Sethurathnam Ravi Regulatory Compliance and Disclosure Challenges for CFOs

The role of CFOs is changing dramatically, with changes in regulatory environment, technology advancement, and the changing business environment. Sethurathnam Ravi, Founder of Ravi Rajan and Co. LLP, Chairman of TFCIL, and Former Chairman of BSE, explained the challenges in his speech at the BW CFO World Future of Finance Summit and Awards 2024.

Sethurathnam Ravi BSE

The Changing Nature of the CFO Role

 S Ravi BSE stressed how changing accounting standards, rules, and regulations in compliance to these norms of disclosure, are the main factors creating pressures against which CFOs are now moving forward. Complexity has evolved through IT infrastructure and increasingly with the threats of cyber-related malpractices.

Regulatory Overhaul Necessity

With the increase in corporate fraud and mismanagement, Ravi emphasized the need for regulatory reforms to protect shareholders and public investments. He explained that the changed business models and governance failures have increased the requirement of CFOs to respond to new compliance demands specific to their sectors.

Generational Shifts and CFO Leadership

Ravi also spoke of the crucial role CFOs play in keeping a company's integrity intact during generational transitions. According to him, failures in governance and non-compliance have tarnished the reputations of many promoters and CFOs.

Embracing Transformation

The adoption of emerging technologies, such as artificial intelligence, data analytics, and advanced IT infrastructure, has dramatically changed the way businesses are conducted. Ravi underlined the transformative impact of these innovations, which enable real-time monitoring of operations from remote locations.

Ravi’s insights underline the critical role CFOs play in navigating complex regulatory landscapes, fostering governance, and embracing technological advancements to drive the future of finance