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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
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Accounting for Innovation: R&D Costs Explained

Embark With Us

✅ Prototype development : Design, construction, and testing of models. If an entity acquires or constructs a tangible asset for use in R&D, but it has no alternative use beyond the specific project it was built for, the cost is expensed immediately. Concept development : Formulating potential products or processes.

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Ehsaan Moosa on load shedding and market volatility

CFO Talks

Komatsu supplies mining, construction, earthmoving and utility equipment all industries especially hard hit by power cuts. In particular, mining and quarrying, and construction saw negative economic growth for 2022. I learnt a lot of the key skills I need in the auditing profession.

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204: Ehsaan Moosa

CFO Talks

Komatsu Africa supplies mining, construction, earthmoving and utility equipment in Southern Africa. Before joining Komatsu, he was a Senior Manager at KPMG in South Africa and he was responsible for several large audit clients. Ehsaan, I’ve seen many of Komatsu’s excavators, bulldozers and dump trucks at mining and construction sites.

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Navigating South Africa’s Reporting Maze: What Every CFO Needs to Know

CFO Talks

These include the Companies Act, the Tax Administration Act, the Financial Sector Regulation Act, and the International Financial Reporting Standards (IFRS), among others. These statements must be audited or independently reviewed, depending on the company’s public interest score.

CFO
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Modernising finance reporting in support of ESG

Future CFO

To thrive in this evolving regulatory landscape, CFOs must expand their function’s operating models beyond financial statements and construct a more holistic view of their organisation’s sources of value — one that measures and monetises financial and nonfinancial capital. Clearly, CFOs and the finance function have a big role to play here.

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Building Robust IT Systems for Financial Reporting

CFO Talks

Regular Updates and System Audits Technology changes fast and staying up-to-date is crucial for maintaining system security and efficiency. A retail business with an online store may regularly audit its IT system to ensure that financial transactions from online sales are being accurately captured and reflected in the financial statements.