• Register
Return to: Home > News > Professional Bodies > IFAC releases report to help accountants in business deal with technological changes

IFAC releases report to help accountants in business deal with technological changes

IFAC has released a report to help accountants in business remain relevant at a time of increasingly fast paced technological changes.

IFAC’s professional accountants in business committee chair Charles Tilley wrote in the report introduction: “Technology is the principal driver that enables the finance function to be a more effective business partner working with the business by helping provide security, control, and quality decisions focused on value creation and preservation. If the accountancy profession and professional accountants in business do not embrace change, other current or emerging professions will take our coveted place at the heart of business.”

To help professionals the report looked at the continued evolution of the profiles of finance leadership and accountants in business. This implied effective risk management and rapid cognitive business development due to digital disruption.

The report can be found here.

Top Content

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more

    FASB: a quest for simpler standards

    FASB chair Russell Golden addressed the IMA 2019 Annual Conference and Expo at the Sheraton San Diego Hotel and Marina, California, on 18 June. IMA immediate former chair-emeritus Alex Eng acted as moderator. Joe Pickard reports.

    read more

    The future of audit, and how to get there

    Two recent reports peer into the future of the audit profession. One analyses what an audit should offer, while the other looks at how the audit process will be carried out. Robin Amlôt takes a closer look at both.

    read more

    EFAA elects new president, focuses on digital future

    EFAA’s new president, Salvador Marin, outlined his key priorities for the next two years at the organisation’s 2019 annual general meeting, while outgoing president Bodo Richardt offered advice. Robin Amlôt reports.

    read more

    CORONAVIRUS TIMELINE: REACTIONS FROM THE ACCOUNTANCY PROFESSION

    As the Coronavirus (COVID-19) continues to spread across the world, the International Accounting Bulletin and The Accountant will be collating all the latest news and updates from the profession on the pandemic’s impact.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.