Anew special report by ACCA, a leading global professional accountancy body, examines the impact of risk cultures in the banking industry and how financial institutions can learn from what went wrong in the lead up to the banking collapses of 2023.
Anew special report by ACCA, a leading global professional accountancy body, examines the impact of risk cultures in the banking industry and how financial institutions can learn from what went wrong in the lead up to the banking collapses of 2023.
The International Auditing and Assurance Standards Board (IAASB) has proposed a significant strengthening of its standard on auditors’ responsibilities relating to fraud. Recent corporate failures throughout the world have underscored the benefits of clarifying and enhancing the role of auditors in responding to fraud and suspected fraud as a means of enhancing public trust in financial reporting.
Aglobal survey of finance professionals and others working in the public sector has shown a key part of the global economy is wrestling with significant risks – while not always having the tools to cope.
The ACCA has published a new guide entitled ‘Sustainability reporting – the guide to preparation’. It is published ahead of COP28, the UN climate summit starting on 30 November in the UAE, in which ACCA is participating. Driving forward sustainability reporting – and increasing its global adoption – will be among the topics discussed.
ACCA (the Association of Chartered Certified Accountants) is urging the UK government to put ethics, transparency and governance at the heart of its AI (artificial intelligence) policy.
New research by AICPA & CIMA, in partnership with the World Business Council for Sustainable Development (WBCSD), has produced a new framework designed to facilitate strategy delivery excellence called the Integrated Performance Management Framework.
The International Public Sector Accounting Standards Board (IPSASB), developer of IPSAS, international accrual-based accounting standards for use by governments and other public sector entities around the world, has published an updated chapter of its Conceptual Framework, which establishes the concepts that are applied in developing IPSAS and Recommended Practice Guidelines (RPGs) and are applicable to the preparation and presentation of public sector entities’ general purpose financial reports.
Increased productivity is the greatest benefit anticipated by tax professionals from widespread industry adoption of AI, with 59% prioritising this, shows a major new research report by Thomson Reuters.
High quality corporate governance drives performance and accountability. The changes proposed in the Financial Reporting Council’s (FRC) corporate governance code consultation, will support companies in facing today’s challenges and doing so in a way that is transparent to all of their stakeholders, according to the ACCA (the Association of Chartered Certified Accountants), the leading global accountancy body.
Almost a quarter (23%) of senior finance professionals fear that artificial intelligence (AI) could put them out of a job, despite 24% of finance functions already underway with onboarding the new technology and 51% planning to in the next 12 months. These are among the findings of new research commissioned by AccountsIQ, the award-winning accountancy SaaS provider.
As the global voice of the accountancy profession, IFAC has long supported the establishment of the International Sustainability Standards Board (ISSB) to develop a comprehensive global baseline of sustainability disclosures – which are now endorsed by IOSCO and are ready to be adopted and implemented around the world. High-quality implementation of IFRS S1 and IFRS S2 is critical to the ISSB’s mission.
The Public Company Accounting Oversight Board (PCAOB) has adopted a new standard to strengthen and modernise the requirements for the auditor’s use of confirmation – the process that involves verifying information about one or more financial statement assertions with a third party.
Two leading global organisations, the Association of Chartered Certified Accountants (ACCA) and the Institute for Mergers, Acquisitions, and Alliances (IMAA), have forged a strategic co-operation agreement.
The Access Group’s Recruitment and Resourcing Index has revealed that accounting & finance firms are most at risk of missing out on top talent.
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