Audit

Transforming Internal Audit through critical thinking

In an uncertain and challenging economy, organizations are seeking an approach to internal audit that goes beyond reviewing past activities. Instead, they want internal audits to be insightful, forward looking, and go beyond preserving current structure to creating value on a departmental, divisional, or organization-wide level.
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IFRS 9 becomes a reality for financial instruments accounting

The long-awaited IFRS standard on financial instruments is now finalised. After years of deliberations and revised proposals, the IASB has issued in its final form IFRS 9 Financial Instruments.
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Endlich! Die Zukunft der Rechnungslegung für Finanzinstrumente beginnt

Das IASB hat den finalen Standard zu IFRS 9 „Finanzinstrumente“ am 24. Juli 2014 veröffentlicht. Dieser neue Standard soll den bisher anzuwendenden IAS 39 „Finanzinstrumente: Ansatz und Bewertung“ ersetzen.
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Potential impacts of IFRS 4 Phase II on non-life insurance accounting

Based on recent developments of the IFRS 4 Phase II standards, we summarized results of a case study that analyzes potential impacts on the insurance accounting when applying the premium allocation approach (PAA) to a specific short-duration insurance contract.
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Wie weiter mit Goodwill?

Anfang 2014 hat das IASB das Projekt zur Überprüfung der Umsetzung von IFRS 3 „Unternehmenszusammenschlüsse“ eingeläutet. Aus der öffentlichen Informationsanfrage erhofft sich das IASB Anregungen für eine eventuelle Überarbeitung des Standards.
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Countdown to FATCA

In the last couple of months most of the institutions affected by FATCA were still scrambling to become FATCA compliant. Therefore, let’s have a look at recent developments since May 2014 and what needs to be done in the next few weeks to ensure FATCA compliance once it becomes effective on 1 July 2014.
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