News
Are companies ready for generative AI?
Most European financial services companies in a survey expect the technology to make an impact in short order, but not nearly as many have shored up training plans.AICPA & CIMA, WBCSD release framework to improve engagement with strategy
The Integrated Performance Management framework is intended to build a “performance culture where people are empowered, trusted, and engaged”.Nestlé, Volvo among 130 companies urging COP28 fossil fuels phase-out
COP28 begins in Dubai on 30 November as more scientists warn that the world is not on course to meet the goals of the 2015 Paris agreement.UK Transition Plan Taskforce releases disclosure framework
This weekly roundup also looks at an IPSASB exposure draft and a consultation from the UK FRC to improve auditing standards.Shanghai government entity publicly recognises CGMA designation
The Shanghai Human Resources and Social Security Bureau has published its designation recognition of high-level professionals.A rising demand for skills and expanded collaboration
A new report from AICPA & CIMA examines the rapidly evolving finance landscape and the competencies required of professionals to drive long-term value.Driving public sector productivity
Driving public sector productivity will become increasingly important, and management accountants have a significant role to play.A call for change, but not much different for corporate boards
Board members in a US survey say they are ready to oversee a crisis, but many of them lack action demonstrating that preparedness.4 ways to win the scramble for international talent
Offshoring companies are broadening their search for remote workers, developing staff, and focusing on the opportunities that automation can bring.IAASB amends auditing standards in response to IESBA revisions
Also, a letter from standards-setters to the ISSB addresses areas of concern in global sustainability standard reporting, and IPSASB updates conceptual framework to reflect IASB revisions.Global economic losses from extreme weather could hit $5 trillion
When adjusted for the extreme weather events probability, the estimated loss is $710 billion over a five-year period.IPSASB opens consultation; IASB proposes taxonomy updates
This week’s roundup examines further proposed amendments from the IASB following the international tax reform and the IPSASB’s request for feedback on its 5-year work plan.Tips to enhance communication with nonfinance colleagues
Consider making information more accessible by using simple language, “back to basics” examples, and dashboards.Some employees take a hard-line approach to seeking flexible work
To diminish concerns about their wellbeing, workers in a global survey want flexibility in terms of when and where they do their jobs.LinkedIn taps AI to make it easier for companies to find job candidates
The platform plans to add AI to help recruiters, sales professionals’ searching for prospects, and those conducting B2B marketing campaigns.UK employees feel pressure to work when unwell, survey shows
Few workers disclose health concerns on the job, and public sector workers say pressure from heavy workloads is negatively affecting their health.IASB amends SME standard; UK, New Zealand sign audit agreement
This week’s roundup examines the IASB’s amendments to the IFRS standard to account for changes introduced by the international tax reform.New York remains top financial centre, with London in second place
London closed the gap slightly with New York, with Singapore closely in third place, a six-monthly survey found.How to keep businesses safe on social media
The inadvertent release of business information through social media use is a hazard, but companies can take steps to head it off.
Read the latest FM digital edition, exclusively for CIMA members and AICPA members who hold the CGMA designation.