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AASB 107 Statement of Cash Flows for CISOs

What does AASB 107 Statement of Cash Flows require of a CISO?

The Australian adoption of IAS 7: the duty to present a statement of cash flows, what counts as cash and cash equivalents, classification into operating, investing and financing activities, the direct and indirect methods, gross versus net reporting, foreign currency, interest, dividends and tax flows, business acquisitions and disposals, non-cash transactions, and the disclosures of financing liability movements, supplier finance arrangements, cash components and restricted balances, with the 2027 AASB 18 and 2028 AASB 2026-4 changes noted on the affected leaves. Under AASB 107 Statement of Cash Flows, which defines 22 controls, a CISO's work is deciding which controls you own outright, which you share and which belong to another team, then holding the evidence for the first group.

Which AASB 107 Statement of Cash Flows controls land on the CISO

CISOs own the organisation's information security strategy, budget, and risk posture. They translate compliance requirements into security programmes, report to the board, and balance security investment against business objectives.

AASB 107 Statement of Cash Flows defines 22 controls across 5 domains that directly affect the CISO role. Understanding which controls fall within your ownership, which are shared, and which are owned by other teams is the foundation of effective compliance management.

What a CISO is accountable for under AASB 107 Statement of Cash Flows

1

Defining and executing the information security strategy aligned to business goals

2

Presenting cyber risk posture and compliance status to the board and executive team

3

Allocating security budget across people, process, and technology investments

4

Managing the security organisation and building a security-aware culture

5

Overseeing incident response capability and crisis management readiness

Where CISOs lose time on AASB 107 Statement of Cash Flows

These are the most common obstacles CISOs face when managing AASB 107 Statement of Cash Flows compliance, and how to address them:

Challenge 1

Justifying security investment to the board with clear business metrics

Challenge 2

Managing compliance across multiple frameworks without duplicating effort

Challenge 3

Hiring and retaining qualified security professionals in a competitive market

Challenge 4

Keeping pace with evolving threats while maintaining compliance baselines

Challenge 5

Balancing security controls with business agility and user experience

A working order for a CISO starting on AASB 107 Statement of Cash Flows

1. Readiness Assessment

Take a 5-minute readiness assessment to identify your organisation's current gap profile against AASB 107 Statement of Cash Flows. Get a prioritised action plan tailored to your specific situation.

2. Cross-Framework Mapping

Use our platform to map AASB 107 Statement of Cash Flows controls against other frameworks you already comply with. Identify overlapping controls to reduce duplicate effort.

3. Build Your Toolkit

Equip yourself with AASB 107 Statement of Cash Flows toolkits, self-assessments, and implementation guides from our store. Resources designed specifically for CISOs managing compliance programmes.

4. Continuous Monitoring

Establish ongoing compliance monitoring using our platform's gap analysis tools. Track your maturity over time and demonstrate progress to stakeholders.

AASB 107 Statement of Cash Flows in your sector

AASB 107 Statement of Cash Flows for Healthcare→AASB 107 Statement of Cash Flows for Financial Services→AASB 107 Statement of Cash Flows for Technology→AASB 107 Statement of Cash Flows for Government→AASB 107 Statement of Cash Flows for Manufacturing→AASB 107 Statement of Cash Flows for Energy→AASB 107 Statement of Cash Flows for Retail→AASB 107 Statement of Cash Flows for Education→

Who else owns part of AASB 107 Statement of Cash Flows

AASB 107 Statement of Cash Flows for Compliance OfficersView guide →AASB 107 Statement of Cash Flows for Risk ManagersView guide →AASB 107 Statement of Cash Flows for IT DirectorsView guide →AASB 107 Statement of Cash Flows for DPOsView guide →AASB 107 Statement of Cash Flows for AuditorsView guide →

Questions CISOs ask about AASB 107 Statement of Cash Flows

What does a CISO need to know about AASB 107 Statement of Cash Flows?
As a CISO, your key responsibilities under AASB 107 Statement of Cash Flows include defining and executing the information security strategy aligned to business goals and presenting cyber risk posture and compliance status to the board and executive team. The framework contains 22 controls that fall within your area of responsibility. Understanding which controls you own versus which are shared with other teams is critical for effective implementation.
How does AASB 107 Statement of Cash Flows affect the CISO role?
AASB 107 Statement of Cash Flows directly impacts CISOs through defining and executing the information security strategy aligned to business goals, presenting cyber risk posture and compliance status to the board and executive team, allocating security budget across people, process, and technology investments. The framework provides structure that helps CISOs demonstrate due diligence and report compliance status to stakeholders.
What are the biggest AASB 107 Statement of Cash Flows challenges for CISOs?
Common challenges include justifying security investment to the board with clear business metrics; managing compliance across multiple frameworks without duplicating effort; hiring and retaining qualified security professionals in a competitive market. Using cross-framework mapping tools and automated evidence collection can significantly reduce these pain points.
How should a CISO prepare for a AASB 107 Statement of Cash Flows audit?
Start by conducting a readiness assessment to identify gaps. Then focus on allocating security budget across people, process, and technology investments and managing the security organisation and building a security-aware culture. Maintain a current evidence repository and ensure all control owners have documented their processes. Our readiness reports provide a prioritised action plan specific to your gap profile.
What tools help CISOs manage AASB 107 Statement of Cash Flows compliance?
Effective AASB 107 Statement of Cash Flows compliance management requires tools for gap analysis, control mapping, evidence collection, and reporting. Our compliance platform provides AI-powered gap analysis across 1,048 frameworks with 316K+ verified control-to-control mappings, helping CISOs identify overlapping requirements and reduce duplicate compliance effort.

CISO: How ready is your organisation for AASB 107 Statement of Cash Flows?

Answer 25 questions and get a professional readiness report with gap analysis, maturity scores, and prioritised action items. Results in 5 minutes.

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Written and maintained by Gerard Blokdyk, The Art of Service.Last updated .