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Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

Using these AI tools in their current state in sensitive areas like finance and accounting raises security concerns. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis.

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A Fresh Look at Ongoing ESG and Carbon Accounting Developments

Bramasol

Global ESG Regulatory Requirements One of the major ESG compliance developments to watch is the US Securities and Exchange Commission (SEC) proposed regulation on Climate-Related Disclosures and ESG Investing. IFRS S1 requires companies to communicate the sustainability risks and opportunities they face over the short, medium, and long term.

IFRS 82
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Designing Effective Financial Information Systems: A Guide for South African CFOs 

CFO Talks

Focusing on Security and Compliance Data security is non-negotiable in any FIS, especially given the increasing risks of cyber threats and the stringent requirements of South African regulations. Regular updates to the system to reflect changes in these regulations are also crucial.

IFRS 98
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Why IAS 38 is Hindering South Africa’s Growth: A Call for Change

CFO Talks

This conservative approach means that the true value of these innovations never shows up on the balance sheet, which distorts a company’s financial health and makes it harder to attract investors or secure funding for further innovation. This makes it more difficult for them to secure the funding needed for further R&D or expansion.

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Standards for Carbon Accounting are Beginning to Take Shape

Bramasol

Among the biggest developments is a new proposed rule from the Securities and Exchange Commission (SEC) that was published on March 21, 2022 for public comment over the next 60 days. Certain climate-related financial statement metrics and related disclosures in a note to its audited financial statements; and ?

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Building Robust IT Systems for Financial Reporting

CFO Talks

For CFOs, ensuring that financial data is accurate, secure, and easily accessible is essential to driving sound decision-making and maintaining regulatory compliance. It also facilitates real-time reporting and ensures that data is backed up and secure. A medical practice may handle sensitive patient billing data.

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TEST Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

Using these AI tools in their current state in sensitive areas like finance and accounting raises security concerns. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis.