GAA Accounting

The Journal of the Global Accounting Alliance


by GAA Accounting
Comments Off on But everyone’s doing it

But everyone’s doing it

By Karen Wensley

How can we prevent people from interpreting “aspirational” goals as an invitation (or a directive) to cheat?

One of the most common rationalizations for bad behaviour is the “standard practice” argument — everyone is doing it. It’s what my mother warned me against: “If all your friends were jumping off a cliff, would you do that too?” Continue Reading →

Clinton v Trump

by GAA Accounting
Comments Off on Partners in adversity

Partners in adversity

By Adam Creighton

Opposition to the Trans-Pacific Partnership is one of the few things that unite US presidential candidates Donald Trump and Hillary Clinton. But campaign politics don’t necessarily translate into actions in office.

“I oppose it now, I’ll opposite after the election, and I’ll oppose it as President,” Hillary Clinton said in a speech in early August, seemingly snuffing out almost ten years of negotiation. If the US fails to ratify the Trans- Pacific Partnership (TPP) it would be its first rejection of a trade deal since President Woodrow Wilson made the pursuit of free trade one of his “14 points” principles for world peace almost 100 years ago. Continue Reading →


by GAA Accounting
Comments Off on Brexit: 100 days on…

Brexit: 100 days on…

Business leaders should start to consider risks and disruptive effects on a ‘hope for the best, plan for the worst’ basis, writes Cormac Hughes.

It is 100 days since the shock 23 June vote for Brexit. What is clear is that the UK will not commence formal exit negotiations (by triggering Article 50) until 2017. Internal European Union (EU) politics require a tough negotiation with no sweetheart deal, and the vote has created such practical complexities that many believe it will take far longer than two years to complete the disentanglement. Continue Reading →


by GAA Accounting
Comments Off on It’s the economy, stupid

It’s the economy, stupid

By Steve Lewis

If recent election and referendum results are anything to go by, then voters are increasingly fed up with the political establishment. And it is forcing an economic rethink.

The era of the angry voter is here, and anti-establishment parties are appealing to a growing number from both the left and right of the political spectrum.

How else do we explain the simultaneous rise of Bernie Sanders and Donald Trump in the United States; Sanders proudly proclaiming his socialist roots as he championed greater intervention to prevent another GFC-style collapse, and Trump reaching out to democracy’s dropouts in the far-flung hamlets of middle America? Continue Reading →


by GAA Accounting
Comments Off on Fixing a schooling system in crisis

Fixing a schooling system in crisis

By Johnathan Dillon

South Africa’s basic education system is in desperate need of an overhaul, and two important aspects of a successfully revamped education system are a student-centred focus and passionate teachers. 

Few South Africans would deny that our basic education system is in a crisis. The quality of our education system, especially maths and science, is so poor at present that it is ranked at the bottom when compared to other countries around the globe.1 Continue Reading →


by GAA Accounting
Comments Off on The relentless entrepreneur

The relentless entrepreneur

By Lynn Grala

Just eight years ago, along with three million other Zimbabweans, today’s high-flying yet humble entrepreneur, Mose Kutadzaushe, fled his motherland in desperate search of a financial oasis. Disillusioned by the hopeless economic situation of Zimbabwe and by medical insurance companies that defaulted on payments to hospitals, leaving his sick father and many other patients stranded in a pitiful condition, he was driven to action.

His financial oasis, South Africa, did not offer him the immediate comfort he had been anticipating. Mose Kutadzaushe tells how, besides cold calling contact people on websites, he walked 7 kilometres to the nearest Internet café in Johannesburg to send off job applications, then log off, sit outside and wait to log on again to check if perhaps some company had hopefully responded, and then head home, only to return the next day. This went on for three long, hard months. Continue Reading →