Remove Auditing Remove Currencies Remove IFRS
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The Role of IFRS in Simplifying Cross-Border Financial Reporting 

CFO Talks

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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From Jo’burg to Jakarta: The CFO’s Passport to Global Control

CFO Talks

IFRS, local GAAP)? Are there statutory audit requirements? What are the filing deadlines, documentation standards, and audit tolerances? Cash Flow and Currency Risk Cash doesn’t move freely across all borders. Don’t wait for external audits to uncover issues. Set up a robust communication and reporting cadence.

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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

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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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SAP Cloud ERP Gives Software & SaaS Companies a One-Stop Transformation Solution

Bramasol

Revenue Recognition Compliance: Navigating ASC 606 / IFRS 15 rules for multi-element arrangements and variable consideration. Operational Scalability Multi-Entity and Global Expansion: Managing multiple subsidiaries, currencies, tax jurisdictions, and transfer pricing. Audit Readiness: Growing need for internal controls (e.g.,

SAP
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Relieving the Pain of Year-End Close and Reporting

Planful

Then we would key the numbers into a spreadsheet and perform the currency translations there. (I The financial close is an iterative process that typically requires many steps: Collecting financial results from multiple systems, divisions, subsidiaries – often with different charts of accounts, currencies, and business practices.

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What is the Financial Consolidation Process in the Accounting World?

Planful

GAAP or International Financial Reporting Standards (IFRS). This includes the following: Foreign currency translation. Undetected errors can occur and spreadsheets don’t provide adequate audit trails regarding changes to financial results in the process. Reporting results to internal and external stakeholders.