As noted above, upskilling is a current battle cry in the accounting sector.“There is a clear need,”write the authors ofAccountancy Skills Evolution: Impact of Covid-19 & the Path Forward,“for well-rounded skillsets that combine technical skills and professional skills that are rooted in re...
We're present in key accounting forums like the International Federation of Accountants (IFAC), the Confederation of Asia Pacific Accountants (CAPA), the ASEAN Federation of Accountants (AFA), Accountancy Europe and the Pan African Federation of Accountants (PAFA). Find out more abouthow we build...
the qualification is based on international accounting and auditing standards and is IFAC compliant The Professional qualification is of a high standard and is equivalent to completing full University Degree with exams twice a year students can work while they study personal satisfaction of having acquir...
but no two sets are exactly the same. There are many reasons for this. One is that different countries view and practice accounting and financial reporting in very different ways. In most cases, a country's accounting practices revolve around the needs of its government. No two countries are...
IFAC requires its members to implement the CPD model which will help in enhancing the competitiveness of accountants across the country. Information on the policies that need to be considered by accounting institutes in meeting international accounting standards is also mentioned.Keats...
Nasir has held accounting, finance and CEO roles in the power sector and Malaysia’s national entrepreneur development corporation, Perbadanan Usahawan Nasional Berhad. Jelena Misita Jelena is chair of the International Federation of Accountants (IFAC) PAO (Professional Accountancy Organisation) Development...
dealings prepares two sets of financial reports: one according to the converged guidelines and one according to the GAAP of its home country. Auditing is handled in much the same way with each set of financial statements being audited using the standards of the specific group it was prepared ...
What IFAC initiatives were taken, in response to robotics and the internet of things? How does one determine which form of business is most suitable? What are the steps of revenue recognition? What are some of the distinguishing characteristics of e-business that make it different from traditiona...
The trick is to deliver the benefits of regulation in a manner that is efficient, sustainable and effective. This report aims to recapture the momentum of late 2009 in the UK and approach these challenges from first principles, at a time when the regulatory reform agenda in Britain and abroad...
Audits are mainly designed to determine whether a company’s financial statements are “reasonably stated.” In other words, this means that audits do not always cover enough ground to identify cases of fraud. In short, a clean audit offers no guarantee that an organization’s accounting is com...