IAS – the only real contender
IAS – the only real contender
As recently as 10 years ago, harmonisation of accounting standards inEurope, let alone the rest of the world, seemed a distant dream. The detailed accounting requirements in some European countries were as diverse and distinctive as the countries themselves and many countries were prepared to fight hard to defend their ...
Recent high profile international business failures have seen concerns raised regarding the current state of corporate governance and financial reporting inEurope. With its new position paper FEE1 is highlighting the essential issues for the accountancy...
Recent high profile international business failures have seen concerns raised regarding the current state of corporate governance and financial reporting ...
... German delegation and PwC partner;
Kean Keller
, French delegation and representative of APEFHC, the French Association for accounting standards harmonisation;
David Damant
, representing the International Council of Investment Associations;
Karel ... ... Accounting Standards Committee board usually kicks off its meetings by getting up to speed on the latest international developments. In June the board got to grips with two of the most significant developments in the lASC’s history.
In May, the International ...
Hunting in packs is often the most effective way for the smaller guys to get their way. It is even the case in the gentrified world of accounting. At least 35 countries have said they will use international accounting rules for smaller businesses within three years, which places pressure on the world’s developed nations to take on the new standards.
Written by Mario Christodoulou
...
... Comptables Europeens and its Auditing Working Party have published the results of a survey on auditor’s reports inEurope. This publication summarises an in-depth study comparing the structure and detailed content of the national Auditors’ reports across Europe to the International Auditing Standards ISA 700.
The results of this study confirm that the EU professional accounting organisations have now, in all material respects, incorporated the international standard on auditing on auditor’s report – ISA 700 – in their respective national standards. This may be ascribed to the efforts by the national professional reporting obligations for the ...
... for the Accounting Technical Committee, the expert level of the endorsement mechanism as proposed by the EU Commission in its Proposal for a Regulation: European Financial Reporting Advisory Group – EFRAG. The aim is to have one single set of accounting standards for the European capital market that cannot only be used in the EU but world-wide: IAS.
Europe can only support IAS if it has sufficient input and influence in the dev
... нового направления в работе Фонда МСФО. Но по факту именно вчера IASB, совместно с европейским и британским профильными изданиями по бухучету (AccountinginEurope и The British Accounting Review, соответственно) опубликовал призыв поисследовать корпоративные раскрытия в рамках одной из трех предложенных тем....
... Council. However these advantages will be significantly reduced if audit reports only refer to national auditing standards. Which is why the Federation Experts Computable European (FEE) is now leading the debate about the future of auditing standards inEurope with the launch of its new paper.
This insightful FEE discussion paper is the first such paper from a major stakeholder in the financial markets arena. Ent
...
Systems of social insurance spread over developed countries after the Second World War. New institutions were therefore created in order to organize the social security system at a national level. These organizations were empowered by law to collect funds ... .... The finance system consisting of funds independent from the state budget has been implemented in some countries of Western Europe; the Russian system is not very different from that of Western Europe.
The purpose of a social insurance system is to ...
... markets believes that both professional stock market participants and major securities issuers should be using the international financial reporting standards (IFRS) as of 2004.
FCSM Chairman Igor Kostikov told the 11th International Banking Congress in St. Petersburg that a long series of discussions with investors and professional market community had produced a strategic plan for how to bring this about. Professionals from auditor firms and companies that have already certain experience of presenting ...