The Institute of Internal Auditors has announced that the International Standards for the Professional Practice of Internal Auditing become mandatory from 1 January 2011. The purpose of the Standards is to: 1. Delineate basic principles that represent the practice of internal auditing. 2. Provide a framework for performing and promoting a broad range of value-added …

New: International Standards for the Professional Practice of Internal Auditing Read More »

Study 14 – Transition to the Accrual Basis of Accounting: Guidance for Governments and Government Entities (Third Edition) This Study is intended to assist governments and government entities wishing to migrate to the accrual basis of accounting in accordance with International Public Sector Accounting Standards (IPSASs). It may also assist governments and government entities complying …

IFAC’s Study 14 – Transition to Accrual Basis of Accounting – third edition issued Jan 2011 Read More »

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2010 City of Sydney Peace Prize Lecture, Dr Vandana Shiva Is it our thoughts that cause environmental degradation? If so, we can change our thoughts. Over those we have control. Was the green revolution a mistake? Did it destroy agricultural diversity? Dr Shiva states: “If commerce starts to undermine life support, then commerce must stop, …

Making Peace with the Earth Read More »

Kerry McGovern attended the World Congress of Accountants in Kuala Lumpur in November. The key message she brought away from the congress was the plea to develop the skills to help organisations identify and manage their use of resources using a much broader definition of resources. The tools include the integrated reporting process of the …

World Congress of Accountants 2010 Read More »

The environment, the society, culture and the economy encompass the areas to manage if we are  ” to equitably meet developmental and environmental needs of present and future generations” (Rio 1992). Much work has been done to identify a framework for measuring sustainability. The framework for accounting for  sustainability includes: The Physical Environment Society Human Capital …

Framework for assessing sustainability Read More »

OECD, 2001. Asset Management for the Roads Sector. “The main tasks set by the Steering Committee for the Programme of Research on Road Transportand Intermodal Linkages for the Working Group were to: • Develop a common definition and identify the appropriate components for an assetmanagement system (AMS). • Document the state of implementation of asset …

International Asset Management Framework – 2001 Read More »