Broschüren – Ihre Auswahl
Folgende Publikationen entsprechen Ihrer Auswahl:
| ||Transparenz im Visier|
Mehr als die Hälfte der grössten Schweizer Unternehmen berichten über ihre Nachhaltigkeitsleistung. Unsere Folgestudie (970 KB) zeigt den aktuellen Stand bei führenden Schweizer Unternehmen.
| ||Global Fraud Survey 2014 [nur auf Englisch]|
Eine Studie von EY bei mehr als 2'700 Führungskräften in 59 Ländern (Schweiz: 50 Befragungen) hat gezeigt, dass unethisches Verhalten bei mehr als 40% der Führungskräfte weiterhin geduldet wird (Schweiz: 36%). Diese sind der Meinung, dass ein solches Verhalten gerechtfertigt sei, um einem Unternehmen zu ermöglichen, einen Konjunkturabschwung zu überleben.
| ||Reporting magazine – Issue 7, May 2014 [nur auf Englisch]|
The magazine puts financial reporting in a business context. Reporting is not about technical detail and standard changes. Instead, it complements the many publications our technical specialists produce by examining how companies report and how stakeholders respond.
| ||2014 Global insurance outlook [nur auf Englisch]|
Welche Chancen und Herausforderungen hält das Jahr 2014 für den globalen Versicherungssektor bereit, nachdem die Branche eine Zeit der wirtschaftlichen Unsicherheit durchlebt hat? Dieses Thema und mehr beleuchten wir in unserer neuesten Ausgabe für den globalen Versicherungssektor.
| ||2014 European insurance outlook [nur auf Englisch]|
Das Wachstumspotenzial für europäische Versicherer kann steigen, wenn sich die dortigen Wirtschaften vom aktuellen Abschwung erholen. Die Chancen und Herausforderungen sind Bestandteil unseres neuen Berichts.
| ||Hedge accounting under IFRS 9|
On 19 November 2013 the International Accounting Standards Board (IASB) issued a new version of IFRS 9 Financial Instruments (Hedge Accounting and amendments to IFRS 9, IFRS 7 and IAS 39) (IFRS 9 (2013)), which primarily introduces the new hedge accounting requirements.
| ||IFRS 4 Phase II – Operational impacts [nur auf Englisch]|
The International Accounting Standards Board (IASB) issued their revised Exposure Draft (ED) for IFRS 4 Phase II on 20 June 2013, with the comment period concluding on 25 October 2013, which, if adopted, will replace IFRS 4 Insurance Contracts (IFRS 4).
| ||Value of sustainability reporting [nur auf Englisch]|
This comprehensive survey covers various aspects of an organization's environmental, social and governance (ESG) reporting, including topics such as cost and benefits of reporting and making connections to financial performance.
| ||Transparenz im Visier|
Mehr als die Hälfte der grössten Schweizer Unternehmen berichten über ihre Nachhaltigkeitsleistung. Unsere Folgestudie (970 KB) zeigt den aktuellen Stand bei führenden Schweizer Unternehmen.
| ||Nachhaltigkeitsthemen für Immobilieninvestoren|
Die vorliegende Analyse zum Thema Nachhaltigkeit stellt keine Neuauflage unserer letztjährigen Studie dar. Vielmehr wird auf den vielfältigen Themenkranz des aktiven Portfoliomanagements von Immobilienvermögen abgestellt. Vor diesem Hintergrund wurden in diesem Jahr nicht mehr Projektentwickler, Kreditinstitute und Mieter befragt, sondern ausschliesslich Investoren und Bestandshalter grösserer Immobilienportfolios auf europäischer Ebene.
| ||IFRS Outlook – April–June 2013 [nur auf Deutsch]|
Regulators' concerns over impairment disclosures: how entities can improve their compliance with IAS 36 / IASB moving towards an improved IFRS framework / IFRS project update / Resources
| ||IFRS Outlook – March 2013 [nur auf Deutsch]|
The latest on the IFRS 9 classification and measurement project / Avoiding disclosure overload in financial statements — improving corporate communication through improved disclosures / IFRS project update / Resources
| ||Boardmatters Quarterly – January 2013 [nur auf Englisch]|
Beyond legal: the role of today’s general counsel at the company and with the board / Trust and transparency: how boards can provide CEOs with a competitive edge / CFOs in high demand: addressing the board’s increasing need for financial skills / Financial reporting and regulatory update: preparing for year-end reporting
| ||Conflict minerals [nur auf Englisch]|
This brochure guides the reader through current developments and legal provisions on disclosures and reporting and explains how to implement a conflict minerals program. Besides defining conflict minerals, it also addresses some of the most common client questions.
| ||The future of global carbon markets [nur auf Englisch]|
This paper discusses the current state of carbon markets, how they will evolve until 2020 without a global climate agreement, how the Durban Platform could affect the markets after 2020, and how businesses will be affected.
| ||IFRS outlook – November 2012 [nur auf Englisch]|
Lease classification to remain – what are some possible implications? / IFRS Foundation publishes analysis of the SEC staff’s final report on IFRS / Spotlight on Canada: IFRS adoption in Canada / IFRS project update / Resources
| ||IFRS outlook – September 2012 [nur auf Englisch]|
The next wave of IFRS changes is coming. Are you ready? / Executive compensation and the debate over accounting for equity-settled share-based payment awards / IAASB suggests changes to improve the value of the auditor’s report / IFRS project update / Resources
| ||IFRS Outlook – May 2012 [nur auf Englisch]|
Time for governments to come clean / Convergence — a moving target / Consistency in IFRS — no borders, one language: dream or reality? / The future of the IASB’s agenda / IFRS project update / Resources
| ||IFRS Outlook – March 2012 [nur auf English]|
More work needed on revenue recognition / IFRS in Brazil — Spotlight on Brazil’s IFRS adoption — An Interview with EY’s IFRS Leaders in Brazil / IFRS project update / Resources
| ||Insurance Accounting Alert – March 2012 [nur auf Englisch]|
During February, the International Accounting Standards Board and the Financial Accounting Standards Board each held meetings to re-deliberate tentative decisions in the IASB’s Exposure Draft, Insurance Contracts (ED) and in the FASB’s Discussion Paper Preliminary Views on Insurance Contracts (DP).
| ||MiFID II: need for action for Swiss investment firms [nur auf Englisch]|
This publication is another element in our “Transformation in Private Banking” series. It is designed to reduce complexity by narrowing down MiFID II to a selected set of key areas that are of strategic importance to the Swiss Private Banking industry. We hope you enjoy reading this brochure and encourage you to contact a member of our team for additional information.
| ||2011 year-end issues audit committees should consider [nur auf Englisch]|
This document is designed to help audit committee members navigate this challenging environment. We lay out 20 questions audit committee members should consider asking as they prepare for their upcoming discussions with management and the external auditors. We also provide additional insights and references to EY publications.
| ||Basel III – challenges, impact and consequences [nur auf Englisch]|
The banking and financial industry is recovering from one of the most severe crises ever seen. With the introduction of Basel III, the resource of capital, which is already scarce, will be stretched even further and margins on both lending and saving activities will deteriorate, squeezing banks’ profitability yet more.
