Ernst & Young Monthly News July 2008
E-News
(PDF, German, French, 126 kB)
Editorial / Corporate tax reform II – salary or dividends? (Walo Stählin, Silvia Meier) / Corporate social responsibility at
medium-sized companies: new start or old favorite? (Roger Amhof, Mark Veser, Ladina Caduff) / Business game with alternatives
(Beat Arbenz, Stefan Rösch) / A man for all seasons (Portrait of Bernhard Alpstäg)
(PDF, English, 405 kB)
China Steps Up: Draft Regulations Released by the SAT – When it comes to transfer pricing in China, the rules of the game
have changed. Transfer pricing enforcement has clearly become a priority. With the Draft Regulation, China will finally be
on par with its major trading partners insomuch as having detailed implementing regulations is concerned.
(PDF, English, German, French, 111 Ko)
New Obligations under Association Law – Accounting and Audit
(PDF, English, 385 kB)
Executive summary / Featured article: Getting ready for IFRS / Technical focus: Employee terminations — cancellation or
forfeiture? / Financial reporting developments / Resources
(PDF, English, 132 kB)
IAS 27 was based on a concept of capital maintenance, which was considered by many to be outdated and led to difficulties when
applying the cost model to investments. The IASB issued an amendment to IFRS 1 First-time Adoption of IFRS and IAS 27 to address
the referring issues.
(PDF, English, 288 kB)
The improvements project is an annual project that provides a mechanism for making non-urgent, but necessary, amendments to
standards, primarily with a view to removing inconsistencies and clarifying wording.