by Dr. Dorothy Maxwell, Director, The Sustainable Business Group | July 28, 2015 |
Water is a resource under increased stress, with its management now cited as one of the greatest risks to business continuity and growth. In the big picture, water scarcity has been identified as the number one global risk to society over the next ten years by the World Economic Forum (WEF). From a human rights perspective, access to safe, clean drinking water supplies, hygiene, and sanitation are already risks in many world regions. The World Wildlife Fund (WWF)’s Water Risk Map, which illustrates the countries and regions around the globe that already suffer from high water risk, confirms what the news media is also reporting—that China, India, the US, Pakistan, Bangladesh, Australia, Africa, Turkey, and Brazil are already facing this risk.
The world of the professional accountant working in public practice or in business is typically dominated by standards, regulations, and laws governing external financial reporting intended for the investment community and regulatory agencies. When financial information is presented or reported in any different form, it is often looked at with a certain level of suspicion and requests for reconciliation with the externally reported financial statement figures. This suspicion is a significant impediment to creating and using decision-useful management accounting information to provide internal insights and decision support. However, this is where management accounting information is most needed to create sustainable economic value.
In July 2002, regulations were adopted requiring all European Union (EU) companies with securities traded on a regulated market to prepare their consolidated financial statements in accordance with International
by Dr. James Canton, CEO and Chairman, Institute for Global Futures | May 19, 2015 |
Dr. James Canton, an expert who advises businesses and governments on future trends, discusses “predictive awareness.” Accountants, and the profession, can use predictive awareness to identify opportunities for new
by Dr. James Canton, CEO and Chairman, Institute for Global Futures | May 5, 2015 |
The IFAC Global Knowledge Gateway recently sat down with Dr. James Canton, an expert who advises businesses and governments on future trends. In Part I of this three-part series of video Viewpoints, he provides
Financial reporting fraud is relatively rare, but it remains a serious challenge. Research from the Committee of Sponsoring Organizations of the Treadway Commission (COSO) has indicated that the median
by Prof. Tony Allan, Professor Emeritus, King’s College London and School of Oriental and African Studies, University of London, Dr. Tony Colman, Honorary Visiting Research Fellow, Dept. of Environmental and Geographical Science, University of Cape Town and Dr. Martin Keulertz, Researcher, Humboldt University of Berlin and Texas A&M University | April 7, 2015 |
In the run-up to its 2015 annual meeting in Davos, Switzerland, the World Economic Forum published a report on key economic risks that captured and highlighted the opinion of experts and global decision