Editor's note

Issue 647 • July 2023

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International Accounting Forum and Awards 2023 Winners showcase 

Our International Accounting Forum and Awards (IAFA) 2023 gala event, co-hosted by IAB and The Accountant, was held in London on 29 June, during which our 17 award winners were announced. In this July issue, see our photo gallery from the event and learn about all of our winners. IAFA Awards are judged by an independent panel of judges, all industry experts who are involved in shaping the profession. This year we would like to thank our judges Christine Nicholson, Randy Johnston, Tendai White and Kevin Arnold for volunteering their valuable time.

There is an employee wellbeing theme emerging across all sectors with incentives, training for high performance and retention top of mind for all organisations. To that end, do read our features on Engagement and a Collaborative Workplace Culture by Frank Devine and Keeping your Employees Motivated by Dominic Fitch. Also in this issue: recent investigations into Big Four audits have triggered discourse within the accounting industry around the optimum structure for delivering auditing services and there is a focus by experts at Kreston on an emerging trend for Choosing mid-size accounting firms over the Big Four; on the subject of governance and reporting Robert Willott, author of Between the Balance Sheets – Tales of Corporate Financial Behaviour, suggests it’s time for governments to take corporate financial regulation more seriously; Neil Murphy suggests business organisation needs to streamline in Top Use Cases for Intelligent Document Processing (IDP); in Navigating the Transformation of Online Payments in 2023, we hear how accountants must pay heed to disruption from changing payment preferences as consumers are impacted by the cost of living crisis globally; experts at Tradeshift remark that an Inventory glut is hitting suppliers as global trade slowdown extends; and a feature on Battery Powered tech spotlights the supply shortage in this sector.

In addition, there are ranking reports and fee and staff tables for Australia and Singapore and additional tables for New Zealand, India and Japan.

There is also the usual monthly sector news round up. We look forward to your feedback.

Zoya Malik