Global report recommends that small to medium sized practitioners and professional accountancy bodies must work together to adapt to change for an evolving future.

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A global research report ‘The SMP of the Future in a Changing World’ commissioned by the Edinburgh Group – a coalition of 16 accountancy bodies from across the world - examines the landscape ahead for the Accountancy Profession. This report offers recommendations for small to medium sized practitioners (SMPs) and Professional Accountancy Organisations (PAOs) about how they can work better together and sustain great working relationships. The report also states that SMPs and the PAOs…

Continue ReadingGlobal report recommends that small to medium sized practitioners and professional accountancy bodies must work together to adapt to change for an evolving future.

IAASB, IFAC, and IASB Convene Standard Setters and Professional Accountancy Organizations from CIS and Baltic States to Discuss International Standards

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Over 60 representatives from 12 Commonwealth of Independent States (CIS) and Baltic countries met with leadership and staff of the International Auditing and Assurance Standards Board (IAASB), the International Accounting Standards Board (IASB), and the International Federation of Accountants (IFAC) to discuss adoption and implementation of International Standards on Auditing (ISAs) and International Financial Reporting Standards (IFRSs). The event—jointly hosted by IFAC and the International Financial Reporting Standards Foundation (IFRS Foundation) on November 28 and…

Continue ReadingIAASB, IFAC, and IASB Convene Standard Setters and Professional Accountancy Organizations from CIS and Baltic States to Discuss International Standards

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