By Steve Bruce CA Steve Bruce discusses organisational culture and the challenges for internal audit. In a follow-up article he will focus on why internal audit should audit culture and highlight the different approaches and challenges when carrying out this audit.
By Aedín Morkan Here is a five-step plan to help charities tell their story through the annual report and financial statements. The public has a right to know that charities are economical, efficient and effective in the work they do. High-quality financial reporting by charities plays a key role in meeting the public’s reasonable expectation… Read More A roadmap to good financial reporting by charities
Fred Nieto, Head of Investor Engagement of the IASB on the implications behind the soon-to-be implemented IFRS 15 Revenue from Contracts with Customers. Investors don’t analyse investments in a vacuum. Comparing a company’s financial performance with that of its peers is a critical step in making informed investment decisions. After all, it’s difficult for an… Read More Judgments and estimates in revenue recognition
Following the triggering of Article 50, the implications of the June 2016 UK referendum remain at the forefront of political debate in the UK. The impact that Brexit will have on the UK’s financial reporting infrastructure and the related international ramifications have, however, not yet attracted sufficient attention. As part of ICAEW’s ongoing response to… Read More Brexit: implications for financial reporting
A new approach that supports businesses looking to contribute to the achievement of the sustainable development goals (SDGs) as part of their value creation process has been published today by the International Integrated Reporting Council (IIRC) and ICAS, in partnership with the Green Economy Coalition. The report, authored by academic Professor Carol Adams CA of… Read More Aligning your business to your sustainable development goals
Corporate reporting needs to adapt to economic reality and stakeholder expectations. Could integrated reporting be the solution? By Brendan Sheridan Integrated reporting (IR) represents “an umbrella report for an organisation’s broad suite of reports and communications, enabling greater interconnectedness between different reports – the way to achieve a more coherent corporate reporting system, fulfilling the… Read More The rise of integrated reporting