Tag Archives: governance

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, […]

SMEs change their business because of environmental concerns

The quarterly Sensis® Business Index in Australia has been tracking SME confidence and behaviour since February 1995. It surveys 1,800 metropolitan and regional SMEs from areas such as manufacturing, wholesale and retail trade, hospitality, construction, communication, property, business services, health, community services, cultural and recreational industries. The June 2011 Index reports that looking at environmental […]