News
Key report shows EU companies, investors support IFRS
Companies and investors in the European Union mostly support IFRS, according to a report adopted by the European Commission, but the report also identifies room to improve IFRS in some areas.IFRS business combinations standard review reveals need for further research
A post-implementation review generally supported the accounting requirements in IFRS 3, Business Combinations, but identified areas for further research.Going on leave doesn’t mean what it used to for connected CFOs
Summer holidays may be carefully planned and much anticipated, but professionals around the world are failing to take the opportunity to switch off and refresh, with implications for both their wellbeing and productivity.4 ways to better handle enterprise risk oversight
Surveys that focus on executives at small and midsize enterprises suggest that many organisations have begun to strengthen their processes to handle emerging enterprise risks, but only one-third of the enterprise risk oversight programmes in the rest of the world are mature.CFOs to counteroffers: Just say no
Retention should be more proactive than reactive, CFOs say, starting with a strong pay and benefits package but also including a transparent culture.More UK employees seek a job switch, and a majority want a “family feel” at work
More than half of UK workers prefer an organisation where managers emphasise mentoring over pure results, according to a new survey.Can the financial services industry stave off the next credit crisis?
Credit risk management has improved at financial services companies worldwide, but the lessons learned from the financial crisis of 2008 and the sovereign debt crisis that followed in the euro zone weren’t enough.OECD proposes to allow hindsight in evaluating transfer pricing of intangibles
The OECD’s discussion draft looks at the issue of arm’s-length pricing of intangible assets when the valuation of those assets is uncertain at the time of the transaction. It also explores special considerations for hard-to-value intangibles.US finance executives cool slightly about their own businesses
Optimists still outnumber pessimists by a wide margin, but overall sentiment amongst US finance executives in business and industry is flat compared to this time a year ago.6 capabilities of transformational leaders
Only 10% of leaders have the right blend of skills to lead transformational change in their company. A report by PwC discusses the attributes required and suggests steps companies can take to develop transformational capability within the organisation.UK companies still have work to do on ethics
High-profile scandals such as LIBOR and foreign exchange rigging have prompted authorities to introduce a raft of new regulations designed to raise ethical standards.6 ways to better manage reputational risk in international tax
Reputational risk has become a concern as new corporate tax reporting requirements and the rising exchange of tax information between countries are disclosing more details about a company’s tax affairs.5 success factors in a strong CFO-CIO relationship
CFOs see the importance of working more closely with chief information officers, but a knowledge gap sometimes gets in the way. A global survey shows that CFOs are paying more attention to the IT function than they did three years ago.IASB proposes changes to conceptual framework
The International Accounting Standards Board (IASB) on Thursday proposed changes to its conceptual framework, which provides a foundational underpinning for financial reporting under IFRS. In an exposure draft, Conceptual Framework for Financial Reporting, the IASB proposes changes that would include: A new chapter on measurement, describing appropriate measurement bases (historical4 steps to better manage global supply chain risks
The number of companies adopting a programme to detect and prevent supply-chain risks is increasing, but so are the instances of fraud, waste, or abuse that companies are experiencing in their supply chains, according to Deloitte research. To better manage these risks, companies can take four steps.Lessons from the cost transformation behind BT’s turnaround
Tony Chanmugam, FCMA, CGMA, became group finance director of British Telecom Group in 2008, during turbulent times for the company. Over the past six years, the group has undergone impressive growth. Chanmugam shares secrets of the transformation.Fraud and corruption viewed as widespread in fast-growing markets
Sixty-one per cent of workers in fast-growth markets believe that bribery and corruption are widespread in their country, according to an EY report focused on Europe, the Middle East, India, and Africa. With pressure on companies to find new pockets for revenue growth, fraud concerns remain high.Global insurers embrace link between risk management, business strategy
Almost three-fourths of global insurance companies say their leadership views risk management as having strategic value, according to a new survey by Towers Watson. The number of insurers satisfied with their ERM performance has increased since the previous survey two years ago.How to make international tax less challenging
CFOs and finance directors of multinational companies are facing increased international tax challenges, including heightened scrutiny from authorities focused on preventing tax avoidance. Here’s how to deal with the challenges.
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