Accountancy

Best friend of a small business is small practice: ACCA Helen Brand

Brand said that small firms need to upgrade tech and India can have its own big four firm through consolidation of smaller firms

Huge impact of CAs on businesses can save the world: Julia Penny of ICAEW

In a Q&A, the head of the apex body of chartered accountants in the UK discusses the challenge of sustainability and other issues her tribe faces across the globe

ICAI CA Nov exam 2022 admit cards out; check for direct links to download

The ICAI CA November Exam 2022 will be conducted in offline mode

Boards must adopt Integrated Reporting Framework

The traditional mindset of focusing on shareholder value, financial information, quantitative data and hierarchical leadership style make adoption of integrated thinking difficult

Boards should focus on disclosures, auditors' independence

Investors and other stakeholders are not so concerned about what happens within the board. They evaluate the quality of corporate governance by tracking signals

Internal audit is effective when independent of management

The management has an inherent temptation to filter audit reports before submitting those to the audit committee

Audit committee has to exercise its power effectively

Audit committee's passive approach could dilute the effectiveness of audit reforms introduced by the Companies Act 2013

Onus on boards to ensure adequacy of internal controls

Although the law lays responsibility primarily on the audit committee for establishing and operating internal control, the board is not absolved of responsibility

A lesson on corporate governance in family business

In family-managed business groups, the monitoring role of independent directors is secondary and the advisory role is primary

Governance, risk management and compliance

Strength and resilience of an organisation depend on its ability to integrate governance, risk management and compliance