Employment Based Networks
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Time: 16:00 – 18:00
Subject: Confidence Accounting
Venue: London, ACCA Headquarters
Confidence Accounting is a proposal to use distributions, rather than discrete values, where appropriate in auditing and accounting. In a world of Confidence Accounting, the end results of audits would be presentations of distributions for major entries in the profit & loss, balance sheet and cash flow statements. The proposed benefits of Confidence Accounting include a fairer representation of financial results, reduced footnotes, more measurable audit quality and a mitigation of mark-to-market perturbations.
The event will aim to look into the applications for confidence accounting in financial services and beyond as well as discuss its costs and benefits.
CPD Units: 2
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