عرض العناصر حسب علامة : IMA
الأربعاء, 21 سبتمبر 2022 12:55
أهمية اتخاذ إجراءات لتحسين التنوع والإنصاف والشمول في مهنة المحاسبة
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المحتوى بالإنجليزية
BONUS | Alan Johnson - Accountants Advancing Diversity, Equity, and Inclusion Across the Profession
Alan Johnson, President of the International Federation of Accountants (IFAC), joins Count Me In to talk with Loreal Jiles, IMA Director of Research, about the importance of taking action to improve diversity, equity, and inclusion (DE&I) in the accounting profession. On the heels of an IMA and CalCPA-sponsored research study supported by IFAC and 13 other organizations, Loreal shares relevant findings from the research study and Alan recounts personal experiences and offers actionable insights on steps accounting and finance professionals can take to play leading roles in DE&I improvement. Download and listen in for inspiration to act now!
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الأربعاء, 17 فبراير 2021 13:15
تنويع المواهب المحاسبية: ضرورة حاسمة لتحقيق نتائج تحويلية
IMA (معهد المحاسبين الإداريين) و CalCPA (جمعية كاليفورنيا للمحاسبين القانونيين المعتمدين) ، اللذين يعملان بشكل تعاوني مع شركاء البحث والمساهمين والمستشارين ، أجروا دراسة بحثية عن التنوع والإنصاف والشمول
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المحتوى بالإنجليزية
Diversifying U.S. Accounting Talent: A Critical Imperative to Achieve Transformational Outcomes
DE&I
IMA® (Institute of Management Accountants) and CalCPA (California Society of Certified Public Accountants), working collaboratively with research partners, contributors, and advisors, conducted a research study of diversity, equity, and inclusion (DE&I) in the U.S. accounting profession. This study focused on three demographic areas: race and ethnicity, gender, and LGBTQIA orientation. The first in a multi-part global series, this study included an online survey of more than 3,000 current and former U.S. accounting professionals and interviews of more than 50 accounting, human resources, and DE&I practitioners and academics.
This research highlights a diversity gap, the observed difference between the demographic background of executive leadership ranks and the rest of the profession (as well as the U.S. population). The report presents an assessment of the current state of DE&I in the U.S. accounting profession through key survey findings, oral histories of the study’s participants, and an in-depth, discrete look at each demographic focus area.
The report also examines the role of ethics in the profession’s DE&I progress and suggests solutions to drive change as presented by the study’s participants. All organizations and researchers involved in this study intend to use the report as a catalyst for widespread, targeted, and coordinated DE&I improvement across the profession.
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الإثنين, 08 فبراير 2021 14:15
معهد المحاسبين الإداريين IMA يعلن عن " المدارس المعتمدة " لعام 2021
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IMA announces its 2021 'Endorsed Schools'
By Sean McCabe
February 03, 2021, 12:35 p.m. EST
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The Institute of Management Accountants announced eight new colleges and universities have been recognized as IMA Endorsed Schools, highlighted for their support of students pursuing and earning the Certified Management Accountant credential.
Approximately 100 colleges and universities around the world have been recognized as IMA Endorsed Schools to date. This year was notable in Morgan State University being the first member of a Historically Black College and University to earn the IMA's recognition.
The endorsement comes at a time when the accounting profession has been trying to do more to diversify its ranks. That has also been one of the goals of the IMA.
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“High-quality educational programs like those at these endorsed institutions help future management accountants achieve their career goals and meet the competency expectations of today’s employers,” said Raef Lawson, IMA vice president of research and professor-in-residence, in a statement Wednesday. “We continue to encourage qualified programs to apply for IMA endorsement and earn this distinctive recognition.”
The schools to have earned the IMA Endorsed School distinction for 2021 include:
Assumption College (Worcester, Massachusetts)
Kansas State University (Manhattan, Kansas)
NEOMA Business School (Reims, Rouen, and Paris, France)
Utah Valley University (Orem, Utah)
Colorado State University Global (Aurora, Colorado)
Texas A&M University-Commerce (Commerce, Texas)
Suffolk University (Boston, Massachusetts)
Morgan State University (Baltimore, Maryland)
More information about the program is available on the IMA's site here.
