News
Five strategies from BT Group’s FD
CIMA Chief Executive Charles Tilley talks key business drivers and sustainable success with BT Group’s Tony Chanmugam, FCMA, CGMA.The CGMA Magazine quiz: 13 questions about management accounting in 2013
How closely did you follow CGMA Magazine’s coverage in 2013? See for yourself, by taking our quiz on news and trends in the field of management accounting.Preliminary EU agreement includes audit firm rotation
EU leaders have reached preliminary agreement on audit reforms that would include a requirement for audit firms of public-interest entities to rotate after an engagement of ten years – with provisions that could extend that period if the engagement is put out for bid or joint audits are performed.Taxes on Mexico’s maquiladoras set to rise, but government may relent
Changes in Mexican tax law that will affect almost every maquiladora operation are scheduled to take effect January 1st, but lobbying by the industry appears to have convinced the government to ameliorate some of the new law’s effects.Five tips for successful revenue recognition implementation
Companies need to be ready to implement the new, converged revenue recognition standard that FASB and the International Accounting Standards Board are expected to approve this month. The changes may require the attention of personnel across multiple functions at companies.Corruption remains a serious problem in BRICS, study finds
Emerging markets promise rising consumer demand, but many also harbour serious corruption risks. Find out how the BRICS fare on the 2013 Corruption Perceptions Index and get the rankings for other developed and developing nations.IASB proposes narrow-scope annual improvements
The International Accounting Standards Board proposed five narrow-scope amendments to four standards as part of its annual improvement initiative.UK FRC proposals would simplify accounting for micro-entities
Proposals released by the UK Financial Reporting Council are intended to simplify accounting for micro-entities.Effects of non audit services at audit firms concern PCAOB, SEC
US regulators are asking whether the increasing provision of non audit and consulting services by audit firms poses risks to audit quality, and the US Public Company Accounting Oversight Board (PCAOB) plans a formal examination of the issue in 2014.Beswick: Rulemaking preventing SEC from deciding on IFRS
Rulemaking duties related to federal legislation have prevented the US Securities and Exchange Commission (SEC) from devoting time to deciding on the future of IFRS in the United States, SEC Chief Accountant Paul Beswick said.IIRC releases International Integrated Reporting Framework
The International Integrated Reporting Council (IIRC) on Sunday made public an approved framework for integrated reporting. The group intends for the framework to guide companies on how to best communicate with their stakeholders. The release represents a key step forward for integrated reporting (IR). The aim of IR is toUS finance executives show increasing optimism about their companies
A year ago, US finance executives seemed uncertain about the future of their organisations and the domestic economy. But they’re upbeat about numerous business factors these days, according to a new survey.How to develop your personal brand
What is your competitive advantage? What are you known for? These questions can help you identify your personal brand—a great way of demonstrating your skills and accelerating your career.IASB proposes amendments to IAS 27 to allow equity method
Narrow-scope amendments to IAS 27 proposed by the IASB would allow entities to use the equity method to account for investments in subsidiaries, joint ventures and associates in their separate (parent-only) financial statements.Six ways to build employee engagement
Amica Mutual Insurance CEO Robert DiMuccio, CPA, explained how his company develops an engaged workforce during a recent presentation.See what’s on CFOs’ most-likely-to-be-outsourced list
Among CFOs who plan to use consultants or interim managers, 57% intend to assign them general accounting and finance projects.Top risk for businesses: Regulation, compliance overload
Corporate directors believe regulatory and compliance overload is the greatest risk facing their business, well ahead of cyber threats and corruption, a new survey shows.IASB makes change to defined benefit contribution accounting
Small-scale changes to financial reporting rules for employee benefit plans were published by the International Accounting Standards Board (IASB).More transparency sought from audit committees
A consortium of US governance organisations is calling on public company audit committees to enhance reporting about their activities.
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