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Last updated 2017-06-14
See also Articles & Letters
at the International Institute of Certified Pulbic Accountants (IICPA Incorp)
The Excuse for
Research in Accounting Education
by Michael Schemmann, 16 Setember 2019.|
How to Win the Battle for
Professional Accounting Talent: The Uniform Global ICPA Training Program. PDF by Michael Schemmann 01 May 2019.
Syndikus Wirtschaftsprüfer Stellungnahme zum Regelungsentwurf der Wirtschaftsprüferkammer Berlin vom 30.01.2018
"Will Blockchain Render Accountants Irrelevant?" by James Ovenden, CFO innovative enterprise ca. mid-2017 reproduced:
Vollgeld-Initiative Offener Brief an den Verwaltungsrat der Schweiz. Bankiervereinigung
vom 6. Oktober 2017 PDF
Vollgeld-Initiative Offener Brief an den
Schweizer Ständerat, Kommission für Wirtschaft und Abgaben vom 4. August 2017
Vollgeld-Initiative UBS re 100 percent liquidity and ring-fencing: Letter to Sergio Ermotti dated 16 July 2017
Statement for the Swiss "Full-Money Initiative"
Stellungnahme zur Schweizer Vollgeld-Initiative 14 July 2014
"Violation of IFRS in money creation." Re: Bank of England and German Bundesbank articles.
Open letter to FASB, IASB, IFAC
Membership Organizations (PDF) 12 June 2017.
"What's Getting a PhD in Accounting Really All About?" by Dr. Emelee GoingConcern 14 August 2013 |
"Can I Be an Accounting Professor With a Master’s in Accounting?
Best Accounting Degrees.
On Integrated Reporting
History. In 2009, HRH the Prince of Wales convened a high level meeting of investors, standard setters, companies, accounting bodies and UN representatives including
The Prince's Accounting for Sustainability Project, International Federation of Accountants (IFAC), and the Global Reporting Initiative (GRI),
to establish the International Integrated Reporting Committee (IIRC), a body to oversee the creation of a globally accepted Integrated Reporting framework.
In November 2011, the Committee was renamed the International Integrated Reporting Council.
The International Reporting Framework
Integrated Reporting is a process founded on integrated thinking that results in a periodic integrated report by an organization about value
creation over time and related communications regarding aspects of value creation.An integrated report is a concise communication about how an organization’s
strategy, governance, performance and prospects, in the context of its external environment, lead to the creation of value in the short, medium and long term.
Integrated Reporting Examples Database IIRC
2015-09-17 PwC: "What you should know about Implementing Integrated Reporting" with Superna Khosla and Paul Fitzsimon.
2015 July: PwC PDF Guide: Implementing Integrated Reporting, July 2015.
2015 est. UK Green Building Council. Practical how-to-guide: Implementing Integrated Reporting.
2014-11-24 CIMA: "Integrated Reporting" by Paul Druckman (KPMG) and Andrew Miskin (CIMA).
2014-10-28 CIMA - CNBC Africa "Integrated Thinking".
2014-04-02 "Why is South Africa leading the integrated reporting debate?"
In South Africa listed companies are required to submit an integrated report on a comply or explain basis.
2013-09-03 KPMG: "What is integrated reporting…Value creation. Business Model. Capital." by Paul Druckman, CEO of International Integrated Reporting Council.
2013 University of Wollongong Australia: A template for integrated reporting.
2013 Carol A. Richardson. "Integrated Reporting: Current Practice and Lead Thinking. Is Transparent Authentic Reputation an Added Benefit?"
New York University, School of Continuing and Professional Studies.
PDF. Excerpt (p. 29):
"CSR [corporate social responsiblity] and sustainability reports vary considerably in quality and content. Wadee (2011) suggests that reports are often aspirational rather than providing
tangible outcome or performance measures. Porter and Kramer (2006) view glossy CSR reports as cosmetic attempts to “showcase companies social and environmental
good deeds .... [they] rarely offer a coherent framework of activities”(p.81). In an interview with Kiron (2012), Eccles describes sustainability reports as
“window dressing” and suggests they are ineffective at influencing management decisions. Management buy-in is essential to drive sustainable business practices
throughout the organization."
2012-12-28 ACCA on Integrated Reporting by Richard Martin.
2012-08-21 PwC: "How and why companies can benefit from integrated reporting" with Charles Bowman and Jessica Fries.
2011-11-03 UNEP: 'Integrated reporting and sustainable finance' with emphasis on natural capital. As the Native American proverb says:
"We do not inherit the earth from our ancestors; we borrow it from our children." By HRH Prince Charles.
2011 March-April Jonathan Shaw. "A Revolution in Corporate Reporting. Integrated reporting gives all corporate stakeholders information about the
sustainability of business practices." Harvard Magazine (affiliate of Harvard University) Article.
The Future of Financial Reporting
Forward-looking financial information
2014-11-17 Sandy Peters. "Forward-Looking Information in Financial Disclosures — Necessary to Disclosure Effectiveness." CFA Institute
Note: "[I]nformation inside of financial statements is subjected to audit and interim review, internal control over financial reporting and XBRL tagging.
In addition, information inside of financial statements is not subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995
related to forward-looking statements." (Legal & Compliance, LLC Aug 9, 2016
2014 Nov/Dec CFA Institute. Summary. "Backward or Forward Looking Information?"
2014 July CFA Institute. In Detail. "Forward-Looking Information: A Necessary Consideration in the SEC’s Review on Disclosure
Effectiveness: Investor Perspectives." By Sandy N. Peters and Kurt N. Schacht
2014-09-01 IFRS Foundation: "Panel discussion on the future of financial reporting" with Hans Hoogervorst and others.
2013-05-23 BF: 'The Audit Reform - Impact on Investors' EuroFinUse Conference, Brussels, 2013.
20XX Undated. PricewaterhouseCoopers: "[Global] Guide to forward-looking information. Don’t fear the future:
communicating with confidence*."
The Global Financial Crisis of 2007 - ongoing
2013-03-26 AlJazeera. "The men who crashed the world." Meltdown - Part 4. Real estate meltdown. Spain and Dubai. From euphoria to panic.
HRH Queen Elizabeth at the London School of Economics: "If you are all so smart, why did nobody notice it coming?" LSE answer, literally,
WE KNOW NOTHING: "It was a failure of the imagination." Martin Wolf of the Financial Times of London: "The system is ultimately just too
complicated for anyone really to understand. The economy is an extremely complex adaptive system."
2011-11-29 AlJazeera. "The men who crashed the world." Meltdown - Part 3. Paulson's forced $300 bn investment in big US banks. Unemployment and protests worldwide.
2011-10-12 AlJazeera: "The men who crashed the world." Meltdown - Part 2. Lehman fallout. AIG's $85 bn bailout. TARP $700 bn Troubled Asset Relief Program.
2011-09-25 AlJazeera/CBC: "The men who crashed the world." Meltdown - Part 1. Subprime lending, Iceland and Lehman Brothers $600 bn bankruptcy.
2010-03-14 financialclips. "Lehman Brothers fraud explained by Dyland Ratigan."
Legal | Court decisions
Use of protected accounting designations
Ibanez v. Florida Department of Business and Professional Regulation, Board of Accountancy, 512 U.S. 136 (1994)
Judgment Justitia US Supreme Court |
Judgment PDF offline.
Chartered Professional Accountants of British Columbia v. Solomon Nordine et al, 2016 BCSC 1283 (Canada)
Judgment online |
Judgment offline PDF.
"[TRANSLATION] The statutes creating these professional monopolies, sanctioned by law, access to which is controlled and which protect their members
in good standing who meet the required conditions against any competition, must however be strictly applied. Anything which is not clearly prohibited may
be done with impunity by anyone not a member of these closed associations."
De Grandpé in Laporte v. College of Pharmacists (Québec)  1 SCR 101
citing Tascherau J. in Pauze v. Gauvin  S.C.R. 15.
State of Washington Accountancy Act. RCW 18.04.345 Accountancy.