Sean McCabe Senior Editor, Accounting Today
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IMA ACCOUNTING EDUCATION ACCOUNTING STUDENTS CERTIFIED MANAGEMENT ACCOUNTANTS
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الأربعاء, 27 يناير 2021 15:18
هل تتلاشي فرص التعافي السريع وسط عودة ظهور COVID-19؟
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المحتوى بالإنجليزية
Accountants see chances of swift recovery slipping away
By Michael Cohn
Accountants around the world are seeing the prospects for swift economic recovery slipping away amid a resurgence in COVID-19.
The latest edition of the quarterly Global Economic Conditions Survey from the Association of Chartered Certified Accountants and the Institute of Management Accountants found that confidence fell in North America in the fourth quarter of 2020, after surging in the third quarter. On the other hand, there was a big improvement in confidence in the Middle East, perhaps due to a rebound in oil prices. More than 50 percent of the accountants who responded to the survey in the Asia Pacific region, North America and South Asia expect sustainable recovery in the second half of this year.
Expectations for an economic recovery rose late in 2020 as pharmaceutial companies began producing coronavirus vaccines, but the slow pace of the rollout due to manufacturing and distribution delays is likely to dampen optimism further. Accountants report that the companies and firms where they work anticipate pent-up demand for products and services once vaccines are widely available and people are able to travel more freely, although the mutating strains of the virus are adding uncertainty to those prospects.
Health care workers test people at a COVID-19 testing site in the parking garage for the Mahaffey Theater in St. Petersburg, Florida.Eve Edelheit/Bloomberg
“Last year was the worst for the global economy for several decades,” said Warner Johnston, head of ACCA USA, in a statement Tuesday. “2021 will see recovery, but precisely when and how strong it will be is very uncertain. We anticipate a weak start, followed by a recovery gathering momentum through the second half. Much depends on the evolution of the COVID virus and variants relative to the progress of vaccination programs, and there is great uncertainty surrounding these developments.”
Confidence among accountants fell in the ACCA and IMA’s Q4 survey, after jumping by the greatest percentage on record in Q3. Orders and capital spending showed little change in Q4 and remained well below their pre-crisis levels of a year ago. Employment recovered significantly in Q4 on the index, thanks to a relatively good jobs market rebound since the early weeks of the pandemic. Overall, the survey indicates expectations among accountants for continued economic recovery in early 2021.
Concerns and fears about customers and suppliers going out of business edged lower worldwide in Q4 but remain elevated, highlighting the extreme uncertainty in the global economic outlook at the beginning of 2021. More than half of the respondents in Asia Pacific, North America and South Asia expect sustainable recovery in the second half of this year.
However, in many parts of the world, the likelihood of a swift recovery is dim for this year, especially where the vaccine rollout has barely begun at all.
“The pandemic has forced millions into extreme poverty as emerging markets suffered recession for the first time in decades last year,” said IMA vice president of research and policy Raef Lawson in a statement. “Policy responses to the pandemic have left the public finances of most economies in a perilous state with budget deficits in the range of 10 percent to 15 percent of GDP in many countries with debt to GDP ratios well over 100 percent.”
In Africa, for example, the renewed rises in infections toward the end of 2020, along with a continuing absence of foreign tourists, point to a weak start to 2021. The declining amount of GDP per capita across the region, according to the World Bank, will push tens of millions of people into extreme poverty.
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الأحد, 24 يناير 2021 14:16
المجلس الدولي للإبلاغ المتكامل يراجع إطار الإبلاغ المتكامل
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المحتوى بالإنجليزية
IIRC revises integrated reporting framework
By Michael Cohn
The International Integrated Reporting Council has published its revised Integrated Reporting Framework, incorporating some major changes since the IR Framework was first published in 2013.
