ACCA has launched the Accountancy Futures Academy. The Academy, one of 10 new forums, brings together experts from the public and private sectors, public practice and academia from around the world to identify and explore issues of major significance for the global accountancy profession and to inform ACCA’s research and insights. Ng Boon Yew, executive chairman of Raffles Campus chairs the Academy.

While debate continues on the outlook for global capitalism, ACCA explores the implications of our changing world with a panel of experts - business leaders, economists, academics and commentators - and offers a view of the global economy in 2030.

With the world changing ever more rapidly, and often dramatically, building a credible picture of the likely long-term future is essential for business planning. As the global body for professional accountants, ACCA engages in its own strategic planning, specifically related to the future of the international profession. But we also wanted to share a credible, independent view of the future global economy as a means of stimulating thinking about what the long-term future of business might be.

Includes microfinance, credit unions, Islamic finance, sovereign wealth funds, mutual funds, project finance and investment appraisal in practice.

To include the decline in licence to operate, the rise of non-statutory audit and assurance activities, audit in developing economies, audit for the accountant in business, and wider debates on the value of audit and assurance in society, either as a whole or as part of the checks and balances of stable, sustainable social and economic conditions.

Includes simplification of reporting, usefulness of narrative reporting, new developments in business forecasting, narrative reporting and risk, better disclosure, aspects of societal accounting, accounting for diversity, accounting for post-retirement benefits and the use of new reporting technologies such as eXtensible Business Reporting Language (XBRL).

Includes the development of a greenhouse gas emissions standard, emissions trading, accounting for the green collar economy and business models beyond carbon.