April 5, 2016
Last chance to have your say on the changes to the structure of the Code of Ethics for Professional Accountants
(the Code), as proposed by the International Ethics Standards Board for Accountants (IESBA). To comment on
the changes, which aim to enhance the clarity and usability of the Code, see the Exposure Draft on the IESBA
website by April 18.
WHAT'S IN THIS ISSUE
Latest Viewpoint
Audit & Assurance
Business Reporting
The Future of the Accountancy Profession: Continuation or
Transformation?
by Daniel Susskind, Economist, Author, and Lecturer, Balliol
College, University of Oxford
Ethics
Finance Leadership & Development
Governance
Performance & Financial
Management
Practice Management
Risk Management & Internal Control
Sustainability
What forces will impact the accountancy profession in the
future? Daniel Susskind, co-author of The Future of the
Professions, uses groundbreaking research on technological
change to consider two different paths forward: either
tomorrow will be a continuation of the services, roles, and
business models used today or it will be very different. In this
video Viewpoint, we ask Mr. Susskind several questions,
including if technology will ever replace the judgement,
intuition, and trust placed in professional accountants?
Audit & Assurance
1. Resources | View All
Benchmark on Key Audit Matters
Report | MAZARS
The Future of Audit
Report | Association of Chartered Certified Accountants
2015 Survey of Inspection Findings
Report | International Forum of Independent Audit Regulators
Data Analytics for External Auditors
Report | Institute of Chartered Accountants in England and Wales
Growing Your Practice: Review, Compilation and Agreed-Upon Procedures Engagements
Presentation | IFAC
2. News | View All
IAASB Aims to Make Auditor Reports More Transparent
April 1, 2016 | In the Black
IAASB March 2016 Meeting Highlights Podcast
March 30, 2016 | International Auditing and Assurance Standards Board
IAASB Finalizes Changes for Engagements to Report on Summary Financial Statements
March 29, 2016 | International Auditing and Assurance Standards Board
The Future of Audit
March 24, 2016 | Grant Thornton
‘Ten Years’ to See Fruits of Mandatory Rotation: Non-Big Four Auditors
March 24, 2016 | Accountancy Age
Audit Needs to Respond More Quickly to Change, Evolve or Die, New Report Finds
March 23, 2016 | Association of Chartered Certified Accountants
Research Spotlight: Virtual Reality Makes Auditing Come to Life
March 23, 2016 | American Institute of CPAs
Promoting Audit, Compliance and Risk Management Collaboration
March 20, 2016 | Fei Daily
FRC Gets Going Soon as Financial Watchdog
March 2, 2016 | The Financial Express
Business Reporting
1. Resources | View All
Guide to IFRS in Canada: IAS 2 Inventories
Guidance | CPA Canada
A Guide to the IFRS for SMEs: 2016 Update
Guidance | IFRS Foundation
2. News | View All
US FASB Updates Stock-Award Accounting Rules
April 1, 2016 | Wall Street Journal CFO Journal
The IFRS Foundation Publishes the IFRS Taxonomy 2016
March 31, 2016 | IFRS Foundation
Paul Druckman, CEO, IIRC Addresses the United Nations Economic and Social Council
March 31, 2016 | IIRC
ICAEW Criticises Quality of IASB, IFRS Foundation's Work
March 31, 2016 | Investments & Pensions Europe
India: Companies with Over Rs 500 Crore Net-Worth Need to Toe New Accounting Rules
March 31, 2016 | Economic Times
Corporate Reporting Dialogue Publishes Statement on Materiality
March 30, 2016 | Corporate Reporting Dialogue
ICAI to Submit Report on Accounting System to Railways by August
March 29, 2016 | DNA India
The Federation Responds to EC’s Consultation on Long-Term and Sustainable Investment
March 24, 2016 | Fédération des Experts-comptables Européens – Federation of European Accountants
Numbers Don't Change, but Accounting Principles Do
March 24, 2016 | Accounting Web
BICA Urges: ‘Move Business Licence into 21st Century’
March 24, 2016 | Tribune 24
Plenty of Work Ahead for Lessees Adjusting to New Leasing Standard
March 24, 2016 | Accounting Today
Sri Lanka Promotes ‘Integrated Reporting’ with New Council
March 24, 2016 | Economy Next
Do We Need Global Standards for Not-for-Profits?
