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IPSAS 41 aims to improve financial instruments reporting
The International Public Sector Accounting Standards Board (IPSASB) released IPSAS 41 which aims to improve the relevance of information for... read more
FRC questions advisory work role in audit independence
The independence and objectivity of PwC’s audit of British Home Stores (BHS) parent Taveta Group may have been compromised by the level of advisory... read more
ICAEW: Actions need to be taken in order to prevent the next financial crisis
The foundations for the next financial crisis are on its way unless a sense of purpose is embedded in financial services according to the report... read more
PCAOB censures Breard & Associates
The Public Company Accounting Oversight Board (PCAOB) has censured Breard & Associates. It has revoked the firm’s registration as well as imposing... read more
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The Caribbean: a digital paradise
The ICAC hosted its 36th annual conference in June this year – very much looking to the future following a tough 2017 for the Caribbean. Jonathan... read more
IMA Conference: technology and the human effect
The annual conference of the Institute of Management Accountants (IMA) took place in Indianapolis this year. Members of the profession gathered to... read more
IMA Conference: automation of the audit
At the annual conference of the Institute of Management Accountants (IMA) in Indianapolis, Deloitte partner Alex Smith gave a presentation on... read more
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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
Zambia receives €17m in financing from EU to improve PFM
Earlier this month, the government of the Republic of Zambia and the EU signed a €17m financing agreement to improve public financial management (PFM) in Zambia. This agreement and funding will contribute to the improvement of the planning, budgeting and budget implementation capacities in the African country. read more