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. The first step is to improve transparency in how governments manage public sector finance. Governments should provide a special annual report of their commercial assets, which represents a vast segment of wealth that, in many cases, is even larger than public debt.
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
What forces will impact the accountancy profession in the future? Daniel Susskind, co-author of The Future of the Professions, uses groundbreaking research on technological change to consider two different paths forward
Leasing is a common form of finance for many businesses, especially in sectors like the airline industry, retail, and shipping. Currently, listed companies around the world have around US$3.3 trillion worth of leases.
The recent agreement between all 193 UN member states on the 17 Sustainable Development Goals (also referred to as the “Global Goals”) demonstrates a widespread political commitment to dealing with some of the world’s most