AASB 107 Statement of Cash Flows for Risk Managers
What does AASB 107 Statement of Cash Flows require of a Risk Manager?
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 Risk Manager'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 Risk Manager
Risk Managers identify, assess, and prioritise organisational risks. They build risk registers, conduct risk assessments, define risk appetite, and ensure that compliance frameworks address the most material threats to the organisation.
AASB 107 Statement of Cash Flows defines 22 controls across 5 domains that directly affect the Risk Manager 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 Risk Manager is accountable for under AASB 107 Statement of Cash Flows
Conducting enterprise risk assessments and maintaining the risk register
Defining risk appetite and tolerance levels with executive leadership
Mapping compliance controls to identified risks for coverage analysis
Monitoring key risk indicators (KRIs) and escalating emerging threats
Integrating compliance, operational, and strategic risk management
Where Risk Managers lose time on AASB 107 Statement of Cash Flows
These are the most common obstacles Risk Managers face when managing AASB 107 Statement of Cash Flows compliance, and how to address them:
Challenge 1
Quantifying cyber risk in financial terms that resonate with executives
Challenge 2
Identifying gaps between compliance control coverage and actual risk exposure
Challenge 3
Integrating risk data from siloed tools and departments
Challenge 4
Keeping risk assessments current as the threat landscape evolves
Challenge 5
Prioritising remediation when resources are limited
A working order for a Risk Manager 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 Risk Managers 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
Who else owns part of AASB 107 Statement of Cash Flows
Questions Risk Managers ask about AASB 107 Statement of Cash Flows
What does a Risk Manager need to know about AASB 107 Statement of Cash Flows?
How does AASB 107 Statement of Cash Flows affect the Risk Manager role?
What are the biggest AASB 107 Statement of Cash Flows challenges for Risk Managers?
How should a Risk Manager prepare for a AASB 107 Statement of Cash Flows audit?
What tools help Risk Managers manage AASB 107 Statement of Cash Flows compliance?
Risk Manager: 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.