The new version aims to clarify concepts and simplify guidance in the framework for report preparers and produce integrated reports with better quality. Integrated reporting aims to unite financial reporting with reporting on other aspects of an organization, including its environmental, social, governance, strategic and human capital aspects. Approximately 2,500 organizations in more than 70 countries now use the current IR Framework.
Publication of the revised framework comes at a time of transition for the IIRC, which announced plans last fall to merge with the Sustainability Accounting Standards Board this year to form a group called the Value Reporting Foundation (see story). They are also in talks with the Climate Disclosure Standards Board to join them in the merger
Last year, the three groups, along with the Global Reporting Initiative and the Carbon Disclosure Project, announced plans to harmonize their sometimes conflicting standards to meet the needs of investors who are increasingly looking to invest in companies based on their environmental, social and governance, or ESG, measures. International financial regulators have been pushing the groups to align their standards better to make the disclosures easier to compare and discourage “greenwashing” by companies that choose to emphasize whatever environmental claims they like. The International Financial Standards Foundation has floated a proposal to set up an International Sustainability Standards Board that it would oversee alongside the International Accounting Standards Board, and has been gaining positive comments on that proposal from groups like the International Federation of Accountants and the Institute of Management Accountants.
The newly revised IR Framework may therefore give way eventually to whatever standards the Value Reporting Foundation or a potential International Sustainability Standards Board promulgate, but it will probably be used to help build those future standards too.
The revisions focus on a simplification of the required statement of responsibility for the integrated report, and aim to provide improved insight into the quality and integrity of the underlying reporting process. The revised framework offers a clearer distinction between outputs and outcomes and places greater emphasis on the balanced reporting of outcomes and value preservation and erosion scenarios.
“Since 2013, the Framework has progressed the quality of reporting around the world,” said IRC CEO Charles Tilley in a statement Tuesday. “It has enabled businesses to assess their ability to create value in the short, medium and long term, to improve their communication with investors and key stakeholders, and driven a more cohesive and efficient approach to reporting that enhances accountability and stewardship across financial, natural, manufactured, human, intellectual, and social and relationship capital. As business resilience is tested so severely in the wake of the global pandemic, climate change and growing inequality, effective integrated thinking and reporting is more important than ever.”
The IIRC consulted with 1,470 experts in 55 jurisdictions before publishing the revised framework. “This revised IR Framework is the culmination of invaluable feedback we received from our stakeholders globally and the tireless efforts of our dedicated and expert IR Framework Panel to identify key areas for clarity and simplification,” said IIRC chief technical officer Lisa French, who oversaw the consultation and revision process, in a statement. “As a market-led movement, the input of business, investors, the accountancy profession and experts in the field is essential. As a result, the revised IR Framework is now in an even better position to support the journey to integrated reporting.”
The London-based Chartered Institute of Management Accountants welcomed the revised framework, saying it would provide organizations across the world with a more valuable mechanism to improve their corporate reporting, focus on long-term value creation and increase stakeholder trust.
“The coronavirus pandemic has made abundantly clear that organisations cannot continue to solely base their corporate reporting and decision-making on past financial performance,” said
Andrew Harding, chief executive of management accounting at CIMA, in a statement. “They must now focus on a broad range of resources and relationships to provide a comprehensive, forward-looking picture of the organisation’s performance and its value-creation potential, particularly in an uncertain world. The revised IR Framework will provide organizations with high-quality standards to create relevant, reliable and comparable corporate reporting across the world.”
Barry Melancon, president and CEO of the American Institute of CPAs and the Association of Certified Professional Accountants, and global chairman of the IIRC, explained some of the changes going on with the IIRC, SASB and other groups during a virtual meeting Tuesday of the Accountants Club of America. He predicted that the CDSB would be likely to join SASB and the IIRC in their merger.
