News
Make disclosures more relevant, UK FRC urges
Disclosures in financial reports should be relevant, organized for ease of use by investors and avoid boilerplate language, according to a series of calls to action from the UK Financial Reporting Council.Guidance issued for US foreign account law
The US Internal Revenue Service issued its latest guidance in preparation for the implementation of the US Foreign Account Tax Compliance Act reporting and withholding requirements.Strategic planning leads list of finance priorities
Harnessing data for strategic planning, streamlining processes and bracing for heightened regulatory concerns are the top priorities for CFOs and the finance function, according to a new survey report.Why companies need a more forward-looking approach to cybersecurity
Not so long ago, computer hackers focused mainly on organisations that had the most to offer. They followed the money, trying to breach big companies and access cash, sensitive data or intellectual property.How to short-circuit negativity, keep morale high
Poor communication is the factor that causes the greatest harm to workplace morale, according to a new survey of human resources professionals. Read about more threats to workplace morale and how to keep negativity from seeping into the workplace.A leadership tutorial from education innovator Sal Khan
Sal Khan turned tutoring his cousin into the global online learning site Khan Academy. Read about the investment analyst turned social entrepreneur’s thoughts on sparking innovation, competing for talent with the likes of Google and Goldman Sachs, and the magic of real mentoring.Smart ways to tap accountants’ business process acumen
Accountants are business process experts, but few apply this expertise to avoid the frequent mistakes organisations can make during the implementation of business solutions software, an effort usually dominated by IT experts. Find out how accountants can get involved every step of the way.Switzerland signs Multilateral Convention to co-operate in tax matters
Switzerland, the country known as much for its bank secrecy as for its chocolate, signed the multilateral Convention on Mutual Administrative Assistance in Tax Matters in a ceremony at the Organisation for Economic Co-operation and Development (OECD) in Paris.Five ways to become more data-centric
Companies have the data, and finance professionals have the skills to help turn that data into insight. That’s one takeaway of a new CGMA report, which examines the state of Big Data and the impact it can have on business in the future.UK regulator creates ten-year retendering requirement
Companies in the FTSE 350 will be required to place their audit contracts out for bid every ten years under new rules announced Tuesday by the UK Competition Commission (CC).AICPA committee calls for different dividing line on leases
An American Institute of CPAs committee has suggested that the US Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) create a dividing line between Type A and Type B leases that is different from the line the boards proposed.Aon CEO: How to leverage opportunities amid unprecedented risk
Businesses face unprecedented risk, says Aon CEO Gregory Case. Examining three specific criteria can unlock opportunities amid risks.How not to cut ethical corners as economic growth slows in emerging markets
After years of rapid growth, economies in some emerging markets have slowed, causing companies to lower their vigilance about fraud, bribery and corruption risks, according to EY research. But there are ways to better manage these risks.Five key objectives for in-demand internal auditors
The perception of internal audit as a function that can add value in addition to enforcing compliance is placing importance on several objectives for internal auditors.OECD examines requirements for country-by-country tax reporting
The Organisation for Economic Co-operation and Development (OECD) has issued a Memorandum on Transfer Pricing Documentation and Country by Country Reporting, which summarises the questions that must be resolved if country-by-country income and tax reporting is to be implemented.CFOs split on moving up to CEO job
Fewer than half of North American CFOs said they would like to succeed their current CEO, and more than half either were not interested in the job or unsure about it.US CFOs plan to offer better benefits, more pay to attract top talent
CFOs are upping the ante in their quest to secure job candidates with in-demand skills. An Accountemps survey shows that 46% of US CFOs plan to offer improved benefits and 45% plan to offer more pay to attract top talent.Outlook brightens for middle market US companies
Annual revenues are increasing at US middle market companies, and executives at the companies, which are a critical economic engine, are becoming more optimistic about the US economy, a KPMG survey found.Charting a course for growth in Sri Lanka
Reyaz Mihular, managing partner for KPMG Sri Lanka and Maldives, talks about talent, growth opportunities and managing the margins in a region emerging from more than two decades of civil war.
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