(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Business Management, Performance Management

Modernising cost management systems in emerging economies

By Anil Kshatriya, ACMA, CGMA To reach their full potential, small and midsize companies in emerging countries must pay special attention to modernising their cost management. Companies in emerging economies that are labour-intensive and technologically under-invested must give special attention to cost management. A strong culture of cost-consciousness translates into bottom-line growth, but limited resources… Read More Modernising cost management systems in emerging economies

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Careers

The CFO as a chief risk manager

By Paul L. Walker, CPA, Ph.D., and Mark L. Frigo, CPA, CGMA, Ph.D. Disruption is driving risks for every organisation. CFOs can play a critical role in helping organisations proactively manage them and create value. The role of the CFO in managing enterprise risk and creating future value continues to evolve in this dynamic and… Read More The CFO as a chief risk manager

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Business Management, Enterprise Risk Management, Risk Management

5 steps to prevent complex inventory frauds

By Cecilia Locati, FCMA, CGMA Fraudsters are becoming increasingly creative. Here’s how SMEs in the manufacturing sector can guard against losses. When we think about inventory theft, we often think of a sales assistant stealing a product from a shop stockroom or an employee carrying away items from a warehouse. Although these are common forms… Read More 5 steps to prevent complex inventory frauds

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Mergers & Acquisitions

How to successfully integrate mergers and acquisitions

By Scott Whittaker Follow these step-by-step instructions to successfully plan, optimise, and integrate mergers and acquisitions. Most mergers, acquisitions, and takeovers fail to increase shareholder value by the time the deal is done. Reasons include financial mistakes, such as overvaluing the M&A target, and legal shortcomings, such as insufficient due diligence. But even when legal… Read More How to successfully integrate mergers and acquisitions

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Fraud, Information Technology

Cybersecurity: A new engagement opportunity

An AICPA framework enables CPAs with cybersecurity expertise to perform new services for clients. By Russ Banham As trusted business advisers, CPAs find ways to help their clients achieve their business objectives. Now, under the AICPA’s recently issued cybersecurity reporting framework, CPAs have an opportunity to expand the services they offer to help clients manage… Read More Cybersecurity: A new engagement opportunity

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Information Technology

Big data, analytics, AI, and the finance professional

Data gathering and accounting’s role in it continues to change. A thought leader explores the opportunities. By Aubrey Joachim, FCMA, CGMA Artificial intelligence (AI) and robotisation will affect many elements of the human endeavour. That includes the way humans interact, how work is done, and what work need not be done by humans. These advancements… Read More Big data, analytics, AI, and the finance professional