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CFO Gopal Balachandran outlines the companys focus on health insurance expansion, regulatory compliance, IFRS 17 preparedness, and its approach to profitability and riskmanagement. The insurer has achieved a ninefold increase in policy issuance while reducing headcount by 20 per cent, through technology investments.
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18 released its final recommendations on nature-related riskmanagement and disclosure, aligned with existing Global Reporting Initiative (GRI) and International Financial Reporting Standards (IFRS) and Kunming-Montreal Biodiversity Framework requirements. The Taskforce on Nature-related Financial Disclosures on Sept.
Navigating South Africa’s Reporting Maze: What Every CFO Needs to Know Navigating the complex landscape of regulatory reporting in South Africa can be daunting, especially for CFOs who bear the responsibility of ensuring compliance while also driving strategic financial decisions.
From IAS Plus : The IFRS Foundation has released a climate-related disclosures prototype that is the proposal of the Technical Readiness Working Group (TRWG) for the first thematic standard of the ISSB. Risk- management. The TRWG was created in March 2021 to facilitate a running start of the ISSB. Governance. Read more here.
South Korea life insurance firm Kyobo Life has implemented a high-performance computing platform for IFRS 17 and K-ICS financial reporting compliance, said AON recently. The post IFRS 17: South Korean insurer implements a computing platform for compliance appeared first on FutureCFO.
Due to this unique position, we need to ensure that the Finance Executive that earns our acclaimed CFO(SA) designation , is ready for the future of finance. In developing the CFO(SA) designation, we identified 34 competencies and four pillars that the Modern CFO needs to fulfill to excel in their leadership position.
With our years of experience in helping clients achieve compliance with new mandates such as revenue recognition (ASC 606 and IFRS 15), lease accounting (ASC 842 and IFRS 16) and optimizing Office of the CFO processes for treasury, cash flow, riskmanagement and more, Bramasol has long advocated a comprehensive, integrated approach - as exemplified (..)
Unveiling the 7th Annual CFO Africa: A Showcase of Financial Leadership and Innovation The 7th Annual CFO Africa event was a dynamic gathering of financial leaders, industry experts, and innovative thinkers. Kana discussed new developments around IFRS S1 and S2, focusing on sustainability-related disclosures.
“Depending on an organisation’s environmental/social footprint, an ESG team or dedicated senior member is generally appointed to ensure that the organisation’s enterprise riskmanagement adapts to the regulatory landscape,” he continues. This will improve consistency and comparability amongst organisations.
AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. This technology offers unprecedented rewards, but it also presents new risks that we all must navigate. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC.
The role of enterprise level CFOs has changed radically over the past decade with both a widening scope of influence and greater responsibilities for helping guide corporate transformation programs and technology choices. Sweeping changes in the enterprise technology landscape have also been a key driver in expanding the role of CFOs.
ACCA's guide seeks to help all organisations irrespective of size, industry or sector, focusing on preparing for sustainability reporting in accordance with the IFRS Sustainability Disclosure Standards (or the ‘ISSB Standards’).
To deliver sustained profitable growth and meet new disclosure obligations CFOs will have to embed sustainability into business decisions by connecting material issues to value creation and riskmanagement.
Ernst & Young 's Climate Risk Disclosure Barometer, which seeks to identify the trends, opportunities, and key issues facing businesses in relation to climate change, dives deep into the key elements impacting climate-related reports in the coming years.
Leveraging RISE with SAP to Comply, Optimize, and Transform your Business With Bramasol's years of experience in helping clients achieve compliance with new mandates such as revenue recognition (ASC 606 and IFRS 15), lease accounting (ASC 842 and IFRS 16) and optimizing Office of the CFO processes for Order-to-Cash-to-Compliance, treasury, cash flow, (..)
AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. This technology offers unprecedented rewards, but it also presents new risks that we all must navigate. Fine-tuned AI models could assist with complex regulatory requirements, such as those from IFRS, FINRA, and the SEC.
It’s also the riskmanagement part of the role that keeps the role exciting, crucial, and a continuous growth area,” Ramon adds. Regulatory hurdles Geronimo concedes that the most challenging part of the controller role in 2023 was the changing regulatory guidelines that were impacting financials.
You need to develop these various competencies and understand what they mean in a volatile corporate environment rife with , technological innovations if you wish to maximize your performance as a CFO. 5 Leadership Competencies for CFOs 1. Personal leadership (incl. personal branding and emotional intelligence).
This Interview conducted by Leana van der Merwe CBA(SA), CA(SA), a Technical Specialist at the Chartered Institute for Business Accountants (CIBA) and editor of CFO Club, with Dr. Daan Steenkamp, the CEO of Codera Analytics. IFRS, US GAAP). I’d like to shift the focus slightly to our CFO Club members.
David Wray: Navigating ESG, Sustainability, and the Evolving Role of CFOs In a recent CFO Club podcast episode, Nicolas van Wyk had an insightful discussion with David Wray, a seasoned CFO and expert on ESG (Environmental, Social, and Governance). It’s Nicolaas van Wyk hosting another session for CFO Club.
A CFO who understands industry dynamics doesnt just react to line items. They guide investment decisions, pricing strategies, riskmanagement, and even organisational design. Your executive team might not say it out loud, but they expect you to know more than just IFRS or VAT returns.
Staying informed also means making better financial decisions, whether its in budgeting, investing, or riskmanagement. Regularly reviewing IFRS updates, tax laws, and business regulations ensures compliance and minimises risk.
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