| ||European insurance outlook 2012 [nur auf Englisch]|
European life and non-life insurers face important strategic decisions in 2012. Volatility and deterioration in macroeconomic and political factors are disrupting balance sheets, consumers and investors. Unfolding regulatory initiatives will have a pervasive influence on insurer operations. A mature insurance market across much of the landscape continues to make growth difficult to achieve.
| ||BoardMatters Quarterly – January 2012 [nur auf Englisch]|
Focus on the future: Audit committees and boards have been under a great deal of pressure the last few years. The challenging economic environment is one cause, but significant pressure is also a result of audit committee agendas that have expanded to include such time-consuming and complex issues as risk management, board diversity, succession planning, potential changes to accounting standards and new regulatory proposals that could change the face of corporate governance. In this issue we ...
| ||Good Investment Fund Limited (Liabilities) [nur auf Englisch]|
International GAAP® – Illustrative financial statements of an investment fund whose puttable shares are classified as financial liabilities for the year ended 31 December 2011. Based on International Financial Reporting Standards in issue at 30 September 2011
| ||Good Investment Fund Limited (Equity) [nur auf Englisch]|
International GAAP® – Illustrative financial statements of an investment fund whose puttable shares are classified as equity instruments for the year ended 31 December 2011. Based on International Financial Reporting Standards in issue at 30 September 2011
| ||Solvency II – Tax in Pillar 1 [nur auf Englisch]|
Insurers face many issues in interpreting the key principles of Solvency ll, and Pillar l deals with the quantitative aspects of the regime. Tax can constitute a major component in the Pillar l calculations in relation to both the capital availability and capital requirements.
| ||Discount rates: one size does not fit all [nur auf Englisch]|
In the second half of 2010, the IASB issued an Exposure Draft (ED) and the FASB issued a Discussion Paper (DP) containing proposals for a new recognition and measurement model for insurance contracts. Both the ED and DP require the use of current discount rates that are consistent with observable market prices for instruments whose characteristics reflect those of the insurance contract liability and exclude any factors not relevant to the insurance contract liability. Amount, currency, ...
| ||Applying IFRS: IFRS 10 Consolidated Financial Statements [nur auf English]|
In May 2011, the International Accounting Standards Board (IASB) issued IFRS 10 Consolidated Financial Statements and IFRS 12 Disclosure of Interests in Other Entities. These new standards are effective for annual periods beginning on or after 1 January 2013, and must be applied retrospectively.
| ||IFRS outlook – July/August 2011 [nur auf Englisch]|
Lease accounting is entering a second phase of public consultation - the impact on lessees / Reviews of two key IASB bodies throw light on underlying dynamics of IFRS / SEC publishes Staff Paper on incorporating IFRS into the US Financial Reporting System - our views / IFRS update / Resources
| ||Joint Project Watch – July 2011 [nur auf Englisch]|
The standard-setting activities of the IASB and the FASB continue to move forward. The Boards are redeliberating several projects and have issued final standards on others. Recently, the Boards decided to re-expose their revenue and leases models, giving constituents another opportunity to provide feedback. We encourage you to actively follow the Boards' progress and to respond to requests for comments.
| ||Time to mobilise – Pillar III and IFRS 4 [nur auf Englisch]|
As the new European regulatory framework under Solvency II marches closer, attention is increasingly focused on the public and regulatory reporting that will be required under Pillar III. Under the Solvency II framework, Pillar III will be the public and private reporting face of the technical provisions and capital requirements required under Pillar I and will provide the evidence of the own risk and solvency assessment (ORSA) and the insurers’ risk governance framework under Pillar II. ...
| ||Implementing Phase 1 of IFRS 9 (2nd edition) [nur auf Englisch]|
In November 2009, the IASB published the first part of Phase 1 of IFRS 9. This dealt with the classification and measurement of all financial assets within the scope of IAS 39. In October 2010, the Board completed Phase 1 of IFRS 9, classification and measurement of financial instruments, by issuing amendments to IFRS 9.These amendments addressed financial liabilities and incorporated the current derecognition principles of IAS 39 into IFRS 9.
| ||Joint Project Watch – June 2011 [nur auf Englisch]|
The standard-setting activities of the IASB and the FASB continue to move forward. The Boards recently decided to re-expose their revenue recognition model, providing constituents another opportunity to provide feedback. They have issued final standards on some projects and continue to re-deliberate others. Our June 2011 edition of Joint Project Watch is designed to give you a snapshot of key developments from an IFRS perspective, together with our observations on the potential implications ...
| ||IFRS Outlook – May/June 2011 [nur auf Englisch]|
What you need to know about the new consolidation, joint arrangements and disclosure standards / Fair value measurement: What you need to know about the new standard / IFRS update / Resources
| ||Insurance accounting alert – June 2011 [nur auf Englisch]|
At a joint meeting on 31 May, the Financial Accounting Standards Board and the International Accounting Standards Board (the FASB and the IASB respectively, or collectively, the Boards) discussed several reinsurance topics. The Boards are committed to approaches to measurement and presentation for reinsurance that are broadly consistent with their decisions related to direct insurance. However, articulating the guidance applied to reinsurance contracts is proving diffi cult. The Exposure ...
| ||Insurance accounting alert – May 2011 [nur auf Englisch]|
On 27 April, the International Accounting Standards Board (IASB) and the Financial Accounting Standard Board (FASB), (collectively, the Boards), continued their discussions on a uniform, global insurance contracts standard. At this meeting, they focused on whether all insurance contracts should be measured using the building blocks approach or whether there should be a modifi ed approach for contracts that meet specific criteria. During this meeting, the Boards discussed the modified ...
| ||Supplement to Insurance accounting alert – April 2011 [nur auf Englisch]|
On 12 April, the International Accounting Standards Board and the Financial Accounting Standards Board of the United States (the IASB and the FASB, respectively, and collectively, the Boards) continued their discussions on a uniform, global insurance contracts standard. At this meeting, they focused on how to determine the discount rate for insurance liabilities using an asset-based top-down approach. In addition, the staffs published a document that summarises the decisions reached by the ...
| ||The road to convergence: the revenue recognition proposal – retail and consumer products [nur auf Englisch]|
At their February 2011 joint meeting, the IASB and the FASB (collectively, the Boards) decided to begin making changes to their proposed model for lease accounting in response to criticism that it was overly complex and potentially costly to implement. The Boards tentatively agreed to revise the proposed definition of the lease term and the treatment of variable lease payments, but they still remain committed to requiring that all leases be recognized on the balance sheet.
| ||Good Construction Group (International) Limited [nur auf Englisch]|
This publication contains an illustrative set of consolidated financial statements of Good Construction Group (International) Limited, a large publicly listed construction company and its subsidiaries, for the year ended 31 December 2010. These illustrative financial statements have been prepared in accordance with IFRS in issue at 31 August 2010.
