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Coping with financial reporting overload
- Article from:
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Australian Accountant
- Article date:
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April 1, 1996
- Author:
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Copyright informationCopyright Australian Society of CPAs Apr 1996. Provided by ProQuest LLC. (Hide copyright information)
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The laws and standards relating to financial reporting are changing at a breathtaking pace. But there are ways to keep up, if you know where to look, say Colin Parker and Judith Downes.
CPAs are valued for their intellectual capital, or professional skills and knowledge. Yet like most assets, on-going maintenance and enhancement of this intellectual capital is required if its value is to be maintained or increased each year.
Standards change, and the present rate of change in accounting and auditing standards results in knowledge which is out of date before the ink on a degree is dry. A quick glance at the financial reporting and auditing changes last year shows how quickly knowledge of ...