collectively, the professional bodies of accountants that establish and regulate training entry standards and professional examinations, as well as ethical and technical rules and guidelines. These bodies are organized on national and international levels.
With confidence in the accountancy profession dipping to what may be an all-time low following events surrounding the Enron scandal, Accountancy Age has embarked on the task of laying out a 10-point plan for restoring faith in the profession. It was clearWith confidence in the accountancy profession dipping to what...
Over recent weeks the accountancy profession has attracted much unwelcome publicity following the spectacular collapse of Enron. Some myths have been shattered and weaknesses have been exposed, but what lessons are there for management accountants?
Rededicating the Profession to the Public Trust Congratulations for publishing Arthur R. Wyatt's insightful analysis of the history of the accountancy profession over the past 40 years and his expression of concern for the future (In Focus, "Accountants' Responsibilities and Morality," March 2004). Wyatt is absolutely right in concluding "The...
Well-publicised scandals have brought the issue of audit integrity to the fore but, warns Katherine Bagshaw, UK accountants will lose variety, money and status if the profession has to conform to US or European norms There are many reasons why the accountancy profession...
Well-publicised scandals have brought the issue of audit integrity to the fore but, warns Katherine Bagshaw, UK accountants will lose variety, money and status if the profession has to conform to US or European norms There are many reasons why the accountancy profession in the UK must...
Well-publicised scandals have brought the issue of audit integrity to the fore but, warns Katherine Bagshaw, UK accountants will lose variety, money and status if the profession has to conform to US or European norms There are many reasons why the accountancy profession in the UK must ensure that...
ALONG WITH the law and medicine, accountancy remains one of the last bastions of self regulation in Britain. I hesitate to argue the case for bringing the profession into the fold of statutory regulation, but Deloitte & Touche's action in issuing an injunction against the Joint Disciplinary Scheme JDS has...
The highest-ranking enforcement official at the Securities and Exchange Commission on Thursday issued a chilling warning to the accountancy profession that entire firms faced lawsuits unless they co-operated better with investigations.Stephen Cutler, The highest-ranking enforcement official at the Securities and Exchange Commission on Thursday issued...
The planned merger of the Institute of Chartered Accountants in England and Wales and the Chartered Institute of Management Accountants will bring benefits both to the two organisations and to the accountancy profession as a whole. Many members of the orgThe planned merger of the Institute of Chartered Accountants in...
WASHINGTON -- Consumer activist Ralph Nader has joined forces with a group of accountancy educators to form a new public interest group that will push for the abolition of the Financial Accounting Standards Board, and direct federal standards setting for the industry. The new Association for Integrity in...
The Quebec government recently approved the Quebec Ordre's Regulation respecting the practice of the chartered accountancy profession within a partnership or a joint-stock company. The new regulation allows CAs to form an association with lawyers, notarieThe Quebec government recently approved the Quebec Ordre's Regulation respecting the practice of the chartered...
At the request of the Oklahoma Society of Public Accountants, ACAT Vice President for Accountancy Lanny Nelms addressed a meeting of the Oklahoma Senate Committee on Business and Labor. The committee is conducting a study of the accounting profession and the Oklahoma Accountancy Act. In his statement, Mr. Nelms stressed...
Cadbury Report The report of the committee set up in May 1991 by the Financial Reporting Council, the London Stock Exchange, and the accountancy profession, under the chairmanship of Sir Adrian Cadbury, to consider the financial aspects of corp Cadbury...
KPMG and Ernst & Young jumped on the accountancy merger bandwagon yesterday, proposing a tie-up that will create the world's largest audit and consultancy firm. Tom Stevenson, Financial Editor, reports on the concerns the deal has raised among staff and clients. The merger mania sweeping the accountancy profession...
A FORMER partner at Deloitte & Touche, one of the big four accountancy firms, has been expelled from the profession for fraud connected to Capital Corporation, the casino group beset by management and financial problems in the 1990s. Stephen Ives was found guilty of fraudulently obtaining a...
Norton M. Bedford, A History of Accountancy at the University of Illinois at Urbana-Champaign (Urbana: Center for International Education and Research in Accounting, 164 pp., price not available)
Every profession has its unique language. Typically a mixture of technical terms, acronyms, and ever-evolving slang, this is the talk that separates the insiders - the working pros - from everyone else outside the profession. When you're starting out, "Everyone else outside the profession" means you. Without knowing the language...
Notwithstanding changes in the role of western armed forces following the ending of the Cold War, their status as a profession continues to reflect their special attributes: expertise, responsibility, corporateness, self-regulation, a code of ethics and standards of performance. As an example of the total fusion of organisation and profession,...