| ||Another step towards a final revenue standard - April 2011 (Issue 101, Supplement to IFRS outlook) [nur auf Englisch]|
At their April 2011 meeting, the IASB and the FASB redeliberated the remaining significant aspects of the revenue recognition exposure draft. This included estimating the transaction price when variable consideration exists, allocation of the transaction price, the accounting for licenses and the rights to use intellectual property, put options on sale and repurchase agreements, and fulfillment costs. This supplement summarizes the key decisions from this meeting and should be read in ...
| ||Straightening out lease expense and other issues - April 2011 (Issue 100, Supplement to IFRS outlook) [nur auf Englisch]|
The IASB and the FASB have continued to refine their proposed accounting for leases. They have completed their targeted outreach activities and have tentatively agreed to changes to the expense recognition pattern for lessees, accounting for variable lease payments and the guidance on the definition of a lease. They decided to introduce a distinction between different types of leases into their new accounting model and to require different expense recognition for leases that contain a ...
| ||A clearer picture of leases on the balance sheet - April 2011 (Issue 98, Supplement to IFRS outlook) [nur auf Englisch]|
The IASB and the FASB (the Boards) have continued to refine their proposed accounting for leases and address certain concerns raised by constituents. The Boards have tentatively agreed to changes involving separating lease and non-lease components, accounting for purchase options included in a lease, initial measurement of lease-related assets and liabilities and accounting for short-term leases. The Boards have also tentatively agreed to make significant changes to the criteria for ...
| ||IFRS outlook – March/April 2011 [nur auf Englisch]|
Effective dates — when will proposed new IFRS standards apply? / What we think of the new proposed approach for impairment of financial assets / Our views on the hedge accounting proposals / IFRS update / Resources
| ||Joint Project Watch – March 2011 [nur auf Englisch]|
Keeping up to date with the standard-setting activities of the IASB and FASB (collectively, the Boards) on their many joint projects can be challenging. The Boards are actively redeliberating many of their projects and, as a result, they are making tentative decisions that may be different from earlier decisions and those in the exposure drafts. Joint Project Watch gives you a snapshot of the key developments through March 2011 from an IFRS perspective, together with our observations on the ...
| ||Continuing the debate|
A digest of the letters commenting on the IASB’s Exposure Draft Insurance Contracts
| ||Offsetting of financial instruments: Is convergence on the horizon? - January 2011 (Issue 94, Supplement to IFRS outlook)|
Ever since the introduction of IFRS in Europe, the offsetting of financial assets and liabilities on the balance sheet has been a controversial issue. The ability to offset under IFRS is more limited than under US GAAP, especially for derivatives. Given the greater focus on banks' risks since the financial crisis, the Basel Committee on Banking Supervision and the Financial Stability Board have raised concerns about the major GAAP difference. In response to these concerns, the IASB and the ...
| ||Reflecting credit in the fair value of financial instruments|
The last few years have been among the most turbulent ever seen in the financial services industry. The credit crisis has highlighted the need to reflect credit risk appropriately in the fair value measurement of financial instruments. In the autumn of 2010, EY surveyed sixteen financial institutions that apply IFRS to benchmark current practice for calculating credit adjustments on financial instruments at fair value. The purpose of this survey was to identify emerging trends and ...
| ||Good Bank (International) Limited|
This publication contains an illustrative set of consolidated financial statements of a fictitious group of banking companies for the year ended 31 December 2010. Good Bank (International) Limited's activities include providing retail and corporate banking, investment banking and asset management services. This publication illustrates specific IFRS disclosures made by the banking industry.
| ||Amendments to IAS 12 Income Taxes - December 2010 (Issue 93, Supplement to IFRS outlook)|
On 20 December 2010, the International Accounting Standards Board (IASB) issued Deferred Tax: Recovery of Underlying Assets (amendments to IAS 12) concerning the determination of deferred tax on investment property measured at fair value. The amendments introduce a rebuttable presumption that deferred tax in relation to such property should be measured on the basis that the carrying amount will be recovered through sale as well, they also incorporate SIC-21 Income Taxes - Recovery of ...
| ||Revenue recognition under IFRS – what do respondents think of proposed changes?|
In June 2010, as part of their efforts to achieve convergence of their standards and provide a single revenue recognition model that can be applied to a wide range of industries, the IASB and the FASB published a joint exposure draft proposing changes to how and when revenue is recognized under both IFRS and US GAAP. Following the end of the comment period in October, we reviewed a sample of the responses in order to understand respondents' key concerns. In this publication, we outline our ...
| ||Proposed accounting for leases|
This publication provides an overview of the proposals contained in the joint International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) Exposure Draft (ED) Leases, which proposes substantial changes to lease accounting that will affect all lease arrangements. In this publication, we discuss the proposals and use examples to illustrate the potential impact on financial statements. We hope this will enable preparers of financial statements to consider ...
| ||Good Real Estate Group (International) Limited|
This publication contains an illustrative set of consolidated financial statements of a fictitious group of real estate companies for the year ended 31 December 2010. Good Real Estate Group (International) Limited’s activities includes the development and leasing of investment property together with the development and sale of residential property. This publication illustrates specific IFRS disclosures made by the real estate industry. These illustrative financial statements have been ...
| ||IFRS outlook – December 2010|
Our views on the lease accounting proposals / Proposals for insurance contracts — heading towards a new standard / IFRS Foundation: Trustees solicit public comment on future strategy / IFRS monthly update / Resources
| ||IFRS outlook – November 2010|
When should proposed new IFRS standards be applied? / Our views on the revenue recognition proposals / IFRS monthly update / Resources
| ||Payroll Review|
Unser Auftrag: Effizienz und interne Kontrolle der Salärabwicklung in Ihrem Betrieb verbessern; klare Transparenz schaffen und Kosten sowie strukturelle, finanzielle, funktionelle und rechtliche Risiken unter Kontrolle haben.
| ||Proposed amendment to IFRS 1 – severe hyperinflation - October 2010 (Issue 87, Supplement to IFRS outlook)|
The IASB has published an exposure draft, Severe Hyperinflation, a proposed amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards (ED), which is applicable to entities that have stopped presenting IFRS financial statements after a period when they were unable to comply with IFRS due to their functional currencies being subject to severe hyperinflation. The ED proposes that such entities are treated as first-time adopters and, as such, may elect to use the ...
| ||Conceptual Framework: Objectives and qualitative characteristics - October 2010 (Issue 86, Supplement to IFRS outlook)|
On 28 September 2010, the International Accounting Standards Board and the US Financial Accounting Standards Board (the Boards) announced the completion of the first phase of their joint project to develop an improved conceptual framework for International Financial Reporting Standards (IFRS) and US generally accepted accounting practices (GAAP). The objective of the conceptual framework project is to create a sound foundation for future accounting standards that are principles-based, ...
| ||New disclosures for derecognition of financial instruments – October 2010 (Issue 85, Supplement to IFRS outlook)|
The International Accounting Standards Board (IASB) issued Amendments to IFRS 7: Financial Instruments: Disclosures on 7 October 2010 to enhance the transparency of disclosure requirements for the transfer of financial assets. The amendments will assist users to understand the implications of transfers of financial assets and the potential risks that may remain with the transferor. This Supplement considers these new requirements and their possible impact.
