News
IASB publishes exposure draft on IAS 32 amendments
UK FRC publishes thematic review of audit sampling; UK government releases upskilling guidance for businesses.IMF chief demands end to ‘business as usual’ ahead of COP28
Carbon emissions need to fall 25% to 50% by 2030 rather than the 11% that existing pledges will amount to, according to IMF managing director Kristalina Georgieva.Cloud adoption paves the way for innovation, but concerns persist
Many leaders across the world see cloud computing as an innovation catalyst, but security concerns around these technologies could slow progress.Kenya to begin privatisation drive
The move to sell stakes in state-owned companies is aimed at “fiscal consolidation and spurring economic development”, Kenya’s finance ministry said.UK FRC: Few companies reported to a consistently high standard
The regulator’s annual review of corporate governance reporting highlights concerns and suggests areas for improvement.Want to change sector? Here’s what to consider
To move from one industry to another, understand your motivation, research the new industry, and analyse the additional skills required.Managing cyber risks to build resilience
Many CEOs believe their companies will not be economically viable in a decade from now if they don’t change the ways they use data, PwC’s Global Risk Survey finds.IFAC publishes sustainability guidance for SMEs
Also, the FRC publishes 2024 taxonomies and reviews IFRS 17 in company reports.Chinese companies still see promise in EU despite de-risking
Nine out of ten Chinese enterprises see more opportunities than challenges in the EU market in “green” and digital fields, according to a survey.CIMA president: ‘True leadership requires courage’
Sarah Ghosh discusses keys to creating a merit-based leadership structure during the 2023 AICPA & CIMA Women's Global Leadership Summit.ESG becomes top priority for finance leaders
A new global report shows that ESG considerations are top of mind for finance leaders and that technical debt is holding back companies’ plans to innovate.IFRS proposes accounting taxonomy changes
Also, IPSASB issues a benefit standard, and the UK FRC opens consultation on Actuarial Standard Technical Memorandum 1.EU watchdog sets out capital, liquidity rules for stablecoin issuers
The European Banking Authority has proposed minimum requirements for the reserve of assets that back stablecoins and other digitised tokens.Tax rates, uncertainty hold back the UK, AICPA & CIMA report says
A new report comparing other economies says that a high marginal tax rate in the UK acts as a disincentive to productivity.Accounting for sports — it’s more than a game
Management accountants in sport need to consider the fundamentals of performance measurement, analytics, revenue and expense recognition, taxation, and more.FRC calls for a ‘better, not more’ approach to annual reports
The UK Financial Reporting Council releases guidance to help companies produce annual reports that take a more strategic approach to assessing materiality.Global fund managers sharpen their bank scrutiny following 2023 crisis
Research shows that 80% of fund managers are looking to diversify their counterparties to mitigate the effects of banking crises.Forecast for 2024: Unprecedented, uneven year for generative AI
A research company offers perspective on how companies will implement the exponentially expanding technology and how GenAI will affect companies and customers alike.Finance leaders concerned about high-risk environment
More than two-thirds of leaders believe that the risks affecting their organisation are increasing in volume and complexity. The respondents in a new global survey said their organisation’s approach to risk management is struggling to keep pace, according to a new report by AICPA & CIMA and North Carolina State University.
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