News
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.Navigating an uncertain 2024 — and beyond
Finance can stay prepared for a potentially bumpy 2024 by focusing on controllable factors, being agile, and carefully managing cash, capital, and expenses.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.
Read the latest FM digital edition, exclusively for CIMA members and AICPA members who hold the CGMA designation.