INSIGHTS


Sleeter: Be a Trusted Advisor, Not a Servant
The changes of previous decades have left accountants acting more like their clients’ “most trusted servants” than their most trusted advisors, according to IT expert and thought leader Doug Sleeter.

Building a better income statement
A company’s annual income statement should be a transparent disclosure of its revenues and expenses that investors can readily interpret. Most aren’t, largely because income and expenses classified according to generally accepted accounting principles (GAAP) can be difficult to interpret.

How finance and accounting can boost innovation
Nearly three-fourths (74%) of CPAs participating in the AICPA Business and Industry Economic Outlook Survey for the third quarter of 2013 said finance and accounting should play an important or extremely important role in organizations’ innovation efforts...

Business Involvement in Accounting: A Case Study of International Financial Reporting Standards Adoption and the Work of Accountants
The paper provides a case study analysis of International Financial Reporting Standards (IFRS) adoption and its impact on and implications for an accountant's role, positions, practices and work in a continental European context.

Managing when vendor and supplier risk becomes your own
The rising tide of regulatory scrutiny stemming from the global financial crisis has now reached beyond banks, to the companies that supply them...

Mandatory Audit Firm Rotation: A Review of Stakeholder Perspectives and Prior Research
The global financial crisis brought to the fore questions surrounding the scope and quality of the external audit, market concentration and auditor independence. One of the issues currently being considered by the European Commission and...

Adoption and Benefits of Management Accounting Practices: An Inter-country Comparison
Management accounting practices of firms are determined by the scope and amount of information expected from them. Therefore, management accounting practices might differ among firms or countries...

The Use of Fair Value in IFRS
The implementation of International Financial Reporting Standards (IFRS), particularly in the European Union, has led to frequent comments that IFRS are “fair value based standards” and that the IASB is moving inexorably towards full fair value accounting

Time to Endorse the ISAs for European Use: The Emerging Markets' Perspective
The paper aims to support the endorsement of the International Standards on Auditing (ISAs) from the perspective of an emerging market economy. Pointing to the problems facing the Slovenian audit market as an example of a small market, the paper tries to

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