by Kevin Dancey, Chief Executive Officer, IFAC | February 15, 2019
The digital revolution is transforming economies and the lives of citizens. With a new OECD Consultation document open for public comment through March 1, IFAC CEO Kevin Dancey outlines three considerations for developing a coherent, global tax...
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Building a Future-Ready PAO
by Joseph Bryson, Director, Quality and Membership, IFAC and Manuel Arias , Technical Manager, Quality & Development, IFAC | February 14, 2019
The accountancy profession needs to adapt in a meaningful way to changing demographics, technology, and other recent trends.
Seeking Feedback on Modernized AUP Standard
by Jasper van den Hout, Principal, International Auditing and Assurance Standards Board | February 13, 2019
The IAASB seeks feedback on its Exposure Draft of proposed ISRS 4400 (Revised), Agreed-Upon Procedures Engagements, which enhances key concepts in the standard, including the role of professional judgment, disclosures relating to practitioners...
How the Accountancy Profession Is Contributing to the Sustainable Development Goals in South Asia
by Adrian Lim, Technical Manager, Quality & Development, IFAC and Arjuna Herath, Chair, IFAC PAO Development Committee & Senior Partner, Ernst & Young, Sri Lanka and Maldives | February 12, 2019
IFAC, the South Asian Federation of Accountants (SAFA), and the Institute of Certified Management Accountants of Sri Lanka, co-organized an SDG workshop in October 2018 to explore how the accountancy profession has been contributing to the SDGs...
What More Can the Accountancy Profession Do to Address the Audit Expectation Gap?
by Michael Izza, FCA, Chief Executive, ICAEW | February 5, 2019
Michael Izza, Chief Executive of the Institute of Chartered Accountants in England and Wales, shares his thoughts on the audit expectation gap and how we can move forward to address it.
Encouraging New Data on Accrual Adoption but Further Progress Needed
by Steven Cain, Technical Manager, Policy and Technical Team, CIPFA | February 4, 2019
Accruals-based accounting and auditable financial statements linked to comprehensive budgeting are a key part of improving public financial management worldwide.
Buildings Will Drive Transition to Circular Economy: New Methods of Valuation and Financing Are Key
by Aglaia Fischer, Project Manager Circular Finance at Circle Economy & Sustainable Finance Lab, Lucas Geusebroek, Project Lead Circular Economy, Royal NBA | January 28, 2019
A new report highlights the radical potential for valuing and financing circular buildings to accelerate the circular economy.
Showcasing Good Public Financial Management
by IFAC | January 28, 2019
Strong public financial management processes and systems are essential for effective and efficient delivery of public services, transparent public finances, and trust between government and citizens—through a series of case studies, we will...
Reporting of Non-Financial Information by SMEs in Europe
by Paul Thompson, Director, European Federation of Accountants and Auditors for SMEs | January 22, 2019
EFAA research looks at the nature and extent of non-financial information reporting by SMEs in 14 European countries.