Karel Van Hulle

karel van hulle 2

“We need accounting experts with the courage of including intangible assets in balance sheets”

Julia Pastor | Board member at the Bermuda Monetary Authority, Professor Karel van Hulle considers that the current accounting standards, which changed last year, “is not good because since it does not recognize the change we are seeing in society whereby people want to have more future-oriented value in the balance sheet.” This is the second part of our conversation.

Prof. Karel Van Hulle

“An auditor should not only look only at what happened in the past”

Julia Pastor | Accounting expert Karel Van Hulle (+30 years of experience at the European Commission) believes that financial states of the companies should focus more on important issues for society. “Firms today are different than the ones we had in the past… they don’t have assets in their balance sheets since all their value is non-tangible.”