Editor's letter: Are the spin professionals back to rescue the tax profession?
Almost a year ago, in the editor’s letter in our sister publication, International Accounting Bulletin, I took my hat off to the hundred or so journalists who, for over 12 months, dug into the leaked files of Panamanian law firm Mossack Fonseca, as well as to the source(s) who leaked the documents, shedding light on the opaque world of international tax dodging.
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How much of IFRS trickles down to accounting standards for SMEs?
The European Federation of Accountants and Auditors for SMEs (EFAA) looked into the ‘trickle down’ effect of IFRS into accounting standards for SMEs, based on a study of five European countries: Germany, the UK, the Netherlands, Spain and Portugal. The findings of the study were discussed at an event in Brussels. Our correspondent on-the-ground, Laura Fiorini reports
Can humans replace machines?
There was a time when mankind wondered if the workforce would ever be replaced by machines, the idea fuelled the creative spirits of science fiction authors. However, as technological advances revolutionise every aspect of life at a faster pace than humans can cope with, have we reached the point where machines are so prevalent that we need to ask if humans can replace them? Two events held in Brussels in March tackled this issue within the financial services sector, looking at implications in terms of practices but also regulation. Our Brussels correspondent, Laura Fiorini, reports
Highlights International Women’s Day 2017 contributions
To celebrate International Women’s Day, progress made and the road ahead, International Accounting Bulletin opened its pages throughout the month of March to female professionals from across the globe. All contributions are accessible online, but here we publish some highglights. Compiled by Vincent Huck
Editor's letter: When we won’t need to celebrate women’s day
The fact that 53% of white women voted for Donald Trump in the last presidential election in the USA is something I’m still trying to come to terms with. Although 54% of women voted for Hillary Clinton, when a racial filter is applied on the demographics, white women voted in majority for Trump. This fact defies all logic to me – don’t get me wrong, gender shouldn’t play any part in the way one votes, be it our own gender or the gender of the candidates – but how does one vote for someone who constantly and proudly makes disgusting remarks about one’s own gender (or race for that matter)?
Ethics and the pressure on the accountant to do the right thing
Accountants are no longer just crunching numbers, but as they move into the “trusted advisor” space, their ethics are being tested with greater force and not all can resist the pressure to act unethically. In fact, according to a recent survey, one third of European accountants working in small and medium-sized practices (SMP) admitted they had crossed the line. Stephanie Wix reports
Q&A: can the profession afford to keep its ethics intact?
At an event held at the EU Parliament, the European Federation of Accountants and Auditors for SME’s (EFAA) presented a joint research with Accountancy Poland (SKwP) on a survey of accountants in business and practice in mainly small and medium sized firms across Europe. The panel discussion was followed by a Q&A session with the audience. Here are the highlights of this session compiled by Stephanie Wix.
International Women's Day: To quit or not to quit
By Lorrain Miriro Chitereka, financial accountant at Delta Beverages (Private) Limited, member of the Institute of Chartered Accountants of Zimbabwe, Public Accountants and Auditors Board and Women Chartered Accountants Network