News
Manual processes: A roadblock for finance teams, strategy
Technology shortfalls are stretching team capacity as business demands outpace the capabilities of automated systems, a survey shows.C-suite mindset: Innovation is a journey, not a race
Leaders’ plans to take a methodical approach to digital transformation precede motivations to become “early adopters” of AI technologies.Shorter workweek benefits extend beyond burnout recovery
Reduced work hours can help employees improve in their jobs, new benchmark study shows.UK regulator amends pensions standard
Following stakeholder feedback, the regulator revised TAS 300 to improve the standard’s clarity and to remove unnecessary provisions.Diversify and prosper: Geopolitical risks and transformation
One-third of employers globally expect geopolitical conflict to be a key driver of business transformation by 2030, according to a new report from the World Economic Forum.Overworked or overwhelmed? The two sides of technology
Productivity is lacking in the workplace, according to a Microsoft survey, with technology posing both as the problem and the solution.UK hiring declines sharply in monthly report
The steep decline sparked the fastest rise in candidate availability in nearly five years, according to a monthly report from KPMG and the REC.IPO activity lags following tariff impacts
Globally, the IPO market is projected to remain “quiet” as geopolitical risks weaken market confidence across Europe.ISSB proposes revisions to SASB standards, other amendments
The proposals present the first opportunity for global stakeholders to provide input on the cost-effectiveness and decision-usefulness of the SASB standards in the context of the ISSB standards.Virtual meetings not expected to replace business travel
Companies continue to see value in face-to-face connection, and 90% of CFOs say they have no plans to cut travel budgets, global survey shows.CIMA welcomes exposure drafts on UK sustainability reporting standards
The standards are intended to support business resilience through better management of sustainability-related risks and opportunities.IASB revises practice statement on management commentary
The amendments aim to improve the quality of information provided to investors by targeting shortcomings found in current practice.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.
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