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MEP complains of ‘Happy Meal’ of tax loopholes
European tax laws need to be reformed to end a ‘Happy Meal’ of loopholes for American companies to escape paying taxes Green Party Member of... read more
ACCA makes senior appointment to executive team
The Association of Chartered Certified Accountants (ACCA) has appointed Maggie McGhee as executive director- governance. read more
IAASB appoints former PCAOB audit chief as new chair
The International Auditing and Assurance Standards Board (IAASB) has appointed Martin Baumann as its chair for a three-year term beginning 1... read more
How an accounting loophole helped enable Lehman Brothers demise 10 years ago
This year marks 10 years since financial services firm Lehman Brothers filed for bankruptcy in the US on Monday morning 15 September 2008. The date... read more
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IMA: developing diversity
At the end of the July, the Institute of Management Accountants (IMA) appointed Linda Devonish-Mills as its first director of diversity and... read more
Digital transformation conference: tuning the profession for the digital world
With digital transformation a hot topic in today’s world, Jonathan Minter attended the EFAA’s conference on the Digital Transformation of SMEs to... read more
Time pressure: facing up to mental health
In an ‘always on’ culture, it is becoming increasingly difficult to manage a healthy work-life balance. While companies are beginning to address... read more
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Fraud and corruption – the cancer that needs to be exorcised
No one will deny the pervasive and malignant effect fraud and corruption has to the lives of citizens. No country is immune: the recent Transparency International annual corruption perception index highlights lamentable progress, stating that ‘the majority of countries are making little or no progress in ending corruption’. read more
Developing Public Financial Management Capacity in Somaliland
CIPFA is supporting much-needed development and economic growth in Somaliland by building the capacity of planning and budget preparation officials, procurement officers, accountants, internal and external auditors, within central finance agencies and targeted sectors, to give them the knowledge and skills to deliver effective public financial management (PFM). The Somaliland PFM Education and Training Programme is financed by the World Bank and delivered by a consortium led by professional services firm WYG International and including CIPFA and Michael Parry Consulting. read more
Corruption in the crosshairs of ethics auditors
We are living in a historical time. Delações premiadas (plea bargains in exchange for reduced sentence or pardons) are the opening lines of a book about Brazil that everyone thought existed, but that hadn’t been exposed in its details, structures and the painful reality of corporate fraud. Among the countless revelations published daily by the media, people also came to understand the role of the internal auditor, one of the leading roles in the eternal fight between ethics and crime. Its mission is to mitigate risks, prevent financial loss and identify processes that could be corrupted by criminals, even if that means pointing out a slip by a colleague of years of experience. read more