IASB Proposes Single International IFRS for All Insurers Across All Contract Types
INSURANCE NEWSLINK
The International Accounting Standards Board publishes an exposure draft of improvements to the accounting for insurance contracts.
SEC Solicits Comments on IFRS Work Plan
WEBCPA
The Securities and Exchange Commission is asking the public for feedback on its plans for incorporating International Financial Reporting Standards into the financial reporting system for U.S. issuers.
IFRS: More Opportunities Than Threats
CFO.COM [LEXISNEXIS]
Scenario planning reveals few threats and many opportunities within the uncertainties about IFRS in the U.S.
Study Raises Questions on Cooperation and Enforcement
COMPLIANCE WEEK
A study about the merits of self-reporting of accounting problems and misconduct fuels debate about the rewards corporations really get in exchange for confessing their problems.
The Canadian Spin-Off Edge
CFO.COM [LEXISNEXIS]
Favorable tax treatment awaits Canadian parent companies that structure reorganizations as "amalgamations," although such deals could be considered taxable transactions in the U.S.
CPA Execs Turn Pessimistic on Economy
WEBCPA
Optimism about the U.S. economy is scarce among CPAs serving as C-suite executives.
Implementation of U.K. Bribery Bill Postponed Until April 2011
MONDAQ [LEXISNEXIS]
Implementation of the U.K. Bribery Bill has been postponed for nine months while the government evaluates comments to the bill raised by various business constituencies.
Letting the Bottom Line Talk
THE ECONOMIST
Just a few weeks ago, Europe’s banks were considered to be in a precarious position, but now investment analysts are raising many of the banks’ profit forecasts and slapping "buy" recommendations on the stocks.
Wanted: More Internal Audit Chiefs with Business Acumen, Integrity and Courage
TARGETED NEWS SERVICE [LEXISNEXIS]
The European Takeover Directive may be less about creating an efficient and competitive corporate landscape and more about building walls.
The Failure Imperative
A big barrier to adopting a culture of transparency and openness has been a systemic and cultural aversion to failure.
Joy, Pain and Double Dips
THE ECONOMIST [LEXISNEXIS]
Fear of renewed recession in America is overblown; so is some of the optimism in the Euro area.
Best Practices for Global Directors
CORPORATE BOARD MEMBER [LEXISNEXIS]
A survey delves into the reasons why businesses may invite foreigners to serve on their boards.
Don’t Ask—Tell!
THE CONFERENCE BOARD REVIEW [LEXISNEXIS]
It’s time to stop requesting and start mandating more women on boards.
Mortgage Fraud Up Nearly Four-Fold
Mortgage fraud accounted for over half of all fraud committed against the U.K.’s financial sector in the first six months of this year.
Briefing Sheet: July and August 2010 IASB Meetings
A review of the top agenda items at recent International Accounting Standards Board meetings, including insurance contracts, comment letters in relation to consolidation, and income tax measurement requirements.
Illustrative Financial Statements
An examination of a possible IFRS format for financial statements based on a fictitious multinational corporation.
FASB’s Proposed Changes to Impairment and Interest Income Recognition of Financial Assets
Wednesday, August 18
1 p.m. (EDT)
This webcast will discuss the FASB’s proposed changes related to impairment and interest income recognition of financial assets and highlight some of the proposal’s potential conceptual and application issues.
KPMG/NACD Quarterly Audit Committee Webcast Replay
View a replay of our most recent webcast -- the first in a new series: "The Intersection of the Audit Committee and the C-Suite.’’ Topics covered in this webcast include:
- Financial Reporting/Accounting Developments and "Hot Topics"
- Washington Update
- Issue Focus: A discussion of The Evolving Role of Internal Audit, including how today's chief audit executives and internal audit teams - as the "eyes and ears" of the audit committee - are adding greater value and insight and supporting corporate strategy.
Morning Briefing From NACD’s Directors Daily – Courtesy of ACI
KPMG’s Audit Committee Institute is pleased to offer you a free subscription to NACD Directors Daily, the National Association of Corporate Directors’ daily on-line briefing on the key issues that affect corporate boards and their committees. NACD Directors Daily is delivered weekday mornings directly to your inbox. Click here to sign-up.
NACD Governance Conference
Reserve a spot today at the NACD 2010 Corporate Governance Conference, where KPMG’s Audit Committee Institute will host a number of forums and panel discussions on audit committee challenges and leading practices. The conference, designed for directors to exchange knowledge on the pressing issues facing today’s boards, will be held October 16–19 in Washington, D.C. Contact the NACD at 202-572-2088, or e-mail registration@nacdonline.org.
ACI Thought Leadership from 29 Countries
Explore audit committee challenges, practices, and emerging trends in 29 countries around the world.
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