There are mixed messages from the International Monetary Fund. The UK gets a pat on the back for its recovery, but the fund warns of darker clouds ahead in its latest World Economic Outlook. Overall, the…
Protest and dissent are the foundation stones of modern societies and have helped secure a measure of democracy and human rights. Against all the odds, ordinary people have struggled to secure universal…
What are the chances that in the face of public criticisms, big business would curb its tax avoidance practices? Well, not much, as evidenced by a case decided by the US Court of Federal Claims. Salem…
The UK accountancy watchdog has barked. The Financial Reporting Council (FRC) has fined Deloitte & Touche £14 million for failures relating to the demise of MG Rover. The report says Deloitte was engaged…
Paul Druckman, the CEO of the International Integrated Reporting Council (IIRC), recently led the coalition’s global charge on corporate reporting changes to Australia, where he bolstered support and talked…
Right now, the Australian accounting industry is in uproar about financial planning. The new standard APES 230 Financial Planning Services, issued by the Accounting Professional and Ethical Standards Board…
Can business and accountants guide us on the path to sustainability? Will business and accounting leaders of the future have the necessary skills to solve complex sustainability problems? How can new pathways…
Manipulation in accounting is more common in firms where the work culture promotes self-interest, according to a joint study by Australian and Dutch researchers. The study, which obtained anonymous responses…
According to the profession’s code of ethics, “a distinguishing mark of the accountancy profession is its acceptance of the responsibility to act in the public interest.” That is, not exclusively to satisfy…
Media commentators, regulators, and the judiciary continually express their concerns over the independence of auditors and other accounting professionals when they prepare expert reports. Typically, this…