December 6, 2021

Hopefully the IASB Gets the Point

stephen-colbert.jpgAfter learning yesterday about the Accountancy Age Awards we thought that the celebration of accounting couldn’t get any better. And by “better”, we mean incredibly lame.
Satire being a common theme here, we definitely appreciate Christian Aid‘s attempt to help accountants, most specifically the CRAPASS IASB, to reconsider their indirectly screwing of poor countries:
Continued, after the jump

The International Accounting Standards Board (IASB) has been handed a tongue-in-cheek award from Christian Aid, after winning the charity’s Greatest Potential for Tax Reform award…PriceWaterhouse Coopers (PwC), KPMG, Ernst & Young and Deloitte & Touche also collected awards…Campaigners want the Board…to instigate urgent and far-reaching reforms – including forcing companies trading internationally to report profits made and taxes paid in every country where they operate. Christian Aid estimates that countries in the developing world are deprived of $160 billion annually in lost revenues by companies disguising their tax liabilities.

This is probably the closet thing to a Razzie that exists for the accounting industry so we’re happy to support them for the sake of argument.
If you’ve got other ideas about other awards that accountants deserve and who the recipients are, submit them in the comments.
Accounting Standards given tongue-in-cheek reform award [politics.co.uk]

stephen-colbert.jpgAfter learning yesterday about the Accountancy Age Awards we thought that the celebration of accounting couldn’t get any better. And by “better”, we mean incredibly lame.
Satire being a common theme here, we definitely appreciate Christian Aid‘s attempt to help accountants, most specifically the CRAPASS IASB, to reconsider their indirectly screwing of poor countries:
Continued, after the jump

The International Accounting Standards Board (IASB) has been handed a tongue-in-cheek award from Christian Aid, after winning the charity’s Greatest Potential for Tax Reform award…PriceWaterhouse Coopers (PwC), KPMG, Ernst & Young and Deloitte & Touche also collected awards…Campaigners want the Board…to instigate urgent and far-reaching reforms – including forcing companies trading internationally to report profits made and taxes paid in every country where they operate. Christian Aid estimates that countries in the developing world are deprived of $160 billion annually in lost revenues by companies disguising their tax liabilities.

This is probably the closet thing to a Razzie that exists for the accounting industry so we’re happy to support them for the sake of argument.
If you’ve got other ideas about other awards that accountants deserve and who the recipients are, submit them in the comments.
Accounting Standards given tongue-in-cheek reform award [politics.co.uk]

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

IASB Chairman Not Giving EBITDA the Time of Day

The International Accounting Standards Board thinks it's high time that we all got back to basics. Too much of this non-GAAP nonsense has people thinking they can just throw some numbers around and put labels on 'em. Well, IASB chairman Hans Hoogersvorst, for one, is ready to tighten things up a bit: The IASB, which […]