Date posted: 29/11/2019 5 min read

What does the future of chartered accounting look like?

In Dec 2019/Jan 2020 Acuity, we talk to “20 young CAs to watch” and examine the future of audit.

In Brief

  • The Dec 2019/Jan 2020 issue of Acuity magazine is in mailboxes from 2 December 2019.
  • On the cover are five of our “20 young CAs under 35 to watch” who are showing excellence in the profession.
  • This issue also examines the future of audit and has a guide on choosing expense management tools.

What does the future of chartered accounting hold? A rise in business partnering and better insights, driven by technology, and a new generation of CAs committed to accounting excellence and ethics, and deeply involved with their communities.

When Acuity asked CA ANZ members to recommend young CAs who are making a positive impact on the accounting profession, we were overwhelmed by the quantity and quality of the nominations. In the capable hands of these enthusiastic and committed young CAs, the future of the profession looks bright.

The individuals selected in our “20 CAs under 35 to watch” work right across the sector, from Big Four accounting firms to tech start-ups, not-for-profits, in local council and at small practices. What they share is a commitment to the CA ANZ Code of Ethics and Professional Standards and demonstrated excellence in their respective fields.

Among these young CAs are Sydney-based Dina Gofman CA, Stephanie Forsyth CA, Ryan Hanson CA, Rosalind Loo CA and Kate Sheringham CA, who are pictured on the cover of Dec 2019/Jan 2020 Acuity.

On top of making waves in their various positions, the young CAs featured in this edition are using their accounting and finance skills to make outstanding contributions to their communities.

The evolution of audit

The auditing profession has faced growing public scrutiny, and criticism, in recent years. The Dec 2019/Jan 2020 issue of Acuity looks at recommendations made by CA ANZ to restore faith in auditors, including a stronger and more integrated approach to fraud and misconduct, mandated digital corporate reporting and stricter rules governing auditor independence and tenure.

These recommendations would reduce perceived conflicts of interest and ensure a high quality of auditing in the future. Given the importance of audit quality to markets and the economy, it is important that leading accounting and auditing bodies, including CA ANZ, come together to produce a stronger framework for audit quality.

Auditors cannot perform their vital functions without strong public faith in their activities. A calm and informed debate is needed to restore trust in audit and future-proof the quality of the industry.

Also in the latest issue, Acuity looks at how to choose the right bills and expense management tools, what anti-money laundering rules across Australia and New Zealand could mean for chartered accountants, and the correct way to deal with bullying in the workplace.

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