News
PwC survey finds tiny decrease in economic crime
The results of a recent PwC survey might not appear to be particularly alarming: the percentage of organisations that experienced economic crime in the previous 24 months was down, albeit only slightly. Scratch beneath the surface, however, and it doesn’t take long to find signs of trouble.How to comply with the new FASB leases standard
The first step in compliance for many companies following the US Financial Accounting Standards Board’s (FASB’s) issuance of its new leases standard will be an evaluation of whether they possess all the data they need to report under the new rules.New FASB leases standard brings transparency to lessee balance sheets
Lessees will be required to recognise assets and liabilities on the balance sheet for the rights and obligations created by all leases with terms of more than 12 months under a new financial reporting standard issued by the US Financial Accounting Standards Board.How audit committees can take the lead in stemming third-party risks
The risks associated with doing business globally include third-party bribery, fraud, or supply-chain issues. A PwC report offers steps audit committees can take to better manage third-party risk.3 tips for setting executive pay
Executive pay and perceptions of inherent unfairness are key elements in the lack of public trust in business. The Institute of Business Ethics has issued recommendations for remuneration committees on how to establish fairer and more sustainable executive pay.Internal auditors challenged by cyber-security, data quality
Many internal audit departments are short on cyber-security expertise and lack involvement in evaluating the quality of the data used in their organisations.Weak passwords only part of the cyber-security problem
An annual list of common passwords underscores the need for more education about overall cyber-security. A strong password policy is one of several steps organisations can take to enhance cyber defences.Hoogervorst reappointed as chairman of IASB
The IFRS Foundation trustees announced that Hans Hoogervorst has been reappointed chairman of the International Accounting Standards Board (IASB) for a second five-year term that will begin July 1st.FASB affirms revenue recognition clarifications
The US Financial Accounting Standards Board (FASB) affirmed narrow-scope changes and practical expedients to its revenue recognition standard.Why multinationals should prepare better for key risks
Risk management is abundant at large multinationals, but efforts to anticipate key risks show significant gaps, according to a global Deloitte survey. Find out how to better prepare for the worst.US companies align to control health care costs
Twenty large US companies have formed an alliance in an effort to rebalance relationships between corporate America and the health supply chain.Measures of success
Several case studies illustrate the importance of identifying drivers and leading indicators for financial success.An integrated approach to decision-making
Despite the deluge of data available to C-suite executives, senior leaders are still struggling to reach the right decisions, according to new CGMA research.IIA proposes changes to help internal auditors meet evolving demands
The Institute of Internal Auditors (IIA) proposed changes to its standards for internal audit professionals, with a goal of helping practitioners meet the evolving demands of today’s dynamic business environment.IFRS amendments require disclosures about debt financing liabilities
The changes are part of an initiative the IASB has undertaken to improve the effectiveness of disclosures in financial reports.European Commission issues anti-tax avoidance directives
The European Commission unveiled two proposed directives that are designed to coordinate European countries’ efforts to combat corporate tax avoidance.How technology is changing outsourcing
Technology is offering companies alternatives to outsourcing back-office processes in emerging economies and forces providers of traditionally outsourced services to rethink their business model.Regulation and geopolitical instability key concerns for CEOs in 2016
Over-regulation and geopolitical instability are the threats of greatest concern to CEOs in 2016, and these factors contributed to a sharp decline in confidence in global economic performance for the year ahead, according to a report by PwC.Revenue recognition, lease standards challenge preparers
Important new standards for revenue recognition and leases are causing difficulty for corporate financial statement preparers, a new survey shows.
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