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IFRS 17 challenges: Disrupting business as usual

Future CFO

One of the major IFRS 17 challenges is that it’s disrupting business as usual for insurers. According to a WTW IRS 17 survey, there are major post-implementation challenges that insurers still need to overcome after reporting their half-year 2023 results under IFRS 17 for the first time.

IFRS 52
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IFRS 17: Huge work required before delivery success

Future CFO

Insurers have reported that there is still a huge amount of work to complete in order to successfully deliver IFRS 17 ahead of the 2023 deadline, said WTW recently. According to WTW’s latest survey, entitled ‘IFRS 17: Will we make it?’, insurers report material progress has been made since WTW’s previous IFRS 17 poll in 2021.

IFRS 52
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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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Four Key Technology Trends to Watch in 2024

Bramasol

This includes understanding the scope of the migration, identifying the resources needed, and developing a migration plan. Develop a migration plan : Businesses need to develop a detailed migration plan that includes a timeline, a risk assessment, and a contingency plan. According to McKinsey & Company.

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Stronger momentum needed for sustainable financing in Southeast Asia

Future CFO

According to the Monetary Authority of Singapore, US$200 billion of green investment is required annually for Southeast Asia till 2030 to meet its net zero commitment. Lim explains that an implementable climate transition plan would mean that it is sufficiently robust to deliver on the said ambition. "It

Finance 52
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Family Office Financial Management

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Financial governance allows your organization to meet compliance requirements, such as IFRS and GAAP updates, by having the right financial controls in place. Investing in multiple asset classes and across multiple entities can be complex if the right systems aren’t in place.

GAAP 116
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Turning challenges into opportunities: being a financial controller in 2024

Future CFO

As for the interesting parts of the role, Celina Leonardo , senior director of corporate finance & strategic investment at Super Magnificent Coffee Company Pte. Proficiency in representing various business functions and offering a balanced perspective on risks and opportunities is crucial for smooth planning amid volatile markets.”