News
Cyber, data risks creating anxiety in the C-suite
Globally, AI governance gaps and economic pressures also make up some of the top challenges facing businesses.COSO seeks comment on Corporate Governance Framework
The framework aims to align with COSO’s internal control and enterprise risk management frameworks.New resource for assessing CSRD and ESRS requirements
Analysis from the AICPA and CIMA provides perspective for management accountants on sustainability. Also, the IASB begins its review of IFRS 16.Steepest rise in job seekers in over 4 years, UK report shows
Redundancies in the UK were one factor in the share of job seekers mirroring those from late 2020, according to a monthly report from KPMG and the REC.Want to innovate using gen AI? You can’t be passive about it
Generative AI use can enhance workforce creativity, but the value is more pronounced in employees with specific abilities, new research finds.Boards release implementation guidance for sustainability-related standards
The IAASB and IESBA jointly seek to assist practitioners in the consistent application of standards. Also, the IFRS Foundation issues an update on global ISSB adoption.US appeals court leaves tariffs in place, seeks expedited argument schedule
A US federal appeals court extended its stay of a nationwide injunction on tariffs imposed by a trade court and proposed a schedule that would include oral arguments on July 31 in the challenge to the president’s authority.Financial modelling with AI: Part 3
Generative AI tools such as ChatGPT and Copilot can assist with the test and implement phases of financial model development.CIMA makes Spending Review recommendations to UK government
The recommendations include introducing a productivity strategy and creating a Productivity Commission.Economic optimism slides again amid tariff uncertainty
US finance executives’ optimism declined sharply in the second quarter, as tariff concerns mount and businesses pivot their strategies to accommodate shifting requirements, a new survey shows.FRC publishes updated UK Stewardship Code
The revised code, last updated in 2020, aims to support long-term sustainable value creation and reduce the related reporting burden.Financial modelling with AI: Part 2
Generative AI can assist in the three stages of development — scope, plan, and design — before building a financial model.AI in 2025: A critical year for bold business moves
Ninety-five percent of companies powered by AI are already considering hiring for AI-specific roles to stay ahead of the curve, but many leaders risk falling through the digital capacity gap, a new report says.UK sustainability standard enters consultation phase
The UK interpretation of ISSA 5000 follows stakeholder demand for an internationally consistent assurance framework. Also, the FRC amends FRS 101.Financial modelling with AI: Part 1
Consider the current limitations, risks, and required checking/auditing procedures you should implement when using generative AI with financial models.Employee respite dimmed by work pressures
A new report shares wellbeing strategies for organisations; workers in the UK hesitate to go on holiday, in part because of anxiety about workloads after time off.IAASB issues going concern guidance for stakeholders
Also, the Global Reporting Initiative opens a consultation to align new and existing standards.Return to office or retain flexibility? The latest on the debate
Amid a trend of more in-office work, a series of surveys offer perspective on the state of the workplace and reveal how employees feel about their place in the debate.Staff availability rises again in the UK; hiring shows slight improvement
A monthly report from KPMG and the Recruitment and Employment Confederation shows a hiring picture that is brighter than the start of the year. Recruiting, however, continues to be “muted”.
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