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TNFD Releases Final Recommendations on Nature-Related Risk Management

Future CFO

The Taskforce on Nature-related Financial Disclosures on Sept. 18 released its final recommendations on nature-related risk management and disclosure, aligned with existing Global Reporting Initiative (GRI) and International Financial Reporting Standards (IFRS) and Kunming-Montreal Biodiversity Framework requirements.

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Chinese Study highlights limitations on IAS 38, accounting for intangible assets

CFO Talks

The research “How to improve IFRS for intangible assets? The study found that many firms in China’s emerging high-tech markets are forced to expense their R&D entirely, which can stunt their growth and distort financial reports. A milestone approach” was authored by Shefei Ma and Weiguo Zhang in 2023.

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

CFO Talks

Similarly the South African Financial Reporting Standards Council (FRSC) has adopted a blanked adoption approach to IFRS and IAS with very little effort to consider if the standards will contribute to local economic growth and employment. As a developing nation, we cannot afford to stifle our innovation.