Technology will ease,not take over accounting jobs - Ifac - Ifac IFAC teams ...

24 July 2018

IFAC in the News

THE EDGE FINANCIAL DAILY | 23 JULY 2018
Technology will ease,not take over accounting jobs - Ifac
This article first appeared in The Edge Financial Daily, on July 23, 2018. KUALA
LUMPUR: The application of technology in accounting profession is not going to
result in the loss of jobs for accountants, on the contrary it will help develop ...

ACCOUNTING TODAY ONLINE | 20 JULY 2018
IFAC teams with IBA on fighting global corruption
The International Federation of Accountants and the International Bar Association
are partnering on an initiative to combat corruption, ahead of the gathering of global
leaders at the G20 summit in Buenos Aires later this year.

ACCOUNTANCY NEWS POWERED BY TIMETRIC | 19 JULY 2018
IFAC and IBA sign anti-corruption mandate
The International Federation of Accountants (IFAC) and the International Bar
Association (IBA) have signed an Anti-Corruption Mandate. Collaboration on the
Mandate is a joint effort of the two organisations to help fight corruption, bribery,...

IFAC | 18 JULY 2018
International Accountancy and Law Professions Further
Anti-Corruption Mandate Ahead of Global Economic
Leaders’ Meeting
IFAC (International Federation of Accountants) and the International Bar Association
(IBA) today announce their shared commitment to continue their work combating
corruption in all its forms. Published ahead of the gathering of global economic
leaders (G20), taking place in Buenos Aires ...

IFAC | 17 JULY 2018
Updated Practical Support and Guidance for Small
Business Audits
Small- and medium-sized practices (SMPs) may require practical support when
implementing the International Standards on Auditing (ISAs) in audits of small- and
medium-sized entities (SMEs).

ACCOUNTING TODAY ONLINE | 17 JULY 2018
IFAC offers guide to small business audits
The International Federation of Accountants has updated its guide to using
International Standards on Auditing in audits of small and midsized entities.

CENTRAL ASIA NEWS | 20 JULY 2018
Kyrgyzstan, International Federation of Accountants sign
agreement on use of copyrighted materials
The delegation of the State Financial Market Regulation and Supervision Service
visited the World Bank Headquarters in Washington D.C. and International
Federation of Accountants in New York from July 8-16, Tazabek reports.

Standard-Setting Boards in the News

IESBA | 19 JULY 2018
Global Ethics Board Resets Expectations of Professional
Accountants Regarding Inducements
The International Ethics Standards Board for Accountants® (IESBA®) today
released new enhancements to its global ethics code which address more fully the
responsibilities of professional accountants around the ...

IAASB | 16 JULY 2018
Global Consultation: Identifying and Assessing the Risks of
Material Misstatement
The International Auditing and Assurance Standards Board (IAASB) seeks public
comment by November 2, 2018 on Exposure Draft, ISA 315 (Revised), Identifying
and Assessing the Risks of Material Misstatement.

REUTERS NEWS | 9:51, 18 JULY 2018
Finland's Liikanen to head global accounting rules setter
LONDON, July 18 (Reuters) - Erkki Liikanen, former governor of Finland's central
bank, will chair the trustees who oversee accounting standards used in over 100
countries, the trustees said on Wednesday.

INTERNATIONAL ACCOUNTING STANDARDS BOARD | 16:01, 16 JULY 2018
16 July 2018Webcast: Overview of the Discussion Paper
Financial Instruments with Characteristics of Equity
In this webcast, International Accounting Standards Board (Board) Technical Director
Kumar Dasgupta provides an overview of the Discussion Paper Financial
Instruments with Characteristics of Equity that was published in June 2018.

BANGKOK POST | 18 JULY 2018

New accounting standard postponed
IFRS 9 rules won't be enforced until 2020 The government has decided to delay
implementation of stringent new accounting rules for another year to prevent any
adverse impact on businesses.

CITY AM | 18 JULY 2018
New accounting standards will cost big insurers
LEADING insurance companies are budgeting millions more than they expected to
comply with new accounting standards. The International Financial Reporting
Standard (IFRS) 17, which takes effect in 2021, provides a comprehensive
accounting ...