“There is discussion about how we create a rationalization of the standards and metrics that are in play globally, not just in the U.S., but globally, for businesses to comply with,” he said. “It is my impression that businesses, boards, employees, shareholders and investors all understand the need for businesses to report and be more consistent in these areas. But there are some 200 different models around the world. That does not comport with how this can actually evolve. If you are a CEO of a company, you might say, ‘Yes, I want to do the right thing. Tell me the definition of the right thing.’ That's not an unreasonable response from the leaders or boards. There are just too many things that have sort of evolved over the last four or five years that have not been rationalized. Our emphasis in 2020 at the IIRC was to have a rationalization process that hopefully will come to fruition in 2021.”
He pointed out that accounting standards also evolved in the 20th century from competing rules into a set of Generally Accepted Accounting Principles. Melancon acknowledged that it may take a while longer for all the international groups to come together around standards, and the U.S. has moved more slowly on integrated reporting than Europe, the U.K. and parts of Asia. But he believes the Biden administration will be putting more emphasis on ESG requirements, and the SEC may be backing that effort as well. “I think it's important that we have a global answer,” he said.
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الأربعاء, 21 سبتمبر 2022 11:46
ستة اتجاهات كبرى للمحاسبين هذا العام
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IMA CEO sees 6 ‘megatrends’ for accountants this year
By Michael Cohn
Institute of Management Accountants president and CEO Jeff Thomson is predicting six megatrends in the finance and accounting profession this year.
They include:
An increasing amount of automation;
Remote work becoming the norm for finance teams;
Environmental, social and governance reporting growing in importance;
Finance professionals being held accountable for enterprise risk management;
Diversity, equity and inclusion becoming more of a competitive differentiator, in addition to being the right thing to do; and,
Increasing demand for upskilling and continuing education for professionals.
Many of the trends are ones seen in years past, but are likely to grow in importance this year as organizations deal with the ongoing COVID-19 pandemic and face challenges in implementing technology and responding to demands for a diverse workforce and the threats posed by climate change, he explained.
Institute of Management Accountants president and CEO Jeff ThomsonCourtesy of the IMA
“Organizations and their CFOs have to continue to build their balance sheets, continue to invest in the future, build their talent pipeline, invest in automation and analytics, and service that pent up demand,” said Thomson. “Continue to build their teams and service that demand. Invest in technology, RPA and automation tools.”
Over the past year, he has seen remote work take hold as a way to cope with the pandemic, but some organizations are incorporating hybrid models combining two or three days of work in the office and two or three days of work from home.
“That means you have the automation tools, collaboration tools, discipline and taxonomies to make sure that people kind of understand the protocols,” said Thomson.
ESG reporting has grown in popularity as more companies try to demonstrate how they are responding to climate change and social issues in response to investor demands for greater accountability. Thomson sees value in plans for some of the standard-setters in this area, like the Sustainability Accounting Standards Board and the International Integrated Reporting Council, to merge together into a single organization that will be called the Value Reporting Foundation. SASB and the IIRC have also announced plans to work with other groups like the Global Reporting Initiative, the Carbon Disclosure Project, and the Climate Standards Disclosure Board to harmonize their standards. The International Financial Reporting Standards Foundation is also considering a proposal to create an International Sustainability Standards Board that it would oversee alongside the International Accounting Standards Board (see story).
“There were so many organizations overlapping and overstepping each other, so that could bring some more clarity and consolidation to this,” said Thomson. “IMA has been calling for that for quite a long time.”
The reporting requirements should not be overly burdensome, however. “I am actually confident that the U.S. is beginning to understand the importance without creating an overbearing disclosure process,” said Thomson. “We don't necessarily want to make this mandatory. We don't want to create too much pressure or weight on the disclosures process in the U.S. We want to make it meaningful for investors, meaningful for corporates, without putting an overwhelming reporting burden on preparers. We want to find the right balance in the U.S. and around the world.”
Along with ESG issues, accountants will also be dealing more with enterprise risk management as they cope with challenges like the impact of COVID-19 and other disasters on their organizations.
“With enterprise risk management, organizations are trying to be more anticipatory of disasters,” said Thomson. “You can't foresee a specific disaster, but you certainly should be building business continuity planning, disaster recovery and remote work policies.”
With the growth of the Black Lives Matter movement last year, organizations are seeing a greater need to increase their diversity efforts as they upskill their workers.
