KSA’s new stakeholders will need an integrated approach | Arab News:
"The subject of accounting practices bores some people, but not me. I find it absolutely fascinating.
I recently spent a very enjoyable lunchtime with Richard Howitt, chief executive of the International Integrated Reporting Council (IIRC). While the world is getting excited about the Fourth Industrial Revolution and the looming automation of virtually all business systems, including accounting and auditing procedures, Howitt is focusing instead on the actual content of the corporate annual report to make it more relevant to the modern world and the needs of business people around the globe.
He was in Dubai meeting accounting firms, regulators and other market people, and on his way to Riyadh, to explain to them that the Middle East has lots of advantages and opportunities to exploit the new accounting revolution, but is — mostly — failing to fully exploit them."
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