NOTICIAS DEL IFAC

	July 14, 2015
	Latest Viewpoint Looking Back to Assess the Present: Different Development Paths for Controlling in the US, Germany by Gary Cokins, CPIM, Analytics-Based Performance Management LLC and Larry White, Executive Director, Resource Consumption Accounting Institute The world of the professional accountant working in public practice or in business is typically dominated by standards, regulations, and laws governing external financial reporting intended for the investment community and regulatory agencies. When financial information is presented or reported in any different form, it is often looked at with a certain level of suspicion and requests for reconciliation with the externally reported financial statement figures. This suspicion is a significant impediment to creating and using decision-useful management accounting information to provide internal insights and decision support. However, this is where management accounting information is most needed to create sustainable economic value.		WHAT'S IN THIS ISSUE Audit & Assurance Business Reporting Ethics Finance Leadership & Development Islamic Finance Performance & Financial Management Practice Management Risk Management & Internal Control Sustainability
	Audit & Assurance
	1. Resources | View All There’s No Substitute for Quality Article | American Institute of CPAs Clarified Auditing Standards: External Confirmations (AU-C Section 505)–Part 2 Article | Accounting Web The New Auditor’s Report Report | AccountancySA Clarified Auditing Standards: External Confirmations (AU-C Section 505)–Part 1 Article | Accounting Web Audit, Supervision and Risk in Financial Services Report | ICAS Audit 2020: A Focus on Change Article | Forbes 2. News | View All Audit of the Future: Deloitte's Latest Survey Results July 9, 2015 | Deloitte Future Audits Must Do More: Survey July 8, 2015 | CFO.com IFAC Publishes IAASB Q&A Document, ISA Module PowerPoints in Spanish; IAASB Handbook, Others Available Soon July 1, 2015 | IFAC Docket 041: Concept Release on Audit Quality Indicators July 1, 2015 | Public Company Accounting Oversight Board EU Audit Reform a Test for Regulators: Haddrill July 1, 2015 | The Accountant Study Supports Audit and Supervision Links June 30, 2015 | Institute of Chartered Accountants of Scotland Assurance Reviews Could Be Welcome Filip but 'Audit Lite' Concerns Remain June 30, 2015 | Accountancy Age PCAOB Proposes Form for Disclosing Audit Engagement Partner and Suggests Audit Quality Indicators June 30, 2015 | Accounting Today
	Business Reporting
	1. Discussion | Applying a “Critical Lens” to Integrated Reporting’s End Game Jeff Thompson, President and CEO of the Institute of Management Accountants, discusses the IMA’s views on how internal and external application of integrated reporting, and integrated thinking, are needed. 2. Resources | View All EFAA Publishes Article on Integrated Reporting Article | European Federation of Accountants and Auditors for SMEs IPSAS in a Nutshell: From Principles to Practice Book | PwC 3. News | View All Annual Report is now a "Corporate Brochure" July 13, 2015 | Economia Why Every Citizen Should Care about Government Spending July 10, 2015 | IFAC Integrated Reporting Is Taking Off in France July 9, 2015 | IIRC IFRS Foundation Reconsiders Structure and Effectiveness July 8, 2015 | Accounting Today Hold Your Government to Account, IFAC Chief Tells CIPFA Seminar July 8, 2015 | Public Finance International Ball Calls for Improved Financial Reporting to Measure Government "Net Worth" July 7, 2015 | Public Finance International The Death of the Annual Report... As We Know It July 2, 2015 | BizCommunity.com IASB Chairman Hans Hoogervorst Speaks at the 2015 IFRS Foundation Conference in Paris July 1, 2015 | IFRS Foundation Group Formed to Improve XBRL Filing Quality June 30, 2015 | Accounting Today June 2015 IFRS for SMEs Update June 30, 2015 | IFRS Foundation
