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Tag Archives: Accounting Profession News

Corporate Reports Still Hold Value to Stakeholders but Undermined by Length, Complexity: ACCA

KARACHI (February 01, 2012) – Corporate reports are being held back by confusion over their different audiences, their complexity, and lack of timeliness, according to a new ACCA (the Association of Chartered Certified Accountants) survey of annual report users ahead of the annual corporate reporting season. Respondents state in ACCA's report called 'Re-assessing the Value of Corporate Reporting' that there ...

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75% CEOs Admit There is Room for Improvement in Measurement of Non-Financial Value: AICPA

But just 51 percent of nearly 300 CEOs surveyed in 21 countries say their organizations currently measure the value of non-financial assets well or very well. And only 12 percent now turn to their finance teams for help with the task. AICPA and CIMA are releasing these findings today at simultaneous events in New York and London launching the Chartered ...

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Squeeze on Public Finances will Continue into 2017, says Leading Public Sector Think Tank

LONDON (December 22, 2011) – “Audit and financial management adding public value” was the theme of ACCA’s (the Association of Chartered Certified Accountants) third international public sector conference held recently in London. The conference was organised to draw out lessons learnt over recent years, and understand the key challenges from a range of high profile international speakers and focus on ...

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AICPA Unveils Interactive Checklists to Ease Tax Preparation

NEW YORK (December 20, 2011) – Tax professionals have always looked to the American Institute of Certified Public Accountants’ Tax Practice Guides and Checklists as an essential tool for ensuring high quality standards in the preparation of clients’ returns. This season, however, the package has become even more valuable with the introduction of Interactive Tax Checklists that save time and ...

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AICPA and Brazilian Accounting Bodies Agree on Memorandum of Understanding

NEW YORK (Dec. 9, 2011) – The American Institute of CPAs (AICPA), the Conselho Federal de Contabilidade (CFC – Federal Accounting Council) and the Fundao Brasileira de Contabilidade (FBC – Brazilian Accounting Foundation) announced that they have agreed to a Memorandum of Understanding. The two-year agreement was signed earlier this week at the CFC offices in Brasilia. The MOU, intended ...

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Challenge of Diversity in Workplace: Experts to Offer Solutions for the Future

KARACHI (December 02, 2011) – The low representation of women in the boardroom, growing income inequality, and the retention of talent have all been prominent in recent news headlines. To better understand the challenges of workplace diversity, expert opinion and research findings will form the content of three global Expert Panels all centred on the theme of Diversity – launched ...

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International Committee Roundtable Advances Discussion on Integrated Reporting

NEW YORK (Nov. 16, 2011) – The International Integrated Reporting Committee (IIRC) held a roundtable meeting earlier this week at SAP’s Executive Briefing Center in Palo Alto, California to gather perspectives on integrating governance, environmental and social performance information into organizational financial reporting. The meeting, co-convened by the AICPA, Ceres and Sustainable Silicon Valley, was attended by business leaders from ...

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USA and Hong Kong Sign Mutual Recognition Agreement for Accounting Profession

NEW YORK and NASHVILLE (October 24, 2011) – The U.S. International Qualifications Appraisal Board (U.S. IQAB) and the Hong Kong Institute of Certified Public Accountants have entered into a five-year Mutual Recognition Agreement that establishes the basis for reciprocity between the U.S. and Hong Kong accounting professions. “The agreement we’ve signed today with the Hong Kong Institute of Certified Public ...

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The World has Changed – So Should Reporting: IIRC

KARACHI (September 12, 2011) – Business and investment leaders today call for a new approach to corporate reporting in a landmark Discussion Paper, called Towards Integrated Reporting – Communicating Value in the 21st Century, published by the International Integrated Reporting Committee (IIRC). Integrated Reporting will provide more comprehensive and meaningful information about all aspects of an organization’s performance and position, ...

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