GAA Accounting

The Journal of the Global Accounting Alliance

17/06/2014
by GAA Accounting
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Hong Kong Institute of Certified Public Accountants Member Survey

Conducted by the Hong Kong Institute of CPAs with more than 10% responses from members, the survey provides important information on the state and outlook of the profession and members’ expectations and service needs. Click to view the video highlighting some of the results and read the report for details.

This article was contributed by HKICPA.

05/06/2014
by GAA Accounting
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Women in Partnerships

By Dr Ros Whiting CA, Professor Elizabeth Gammie CA, and Associate Professor Kathleen Herbohn

A look at the prospects for women as partners in professional accountancy firms.

New Zealand and Australian women are fast increasing their presence in the accounting profession.

Women currently constitute 42% of NZICA’s and 38% of ICAA’s membership, and are reaching senior levels.

However, in contrast to these increases are thorny issues such as the gender pay gap in accountancy, and the (not unrelated) relative scarcity of female partners in professional accountancy firms (PAFs). The current proportion of female partners in New Zealand Big 4 firms ranges between 10% and 20%, and in Australia’s Top 100 accounting firms 17% of partners are women. Continue Reading →

05/06/2014
by GAA Accounting
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Biennial Report Details Fraud’s Impact Worldwide

By Jeff Drew

Fraud continues to take huge bites from organisational coffers, but the implementation of anti-fraud controls can significantly reduce the damage done, a new report shows.

The Association of Certified Fraud Examiners (ACFE) on Tuesday released its biennial Report to the Nations on Occupational Fraud and Abuse. The more than 1,400 anti-fraud experts surveyed for the report were asked to estimate what percentage of annual revenues organisations lose to all types of fraud. They produced a median estimate of 5%, which, when applied to the 2013 estimated gross world product of $73.87 trillion, produces a projection of nearly $3.7 trillion lost to fraud worldwide. Continue Reading →

05/06/2014
by GAA Accounting
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Raising the Rainmakers

By Lynne Waymon, André Alphonso and Pamela Bradley

Firms should start early to nurture business development skills in young CPAs. 

After years of intense technical training, many CPAs find it difficult to turn their attention to the new role of cultivating clients and attracting referrals. Firms can put strategies in place that teach up-and-coming talent how to look beyond a compliance mindset and uncover the strategic opportunities that lead to new business. Continue Reading →

05/06/2014
by GAA Accounting
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How to use the Committee of Sponsoring Organizations of the Treadway Commission to assess IT controls

By John White, CPA/CITP, Ph.D.

Principle 11 in popular framework can help CPAs manage technology.

Maintaining proper controls over information technology is a constant concern for businesses as they try to use technological advances to drive efficiency and growth. Continue Reading →

05/06/2014
by GAA Accounting
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ICAEW Report – Audit Insights: Construction (Latest of the Audit Insights series)

The sixth report in the Audit Insights series focuses on the construction sector. It is based on the collective insights of a group of external audit experts, mainly from large and medium-sized audit firms with many years’ combined experience of auditing companies in the construction sector. Representatives from Baker Tilly, BDO, Deloitte, EY, Grant Thornton, KPMG, Mazars, PwC and the Orange Partnership formed the working group. Continue Reading →