📈 Deloitte Sri Lanka CFO Conclave 2025: Navigating Financial Leadership in a New Era

Deloitte Sri Lanka recently hosted its 'CFO Conclave 2025 – Leading with Insights,' bringing together leading finance professionals to discuss the evolving role of CFOs amid increasing transparency, regulation, and technology. • The forum highlighted how finance functions can adapt to growing regulatory expectations while driving strategic transformation and resilience. • Key insights shared: Regulatory Updates: Discussion on International Financial Reporting Standards (IFRS) 18 (effective Jan 2027) for enhanced comparability in profit-and-loss, and IFRS 19 for simplified disclosure requirements. CA Sri Lanka Code of Ethics 2025 (aligned with IESBA 2024) and the Companies (Amendment) Act No. 12 of 2025 mandating beneficial-ownership disclosure, emphasizing stricter governance and board-level accountability. Taxation: Focus on Inland Revenue Department's transfer pricing regulations, the Advance Pricing Agreement (APA) framework for predictability, and updates to foreign exchange regulations, including outward investment frameworks and allowances for exporters. AI Governance: Addressing emerging risks like bias, data leakage, and model drift, urging CFOs to embed governance principles across the AI lifecycle for financial integrity. • The Conclave reinforced that modern CFOs are increasingly becoming catalysts for transformation, governance, innovation, and long-term value creation, moving beyond just financial accuracy.