The IFRS Foundation Monitoring Board, responsible for oversight of the IFRS Foundation, has appointed the Ministry of Finance of the People’s Republic of China (China MOF) as a member, with the United States Securities and Exchange Commission (SEC) abstaining from the vote on this issue.
Differing views and sometimes competing interests among internal audit stakeholders — particularly board members and the C-suite — can make identifying and meeting stakeholders’ demands a challenge, according to a new report.
China M&A activity hit a new record in the six months to June 2016, growing to US$412.5 billion. This is up 13% by volume and 8% by value compared to the second half of 2015, itself a record at that time.
Annual reports need to provide more in-depth strategy discussion, backed by relevant operational KPIs so that investors can take a longer-term view of corporate health and performance, according to KPMG International’s second annual Survey of Business Reporting.
Civil unrest is significantly more disruptive to business in India than in any other Asian economy, reveals a new global index released by risk consultancy Verisk Maplecroft, which ranks the country 4th and categorized it as “extreme risk."
A group of online fraudsters behind thousands of online scams totaling more than $60 Million and involving hundreds of victims worldwide, have been arrested by the INTERPOL in cooperation with the Nigerian Economic and Financial Crime Commission (EFCC) and IT security vendors in June 2016.
Fitch Ratings expects NPLs at Thai banks to rise further - albeit slightly - for the rest of 2016 amid a weak operating environment after second-quarter results showed their profitability and asset quality had deteriorated.