Emerging technology, and the challenges it brings to organizations and industries, presents many possibilities for the accountancy profession, according to IFAC President Olivia Kirtley. Over the coming years, we are going to need to adapt to technological disruption, harness artificial intelligence, and provide guidance on cybersecurity, and help our clients do the same.
by Frans van Schaik, Global Leader Public Sector Accounting and Auditing, Deloitte | August 9, 2016 |
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
by Jacob Soll, Professor, Journalist, University of Southern California | July 26, 2016 |
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
by Dag Detter, Managing Partner & Founder, Detter & Co. | July 12, 2016 |
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.
by Hon. David M. Walker, Former US Comptroller General, Senior Strategic Advisor, PwC | June 28, 2016 |
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
by Michael Izza, FCA, Chief Executive, ICAEW | June 14, 2016 |
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
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
by Lee White, Chief Executive Officer, Chartered Accountants Australia and New Zealand | May 3, 2016 |
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
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