Global Management Accounting Hall of Fame

The Institute of Certified Management Accountants (ICMA) celebrated the induction of three outstanding champions into its Global Accounting and Management Accounting Hall of Fame at an awards dinner held at the RACV City Club Melbourne on 20 November 2019.

Professor Brendan O’Connell, President of ICMA Australia and host of the awards dinner, said, “While selection to the Hall of Fame is intended to honour the people so chosen, it is also intended to be a recognition of distinguished service contributions in fields related to accounting and management accounting.”

Professor O’Connell explained that while the accounting profession concentrates on compliance and taxation, management accounting professionals are involved in value creation, business analysis, cost, performance and risk management, environmental and social reporting, and strategic auditing.

He said, “Of particular interest to management accountants is ‘enterprise governance’, which includes areas of ethics, transparency and whistle-blower protection. Therefore, it is no surprise that ICMA inducted Adele Ferguson AM for her role in bringing about the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.”

Ms Ferguson is a multi-award-winning senior business writer and columnist whose investigations go behind the spin to expose corporate wrongdoing. Her exposés include the 7-Eleven wage fraud scandal, which has, to-date, resulted in compensation payments of more than $150 million to thousands of vulnerable foreign workers and brought about changes to the law. Ms Ferguson also exposed wage fraud inside other franchise giants, including Domino’s Pizza and Caltex, and helped trigger a parliamentary inquiry into the $170 billion franchise sector.