Year: 2023

Will Quantum Computing Give China an Edge in Recapturing Lost Ground in Advanced Semiconductor Development due to the US Export Bans?

In the highly competitive global technology race, advanced semiconductors have emerged as a crucial battleground. The recent export bans imposed by the US have significantly impacted China’s semiconductor industry, and the country is scouting for detours to make up for lost momentum. One potential shortcut? The extraordinary world of quantum computing. Let’s explore how this […]

Charting the Course for Sustainability Reporting: Hong Kong’s Response to Global Standards

In an unprecedented move, the International Organization of Securities Commissions (IOSCO), an association of organizations that regulate the world’s securities and futures markets whose members include the Securities and Exchange Commission, has officially endorsed the inaugural Standards (IFRS S1 on general sustainability and IFRS S2 on climate-related disclosures) from the International Sustainability Standards Board (ISSB). […]

The Changing Audit Landscape: Implications for Listed Companies, CFOs, and Directors

The findings of the 2022 Accounting and Financial Reporting Council (AFRC) inspection report have shed light on the pressing need for improvements in audit quality, particularly within smaller audit firms. This call for higher standards and the AFRC’s plans for the 2023-2025 inspection cycle have significant implications for listed companies, CFOs, and Directors. In the […]

Navigating the Audit Landscape: Lessons and Insights from 2022 AFRC Inspection Report

In a world where financial transparency is paramount, the role of auditors is more important than ever. Yet, the 2022 inspection report from the Accounting and Financial Reporting Council (AFRC) provides mixed signs, highlighting the need for concerted efforts in improving audit quality, particularly within smaller audit firms. According to the 2022 inspection report, the […]

Capitalizing on Financial Opportunities as Solar, Battery and Related Storage Manufacturing Soars

Pelican has witnessed a significant increase in clean technology projects spanning waste recycling, clean energy storage, and solar sectors. Notably, clean energy storage has emerged as a trending area, particularly in the People’s Republic of China (PRC). This surge is attributed to the growing demand for redistributing clean and conventional energy from regions with surplus […]

From Financial Wizards to Corporate Visionaries: The Rise of CFOs as CEOs

The trend of promoting CFOs to the CEO position in numerous multinational corporations (MNCs) has been observed in recent years. This analysis delves into the potential factors contributing to this phenomenon. 1. Financial expertise💼: A CFO has a deep understanding of the company’s financial situation, including its balance sheet, cash flow, and overall financial strategy. […]

Part Ⅲ of AI in finance – Unlocking the Potential of AI in the Legal Profession

In today’s fast-paced world, professionals across all industries are seeking innovative ways to enhance efficiency and deliver better results. The legal profession is no exception. As we’ve previously discussed, artificial intelligence (AI) has revolutionized the audit profession by improving accuracy and fraud detection. Now, let’s turn our attention to another field that is ripe for […]

Riding the AI Wave: Unleashing the Future of Auditing

The world of auditing is experiencing disruption through artificial intelligence (AI), which offers numerous applications to enhance efficiency, accuracy, and fraud detection while analyzing vast amounts of financial data. The following are some potential areas of application. 1. AI-Powered Risk Assessment and Data Analytics AI’s ability to analyze vast amounts of data allows auditors to […]

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