News
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.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.
Read the latest FM digital edition, exclusively for CIMA members and AICPA members who hold the CGMA designation.