The Latest Global Knowledge, Resources and News from the Gateway (2 September 2014)

The Latest Global Knowledge, Resources and News from the Gateway (2 September 2014)

Audit & Assurance

1. Discussion | Developing the IFAC SMP Committee Response: Proposed ISA Enhancements Focused on Financial Statement Disclosures 
The IFAC SMP Committee is seeking feedback on their preliminary views in response to the IAASB’s Exposure Draft, Addressing Disclosures in the Audit of Financial Statements, which is open for comment until September 11, 2014.

2. Resources | View All
COSO Transition Getting a Close Look from Auditors
Article | Chartered Global Management Accountant
Value of Audit
Website/Resource Center | Economia

3. News | View All
Five Elements of Effective Judgment Process for Auditors
August 28, 2014 | Journal of Accountancy
AICPA Releases White Paper: "Reimagining Auditing in a Wired World"
August 27, 2014 | American Institute of CPAs
Clarified, Revised SSARS Approved for Reviews, Compilations, and Engagements to Prepare Financial Statements
August 27, 2014 | Journal of Accountancy
FEE Publishes Briefing Papers on the Audit Reform
August 27, 2014 | Fédération des Experts Comptables Européens
ISCA Auditing & Assurance Conference: Mr Robert Hodgkinson on the Future of Audit - Singapore Accountancy Convention 2014
August 22, 2014 | Institute of Singapore Chartered Accountants

Business Reporting

1. Discussion | Coming Soon: Final Guidance on Supplementary Financial Measures 
Sneak peek at the upcoming guidance on developing and publishing high-quality supplementary financial measures for internal and external reporting.

2. Discussion | IASB Progresses Review of IFRS for SMEs
As part of its comprehensive review of the International Financial Reporting Standard for Small- and Medium-Sized Entities (IFRS for SMEs), the International Accounting Standards Board is seeking input from its SME Implementation Group.

3. Resources | View All
Compliance Programs: What Separates "Good Enough" from "Great"?
Report | Deloitte
The Evolution of Corporate Reporting: A Shift to Value Non-Financial Information
Article | AICPA Insights
IASB Issues Three Investor Webcasts
Audio | IAS Plus
IFRS for SMEs Fact Sheet
Guidance | IFRS Foundation
Using Integrated Reporting to Help Create Value and Effectively Tell the Full Story
Guidance | Chartered Institute of Management Accountants

4. News | View All
IPSASB Publishes Consultation Paper on the Applicability of IPSASs to GBEs and Other Public Sector Entities
August 28, 2014 | International Public Sector Accounting Standards Board
Addressing Disclosure Overload: The Interim Measures
August 25, 2014 | Business World Online
Debate on Integrated Reporting Assurance Steps up a Gear
August 25, 2014 | The Accountant

Ethics

1. Resources | View All
Compliance Programs: What Separates "Good Enough" from "Great"?
Report | Deloitte
ICAEW Ethics Podcasts
Audio | Institute of Chartered Accountants in England and Wales

2. News | View All
IESBA Roundtable
August 29, 2014 | AAT Ethics
Research Shows That Business Ethics Training Can Impact Shareholder Value
August 22, 2014 | JD Supra
IFAC SMP Committee Response to IESBA Exposure Draft: Non-Assurance Services for Audit Clients
August 21, 2014 | IFAC
Proposal Seeks to Strengthen Certain Safeguards in Code of Ethics for Accountants
August 19, 2014 | CFO Innovation

Finance Leadership & Development

1. Resources | View All
The Future of Accounting Education: Addressing the Competency Crisis
Article | Competency Crisis
Talent Pipeline Draining Growth: Connecting Human Capital to the Growth Agenda
Report | Chartered Global Management Accountant
MOOC Tracker
Website/Resource Center | Financial Times

2. News | View All
Mentorship Programme Started for CAs
August 27, 2014 | The Times of India
IAESB Releases 2013 Annual Report: Enhancing Professional Accounting Education
August 26, 2014 | International Accounting Education Standards Board
AICPA: Changes Ahead for the Way Accountants Learn
August 22, 2014 | Accounting Today
21st Century Finance: Train Yourself for Change
August 20, 2014 | Accounting Web
AICPA Accounting Competition Challenges Undergraduates to Help Guide Businesses as Management Accountants
August 19, 2014 | American Institute of CPAs
ACCA: New Initiative Will Open Up Free Business Course to Anyone, Anywhere
August 19, 2014 | Association of Chartered Certified Accountants

Governance

1. Discussion | IFAC-CIPFA Framework Receives Backing, Support from INTOSAI
The IFAC-CIPFA International Framework: Good Governance in the Public Sector has been welcomed by the International Organization of Supreme Audit Institutions.

2. Resources | View All
Compliance Programs: What Separates "Good Enough" from "Great"?
Report | Deloitte

Performance & Financial Management

1. Resources | View All
Accountants for Small Business
Article | Association of Chartered Certified Accountants
Access to Finance
Website/Resource Center | Association of Chartered Certified Accountants

Practice Management

1. Discussion | How Accounting Practices Can Support the Globalization of Small Business
Small businesses are going global, and their accountants can help them on the journey; a look at recent surveys and trends, plus nine recommendations to help accountants enhance their ability to provide international services.

2. Resources | View All
Building Networks for Finance Professionals
Article | Business Mirror
Small-Medium Practice Productivity Showcase
Article | Institute of Singapore Chartered Accountants
Being a Thought Leader Helps Your Accounting Firm Recruit and Retain Staff
Article | Accounting Today
The 7 Ways to Transition Your Practice
Article | Accounting Web
Cloud Computing: The Concept, Impacts, and the Role of Government Policy
Article | Organisation for Economic Co-operation and Development

3. News | View All
The Annual IPA Ranking of the Nations Largest 100 and 200 Firms
August 27, 2014 | Inside Public Accounting
Accountancy Firm Numbers in Free-Fall
August 26, 2014 | Economia
Accounting Firms on the Hunt for Consultancies
August 22, 2014 | Accounting Today
CPAs Have Opportunities in Financial Planning and Forecasting
August 20, 2014 | Journal of Accountancy

Risk Management & Internal Control

1. Resources | View All
10 Tips to Help Prevent a Data Breach
Article | NFIB.com
Five Steps to Countering Fraud in Academies
Article | Chartered Institute of Public Finance and Accountancy

2. News | View All
Lessons from an $8 Million Fraud
August 27, 2014 | Journal of Accountancy
EU Commissioner Says Sweeping Data Protection Changes Still Needed
August 22, 2014 | Compliance Week
Organizations Urged to Reward Those Who Question Corporate Culture
August 21, 2014 | Association of Chartered Certified Accountants

Sustainability

1. Discussion | The Sustainability Imperative for Small Business
Small- and medium-sized entities (SMEs) might think that sustainability is only relevant to large companies—that for a small business, the administrative and financial costs outweigh the benefits.

2. Resources | View All
Trends in Corporate Social Responsibility 2014
Article | Grant Thornton

3. News | View All
Channel NewsAsia Sustainability Ranking
August 27, 2014 | CSR Asia
What Makes BT's Net Good Carbon Program a Game-Changer?
August 22, 2014 | Greenbiz.com
Show Me the Money: How Sustainability Creates Revenue at Bloomberg
August 22, 2014 | The Guardian
UN: Better Public Spending Could Deliver $22trn for Sustainability
August 21, 2014 | Public Finance International

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