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
Last month, the Natural Capital Protocol launched to great fanfare at Chartered Accountants Hall in London. The Protocol is a standardized framework for business to identify, measure, and value their direct and indirect impacts and dependencies
Why do the UN Sustainable Development Goals (SDGs) matter for the global accounting profession? Yannick Glemarec, UN Assistant Secretary General and Deputy Executive Director, UN Women, tells us we have a critical role in “counting
Citing Cathy Engelbert, CEO of Deloitte and the first woman CEO of a major accounting firm, Cindy Fornelli, Executive Director of the Center for Audit Quality (CAQ), tells women of all ages to be leaders on their own terms, in small and large
Following the World Congress of Accountants 2014, His Holiness Pope Francis addressed the accountancy profession on being a positive force in the fight against fraud and corruption. As my IFAC presidency came to a close, I wrote to His
During a storm in the Pacific Ocean in 1992, a sea container with 28,800 rubber ducks fell overboard from ship travelling from China to the US. The toys were carried by winds and ocean currents, and eventually washed up on shores in North America and Asia. Some of the rubber ducks drifted into the Bering Sea and froze into the polar ice. Over ten years later, one of these ducks washed up on the Dutch coast. It appears the duck was able to belatedly continue its journey due to melting ice in the polar region. As a result, the toy became a plastic symbol for climate change.
Hans Hoogervorst, Chairman of the International Accounting Standards Board (IASB), explains why the board does an agenda consultation every five years. While the IASB is currently focused on completing its work on insurance and its
Professional accountants must communicate the excitement, challenges, and rewards of our profession in order to attract new talent, according to Institute of Management Accountants (IMA) Chief Executive, Jeff Thomson. Accountancy is
Organizations that embrace diversity and inclusion outperform those that don’t; as Joy Thomas, President and CEO of CPA Canada and an IFAC Board Member, puts it, “Not only is [diversity and inclusion] the right thing to do but it is a business imperative.” Creating a constructive culture can help organizations facilitate diversity and inclusion. For example, organizations can move the needle by establishing multiple channels for employees to communicate their concerns to senior management.