 International Accounting Bulletin logo | |
| Editor | Zoya Malik |
|---|---|
| Former editors | Vincent Huck, Jonathan Minter |
| Staff writers | Joe Pickard, Sarajuddin Isar |
| Categories | Accounting Magazine |
| Frequency | Monthly |
| First issue | 1983 |
| Company | Progressive Digital Media |
| Country | United Kingdom |
| Based in | London |
| Language | English |
| Website | www.internationalaccountingbulletin.com |
International Accounting Bulletin (IAB) is a monthly accountancy trade magazine that covers the global accounting business. [1]
International Accounting Bulletin was first launched in 1983 as a newsletter by Michael Lafferty of the UK publisher Lafferty Group. [2]
In 2004 the newsletter was sold to UK media company VRL Knowledgebank in a deal that also included sister publication The Accountant. [2]
In 2012 VRL Financial News was bought by Progressive Digital Media.
Today, the magazine is produced by an editorial team of four people in London, with correspondents in Singapore, India, Canada, Mexico and Brussels.
Targeted at accounting firms, networks and associations, IAB provides data, news and analysis on mergers and acquisitions, leadership changes, network additions, strategy, financial results, lawsuits, regulation and compliance issues. [3] International Accounting Bulletin is read by C-Level executives, in particular accounting firm leaders and strategists.
Each month the International Accounting Bulletin publishes Country Surveys on accounting firms. These surveys feature in-depth analysis of the leading firms, networks and associations with data on fee income, business line fee split, staff data and contact information. [4] At the beginning of each year, the International Accounting Bulletin launches a World Survey that ranks the leading 40 accounting networks and associations. [5] [6]
Country: United States, Canada, China, Spain, Poland, Italy, Turkey, Netherlands, Germany, France, South Korea, Mexico, India, Australia, Russia, South Africa, Brazil, Japan, United Kingdom, Africa, Latin America, World
Each year the International Accounting Bulletin hosts an event to launch its annual World Survey, which was attended by industry leaders from various accounting firms, including Grant Thornton, INPACT, Morison International, RSM International, [7] PwC, KPMG, EY, HLB International, BKR International, Deloitte and BDO.
Accounting, also known as accountancy, is the processing of information about economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.
The Big Four are the four largest professional services networks in the world: Deloitte, Ernst & Young (EY), KPMG, and PwC. They are the four largest global accounting networks as measured by revenue. The four are often grouped because they are comparable in size relative to the rest of the market, both in terms of revenue and workforce; they are considered equal in their ability to provide a wide scope of professional services to their clients; and, among those looking to start a career in professional services, particularly accounting, they are considered equally attractive networks to work in, because of the frequency with which these firms engage with Fortune 500 companies.
In management accounting or managerial accounting, managers use accounting information in decision-making and to assist in the management and performance of their control functions.
The International Accounting Standards Committee (IASC) was founded in June 1973 in London at the initiative of Sir Henry Benson, former president of the Institute of Chartered Accountants in England and Wales. The IASC was created by national accountancy bodies from a number of countries with a view to harmonizing the international diversity of company reporting practices. Between its founding in 1973 and its dissolution in 2001, it developed a set of International Accounting Standards (IAS) that gradually acquired a degree of acceptance in countries around the world. Although the IASC came to include some organizations representing preparers and users of financial statements, it largely remained an initiative of the accountancy profession. On 1 April 2001, it was replaced by the International Accounting Standards Board (IASB), an independent standard-setting body. The IASB adopted the extant corpus of IAS which it continued to develop as International Financial Reporting Standards.
Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world. It is generally equivalent to the title of chartered accountant in other English-speaking countries. In the United States, the CPA is a license to provide accounting services to the public. It is awarded by each of the 50 states for practice in that state. Additionally, all states except Hawaii have passed mobility laws to allow CPAs from other states to practice in their state. State licensing requirements vary, but the minimum standard requirements include passing the Uniform Certified Public Accountant Examination, 150 semester units of college education, and one year of accounting-related experience.
A financial audit is conducted to provide an opinion whether "financial statements" are stated in accordance with specified criteria. Normally, the criteria are international accounting standards, although auditors may conduct audits of financial statements prepared using the cash basis or some other basis of accounting appropriate for the organization. In providing an opinion whether financial statements are fairly stated in accordance with accounting standards, the auditor gathers evidence to determine whether the statements contain material errors or other misstatements.
