What forces will impact the accountancy profession in the future? Daniel Susskind, co-author of The Future of the Professions, uses groundbreaking research on technological change to consider two different paths forward
This year has so far proven to be a difficult one for stock markets. Many indices are lower, some with double digit losses. The main culprit is economic uncertainty, triggered primarily by increasing concern over an economic slowdown in China, the
The most popular of the digital currencies, Bitcoin, was launched in 2008 by the mysterious “Satoshi Nakamoto” to provide an alternative payment system that was instantaneous, inexpensive, and secure. There is no doubt that Bitcoin is
Since I started my career, the world has changed in astonishing ways. Smartphones have replaced landlines. Texts and emails have supplanted letters and telexes.
While the accountancy profession regularly calls upon governments around the world to adopt accrual accounting and stronger public financial management, we must remember that accountants are on the same page as politicians in terms of
The accountancy profession is changing as new technologies increasingly impact the business environment. Institute of Chartered Accountants in England and Wales believes that the profession needs to be ready to adapt to these changes in
It is crucial that we continue to modernize how governments report financial information, according to Hon. David M. Walker, Former US Comptroller General and Senior Strategic Advisor at PwC. We must find ways to communicate this
Instead of focusing only on the problem of public debt, we should also pay close attention to vast amounts of “public wealth” that governments manage, according to Dag Detter, Managing Partner & Founder, Detter & Company.
In the past, accountants played key leadership roles in statecraft and policymaking, accounting historian Professor Jacob Soll teaches. To get back to a similar place will require individual accountants and our profession to take on new roles, and
The global economy does not need any more sovereign debt surprises, especially as countries need to know more about each other’s financial positions and performance than ever before. To overcome this problem, Frans van Schaik, the