The Institute's future strategy

Article Abstract:

Institute of Chartered Accountants of Scotland (ICAS) Senior VP Ian Percy states that the final draft of the ICAS strategy document, A Strategy for the Future, will not differ substantially from the draft sent to ICAS members to elicit member feedback. Percy states that the ICAS will encourage the establishment of Local Areas to serve the needs of ICAS members in public practice and is considering a Business Executive Board to guarantee that the ICAS board is getting feedback from the membership. The consultations and discussions the ICAS has held with members has shown that the UK government values the views of the ICAS. The discussions have also indicated that members are supportive of the ICAS' strategy and like the fact that the three Chartered Accountants bodies in the UK and Ireland are cooperating to influence the government regulatory bodies and the international regulatory environment.

Standards, Accounting, Scotland, interview, Institute of Chartered Accountants of Scotland, Percy, Ian

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Timely reporting - Noble Grossart

Article Abstract:

Timely financial reporting has been found to be important. Noble Grossart, an Edinburgh based merchant bankers, had their report to shareholders one week after the year's end. The company's management streamline its operations and put in extra work on the weekend before the end of the year following a strict timetable. The auditors, lead by Jack Shaw, keep track of operations all year, and come in a week before the year's end to test final balance sheet figures. The printers, Blackwood Pillans & Wilson, prints the report promptly. This is the essence of good reporting with stockholders getting up-to-date information.

DEPOSITORY INSTITUTIONS, Banking industry, Reports, Financial statements, Corporation reports, Company reports, Noble Grossart Ltd.

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Electronic data interchange - can we live without it?

Article Abstract:

The use of electronic data interchange (EDI) will become more important in the future. The benefits of EDI include lower administrative costs, greater speed, and improved accuracy of documents. Some small companies feel that the time and expense of implementing EDI outweigh the benefits, but EDI can increase cost-effectiveness as well as efficiency. Running an EDI system is inexpensive after the initial investment is made.

Analysis, Telecommunications systems, Telecommunication systems, Electronic data interchange, EDI (Electronic data interchange), Value-added networks (Telecommunication), Value added networks (Telecommunications)

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