Search Results for: accountants
Regulators Fear Big Data Threatens Audit Quality
April 16th, 2014
Does audit firms’ emphasis on data analytics mean that audits themselves are suffering? Regulators around the world are worried that a rise in audit firms’ consulting business and a corresponding slowdown in the growth of revenues from traditional audits ...
Corporate Performance Isn’t All about Financial Results
April 15th, 2014
Integrated reporting that includes measures of sustainability and social performance point to a better corporate future. A look into the crystal ball of global sustainability issues for the next few decades highlights some scary trends that will change how ...
No standstill on standards for auditing
April 10th, 2014
ACCA (the Association of Chartered Certified Accountants) comments on the strategy and work programme of the IAASB for 2015-2016 Sue Almond, external affairs director at ACCA, says: ‘It is clear that there are huge demands on the International Auditing ...
The EU must place a greater emphasis on effective public financial management for the benefit of its citizens
April 8th, 2014
The European Court of Auditors will have an ever increasing role to play when it comes to the effectiveness of EU public financial management, says an EU auditor’s essay in a report from ACCA The European Court of Auditors ...
Excel: The power of mapping
April 7th, 2014
Many financial systems do a fine job of generating standard reports, but accountants often need more. In those cases, accountants can create custom solutions in Excel, but that approach has drawbacks. For instance, a typical process may involve exporting ...
Parliament brings the audit reform to its final stages
April 3rd, 2014
ACCA (the Association of Chartered Certified Accountants) welcomes the endorsement of the audit package by the European Parliament. Sue Almond, external affairs director at ACCA, says: ‘ACCA congratulates the effort to increase audit quality and re-establish investor confidence in ...
Mind the Non-GAAP
March 27th, 2014
Nontraditional financial metrics can shed valuable light on a company’s operations – or obscure its true condition. Normalized adjusted EBITDA less capex. Adjusted consolidated segment operating income. Adjusted EBITDA (as adjusted). Even enthusiasts of non-GAAP metrics have to admit ...
Why Companies Suffer Large, Unexpected Credit Losses
March 26th, 2014
For companies that sell business-to-business products and services, many things can contribute to a company incurring a loss from a bad debt. The most important factor is probably the quality of the organization’s finance and credit management process. But ...
ACCA launches certificate for small business reporting standard
March 17th, 2014
A QUALIFICATION has been launched to develop accountants’ understanding of IFRS for SMEs by the ACCA. The certificate, which comprises an online course and test, is designed to provide members with an understanding of the concepts of IFRS for ...
George Ioulianos, General Manager of Cyprus Fiduciary Association
March 14th, 2014
1. What is the Cyprus Fiduciary Association and what has it achieved so far? The Cyprus Fiduciary Association was founded in November 2011 by the initiative of a number of fiduciary providers whose aim was to further develop and ...
