This interview focuses on some of the imperatives that were identified for business and the accountancy profession in the Drivers of Change research.
An imperative for business is to prepare for true globalisation. The development of a truly global operating model is becoming a priority. A clear emphasis is required on leveraging technology effectively. Equally important is developing the capability of management to work with, adapt to and get the best out of a multi-location, multicultural and age-diverse workforce.
An imperative for the accountancy profession is to take a holistic view of complexity, risk and performance. There is a growing consensus on the need for reporting to provide a firm-wide view of organisational health, performance and prospects. Such a holistic perspective must acknowledge the complexity of modern business and encompass financial and non-financial indicators of a firm's status and potential.
Ng Boon Yew tells us more: