Associated tags: AICPA, Trust, CIMA, American Institute, Accounting, Student, CGMA, Optimism, Video game
Locations: NORTH AMERICA, NEW YORK, NO
CIMA,
Public sector,
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COVID,
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CGMA,
News,
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EVP,
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ESG,
Accounting,
AICPA,
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Knowledge NEW YORK and LONDON, April 22, 2024 /PRNewswire/ -- AICPA & CIMA released today their Re-defining finance for a sustainable world white paper, the latest iteration of their Future of Finance research programme. Originally launched in 2019 with the Re-inventing finance for a digital world white paper, this extensive global research programme explores the future of the accounting and finance profession in the age of disruption and its broader ecosystem, defining essential skills, competencies, and knowledge needed to succeed in an ever-changing business world.
Key Points:
- NEW YORK and LONDON, April 22, 2024 /PRNewswire/ -- AICPA & CIMA released today their Re-defining finance for a sustainable world white paper, the latest iteration of their Future of Finance research programme.
- A clear divide has opened up between accounting and finance professionals who work as business partners and those who don't.
- 60% of accounting and finance professionals surveyed say they identify as finance business partners, and 84% of those are extremely optimistic about the future of the profession.
- Of the 40% who say they don't identify as finance business partners, only 15% say they are optimistic about the future of the profession.
HENDERSON, Nev., April 4, 2024 /PRNewswire/ -- Xvoucher, a leading enterprise SaaS learning platform, is proud to announce a strategic partnership with the Association of International Certified Professional Accountants® (the Association), representing AICPA® & CIMA®.
Key Points:
- HENDERSON, Nev., April 4, 2024 /PRNewswire/ -- Xvoucher, a leading enterprise SaaS learning platform, is proud to announce a strategic partnership with the Association of International Certified Professional Accountants® (the Association), representing AICPA® & CIMA®.
- This collaboration aims to revolutionize corporate learning solutions by facilitating the reselling of AICPA & CIMA subscription learning offerings.
- The subscription learning offerings from AICPA and CIMA are designed to catalyze financial skills within organizations.
- "By partnering with AICPA & CIMA, we are helping to empower financial leaders to invest in the continuous development of their teams.
Microsoft,
AICPA,
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Organization,
Risk management,
Growth,
AI,
First officer (aviation),
CFOS,
CIMA,
ChatGPT,
Privacy,
Marketing,
Gen,
Generative Seventy-one percent of business executives said they were at least moderately concerned about potential privacy, ethical or accuracy risks associated with the use of Generative AI tools, with 42% expressing significant concern.
Key Points:
- Seventy-one percent of business executives said they were at least moderately concerned about potential privacy, ethical or accuracy risks associated with the use of Generative AI tools, with 42% expressing significant concern.
- Top-line results on executives' view of the economy and performance projections for the next 12 months were released earlier this month.
- The level of concern about Generative AI risks is largely in line with responses from the survey last quarter, when identical questions were posed.
- Leading categories for test runs include sales and marketing, IT and risk management, core business operations, and finance and strategy.
Retrieved on:
Wednesday, March 20, 2024
SOC,
AICPA,
Learning,
Practice management,
Controller,
Accounting,
Erik Weihenmayer,
Female,
Fastlane,
Formula One,
System and Organization Controls,
Corporate finance,
Formula,
Seven Summits,
CIMA,
Future,
F1 Academy Wolff's topic is "Accelerating Excellence: Peak Performance & Leadership in the Fast Lane."
Key Points:
- Wolff's topic is "Accelerating Excellence: Peak Performance & Leadership in the Fast Lane."
- In addition, AICPA President and CEO Barry Melancon and Carla McCall, currently vice chair of the AICPA, will give an update on the profession in an interview-format session.
- Susan Coffey, the AICPA's CEO of public accounting, will talk about efforts by the AICPA and profession at large to address the accounting talent shortage.
- Reporters interested in covering ENGAGE, either remotely or in person in Las Vegas, can contact Jeff May, [email protected] , to obtain press credentials.
Only 19% of business executives said they expect a recession in 2024, down from 41% last quarter.
Key Points:
- Only 19% of business executives said they expect a recession in 2024, down from 41% last quarter.
- Some 43% of business executives said they were optimistic about the U.S. economy over the next 12 months, up from 24% last quarter.
- Survey respondents' view of their own organizations' outlook also rose, with 49% expressing optimism compared to 43% last quarter.
- "We saw across-the-board increases in sentiment in the survey this quarter," said Tom Hood, AICPA & CIMA's executive vice president for business engagement and growth.
Retrieved on:
Thursday, February 22, 2024
AICPA,
CGMA,
CPA,
TCFD,
Sustainability accounting,
Disclosure,
ISSB,
Consultant,
Policy,
Task force,
CIMA,
Bank statement,
Research While progress is being made, the report, The State of Play: Sustainability Disclosure and Assurance 2019-2022, Trends and Analysis , highlights the need for companies worldwide to move toward a global system of sustainability disclosure requirements.
