Audit committees serve an essential role in corporate governance through their oversight of companies’ financial reporting processes and audits.
Rapid changes in the broader business environment have increased concerns over whether corporate reporting continues to fulfill its objectives.
The recent agreement between all 193 UN member states on the 17 Sustainable Development Goals (also referred to as the “Global Goals”) demonstrates a widespread political commitment to dealing with some of the world’s most
Leasing is a common form of finance for many businesses, especially in sectors like the airline industry, retail, and shipping. Currently, listed companies around the world have around US$3.3 trillion worth of leases.
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
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.