BUSINESSWORLD | 23 JULY 2018
SUITS THE C-SUITE The latest improvements to the
Conceptual Framework
2018 is looking to be a busy year as far as financial reporting changes are
concerned. There will be two major new standards adopted this year -- one for
revenue recognition and another one for financial instruments. Furthermore, it is in ...

News that Matters to the Profession

WORLD CONGRESS OF ACCOUNTANTS | 20 JULY 2018
Staff retention and attraction in accounting
By 2020, a large proportion of the working population will be comprised of people in
the ‘millennial’ generation. So what are the keys to staff retention for this rising
demographic?

PUBLIC FINANCE INTERNATIONAL | 20 JULY 2018
World Bank creates fund to support open government
The World Bank and its development partners have launched a $12m fund to help
countries increase government transparency and boost public participation.

ACUITY MAGAZINE | 18 JULY 2018
How women can climb in professional services
An anomaly in the numbers at professional services firms has long captured the
attention of Alison Temperley, a former PwC tax accountant turned management
coach and leadership expert.

PUBLIC FINANCE INTERNATIONAL | 18 JULY 2018
Tunisian law aims to identify corrupt earnings
The Tunisian parliament has approved a law to tackle illicit enrichment as part of its
efforts to combat corruption.

DAILY FT | 23 JULY 2018
Budget proposals to address skills gap and future of work
The National Human Resources Development Council of Sri Lanka (NHRDC)
together with the Institute of Chartered Accountants of Sri Lanka (CASL), Daily
Financial Times and the International Chamber of Commerce Sri Lanka (ICC) have
organised a...

ALLAFRICA | 1:26, 23 JULY 2018
Clamour for Improved Corporate Governance in Nigeria
With the release of the exposure draft of Nigerian Code of Corporate Governance by
the Financial Reporting Council of Nigeria (FRC), stakeholders in the financial
services industry work on ways the Code can impact Nigeria's economic and ...

THE PUNCH | 22 JULY 2018
Creation of parallel professional body illegal – ICAN
president
Ozioma Ubabukoh The Institute of Chartered Accountants of Nigeria has condemned
a bill seeking to establish the Chartered Institute of Forensic Accountants of Nigeria.

AL-BAWABA NEWS | 22 JULY 2018
IMA Announces Middle East Regional Conference in
Amman, Jordan
IMA® (Institute of Management Accountant) is pleased to announce that its annual
Middle East Regional Conference (MERC18) will be held in Amman, Jordan on
September 15-16, 2018. The early bird registration for this two-day event is open ...

BUSINESS MIRROR | 22 JULY 2018
CPD in the accountancy profession
Globalization has altered the landscape of markets and businesses. In keeping with
the times, the Board of Accountancy (BOA) has instituted programs to align the
accountancy profession with the demands of the ever-changing environment. ...

CAIRNS POST | 21 JULY 2018
Chartered status for Qld accountants
MAKING SENSE Nine accountants from across Queensland became part of
Chartered Accountants Australia and New Zealand at a ceremony in Cairns on
Wednesday night.

ACCOUNTING TODAY ONLINE | 20 JULY 2018
Streamlining the new fair value disclosure requirement
A new Financial Accounting Standards Board disclosure requirement makes several
material changes to U.S. GAAP. New requirements for determining the fair value
disclosure of financial institutions’ loan portfolios are among the revisions.

ATLANTA BUSINESS CHRONICLE | 20 JULY 2018
Accounting profession works to diversify
In an effort to create an industry reflective and inclusive of the global communities in
which they serve, a number of accounting organizations and professionals are
expanding diversity and inclusion initiatives within the profession. They ...

ACCOUNTANCY NEWS POWERED BY TIMETRIC | 19 JULY 2018
Singapore: small businesses drive big demand
The Singapore government has fleshed out its plans for turning the island city-state
into a global accountancy hub – plans that may address some of the challenges
facing the profession. Paul Golden reports

ACCOUNTING TODAY ONLINE | 20 JULY 2018
FASB tweaks leasing standard
The Financial Accounting Standards Board released a set of mostly minor revisions
and technical corrections to the lease accounting standard.

