Going Beyond the Book 2023

Going Beyond the Book 2023 | 7 [ EXPERT’S VIEW ] governance (ESG) initiatives that align with the organization’s values and long-term viability into financial strategies. Talent Development: To thrive in the future, CFOs must focus on nurturing finance talent. We need teams with a diverse skill set, including financial acumen, data analytics, and soft skills like communication and adaptability. Continuous learning and development are key, and it is up to the CFO to create a culture of developing and growing this diversity of skills which align with goals of organisational growth. In conclusion, the role of a CFO has evolved from being a mere steward of finances to a strategic partner driving growth and innovation. We must be agile, adaptable, and continuously learn to remain relevant in this ever-changing world. As Chartered Accountants, we are uniquely positioned to lead this transformation, ensuring that our organizations are not just prepared for the future but thrive in it. CFOs are multitasking and these tasks can only be accomplished through collective efforts and by developing a positive learning mindset. In the words of Chanakya, “Let not a single day pass without your learning a verse, half a verse, or a fourth of it, or even one letter of it; nor without attending to charity, study and other pious activity.” – Chanakya Arpit Kabra Western India Regional Council (WIRC) of The Institute of Chartered Accountants of India (ICAI) Chairman Dun & Bradstreet