“Diversity, equity and inclusion are critical differentiators for organizations in the race for relevance of our profession,” said Thomson. “Technology is moving so quickly. It could cause some suppression of jobs at the low end. As jobs get automated away, transaction processing or routine repetitive types of jobs potentially get replaced by higher value-added analytics type of jobs, but only if we commit to upskilling and reskilling and diversifying our talent pool. That's where that diversification of the talent pool comes into play. We have a lot of opportunities to leverage these megatrends in automation, remote work, ESG and DE&I in the overall talent pool.”
The IMA will be presenting a study Thursday that it conducted with the California Society of CPAs on diversity, equity and inclusion during a virtual event.
Thomson is hopeful about the year ahead. “I think 2021 will be a good year for our own sake as human beings, but I think 2021 is going to be a good year for the profession in many, many ways,” he said. “There are significant risks, but I think the profession has an incredible opportunity to show its mettle, its resilience and its adaptability.”
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الأربعاء, 21 سبتمبر 2022 11:45
اختيار رئيس جمعية كاليفورنيا للمحاسبين القانونيين كرئيس تنفيذي جديد لمعهد المدققين الداخليين
سيخلف الرئيس والمدير التنفيذي لجمعية كاليفورنيا للمحاسبين القانونيين أنتوني بوجليس القائد القديم لمعهد المدققين الداخليين، ريتشارد تشامبرز
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CalCPA chief picked as new IIA CEO
By Michael Cohn
California Society of CPAs president and CEO Anthony Pugliese will be succeeding the longtime leader of the Institute of Internal Auditors, Richard Chambers, as the IIA’s new president and CEO at the end of March.
The IIA announced Tuesday that Pugliese will be taking the reins of the Lake Mary, Florida-based organization when Chambers steps down March 31. Chambers announced his retirement last year after leading the IIA for 12 years, and the institute engaged executive search firm Korn Ferry to find a replacement (see story). They identified Pugliese as a strong candidate to succeed Chambers.
Apart from his experience leading CalCPA -- the largest state CPA society, with 45,000 members -- Pugliese was also a longtime official at the American Institute of CPAs and later the Association of International Certified Professional Accountants. From 1997 through 2018, he held important leadership positions at the AICPA, including chief operating officer; executive vice president of membership, technology and learning; senior vice president; and vice president of business reporting and member innovation. Among other things he oversaw the AICPA’s $50 million relocation from New York to North Carolina.
Pugliese initially plans to meet with other officials and members at the IIA to hear about their concerns as he works closely with Chambers during the transition period. He sees opportunities ahead for the organization, even as it adjusts to new ways of working during the COVID-19 pandemic.
“We’ve seen a deepening of the role for internal audit,” Pugliese told Accounting Today. “It’s understanding the trajectory of internal audit and continuing a broadening role across the profession. There’s just so much going on. We’re looking at a whole range of new risks and opportunities for the profession right now. Our primary goals are growth and to make sure we’re doing the advocacy that’s necessary for the changing times.”
Institute of Internal Auditors incoming president and CEO Anthony PugliesePhoto by Richard Morgenstein
He is seeing more advanced technology being used by auditors and wants to encourage early involvement of students in the profession. “We have a digital transformation that we’re working on not just at IIA, but also the transformation that has to occur across the profession,” said Pugliese. “By that I mean blockchain, AI, modernization of systems, etc., and making sure we've got our eyes set on the next generation of internal auditors, beginning in high school and early college years.”
As CEO of the IIA, Pugliese will manage the nearly 80-year-old organization, which boasts more than 200,000 members, 156 chapters and 112 affiliates in nearly 200 countries and territories. He plans to focus on improving membership services, creating new approaches to learning and competency development programs, completing the IIA’s multimillion-dollar digital transformation initiative, and enhancing the value of internal audit, especially when it comes to addressing organizational risks and opportunities.
