neoaccounting

https://www.podomatic.com/podcasts/acca-insights/episodes/2018-03-23T05_43_28-07_00

https://insights.accaglobal.com/2018/03/21/rfr_legalrisks/pugpig_index.html

    16 November 2017 — Many thousands of business and finance professionals are looking up “Sydney” this week as registrations open for the World Congress of Accountants (WCOA), the world’s largest gathering of accountants being held at the International Convention Centre (ICC) in Sydney, Australia from 5-8 November next year. The numbers add up for Sydney, which last hosted the event in 1972, with it estimated to be worth $18 million to New South Wales (NSW) in 2018. Held every four years, WCOA is an initiative of the International Federation of Accountants (IFAC). Expected to attract more than 6,000 delegates from 130 countries next year, Chartered Accountants ANZ (CA ANZ) and CPA Australia will co-host the prestigious event being held in Sydney for the first time in 46 years. “I’ve heard people call WCOA the ‘Olympics of Accountants’ — I guess because it’s held every four years, and brings together the best business and finance minds from around the world. It t...

  Global Challenges | Global Leaders is a theme that speaks to the innovative way our profession turns challenges into opportunities. Our conference program will reflect this. With massive social, political and technological changes sweeping the globe, the need for decisive, impactful leadership is now. This leadership must be grounded in values like integrity, trust and honesty, and must embrace diversity, new technologies and innovation. As accounting professionals, we are perfectly positioned to lead and make a difference. Protecting  the public interest and building prosperity; Safeguarding  the future of the accounting profession;  Building trust  and confidence in financial advice;   Leadership   addressing the challenges;  Technology embracing disruptive technologies;  Ethics and integrity  the core of the profession;  Sustainability  integrated reporting and transparency;

History of the 114-year-old WCOA Accounting Conference The World Congress of Accountants was first held more than 110 years ago, at the dawn of the 20th century.   The World Congress of Accountants was first held more than 110 years ago, at the dawn of the 20th century. In 1904, the world was changing: Henry Ford set a land speed record; the USA took control of the Panama Canal; UK and France signed the Entente Cordiale and Australia elected its first national government. From that first event, subsequent conferences have been woven between major global events including the Great Depression and two World Wars. Today the World Congress of Accountants is a large-scale, international event which occurs, like The Olympic Games, every four years. With the 20 th Anniversary conference due to be held in Sydney in November 2018, we take a look back on the accounting event’s history. Taken from  1972 Pictorial Supplement of the Congress for The Australian Accountant a...

New regulations introduce a criminal liability for large entities that fail to report on their payment practices. How can accountants help their clients stay within the law, asks Liz Loxton Caption: Illustration: Phil Hackett New payment practices regulations requiring large entities to report on their payment practices publicly every six months took effect in April 2017. Private and public companies as well as LLPs are affected and, in line with an interesting trend, these regulations introduce the prospect of criminal sanctions in the form of fines for non-compliance – an element of the legislation that finance directors won’t want to overlook. The facts The regulations form part of the Small Business, Enterprise and Employment Act 2015. Businesses and firms that meet two out of the following three criteria on their two last balance sheet dates – an annual turnover of £36m, a balance sheet total of £18m, and 250 employees or over – ne...

The Financial reporting Council’s (FRC) annual review showed small improvements in certain areas but an overall need for more to be done The FRC wants large listed companies to provide more specific data, rather than the “boiler-plate” text that is still lingering. Paul George, executive director for corporate governance at the FRC, noted that overall reporting was good but highlighted the need to beware of complacency. There was a slight improvement in narrative reporting, with increased focus on risk management at board level since the introduction of viability statements, and improvements in strategic reports. Despite improvements, such as those recorded by companies regarding performance measures, there were still questions raised over clarity and specificity, an area the authority frequently challenged. The review considered that despite the progress, there was no remarkable change regarding strategic reports since the previous year. “M...