article thumbnail

Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

This technology offers unprecedented rewards, but it also presents new risks that we all must navigate. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Finance 95
article thumbnail

A Fresh Look at Ongoing ESG and Carbon Accounting Developments

Bramasol

From a global perspective, the International Sustainability Standards Board (ISSB), which was established by the IFRS in November 2021 at COP26 in Glasgow, has issued its first two standards. IFRS S1 requires companies to communicate the sustainability risks and opportunities they face over the short, medium, and long term.

IFRS 87
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

TEST Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

This technology offers unprecedented rewards, but it also presents new risks that we all must navigate. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Finance 52
article thumbnail

China and Vietnam: the most complex countries in Asia-Pacific for accounting and tax

Future CFO

Of note for APAC CFOs are findings including: Mandatory electronic transaction reporting in just 15% of jurisdictions regionally, despite COVID-19 swiftly advancing e-filing and e-reporting technology.

article thumbnail

Are You Ready for "Carbon Accounting"  Compliance?

Bramasol

While these reports represented an important element for communicating a company's corporate-citizenship vision and were also positive public relations initiatives, for the most part they did not contain a lot of hard, auditable data. In the area of climate change, this is often referred to as "carbon accounting".

article thumbnail

Turning challenges into opportunities: being a financial controller in 2024

Future CFO

As they assist in compliance audits and the monitoring of internal controls to ensure that everyone within the company does their job correctly, they are also expected to thrive and flourish amid the challenges along the way for the benefit of the organisation.

article thumbnail

Standards for Carbon Accounting are Beginning to Take Shape

Bramasol

Certain climate-related financial statement metrics and related disclosures in a note to its audited financial statements; and ? ISSB was established by the IFRS Foundation in response to the Glasgow COP 26 conference in November 2021. Information about climate-related targets and goals, and transition plan, if any.