This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

2019

Hiring for culture fit doesn’t have to undermine diversity

Sep 18, 2019

On September 18, 2019, the Harvard Business Review (HBR) published an article by Mr. Hofmans and Mr. Judge on how although most managers would agree that it is important to hire people who fit in, the idea of hiring for culture fit has become controversial. Their work suggests it need not be.

Most of the controversy boils down to a single key issue: the wrong definition of culture fit. The confusion over what culture fit is has given rise to a number of common misconceptions. Clearing these up can help managers improve their talent strategies.

The misconceptions include:

  1. Culture fit is a “nice to have” but not a necessity
  2. Hiring for culture fit hurts diversity
  3. Hiring for culture fit hurts innovation
  4. Hiring for culture fit is an art, not science

Review the full article on the HBR's website.

How and why human capital disclosures are evolving?

Nov 15, 2019

On November 15, 2019, the Harvard Law School Forum on Corporate Governance and Financial Regulation released an article on how the talent paradigm is shifting.

A company’s intangible assets, which include human capital and culture, are now estimated to comprise on average 52% of a company’s market value. At the same time, the nature of work is rapidly evolving, new generations are reshaping the workforce and businesses are redefining long-term value and corporate purpose through a stakeholder lens. In this era of disruption, talent and culture have leapt to the forefront of thinking around enabling strategy and innovation and creating long-term value. Accordingly, human capital has rapidly emerged as a critical focus area for stakeholders.

Review the full article on the Harvard Law School Forum's website.

How engaged is your team, really?

Oct 09, 2019

On October 9, 2019, the Harvard Business Review published an article on how a recent global study of engagement from the ADP Research Institute found that if employees consider themselves part of a team (or even better, part of more than one team), they are twice as likely to feel engaged in their work.

Knowing that engagement is tied to teams is critical for leaders looking to increase their output, since engagement is a known driver of productivity.

Leaders should look for these three signs:

  • Lack of teamwork
  • Playing the system
  • Only managing up

Review the full article on the Harvard Business Review's website.

How to demonstrate your strategic thinking skills

Sep 23, 2019

On September 23, 2019, the Harvard Business Review published an article on how showing strategic thinking skills tells your bosses that you’re able to think for yourself and make decisions that position the organization for the future.

It assures them that you aren’t making decisions in a vacuum but are considering how other departments might be affected or how the outside world will respond.

Review the full article on the Harvard Business Review's website.

How to get first-time audit committee members up to speed

Apr 16, 2019

On April 16, 2019, the National Association of Corporate Directors (NACD) released a blog for first-time directors appointed to boards and how realizing the full extent of what the audit committee is responsible for can be an eye opener.

Which of the following areas does the audit committee typically oversee? 

  • Fraud
  • Financial statements
  • Data privacy
  • Whistleblower policies
  • Third-party risk
  • All of the above
  • None of the above

The correct answer, all of the above, won’t surprise anyone who’s served on an audit committee. They know they meet more often than other committees (an average of nine times a year) and their meetings are typically longer than those of other committees.

In the past 10 years, the number of first-time directors appointed to S&P 500 boards has risen from 24 percent of the incoming class to 33 percent, according to Spencer Stuart. Fewer of today’s newly appointed directors are current or former CEOs, and more are women and minorities with other executive experience, such as line or functional leadership.

Along with this shift to selecting directors with more varied backgrounds, we’ve noticed another growing trend: More companies are putting new board members without financial expertise on their audit committees.

Review the full blog on the NACD's website.

IAASB seeks public comment on exposure draft of conforming amendments to the international standards as a result of the revised IESBA Code

Nov 15, 2019

On November 15, 2019, the International Auditing and Assurance Standards Board (IAASB) released an Exposure Draft focused on conforming amendments to the International Standards as a result of the revised International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code). Comments are requested by January 10, 2020.

The project aims to align the IAASB’s International Standards with the revisions to the IESBA Code by way of conforming amendments, thus ensuring that the IAASB's International Standards can continue to be applied together with the IESBA Code.

This project falls under the umbrella of IAASB-IESBA coordination, a strategic commitment of the two Boards, and builds on their overarching commitment for enhanced connectivity and coordination to better serve the public interest.

Review the press release and Exposure Draft on the IESBA's website.

IESBA Alert re the June 2019 Launch of its eCode

May 31, 2019

On May 31, 2019, the In­ter­na­tional Ethics Stan­dards Board for Ac­coun­tants (IESBA) re­leased an alert regarding the proposed launch on June 26, 2019 of its eCode—an innovative digital product that offers professional accountants a new way to engage with the International Code of Ethics for Professional Accountants (including International Independence Standards).

The alert also advises that the IESBA will hold a 30-minute webinar on Wednesday, June 12, 2019 at which IESBA Member Brian Friedrich will explain IESBA’s vision for the eCode and provide a quick walkthrough to demonstrate the eCode’s structure, key features and functionalities.

Re­view the press re­lease on the IESBA's web­site.

IESBA Meeting Highlights June 17-19, 2019

Jun 24, 2019

On June 24, 2019, the In­ter­na­tional Ethics Stan­dards Board for Ac­coun­tants (IESBA) re­leased the high­lights of its June 17-19, 2019 meet­ing.

The Agenda was as follows:

  • Introduction
  • Highlights & Key Developments
  • Role & Mindset
  • Non-Assurance Services
  • Fees
  • eCode
  • Chairman’s Final Thoughts
  • Closing Remarks

Re­view the high­lights and the pod­cast on the IESBA's web­site.

IESBA Meeting Highlights March 11-13, 2019

Mar 27, 2019

On March 27, 2019, the International Ethics Standards Board for Accountants (IESBA) released the highlights of its March 11-13, 2019 meeting.

Discussion points included:

  • Rollout of the Revised Restructured Code
  • Alignment of Part 4B with ISAE 3000
  • Technology
  • Role and Mindset
  • Fees
  • Non-assurance Services (NAS)
  • IESBA Working Processes Report-Back
  • e-Code
  • Long Association

Review the highlights and the podcast on the IESBA's website.

IESBA Meeting Highlights September 16-19, 2019

Oct 08, 2019

On October 8, 2019, the International Ethics Standards Board for Accountants (IESBA) released the highlights of its September 16-19, 2019 meeting.

Discussion points included:

  • Highlights & Key Developments
  • Alignment of Part 4B with ISAE 3000
  • Non-Assurance Services
  • Fees
  • Technology

Review the highlights and the podcast on the IESBA's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.