Financial Reporting Council’s Post

Navigating the complexities of IFRS can be a challenge, but it's a journey worth taking for global financial clarity! 🌍📊 . . For inquiries and registrations, contact us at :- +91 8527524176, +91 9205207573 https://lnkd.in/eKd3Q3r support@akpisprofessionals.com . . #IFRS #FinanceCareers #Accounting #GlobalOpportunities #FinancialReporting #Audit #CareerGrowth #DiplomaInIFRS #FinanceJobs #ProfessionalDevelopment #FinanceIndustry #AccountingStandards #IFRSCertification #CareerAdvancement #JobOpportunities #InternationalAccounting #FinanceProfessionals #AccountingCareers #FinancialSuccess #IFRSDiploma #ProfessionalCertification #GlobalFinance #FinancialManagement #AuditCareers #CareerOpportunities #IFRS #AccountingChallenges #GlobalStandards #FinancialClarity #AccountantsLife

A lot of Finance leaders we are talking to face pressures from the need to overhaul existing processes and systems to accommodate the new IFRS16 standard. Problems may arise from the increased workload and resource requirements, as finance teams are already contending with funding pressures, service demands, and economic uncertainties. There's also the risk of delays in financial statement sign-offs, which could lead to additional costs and audit complications. Early preparation and a clear understanding of the new requirements will be crucial for a successful transition. If you are looking for support with increased workloads contact me. nicolashaw@morgan-law.com

& Proudly Certified in IFRS! • # I am thrilled to announce that I have successfully completed the Diploma in International Financial Reporting Standards (IFRS)! & This achievement marks a significant milestone in my professional journey. #IFRS #CertifiedProfessional #AccountingStandards #FinancialReporting #CareerMilestone #Opportunities #Networking

#Corpbiz Chartered Accountants (CAs) provide vital support to the #software industry in several key areas, ensuring regulatory #compliance, #financial stability, and #strategic growth. 1. Regulatory Compliance ➡ Financial Reporting: Ensuring adherence to standards like IFRS/GAAP. ➡ Tax Compliance: Managing corporate and indirect #taxes, ensuring timely and accurate filings. 2. Financial Management ➡ Budgeting and Forecasting: Developing detailed #budgets and financial forecasts. ➡ Cash Flow Management: Monitoring and managing cash flow to maintain liquidity. ➡ Cost Control: Identifying and implementing cost-saving measures. 3. Strategic Advisory ➡ Fundraising and Investment: Assisting in raising #capital and advising on investment strategies. ➡ Mergers and Acquisitions (M&A): Conducting due diligence and providing #valuation services. 4. Audit and Assurance ➡ Internal and External Audits: Conducting audits to ensure #operational efficiency and the accuracy of financial statements. 5. Risk Management ➡ Financial and Compliance Risks: Identifying, assessing, and mitigating risks. 6. Corporate Governance ➡ Policy Development: Establishing governance frameworks and advising boards on #strategic decisions. 7. Technology and Innovation ➡ Financial Systems: Implementing ERP systems and automating financial processes. 8. Global Operations Support ➡ Cross-Border Compliance: Managing international tax obligations and ensuring #regulatory alignment across countries. Here at #Corpbiz We offer a range of services tailored for software businesses. Connect me on ankit.mishra@corpbiz.io #corpbiz #software #technology #compliances #regulatory #financials #taxes #legal

Implementing IFRS 17: Understanding the Costs Involved As companies prepare for the adoption of IFRS 17, it's crucial to anticipate the associated costs. From technology upgrades to training programs, the expenses can vary significantly based on the size and complexity of your organization. Here are some key factors to consider: IT Infrastructure: Upgrading systems to ensure they can handle the new requirements of IFRS 17, including data collection, processing, and reporting. Actuarial and Accounting Expertise: Hiring or training professionals who understand the complexities of IFRS 17 calculations and financial reporting. Data Management: Ensuring accurate data collection and storage to meet the stringent requirements of the new standard. Training and Education: Educating staff at all levels about the changes introduced by IFRS 17 and how these impact their roles. External Consultation: Engaging external experts or consultants to navigate specific challenges and ensure compliance. Testing and Implementation: Conducting thorough testing to identify and resolve issues before the deadline. Understanding these costs upfront can help organizations budget effectively and minimize disruptions during the transition to IFRS 17. How is your organization preparing for these challenges? #Insurance# #Reinsurance# #IFRS17# #FinancialReporting# #RiskManagement# #InsuranceIndustry#

Mastering IFRS and US GAAP: Your Passport to a World of Multinational Career Opportunities 🌐💼✈️ . . For more details contact us on :- +91 8527524176, +91 9205207573 https://lnkd.in/eKd3Q3r support@akpisprofessionals.com . . #GlobalFinance #CareerGoals #IFRS #USGAAP #MultinationalJobs #AccountingExcellence #FinanceProfessionals #InternationalAccounting #FinancialReporting #CareerAscent #GlobalOpportunities #FinanceCareers #AccountingStandards #WorldwideJobs #CrossBorderFinance #FinancialExpertise #AuditAndAssurance #TaxStrategy #ConsultingWorld #CorporateFinance #FinancialAnalysis #AccountingSkills #FutureCFO #GlobalEconomy #ProfessionalGrowth #FinanceSector

Auditree 🔗As we step into 2024, the #InternationalFinancialReportingStandards (IFRS) have undergone significant updates that will impact #FinancialReporting and #AuditingPractices worldwide. This post aims to provide a comprehensive overview of these changes, helping #auditors globally to stay informed and effectively adapt their practices. The 2024 updates to the #IFRS standards bring several critical changes that auditors around the world must understand and integrate into their auditing practices. These #amendments not only affect financial reporting but also emphasize the need for heightened scrutiny and precision in auditing. As global financial landscapes evolve, staying updated with these changes is crucial for maintaining the quality and reliability of #financialAudits. #CalltoAction🚀🚀 Ensure your auditing practices are aligned with the latest IFRS standards by revisiting your current methodologies and engaging in continuous professional development. As always, our #team is dedicated to supporting you through these changes, providing the insights and guidance you need to succeed in the ever-evolving audit #industry. #auditing #accounting #riskmanagement #financialsolutions #cuttingedgetechnology #global #AudiTree

Implementing #IFRS 17 brings significant changes to the #insurance industry's financial reporting, requiring organizations to redefine part of their processes, systems and controls. What does this mean for #InternalAudit? It means to enhance #audit work in several areas: 1. #Data: check that robust processes and controls are in place for data collection and validation; 2. Methodologies and Models: assess complex valuation methodologies and models, including assumptions and controls; 3. Tech Overhaul: assess IT system implementations and changes, supporting a seamless integration of the financial processes. To face these challenges, Internal Audit Functions need #TechnicalExpertise and strategic skills in #accounting principles, financial reporting and regulatory compliance. In addition, we need to sharpen our #analytical skills to analyze financial information, identify patterns and detect anomalies effectively and efficiently. In Group Audit, we continue to invest in #dataanalytics tools and skills, fostering a data-driven audit approach. Moreover, we onboard and train IFRS 17 specialists to boost our audit teams’ capabilities and facilitate our people’s learning journey. Our approach combines #continuouslearning and collaborative #partnerships to empower auditors to navigate IFRS 17 with confidence and success. Let’s continue to support the strategic and operational transformation of Generali Group!

A client once told me, "Working with you is both a blessing and a curse." It was a compliment. The blessing? Having someone who could sniff out issues that others had missed. The curse? Having someone who could sniff out issues that others had missed. You see, even though the client was glad to have someone who could not only identify and solve issues but could also confidently go toe-to-toe with the auditor’s national office in debating issues, the uncertainty of “what else will this guy find that others missed” made them a bit nervous. To be clear, the client was actually keen for any lurking issues to be identified and resolved, and that was really encouraging for me. But what was truly rewarding for me was seeing how my efforts gave the client added peace of mind - it was another reminder for why I love what I do! _ _ _ _ Need help with quarter-end reporting? Contact me at  pmadara@gaaptus.com #technicalaccounting #accounting #usgaap #ifrs

The Role of Internal Audit in IFRS 17 Implementation IFRS 17 Overview IFRS 17, a new global accounting standard for insurance contracts, represents a major shift in financial reporting for insurers. It impacts financial accounting, actuarial systems, performance measurement, and operating models, making its implementation a complex challenge. Internal Audit's Critical Role Internal Audit must be involved throughout the IFRS 17 implementation process. This includes overseeing governance, system changes, training, and process design to ensure risks are addressed early and the program aligns with regulatory expectations. Ongoing Assurance Beyond implementation, Internal Audit should provide continuous monitoring and post-implementation audits to confirm that new processes and systems comply with IFRS 17 and support sustainable business practices. #IFRS17 #InternalAudit #FinancialReporting #InsuranceCompliance