Effective Financial Reporting
When we say effective financial reporting, we think of enhanced quality of relevant disclosures required by accounting standards, whereby important and sufficient information is concisely and clearly conveyed. The goal is to support decision-making by those providing resources to the company.
Why Trade Finance Matters— Especially Now
Both global and local financial systems have been impacted by the COVID-19 pandemic, putting further pressure on trade finance. In the same way that trade supply and demand has been affected, trade finance has suffered, increasing the trade finance gap in emerging market and developing economies (EMDEs) in particular.
The most influential people in accounting right now
Many of the Top 100 Most Influential People were predicting disruption in the accounting profession long before the events of 2020 accelerated the upheaval.
Now that change has come, the leaders have become even more essential visionaries in their areas of expertise within the profession.
Financial Stability Report
A stable financial system, when hit by adverse events, or “shocks,” continues to meet the demands of households and businesses for financial services, such as credit providers and payment services. In contrast, in an unstable system, these same shocks are likely to have much larger effects, disrupting the flow of credit and leading to declines in employment and economic activity.
COVID Impacts on Financial Risk Management
The COVID-19 pandemic has enveloped the world within weeks and continues to put a severe strain on people and businesses.
The banking industry, in particular, is impacted by volatile market conditions, deteriorating credit quality, and business continuity challenges among other things.