PwC's Short Reads - August 2025 Edition
1. Tackling IFRS 15, IFRS 16 and IFRS 9
As the aviation industry continues to evolve, so do the financial reporting standards that shape how businesses account for transactions. International Financial Reporting Standards (“IFRS”), namely IFRS 15 and IFRS 16 each brought about significant changes and complex reporting challenges, which the aviation industry needs to face.
2. Next in insurance 2025
The insurance industry continues to face mounting pressure to evolve. Increasingly common and severe weather events make it difficult to predict and price risks. This is causing a growing disconnect between what the coverage carriers can provide, and the protection customers and communities require, jeopardizing the very purpose of insurance.
3. ESRS simplification
The European Financial Reporting Advisory Group (EFRAG) is streamlining the European Sustainability Reporting Standards (ESRS) to ease compliance with the EU’s Corporate Sustainability Reporting Directive (CSRD). Key changes include reducing mandatory disclosures, clarifying materiality assessments, and simplifying report structures.
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4. Rethinking Identity and Access Management
As businesses accelerate digital transformation, the boundaries of enterprise IT are disappearing. Workforces are distributed, infrastructure is cloud-native, and data flows freely across ecosystems. In this context, Identity and Access Management (IAM) has evolved from a security control to a strategic business enabler—critical to building digital trust, ensuring resilience, and enabling innovation at scale.
5. Preparing for a Tax Audit
In Malta, there is no fixed formula for when a tax audit may be triggered, any taxpayer could be selected for review. That unpredictability makes preparation not just important, but essential. The good news? With the right steps, you can reduce risk, avoid surprises and respond with confidence if an audit does happen.
6. Value in Motion
AI, climate change and geopolitical shifts are reconfiguring the global economy. We’ve mapped where value is moving over the next decade, so you can build a future-ready business to capture it.
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2mo1️⃣ IFRS 15/16/9 – Aviation Adapting to IFRS in aviation is complex. AI + Cloud can automate reporting and boost accuracy. This shifts compliance into a growth enabler. 🔖 #Cloud #AI #Compliance ⸻ 2️⃣ Insurance 2025 Climate risks reshape insurance. AI-driven risk models improve pricing and coverage. Resilience becomes the industry’s backbone. 🔖 #Insurance #AI #Innovation ⸻ 3️⃣ ESRS Simplification ESRS simplification reduces reporting load. AI + Cloud make ESG data truly actionable. Compliance turns into sustainability impact. 🔖 #Sustainability #AI #Cloud ⸻ 4️⃣ IAM IAM is no longer just control. AI-powered identity boosts trust and resilience. Security now drives innovation. 🔖 #CyberSecurity #AI #Cloud ⸻ 5️⃣ Tax Audit Tax audits are unpredictable. AI compliance tools cut risk and surprises. Confidence comes from proactive readiness. 🔖 #Finance #AI #Risk ⸻ 6️⃣ Value in Motion Global value is shifting fast. AI + Cloud help firms adapt and capture growth. Future-ready starts today. 🔖 #AI #Cloud #FutureOfWork