Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Competing in the Asian market

New academic leadership publication: Competing in the Asian market

Monday 7 July 2014

New Zealand and Australia’s future prosperity depends on seizing the opportunities to collaborate with Asia in business, education and cultural engagement, according to a new publication launched today.

The Accounting Profession's Engagement with Asia, published by Chartered Accountants Australia and New Zealand, explores the role of the accounting profession in Asia's emerging economies and growth with contributions from leading national and international practitioners, policy makers and academics.

Chartered Accountants Australia and New Zealand Chief Executive Officer Lee White said Asia's emerging market economies are growing exponentially.


“The publication explores the steady economic growth of Indonesia over the past couple of years and its challenges in promoting a strong accounting profession. The number of professional accountants in Indonesia is estimated to be only about 15,000.”

“This represents opportunities for New Zealand and Australia to expand into the growing markets in Indonesia and also support the education of future accountants,” he said.


Mr White said it is important for businesses in both countries to invest in developing skills to actively engage in Asian markets to build their competitive advantage.

“While many members of the business community in Asia have extensive knowledge of and education about Australia and New Zealand, the same cannot be said of Australian and New Zealand business.”


Mr White said that higher education is a cornerstone of future economic prosperity at home and in Asia.

“To remain competitive in the international student market, Australia and New Zealand need to continue engagement with Asia in a way that’s mutually beneficial.

“The publication offers fascinating insights from representatives from international regulatory and standard setting bodies on the cultural interchange between students in Asia and the West and how Australian universities can respond to economic growth in Asian countries,” he said.


The publication is being launched today at the Accounting and Finance Association of Australia and New Zealand Conference in Auckland and has been produced in conjunction with the Centre for Accounting, Governance and Sustainability at the University of South Australia.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news