The Chartered Institute of Management Accountants (CIMA) is the global professional management accounting body based in the UK. CIMA offers training and qualification in management accountancy and related subjects. It is focused on accountants working in industry and provides ongoing support and training for members.
Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA). It has 240,952 members and 541,930 future members worldwide. ACCA's headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of over 110 offices and centres in 51 countries - with 346 Approved Learning Partners (ALP) and more than 7,600 Approved Employers worldwide, who provide employee development.
RSM US LLP is an audit, tax, and consulting firm focused on the middle market in the United States and Canada and is a member of the global accounting network RSM International. It is the fifth largest accounting firm in the United States and employs more than 17,000 professionals across 93 cities nationwide and in Canada. RSM US also maintains offices in India and El Salvador. Since 2012, RSM US has been headquartered in downtown Chicago.
RSM International, branded RSM since 2015, is a multinational network of accounting firms forming the sixth-largest accountancy professional services network in the world by revenue. RSM's member firms are independent accounting and advisory businesses, each of which practices in its own right and is unified as part of the network.
British qualified accountants are full voting members of United Kingdom professional bodies that evaluate individual experience and test competencies for accountants.
RSM Tenon was a professional services firm based in the United Kingdom, which was listed on the FTSE SmallCap Index and part of RSM Global. The company was formed from the merger of the Tenon Group with RSM Bentley Jennison in December 2009.
PKF International is a global network of firms. The network's 224 independent member firms operate under the PKF brand in 150 countries across 5 regions. PKF International has 20,000 professionals and is currently ranked 14th international accountancy network by International Accounting Bulletin.
Grant Thornton is the world's seventh-largest by revenue and sixth-largest by number of employees professional services network of independent accounting and consulting member firms which provide assurance, tax and advisory services to privately held businesses, public interest entities, and public sector entities. Grant Thornton International Ltd. is a not-for-profit, non-practising, international umbrella membership entity organised as a private company limited by guarantee. Grant Thornton International Ltd. is incorporated in London, England, and has no share capital.
The Institute of Certified Management Accountants (ICMA) is an Australian organisation operating globally, focused on management accounting. It differs from other Australian Accounting societies: CPA Australia, Institute of Chartered Accountants of Australia, Institute of Public Accountants due to this focus.
Moore Kingston Smith founded in 1923 is an accountancy firm located in the United Kingdom. The firm has six offices in London and the south-east and is the London member of the Moore Global Network. In 2022, the Moore UK network ranked 10th on Accountancy Age magazine's "UK Top 50 Accountancy Firms" list.
An accounting network or accounting association is a professional services network whose principal purpose is to provide members resources to assist the clients around the world and hence reduce the uncertainty by bringing together a greater number of resources to work on a problem. The networks and associations operate independently of the independent members. The largest accounting networks are known as the Big Four.
Moore Global is a global accountancy, advisory and consulting network of independent firms with its headquarters in London. Moore Global is ranked by the International Accounting Bulletin (IAB) as the 11th largest accountancy network in the world. The Moore Global Network consists of over 34,413 people across 112 countries.
INPACT Global is an international group of accounting firms that provide audit, accountancy, tax, business restructuring and insolvency, corporate finance and consulting services. The alliance was established in 1989 and INPACT International together with sister alliances INPACT Americas and INPACT Asia Pacific, forms INPACT Global. Together the alliances comprise over 140 member firms in some 250 locations in more than 70 countries.
BDO is an international network of public accounting, tax, consulting and business advisory firms that provide professional services under the name BDO. It is the fifth-largest accounting network in the world. Global fee income of the member firms in the network for the year ended 30 September 2021, including the members of their exclusive alliances, totaled US$12.8 billion. Each BDO member firm is an independent legal entity in its own country. The network, founded in 1963 as Binder Seidman International Group by firms from Canada, Germany, the Netherlands, the UK and the US, is coordinated by BDO Global Coordination B.V., with an office in Zaventem, Belgium. In 1973, the organisation adopted the name BDO, made up from the initials of the three founding firms: Binder (UK), Dijker (Netherlands) and Otte (Germany).