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The Changing Role of CFOs in a Technology-Driven World

Bramasol

Driven by sweeping changes such as digital transformation, globalization of markets, the subscription-based Digital Solutions Economy™ (DSE), carbon-accounting mandates, a rising emphasis on artificial intelligence, and other disruptive trends, the role of Chief Financial Officer (CFO) is undergoing radical transformation too.

IFRS 95
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IFRS 17: South Korean insurer implements a computing platform for compliance

Future CFO

South Korea life insurance firm Kyobo Life has implemented a high-performance computing platform for IFRS 17 and K-ICS financial reporting compliance, said AON recently. The post IFRS 17: South Korean insurer implements a computing platform for compliance appeared first on FutureCFO.

IFRS 40
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34 Competencies required to become a CFO(SA)

CFO Talks

Due to this unique position, we need to ensure that the Finance Executive that earns our acclaimed CFO(SA) designation , is ready for the future of finance. In developing the CFO(SA) designation, we identified 34 competencies and four pillars that the Modern CFO needs to fulfill to excel in their leadership position.

CFO 52
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IBM Cognos Controller: Financial close management managed by the office of finance

Future CFO

It enables finance teams to automate and accelerate the financial close with minimal IT support. It also helps finance teams deliver financial results, create informative financial and management reports, and provide the chief financial officer (CFO) with an enterprise view of key financial ratios and metrics.

Finance 52
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Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. As AI permeates finance, questions about its compliance with audits and financial governance will arise. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Finance 95
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The most and least complex jurisdictions for financial compliance in APAC

Future CFO

China is the most complex jurisdiction for financial compliance in Asia Pacific while Hong Kong is the easiest, said TMF Group recently. Many jurisdictions are moving towards international accounting standards such as International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP).

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Turning challenges into opportunities: being a financial controller in 2024

Future CFO

As the person responsible for preparing an organisation’s financial reports, which include balance sheets and income statements, the role of a finance controller is anything but ordinary.