News
IFRS and EFRAG release interoperability guidance for companies
Also, the ISSB publishes sustainability taxonomy to support companies and investors.ChatGPT: Use cases and limits to its reliability
AI chatbot ChatGPT can be a useful tool, and by understanding how it works — and its flaws and limits — you can develop a reputation with AI that will enhance your career.To bolster employee wellbeing, employers must look inward
New research from Oxford University found that employees do not engage with individual-level wellness interventions. The researcher behind the study says companies should focus on how they plan to improve jobs first.Why fraud temptation arises and how to mitigate risks
Employers can address internal fraud risk by understanding the fraud triangle — three factors that when present increase the likelihood that fraud occurs.IFAC proposes ‘future-fit’ enhancements to education standards
ISSB begins work on biodiversity project; IASB starts review on accounting for intangibles.Sustainable growth: The answer to the automation equation?
Accounting and finance professionals who embrace finance business partnering remain more optimistic about the profession, new AICPA & CIMA research shows.GMAP 2.0: Guidance for a new era released in China
The second edition of the Global Management Accounting Principles, which incorporate recent developments from ongoing research in the profession, are available in Chinese for AICPA & CIMA members.Despite barriers, smaller companies make big strides in sustainability
Insufficient funding for climate action can be an obstacle for small and medium-size enterprises, but the commitment worldwide to find a way continues to grow.4 considerations for finance teams about gen AI
Finance teams should understand generative AI’s business, finance, and accounting potential, be aware of areas of deployment, and consider the need for training and development plans.Strategies for advancing to the C-suite
Expanding your skillset and keeping an open mind to new opportunities can pave the pathway to top leadership roles.IPSASB publishes proposed amendments to IFRIC interpretations
Also, IESBA, the IAASB, and IOSCO unveil their work plans and strategies for improving corporate reporting and governance.Global ethics standards on tax planning released
IESBA’s standards, set to take effect in July 2025, are intended to strengthen the ethical framework that guides professional accountants providing tax planning services.IFAC highlights key areas for sustainability upskilling
Also, the IAASB launched a video series to help stakeholders understand the proposed changes to the fraud standard.Are you and your finance team fully embracing technology?
Finance leaders can ask themselves series of questions — on strategy, collaboration, processes, and extracting insights — to be empowered with technology.Business optimism on the rise for UK CFOs
Finance leaders in a quarterly survey have a brighter outlook, but ongoing geopolitical uncertainty is one challenge that has many taking a defensive stance.New IFRS standard aims to improve corporate reporting
IFRS 18, Presentation and Disclosure in Financial Statements, is effective for annual reporting periods beginning on or after 1 January 2027.Recruitment falls as employers continue to cut costs
Slow hiring rates in the UK have led to the sharpest rise in candidates in four months, according to a monthly report by KPMG and the REC.Advice to support neurodiversity at work
A recent survey in the UK found that only 38% of employees say their organisation provides meaningful support for neurodivergent colleagues.IPSASB proposes amendments to assets standard
Also, the UKEB seeks UK stakeholders’ views on a recent exposure draft from the IASB, and the EU’s new “due diligence” rules address firms’ impacts on human rights and the environment.
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