	Ethics
	1. Resources | View All Educating Professionals: Ethics and Judgment in a Changing Learning Environment Article | CPA Canada 2. News | View All IBE Addresses Ethics Challenge of Intergenerational Workforce July 7, 2015 | Ethical Performance EU Audit Reform a Test for Regulators: Haddrill July 1, 2015 | The Accountant LIBOR Lessons, Corp Market Responsibility: Cosgrove Prize Winners Foster Ethics in Finance July 1, 2015 | CFA Institute Be Aware of Financial Activity Alarm Bells, Warns CCAB Anti Money Laundering Taskforce June 30, 2015 | Association of Chartered Certified Accountants Toshiba Chief Promises Overhaul Amid Calls for Him to Quit June 25, 2015 | Financial Times How to Be an Ethical Leader May 23, 2015 | Director
	Finance Leadership & Development
	1. News | View All Finance Professionals Challenged by Interaction with Other Personalities July 10, 2015 | CGMA Magazine CFOs: Are You Ready for an IPO? July 8, 2015 | Forbes IAESB Issues Consultation Paper on Guiding Principles for Implementing a Learning Outcomes Approach July 7, 2015 | International Accounting Education Standards Board Force for Change July 3, 2015 | Chartered Accountants Australia and New Zealand CGMA and Bloomberg Radio Present Panel on the Growing Skills Gap in the Finance Profession July 2, 2015 | American Institute of CPAs Belicia Cespedes: A CPA at 17 July 1, 2015 | Journal of Accountancy 3 Tips to Help Millennials and Baby Boomers See Eye to Eye June 29, 2015 | AICPA Insights 'Will Work for Food'–The Coming Collapse of the Professions March 9, 2015 | Forbes
	Islamic Finance
	1. Resources | View All Malaysia Islamic Finance Report 2015: Mainstreaming Islamic Finance within Global Financial Systems Report | Zawya.com Challenges of Implementing Shari'ah Governance Video | Institute of Islamic Banking and Insurance Explainer: How Does Islamic Finance Work? Article | The Conversation Takaful Islamic Insurance: Concepts and Regulatory Issues Book | Wiley 2. News | View All Standardization Crucial to Unleashing Islamic Economy’s Potential July 13, 2015 | Gulf News CIBAFI and the World Bank Sign MoU in Order to Foster Cooperation on Islamic Finance July 12, 2015 | CPI Financial Bank of Tokyo-Mitsubishi UFJ Gets Dubai Islamic Finance Licence July 12, 2015 | CNBC IFSB’s Jaseem Ahmed–Ethical Finance Is Second Wave of Development for Sharia Finance July 11, 2015 | Islamicfinance.com World Bank in Deal to Foster Cooperation on Islamic Finance July 10, 2015 | Zawya.com Will Islamic Finance Solve the Growth Problem for "All Mankind"? July 10, 2015 | Economia How Islamic Finance Could Be about to Take Off in China July 2, 2015 | The Conversation Growing Demand for Islamic Finance Talent July 1, 2015 | IslamicFinance.com Al Rayan Bank Reveals Findings from UK’s First Survey into the British Muslim Business Market March 5, 2015 | Al Rayan Bank
	Performance & Financial Management
	1. Resources | View All Accounting Software Choices for Accounting Firms and Their Clients Article | CPA Practice Advisor The Effects of Cloud Technology on Management Accounting Report | Chartered Institute of Management Accountants Cash Doesn’t Grow on Trees Article | Accounting Today Handbook on the Participation of the CSO in the Local Budget Process Book | Republic of the Philippines Department of Budget and Management 2. News | View All Disruptive Innovation in Financials July 13, 2015 | Morgan Stanley 4.6 Million Small Firms Struggling to Introduce New Technologies July 2, 2015 | FreshBusinessThinking.com Micro-Businesses Overwhelmed by Accounting July 1, 2015 | Accountancy Age
	Practice Management
