article thumbnail

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
article thumbnail

The Changing Role of CFOs in a Technology-Driven World

Bramasol

This blog post provides an overview of these major waves of change based Bramasol's more than 27 years of working closely with CFOs and their stakeholders across many industry segments and technology innovation cycles. IFRS S2 sets out specific climate-related disclosures and is designed to be used with IFRS S1. 

IFRS 94
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

Four Key Technology Trends to Watch in 2024

Bramasol

In addition, a s detailed in this previous blog post, SAP's RISE and GROW initiatives are key enabling technologies for helping companies migrate to S/4HANA in the cloud. From an enterprise perspective, the adoption of new Gen-AI applications has triggered a flood of new initiatives and investment. According to McKinsey & Company.

article thumbnail

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
article thumbnail

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. Building momentum with transition finance Lim believes businesses must assess quantitative thresholds based on national taxonomies for projects depending on their location. "It

Finance 52
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. Companies like Google and Amazon are investing heavily in AI R&D to customize models for their needs. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC.

Finance 95
article thumbnail

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. It’s always a challenge when you start to implement a new technology,” Ramon concedes.