With the business environment transforming before our very eyes and new challenges emerging, such as sustainability, inflation, recession and a tight labour market, professional accountants are finding that new skills are needed in order to cope. This month we have published a special edition of AB looking at skills in green finance, fintech, communication and ethics, among other topics.
Professional accountants in Somalia hope to gain recognition and the right to practise in their own country if, as expected, a draft Accountants Act becomes law later this year. In our interview, Abdirahman Daud FCCA, the inspiration behind the foundation of the Somali Institute of Certified Public Accountants and a driving force in the development of the profession, describes the journey so far in a country recovering from years of conflict.
Elsewhere, we look at how tax administrations globally have performed over the past year, and how digital transformation has been a major enabler in the advances made, catalysed by measures taken during the pandemic.
In Africa, where governments often struggle to mobilise resources to fund key infrastructure and public services, an article by Alfred Akibo-Betts FCCA, former deputy commissioner at Sierra Leone’s tax authority, looks at how a tax assessment tool devised by the International Monetary Fund can help them improve their tax systems.
There’s also an article on why small to medium sized enterprises (SMEs) – the engines of African economies – should apply the IFRS for SMEs standard.
Finally, if you’re looking to get on top of your CPD over the summer break, we have plenty of articles that will earn you CPD units, such as this month’s feature about how accountancy practices are taking a zero-trust approach to cybersecurity, and the skills required to do this.
Further information
See the other regional editions of AB:
