News
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”.IPSASB’s proposed revisions focus on materiality guidance
Also, the UK FRC released a discussion paper on the future of digital reporting.Growth ambitions outweigh strategy execution for UK businesses
A new survey found that less than one-fifth of UK businesses meet 80% of aspirational goals within three years of setting them.CGMA Professional Qualification upgrades to meet growing expectations of finance profession
The new syllabus is designed to prepare students for the future of work by helping them to develop finance business partnering, analysis, and critical thinking skills.More companies seek assurance on sustainability reporting, study shows
The latest data from research by the International Federation of Accountants, the AICPA, and CIMA reveals that nearly three-quarters of the largest global companies obtained assurance of sustainability disclosures in 2023.IAASB withdraws one standard after approval of broader one
Also, global accounting bodies endorse revised principles for sustainable economic transformation, and the Global Reporting Initiative focuses on alignment of sustainability reporting practices.Exploits and cloud complexities test cybersecurity teams
The financial sector was the most targeted sector by cybercriminals in 2024, a new report found.
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