19 January 2010
Professor Wim Van der Stede's (CIMA Professor of Accounting and Financial Management), recent publication, "Enterprise Governance", was chosen as the top article published in 2009 for Professional Accountants in Business (PAIB) by the member bodies of the International Federation of Accountants (IFAC). The Articles of Merit Award Program identifies and promotes outstanding articles on financial and management accounting topics that have previously appeared in the publications of IFAC's 159 member bodies and associates.
The articles were selected by IFAC's PAIB Committee and visitors to IFAC's International Center for Professional Accountants in Business.
Professor Van der Stede's winning article challenges conventional business thinking: Businesses should be more circumspect during a boom and be better prepared to take risks under harsh conditions. It was first published in Financial Management, the monthly members' magazine of the Chartered Institute of Management Accountants.
"Enterprise Governance" and the other top articles form the basis of an annual publication, also called Articles of Merit, which covers the important issues affecting the work of professional accountants worldwide.