Talent is difficult to find for accountancy firms. One of the most important actions the industry can take to improve this is putting energy into diversity and inclusion, according to research Institute of Management Accountants (IMA) and International Federation of Accountants (IFAC).
For the Sake of Sustainability, Clear Out Corruption – Here's How Accountants Can Play a Role
Economic crimes are significant obstacles to the UN Sustainable Development Goals, and professional accountants can play a pivotal role to clear a path. This guest blog by Kevin Dancey, CEO of the International Federation of Accountants (IFAC), marks the launch of IFAC’s new Action Plan for Fighting...
Accountants Crucial in Post-Covid Era
International Federation of Accountants president Alan Johnson says accounting practitioners should use their skills to boost decision-making in the public sector as economies emerge from the Covid-19 pandemic. This comes as most countries have eased Covid-19 restrictions and are grappling with...
Diversity Contributes to Better Future Prospects for Accountancy
A diverse, equal and inclusive organization makes it easier to attract and retain accounting talent. It also promotes innovation; companies with diverse teams are 45 percent more likely to increase their market share. This is apparent from the international research report Diversifying Accounting...
Women and Minorities Turn Away From Accountancy
Diverse and inclusive accountancy firms attract staff more easily, who also stay on longer. In addition, offices with diverse teams are 45 percent more likely to increase their market share. But for many offices, it doesn't go far enough. This is apparent from research by IMA (Institute of...
Accounting Sector Must Take Action Now to Improve Diversity
Accountants Work on Improving Diversity
The accounting profession is undergoing a reexamination of its efforts to address the lack of diversity, not only in the U.S. but in other parts of the world.
Last month, the Institute of Management Accountants, the California Society of CPAs and the International Federation of Accountants released a...
IFAC report: Audit fees in Canada rise to seven-year high
Audit fees in Canada hit a seven-year high in 2020 despite pandemic lockdowns and business restrictions, according to a new study from the International Federation of Accountants.
Audit Fees Rising Faster in U.S. Than Other Countries
Audit fees in the U.S. appear to be climbing at a faster pace in recent years than in Canada and Europe, according to a new survey from the International Federation of Accountants.
Tech News: IFAC Releases Audit Tool
The International Federation of Accountants has launched new resources for ISA 540 implementation.
Asia's Accounting Scandals Spur Audit Reform
A string of high-profile corporate failures and frauds in Asia has called into question the role of the auditors and prompted calls for the profession to be reformed. This falls in line with a global trend of audit reform and a need to adapt to the changing requirements of corporates.