Nowadays, everyone is talking about blockchain. But what could it mean for auditors? Does the availability of unchangeable, verified information reduce the need for auditing – or just shift the focus of the auditor’s responsibilities? This article focuses on the analysis of blockchain, its use for financial and operational information and the potential impact that… Read More Blockchain: what does it mean for audit?
From banking and securities to insurance and wealth management, finance is one of the city’s core strengths. Hong Kong’s Secretary for Financial Services and the Treasury James Lau explains to A Plus the government’s key policies in a sector that accounts for nearly a fifth of the economy and employs more than a quarter of… Read More Keeping Hong Kong on top
In December 2016, the Institute issued a new ethical standard, Responding to Non-Compliance with Laws and Regulations, following the International Ethics Standards Board for Accountants’ equivalent standard. The standard, effective on 15 July 2017, sets out a framework that guides auditors and other professional accountants on what actions to take in the public interest when… Read More New ethical standard gives new meaning on acting in the public interest
By Allon Raiz The relationship between success and failure is paradoxical – you need to risk failure in order to be successful. Samuel Smith – not his real name – and I met at an entrepreneurial conference about ten years ago. We’ve kept in touch ever since, each following the other’s business. He’s had some truly unique ideas over… Read More Risking failure in order to succeed
Are you fit enough for your board’s marathon, asks Julanie Basson. Ask any runner standing at the start of a 42 km marathon and they will tell you the fitter and better prepared you are, the easier the gruelling race will be. Many runners, including me, have attempted to run a marathon very well knowing… Read More Are you fit and proper for your board?
Richard Cree, economia‘s editor-in-chief, on the role of auditors in preventing corporate scandal.