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Delivering value beyond compliance with ESG reporting

Future CFO

Stephen Adams , director in the Gartner Finance practice, says: “ESG reporting is more widely watched than many CFOs realise. For example, he notes that the ISSB’s IFRS S1 and S2, which were issued in June 2023, fully incorporate the TCFD recommendations. This will improve consistency and comparability amongst organisations.

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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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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. AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals.

Finance 95
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How Complex Are Your Business Finances?

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Suppose your company finances are complicated and include multiple entities or locations. GAAP, IFRS, and cash base side by side for better visibility. Set spending limits to maintain budget compliance with Sage Intacct Spend Management. The post How Complex Are Your Business Finances? No two businesses are exactly alike.

Finance 104
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The Changing Role of CFOs in a Technology-Driven World

Bramasol

According to a PwC 2022 Global Digital CFO Survey , 73% of CFOs agree that digitalization of the finance function is a high priority and already 18.5% Globalization CFOs have long needed to assure compliance with two different standards-setting bodies. of the CFO’s time is devoted to digitalization.

IFRS 94
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A Fresh Look at Ongoing ESG and Carbon Accounting Developments

Bramasol

Global ESG Regulatory Requirements One of the major ESG compliance developments to watch is the US Securities and Exchange Commission (SEC) proposed regulation on Climate-Related Disclosures and ESG Investing. IFRS S1 requires companies to communicate the sustainability risks and opportunities they face over the short, medium, and long term.

IFRS 87
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Hedge Accounting: 3 Key Benefits of IFRS 9

Reval

IFRS 9 is changing hedge accounting forever. A recent Reval survey shows that 70% of finance teams say that they have or will implement new hedging strategies as a result of the new standard. IFRS 9 Advantages in a Nutshell. Finance professionals had to hedge for all risks, rather than for just the aluminum component.

IFRS 52