50% of Governments to Report on Accrual Basis by 2025, Says CIPFA
The report was drawn from the IFAC Index, which captures current and future use of public financial reporting bases and frameworks by governments around the world. The index found that while 30% of governments report on an accrual basis in 2020 (an increase of 6% since 2018), 50% will report on...
CFOs' Essential Role in Promoting Employee Mental Health
For professional accountants, mental health issues heighten the risk of not identifying errors in financial reports or spotting indicators of fraud. In this recent article, Russell Guthrie, CFO of the International Federation of Accountants (IFAC) expressed this opinion.
How Accountancy Profession Will Help Achieve Nigeria’s Digital Future
To the consumer, digital transformation might appear seamless: new services and products appear all the time, and with the push of a button we discover new levels of convenience and efficiency. But behind every success story is hard work, careful planning, and constant adaptation. Given the...
Gen Z anticipates a shifting workplace: IFAC and ACCA report
The report, Groundbreakers: Gen Z and the future of accountancy, utilized data from 9,000 18- to 25-year-olds polled around the world. The majority of those surveyed were from the Asia Pacific and South Asia regions, female and ACCA students studying for their accounting/finance qualifications.
Sustainable Value Creation and the Professional Accountant
The immediate crisis of the pandemic—two million deaths and counting—has raised awareness of the long-term crisis in sustainable value creation (SVC). It may be that unthinkable losses of lives, jobs and wealth have made predictions of future crises feel less abstract. The dire consensus among...
Corporate and Sustainability Reporting – A Look Ahead
In a letter that IFAC CEO, Kevin Dancey, recently shared with its 175 global member bodies, he outlines the organisation’s agenda and priorities for sustainability reporting in the year-ahead. Dancey explains why accountants, as the chief stewards of business information, are best suited – and...
Bringing the future into focus
Alan Johnson, President of the International Federation of Accountants, shares his thoughts on the challenges and opportunities facing the profession, and the priorities for his presidential term.
Partnerships, digitalisation crucial for small businesses
The fate of small businesses in the COVID-19 crisis will make or break the Zimbabwean economy. The crisis they face deserves the attention of everyone concerned with the lives and livelihoods of the people of Zimbabwe. Progress will depend on how well the public and policymakers understand the...
Universities are adapting, so must accountancy education
For nearly four centuries, higher education has pushed students to define their role in society. In a society upended by pandemic, however, the script has been flipped. As many students defer, transfer or simply opt out, it’s the value of education that must be defined for a new era
Communicating Value Creation When Planning for a Post-COVID World
Covid-19 threatens organisations’ ability to generate value. Many businesses are thinking about their purpose, business model, and how to serve stakeholders beyond shareholders alone, comments Stathis Gould, director of advocacy at the International Federation of Accountants (IFAC)