The International Federation of Accountants convened a meeting of leaders of accounting organizations to advance sustainability reporting as momentum builds worldwide for consistent environmental, social and governance reporting.
"As we consider the future of global economies and capital markets, and the need for better reporting on sustainability and value creation, there remains a clear need for the skills, business acumen, judgment and ethical core that have always been the domain of professional accountants," said IFAC CEO Kevin Dancey in a statement Friday.
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Accounting Firm REDW Invests in the Future Through Scholarship Program | Education
ALBUQUERQUE, N.M. — Investing in the future, REDW LLC, one of the 10 largest accounting and business advisory firms in the Southwest, announced earlier this month its 2020 recipients of the REDW Native American Scholarship in Accounting.
They are Isabel Yasana Hawley (The Klamath Tribes) and Christian Hopkins (Narragansett Indian Tribe of Rhode Island). Both recipients are currently pursuing their Master of Business Administration degrees and focusing on tribal economic development and entrepreneurship.
Robots May Be Coming After White Collar Jobs Like 'Phil In Accounting,' New Report Says | Suffolk
In the past, when people thought about "computers taking jobs away from real people" most pictured manufacturing processes and call centers becoming robotized.
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Less visible are the robotics and artificial intelligence taking over white-collar jobs in fields like accounting and human resources, T he New York Times just reported in an analysis of the workplace. In some studies, algorithms outperform lawyers and doctors.
EPFO's accounting needs transparency jab | Business Standard Column
The Employees’ Provident Fund Organisation’s (EPFO) trustees announced 8.5 per cent interest for 2020-21, well after more than 10 months had passed in the financial year. This rate, tax-free to boot, sounds too good to be true and stands in sharp contrast to the interest rate on long-term government securities (G-Secs) being at a record low during the year.
If newspaper reports are to be believed, this was mainly because equities bought in 2015-16 were sold at a good profit. A little digging into the EPFO’s latest available annual report for 2018-19 shows (on page 180) that ...
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How to Attract & Retain Top Accounting Talent
As a result of the COVID-19 pandemic, people were no longer able to safely go into the office, resulting in an explosion of remote work opportunities that gave top accounting and finance professionals more job options than ever before. Jacqueline Lombardo of Boomer Consulting discusses a few ways to attract highly qualified people to your firm.
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The gig economy's growth has removed any perceived stigma attached to temporary positions, making them more attractive to experienced professionals. These arrangements can also give candidates opportunities for professional growth and development and a chance to expand their skills by working on different projects and different industries.
Texas Society of CPAs honors two with 2020 Outstanding Accounting Educator Award | Accounting
The Texas Society of CPAs has named Dr. Marina Ruseva, assistant professor of accounting at Lamar University, and Michelle Avila, associate professor of accounting at Our Lady of the Lake University, as the recipients of the 2020 Outstanding Accounting Educator Award. The winners were announced during TXCPA's virtual Midyear Board and Members Meeting, held on Jan. 27, 2021.
The award highlights Texas educators who have "demonstrated excellence in teaching and who have distinguished themselves through active service to the accounting profession." Criteria for award recipients include factors such as teaching innovation, pursuit of learning opportunities for students, involvement in student and professional accounting organizations, and research publications.
Accounting firm promotes staff | Northwest Indiana Business Headlines | nwitimes.com
The Northwest Indiana accounting and business consulting firm CLH, CPAs & Consultants recently promoted staff members to bigger roles.
The firm, with offices in Valparaiso and Michigan City, promoted Allison Raymond and Edward Simokaitis to the position of senior accountant. They will be tasked with additional responsibilities, including training new staff members and managing parts of client accounts.
Deloitte Faces U.K. Accounting Probe Into Lookers Audits
(Bloomberg) -- Deloitte LLP faces a probe by the U.K.'s accounting regulator into its audits of financial statements by Lookers Plc.
The Financial Reporting Council on Friday said its enforcement division will investigate the audits for the years 2017 and 2018.
The probe comes amid criticism the Big Four accounting firms have been facing for years for their audit shortcomings. In January, Deloitte was criticized by the FRC over its audits for Autonomy Corp.
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