How has the accounting profession changed over the past 25 years, and has practice kept pace?

In this opening episode of Inside the Accounting Profession series, Wayne Basford and Bruce Andrews discuss the forces reshaping the accounting profession, from technology and professional-firm bureaucracy to corporate governance and IFRS application.

🎧 In this episode, you’ll learn:

• Why large professional firms can struggle to adapt quickly
• How technology gives smaller firms greater agility
• What Australia’s adoption of IFRS achieved
• Why IFRS application can still differ across jurisdictions
• How revenue timing affects comparability and accountability

Financial Reporting Conversations is brought to you by Basford Consulting helping professionals go beyond compliance and get financial reporting right.

For technical insights, training, and resources that make the unknowns in financial reporting known, visit basfordconsulting.com

🔗 Connect with us:
LinkedIn: Wayne Basford & Judith Leung
YouTube: @BasfordConsulting
Website: basfordconsulting.com