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December 18, 2012

Editor’s Letter: A time for celebration

December is certainly a good month for celebration, and in line with this, The Accountant has collaborated with sister publication International Accounting Bulletin to put together a list of the 50 most influential people in accounting to acknowledge those who have made the biggest impact on the profession during the year.

This year our list includes leaders from professional bodies, firms, networks, standard-setters and regulators. Whittling down more than 100 potential names with the help of seven expert judges was no easy feat for the editorial team and there really were a huge number of people who, while not making the final list, deserve high praise indeed.

We were lucky enough to get the opportunity to put some important questions to a handful of those that made it into the 50, including International Integrated Reporting Council (IIRC) chief executive Paul Druckman, International Federation of Accountants chief executive Ian Ball, Public Company Accounting Oversight Board chairman James Doty, Ernst & Young incoming global chairman and chief executive Mark Weinberger and Grant Thornton International’s chief executive Ed Nusbaum. Please see Power 50: Most influential people in accounting to find out what they said, and who else made the list this year.

Looking back and Merry ChristmasThe year 2012 has been an eventful one for the accounting profession. The IIRC launched its prototype for the world’s first integrated reporting framework, the International Accounting Standards Board and the US Financial Accounting Standards Board finally reached a decision on lease accounting, Russia adopted IFRS in full and GLASS, a group of 13 Latin American countries seeking a unified voice in the standard setting process, was launched. You can find out more about the latter issue in our Brazilian country report.

There is no doubt that next year will be another busy one with the UK Competition Commission expected to issue its verdict on the state of competition in the audit market, further steps to be taken on the European Commission’s audit reform proposals, the US Public Company Accounting Standards Board reviewing its own audit reform proposals, and much more.

Just thinking about all that makes me tired – you will be the ones at the heart of the action. As such, I hope you all get the opportunity to relax and spend time with your friends and family during this Christmas period.

On that note I leave you all with warmest regards for a very Merry Christmas and a Happy New Year!

We will be back bringing you more news, features, top level profiles and exclusive research in 2013.

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