Tag Archives: changes

What’s New in Management Accounting

Innovations Key innovations in management accounting include: Japanese management accounting; business re-engineering; activity-based costing; strategic management accounting; economic value-added approaches; accounting and ‘e’ business, and performance measurement and incentives.   Source: http://www.lse.ac.uk/accounting/news/MARG/home.aspx   Trends The seven major trends in management accounting are: Expansion from product to channel and customer profitability analysis; Management accounting’s expanding role with enterprise performance management (EPM);

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AASB Plans Significant Changes to the Auditor’s Report

reviewing documents

Reporting revolution! Significant changes to the auditor’s report are getting closer. The AASB plans international standards for auditor reporting in 2017. The Auditing and Assurance Standards Board (AASB)’s recent developments are bringing closer the reality of significant changes to the auditor’s report (form and content). Eric Turner, CPA, CA (Director, Auditing and Assurance Standards, CPA Canada) goes on to say

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