Over the past few years there’s been exponential growth in the sharing economy, characterized by collaborative consumption where we share space, cars, skills, whatever.
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
Feedback from small- and medium-sized accounting practices and entities, SMPs and SMEs, is a crucial step in developing an agreed-upon procedures standard that suits, and allowing SMPs and SMEs to more fully realize the potential of these engagements.
In many jurisdictions, perhaps most noticeably in recent years in Europe, the emergence of a “think small first” mentality has resulted in a light touch approach to policy and regulation for small businesses, releasing them from the obligation to have an audit, and from many financial reporting requirements. This begs the question, how can accountants best support small- and medium-sized entities (SMEs)?
EFAA research looks at the nature and extent of non-financial information reporting by SMEs in 14 European countries.
The specific application of integrated reporting by SMEs and the initial steps SMEs can take to start their integrated reporting journey.
The benefits and opportunities for SMEs to consider both integrated thinking and integrated reporting, including better understanding, management and communication.
As part of its comprehensive review of the International Financial Reporting Standard for Small- and Medium-Sized Entities (IFRS for SMEs), the International Accounting Standards Board is seeking input from its SME Implementation Group.
In May-July 2014, the IESBA will be holding a series of three global roundtables to gain additional feedback on its project to address professional accountants’ responsibilities regarding the disclosure to an appropriate authority of suspected non-compliance with laws and regulations.
Technology poses a threat to the accountancy profession as automation could replace much of the work accountants do, according to experts—the profession must accelerate its move into tasks and activities less susceptible to automation such as advisory services.