The popularity of cryptocurrencies has soared in recent years, yet they do not fit easily within IFRS’ financial reporting structure. For example, an approach of accounting for holdings of cryptocurrencies at fair value through profit or loss may seem intuitive but is incompatible with the requirements of IFRS in most circumstances. This Viewpoint explores the […]
Business Day Adebisi Adeyemi 16 August 2015 766 words English BUSMEDI © Copyright 2015. A BusinessDay Media Ltd. All Rights Reserved. Fundamentally, governance is governance. There is no substantive difference in good governance between public companies and not-for-profit organizations; in fact, many NPOs have governance practices that equal the best practices of many public companies” […]
by Hernan Pablo Casinelli, SMEIG Member and Chairman, Comisión de Estudios sobre Contabilidad | August 5, 2015 | Introduction As it is well known, small- and medium-sized entities (SMEs) are a very important player in the global economy. However, in many cases, SMEs’ resource providers say, “I do not trust their financial statement figures.” This is […]
Chartered Accountants Ireland 5 August 2015 14:41 GMT 64 words English wc66064 © 2015 The IAASB has released an exposure draft proposing changes to ISA 810, “Engagments to report on summary financial statements”. ISA 810 deals with the auditor’s responsibilities relating to an engagement to report on summary financial statements derived from financial statements audited in […]
(New York, New York, August 3, 2015) – The International Auditing and Assurance Standards Board® (IAASB®) today released an Exposure Draft proposing changes to International Standard on AuditingTM (ISATM) 810, Engagements to Report on Summary Financial Statements. ISA 810 deals with the auditor’s responsibilities relating to an engagement to report on summary financial statements derived from […]
To support accountants in developing a greater awareness of how they can help their organisations address issues of sustainability and more fully incorporate these issues into business decisions, IFAC has released Accounting for Sustainability. From Sustainability to Business Resilience. The briefing highlights the important role accountants can, and must, play in embracing sustainability challenges and […]
(New York, New York, July 30, 2015) – The International Public Sector Accounting Standards Board® (IPSASB®) today released for comment Exposure Draft (ED) 56, The Applicability of IPSASs. ED 56 proposes to: Revise the Preface to International Public Sector Accounting Standards to provide the characteristics of public sector entities for which IPSASs are intended; Delete […]
(New York, New York, July 29, 2015) – The International Public Sector Accounting Standards Board® (IPSASB®) today released for comment a Consultation Paper (CP), Recognition and Measurement of Social Benefits. The delivery of social benefits to the public is the primary objective of most governments and social benefits often account for a large proportion of […]
(New York, New York, July 29, 2015) – To support accountants in developing a greater awareness of how they can help their organizations address issues of sustainability and more fully incorporate these issues into business decisions, the International Federation of Accountants® (IFAC®) today released Accounting for Sustainability. From Sustainability to Business Resilience. The briefing highlights […]
(New York, New York, July 20, 2015) – The International Federation of Accountants® (IFAC®), the global organization for the accountancy profession with members and associates in 130 countries, recently joined a multi-disciplinary group at the CESifo Institute in Munich, Germany, to share past lessons of over-borrowing and default, and analyze present weaknesses in sovereign debt management. […]
IAASB ACKNOWLEDGES CALL TO ACTION ON INTEGRATED REPORTING; HIGHLIGHTS ONGOING AND PLANNED ACTIONS RELATING TO DEVELOPMENTS IN EXTERNAL REPORTING
(New York, New York, July 16, 2015) – The Integrated Reporting Working Group of the International Auditing and Assurance Standards Board® (IAASB®) has released a publication, Exploring Assurance on Integrated Reporting and Other Emerging Developments in External Reporting, to inform stakeholders about the board’s ongoing work in this area. The publication’s release coincides with the […]
IFAC Welcomes Publication of Spanish Translation of Role and Expectations of a CFO: A Global Debate on Preparing Accountants for Finance Leadership