| ||Consolidated financial statements – October 2010 (Issue 84, Supplement to IFRS outlook)|
This supplement summarizes the staff draft of the proposed standard Consolidated Financial Statements, posted to the IASB website on 29 September 2010. The new IFRS will replace portions of IAS 27 Consolidated and Separate Financial Statements and SIC-12 Consolidation—Special Purpose Entities with a single standard on consolidation. Global IFRS Services will be issuing a presentation slide deck shortly, summarizing the project that engagement teams can customize to discuss with their clients ...
| ||IFRS outlook – October 2010|
Building a bridge between valuation and accounting standards / Proposed amendments to IAS 19: too much too soon? / IFRS monthly update / Resources
| ||Revenue from contracts with customers – The road to convergence: what the revenue proposals mean in practice|
The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) issued the Exposure Draft (ED) Revenue from Contracts with Customers in June 2010. The publication of the joint proposal is a significant step in the process of convergence of IFRS and US GAAP and will apply to entities across all industries. This publication has been developed to highlight the key principles contained in the ED and how they may impact entities when they are applied. ...
| ||Lessons learned|
How did the financial crisis affect corporal financial reporting?
| ||IFRS outlook – September 2010|
The Asian-Oceanian Standard-Setters Group – a growing voice to be heard at the table? / Our views on the Extractive Activities project / SEC solicits public comment on IFRS Work Plan topics / IFRS monthly update / Resources
| ||IFRS practical matters for the C-suite – Revenue: will your key performance measure change?|
This is a publication from our Global Financial Accounting Advisory Services (FAAS) group. While it provides a summary overview of the technical accounting requirements of the proposal, its primary focus is to highlight the more pervasive effects the proposal would have on an entity – effects that extend beyond just accounting – including in areas such as financial metrics, systems, tax and stakeholder communications. The publication also discusses ways EY may be able to help ...
| ||IASB staff draft on fair value measurement - August 2010 (Issue 80, Supplement to IFRS outlook)|
The International Accounting Standards Board (IASB) posted a staff draft of the proposed standard Fair Value Measurement to its website on 19 August 2010. The proposed standard Fair Value Measurement will establish a single source of guidance for all fair value measurements, when fair value is required or permitted by IFRS. The staff draft reflects the tentative decisions to date of the US Financial Accounting Standards Board and the IASB regarding how to measure fair value.
| ||Proposed accounting changes for leases – August 2010 (Issue 79, Supplement to IFRS outlook)|
On 17 August 2010, the International Accounting Standards Board and the US Financial Accounting Standards Board (the Boards) issued an exposure draft (ED) of a proposed new standard on accounting for leases. This supplement provides a high-level summary of the proposed new model, which would effectively end off-balance sheet reporting for leases. This ED is a joint effort of the Boards to create a converged and consistent approach to lease accounting.
| ||IFRS outlook – August 2010|
Our views on the Reporting Entity project / Fair value option for financial liabilities — does the proposed change reduce or retain complexity? / Proposal for accounting for insurance contracts / IFRS monthly update / Resources
| ||IASB staff draft of new presentation model for financial statements - July 2010 (Issue 78, Supplement to IFRS outlook)|
The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB, and collectively, the Boards) have posted to their respective websites, a staff draft of an exposure draft (the draft ED) of a new financial statement presentation standard. The draft ED reflects the Boards' tentative decisions to date regarding their efforts in developing a new financial statement presentation standard. The Boards' proposals are fundamentally the same, although there ...
| ||IFRS outlook – July 2010|
Impairment of financial assets – where is it heading? / Multiple-element arrangements – how should revenue be recognised under IFRS? / IFRIC 18 and utility companies – practical issues at every step / IFRS monthly update / Resources
| ||Limited re-exposure of fair value measurement disclosures – June 2010 (Issue 77, Supplement to IFRS outlook)|
This supplement explores a number of issues following the release of the IASB’s June 2010 ED Measurement Uncertainty Analysis Disclosure for Fair Value Measurements including: the specific proposals of the ED for disclosures related to measurement uncertainty; how the ED fits in with the joint project with the FASB on Fair Value Measurements; as well as how it compares with current IFRS, the May 2009 ED and US GAAP. Comments are due to the IASB by 7 September 2010.
| ||IASB and FASB focus on high priority projects – June 2010 (Issue 76, Supplement to IFRS outlook) (PDF, English|
The International Accounting Standards Board and US Financial Accounting Standards Board (together, the Boards) have jointly issued a progress report, which includes a modified work plan, on their major projects. The modified work plan focuses on those projects for which the need for improvement of IFRS and US GAAP is the most urgent. For these projects, the targeted completion date of June 2011, set by the G20 leaders at the Pittsburgh Summit in September 2009, has been retained. For other ...
| ||Capital Management in Banking|
Senior executives on capital, risk, and strategy – A report prepared by CFO Research Services in collaboration with EY
| ||Recover, adapt, advance: back to business in an uncertain world|
Dealing with regulatory uncertainty is the number one risk and control challenge facing global banks, according to the majority of senior bank executives surveyed for Recover, advance, adapt: back to business in an uncertain world, the Global Banking & Capital Markets Center's third annual global banking risk survey. Not surprisingly, an overwhelming majority are also anticipating significant cost increases in the next 12 to 24 months in order to manage heightened regulatory requirements ...
| ||Rechnungswesen der Pensionskassen|
Unser Auftrag: Entsprechend Ihren Bedürfnissen übernehmen wir ganz oder teilweise das Rechnungswesen Ihrer Pensionskasse gemäss Swiss Gaap FER 26.
| ||Improvements to IFRSs 2010 – May 2010 (Issue 71, Supplement to IFRS outlook)|
The IASB's Improvements Project is an annual project that provides a mechanism for making necessary, but non-urgent, amendments to standards and the related Basis for Conclusions. This supplement summarizes 11 amendments to six standards and one interpretation, including transitional provisions, that were in the 2009 exposure draft of Improvements to IFRSs. Unless otherwise noted, the proposed effective date for the amendments is for annual periods beginning on or after 1 January 2011.
| ||Employee benefits: significant changes proposed by the IASB – May 2010 (Issue 70, Supplement to IFRS outlook)|
The IASB published a new ED Employee Benefits on 29 April which proposes major changes to the accounting for long-term employee benefits. Chief among the new proposals is the removal of the 'corridor mechanism' that many companies use for accounting for pension obligations to defer actuarial gains and losses. This change would lead to greater volatility in the value of net assets, in turn requiring companies to consider the potential implications for debt covenant ratios and other ratios.
| ||IFRS outlook – May 2010|
Convergence of accounting standards — can the different perspectives ever be reconciled? / Derecognition of financial instruments: the way forward / Financial reporting developments / Resources
| ||IFRS foundation tools|
Our IFRS foundation tools are designed as practical building blocks, which are free to clients and provide a comprehensive basis for clients and our client-service teams to keep up with the changing landscape of IFRS. The tools are updated as of 31 March 2010 and reflect the changes for June 30 and December 31 year-ends.
| ||IFRS update for financial years ending 30 June 2010|
This publication provides an overview of the effective and upcoming changes in IFRS standards and interpretations, highlighting key aspects of these changes. It focuses on the June 2010 year-end, but also considers the effect on the June 2011 year-end and beyond.
