Predictive Accounting
Predictive Accounting explores how accountants can use financial data, statistical modeling, and artificial intelligence to forecast future outcomes and guide strategic decision-making. It contrasts historical accounting with predictive methods, emphasizing tools like time series forecasting, machine learning, and scenario analysis. It also covers practical applications such as predicting bad debts, detecting fraud, and improving budgeting through rolling forecasts and ERP integration. Additionally, it addresses the importance of data quality, ethical considerations, and effective communication of predictive insights to stakeholders.
The Universal Accountant and Complete Merchant
Sustainability Accounting and Accountability
Highlighting that accounting, organisations and economic systems are intertwined with sustainability, this leading text discusses how sustainability accounting and accountability broaden the spectrum of information used in organisational decision-making and in evaluating organisational success.
Auditing Reimagined
The auditing profession stands at a crossroads. The gap between auditors' responsibilities as defined by professional standards and stakeholder expectations has never been wider. This disconnect has fuelled scepticism, eroded public trust, and intensified debates over the role of auditors in detecting fraud, preventing corporate failures, and providing assurance on non-financial disclosures. Auditing Reimagined: Navigating Stakeholder Expectations critically examines the root causes of this growing divide. From the perception of auditors as a self-interested profession, to the expansion of non-audit consultancy services and failures in communication, the authors explore the structural and systemic factors contributing to stakeholder dissatisfaction. It also considers how technological advancements, evolving regulatory landscapes, and increasing demands for environmental, social, and governance (ESG) assurance are reshaping the profession. Through a rigorous analysis of these challenges and opportunities, Auditing Reimagined offers a compelling vision for the future of auditing--one that is more responsive, transparent, and aligned with the expectations of an evolving business environment. Educational institutions and professional bodies will find this work most useful as they reimagine audit training, equipping future auditors not only with technical expertise but also with the critical thinking skills necessary to navigate complex stakeholder demands.