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This report, capturing conversations and takeaways from the IFAC Professional Accountants in Business Committee meeting in September 2018, provides insight into finance function transformation, including opportunities and challenges facing the profession.

Perspectives on the Finance Function Journey

Key topics covered include:

  • CFO perspectives on the finance function journey
  • The relationship between audit committees and the CFO/finance function
  • Data analytics applications in business
  • Data modeling beyond financial accounting and reporting
  • The importance of authentic communications and professional ethics to enhance trust in business and accountants
  • The latest thinking from the committee on a vision and roadmap for the future finance function