Highlights from the 18th World Congress of Accountants
14.12.2010
Dear IFAC News subscriber,
The December 2010 issue of IFAC News features the latest news and activities of the independent standard-setting boards and IFAC committees, including highlights from the 18th World Congress of Accountants in Kuala Lumpur; the latest exposure drafts released for comment from the IAASB, IAESB, and IPSASB; information on upcoming events and forums; and much more. To access these articles and the December issue in its entirety, please click here.
Below is an excerpt from Göran Tidström's President's Message, from page 3 of the newsletter:
President's Message
As I begin my term as IFAC president, and we move into 2011, I have been reflecting on how much the world changed during my term as deputy president--and indeed, how much it continues to change.
The financial and sovereign debt crises consumed much of our attention and energy over the past two years. And we saw how seemingly isolated incidents--within companies and within countries--can spread and intensify to affect larger populations. In this environment, the financial and business information that the accountancy profession provides has become much more important for sound decision making and risk management.
We saw at the World Congress how vibrant our profession is--how well-represented, strong, thoughtful and smart. We also heard repeatedly that we must ask ourselves the tough questions about the profession's contribution to financial and non-financial reporting in a more sustainable world, as well as questions about the value of the audit. In order to move forward as a profession, I believe we need to do just that. We must demonstrate that we are part of a global solution that contributes to financial stability and economic growth.
Let me give you just a few examples of what I mean...
Click here to view Mr. Tidström's full President's Message and the entire newsletter.
The December 2010 issue of IFAC News features the latest news and activities of the independent standard-setting boards and IFAC committees, including highlights from the 18th World Congress of Accountants in Kuala Lumpur; the latest exposure drafts released for comment from the IAASB, IAESB, and IPSASB; information on upcoming events and forums; and much more. To access these articles and the December issue in its entirety, please click here.
Below is an excerpt from Göran Tidström's President's Message, from page 3 of the newsletter:
President's Message
As I begin my term as IFAC president, and we move into 2011, I have been reflecting on how much the world changed during my term as deputy president--and indeed, how much it continues to change.
The financial and sovereign debt crises consumed much of our attention and energy over the past two years. And we saw how seemingly isolated incidents--within companies and within countries--can spread and intensify to affect larger populations. In this environment, the financial and business information that the accountancy profession provides has become much more important for sound decision making and risk management.
We saw at the World Congress how vibrant our profession is--how well-represented, strong, thoughtful and smart. We also heard repeatedly that we must ask ourselves the tough questions about the profession's contribution to financial and non-financial reporting in a more sustainable world, as well as questions about the value of the audit. In order to move forward as a profession, I believe we need to do just that. We must demonstrate that we are part of a global solution that contributes to financial stability and economic growth.
Let me give you just a few examples of what I mean...
Click here to view Mr. Tidström's full President's Message and the entire newsletter.
