Richard Hill presented ‘Business Advisory Emerging Issues’ at the recent DFKANZ Annual Conference in Adelaide.  Click here for a full copy of the presentation.

One of the fundamental issues highlighted for Accountants is the absence of regulation or guidance from Australian Regulators and the need for appropriate standards to provide for cost recognition in balance sheets and earning statements of major companies.  ‘If you can’t measure it, you can’t manage it’, in such a case Accountants have a limited role, if there are tools for measurement, Accountants and Auditors have a major role.

These sentiments have essentially been confirmed in the June 7 AFR article.  Group of seven Finance Ministers back calls for mandatory climate related financial disclosures.

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