Search Results for: Climate change

There are fewer than 1,000 certified accountants in Afghanistan, of which less than 200 are Afghanistan in a country of 29.82 million says the American University of Afghanistan (AUAF), and there are no national accounting regulations. More than 30 years of conflict has left the country’s economy in shambles, and with foreign troops being withdrawn by 2016, developing the accountancy sector and its domestic regulations is a priority to underpin sustainable growth.…

There is nothing better for a financial professional to oversee the transformation of an innovative company from a small scrapper to a big player – and ACCA qualified Australia-based Paula Kensington knows how this feels.

She is CFO of Rubik Financial – a Sydney-based provider of banking software – whose revenue since the end of 2011 has increased by 200% and its share price multiplied, driving market capitalisation exceeding Australian dollar AUD150 million (USD140.39 million).…

CANADA’S Torstar Corp has told the Bookseller that it was not looking to sell its stake in romance novel publisher Harlequin Enterprises Limited, but the offer from Rupert Murdoch’s News Corp was too good to pass up.

Torstar spokesman Bob Hepburn said yesterday (Tuesday): “Torstar had not been looking to sell (Harlequin), it has been and remains profitable.”…

One of the main drivers of the Ukrainian revolution of February this year was the monumental levels of corruption within both the private and state sectors. Transparency International last year placed the country in 144^th place on its ‘corruption perceptions index,’ at par with Papua New Guinea and the Central African Republic.…

WHEN it comes to subsidies in the European Union (EU), the representatives of the fossil fuels industries and those of the renewable energy sources have long pointed the finger at each other about who receives more support from the public purse.…

WHISTLEBLOWING hotlines are a far more effective way of protecting a company against fraud than comprehensive external audits, an Association of Certified Fraud Examiners (ACFE) study has demonstrated. Its 2014 Report to the Nations on Occupational Fraud and Abuse examined 1,483 cases of occupational fraud in 102 countries worldwide.…

INSIDER trading –and enrichment by officials – is a key reason why the Shanghai stock exchange remains stuck in a funk, underperforming in China’s overall economy for most of the past decade. “They [bureaucrats] are promoted on political criteria, not commercial…they don’t always have shareholders’ interests at heart,” explained Michael Komesaroff, principal of Urandaline Investment, an Australia-based consultancy working on outbound investment deals involving Chinese state-owned firms.…

CHINA’S aviation authorities are increasingly seeking overseas assistance in their efforts to improve airspace management and resolve chronic congestion at the country’s busiest airports.

China’s major airports hold the unenviable record of being the world’s worst hubs for delays, largely because tight military control of up to 80% of its high altitude airspace severely limits the available take-off and landing corridors.…

BANGLADESH clothing producers who follow good labour standards and comply with good social responsibility practice have seen orders increase in recent months according to a local buying intermediary group. The Bangladesh Garment Buying House Association has estimated that orders in “compliant” factories have expanded by 15%-20% in recent months, although some face problems in handling fresh work.…

Increasing power tariffs in Indonesia could force textile and garment manufacturers to double their raw material imports, according to Ade Sudrajat Usman, chairman of the Indonesian Textiles Association (API).

The API chair told just-style that electricity consumption already constitutes 15% to 20% of production costs for textile manufacturers in the country.…