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The Changing Role of CFOs in a Technology-Driven World

Bramasol

They are expected to provide financial leadership and insight into the organization's strategic direction. This involves not just managing financial data but also interpreting it to guide decision-making. Globalization CFOs have long needed to assure compliance with two different standards-setting bodies.

IFRS 95
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Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

For instance, could financial statements generated by ChatGPT withstand audit scrutiny? Whether ChatGPT applications could pass a SOC-1 audit, a crucial certification for control over financial reporting, remains to be seen. SEC filings, GAAP documentation, FASB accounting standards, IFRS standards, PCAOB, FINRA, etc.),

Finance 95
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TEST Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

For instance, could financial statements generated by ChatGPT withstand audit scrutiny? Whether ChatGPT applications could pass a SOC-1 audit, a crucial certification for control over financial reporting, remains to be seen. SEC filings, GAAP documentation, FASB accounting standards, IFRS standards, PCAOB, FINRA, etc.),

Finance 52
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Next Steps in Optimizing Lease Management to Go Beyond Compliance

Bramasol

In 2018, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) announced the release of new accounting standards, ASC 842 and IFRS 16, that redefined how organizations must account for leases.

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Standards for Carbon Accounting are Beginning to Take Shape

Bramasol

A subsequent blog post specifically addressed How Can Carbon Accounting Impact the Value of M&A Deals? From a global perspective, the International Sustainability Standards Board (ISSB) is also working on developing uniform financial reporting rules.