March 22, 2016 | Public Finance International
IASB Faces Battle to Reconcile Divergent Views on 'Prudent' Accounting
March 22, 2016 | Investments & Pensions Europe
Accounting’s 21st Century Challenge: How to Value Intangible Assets
March 21, 2016 | Wall Street Journal
India Not Ready for New Accounting Standards
March 21, 2016 | Accounting Today
Accounting Records in China: Keeping Up to Date with the New Regulations
March 21, 2016 | China Briefing
Over Half of India Inc Not Ready for Indian Accounting Standards Implementation: PwC
March 20, 2016 | Business Standard
The Common Reporting Standard: Impact on Financial Services Institutions
March 1, 2016 | The Tax Adviser
Ethics
1. Discussion | Up-Close with Wendy Yung, Founder, Practising Governance
Wendy Yung, Founder, Practising Governance, discusses why it is important to practice responsible ethics
in the private sector.
2. News | View All
Anti-Retaliation Protections Can Hinder Audit Whistleblowing
April 1, 2016 | Accounting Web
Anti-Fraud Controls Cut Significantly into Losses, New Report Finds
March 30, 2016 | Journal of Accountancy
Kristian Koktvedgaard Re-Appointed Chair of IESBA Consultative Advisory Group
March 30, 2016 | International Ethics Standards Board for Accountants
Kenyan Business Community Launches Anti-Graft Drive to Improve Integrity
March 24, 2016 | ShanghaiDaily.com
‘Ten Years’ to See Fruits of Mandatory Rotation: Non-Big Four Auditors
March 24, 2016 | Accountancy Age
The Morning Risk Report: Anti-Retaliation Reminders May Deter Whistleblowing
March 23, 2016 | Wall Street Journal
Business Ethics Round Up: The Usual Suspects
March 22, 2016 | Huffington Post
Whistleblower Protections and Incentives for Auditors and Accountants
March 21, 2016 | The National Law Review
World Needs to Re-Energise Bribery Fight
March 17, 2016 | Economia
IESBA March 2016 Meeting Highlights Podcast
March 16, 2016 | International Ethics Standards Board for Accountants
FTSE 100 Companies Still Fail to Provide Shareholders with Information on Ethics
March 14, 2016 | Chartered Institute of Internal Auditors
Companies Criticized over Failure to Disclose Ethics
March 13, 2016 | Financial Times
'Red Flags' That Signal Companies at Risk of a Corporate Scandal
March 7, 2016 | The Telegraph
Finance Leadership & Development
1. Discussion | Up-Close with Sanjay Rughani, CEO, Tanzania, Standard Chartered Bank
Sanjay Rughani, CEO Tanzania at Standard Chartered Bank offers his perspectives as a professional
accountant in the banking industry.
2. Resources | View All
Interview with Joy Thomas, New President and CEO of CPA Canada
Article | CPA Canada
How to Impress Your Managing Partner
Article | American Institute of CPAs
Should You Accept a Counteroffer from Your Employer?
Article | Journal of Accountancy
3. News | View All
CFOs Strive to Balance Analytical Leadership with Cost Control
April 4, 2016 | CFO Innovation
Closing the Gap: How to Beat the Competency Crisis in Accounting
March 29, 2016 | Business Learning Institute
AICPA Sets Date for Vote on Going International
March 29, 2016 | Accounting Today
Why I’m Optimistic about the Profession’s Future
March 29, 2016 | Accounting Today
Seven Ways to Make Busy Season More Fun
March 29, 2016 | AICPA Insights
CFOs Will One Day Become CTFOs, Says ACCA
March 29, 2016 | CIO-Asia
State of Accounting: Big Waves of Change, Oceans of Opportunity
March 28, 2016 | Maryland Association of Certified Public Accountants
Accountancy Does Not Mean ‘Boring Big Banks’
March 24, 2016 | AAT
Qualifying for First Officer
March 24, 2016 | Association of Chartered Certified Accountants
Research Reveals Indian Businesses Need to Address Skills Gaps in Their Finance Function to Compete
Globally
March 22, 2016 | Association of Chartered Certified Accountants
As Women Take Over a Male-Dominated Field, the Pay Drops
March 22, 2016 | New York Times
Salary Outlook Favors Talented Accounting and Finance Professionals
March 22, 2016 | In the Black
Governance
1. Resources | View All
Corporate Governance: India
Presentation | Institute of Cost Accountants of India
2. News | View All
Anti-Fraud Controls Cut Significantly into Losses, New Report Finds
March 30, 2016 | Journal of Accountancy
Corporate Governance Is Key
March 24, 2016 | NationNews
World Needs to Re-Energise Bribery Fight
March 17, 2016 | Economia
Performance & Financial Management
1. Discussion | Accountancy Evolution: Eye on the Future–The Editor’s Review Series No. 4
A brief review of Gateway articles that cover the future of financial management, leadership and emerging
technologies that will impact the accounting profession.
