In today's complex financial landscape, compliance officers are tasked with the monumental challenge of navigating an ever-expanding global regulatory maze. With financial regulations constantly evolving across different jurisdictions, staying compliant demands access to the latest financial reporting standards and an in-depth understanding of International Financial Reporting Standards (IFRS) and the Financial Accounting Standards Board (FASB) guidelines. The importance of this challenge cannot be overstated, as non-compliance can lead to severe legal and financial repercussions for businesses. Recognising the critical need for up-to-date financial reporting information, resources such as the CFA Institute offer comprehensive insights into financial reporting standards, serving as a crucial reference for professionals striving to maintain compliance [ 1]. Similarly, the Harvard Law School Forum on Corporate Governance puts these standards into practical perspective, offering