(c) Hong Kong Institute of Certified Public Accountants. Contact HKICPA for permission to reproduce this article., Financial Services, Fraud, Risk Management

Keeping it clean: an interview with Santiago Otamendi

The Financial Action Task Force combats money laundering and terrorist financing around the world. Its President, Argentinian justice secretary Santiago Otamendi, tells A Plus about its current battle plans, and how Hong Kong and the accounting profession can help win the war. Leading the global fight against money laundering and terrorist financing should be a… Read More Keeping it clean: an interview with Santiago Otamendi

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Business Management, Enterprise Risk Management, Risk Management

5 steps to prevent complex inventory frauds

By Cecilia Locati, FCMA, CGMA Fraudsters are becoming increasingly creative. Here’s how SMEs in the manufacturing sector can guard against losses. When we think about inventory theft, we often think of a sales assistant stealing a product from a shop stockroom or an employee carrying away items from a warehouse. Although these are common forms… Read More 5 steps to prevent complex inventory frauds

(c) Hong Kong Institute of Certified Public Accountants. Contact HKICPA for permission to reproduce this article., Risk Management, Stock Market

Finding true value

By Nicky Burridge Earlier this year, the Securities and Futures Commission issued a guidance note after being increasingly concerned that some listed companies are acquiring assets at unreasonably high prices or selling assets that are undervalued. CPAs explain to Nicky Burridge the challenges in business valuation. A Hong Kong-listed company managed to lose HK$125 million… Read More Finding true value

(c) The Chartered Professional Accountants of Canada. Contact CPA Canada for permission to reproduce this article., Audit and Assurance, Risk Management

Road to recovery

By David Malamed What solutions exist to improve the possibility of recouping losses, which can range from small amounts to some of staggering proportions? “In 2013 recovery auditors returned more than US$3 billion into [Medicare’s] coffers,” US publication Modern Healthcare reported in September 2014, noting that providers that appealed those audits won fewer than one… Read More Road to recovery

(c) Chartered Accountants Ireland. Contact Chartered Accountants Ireland for permission to reproduce this article., Risk Management

The strategy of innovation

Ciarán Black and David O’Leary explain why Chartered Accountants should involve themselves in all stages of the innovation process. To most people, the mention of “accountancy” and “innovation” in the same sentence conjures up an incongruity at best. It doesn’t add-up, if you’ll forgive the pun! Accountants, however, are key business leaders and have long… Read More The strategy of innovation

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Audit and Assurance, Corporate Governance, Enterprise Risk Management, Risk Management

How to minimise financial statement risk

By Ken Tysiac Telecom giant AT&T’s director of accounting discusses a few ways organisations can avoid unintended errors in financial statements. In a complex world of evolving standards and technology, there are many risks associated with financial statements. Fortunately, there are things financial executives can do to minimise the unintended errors that can lead to… Read More How to minimise financial statement risk