| ||IFRS for SMEs: A comparison with IFRS – the basics [nur auf Englisch]|
Following the issue of IFRS for SMEs as a stand-alone standard, we provide a high-level overview and an appraisal of the similarities and key differences between it and full IFRS. In particular, this guide gives an overview of the recognition and measurement differences between IFRS and IFRS for SMEs and the most likely impact of those differences.
| ||Talking SMEs – April 2010 [nur auf Englisch]|
Welcome to the second issue of Talking SMEs, a series of publications that looks at topical issues for SMEs. We consider which entities may apply IFRS for SMEs; some entities will need to use judgment to determine whether they are within the scope of the standard. We also explore in more detail some of the tax compliance and accounting matters that we touched on in the first issue. Finally, we offer an overview of IASB developments as they relate to IFRS for SMEs.
| ||IFRS outlook – April 2010|
New proposals for classifying financial instruments as equity or liability / The Fair Value Measurements standard — a project update / Financial reporting developments / Resources
| ||IASB discussion paper on extractive activities – April 2010 (Issue 69, Supplement to IFRS outlook)|
The lack of comprehensive financial reporting guidance for the minerals and oil and gas industries has led to significant divergence in financial reporting for extractive activities under IFRS. In response, the IASB has published a Discussion Paper (DP) for comment (that was first published in a working draft of the DP in August 2009). The DP presents the results of the research project and contains the views of the project team, which is comprised of staff from the national standard setters ...
| ||Proposals to describe the reporting entity – March 2010 (Issue 68, Supplement to IFRS outlook)|
The IASB and the US FASB recently issued an Exposure Draft entitled Conceptual Framework for Financial Reporting: the Reporting Entity with proposals for the description of a reporting entity. This proposal is welcome given the current lack of a definition of a reporting entity and is expected to be useful to preparers, regulators and auditors. Our supplement summarizes the proposed description of a reporting entity included in the ED, which includes a discussion of what the proposals mean ...
| ||IASB issues complete working draft on proposals to replace IAS 37 - February 2010 (Issue 67, Supplement to IFRS outlook)|
In January 2010, the IASB published for comment a revised exposure draft of the measurement section of the replacement for IAS 37 Provisions, Contingent Liabilities and Contingent Assets. As part of the replacement project, the IASB has issued a working draft of the full standard (including the scope, recognition, measurement and disclosure sections) to enable interested parties to see the revised measurement guidance in the context of the proposed new IFRS as a whole. This supplement ...
| ||IFRS outlook – March 2010|
SEC reaffirms US commitment to IFRS / Investment companies — consolidate or measure at fair value? / The effective date of IFRIC 18 for European entities / Rate-regulated activities — where to next? / Financial reporting developments / Resources
| ||Amendments to financial instrument disclosure exemptions – February 2010 (Issue 66, Supplement to IFRS outlook)|
The IASB has amended the transitional provisions of the March 2009 amendments to IFRS 7 to clarify its conclusions on the relief available from providing comparative disclosure information while at the same time making this relief available to first-time adopters of IFRS. These changes will benefit both existing IFRS reporters that present more than one comparative period and interim statements in the year following their initial application of the amendments and first-time adopters.
| ||IFRS outlook – February 2010|
Improving disclosures in financial reporting – an analyst’s perspective / IFRS adoption update / Financial reporting developments / Resources
| ||Proposals to change the measurement of non-financial liabilities – January 2010 (Issue 65, Supplement to IFRS outlook)|
The IASB has issued a new exposure draft re-exposing its proposals for measuring a non-financial liability. The first ED was issued by the IASB in 2005, and when finalized will replace IAS 37 Provisions, Contingent Consideration and Contingent Assets. This new ED specifically proposes to clarify how a non-financial liability is measured - which will depend largely on whether or not the obligation can be transferred or cancelled. This supplement summarizes the proposals in this ED and its ...
| ||Negotiation series: Earn-out arrangements in a business combination – impact of the revised IFRS 3 – January 2010|
This publication looks at the business implications of the revised standard on accounting for earn-out arrangements. Earn-out arrangements will be classified as either remuneration expenses or contingent consideration. In this publication we look at: the nature of earn-out arrangements; how to classify the arrangement as remuneration or contingent consideration; how contingent consideration is to be accounted for. It also provides examples of the impact of the revised accounting and ...
| ||IFRS outlook – January 2010|
Status of IFRS in the United States / Status update — revenue recognition project / Financial reporting developments / Resources
| ||Good Investment Fund Limited|
International GAAP®: Illustrative financial statements of a fund whose puttable shares are classed as equity instrumentsfor the year ended 31 December 2009. Based on International Financial Reporting Standards in issue at 30 September 2009
| ||IFRS outlook – December 2009|
G-20 and the principles for sound compensation – accounting implications for cash bonus arrangements / The path of ‘leased’ resistance / Financial reporting developments / Resources
| ||Prepayments of a minimum funding requirement – amendments to IFRIC 14 – November 2009 (Issue 64, Supplement to IFRS outlook)|
This issue summarizes the IASB's amendment to correct an unintended consequence of IFRIC 14 IAS 19 The Limit on a Defined Benefit Asset, Minimum Funding Requirements and Their Interaction. The requirements of IFRIC 14 meant that some entities that were subject to minimum funding requirements could not treat any surplus in a defined benefit pension plan as an economic benefit. This amendment will allow these entities to recognize a prepayment of pension contributions as an asset rather than ...
| ||New proposals for financial instruments at amortized cost – November 2009 (Issue 61, Supplement to IFRS outlook)|
The IASB has reached another key milestone of its comprehensive project to replace IAS 39 Financial Instruments: Recognition and Measurement, with the publication of a new Exposure Draft. The ED proposes a new impairment methodology, based on expected credit losses and expected cash flows, for all financial assets measured at amortized cost. It also proposes new guidance on the use of the effective interest rate, which would apply to both financial assets and financial liabilities. In this ...
| ||Talking SMEs – November 2009 [nur auf Englisch]|
We are pleased to present a new series called Talking SMEs. The IASB's aim in developing IFRS for SMEs for small and medium-sized entities was to create a standard that met the needs of entities that do not have public accountability. One in particular, was to lighten the onerous burden of reporting under full IFRS. At the same time, the standard offers an internationally recognized common reporting language for entities that meet the definition of an SME.
| ||Classification of financial instruments within the IFRS 7 fair value hierarchy|
As part of its commitment to enhance disclosure requirements in the present market climate, the IASB made amendments to IFRS 7 Financial Instruments: Disclosures, applicable for annual periods beginning on or after 1 January 2009. For many entities, these disclosures will be required for the first time for years ending on 31 December 2009. The amendments are intended to enhance disclosures about liquidity risk and fair value measurement, including the classification of financial instruments ...
| ||Related party disclosures - Amendments to IAS 24 – November 2009 (Issue 59, Supplement to IFRS outlook)|
The IASB has issued a revised version of IAS 24 Related Party Disclosures that clarifies and simplifies the definition of a related party. The revised standard also provides some relief for government-related entities (as defined in the amended standard) to disclose details of all transactions with other government-related entities (as well as with the government itself). In this supplement, we summarize the changes to IAS 24 and highlight the potential implications for businesses.
