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Date: 2024-04-20 Page is: DBtxt001.php txt00019243

TPB Dialog
ACAUS

David Powell and Connall McConagle in July 2020

Burgess COMMENTARY

Peter Burgess
(no subject)

Peter Burgess Wed, Jul 22, 3:39 PM (3 days ago) to Executive, Connall

Dear David

I am very happy that ACAUS is moving ahead strongly. The AGM reflected this ... so both congratulations and thank you.

I cannot believe ACAUS started 40 years ago . At the time I was sharing an office with Angus McDowell at 1133 Avenue of the Americas. It was a good deal for Angus because I spent about 75% of my time doing assignments overseas. After a while Sandy Needham joined this little office team. Together and individually we did some interesting work together based on our Chartered Accountancy professional training and international experience.

Though I have had a fascinating career, I must admit to being disappointed in a very large number of ways. So many of the big issues that I have been interested in going back several decades have gotten worse, not better ... and I find that very bothersome.

One of the things that concerns me is that almost every decision point in the modern socio-enviro-economic system is driven by the idea that only profitable activities are worthy of investment. As an accountant, I have always been involved in quantification and numbering ... but reality got to me when I was counting dead people because of massive failed development during the African droughts in the 1980s.

But what is even more concerning is that the situation in 2020 is worse than it was in the 1980s ... and for no good reason.

In my own little way, I still believe that there is a need for Chartered Accountancy to think very hard about what is needed to make it more fit for purpose in the 21st Century. The same old same old has helped to create a very profitable world that is also seriously challenged in terms of both social and environmental performance.

Eventually we will all see what will emerge in a Post-Covid world. I am not optimistic. I have been asking in the past few weeks 'What would Keynes do?' because in the past he asked very important questions about economic dysfunction and helped to create post WWII prosperity rather than a return to a 1930s like depression.

So 'What would Keynes do now?' now ... and what should the Chartered Accountancy profession be doing now?

Again ... congratulations to the leadership team at ACAUS

PeterB
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'Connall McConagle'
-----------------------------------------
David Powell
Wed, Jul 22, 7:27 PM (3 days ago)
to me, Connall

Hi Peter. Thanks again for your support. As we’ve discussed before there is a lot still wrong with the world. If we can help move things in the right direction through some what we do, and encourage others to do similar then at least we are on a good path. I hope you are staying cheerful even while shaking your head at some of the acts going on within the circus. Best regards, David

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