Professional Accountancy Organizations: Serving SMEs Is Critical in Times of Economic Crisis

by Eamonn Siggins, Chief Executive Officer, CPA Ireland | October 28, 2014 |

As professional accountancy organizations (PAOs), IFAC member bodies serve the public interest in a variety of ways. They contribute to standard setting, regulation, quality assurance, education, examinations, corporate social responsibility, and much more. But as Chief Executive Officer of CPA Ireland, I cannot stress enough the importance of providing direct support to small- and medium-sized entity (SME) owners, which I believe is in the public interest. This is especially true in times of economic crisis, when much of the focus is on big business and regulatory changes. PAOs can and should provide SMEs with critical research: practical guidance for decision-makers, surveys to reflect rapid changes in the marketplace, and best practices to indicate how the survivors are prospering and why. 

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Accountability. Now. We Must Enhance Government Accountability and Transparency

by Andreas Bergmann, Chair, International Public Sector Accounting Standards Board | October 21, 2014 | 1

In the public sector, the lack of transparency and accountability presents a major risk to the efficiency of capital markets, global financial stability, and long-term sustainability. We need to create greater public awareness among all levels of society.


Integrated Reporting—Seizing the Opportunity to Lead

by Helen Brand, Chief Executive, Association of Chartered Certified Accountants | October 14, 2014 |

As a result of the International Integrated Reporting Council (IIRC)’s Framework being issued in December 2013, integrated reporting has truly begun to take off around the world.


The Role of Professional Accountants in the Proper Functioning of Taxation Systems

by Russell Guthrie, IFAC Executive Director, Professional Relations and CFO | September 30, 2014 | 2

There has been much recent debate in many sectors of the economy and among politicians about the role of taxation in society, the extent to which tax planning is appropriate, and taxpayer behavior.

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Beyond Enhanced Reporting—The Next Step in Public Sector Financial Management

by Ken Warren, Chief Accounting Advisor, Treasury of the Government of New Zealand | September 16, 2014 | 1

In recent years, there has been a belated recognition that government financial information is insufficient.

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Making Financial Reporting Better: Strengthening the Financial Reporting Supply Chain

by Fayez Choudhury, CEO, IFAC | September 2, 2014 | 3

Is it sufficient to wait until the next financial crisis hits and ask only: "where were the auditors?"

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Issuing a Challenge to the Profession: Preparing Today’s and Tomorrow’s Educators and Researchers in Emerging Economies

by Professor Katherine Schipper, Thomas F. Keller Professor of Accounting, Duke University, and Professor Donna Street, Mahrt Chair in Accounting, University of Dayton | August 19, 2014 | 7

Scholars in emerging economies begin their careers as accounting educators and researchers with excitement and high aspirations. They eagerly accept the challenge of educating future generations of accounting professionals in developing countries.

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Governments Can't Expect Others to Do What Only They Can—They Must Step Up and Cooperate on Taxation

by Russell Guthrie, Executive Director, Professional Relations, and CFO, IFAC | August 5, 2014 |

Few people would argue that a key objective of a sound and effective taxation system is to strengthen the public’s confidence that revenue authorities are collecting what is due and payable, and organizations and individuals are paying the amount that laws require and intend them to pay.

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Some Positive Aspects of the Statutory Audit Reform in Europe

by Yves Nicolas, President, and Cédric Gélard, Technical Director, CNCC | July 22, 2014 |

The final texts of the statutory audit reform (i.e., the Directive and the Regulation) have now been published in the official journal of the European Union, bringing to a close four years of intense discussions that may significantly change the shape of statutory audit in Europe.

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The Cost of European Audit Legislation

by Jens Røder, Secretary General & CEO, Nordic Federation of Public Accountants | July 8, 2014 |

The Treaty of Lisbon, which came into effect in 2009, was designed to make the European community more effective, taking into account the perceived benefits accruing from full integration of the internal market.




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