Thursday, December 05, 2019
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The Institute of Chartered Accountants in Australia: influencing Australian business

Influencing Australian business

This Case Study looks at the ways in which Chartered Accountants, supported by the Institute of Chartered Accountants in Australia, support business and the Australian economy as well as global business. It also looks at the role of leadership and quality maintenance within the profession.

As a result of reading this Case Study, students should be able to:

  • Explain the role Chartered Accountants play in supporting business and the economy 
  • Discuss how the Institute and Chartered Accountants act as leaders and maintain business quality
  • Outline how Chartered Accountants are supporting global business

Introduction

The role of a Chartered Accountant is to bring a rigorous understanding of what lies at the core of any business. The numbers.

Leadership within the profession

The role of leadership within business is indisputable.

Setting professional standards for the industry

When we look at the global financial downturn we can see that the role of regulation is essential.

Corporate Social Responsibility

The Institute encourages its member organisations to engage in corporate social responsibility, and leads by example.

Maintaining rigorous quality

Chartered Accountants have a great responsibility in setting high standards in business.

Developing effective communication

Targeted, ongoing and timely communication to stakeholders is key to any business.

Supporting global business

Industrialisation, globalisation and outsourcing have all impacted the way the world does business.

Conclusion

Chartered Accountants are able to effectively influence government regulation while keeping the industry performing at its peak.

 

(Page 1 of 9)
Learning Area(s):
  • Business Law | Business obligations under selected legislation
  • Business Law | Impact on business
  • Business Law | Proactive business and the law
  • Careers | Career training and development
  • Careers | Choosing a career
  • Careers | Graduate programs
  • Change Management | Leadership and change
  • Communication | Effective communication models
  • Ethics and Social Responsibility | Socially responsible programs and approaches
  • Financial Reports and Analysis | Ethical/legal accounting
  • Global Business | Drivers of globalisation
  • Global Business | Ethical global management
  • Global Business | Types of global business/expansion
  • Management Accounting | Accounting systems in practice
  • Management Skills | Communication
  • Management Skills | Role of organisation
  • Marketing | Promotion strategies and their application
From: Edition 5

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