News
Future of the profession: ‘Business partnering is the gateway to adding value’
Management accountants now have an expanded role as business partners — a shift accelerated by digitalisation.Building cyber-resilience
The digital age has opened up opportunities for accounting and finance professionals, but it also exposes organisations to risks, including the danger of cybersecurity breaches.Changing roles: CFOs in Asia-Pacific grapple with ESG
CFOs in a Deloitte report say their jobs are changing as their role in climate action becomes more prominent.BI tools: Power Query, Power Pivot, and Power BI
Excel MVP Liam Bastick introduces three business intelligence tools and provides an applied example using Power Query.IESBA approves exposure draft, shares 3-year work plan
Also, Charles Tilley, the former chief executive of CIMA, is honoured by IFAC.Minimum effective tax rate comes into force in EU member states
The 15% rate applies to multinational companies active in EU member states; the European Commission says Pillar Two rules limit a ‘race to the bottom’ in tax rates.Employees ‘unsure’ of company ethics guidelines for AI
Emerging technologies continue to divide opinion, says a global report, with employees simultaneously seeing potential for social good and ethics missteps.IOSCO finalises recommendations for decentralised finance
Also, the UK FRC shares its latest findings on audit inspections.ISSB provides resources to help apply sustainability standards
The resources, which include enhancements to SASB standards, are designed to help companies apply global standards IFRS S1 and IFRS S2 that go into effect in 2024.Tips for leading with integrity from an engineer turned finance director
A finance director offers advice for aspiring leaders on the fundamentals of being resilient, determining strengths, and how to champion your team.6 ways to future-proof your career in an AI world
Focus your efforts on what AI cannot do, keep your skills fresh, and stay informed about your own and adjacent sectors.COP28’s ‘historic’ agreement; IFAC focuses on sustainability
Nearly 200 countries commit to moving away from fossil fuels. IFAC issues standards revision plans, and the UK and Switzerland approve an audit qualification agreement.UK outlook: Lingering economic uncertainty slows hiring
Slow recruitment activity across the UK during November drives quickest rise in candidates since the end of 2020.Shifting patterns: The global art market
Art-based NFTs are increasingly sold on secondary markets, while experts anticipate growth of direct artist-to-customer sales through online channels.New IAASB standard addresses audits of smaller entities
The standard will provide a global baseline for reasonable assurance over disclosures made by less complex businesses and organisations.Value-based pricing: Finance’s implementation role
Management accountants have a substantial role in working with sales, marketing, and pricing executives across the business to introduce value-based pricing.More finance executives hesitate to hire amidst economic concerns
Pessimism about the US economy rises in the latest quarterly Business and Industry Economic Survey, fuelling a slowdown in hiring even as decision-makers remain cautiously optimistic about their own companies.UK public sector organisations often fail to measure productivity
New research from AICPA & CIMA finds that private sector finance professionals are more likely to track their organisations’ productivity than those in the public sector.COP28 declaration highlights commitment to global climate reporting
AICPA & CIMA are among nearly 400 organizations declaring support of the IFRS Foundation’s efforts to create a global baseline for sustainability reporting.
Read the latest FM digital edition, exclusively for CIMA members and AICPA members who hold the CGMA designation.