Tag Archives: CPA Australia

Bad news for the accounting profession

News contained in the Australian Financial Review 29 October 2014 under the title ‘Accounting bodies do about-face on jobs for foreign students’ and reported by Edmund Tadros is bad for the accounting profession. The accounting profession, as Richard Laughlin established, contains three main interacting groups – policy makers, practitioners and academics. The policy makers include […]

Educating accountants: or is it too late?

Is accounting education to remain a game of trivial pursuit? In Australia on 17 June 2013 it was quite a shock to wake up to hear the Former Defence Force chief Admiral Chris Barrie on TV saying that if the world continues down its current course of activities there will be no humans alive in […]

Would you like an accountant to be your counsellor?

Do accountants have a role in helping clients deal with social, emotional and stress related problems to improve their emotional wellbeing? A recent article by Amanda Carter, Roger Burritt and John Pisaniello ‘Accountants as Emotional Wellbeing Counsellors in Rural Areas’ explores this question. Using semi-structured interviews with owner-accountants and regional development workers in rural areas, […]

Accountancy firms – do they want their graduates to perform bank reconciliations or to think?

Universities have long been criticised by professional practitioners as producing graduates who are not ‘job ready’.  A humourous litmus test is whether a new graduate employee can undertake a bank reconciliation. But the modern accounting graduate needs to be much smarter and well versed in far more than reconciliation as far as bank accounts are […]

Bribery and corruption – where are the accountants and auditors?

Research commissioned by The Australian Council of Superannuation Investors (ACSI) considers ‘Anti Corruption & Bribery Practices in Corporate Australia‘, (October 2011), in the top 100 and 200 companies in corporate Australia. Transparency International also tells us where perceptions of bribery and corruption are most likely to be found in the world. Australia is perceived to […]

Is the Accountancy profession past its use by date?

Who can say what will happen in 2061, 50 years hence? Scientists seem 100% certain Halley’s Comet whispered ‘I’ll be back’ when it last passed by the earth in 1986, before most people were born. But will the Accountancy profession be here to welcome it? Ask members of the profession, management of professional associations, academics, […]

Accounting firm provides carbon critique of biofuels

The accountancy firm Ernst and Young in a new report has waded into the debate about carbon emissions from biofuels. Over 100 top scientists and economists have written to the European Commission calling for indirect land use change to be accounted for in EU biofuels policy making. Why? Because some biofuels do not have a […]