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Two of our most important events in the year are coming up! First is the biggest controlling event in Europe: 41st Controlling Congress in Munich, Germany (April 25/26). Second is the 10th International Controlling Congress in Warsaw, Poland (May 19/20). For the conference in Poland we invite all international guests who don’t speak German – all speeches will be translated into English! In attractive agendas of both events you can find many important topics presented by prominent experts from most successful enterprises. More about these and other actions of our Association you can read below!


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International Controller Association  
Topic center: Controlling on the road to internalization and globalization
Controlling in the time of virtual industry revolution – Change · Impulse · Chances
ICV General Meeting 2016 on April, 24th
4,050 EUR waiting for young controllers!
Corporate membership – access to our international controlling community
 
 
Controlling Scene  
CFOs concerned about effectiveness of corporate reporting
Cautious optimism in the private equity industry
Top concerns for private company Directors
Machines instead of people in finance?
 
 
Miscellaneous  
Current topics and dates from the ICV
 
 
41st CONTROLLER CONGRESS

Topic center: Controlling on the road to internalization and globalization
“Controlling on the road to internalization and globalization” is one of the three topic centers at the 41st Controller Congress, April 25/26, 2016 in Munich. Three great speakers are in the agenda: Udo Kraus, Vice President Finance and Controlling, Hansgrohe SE first speaks on “Managing the controlling challenges in the time of globalization”. Then comes the speech of Markus Hofer, CFO Miba AG: “From an international to global company: Requirements and dangers in the expansion strategy”. The third speaker is Jörg Hanken, Transfer Pricing Partner, Global Head of TP Technology Solutions, PwC AG and Head of the ICV expert work groups Transfer Pricing Management present the topic “Operative Transfer Pricing Management – field report on the high efficient software solution”. All speeches at the Congress, in cluding those in the topic centers, are in German. The Controller Congress of the International Controller Association ICV is leading controlling conference in central Europe. With excellent reputation it's a meeting place for Who's Who of the European Controlling-Community.

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10th INTERNATIONAL CONTROLLER CONGRESS, POLAND

Controlling in the time of virtual industry revolution – Change · Impulse · Chances
Prof. Dr. Karsten Oehler, Marco Wolfrum, Dr. Walter Schmidt, Dr. Herwig Friedag, mag. oec. Romana Petricevic and Robert Beckenbauer are international speakers of the anniversary 10th International Controller Congress in Poland. On May 19/20, 2016 the event Controlling Intelligence Adventure takes place - for the first time in Warsaw, not in Poznan. The organizers put in focus four important areas: active controlling to support management of smart production, trade and services; management by objectives for Open Workforce; new role of controller in dynamic external and internal changes and continuous improvement of controlling efficiency. The agenda and travel information are published on the Homepage. The congress with guests from abroad will be translated into English (all speeches).

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SAVE THE DATE

ICV General Meeting 2016 on April, 24th
The annual general meeting of ICV will take place on Sunday, April, 24th, in Munich. Amongst other things on the agenda the board of trustees will be elected. Invitation & agenda are online in the protected members area of the ICV website.

ICV website
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CONTROLLING – NEWCOMER AWARD

4,050 EUR waiting for young controllers!
The objectives of the “Controlling Newcomer Award” are the promotion of young academics in the field of Controlling and the transfer of innovative and practicable ideas from the university environment to the practice of Controlling where they can be applied by a large number of professional Controllers. Don’t miss the chance and submit by April 30, 2016! Prizes are awarded for diploma and master theses or exceptional bachelor theses that discuss Controlling innovations or the practical application of classical Controlling issues. Papers submitted at any European university after April 30, 2014 are accepted for the award. The jury consisting of controlling practitioners and university representatives will make their final decision based on a combination of scientific value, degree of innovation and the d eductibility of implications for the practice of Controlling. The Controlling Newcomer Award will be awarded on Saturday, November 12, 2016 at the CIB in Berlin. (Picture: Newcomer award winners 2015)

