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Finance and management accounting news - FM | Financial Management magazine

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AI errors and poor data quality fuel investor scrutiny

Most investors in a new survey cite concerns about AI accuracy in company disclosures, and more than one in four executives report that AI errors have been detected in information that reached external audiences or company boards.

Data breach costs climb as AI-powered attacks surge

More than one in four data breaches are AI-enabled, according to an annual IBM report. The shifting threat landscape has prompted C-suite leaders to rethink the use of AI agents in security.

UK hiring measure hits neutral level for first time since 2022

July marks the first month without a drop in permanent hiring since September 2022, but companies remain more reliant on temporary workers.

Employees increasingly consult AI, not coworkers

A global survey shows that regular AI use makes employees feel more self-sufficient, but AI is also replacing informal interactions that foster learning.

FRC opens consultation on proposed 2027 taxonomies

The UK Financial Reporting Council encouraged respondents to read the changelog document included in the draft of its 2027 taxonomy suite.

As AI use in cybersecurity rises, so do the risks

The share of respondents actively using AI in cybersecurity strategy rose sharply in a global survey, but governance is not maturing at the same pace as deployment.

Are finance leaders moving too fast on agentic AI?

While most senior finance leaders in a recent survey say they’re under career pressure to demonstrate a return on agentic AI investment, the ROI may be slowed by an emphasis on speed.

CIMA calls for skills and tax reset by UK government

CIMA urges new Prime Minister Andy Burnham to give companies long-term certainty by reducing the cost of doing business.

IASB opens consultation on proposed taxonomy update

The update sets out proposed changes to the IFRS Accounting Taxonomy to support digital financial reporting of information prepared in accordance with IFRS standards.

Fragmented talent data comes at a high cost

Eighty per cent of business leaders estimate that fragmented talent data systems cost their companies at least 3% of total payroll.