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TNFD Releases Final Recommendations on Nature-Related Risk Management

Future CFO

18 released its final recommendations on nature-related risk management and disclosure, aligned with existing Global Reporting Initiative (GRI) and International Financial Reporting Standards (IFRS) and Kunming-Montreal Biodiversity Framework requirements. The Taskforce on Nature-related Financial Disclosures on Sept.

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Hedge Accounting: 3 Key Benefits of IFRS 9

Reval

IFRS 9 is changing hedge accounting forever. Companies in the European Union have only begun to kick off their IFRS 9 initiatives since the European Commission endorsed the standard in November 2016. IFRS 9 Advantages in a Nutshell. Finance professionals had to hedge for all risks, rather than for just the aluminum component.

IFRS 52
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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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The future of sustainability reporting

Future CFO

Ernst & Young 's Climate Risk Disclosure Barometer, which seeks to identify the trends, opportunities, and key issues facing businesses in relation to climate change, dives deep into the key elements impacting climate-related reports in the coming years.

IFRS 52
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Climate-related disclosures prototype

CFO Talks

From IAS Plus : The IFRS Foundation has released a climate-related disclosures prototype that is the proposal of the Technical Readiness Working Group (TRWG) for the first thematic standard of the ISSB. Risk- management. The TRWG was created in March 2021 to facilitate a running start of the ISSB. Governance. Read more here.

IFRS 73
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Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. Training, like CFO.University’s Introduction to Risk Management , and awareness programs will also become crucial to help employees understand how to use these AI tools responsibly and effectively.

Finance 95
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EY: Southeast Asia businesses fall short on climate strategy

Future CFO

Data-driven carbon agenda: Data should not be siloed but should be connected and integrated into risk management and used to drive carbon reduction.

IFRS 52