Countries across the G-20 are facing a common set of imminent challenges including rapid population growth, growing international trade, and the urgent need to replace aging infrastructure.
Accountants are faced with many challenges that will affect the profession, such as changes in national regulatory frameworks or the influence of IT on auditing. It is crucial that accountants prepare for...
I have spoken and written extensively on the role of the modern corporation in society, reflecting on the reality that expectations from society on the role and responsibilities of corporations are rapidly
With the release of the International Integrated Reporting Council (IIRC)’s Framework in December 2013, many global organizations are realizing the value of integrated reporting. Yet, many corporations in...
In the run-up to its 2015 annual meeting in Davos, Switzerland, the World Economic Forum published a report on key economic risks that captured and highlighted the opinion of experts and global decision
Financial reporting fraud is relatively rare, but it remains a serious challenge. Research from the Committee of Sponsoring Organizations of the Treadway Commission (COSO) has indicated that the median
The IFAC Global Knowledge Gateway recently sat down with Dr. James Canton, an expert who advises businesses and governments on future trends. In Part I of this three-part series of video Viewpoints, he provides
Dr. James Canton, an expert who advises businesses and governments on future trends, discusses “predictive awareness.” Accountants, and the profession, can use predictive awareness to identify opportunities for new
You manage what you measure, as the old saying goes. Modern accounting standards measure business performance more effectively than ever before. Because of those standards, derivative financial
While generalizations regarding small- and medium-sized entities (SMEs)—across countries, regions, industry, size, and so on—are hard to make, research, including IFAC’s, suggests that SMEs find accessing finance a