by Olivia Kirtley, President, IFAC | November 29, 2016 |
Following the World Congress of Accountants 2014, His Holiness Pope Francis addressed the accountancy profession on being a positive force in the fight against fraud and corruption. Noting that difficult economic times increase the risk of moral hazard, he said:
There is a stronger temptation to defend one’s interest without concern for the common good, without paying much heed to justice and legality. For this reason everyone, especially those who practice a profession which deals with the proper functioning of a country’s economic life, is asked to play a positive, constructive role in performing their daily work.
As my IFAC presidency came to a close, I wrote to His Holiness to inform him of our vigorous efforts to address a global problem that requires great collaboration.
by Berry Wammes, Executive Director, Royal Nederlandse Beroepsorganisatie van Accountants | November 15, 2016 | 1
During a storm in the Pacific Ocean in 1992, a sea container with 28,800 rubber ducks fell overboard from ship travelling from China to the US. The toys were carried by winds and ocean currents, and eventually washed up on shores in North
by Cindy Fornelli, Executive Director, Center for Audit Quality (CAQ) | November 1, 2016 |
Citing Cathy Engelbert, CEO of Deloitte and the first woman CEO of a major accounting firm, Cindy Fornelli, Executive Director of the Center for Audit Quality (CAQ), tells women of all ages to be leaders on their own terms, in small and large
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
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