News
IFAC guide helps smaller firms monitor quality management systems
The final part of an International Federation of Accountants publication addresses the monitoring of QM systems and related remediation.Financial controllers brace for significant changes
A global report from EY found that 86% of financial controllers expect their jobs to change “significantly”, and more than one-fourth say their roles will demand completely different skills in the next five years.IFRS issues sustainability standard guidance
Also, the UK’s FRC announced a revised insurance sector standard.IAASB approves new global sustainability assurance standard
ISSA 5000 is set to replace ISAE 3000 (Revised) as the preferred framework for providing assurance of sustainability standards.Value creation: CFOs positioned to lead in digital transformation
To stay competitive, CFOs should consider six initiatives, including a strategic approach to risk management, to accelerate growth in an uncertain future.Data privacy and FP&A are top concerns for finance chiefs
Data privacy and FP&A top CFOs’ priorities for the coming year, according to a new survey report from Protiviti.Common management reporting mistakes to avoid
Failures in the timeliness, usefulness, and visualisation of data when preparing information for decision-makers can undermine organisational success.IASB proposes amendments to investments standard
Also, the Global Reporting Initiative expands sustainability training opportunities, and IFAC addresses the role of accountants in emerging economies.Rising risk: The global picture
Misinformation and disinformation emerge as a top short-term risk alongside extreme weather events, societal polarisation, and cyber insecurity, a survey found.Digital payments: Technologies, trends, and tips for finance
As digital payment technology continues to transform, finance leaders can focus on four areas to maximise its potential.Australia passes climate reporting act
Also, the FRC issues revised UK and Ireland accounting standards.Sustainability disclosures: Many UK companies make restatements
Nearly half of FTSE 100 companies restated sustainability disclosures this year, predominantly related to discrepancies in greenhouse gas metrics.Pay and recruitment fall again as economic uncertainty lingers
Employers proceed with a hesitant approach to hiring as business confidence continues to fluctuate, according to a monthly report from KPMG and the REC.7 things to consider before (and during) a holiday from work
To make the most of a holiday from work, prepare a task list, communicate with stakeholders, and develop an action plan if things go wrong while you’re away.IESBA updates audit guidance for public interest entities
Also, the FRC reviews the quality of IFRS 17 reporting.Decline in US economic and organisational optimism among finance leaders
US finance decision-makers in a quarterly survey say they have concerns on several fronts, including continuing worries about a recession. Revenue and profit projections are lower.IASB opens consultation on proposed taxonomy update
Also, the IAASB issues guidance for the application of the International Standard on Auditing.The role of managing age diversity in the workplace
Organisations should consider addressing management practices and age-inclusion policies to retain talent across generations.How Excel builds on basic principles to assist forecasting
Understand how to calculate an implied growth rate, and then use the Forecast Sheet button in Excel for objective forecasting.
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