This report sets out key issues for companies to think about when considering their long term business model and strategy. It examines the interrelation between businesses and the context in which they operate, encouraging them to embrace good practice that facilitates long term growth.
Corporate culture encourages behaviours that support or impede the achievement of organisational objectives. The challenge is understanding how to nurture a culture that promotes behaviours consistent with organisational objectives. The ACCA culture-governance tool seeks to support organisations with their culture goals.
Cyberwarriors with calculators: the role of accounting and finance professionals in a company's cybersecurity
Computers, servers and the Internet are indispensable tools for financial professionals – and they are under relentless attack. For accountants, measures must be taken to ensure
that the sensitive personal and corporate financial information they handle is safe: accountants need to be at the forefront of cybersecurity.
This report examines how the quality and value of risk reporting can be improved. It reviews current practice in risk reporting, the barriers to better risk reporting, the wishes of users, and the concerns of preparers.
Faye Chua, February 2013. This report outlines the US-relevant findings from a global survey
conducted in 2012 by ACCA and IMA across their membership on
drivers of change for the accountancy profession. It presents the
US’s key drivers of change in the short, medium and long term for
a variety of businesses. By identifying and exploring emerging
trends, it can help accountants and business leaders prepare for
an uncertain tomorrow.
Faye Chua, February 2013. This report outlines the Asia-Pacific-relevant findings from a
global survey conducted in 2012 by ACCA and IMA across their
membership on drivers of change for the accountancy profession.
It presents Asia-Pacific’s key drivers of change in the short,
medium and long term for a variety of businesses. By identifying
and exploring emerging trends, it can help accountants and
business leaders prepare for an uncertain tomorrow.
Putting investors at the heart of the financial system
ACCA and Grant Thornton, April 2012. This report presents insights from a discussion among a group of global investors. It explores the views of investors and investor representatives in relation to existing global financial and accounting standards, and their opinions on the direction of change, and the opportunities and challenges facing investors. It also addresses how investors can be more central to the process of change.
The reality of risk: culture, behaviour and the role of accountants
Matthew Leitch, January 2012. The reality of risk is that most is managed through everyday management activities, not separate activities focused on lists of risks. Accountants play a key role in helping people manage risk well. The survey described in this report explored the risk-related practices used by accountants, their willingness to use more, and the dysfunctional behaviours that can undermine management of risk. The results reveal an opportunity to improve the way risk is managed by focusing on how core management activities are done and the support provided by accountants.
Rules for risk management: culture, behaviour and the role of accountants
ACCA, January 2012. The problem of risk and the question of how not to fall victim to it are probably more topical than ever before. To a great extent, anyone and everyone in an organisation is, or should be, a risk manager. This report looks at how accountants in a wide range of roles contribute to managing risk as part of their normal work. It also looks at management accounting, financial forecasting, internal reporting and other disciplines that support decision-making and explores their importance as components of an integrated risk management approach.
ACCA’s series of Friday Forums addresses sustainability issues relevant to the business community. On 1 April 2011 ACCA focused on the value of biodiversity to the ecosystems which global human communities, businesses and non-human species critically rely, and on the role that accountants can play in assessing this value. The key points raised at the event are summarised in this paper.
ACCA, October 2010. This paper presents information about governance and ethical practices in Africa, based on a survey of ACCA members in the region. It explores how professional accountants contribute to governance and ethical practices.
The basic principles of compiling a risk register for smaller companies
Tony Morton, March 2010. Recognising the growing importance and demand for managing risk in all sizes of businesses, this short guide is intended to help those embarking on a risk register exercise to construct something useful, with effort commensurate with the potential benefits, in a practical and easily understood way.
The accounting statements of global financial institutions and the recent crisis
Brandon Davies, Gilad Livne and Alistair Milne, March 2010. The paper looks at major issues associated with accounting policies and standards which affected the banking sector in the run-up to the financial crisis. More particularly, it describes some of the unfortunate consequences of the interaction between financial reporting, capital requirements, risk management procedures, bank business models and remuneration. These include challenges associated with fair value accounting, pro-cyclicality and comparability of, and precision in, numbers in financial reports. The paper concludes by identifying seven topics for future research and study.
Governance and management - climate change briefing paper
Prepared by EIRIS, October 2009. A critical issue for companies. Where robust and transparent sustainability and climate change governance practices are embedded into corporate strategy, companies are more likely to be able to manage the risks and maximise the opportunities presented by climate change.
ACCA, June 2009. A guide for governments, regulatory authorities and standard-setters, this paper explains the nature of the current financial crisis and lays down a number of principles which ACCA believes should be reflected in the future design and administration of regulatory systems in the financial and business sectors.
ACCA Australia and New Zealand with Net Balance Foundation Limited, May 2009. Part of a series of research projects which analyses disclosures on areas of non-financial performance by Australian Securities Exchange (ASX) companies.
ACCA, February 2009. Fair value has come in for more scrutiny and criticism in recent months than any accounting issue since inflation accounting in the 1970s. This policy paper is ACCA’s attempt to shed some light rather than the heat which has characterised much of the debate so far.
Jill Solomon, 2009. This paper summarises the content of two corporate governance symposia organised by the British Accounting Association Special Interest Group on Corporate Governance (BAASIGCG), setting them in the context of the existing body of corporate governance literature.
ACCA, December 2008. This paper offers guidance to directors resigning from a board, as well as what a prospective director should consider before joining a board to spot potential issues which might later lead to resignation.
Sure enough to be unsure? Questions for audit committees thinking about the credit crisis
Paul Moxley, July 2008. The Financial Reporting Council (FRC) identified that 'corporate reporting and auditing will be particularly challenging [in 2008] and needs to be matched by increased diligence, and then clarity as to the basis on which judgements have been exercised'. The FRC published a set of key questions to remind audit committees of the key issues. But finding answers may not be easy. This paper considers some of those questions along with the challenge of providing satisfactory answers.