Letter to International Federation of Accountants (IFAC). To Read Brett's letter go to his website.
https://www.excellere.com.au/blog/2018/ ... tants-ifac
by Brett Stevenson 19 November 2018
You may be interested in a letter I have sent to the International Federation of Accountants (IFAC) which plays an important role in setting accounting standards globally.
It focussed on two matters.
1. CPA Australia's poor example as a member, and possibly IFAC being guilty of the same scandalous remuneration that has earned CPA Australia such public and professional censure.
2. IFAC's possible failure to deal with THE big accounting issue of today being the drift from audit services to non-audit services by the Big Four accounting firms, and the enormous risks that poses. This has been dragging on for years and needs the profession to proactively deal with it not avoid it..
It is going to IFAC and all its 170 member organisations.
|Merry Christmas to Peter Wilson. When it was suggested that Peter Wilson should be independent of the old board so that we can have a fresh start Peter responded with "That's your issue". Summary of the meeting here: viewtopic.php?f=23&t=594|
A good summary of where we are up to by Joe Aston of the AFR, linked to from here: viewtopic.php?f=5&p=4137#p4137
If you are new to this website read the story so far: viewtopic.php?t=321#p1793
Check out some of the AFR articles, too many to list and check out some of the ABC reports: http://www.afr.com/business/accounting/ ... 215-h055ej http://www.afr.com/business/accounting/ ... 211-h02x1d http://www.abc.net.au/news/programs/the ... s,/8626662
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