“We are thrilled to welcome Anthony to the IIA,” said IIA global chair Jenitha John in a statement Tuesday. “He is an articulate, well-informed, passionate and results-driven leader with a consistent track record of great successes that inspire and benefit not only his organizations but, importantly, the members they serve. His strategic direction, coupled with his insight of internal audit’s evolution and the instrumental role technology holds for its future, will help the IIA grow and build value for our members and customers around the world.”
Pugliese has been frequently recognized as one of the Most Influential People in the profession by Accounting Today. He holds the AICPA's Chartered Global Management Accountant and Certified Information Technology Professional credentials, and is licensed as a CPA in California, Georgia and North Carolina.
Priorities for the future
He has worked on encouraging more diversity, equity and inclusiveness in the profession at both the AICPA and CalCPA. At CalCPA, he has also been working on a project with the Institute of Management Accountants on a study of diversity and inclusion in the profession. He and IMA president and CEO Jeff Thomson plan to discuss the topic during an online event on Thursday.
“All facets of the profession today are facing this problem,” said Pugliese. “The problem maybe has gotten better as far as underrepresented populations moving into the profession. But what we're seeing now is those that do are leaving at a disproportionate rate, so that would lead us to believe the problem is still in existence. The goal of the research with the IMA is to really get down to not just strategies on how to improve diversity within the profession, but really what's causing the problem to begin with. A lot of people have different ideas and a lot of companies with the best intentions tend to approach the problem by making sure they hire enough people that have backgrounds in underrepresented populations. But that really doesn't get to the root of the problem, which is feelings of inclusiveness and so forth. We’re looking at that now, and I'm really excited to look at it within the internal audit profession soon after I get started.”
Another priority for Pugliese will be educating members about the latest audit technology. “A lot of the time internal audit is acting as a complement to external audit,” he said. “They're going to be using a lot of the tools that external audit uses. That’s one angle where we need to have education across the profession so our members understand what’s being done on the external audit. For the most part they do, but technology continues to change.”
The Institute of Internal Auditors partners with other organizations besides the IMA. It’s part of an initiative called the Anti-Fraud Collaboration with the Center for Audit Quality, Financial Executives International and the National Association of Corporate Directors. Together, they released a report Tuesday analyzing fraud trends in recent years based on enforcement actions by the Securities and Exchange Commission (see story).
“Internal audit is always focused, at least in my experience, on fraud and fraud prevention, making sure to be alerted to the risks that are present there,” said Pugliese. “I oversaw the internal audit function for 15 years at AICPA. When I left, it had actually evolved into a pretty large team and that was one of their primary goals. I think where internal audit became even more valuable in that experience for me was when AICPA went global in 2016. Companies that are global have such a range of controls and regulation concerns that they have to deal with. As we become more and more global as a community across the planet, I think there is a much wider role for internal audit, and they’ve probably been operating in that for a long time.”
Pugliese has already begun working with Chambers during the transition. “We intentionally have about a month of overlap,” he said. “But Richard and I have already started our calls on a regular basis, so I think it’s a bit more like three months of us being able to work together and gain from his vast knowledge.”
He has been reading Chambers’ books, such as “Lessons Learned on the Audit Trail.”
“I'm beginning to get more and more entrenched into what he’s learned and his perspectives,” said Pugliese. “That’s been very helpful. Richard and I are going to be working closely. I'm sure he'll be OK if I call him after his last days. He’s been a fixture in the profession for over 12 years, and before that. He's been a great mentor.”
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الأربعاء, 30 ديسمبر 2020 17:25
معهد المحاسبين الإداريين يشهد نموًا في عام 2020 على الرغم من الجائحة
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الثلاثاء, 15 نوفمبر 2022 09:20
Certified Management Accountant CMA شهادة محاسب اداري معتمد
شهادة CMA واحدة من اهم الشهادات المهنية التي يحصل عليها الدراس في مجال المحاسبة حيث اصبحت الشهادات المهنية جزء لا يتجزأ للحصول على فرصة مميزة في مجال العمل
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الإثنين, 07 ديسمبر 2020 14:08
مواجهة المحاسبين لتيار الأتمتة المتزايدة
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