Accounting and Regulations

Prototype of International Integrated Reporting Framework Released

30-Nov-12

The International Integrated Reporting Council (IIRC) releases a Prototype of the International Integrated Reporting Framework, a significant further step towards publication of version 1.0 of the Framework in 2013.

Proposal Reinforces Importance of Rigorous Project and Investment Appraisal

30-Nov-12

The International Federation of Accountants releases for comment proposed International Good Practice Guidance (IGPG), Project and Investment Appraisal for Sustainable Value Creation.

ADB to Help South Asia Clear Path for Intraregional Trade Expansion

30-Nov-12

The Asian Development Bank (ADB) is providing $48 million to help goods move more smoothly in and out of Bangladesh, Bhutan, and Nepal.

Scheme Aims to Address Singapore's Manpower Needs in Accounting

26-Nov-12

The Accounts Assistant Place-and-Train Programme aims to place and train mid-career job seekers to join the accounting profession as accounts assistants.

B2B Payment Defaults on the Rise in Asia-Pacific

23-Nov-12

Compared to one year ago, businesses in Asia-Pacific experienced a significant increase in the value of B2B receivables written off as uncollectable from 3.6% in 2011 to 5.0% in 2012.

Accounting Reform in Insurance Sector Progressing Slowly

23-Nov-12

Significant progress has been made on new insurance accounting standards, but key details still need to be settled, according to a sigma study by reinsurer Swiss Re.

HP Uncovers Accounting Improprieties; Takes US$8.8 Billion Charge

21-Nov-12

HP has announced a non-cash impairment charge of $8.8 billion related to Autonomy in the fourth quarter of its 2012 fiscal year.

Tax Reforms Continue Worldwide Despite Economic Turmoil

21-Nov-12

Governments continue to reform their tax systems despite global economic uncertainty, with 31 economies having taken steps from June last year through May 2012 to make it easier and cost less for small and medium businesses to pay taxes.

Muddy Waters Strikes Again: Singapore's Olam Slumps on Questioned Accounting

21-Nov-12

Olam International, one of Asia's largest agribusiness groups, fell the most in six months in Singapore trading following an attack made by research firm Muddy Waters LLC.

Standard on Assessment of Professional Competence Revised

19-Nov-12

The International Accounting Education Standards Board (IAESB) has released the revised International Education Standard (IES) 6, Initial Professional Development—Assessment of Professional Competence.

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