The development of the smart city is an important element in ensuring the sustainable urbanisation of the world. But for this to happen, more focus is needed on strengthening accounting, financial management and governance, over and above just focusing on technology, according to a new report by ACCA. The report...
The Pensions and Lifetime Savings Association published its 42nd Annual Survey.  The findings highlight costs for operating defined benefit (DB) schemes have increased by 37% in one year.   Since 2015, the mean running cost of DB schemes has increased by 37% from £400 to £546 per member. This is largely...
The IAESB have released new materials in support of its recently revised IES 1, Entry Requirements to Professional Accounting Education Programs (2014). In addition to an overview document, the following support materials are now available: A guidance paper addressing what needs to be considered in setting educational entry requirements to professional...
Two research reports, jointly commissioned by the IIRC, the IAAER and ACCA, shed light on the progress made since the publication of the International <IR> Framework, and discuss the challenges that lie ahead as <IR> aims to become the reporting norm. Speaking at the launch of the reports in London,...
An optimum blend of skills, experience and intelligence are now needed by professional accountants, finds an in-depth global research project from ACCAWith feedback from over 2,000 business and finance professionals around the world, the future of the accountant report is the most in depth analysis of the profession –...
ICAEW is to take advantage of changes to insolvency licensing by offering partial licenses for insolvency practitioners.Bob Pinder, ICAEW Regional Director, said of the decision: ICAEW is the UK’s largest insolvency regulator, ICAEW licensed practitioners gain a wealth of benefits and support. Now, through the introduction of partial licenses, those...
The UK Government should build on the existing UK strategic report regime when implementing the EU’s Non-Financial Reporting Directive (NFR) in the UK, according to ICAEW. In their response to the Department for Business Innovation and Skills’ (BIS) Call for view on effective reporting alongside proposals to implement EU...
IPSASB has published The Applicability of IPSASs and a revised Preface to International Public Sector Accounting Standards (Preface), which change how the IPSASB communicates the type of public sector entities that it considers when developing an IPSAS or Recommended Practice Guideline (RPG).Until now, IPSASs and RPGs have included a definition of...
A report on global regulation issued by IFAC calls for political leaders and governments around the world to follow ten principles for consistent, high-quality global regulation, to aid global economic growth. The ten principles were identified by 30 senior executives and experts from regulatory agencies, financial markets, government, academia, listed...
As the call for Integrated Reporting (IR) in business grows, accountants will be instrumental in the development and implementation of the integrated reporting process, the latest joint report from ACCA and IMA finds. The report, “From Share Value to Shared Value: Exploring the Role of Accountants in Developing Integrated...