| ||IFRS outlook – November 2009|
G-20 and the principles for sound compensation — accounting implications for sharebased payment transactions / Fair value measurement — EY views / Preparing for 2009 year-end reporting under IFRS / Financial reporting developments / Resources
| ||Classification of rights issues denominated in a foreign currency – October 2009 (Issue 58, Supplement to IFRS outlook)|
The IASB’s recent amendment to IAS 32 Financial Instruments: Presentation provides relief to entities that issue rights in a currency other than their functional currency, from treating the rights as derivatives with fair value changes recorded in profit or loss. Such rights will now be classified as equity instruments when certain conditions are met. Application of the amendment is retrospective and will result in the reversal of profits or losses previously recognized. This supplement ...
| ||IFRS outlook – October 2009|
The changing landscape of IFRS – an interview with EY's leadership / Accounting for financial instruments – keeping pace with the changes / Debt modification and extinguishment: how modifying a company’s debt affects financial reporting / Financial reporting developments / Resources
| ||IFRS outlook – September 2009|
Proposed new tax accounting standard — a missed opportunity? / Capitalisation of borrowing costs – distinction between general and specific borrowings / Resources
| ||Accounting for investment property under construction (IPUC) – a practical guide|
In May 2008, the IASB, as part of its annual improvements process, approved amendments that brought IPUC into the scope of IAS 40 for annual periods beginning on or after 1 January 2009 and required entities reporting under IFRS to re-classify IPUC from IAS 16 to IAS 40. This publication provides practical guidance on the implementation of amendments to IAS 40 and the relevant illustrative financial statement disclosures.
| ||IFRS outlook – August 2009|
Ways to move forward from the financial crisis / Proposed lease accounting model — a step too soon? / Requirements for a third balance sheet in IFRS financial statements / Financial reporting developments / Resources
| ||Proposals for accounting for rate-regulated activities – July 2009 (Issue 53, Supplement to IFRS outlook)|
The IASB has published an Exposure Draft of its proposals for accounting for rateregulated activities in response to several requests for clear guidance. This supplement considers the scope of the proposed guidance and the impact for businesses, particularly for those countries that are in the process of converting to IFRS where accounting for the effect of rate regulation is already in place for some sectors. Comments are due by 20 November 2009.
| ||Amendments to IFRS 1 – July 2009 (Issue 52, Supplement to IFRS outlook)|
The IASB has issued Amendments to IFRS 1 - Additional Exemptions for First-time Adopters- providing additional relief for some entities applying IFRS for the first time, in particular: 1) the measurement of oil and gas assets for entities using the "full cost accounting method" under local GAAP; and 2) the assessment of leasing contracts in accordance with IFRIC 4. This supplement summarizes the proposals and their impact on businesses.
| ||New proposals from the IASB to account for financial instruments – July 2009 (Issue 51, Supplement to IFRS outlook)|
The first phase of the comprehensive project to replace IAS 39 Financial Instrument: Recognition and Measurement has reached a key milestone - the publication of the Exposure Draft (ED) on Financial Instruments: Classification and Measurement. In this supplement, we summarize the key proposals set out in the ED and their likely impact on businesses. The proposals to have only two measurement categories (fair value and amortized cost) are in line with the IASB's aim of reducing the complexity ...
| ||IFRS for SMEs – July 2009 (Issue 49, Supplement to IFRS outlook)|
The IASB has issued its standard - IFRS for SMEs - which contains a number of significant changes to some of the proposals that were made in the Exposure Draft. This supplement contains a summary of the IFRS for SMEs, its scope, key areas where options in full IFRS have been removed and key areas where the accounting for SMEs differs to full IFRS. For smaller entities, the standard is expected to reduce compliance costs and simplify the financial statements. However, they will need to ...
| ||Proposed guidance for management commentary – July 2009 (Issue 48, Supplement to IFRS outlook)|
This supplement considers the key proposals outlined in a new Exposure Draft (ED) issued by the IASB on non-binding guidance for preparing management commentary that should improve the consistency and comparability of management commentary across jurisdictions. This is more important than ever in today's uncertain financial climate, because it contributes to good corporate governance as well as quality financial reporting that explains an entity's financial performance relative to ...
| ||IASB seeks input on a new impairment model – July 2009 (Issue 47, Supplement to IFRS outlook)|
The IASB has issued a Request for Information on the feasibility of an expected cash flow approach to impairment of financial assets as part of its project to replace IAS 39. The adoption of the expected cash flow approach should help to reduce some of the complexity of the current approach under IAS 39, but businesses may face a significant challenge in adapting their processes and information systems to obtain relevant cash flow information. This supplement summarizes the key aspects of ...
| ||IASB issues Discussion Paper on 'own credit risk' – July 2009 (Issue 46, Supplement to IFRS outlook)|
The IASB has recently published a Discussion Paper on the role of an entity's own credit risk in liability measurement, often referred to as 'own credit risk'. The scope of the DP seems to be financial and non-financial liabilities measured on a current measurement basis (including fair value). In this Supplement, we summarize the arguments presented by the IASB for and against including own credit risk and also highlight some of the potential implications. Constituents need to consider ...
| ||IFRS outlook – July 2009|
Responding to the financial crisis / Private equity funds – accounting for investments / Borrowing costs and the role of foreign currendy exchange gains or losses / Financial reporting developments / Resources
| ||Group cash-settled share-based payment transactions – June 2009 (Issue 45, Supplement to IFRS outlook)|
In an effort to provide guidance on the accounting for cash-settled share-based payment transactions, the IASB recently amended the definitions in IFRS 2 for transactions and arrangements, and the scope of the standard. In this supplement, we consider the effect of these changes and include illustrations of the potential impact of different arrangements for subsidiaries and parents. Businesses need to consider the potential tax accounting consequences of these amendments and the impact on ...
| ||IFRS outlook – June 2009|
What is going on with financial instruments? / Equity accounting: a time for change? / Financial reporting developments / Resources
| ||ED Fair value measurement - proposals for a new standard – June 2009 (issue 43, Supplement to IFRS outlook)|
In response to issues that arise when assets, liabilities and equity instruments are measured at fair value, the IASB has issued an Exposure Draft proposing a single consistent definition of fair value; the establishment of a single framework for measuring fair value; and extends disclosures required when fair value information is disclosed or used as a measurement method. The proposals are likely to result in companies having to make changes to their information systems to accommodate the ...
| ||IASB tentative decisions on IAS 39 - May 2009 (Issue 42, Supplement to IFRS outlook)|
The IASB has adopted a working premise to use a two-category approach to measure financial instruments at either: (a) fair value; or (b) amortised cost. Under this approach, the Board expects to retain a fair value option, prohibit reclassifications between the two categories, eliminate 'tainting' rules, and for certain instruments, allow presentation of fair value changes in other comprehensive income. A new Exposure Draft containing these proposals is expected in July 2009, with the final ...