2. Resources | View All
Finance and Accounting Outsourcing (FAO): Guidance Document
Guidance | CPA Canada
Finance and Accounting Outsourcing (FAO): Overview Document
Report | CPA Canada
How SMEs Grow in an Uncertain Global Economy
Article | CGMA Magazine
Answers to 5 Common Cloud Questions for Not-for-Profits
Article | AICPA Insights
Enterprise Performance Management
Presentation | Institute of Cost Accountants of India
3. News | View All
How to Boost Sales Forecast Accuracy
March 31, 2016 | CFO.com
ICAI to Submit Report on Accounting System to Railways by August
March 29, 2016 | DNA India
Practice Management
1. Discussion | How Accounting Firms Can Maximize Marketing in the Digital Age
Richard Shuback, Brand Steward at Richard Shuback, LLC., says accounting firms should consider several
key factors when designing logos in the Digital Age.
2. Resources | View All
Case Studies: Online Accounting
Article | Accounting Today
How to Value Small to Midsized Accounting Firms
Article | Accounting Web
Winning the Culture Wars
Article | Accounting Today
19 Reasons Why Accounting Is Essential to Business Survival
Article | Talk Business
The Indispensable Discipline of Change
Article | Accounting Today
Winning the Talent War: Hiring
Video | Accounting Today
Measure the Right Numbers
Article | Accounting Web
Differentiating Client Services with a World of New Options to Address Client Needs
Case Study | CPA.com
Generational Viewpoints: New Ways of Making Rain
Article | Accounting Today
Growing Your Practice: Review, Compilation and Agreed-Upon Procedures Engagements
Presentation | IFAC
3. News | View All
Nineteen Reasons Why Accounting Is Essential to Business Survival
March 29, 2016 | Talk Business
Seven Ways to Make Busy Season More Fun
March 29, 2016 | AICPA Insights
Closing the Gap: How to Beat the Competency Crisis in Accounting
March 29, 2016 | Business Learning Institute
No Fresh Set of Eyes for Small Business, Advisers Say
March 29, 2016 | Public Accountant
State of Accounting: Big Waves of Change, Oceans of Opportunity
March 28, 2016 | Maryland Association of Certified Public Accountants
Firms Moving to Collaboration in the Cloud
March 28, 2016 | Accounting Today
Accountancy Does Not Mean ‘Boring Big Banks’
March 24, 2016 | AAT
Client Niches: Power Up Your Practice
March 22, 2016 | Accounting Web
Episode #85: Interview with Paul Kennedy: The OBK Story
March 22, 2016 | The Soul of Enterprise
How to Get First Clients for Your Accounting Firm
March 22, 2016 | Accounting Web
Risk Management & Internal Control
1. News | View All
Four Cybersecurity Pitfalls to Avoid
April 1, 2016 | AICPA Insights
Anti-Fraud Controls Cut Significantly into Losses, New Report Finds
March 30, 2016 | Journal of Accountancy
Small Firms Unprepared for Dealing with Data Breaches
March 24, 2016 | Experian
The Miner’s Friend
March 23, 2016 | Association of Chartered Certified Accountants
Regulation Still Reigns as Top Risk for 2016
March 22, 2016 | CGMA Magazine
Promoting Audit, Compliance and Risk Management Collaboration
March 20, 2016 | Fei Daily
Sustainability
1. Resources | View All
The Five Stages of Climate Change Adaptation and Roles for Accountants (Brief 3)
Report | CPA Canada
2. News | View All
Sustainability’s New Frontier: Asia
April 4, 2016 | Wall Street Journal
Paul Druckman, CEO, IIRC Addresses the United Nations Economic and Social Council
March 31, 2016 | IIRC
SASB Issues Sustainability Accounting Standards for Infrastructure Sector
March 31, 2016 | Accounting Today
What Does the Science Really Say about Sea-Level Rise?
March 30, 2016 | The Conversation
Sri Lanka Promotes ‘Integrated Reporting’ with New Council
March 24, 2016 | Economy Next
The Federation Responds to EC’s Consultation on Long-Term and Sustainable Investment
March 24, 2016 | Fédération des Experts-comptables Européens – Federation of European Accountants
US SEC Orders Exxon Mobil Shareholder Vote on Climate Data
March 24, 2016 | New York Times
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