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NOPA
The forum for non profit accounting and audit issues
The forum for non profit accounting and audit issues
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Are you in control? This is the question here. www.empacta.org invites to the international accounting event in Lebanon, in November 2017.
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E15 is over. What is audit quality? A mystery - science says. Greetings from Al  Ain.
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Okay, the event "E 15: How to control funds in emergency situations?" is still more than 4 months away. But: the venue, the Ayla Bawadi, offers a discount that is open until 20 July. Thus, it might be a good idea to visit the landing side of E 15 and make the reservation now:

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Surprise, surprise: The mission statement of empacta made it somehow up to the agenda of the world bank. Ofcourse, the question will be: What is inside the formula. We could have our say in this! 

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Geolocating is an excellent tool not only for planning, but also for NPO-audits. At least, it is a chance to find out of who is doing what! I do not know whether really a seminar is needed. Probably, more important is the motivation of the particpants to post their projects (and then the information has to be updated and verified - and who will do this?)

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Swiss police arrested six FIFA officials. The US Department of Justice indicted “nine FIFA Officials and five Corporate Executives for Racketeering Conspiracy and Corruption”. The legal background of how the Foreign Corrupt Practice Act (FCPA) in the US might influence a legal proceeding in Switzerland is described in the link below. Tomorrow more about this, in this blog!

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Transnational corporate accounting is in conflict with "free market" - this is a good thought from Hoskin and Macve. And this thought is very practical: Many of our globalized SME clients admire the market so much that they are not able to introduce strict accounting rules in their transnational nano-business - they think like this: No, this is bureaucracy, no, this reduces dynamics - so, better not to introduce guidelines etc. In fact, the opposite is true: There could be high benefits from avoiding the market. Very convincing to see how cadets from West Point introduced managerial accounting 100 years ago in the US, and not the sales persons. Good example for the current stage of the globalized nano-business. 
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