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Thursday, 01 July 2010 13:49 |
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Financial crisis exacerbated by ethical failings ACCA (the Association of Chartered Certified Accountants) has urged the business world to focus more on its ethical responsibilities and on prioritising the recruitment of senior executives and financial staff with strong ethical compasses. A new ACCA report, Risk and Reward - Tempering the Pursuit of Profit, looks at where the financial system went wrong prior to the financial crisis, with a massive failure of 'people risk' being identified. |
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Thursday, 01 July 2010 13:46 |
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It's time to open up the audit black box, says global accounting body - The profession needs to maintain and enhance the value of audit by expanding its scope
- Risk management, corporate governance arrangements and financial assumptions underlying the business model are all matters which could be brought within the scope of audit
- The current model needs to develop and ultimately may need to address the challenge of providing assurance on real-time information
- The work involved in audit reports needs to be better communicated to stakeholders
- The liability issue must be addressed as this is a detriment to innovation and openness
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Thursday, 01 July 2010 13:29 |
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The critical importance of strong talent management programmes for finance professionals following the global economic crisis has been revealed in a comprehensive global study by ACCA (the Association of Chartered Certified Accountants). The report, entitled Talent Management in 2010  , shows that while talent management practices are becoming more widespread, there is still an informal approach to finance talent development in many organisations around the world. |
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Accountancy
