• Details
  • Service: Audit
    Type: Regulatory update
    Date: 2/17/2010

    Audit Committee Insights International — February 17 2010 

    Audit Committee Insights International
    Audit committee insights international edition includes news and commentary sourced from KPMG member firms.

    Financial reporting issues

     

    WebCPA

    A new standard covering the accounting for and disclosure of intangible assets is released by The International Public Sector Accounting Standards Board.

     

    Surveys and trends

     

    The Conference Board

    A global shift in economic power may soon take root.

     

    The Economist [LexisNexis]

    How banks can improve their approach to risk management.

     

    Directorship

    Concerns about sovereign debt and economic weakness dominate a panel discussion on the fledgling global recovery.

     

    Shareholder issues and news

     

    The Economist

    Loss of liquidity can prove just as fatal as insolvency.

     

    Economist.com [LexisNexis]

    The markets, and developed countries, may be too dependent on governments and central banks.

     

    Commentary and perspectives

     

    Knowledge@Wharton

    Large pharmaceutical companies are beginning to outsource R&D in hopes of new growth.

     

    Boston Consulting Group

    Expect private equity investors to base their decisions on whether the owner is creating operational value rather than value driven by financial levers.

     

    KPMG Analysis

     

    Thought Leadership

     

    Few Directors Expect a “Return to Business as Usual’’

    Five key issues for boards and audit committees to consider as they refine their oversight practices and help guide their companies forward.

     

    The Convergence Challenge: Global Survey Into the Integration of Governance, Risk, and Compliance

    New research into the driving forces behind convergence of governance, risk management, and compliance – as well as the costs, perceived benefits, and barriers to achieving this goal.

     

    Indirect Tax News by Country

    A collection of country-specific reports – from Australia to Mexico to Vietnam – on developments relating to indirect tax rules and regulations.

     

    Event

     

    Webcast: Disclosing Uncertain Tax Positions to the Internal Revenue Service: A Conversation with the Chief Counsel of the IRS

    March 2, 2010

    2:00 p.m. - 3:00 p.m. EST

    Register today for this webcast on the recent U.S. Internal Revenue Service proposal to require corporate taxpayers to describe their uncertain tax positions. The webcast, moderated by Hank Gutman, director of KPMG LLP’s Tax Governance Institute, will feature IRS chief counsel William Wilkins.

     

    In Case You Missed It

     

    Webcast Replay: New SEC Proxy Disclosure Rules for 2010: What Boards Are Doing to Prepare

    View a replay of a recent webcast on U.S. Securities and Exchange Commission proxy disclosure rules related to executive compensation and the board's role in risk oversight. The webcast includes an overview of the National Association of Corporate Directors' Blue Ribbon Commission report - Risk Governance: Balancing Risk and Reward - and an update on key U.S. accounting and financial reporting developments.

     

    Ten To-Do’s for Audit Committees in 2010

    In its annual memo to directors, KPMG’s Audit Committee Institute in the U.S. highlights 10 items for audit committees to keep in mind as they consider--and carry out--their 2010 agendas.

     

    ACI Thought Leadership from 29 Countries

    Explore audit committee challenges, practices, and emerging trends in 29 countries around the world.

     

    More thought leadership from ACI
     

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