Non-US firms are shrewd accounting standards shoppers
CFO Dive
JULY 8, 2025
Since 2007 more foreign private issuers have opted to use IFRS accounting standards when filing U.S. financial reports, a Hebrew University of Jerusalem study found.
Accounting CFO IFRS 
Cross-Listed Companies, Navigating International Reporting Standards
CFO Talks
NOVEMBER 20, 2024
For example, while South African companies follow International Financial Reporting Standards (IFRS), the US requires compliance with its Generally Accepted Accounting Principles (GAAP). IFRS is principles-based and allows for some judgment in financial reporting, while GAAP is more rigid, rules-based, and less forgiving.
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The Role of IFRS in Simplifying Cross-Border Financial Reporting In todays interconnected world, businesses are no longer confined by borders. This is where International Financial Reporting Standards (IFRS) come into play. But what does it really mean to be IFRS-compliant? What is IFRS Compliance? Why is it important?
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PodChats for FutureCFO: Succeeding as a finance professional in the AI era
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As Asia's finance leaders navigate an era defined by artificial intelligence, evolving ESG mandates , and data-driven decision-making, the role of the CFO is no longer confined to stewardship—it is increasingly strategic. This underscores the growing expectation for accountants to ensure accuracy and transparency in non-financial reporting.
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Financial Information Systems help businesses automate compliance checks, ensuring they meet regulations such as International Financial Reporting Standards (IFRS 17) and tax laws. This means decisions can be made quickly, without waiting for accountants to prepare reports.
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Global standards such as IFRS, IFRS for SMEs, and emerging sustainability frameworks have become the common language of credibility. For a CFO, fluency in that language is no longer optional. As a CFO, youre not just signing off on spreadsheets. IFRS evolves. And thats exactly what the modern CFO is here to do.
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But in the back of your mind, you know the hard work starts now, because you, as CFO, are the one who must bring order to financial chaos in a world that speaks many accounting languages, follows different rules, and operates on different calendars. Welcome to cross-border CFOing. IFRS, local GAAP)? Never assume.
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Its not merely numbers on a page but its the heartbeat of accountability and the foundation of trust with external stakeholders, particularly investors. In 2014, an accounting error resulted in the company overstating its income by R849 million. Heres why CFOs should consider this transformation: 1. A solution?
Your Career’s Not Capped, But It Might Be Flatlining!
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Most CFOs didnt land the role by chance. But the CFO role isnt static, and standing still is the fastest way to become irrelevant. But being a modern CFO means becoming a strategist and not just a scorekeeper. Read less about accounting trends and more about human psychology, influence, and communication.
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Harmonising financial reporting and compliance Finding the balance between financial reporting and compliance across multiple jurisdictions, while trying to comply to global standards such US GAAP and IFRS with local tax regimes and regulatory requirements without overburdening local teams can be such a huge task for many organisations.
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Follow standard accounting rules In most industries, this means using IFRS (International Financial Reporting Standards) or IFRS for SME (International Financial Reporting Standard for Small and Medium-sized Entities) to prepare financial statements.
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David Wray: Navigating ESG, Sustainability, and the Evolving Role of CFOs In a recent CFO Club podcast episode, Nicolas van Wyk had an insightful discussion with David Wray, a seasoned CFO and expert on ESG (Environmental, Social, and Governance). It’s Nicolaas van Wyk hosting another session for CFO Club.
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AUGUST 4, 2025
Niva Bupa Health's CFO, Vishwanath Mahendra, attributes the Q1 net loss increase to accounting changes aligning with IFRS. The CFO also highlights changes in Gross Written Premium (GWP) accounting affecting claims ratio comparisons.
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Skip to main content Dont miss tomorrows CFO industry news Let CFO Dives free newsletter keep you informed, straight from your inbox. To manage this new financial liability, there are six steps that every CFO should take to prepare. You can unsubscribe at anytime.
The fundamentals of IFRS 5
Future CFO
APRIL 17, 2022
Financial reporting specialist and lecturer Adam Deller explains the basic principles of IFRS 5, 'Non-Current Assets Held for Sale and Discontinued Operations'. The post The fundamentals of IFRS 5 appeared first on FutureCFO.
The fundamentals of IFRS 16
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Financial reporting specialist and lecturer Adam Deller explains the basic principles of IFRS 16, Leases. The post The fundamentals of IFRS 16 appeared first on FutureCFO.
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Navigating IFRS , Key Updates and Changes Introduction In today’s fast-paced financial world, staying up to date with the latest International Financial Reporting Standards (IFRS) is critical for CFOs. IFRS 16 Leases: Impact on Balance Sheets IFRS 16 has changed the way leases are recorded on balance sheets.
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IFRS 17 will change insurers' reported earnings and equity as it alters their profit recognition patterns and measurement of liabilities, while not directly affecting insurers' creditworthiness, said Moody's recently. The post IFRS 17 won't directly affect insurers' creditworthiness appeared first on FutureCFO.
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Insurers have reported that there is still a huge amount of work to complete in order to successfully deliver IFRS 17 ahead of the 2023 deadline, said WTW recently. According to WTW’s latest survey, entitled ‘IFRS 17: Will we make it?’, insurers report material progress has been made since WTW’s previous IFRS 17 poll in 2021.
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IFRS 16, published by the International Accounting Standards Board (IABS), came into effect on January 1, 2019. In an effort to boost transparency, IFRS 16 eliminates the distinction between finance leases, which were previously capitalized on corporate balance sheets, and operating leases, which were not.
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Why Maake believes Treasury was right A core point of Maake’s argument is that State Owned Companies (SOCs) like Eskom are expected to not only adhere to IFRS and the Companies Act, but also the PFMA. All these elements are covered under IFRS. But there must be an alternative way of making management to be accountable.”
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Family Office Financial Management
https://trustedcfosolutions.com/feed/
FEBRUARY 18, 2022
Choosing the right accounting software is important. Financial governance allows your organization to meet compliance requirements, such as IFRS and GAAP updates, by having the right financial controls in place. However, there are exceptional cloud accounting software programs that can take that complexity and make it simple.
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1X ‘ It’s not how well you talk, it’s about the work you put in’ Welcome to the CFO Club Africa podcast, where we interview leading CFOs from Africa and beyond. and join our community of accounting and finance executives. Ehsaan is a Chartered Accountant. Go to www.cfoclub.co.za billion industrial complex in Johannesburg.
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