Remove Auditing Remove Budgeting Remove IFRS
article thumbnail

Reporting Rules That Make or Break Your Reputation

CFO Talks

Global standards such as IFRS, IFRS for SMEs, and emerging sustainability frameworks have become the common language of credibility. Its not just about avoiding penalties or surviving the audit. Theyve attended the training sessions and can quote the key principles of IFRS. Its a lens into the organisations future.

article thumbnail

Financial Reports That Don’t Age Like Milk: The Power of Real-Time Data 

CFO Talks

Financial Information Systems help businesses automate compliance checks, ensuring they meet regulations such as International Financial Reporting Standards (IFRS 17) and tax laws. These systems automatically flag discrepancies, reducing the chance of financial penalties and improving audit readiness.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Future-proofing the finance infrastructure

Future CFO

Oleg Kozlov , head of internal audit at Modern Mills Company , discusses how CFOs traverse multi-jurisdictional finance challenges in 2025. Kozlov recounts to his experience, saying he has seen local teams frequently overburdened by maintaining multiple sets of books, such as IFRS, US GAAP, local tax. "To

article thumbnail

David Wray: Navigating ESG, Sustainability, and the Evolving Role of CFOs

CFO Talks

1 is, of course, the traditional route, which a lot of people follow and go through one of the accounting firms, and, typically, they go through audit related activities. Audit never interested me all that much, so it wasn’t a route I was particularly excited about. How do I audit this thing? I must be honest.

CFO
article thumbnail

The 6 things every CFO should do to prepare for CBAM

CFO Dive

Ensure auditable reporting and compliance The CFO needs to work with other functions like corporate financial reporting, regulatory compliance, tax, treasury, and legal to ensure timely, auditable reporting and financial accounting. The CFO should ensure their team is fully enabled and incentivized to collect actual emissions data.

CFO
article thumbnail

Making the Business Case for Cloud-Based Planning and Reporting

Planful

Reducing Reliance on Spreadsheets for Budgeting, Planning, and Reporting. The key challenges in using spreadsheets and email for budgeting and planning: Too much manual work – the process takes too long. Lack of security sending budgeting spreadsheets via email. Not being compliant with US GAAP or IFRS. Lack of security.

article thumbnail

The 5 Best Financial Reporting Software to Enhance the Productivity of CFO

Spreadym

Report Generation: The ability to create a wide range of financial reports, such as income statements, balance sheets, cash flow statements, budget vs. actual reports, and more. Audit Trail: A record of changes made to financial data and reports, ensuring transparency and accountability.