Items tagged with "Accounting"

IFAC investigates education for accountants in sustainability reporting

In response to the increasing demand for sustainability-related disclosure and reporting, the International Federation of Accountants (IFAC) has published a literature review to assess and enhance the education available to accountancy professionals.

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IASB seeks feedback on proposed changes to SMEs Accounting Standard

The International Accounting Standards Board (IASB) recently proposed amendments to the IFRS for SMEs Accounting Standard, aiming to assist small- and medium-sized entities (SMEs) in addressing international tax reform. This marks the first instance where the IASB has suggested urgent amendments to the Standard outside of its regular review process.

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Shortage of accountants shines light on benefits of digitalisation

A recent article on CPA Practice Advisor highlights how the digital transformation can play an important role in easing pressure on accounting firms struggling with a talent shortage.

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FAF implements free access to online standards

Following last month’s announcement that the US Financial Accounting Foundation (FAF) will upgrade existing free access to the online version of its standards, FAF has now implemented the change.

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Tomorrow’s Accountant

On Monday, our CEO John Turner gave a talk at the World Congress of Accountants in Mumbai as part of the “Technology and the Future” session. The session concentrated on new skills and capabilities that members of the accounting and audit profession, working both in industry and in practice, will need going forward.

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Wave of restatements as SPACs resolve accounting issues

Special Purpose Acquisition Companies, or SPACs, are generating a surge of restatements correcting past financial reports, following last month’s accounting clarification from the US Securities and Exchange Commission (SEC).

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SEC turns attention to SPACs

The US Securities and Exchange Commission (SEC) has recently focused its attention on Special Purpose Acquisition Companies, or SPACs. SPACs are cash-only investment vehicles that are formed and listed with a view to taking private companies public.

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ICAI meets AI: Robot-Reviewed Reporting for India

How do you spot financial reporting errors or attempted fraud before they grow into problems? And – when serving a population of over 1.3 billion people – how can you both boost data quality and make the reporting and review process as efficient as possible? For the Institute of Chartered Accountants of India (ICAI), the […]

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FASB delays Insurance Standards update

Following similar moves from the IASB, the Financial Accounting Standards Board has issued an update designed to help alleviate the burden on companies affected by Covid-19.

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China launches new XBRL Receipt Project

In the context of a pandemic, it makes sense to ensure that as much activity as possible is done digitally. Last week saw the unveiling of a new initiative from Everbright Bank: digital bank receipts with embedded XBRL data for reuse and analysis.

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