by Hans Hoogervorst, Chairman, International Accounting Standards Board | September 25, 2017
The accounting concept of materiality means that only information that is important to investors needs to be included in the financial statements. Information about trivial matters can be excluded. Even though this sounds straightforward,...
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IFRS’ Impact on SMEs
by Robin Jarvis, Professor of Accounting, Brunel University and Special Adviser to the European Federation of Accountants and Auditors (EFAA) | April 26, 2017
What role do International Financial Reporting Standards play in accounting for small- and medium-sized entities in Europe?
Accountants Optimistic Despite Challenges
by Johnny Yong, Technical Manager, Global Accountancy Profession Support, IFAC and Monica Foerster, Chair, IFAC SMP Committee | April 24, 2017
Despite all the unpredictability in 2016, the accounting profession was still fairly optimistic—all things considered.
The Corporate Social Responsibility Trade-off Myth
by Doreen Remmen, CFO, Institute of Management Accountants | April 24, 2017
Corporate social responsibility does not require a trade-off but rather improves the balance between stakeholders.
Reinventing ERM and Internal Audit: Accountants Need to Drive Radical Change
by Tim J. Leech FCPA FCA CIA CCSA CRMA, Managing Director, Risk Oversight Solutions Inc. | April 11, 2017
Accountants need to play lead roles driving radical change toward Objective-Centric Enterprise Risk Management and Internal Audit, argues Tim Leech.
An Auditor, an Accountant, a Lawyer…and Technology
by Antoni Gómez, Chairman of Auren & IFAC SMP Committee Member | April 11, 2017
Constant progress in the technology, information, and communications systems affects all companies—including professional service firms.
Integrated Reporting: Quantitative or Qualitative?
by Dr. Sean Stein Smith DBA, CMA, CPA, CGMA, CFE, Assistant Professor of Professional Practice, Rutgers University | April 10, 2017
Is integrated reporting more quantitative or qualitative in nature—and is it subject to change over time?