The collapse of ABC Learning (ABC) is replete with lessons for accountants, auditors, executives and regulators. From its early beginnings, ABC's intervention into child care provision, gave plenty of red flags for anyone paying attention. Unfortunately, the euphoria, championed by Australian's...

The state of the world economy is something of a moving feast. Each week, news from the USA, Europe and now China registers a new development, with a growing appreciation of the interconnectedness of the world economy. 'Understandings' are often confounded with 'happy talk' (what used to be...

A great deal of disinformation has been proffered concerning the prospects for the adoption of International Financial Reporting Standards (IFRS). The elephant in the room is the USA. The USA is the last but most important hold-out. Without a US adoption of IFRS, IFRS will be relegated to a...

Notwithstanding, definitive evidence from archaeology and anthropology (that has also found a modest foothold in the accounting history literature) that accounting and accountants in Africa, were at the beginning of human (Western) civilisation as we know it, there remains strong Eurocentric and...