(c) Institute of Chartered Accountants of Scotland. Contact ICAS for permission to reproduce this article., Corporate Governance, Financial Reporting

Restoring trust and relevance in corporate reporting

By Amy Hutchinson A look at how ICAS is shaping the debate on corporate reporting. ICAS has highlighted the importance of considering the corporate governance and corporate reporting environment in the ongoing UK audit quality debate. We cannot look at audit in isolation – it is one part of a wider system of assurance which is… Read More Restoring trust and relevance in corporate reporting

(c) South Africa Institute of Chartered Accountants. Contact SAICA for permission to reproduce this article., Financial Reporting

Proposed deferral of IFRS 17

By Esther Pieterse and Gerdus Dixon This is not the time to take the foot off the pedal… The International Accounting Standards Board (IASB) at its meeting on 14 November 2018 tentatively decided to propose that: The mandatory effective date of IFRS 17, Insurance Contracts (IFRS 17), be deferred by one year, to 2022, and The fixed… Read More Proposed deferral of IFRS 17

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

The next chapter for integrated reporting

The International Integrated Reporting Council on why integrated reporting is a highly effective tool for both big and small businesses. In the past, financial balance sheets and profit statements represented over 80 percent of the value of a business. Unsurprisingly, all the attention was on financial capital; where it came from, what happened to that… Read More The next chapter for integrated reporting

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

The future

Since launching in 1999, over 20,000 graduates have completed the Institute’s renowned Qualification Programme. Four young and bright top students tell Jeremy Chan what surprised them about the experience and how it was unlike any course they had ever done. “I remember going to the first few workshops and feeling quite lost by the end,”… Read More The future

(c) South Africa Institute of Chartered Accountants. Contact SAICA for permission to reproduce this article., Financial Reporting

Transparency reporting: a health check

Current levels of fraud and corruption in South Africa have resulted in calls for greater transparency and accountability by businesses. Transparency reporting is an opportunity for audit firms to demonstrate their commitment to audit quality Transparency reports issued by audit firms to assist stakeholders in understanding how the systems of the firm are functioning can… Read More Transparency reporting: a health check

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

Insurance accounting redefined

IFRS 17 is recognized as one of the most significant changes to insurance accounting in decades. With less than three years before the new standard comes into effect, Nicky Burridge looks at the requirements of it and how implementation can help Hong Kong ensure its place as a leading financial hub. Imagine a global insurer… Read More Insurance accounting redefined