El Consejo Técnico de la Contaduría Pública (CTCP), por medio del Concepto No. 251 de 2022, respondió a una consulta acerca de la vigencia del Concepto 2007-56 sobre de la firma del revisor fiscal en estados financieros de periodos intermedios. El CTCP aclaró que dicho concepto tiene vigencia parcial dada la derogación del Decreto 2649…
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Climate change is an urgent, global, and systemic issue that can threaten the sustainability of organizations, markets, and economies. It presents both physical risks (e.g., increasingly severe weather events) and transition risks (e.g., those associated with moving towards a low-carbon economy that may affect asset values or lead to higher costs of doing business). A low-carbon…
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This is the second article of a risk management series and covers 10 steps for successful risk management. The first article Eight Steps to Establish a Firm Risk Management Program highlighted the benefits and steps of establishing risk management program and the third will focus on business continuity planning and risk mitigation strategies. The articles are a…
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The American Institute of CPAs and the National Association of State Boards of Accountancy have teamed up on a new initiative to protect professional licensing for CPAs, while also making strides on a related effort to update the CPA licensure and examination process with more advanced technology skills to meet the changing needs of businesses…
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As a finance leader, your team is under intense scrutiny and demands. Financial cost controls provide measurable outputs that help you to trust your numbers and drive more efficiency in the close process. The demand for financial controls and compliance is steadily growing. And just as finance departments are being pressed to contribute more and…
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Machine learning (ML) is a sub-set of artificial intelligence (AI). It is generally understood as the ability of the system to make predictions or draw conclusions based on the analysis of a large historical data set. The exponential increase in the availability of data, and unprecedented computing power for processing this data, have contributed to…
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With the link between environmental, social and governance (ESG) factors and risk becoming increasingly important to investors and stakeholders, companies must find ways to bring enterprise risk management (ERM), new departments and leaders into the ESG conversation. It is also important that risk management experts including the chief financial officer, controller, auditor, general counsel, corporate…
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Las innovaciones como el análisis de datos y la automatización no están llegando a las finanzas corporativas tan rápidamente como les gustaría a los directores de finanzas y a los controladores, impulsándolos a hacer un gran esfuerzo tecnológico en 2019. Solo el 13 por ciento de los controladores y directores de finanzas señala que sus…
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Over a six-month period, CPA Horizons 2025 sought the insights of CPAs on current and forecasted trends that will surely impact not only the profession, but also the world. Through an online survey, 16 in-person forums and online discussion and focus groups, about 5,600 CPAs weighed in and generated more than 75,000 comments about the…
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It is a given these days that professional accountants need to be technologically competent at the very least – and ideally, much more than that. ‘Digitally savvy’ may be one way of describing it. Technological innovation (and its many offspring, from global connectivity to social media) remains the most significant driver of change across every…
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