	1. Resources | View All Succession Planning: Running Your Firm after Retirement Article | CPA Practice Advisor There’s No Substitute for Quality Article | American Institute of CPAs Accounting Software Choices for Accounting Firms and Their Clients Article | CPA Practice Advisor Q&A: Price Check Article | Journal of Accountancy How Buying Habits Changed Client Acquisition Article | Accounting Web Cash Doesn’t Grow on Trees Article | Accounting Today 7 Things Potential Clients Want from Your Website Article | NJ Society of CPAs 2. News | View All How Accounting Firm Compensation Structures Can Undermine Success July 10, 2015 | Forbes Accountancy Age's Top 50 Websites Review 2015 July 10, 2015 | Accountancy Age How CPAs Can Better Protect Clients' Personal Data July 8, 2015 | Accounting Web Are Accountants Making the Most of Technology? July 7, 2015 | Accounting Today He Said, She Said: Succession Planning July 2, 2015 | Accounting Today Survey Says: Managing Vendors and Service Providers Is a Key Priority July 2, 2015 | CPA.com Micro-Businesses Overwhelmed by Accounting July 1, 2015 | Accountancy Age Practice Management: Ready or Not, Change Is Coming July 1, 2015 | Accounting Today Bentleys Launches New SME Service June 30, 2015 | Accountants Daily What Small Firms Offer Clients June 30, 2015 | Accounting Web Ready or Not, Change Is Coming June 29, 2015 | Accounting Today 3 Tips to Help Millennials and Baby Boomers See Eye to Eye June 29, 2015 | AICPA Insights CPA Firms Face Considerable Succession Challenges June 18, 2015 | NJ Society of CPAs 'Will Work for Food'–The Coming Collapse of the Professions March 9, 2015 | Forbes
	Risk Management & Internal Control
	1. Resources | View All The IIA COSO Resource Exchange Website/Resource Center | Institute of Internal Auditors Leveraging COSO across the Three Lines of Defense Document | Committee of Sponsoring Organizations of the Treadway Commission Risk Management Videos on YouTube Video | Risk Spotlight How to Prevent Data Breaches by Service Providers Article | CFO.com 8 Best Practices for Aligning Strategy, Planning, and Risk Case Study | CGMA Magazine 2. News | View All Using Three Lines of Defense to Manage Internal Controls July 9, 2015 | Journal of Accountancy Pulse of Internal Audit July 6, 2015 | Institute of Internal Auditors Wanted: A Flexible Approach to Internal Audit Planning July 6, 2015 | Journal of Accountancy Be Aware of Financial Activity Alarm Bells, Warns CCAB Anti Money Laundering Taskforce June 30, 2015 | Association of Chartered Certified Accountants APAC Nations Slow to Establish Cybersecurity Strategies June 30, 2015 | ZD Net
	Sustainability
	1. Resources | View All Informing Decisions, Driving Change: The Role of Data in a Sustainable Future Report | Global Reporting Initiave Responsible Business Conduct: The OECD Guidelines for Multinational Enterprises Report | Business and Industry Advisory Committee GRI Introduces Support Suite Guidance | Global Reporting Initiave Eroding Corporate Water Reporting? Report | CPA Australia Sustainability and Capital Investment Case Studies Case Study | CPA Australia 2. News | View All Sustainability: Framework Wars July 10, 2015 | The Accountant Can Multinational Corporations Be Sustainability Leaders? July 7, 2015 | Forbes CDSB Framework Launched July 6, 2015 | Climate Disclosures Standards Board SASB Issues Provisional Sustainability Accounting Standards for Consumption Industries July 2, 2015 | Accounting Today The Economy’s Missing Metrics July 1, 2015 | New York Times Group Offers Sustainability Accounting Standards for Consumption Industries June 30, 2015 | CPA Practice Advisor Is the Developing World under Threat of an Environmental Super-Villain? June 18, 2015 | Inter-American Development Bank
	Prepared by IFAC's Communications Department. Contact communications@ifac.org for further information. Copyright © 2015 by the International Federation of Accountants (IFAC). All rights reserved. Written permission from IFAC is required to reproduce, store or transmit, or to make other similar uses of, this document.