Accounting and Regulations

A Third of Businesses Agree That Revenue Standards Need Improvement

07-Feb-12

New research finds that only 37% of respondents believe that existing accounting standards on revenue recognition need to be improved or replaced, despite a documented history of high-profile corporate revenue recognition problems.

Corporate Reports Still Hold Value, Says ACCA Study

07-Feb-12

Annual reports are important to stakeholders, but are undermined by length and complexity.

Re-assessing the Value of Corporate Reporting

06-Feb-12

Corporate reports are being held back by confusion over their different audiences, their complexity, and lack of timeliness. Instead, there is a need for a greater focus on forward-facing plans, risk management, and their coherent, effective integration into corporate reports.

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Internal Auditors Urged to Provide Greater Insight Into Their Organisations

02-Feb-12

Internal auditors can be in the position to make meaningful contributions to the organisations they serve by providing insight into organisational risks and opportunities.

Standard-Setters Agree to Reduce Differences in Financial Instruments

30-Jan-12

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have agreed to work together to seek to reduce differences in their respective classification and measurement models for financial instruments.

The Big Four: Who's Winning the Accounting Race?

25-Jan-12

Deloitte, Ernst & Young, KPMG and PwC had all-time high revenues of US$103 billion in 2011. Guess who's the earnings leader?

PwC Is Once Again the World's Largest Accounting Firm

19-Jan-12

The world's four largest accounting firms enjoyed outstanding revenue growth from 2010 to 2011 after a severe revenue decline in 2009.

Olympus Panel Clears Ernst & Young, KPMG

18-Jan-12

Auditing firms KPMG Azsa LLC and Ernst & Young ShinNihon LLC have been cleared by an independent panel from legal responsibility in the Olympus accounting scandal.

Companies in Singapore Taking More Time to Settle Their Debts

13-Jan-12

While the time Singapore companies take to pay their debts has improved slightly, 18% of all monies owed remains unpaid 90 days after the debt is due.

Singapore Launches Professional Certificate in Audit Skills

12-Jan-12

The country's national accountancy body, has launched a Professional Certificate in Audit Skills, especially for audit professionals to enhance their technical expertise and update their skills.

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