Ernst & Young Monthly News July 2007
Publications
(PDF English, 1.11 MB)
In March of this year Ernst & Young polled 1,300 employees working for international corporations in eight Western
European and five Central and Eastern European countries on how they perceived fraud, bribery and corruption
and on how effective they found the efforts being made by their companies to combat them.
(PDF English, 4.39 MB)
As the global IPO study by Ernst & Young shows, global IPO activities continued at record level in the first
quarter of 2007 with 372 IPOs raising USD 36bn.
(PDF English, 146 kB)
China further reduces VAT refunds on export goods – these changes will impact most businesses and mean higher export
costs for thousands of products.
(PDF English, 494 kB)
Executive Summary / Feature article: The IASB's proposals on fair value measurements / Technical focus: How will IFRS 8
impact goodwill impairment testing? IASB highlights / Resources
(PDF English, 3.01 MB)
This publication provides an overview of IFRS 7 Financial Instruments: Disclosures (IFRS 7 or the Standard) in
addition to discussing implementation issues and the main differences compared to the previous disclosure
requirements for financial instruments.
(PDF German, French, 2.2 MB)
Based on the Swiss GAAP ARR regulations
applicable as of 1 January 2007 (© Swiss Foundation for Accounting and Reporting) – After a considerable
number of publicly listed companies filed accounts in accordance with Swiss GAAP ARR some
years ago, the SWX demanded that IFRS or US GAAP regulations be applied from 2005 for all main segment securities.
Now the Swiss standard is concentrating primarily on SMEs which are the recipients of state funding, charitable
organisations and pension funds.