By Sharifah Pirdaus Syed AliThe shift towards accrual accounting is needed for the public sector, but this requires proper planning due to its complex process, said International Federation of Accountants (IFAC) Chief Executive Officer, ...

 

 

Auditors Face a Crisis of Relevance in the Capital Markets 

 

Let’s not kid ourselves. Financial statement auditing as we know it is facing a crisis of relevance in today’s capital markets.Scrutiny since the global financial crisis has been intense. Auditing needs a BHAG—big, hairy, audacious goal—to ...

 

 

 

By Erda Khursyiah BasirThe biggest challenge to develop an effective accrual-based financial reporting system for the governments and other public sector entities worldwide is to get the political support.