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#WhatsNext: Accounting Firms and Dress Codes

Posted on by Caleb Newquist

Last month, we debuted #WhatsNext, a co-production of Thriveal and Going Concern. These are live discussions about the future of the accounting profession featuring Jason Blumer, Greg Kyte and myself.

Today we're discussing dress codes — are they important? Are they not? What's the deal? It's been a bit of contentious topic early in 2016, so we figured it's best to bring it up while everyone's still griping about it.

You can the watch the whole thing live below or jump on Blab to comment, ask questions, etc. during the show. A playback will be available after the broadcast. As always, drop us a line if there's a topic you want us to cover in the future.

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CFOs: We’ll Adopt IFRS Just as Soon as You Finish Your Little Convergence Exercise

Actually it’s about half of CFOs with that attitude, according to Grant Thornton’s latest survey. They’re ballparking it around 5-7 years while nearly a quarter of the responders think we need to get on this ASAP.

Stephen Chipman, is keeping the faith even though, people aren’t as enthusiastic as he:

“While there is movement toward greater acceptance of International Financial Reporting Standards based on our previous surveys, it is clear that there is still much work to be done in educating the U.S. financial community on the benefits of IFRS,” said Grant Thornton LLP CEO Stephen Chipman.

“We have been, and continue to be, staunch supporters of the ongoing movement toward one set of high-quality, globally accepted accounting standards. As dynamic businesses continue to expand their international footprint, it is increasingly sub-optimal to be using different reporting standards, which sometimes increase costs while decreasing comparability. Just as international business has benefited over the last 30-odd years from the increased shared use of English, so too will global companies reap the benefits of one financial reporting language.”