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NEW ICV CORPORATE MEMBERS

Corporate membership – access to our international controlling community
The International Controller Association is happy about new corporate members! Since the beginning of the year we’ve welcome: Welser Profile Austria GmbH from Ybbsitz (Austria), specialist in custom profile solutions made of steel, stainless steel and nonferrous metals; Winkels Getränke Logistik GmbH & Co. Holding KG from Sachsenheim (Germany), traditional company run by a family, service provider and producer in the beverage industry; WITTENSTEIN AG, specialist in mechatronic drive technology with headquarters in Igersheim (Germany); IFA-ROTORION Holding GmbH, market leader in the field of driveshafts for automotive; T-Systems Schweiz AG; The Hackett Group GmbH in Frankfurt/Main – German branch in the international strategy advisory company with headquarters in Miami; TimoCom Soft- und Hardware GmbH fr om Erkrath, active in Europe IT service provider for transport and logistics industry and Swiss Life AG. With the corporate membership companies gather comprehensive professional education opportunities on current issues, through knowledge sharing at our conferences, via our print and online media and thanks to personal contacts in the regional work groups as well as the sector and expert work groups.

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SURVEY BY EY’S FINANCIAL ACCOUNTING AND ADVISORY SERVICES (FAAS)

CFOs concerned about effectiveness of corporate reporting
CFOs are losing confidence in corporate reporting and its effectiveness, as pressure from audit committees, the complexity of implementing new reporting requirements and reporting overload affect performance, according to the annual survey by EY’s Financial Accounting and Advisory Services (FAAS). Only 55% are confident in the degree of compliance, compared with 84% last year. Also declining is the consistency in the application of key performance indicators, at 44%, compared to 66% in 2014; less than half (45%) feel confident in the clarity and relevance of messages, down from 67% in 2014. Also CFOs’ view of the effectiveness of the cost of corporate reporting has fallen significantly year-on-year. “Corporate reporting needs to be all things to all people — relevant, timely and cost effective. CFOs nee d to step back and evaluate what they are producing and address concerns over confidence and effectiveness quickly. To delay means that the timeliness and accuracy of reporting will continue to affect performance. Corporate reporting will only serve its intended purpose if the CFO is confident of its value” – says Peter Wollmert, EY Global and EMEIA FAAS Leader.

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EUROPEAN PRIVATE EQUITY OUTLOOK 2016

Cautious optimism in the private equity industry
The continued availability of inexpensive debt financing and positive sentiment concerning the overall economic situation in Europe serve to roll the cautiously optimistic mood in the private equity (PE) industry over into 2016. Almost two thirds (64%) of companies anticipate more M&A transactions with PE involvement, especially in Germany, Iberia and Italy. Growing numbers of PE managers also think that their industry is back to being as robust as it was before the financial crisis. Nevertheless, 40 percent of firms believe their business model still needs adaptation and improvement. These are the key findings of the "European Private Equity Outlook 2016", for which the experts from Roland Berger conducted a poll of industry professionals, as in previous years.

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KPMG SURVEY

Top concerns for private company Directors
Private-company directors say they are concerned most about risk management oversight, assessing innovation and their competitors. In the KPMG survey report, 54% of directors polled said their board would like to hear more about financial risk management with many now looking to technological advancements to help keep themselves better informed. Over a third of the private company directors surveyed said budget constraints were the greatest challenge to board effectiveness, while more than one in four of them said their boards face conflicts of interest, including the presence of related parties, while 25% of respondents said their board had an over-representation of controlling shareholders. In addition, the directors acknowledge that big data and analytical tools will improve boardroom decisions by he lping to spot trends in company data (41%) and support management in allocating resources (38%), as well as helping with internal audit and risk management (36%).

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FUTURE OF COMPANIES

Machines instead of people in finance?
As www.cfo.com writes, every year machines can do more than the year before. Count, write, communicate – and they are slowly starting to think! AlphaGo, a program by Google, has already once won a Go game – it’s a milestone in building the artificial intelligence (AI). And if the winning of the machine continues, it means, that the goal to build AI will be achieved a decade faster than predicted. AI could be used not only in entertainment and playing games. We’re getting close to the point where various forms of AI could take over some routine activities at work – and make much less mistakes than people!

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SAVE THE DATE!

Current topics and dates from the ICV
The schedule of topics and upcoming dates of controlling conferences and controller's meetings can be found online on the ICV website.

More about ICV EVENTS
More about WORK GROUP MEETINGS
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Edited by:
Anna Wlodarczyk, ICV Poland, Poznan;
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