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Key technology issues facing CFOs this year were largely the same as last year, with the top two issues cited remaining as prioritizing technology investments and identifying the appropriate level of technology investment.

The cost of Sarbanes-Oxley compliance for US-domiciled European companies is an issue CFOs need to address; and address soon. 2005 is fast approaching, and delays will prove expensive.

IFRS (International Financial Reporting Standards), which will be mandatory for EU-listed, Australian and certain Russian companies from 2005, makes constant reference to value: recoverable value, residual value, fair value and so on. Entities are now formally required to evaluate for all assets whether the future economic benefits expected justify the value attributed to the asset. Of course, entities were always required to consider whether the carrying value of an asset in the accounts was appropriate, but now this process will be more transparent.

Sarbanes-Oxley (SOx) news might regularly dominate headlines in the US but will similar legislation be enacted around the world? According to a recent survey by GTNews, only 48% of western European respondents thought other geographical locations should adopt Sarbanes-Oxley style legislation, compared to 59% for global respondents.

Pensions: equity rises cancelled out by rising FRS17 liabilities

What drives improvements in business process management? Don't look for corporate governance at the top of the list -- it's closer to the bottom. Despite that, the Sarbanes-Oxley Act and its demand for fiscal accountability still has most executives concerned about tracking performance, according to a recent survey.

The president and CEO of Finance Executives International, Colleen Sayther, has set out her views on the major regulatory issues for US corporates in 2004.

European finance professionals are reluctant to follow the lead of the U.S.’s Sarbanes-Oxley Act.

The goal of integrating Europe’s capital markets is moving nearer with the approaching adoption of the IFRS standards but will require the creation of a European Enforcement Coordination Body, warns the European Federation of Accountants (FEE).

Dispelling the lethargy of post- New Year blues is often the first task on a CFO’s agenda when they get back behind a desk.

Islamic banks have much potential to tap Islamic, ethical and conventional borrowers and investors. The key will be whether the industry can introduce the regulatory standards to reassure investors. Nigel Dudley reports.