Australian businesses need a focus on ethical leadership, with rewards that counterbalance those for high financial performance. Leaders of every organisation, whether it is corporate, not for profit, government or academic, ignore the health of its ethical culture at their peril. In this world of instantaneous communication, a single lapse of judgment is rapidly posted to customers,…
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Firms face new human rights duties, write Paul Marshall and Niall McLean Behaving ethically, and being seen to be behave ethically, is an increasingly important aspect of doing business. In a climate in which businesses are subjected to unprecedented scrutiny and growing regulation, we can only expect that the ethical treatment of customers, local communities…
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El CTCP señala que el hecho de que el administrador de la propiedad horizontal someta a aprobación de la asamblea general de copropietarios los estados financieros, requiere según la Ley 222 de 1995 que estos sean certificados, es decir, deben estar firmados por el representante legal y el contador público que los preparó, por lo…
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Devrimi Kaya and Maximilian Koch. “Countries’ Adoption of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) – Early Empirical Evidence. ”Accounting and Business Research 45, no. 1 (2015): 93-120. Question What are the determinants that explain adoption of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs)…
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How the IFRS standard for business combinations values intangible assets should be rethought, some say. In the second half of 2014, an enigmatic notice appeared on the International Financial Reporting Standards (IFRS) website. It called for tenders to place a value on IFRS’s intellectual property — that is, on the brand. But what’s most interesting is…
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The Effects of Mandatory IFRS Adoption in the EU: A Review of Empirical Research reviews academic research into the effects of mandatory adoption of IFRS in the EU and summarises what it tells us about the costs and benefits of adoption. (Updated April 2015.) The report finds that there is evidence of benefits following IFRS…
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As it wraps up some major projects in the coming months and pushes through some simplification initiatives, the Financial Accounting Standards Board is starting to wonder: what’s next? Golden FASB plans to publish a discussion paper looking for input on what comprehensive accounting standard revisions the board should add to its technical agenda. FASB Chairman…
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EU should endorse new accounting standards for banks’ loss reporting, advisers say Changes to the way in which banks will be expected to account for expected credit losses on their balance sheets from 2018 are «conducive to the European public good», according to an advisory committee.
It’s been a long journey for the Financial Accounting Standards Board that will end – at least for Property & Casualty, healthcare and reinsurers of short term insurance contracts –with new disclosure requirements, which are expected to be issued late June 2015. When the board voted to issue final disclosure requirements in February, FASB Chairman…
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Now that the new revenue recognition standard is likely to be delayed by a year in the United States, international rule makers are considering the same for companies that file under International Financial Reporting Standards The staff of the International Accounting Standards Board is recommending the board consider deferring the required effective date for the…
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