| ||Improvements to IFRSs – May 2009 (Issue 40, Supplement to IFRS outlook)|
This publication summarises the IASB's second omnibus of amendments to its standards and the related Basis for Conclusions. The Improvements Project is an annual project that provides a mechanism for making necessary but non-urgent amendments. This document contains 15 amendments to 12 standards which result from the proposals that were contained in Exposure Drafts issued by the IASB.
| ||IASB conclusions on the FASB FSPs and plans to replace IAS 39 – May 2009 (Issue 39, Supplement to IFRS outlook)|
In line with its stated intention to reduce the complexity of accounting standards for financial instruments and to address issues arising from the financial crisis, the IASB has released a timetable for a comprehensive and urgent review of IAS 39 and to publish proposals within six months. The IASB has responded to the FASB's FSPs as follows: on fair value measurement, it has confirmed that the FSP is consistent with the existing guidance in IFRS and for the avoidance of doubt, ...
| ||IFRS outlook – May 2009|
Consolidations – do the proposed amendments really make things better? / Financial statement presentation – a step forward? / Financial reporting developments / Resources
| ||IFRS outlook – April 2009|
Is there a future for rate regulated assets and liabilities under IFRS? / Convertible instruments – why you should look at anti-dilution provisions / Financial reporting developments / Resources
| ||Leases project preliminary views – March 2009 (Issue 35, Supplement to IFRS outlook)|
This supplement summarizes the proposals in the Discussion Paper Leases, issued by both the IASB and FASB. This DP is the output of a joint project to develop a common lease accounting standard to ensure that the assets and liabilities arising from lease contracts are recognized in the statement of financial position. Under the proposed new model, which would eliminate operating leases, lessees would record an asset representing their right to use the leased asset during the term of the ...
| ||Embedded Derivatives: Amendments to IFRIC 9 and IAS 39 – March 2009 (Issue 32, Supplement to IFRS outlook)|
The IASB has just published Embedded Derivatives: Amendments to IFRIC 9 and IAS 39. Entities must assess whether to separate an embedded derivative from a host contract in the case where the entity reclassifies a hybrid financial asset out of the fair value through profit or loss category. The amendments to IFRIC 9 require an assessment to be made either when the entity first became party to the contract or when a change in the terms of the contract significantly modifies expected cash flows.
| ||Amendments to IFRS 7 – March 2009 (Issue 31, Supplement to IFRS outlook)|
The IASB has now finalised the amendments to IFRS 7 that are intended to enhance the disclosures for fair value measurement and liquidity risk. Entities will be required to use a 3- level hierarchy of disclosures for financial instruments recorded at fair value. Businesses will need to carefully consider whether they need to modify their management information systems and internal controls to capture both the quantitative and qualitative disclosures required by the amendments.
| ||IFRS outlook – March 2009|
IFRS for non-publicly accountable entities: much more than a change of name / IFRS 3R: avoiding the transition traps / Financial reporting developments / Resources
| ||Proposed amendments to IFRIC 9 and IFRIC 16 – February 2009 (Issue 30, Supplement to IFRS outlook)|
The IASB has issued an ED proposing amendments to IFRIC 9 - revising the scope to exclude business combinations between entities under common control and the formation of joint ventures and IFRIC 16 - allowing, in a hedge of a net investment in a foreign operation, the qualifying hedging instruments to be held by any entity or entities within the group, including the foreign operation itself, provided that all of the requirements of IAS 39 Financial Instruments: Recognition and Measurement ...
| ||IFRS outlook – February 2009|
Financial reporting in times of uncertainty / Goodwill disclosures under the microscope / Financial reporting developments / Resources
| ||Transfers of assets from customers – February 2009 (Issue 29, Supplement to IFRS outlook)|
The transfers of assets from customers to entities in sectors such as telecoms and utilities has resulted in diversity in the accounting methods used. This has led the IFRIC to issue Interpretation IFRIC 18 Transfers of Assets from Customers, providing guidance on when and how to recognise such assets. Entities will need to carefully analyse all the facts and circumstances to assess whether they actually control the assets in question and whether they need to make changes to their revenue ...
| ||IFRS outlook – January 2009|
What is next for the IASB’s extractive activities project? / Revenue recognition - a new approach / Financial reporting developments / Resources
| ||Consolidated financial statements – December 2008 (Issue 26, Supplement to IFRS outlook)|
The IASB recently issued an Exposure Draft (ED) on consolidated financial statements that would replace IAS 27 and SIC-12. The proposals contained in the ED will require entities holding investments to exercise greater judgement imposed by a new definition of control of an entity and to introduce additional procedures to make the necessary assessments, respond to changes in circumstances and to make the additional disclosures - particularly for involvement with 'Structured Entities'.
| ||IFRS outlook – December 2008|
The impact of the credit crisis on share-based payment awards / What is a business unter IFRS 3 revised? / Financial reporting developments / Resources
| ||Beyond – November 2008|
Mastering Uncertainty: Konjunktur | Wirtschaftszyklus | Lifestyle of Health and Sustainability | Umgang mit Ressourcen / Interviews mit: Philip Mosimann, Bucher Industries AG | Jürg Witmer, Givaudan | Roman Kurmann, Clariden Leu
| ||IFRS–Survey 2008|
IFRS aus Anwendersicht – Was es für eine effiziente Umsetzung braucht
| ||US SEC Roadmap – November 2008 (Issue 20, Supplement to IFRS outlook)|
On 14 November 2008, the SEC issued its long-awaited proposed Roadmap for the potential use of IFRS by US issuers. The SEC’s proposal may well influence decisions made by the IASB and its parent organization, the International Accounting Standards Committee Foundation and, therefore, affect entities outside the US as well. The proposed Roadmap is the most significant step the SEC has taken towards adopting a single set of high-quality global accounting and financial reporting standards. We ...
| ||IFRS outlook – November 2008|
The road ahead for pension accounting / Easier said than done. selecting an appropriate measurement basis for insurance / Reducing complexity in reporting financial instruments / Financial reporting developments / Resources
| ||Reclassification of financial assets – October 2008 (Issue 16, Supplement to IFRS Outlook)|
This issue provides an overview of the amendments to IAS 39 Financial Instruments: Recognition and Measurement and IFRS 7 Financial Instruments: Disclosures which allows reclassification of certain financial instruments from held for trading to either held to maturity, loans and receivables or available for sale categories under certain circumstances. In addition, it contains a preliminary analysis of some of the considerations when applying the amendment.
| ||IFRS outlook – October 2008|
The accounting profession responds to the credit crisis / Testing for impairment during financial crises and recession / Distributor arrangements / Financial reporting developments / Resources
| ||Kollektive Kapitalanlagen – Gesetzgebung und Publikationen|
Aktualisierte und erweiterte Auflage der Ernst & Youngshort Broschüre zu den kollektiven Kapitalanlagen / Inhalt: Kollektivanlagengesetz (KAG) und -verordnungen sowie ausgewählte Rundschreiben der Eidgenössischen Bankenkommission (EBK) und Richtlinien der Swiss Funds Association (SFA), inklusive Stichwortverzeichnis
| ||IFRS outlook – September 2008|
Feature: SEC roadmap / Technical focus: Post-employment benefits – views on proposed amendments; Guidance on the fair value of financial instruments in markets that are no longer acitve / Upcoming Comment Letters / Resources
| ||IFRS in the banking industry|
This publication provides an analysis of the disclosures made in the first year of mandatory adoption of IFRS 7 Financial Instruments: Disclosures, by the 24 largest European banks. We set out examples of the disclosures given and comment on the practical difficulties involved in preparing and interpreting this information.
