C. Sondhi & Associates, LLC,  September 26, 2016 Comments on SEC Staff Announcement on SAB Topic 11.M (SAB 74) On September 22, 2016, the SEC Staff issued comments on the disclosure requirements of SAB Topic 11.M (SAB 74) related to the expected impact on financial statements of the future adoption of …

The other day, I was scanning my Twitter Feed, and I see a link for an article from CFO Magazine titled Don’t Let the Climate Change Your Business .  Being somewhat of an environmentalist in my other life (I have also written for an ecology blog) this raised my eyebrows a little.  What is their real message? …

For a full update on the latest PCAOB Hot Button Issues and developments, please attend our quarterly recap webinar.  Our next webinar is scheduled for September 14 at 1:00 PM Eastern, and will focus on Root Cause Analysis On August 18, the PCAOB released their Annual Report on the Interim Inspection Program Related to Audits …

Join SVA founder Gabe Zubizarreta and other thought leaders at Elevate! the 2016 National Conference of the Accounting & Financial Women’s Alliance on October 26 in Denver Colorado.  Gabe will present in two breakout sessions ASC 606: Using the Power of Change to Create Sustainable Improvement Optimizing the Accounting Close and Financial Reporting Here is a small …

CFO Magazine published the results of a recent KPMG survey asking CEOs what they were looking for from CFOs.   The short answer is “a lot”.  But the biggest takeaway that we see is that CEOs want their finance teams to contribute more to the strategic success of the organization.  They want finance to be proactive …

Writing in CFO Magazine, our friend Mary C. Driscoll of APQC takes a look at some of the results of APQC’s Open Standards Benchmarking assessment. The results are enlightening and confirm what we have seen with many of our clients over the past years. The difference between the top performing firms and the bottom performers, in …

IIA CEO Richard Chambers makes a impassioned plea for members of the profession to stand up for themselves and fight back against some of the common stereotypes. Key Quotes “today internal auditors … examine how the beans are grown, how they are harvested, and how they are taken to market” “the critical characteristics of a …

Last week FASB Chair Russel G. Golden delivered an address to the AICPA Conference on Current SEC & PCAOB Developments .  The entire speech is worth reading.  We’ll hit some of the highlights. Golden stated that  the Revenue Recognition Transition Resource Group (TRG)  was successful in many ways.  Because TRG was a joint effort of FASB …

FEI Daily reports from the Current Financial Reporting Issues Conference (CFRI) that audit committee members and audit committee chairs want and need more and better communication from finance managers and executives at their company. “I talk with the chief accounting officer or head of internal audit on a monthly basis,” Cyprus said. “I don’t want to …