Key Points:
- While progress is being made, the report, The State of Play: Sustainability Disclosure and Assurance 2019-2022, Trends and Analysis , highlights the need for companies worldwide to move toward a global system of sustainability disclosure requirements.
- "That leaves investors and lenders in a bind when it comes to having consistent, comparable and high-quality sustainability information at hand."
- Among the highlights of the updated study:
Almost all companies (98%) report some information on sustainability.
- Only 30% of companies used a standalone sustainability report in 2022, reflecting the growing inclusion of that information in companies' annual or integrated reports.
Retrieved on:
Thursday, December 7, 2023
NEW YORK, Dec. 7, 2023 /PRNewswire/ -- Business executives don't have a strong sense of where the economy is headed, and their mixed-bag outlook reflects that, according to the fourth-quarter AICPA & CIMA Economic Outlook Survey .
Key Points:
- NEW YORK, Dec. 7, 2023 /PRNewswire/ -- Business executives don't have a strong sense of where the economy is headed, and their mixed-bag outlook reflects that, according to the fourth-quarter AICPA & CIMA Economic Outlook Survey .
- Inflation returned as the top concern cited by business executives after falling to No.
- The AICPA survey is a forward-looking indicator that tracks hiring and business-related expectations for the next 12 months.
- Some 28% of business executives said they expected their companies to raise prices by year end, down from 37% last quarter.
Retrieved on:
Tuesday, October 31, 2023
Enterprise risk management,
AICPA,
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North Carolina State University,
Organization,
Research,
Management accounting,
CIMA,
Risk management,
ERM,
Risk,
Business,
Initiative,
CGMA,
The Brickyard (NC State),
Accounting,
Management NEW YORK, Oct. 31, 2023 /PRNewswire/ -- The latest report by AICPA & CIMA and NC State's Enterprise Risk Management (ERM) Initiative has identified a worrying immaturity of ERM processes and a lack of understanding by executives and boards of the strategic value of an effective risk oversight process. At the same time the research showed a significant increase in the level and complexity of risks their organizations are facing.
Key Points:
- The report found that 68 percent of respondents sense volume and complexities of risk increasing.
- However, only 31 percent describe their organization's risk oversight practices as "mature" or "robust."
- The 2023 Global State of Risk Oversight: Managing the Rapidly Evolving Risk Landscape includes insights from a survey of 983 global senior finance and business leaders conducted in 2023.
- The occurrence of an actual significant risk event suggests a potential breakdown in the organizations' risk management processes.
Retrieved on:
Thursday, August 31, 2023
Workforce,
U.S. Department of Labor, Office of Inspector General,
Optimism,
U.S. Department of Defense Strategy for Operating in Cyberspace,
C40 Cities Climate Leadership Group,
Perception,
AICPA,
Organization,
Growth,
CIMA,
Management,
Drug,
Video game,
CGMA U.S. business executives' views of the global economy also improved somewhat, with 17% expressing optimism, up from 11% last quarter.
Key Points:
- U.S. business executives' views of the global economy also improved somewhat, with 17% expressing optimism, up from 11% last quarter.
- Sixteen percent of business executives said they still expected a recession by year end, a dramatic drop from the 47% who expressed that sentiment last quarter.
- The percentage of those who said they believed the economy is already in recession also fell sharply.
- The AICPA survey is a forward-looking indicator that tracks hiring and business-related expectations for the next 12 months.
Agility,
Face,
ERM,
North Carolina State University,
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Business,
Nevada Department of Business and Industry,
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Enterprise risk management,
AICPA,
CFOS,
Organization,
Risk,
CPA,
CGMA,
The Brickyard (NC State),
AI,
CIMA,
Audit,
Management NEW YORK, July 11, 2023 /PRNewswire/ -- A new report issued today by the Association of International Certified Professional Accountants representing AICPA & CIMA and North Carolina State University's Enterprise Risk Management (ERM) Initiative found that 65% of senior finance leaders agree that the volume and complexity of corporate risks have changed "mostly" or "extensively" over the last five years. Despite this, only a third (34%) say their organizations have complete enterprise risk management (ERM) processes in place, and just over a quarter (29%) rate their organization's overall risk management oversight as "mature" or "robust." These findings are unchanged from a year ago.
Key Points:
- Despite this, only a third (34%) say their organizations have complete enterprise risk management (ERM) processes in place, and just over a quarter (29%) rate their organization's overall risk management oversight as "mature" or "robust."
- Despite these unfolding realities, most organizations continue to not have robust enterprise risk management (ERM) practices in place.
- The survey measured finance-related executives' assessments of the level of maturity in their organization's proactive management of these risks through adoption of ERM processes.
- Additional key findings from the report include:
Most executives do not believe their organization's risk management processes provide strategic advantage (64% state no or minimal advantage), with less than half (40%) positioning risk management significantly to pinpoint emerging strategic risks.
