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The company’s CBAM obligations and purchased certificates have to be accounted for in accordance with global accountingstandards like the IFRS or US GAAP. CBAM compliance also requires the purchase, management, and surrender of CBAM certificates.
Enhanced Compliance : Facilitates adherence to accountingstandards and regulations, reducing the risk of non-compliance and associated penalties. Better Insights : Provides deeper insights into revenue metrics and performance, supporting better decision-making and strategicplanning.
The conversation about the underinvestment in intangible assets in South Africa, and the challenges of accounting for these assets (due to subjective accounting treatments), directly impacts how CFOs approach financial reporting. IFRS, US GAAP). The interview highlights how companies that invest more in intangible assets (e.g.,
So that you will eventually have the CFO focusing on three reporting areas, the traditional IFRS, then secondly, business efficiencies, and then because of the difficult economic circumstances we are in, the only way that you can still maintain the bottom line is through better efficiencies.
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