The International Federation of Accountants® (IFAC®) today published in the Spanish language a Discussion Paper developed by IFAC’s Professional Accountants in Business (PAIB) Committee, The Role and Expectations of a CFO: A Global Debate on Preparing Accountants for Finance Leadership. This Discussion Paper was released to stimulate a global debate on preparing accountants for finance leadership. It […]
The electronic version of the 2015 Handbook of the Code of Ethics for Professional Accountants is now available.Members and associates will receive a complimentary copy of the handbook. In addition, they can be accessed, and additional copies can be purchased online. Best, IFAC Communications Copyright © 2015 International Federation of Accountants (IFAC). All rights […]
A new Global Regulation survey has been launched by IFAC to assess the impact of regulation on organizations and individuals. The anonymous, 4 minute survey will help IFAC better understand how regulation impacts you and your organization, and how regulation might improve. By participating you’ll give IFAC, regulators, and policy makers invaluable insights. Take the survey today and […]
The Australian Financial Review Jonathan Shapiro, Clancy Yeates 12 June 2015 797 words English AFNR 11 Copyright 2015. Fairfax Media Management Pty Limited. The governor of the Bank of England and chair of the global Financial Stability Board Mark Carney is aggressively pushing ahead with new global standards to reign in wayward conduct of banks around the world, […]
(New York, New York, June 15, 2015) – The International Federation of Accountants® (IFAC®), the global organization for the accountancy profession, today revised upward by 16% the membership of its member bodies following analysis of membership data from 2009 to 2013. Conducted by the independent Centre for Economics and Business Research, the analysis shows that […]
IFAC SUPPORTS US TREASURY SECRETARY LEW’S CALL FOR IMPORTANT POLICY DECISIONS ON PUBLIC SECTOR FINANCES; CALLS ON G-7 TO ADDRESS THIS CRITICAL MATTER
(New York, New York, June 5, 2015) – In a speech following the G-7 Finance Ministers meeting in Dresden, US Treasury Secretary Jack Lew urged institutions—such as the International Monetary Fund, European Commission, and European Central Bank—to act, saying “there need to be some policy decisions implemented in Greece.” The International Federation of Accountants® (IFAC®) […]
Accounting Today Online Alexandra Waibel 28 May 2015 2131 words English ACTOT (c) 2015 Accounting Today and SourceMedia, Inc. All rights reserved Claire Ighodaro, a board member of the International Ethics Standards Board for Accountants, sees a need for firms to promote an ethical culture by setting a tone at the top levels of the organization. Besides […]
IFAC Releases 2014 Annual Review The IFAC Annual Review 2014, Leveraging Our Global Advantage, explains our approach to IFAC’s strategic and operational priorities—with the aim of leveraging our global advantage in a targeted manner, and allocating our substantial staff talent and experience to the greatest extent possible. Our equation for IFAC’s success is laid out in our business […]
IFAC president Olivia Kirtley talked to Public Finance International at ACOA 2015 about the challenges facing women in the accountancy profession – See more at: http://www.publicfinanceinternational.org/video/2015/olivia-kirtley-at-acoa-2015/#sthash.eRyN1Qkg.dpuf Copyright © 2015 International Federation of Accountants (IFAC). All rights reserved. – IFAC Gateway website (http://www.ifac.org/global-knowledge-gateway)
ICATT invites our Practising Members to view the attached correspondence on behalf of the TTEITI – Trinidad and Tobago Extractive Industries Transparency Initiative with regard to an expression of interest for the audit of Trinidad and Tobago’s Oil and Gas Sector.
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AUGUST 2011: The Institute of Chartered Accountants of Trinidad and Tobago celebrates its 41st Anniversary
The Institute of Chartered Accountants of Trinidad and Tobago celebrated its 41st anniversary on September 17, 2011 Please click here for more information.
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MAY 2011: Renowned Economist to give Keynote Address at the ICAC’s 29th Caribbean Conference of Accountants
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On February 10th, ICATT President, Mr. Anthony P. Pierre visited Speyside High School in Tobago to speak with the firrst ever cohort of CAPE A’ Level students at the school on careers in accounting and other issues that exist in the financial services sector. Please click here to see more.