Global Leadership During Covid-19 with Integra Chair Brian Hunter

As the world continues to adjust to the impact of COVID-19, there is a lot to consider. The Business Development Academy recently interviewed FMD Managing Partner Brian Hunter on a global panel. Brian also serves as the global chair of Integra International, a worldwide association of 130 independent accounting and consulting firms.  You can find the full video below, as well as a timeline of when Brian speaks.

Brian’s three biggest takeaways are as follows:

1.     The importance of pivoting

These are unprecedented times, requiring businesses of all shapes and sizes to adapt in ways they likely wouldn’t have predicted. Whenever possible, look at this time as an opportunity to get creative and evolve as a business. It can feel frustrating to abandon or rewrite your business plan but approaching it from a creative perspective may provide the boost your business has been looking for.… Read More

Integra Announces New Member in Ho Chi Minh City

Integra International is very pleased to announce that a new member in Ho Chi Minh City, Vietnam has been admitted.

KMF Auditing Company Ltd. is a professional organization specializing in auditing, accounting, tax and consulting services for foreign and domestic organizations. They have an independent collaboration model, with more than 20 experienced professionals in this field. This unique model allows them to provide flexible and tailored solutions to customers from multinational customer groups, to small and medium-sized companies, non-profit organizations, as well as individuals.

Tran Minh Chanh
Mr. Chanh Tran chanh.tm@kmf-audit.com has more than 10 years of field experience with EY Vietnam and RSM Vietnam Auditing & Consulting Limited. As an Audit Manager, he is responsible for managing large audit contracts for domestic and multinational companies in manufacturing, services, hospital, construction and real estate.
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Integra Announces New Member in Dubai

Integra International is very pleased to announce that a new member in Dubai, United Arab Emirates has been admitted.

KGRN Accounting Associates was founded in September 2007; provides services of audit and assurance, tax compliance services, accounting services, business consulting. With a presence in more than 60 countries, KGRN Accounting Associates is one of the leading independent network of tax partner firms. Their client base varies from large multinational groups to private sector clients. With a proactive approach they offer valued services to customers providing more efficient management of finance in term of tax advices, reducing costs, increasing cash flow and control of the entire business. There are two partners and 23 staff.

Mr. Gopu Rama Naidu, FCA, CPA, ACCA
Mr. Gopu Rama Naidu, FCA, CPA, ACCA is the founder with over 20 years of experience as a trusted adviser assisting companies on financial analysis, financial reporting, auditing, internal control policies and procedures and strategic and provides strategic leadership and direction for new and growing entities.
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Integra Announces New Member in Abu Dhabi

Integra International is very pleased to announce that a new member in AbuDhabi, United Arab Emirates has been admitted.

NAS Chartered Accountants understands the regional business community and offers the choice of services in accounting, audit & assurance, tax and business advisory and consulting.  There is one partner and 12 staff.

Mr. Shefeek Salim, CMA, CPA
Mr. Shefeek Salim, CMA, CPA is Director (Tax and Audit), serving the industries with results oriented consultation and training on Tax and Audit, covering the biggest public sector companies in India and Major Private Sector companies and SMEs in the  United Arab Emirates.

He is the main firm contact and can be reached at info@nasuae.com

NAS Chartered Accountants
The NAS team is a multinational group of very well-prepared specialists and professionals, carefully selected and hired by the firm’s owner and managing partner. 
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Pandemic Alters Lease Accounting Landscape

Published today in the Journal of Accountancy by

By Stephen G. Austin, CPA; Joel Colbourn, CPA; Ane Ohm, CPA; and Don Mitchell

 

In addition to causing enormous disruption to health, safety, and the economy across the globe, the coronavirus pandemic has significantly altered the landscape for CPAs related to the lease accounting standard.

The changes include a potential effective date delay of FASB’s new lease accounting standard for certain entities, including private companies; a monumental increase in the number of lease modifications requested by lessees and granted by lessors; and the need for disclosures related to a company’s lease accounting decisions in the new environment.

Here’s a closer look at lease accounting amid the coronavirus pandemic.

FASB’s delay proposal

In recognition of the business disruptions caused by the new standard, FASB has voted to issue a proposal that would delay by one year the effective dates of its lease accounting standard for certain entities.… Read More

Integra International Is Here For You

As the COVID-19 pandemic scenario unfolds, the level of economic uncertainty increases. 

Now is the time for us to work together to weather the storm ahead. 

Integra-International is here for you. 

As members we need to stick together to 

  • Help navigate through the disruption
  • Respond to the changing dynamics and 
  • Be ready to emerge from the crisis ready to seize opportunity.

Primarily we urge you to take precautions to protect the health and welfare of your employees, and your families. 

Secondly, we remind you that our collective success depends on the survival of our own clients. Our clients need us now more than ever. 

As firms we need to consider developing alternative procedures to manage current work-loads and retain quality service delivery.Read More

Integra International Welcomes New Alliance Member

Integra International is very pleased to announce that a new Alliance Member has been admitted.

Frontline Philippines Pty Ltd provides premium offshore services to solve capacity issues for Accounting Firms. They’ve built an offshore model for their own Australian CA firm that is being successfully duplicated in dozens of other firms around the world.

Several Integra firms are currently working with Frontline and they have sponsored our Conferences for the last two years.  You may have seen their book – Offshore or Die!

Mark Cottle, CEO – is a Chartered Accountant in Australia and the UK and one of the co-founders of Frontline Accounting. He worked in public practice as an auditor, and as the Financial Controller of a NASDAQ listed subsidiary in Australia before launching an accounting firm in 2011 using a unique offshore model.  

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Integra International Announces New Member in St. Petersburg

Integra International is very pleased to announce that a new member in St. Petersburg, Russia has been admitted.

Quality Partners is a young and highly motivated firm with 1 partner and 24 staff in 2 offices.

 

The Firm’s team has many years of experience in consulting international companies on doing business in Russia.

Main contact for Integra is Mr. Andreas Bitzi, owner and CEO of the firm. 

Andreas is a  Swiss citizen who has many years of experience in assisting foreign companies entering and expanding in the Russian market.

Andreas Bitzi can be reached at ab@q.partners

For more information about the firm please check out their website https://q.partners/ or the

Integra website https://www.integra-international.net/find-a-firm/find-firm-location/?cn-country=Russian%2BFederation%2B&cn-s=

We welcome Mr. Andreas Bitzi and his staff to Integra International.

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Integra Members Publish Article in the Journal of Accountancy

By Stephen G. Austin, CPA; Joel Colbourn; Phillip Doolittle; and Doug Renner | Originally posted on: www.journalofaccountancy.com

Public companies’ required implementation of FASB’s new lease accounting standard in 2019 means that financial statement auditors need to be prepared to make new judgments.

Although the private company implementation date for the standard hasn’t yet arrived, auditors of both public companies and private companies that prepare financial statements in accordance with GAAP will eventually need to determine whether adequate work has been performed to ensure a reasonable opening entry upon implementation. As part of understanding the entity’s processes and controls, auditors also will have to assess whether their clients or companies (in the case of internal auditors) have adequate go-forward processes in place to ensure that upon execution of a contract, a determination is made as to whether that contract is, or contains, a lease.… Read More