The Latest Global Knowledge, Resources and News from the Gateway (5 August 2014)

The Latest Global Knowledge, Resources and News from the Gateway (5 August 2014)

Business Reporting

1. Resources | View All
Lease Accounting: An Update on the International Proposed Amendments
Report | Association of Chartered Certified Accountants
Assurance on <IR>: An Introduction to the Discussion
Report | IIRC
Preparing for IFRS
Article | Economia

2. News | View All
IIRC: A Call for Assurance Debate
August 1, 2014 | IIRC
Accounting Rules for Banks: Freedom to Fudge
July 28, 2014 | The Economist
Better Reporting, Governance Creates Value
July 28, 2014 | The Nation
Podcast: Improving Financial Reporting
July 25, 2014 | In the Black
Lords Sceptical about IFRS
July 24, 2014 | Economia

Ethics

1. Discussion | Developing the SMP Committee Response: The Code of Ethics and Non-Assurance Services for Audit Clients
The IFAC SMP Committee is seeking feedback on their preliminary views in response to the IESBA’s Exposure Draft on proposed changes to the Code of Ethics for Professional Accountants addressing non-assurance services for audit clients.

2. Resources | View All
ICAEW Ethics Podcasts
Audio | Institute of Chartered Accountants in England and Wales
Looking beyond the Checkbox
Report | Chartered Institute of Management Accountants, St Paul’s Institute
B20 Anti-Corruption Working Group Report to the B20 Office and Taskforce Chairs
Report | B20 Australia 2014

3. News | View All
Ethics: Think outside the Square
August 4, 2014 | In the Black
Vital Steps to Make Business Behave in an Ethical Manner
July 22, 2014 | London Evening Standard

Finance Leadership & Development

1. Discussion | How Women Leaders Create the Future
Throughout the accounting profession and beyond, women leaders play an important role in creating the future. The Global Women Leadership Foundation says women's skills begin with their formative experiences. 

2. Resources | View All
Five Ways to Get Successful on LinkedIn
Article | Smart Company
The Leading Edge: Tips from the AICPA Leadership Academy
Article | Journal of Accountancy
Making Finance Count
Article | Association of Chartered Certified Accountants
What Strategic CFOs Do Differently? 
Article | Institute of Singapore Chartered Accountants

3. News | View All
Cutting through the Complexity of the 21st Century Finance Function
August 1, 2014 | Accountancy SA
IAESB Proposes Framework to Enhance Clarity of Standards
July 24, 2014 | International Accounting Education Standards Board
Gwen Jorgensen: From Accountant to No. 1 Triathlete
July 24, 2014 | Wall Street Journal

Governance

1. Discussion | The Rise and Fall of the Aerarium: Lessons in Public Finance from the Roman Empire
Reflections on the the long-term failure of public finance in ancient Rome and the lessons we can learn from the Roman treasury system. 

2. Resources | View All
The CPA Australia Asia-Pacific Governance Survey
Article | CPA Australia
Global Public Sector Insight: Independent Audit Committees in Public Sector Organizations
Report | Institute of Internal Auditors
Looking beyond the Checkbox
Report | Chartered Institute of Management Accountants, St Paul’s Institute

3. News | View All
Better Reporting, Governance Creates Value
July 28, 2014 | The Nation

Performance & Financial Management

1. Discussion | Decoding the CAPM Mystery
Why the Nobel Prize-winning Capital Asset Pricing Model (CAPM) doesn’t work, and its scientific cure.

2. Resources | View All
Equity Risk Premium Historical Data: 1976 to 2012
Article | See It Market
Small Businesses Continue to Face Finance Constraints despite Economic Recovery
Article | Organisation for Economic Co-operation and Development
Access to Finance
Guidance | European Union

3. News | View All
SMEs Drive Hiring Rates and Growth
August 4, 2014 | Economia
The Problem of the Equity Risk Premium
July 29, 2014 | Financial Times
Big Data Tops Issues Facing Forensic and Valuation Accountants
July 23, 2014 | Journal of Accountancy

Risk Management & Internal Control

1. Resources | View All
Technology Plays a Role in Board Members’ Top Two Concerns
Article | CGMA Magazine

2. News | View All
Risk Management Costs Up Slightly
July 30, 2014 | CFO.com
Data Security: Is the Anti-Virus Software Dead?
July 30, 2014 | CFO Innovation
Rise in Young Fraudsters
July 28, 2014 | Economia
Corporate Boards Worrying Less about Compliance Risk
July 24, 2014 | Accounting Today
IIA Sees Need for Public Sector Audit Committees
July 23, 2014 | Accounting Today
Singapore Fraud Survey 2014
July 22, 2014 | KPMG

Sustainability

1. Resources | View All
Trends in External Assurance of Sustainability Reports: Update on the US
Report | Global Reporting Initiative
Tomorrow's Business Success
Guidance | IIRC

2. News | View All
Sustainability Accounting Standards Board Rise Highlighted by Harvard Study
August 4, 2014 | Just Means
Cut Income Taxes, Raise Carbon Taxes Says IMF
August 1, 2014 | Hamilton Spectator
Profit, Planet and People
July 24, 2014 | The Hindu Business Line
GRI Appoints Michael Meehan as New Chief Executive
July 22, 2014 | Global Reporting Initiative

Audit & Assurance

1. Discussion | Working Our Way to Consensus: Internal Controls and the Audit of Smaller and Less-Complex Entities
Firms can have very different approaches to the requirements of the International Standards on Auditing that address risk, in particular with regard to internal controls.

2. Resources | View All
Auditing Special Purpose Frameworks: Tests of Balances
Article | Accounting Web

3. News | View All
ICAEW Rejects Local Audit Proposals
July 30, 2014 | Economia

Practice Management

1. Discussion | Monitoring and Benchmarking Key Performance Indicators: Part Two
Part One of this two-part series looked at how to select key performance indicators; Part Two looks at benchmarking and using the data.

2. Discussion | Is Value Pricing the Way of the Future? We Asked and You Said Yes!
We asked if you think Value Pricing will be the strategy of the future—results are in!

3. Resources | View All
Going Global: Social Media Marketing for Small Businesses
Report | American Express SmartBrief
Time’s Up: The Benefits and Challenges of Moving Away from the Billable Hour
Article | Journal of Accountancy
Using Excel to “Map” a Trial Balance to a Set of Accounts – Part 2
Article | Institute of Chartered Accountants in England and Wales
Survey: How Accountants Keep Up with Tech Trends
Article | CPA Trendlines
Travel Industry Experts Show How You’re Missing Savings
Article | Public Accountant
“Big Data” Listed as Top Issue Facing Forensic and Valuation Professionals in Next Two to Five Years: AICPA Survey
Article | American Institute of CPAs

4. News | View All
Jobs, Enterprise, and Innovation Committee Launch Report on Access to Finance for SMEs
July 30, 2014 | CPA Ireland
Demand for Accountants Brings Rising Salaries, Signing Bonuses
July 23, 2014 | Crain's Detroit Business
Big Data Tops Issues Facing Forensic and Valuation Accountants
July 23, 2014 | Journal of Accountancy

Prepared by IFAC's Communications Department. Contact communications@ifac.org for further information. 

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