CANADA NEWSWIRE | 9:30, 19 JULY 2018
Additional CFE offering in 2020: Chartered Professional
Accountants of Canada
TORONTO, July 19, 2018 /CNW/ - Chartered Professional Accountants of Canada
(CPA Canada) will offer an additional writing of the profession's challenging Common
Final Examination (CFE) in 2020.

THE BOTSWANA GAZETTE | 19 JULY 2018
Building an ethical and compliance culture
This feature on Compliance has been drafted by Kgori Capital Compliance Manager,
Elizabeth Ferguson, and forms part of a series of awareness material on this subject.
Elizabeth has over 14 years’ experience in various Audit, Advisory and ...

DAILY FT | 19 JULY 2018
ACCA highlights cost management as private sector
healthcare's biggest challenge
While focusing on healthcare sectors opportunities and challenges, the Association
of Chartered Certifies Accountants (ACCA) highlighted cost management as the
industry's biggest conundrum at a breakfast meeting held in Colombo yesterday.

ACCOUNTING TODAY ONLINE | 19 JULY 2018
NASBA and AICPA sign pact with CPA Australia
The National Association of State Boards of Accountancy and the American Institute
of CPAs’ U.S. International Qualifications Appraisal Board have signed a mutual
recognition agreement with CPA Australia.

PR NEWSWIRE ASIA | 0:46, 18 JULY 2018
HKICPA Best Corporate Governance Awards open for entry
HONG KONG, July 18, 2018 /PRNewswire/ -- The Best Corporate Governance
Awards, a prestigious recognition by the Hong Kong Institute of Certified Public
Accountants (HKICPA) and coveted by listed companies and public organizations
alike, are...

VANGUARD | 19 JULY 2018
Financial inaccessibility hinders SMEs’ participation in
global trade — ACCA
By Elizabeth Adegbesan The Association of Chartered Certified Accountants (ACCA)
said that the inability of Small and Medium Enterprises (SMEs) to access external
funds to drive businesses is limiting their chances of participating in ...

THE ECONOMIC TIMES | 19 JULY 2018
Why auditors needs to first put their house in order
About a year ago, Prime Minister Narendra Modi had told the world that the signature
of a chartered accountant on financial statements was, perhaps, more powerful than
even one of his own.“Just like doctors don’t want people to be ill to ...

ASIAN NEWS INTERNATIONAL | 18 JULY 2018
Cabinet approves MoUs for advancement of accounting
knowledge
New Delhi, July 18 -- The Union Cabinet on Wednesday approved two
Memorandums of Understanding (MoU) regarding the Institute of Chartered
Accountants of India (ICAI).

FEI DAILY | 1:00, 18 JULY 2018
CECL and DFAST: Do You Know the Difference?
In June of 2016, the Financial Accounting Standards Board (FASB) introduced Topic
326 in update 2016-13, detailing the use of the current expected credit loss (CECL)
notion for presentation of an Allowance for Credit Losses (ACL, or ALLL, ...

CANADA NEWSWIRE | 7:29, 17 JULY 2018
Canada continues to be seen as less competitive
TORONTO, July 17, 2018 /CNW/ - Canada continues to be seen as less competitive
when compared with the United States and tax weighs heavily in that viewpoint,
according to a survey of business leaders by Chartered Professional Accountants
of...

DAILY NEWS (SRI LANKA) | 18 JULY 2018
HNB gets top honors at CMA Integrated Reporting Awards
2018

Sri Lanka, July 18 -- Sri Lanka's best performing private sector commercial bank,
     HNB, won significant recognition at the recently concluded Excellence in Integrated
     Reporting Awards 2018, winning an award for the Top Ten Best Integrated ...

     ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS (ACCA) | 20:00, 17 JULY 2018
     Marjella Alma joins ACCA’s Global Forum for
     Sustainability
     A new and systematic approach to identification and monitoring of non-financial
     issues is essential for businesses to thrive. I am delighted to be part of the ACCA’s
     Global Sustainability Forum that acknowledges this need. I look forward to...

     ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS (ACCA) | 20:00, 16 JULY 2018
     ACCA sees highest level of member and student satisfaction
     in a year of ground-breaking change
     Award-winning [i] professional body ACCA (the Association of Chartered Certified
     Accountants) has seen a record level of satisfaction from its members and students.
     Overall 80.7 percent of ACCA members and students were satisfied or very ...

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