Last week, the South African Independent Regulatory Board for Auditors (IRBA) announced a timeline for new mandatory audit firm rotation requirements—a policy requiring companies to switch auditors periodically. In the same week, the Monetary Authority of Singapore (MAS) announced its intention to discontinue the very same policy. IFAC recently convened roundtables of international business leaders and regulatory agencies on smart regulation, and this contrast is a prime example of two principles the participants urged policymakers and regulators to observe: start with clear objectives, and assemble a clear evidence base.
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
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
Young accountants can look forward to entering a profession poised to address many of society’s challenges, says Robert Hodgkinson, Executive Director, Technical, at ICAEW. These include creating a more sustainable world, working with
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