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Implementing accrual accounting in Europe
The European Federation of Accountants (FEE) has published a study reporting on the progress made by European countries in implementing accrual accounting in the public sector.
Ghana adopts International reporting standards
The changeover will mark the gradual phase out by 2009 of the Ghana National Accounting Standards formula in use since 1993, which is published by the Institute of Chartered Accountants, Ghana.
Major increase in organized crime fraud
A surge in frauds perpetrated by organized crime gangs led to a record number of fraud cases in 2006, KPMG s latest Fraud Barometer reveals.
Firms Grow, Despite Decreasing M&A Activity
CPA firms continue to experience strong growth, with 76 percent reporting an increase in firm size last year, according to benchmark data in the 2006 National Management of an Accounting Practice Survey.
The Accounting Standards Board (ASB) has bowed to pressure from users of the Financial Reporting Standard for Smaller Entities (FRSSE) and simplified reporting on share-based payments.
The proposals respond to concerns about difficulties encountered by parent companies in measuring the cost of an investment in a subsidiary on adopting IFRSs.
11 revised public sector accounting standards
The International Public Sector Accounting Standards Board has issued revised standards to increase the clarity and usability of International Public Sector Accounting Standards.
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