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Ernst & Young Monthly News January 2012

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Study: Global IPO market finishes the year weakly

(Press release, HTML, German)

7 December 2011 – The global market for initial public offerings (IPOs) finishes the year with a whimper after a strong start to the year. In October and November there were only 148 IPOs worldwide, which raised a total of USD 15 billion. In the same period of the previous year there were 306 IPOs with a volume of EUR 104 billion.


Specialist article: The workers of the future

(PDF, German, 442 kB)
2 December 2011
Source: Tages-Anzeiger

n the past a lot of thought about the future has taken place in Zurich-West. And this holds true for the present as well. We meet four people at their workplace.


Specialist article: Lease accounting – a glance into the future

(PDF, German, 279 kB)
7 December 2011
Source: Finanz und Wirtschaft
Authors: Roger Müller, Marco Casal, Ernst & Young

Accounting regulations for leasing transactions


Specialist article: 30-day time limit to use the reporting procedure for dividends – indicative versus binding time limit

(PDF, German, 1269 kB)
8 December 2011
Source: Der Schweizer Treuhänder
Author: Peter Brülisauer, Ernst & Young

This article looks in particular at the formal requirements for the use of the reporting procedure. In addition, it sheds light on the legal nature of the reporting procedure and the 30-day time period and considers the question of an indicative versus a binding time period.


Specialist article: New strategy adopted by the Swiss Institute of Accountants and Tax Consultants

(PDF, German, 580 kB)
8 December 2011
Source: Der Schweizer Treuhänder
Author: Dominik Bürgy, Ernst & Young

In the resolutions passed at its general meeting held on 28 October 2011, the Swiss Institute of Accountants and Tax Consultants set out some important milestones for its own future development.


Specialist article: The regulatory framework in complete decline

(PDF, French, 280 kB)
16 December 2011
Source: L’Agefi
Authors: Bernhard Böttinger, Pascal Grange, Ernst & Young

Private banking institutions have to reduce their operating costs, and quickly. But without reducing their potential for growth.


Specialist article: Daring to take a different perspective – the use of open source software for small companies

(PDF, German, 942 kB)
19 December 2011
Source: KMU Life
Author: Dr. Matthias Stürmer, Ernst & Young

SMEs still have mixed feelings when it comes to open source software. On the one hand, there are advantages in terms of acquisition cost and flexibility compared with proprietary solutions. On the other hand, a lack of in-house knowledge of open source IT or of consultants as well as the issues of long-term service and long-term liability represent disadvantages. The author's background on this issue is clear, but he is able to shed light on both sides.


Specialist article: Little cause for euphoria

(PDF, German, 663 kB)
23 December 2011
Source: Stocks
Authors: Bruno Patusi, Christian Röthlin, Ernst & Young

Withholding tax agreements with Germany and England do not meet expectations.

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