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Staying on top of new standards

A key challenge facing accounting professionals is the need to continually train and upgrade their skills, reports MICHELLE QUAH

'Integrated Reporting is the new buzzword in financial reporting circles. CPA Australia believes that promoting a sound financial reporting framework will ensure stability in financial and capital markets.' - Mr Yong

THE growing complexity of financial reporting and the need for accounting personnel to ensure that their skills are continually upgraded to handle that growing complexity can be said to be among the most acute challenges facing the profession today. Not only do accountants have to stay on top of