| ||IFRS 7 in the insurance industry [nur auf Englisch]|
EY has published "IFRS 7 in the insurance industry," which examines how IFRS 7 Financial Instruments has been applied in the insurance industry, highlighting challenges faced by insurance companies in applying the standard and drawing comparisons between them. The report is based on an analysis of the IFRS 7-specific disclosures in the annual financial statements of 16 of the largest insurers reporting under IFRS.
| ||IFRS outlook – July 2008|
Executive Summary / Interview: IFRS from an analyst's perspective / Technical focus: Financial instruments with characteristics of equity / Financial reporting developments / Resources
| ||IFRIC 15 – Agreements for the Construction of Real Estate – July 2008 (Issue 10, Supplement to IFRS Outlook)|
This publication summarizes an interpretation which addresses the divergence in construction of real estate accounting treatment and clarifies when and how revenue and related expenses from the sale of a real estate unit should be recognized if an agreement between a developer and a buyer is reached before the construction of the real estate is completed. Furthermore, the interpretation provides guidance on how to determine whether an agreement is within the scope of IAS 11 or IAS 18.
| ||IFRIC 16 Hedges of a Net Investment in a Foreign Operation – July 2008 (Issue 9, Supplement to IFRS Outlook)|
This publication summarizes an interpretation which provides guidance on identifying the foreign currency risks that qualify for hedge accounting in the hedge of a net investment; where within the group the hedging instrument(s) can be held in the hedge of a net investment; and how an entity should determine the amount of foreign currency gain or loss, relating to both the net investment and the hedging instrument, to be recycled on disposal of the net investment.
| ||IFRS outlook – June 2008|
Executive summary / Featured article: Getting ready for IFRS / Technical focus: Employee terminations — cancellation or forfeiture? / Financial reporting developments / Resources
| ||Reducing complexity in reporting financial instruments|
On 19 March 2008, the International Accounting Standards Board (IASB or Board) issued a Discussion Paper (DP) Reducing Complexity in Reporting Financial Instruments which explores possibilities for the replacement of IAS 39 Financial Instruments: Recognition and Measurement and its equivalent US GAAP guidance.
| ||Good Group (International) Limited – Interim Statements 30 June 2008|
The interim condensed consolidated financial statements for a fictitious company based in "Euroland", a fictititous country in Europe, and reporting in Euros. The financial statements incorporate all IFRS in issue at 31 March 2008, and are in accordance with IAS 34 Interim Financial Reporting.
| ||The Future of Risk Management and Internal Control|
In today's business environment, the overall profile of risk management and internal controls has increased, resulting in greater responsibilities for those who manage enterprise risk. As such, executive management and board members have higher expectations for the oversight and management of their key business risk, and how risk and control efforts support overall business performance.
| ||Liabilities and equity – April 2008 (Issue 2, Supplement to IFRS Outlook)|
0n 28 February 2008, the International Accounting Standards Board (IASB) issued a Discussion Paper comprising the Financial Accounting Standards Board (FASB) Preliminary Views Financial Instruments with Characteristics of Equity document and an Invitation to Comment. The Disscussion Paper seeks to simplify and improve financial reporting for financial instruments with characteristics of equity.
| ||IFRS outlook – April 2008|
Executive summary / Featured article: Update on SEC activities and IFRS in the US / Interview with Paul Ebling: The challenges facing EFRAG in today's changing environment / Technical focus: Certified emission reductions – how should they be accounted for? / IASB highlights / IFRIC highlights / Resources
| ||Good Group (International) Limited|
Muster-Konzernabschluss nach IFRS (Auf Grundlage der bis zum 31. August 2007 vom IASB/IFRIC veröffentlichten Standards und Interpretationen)
| ||Global EYe on IFRS – February 2008|
Executive summary / Interview with Sir David Tweedie: What are the forthcoming challenges for the IASB and IFRS? / Featured article: Accounting for joint arrangements – proposed changes / Technical focus: Contingent consideration – when is it compensation for future services? / IASB highlights / IFRIC highlights / Resources
| ||Entity Level Controls|
Strengthening Internal Control Through More Effective and Efficient Entity-Level Controls
| ||Global EYe on IFRS, December 2007|
Executive Summary / Feature article: Revenue Recognition / Interview: IFRS: As application of IFRS continues to grow, what challenges lie ahead? / Technical Focus: Financial Guarantee Arrangements - have you got the accounting right? - IASB highlights / Resources
| ||U.S. GAAP v. IFRS: The Basics|
A new guide which summarizes the similarities and differences between US GAAP and IFRS. Its purpose is to increase IFRS awareness and to prepare for the time at which US companies potentially will be given the option, or will be required, to convert their financial reporting from US GAAP to IFRS
| ||Global EYe on IFRS, October 2007|
Executive summary / Feature article: The SEC proposal to eliminate the reconciliation of IFRS to US GAAP / Interview: Real estate sales: the end of construction contract accounting? / Technical focus: FASB and IASB joint project on lease accounting; IASB highlights / Resources
| ||Developments in IFRS for financial instruments|
This newsletter summarises the main discussions and conclusions reached concerning financial instruments at the June and July 2007 meetings of the International Accounting Standards Board (IASB or Board), as well as the July 2007 meeting of the International Financial Reporting Interpretations Committee (IFRIC or Committee).
| ||Global EYe on IFRS, August 2007|
Feature article: Principles-based standards – are they the way forward? / Interview: Update on the IASB/FASB measurement project / Technical focus: A missed opportunity; IASB highlights / Resources
| ||Developments in IFRS for financial instruments – Issue 25, June 2007|
This newsletter summarises the main discussions and conclusions reached concerning financial instruments as the February, March, April and May 2007 meetings of the International Accounting Standards Board (IASB or Board) as well as the March and May 2007 meetings of the International Financial Reporting Interpretations Committee (IFRIC or Committee). It also reports on other developments in the reporting of financial instruments under International Financial Reporting Standards (IFRS).
| ||Global EYe on IFRS, June 2007|
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
| ||Towards Convergence: A Survey of IFRS to US GAAP Differences [nur auf Englisch]|
As companies file their IFRS to US GAAP reconciliations for the first time, we survey the information from 130 of the world’s largest companies. We identify and analyze almost 200 reported IFRS to US GAAP differences, discuss the IFRS first-time adoption rules and pay close attention to the situation in the air transport, chemicals, financial services, mining, oil and gas, pharmaceuticals, telecoms, and utilities industries.
| ||Global EYe on IFRS, March 2007|
Executive summary / Feature article: Financial statement presentation – the future / Interview: The EFRAG and its role in Europe /Technical focus: Are all the proposed changes really necessary? / IASB highlights / Resources
| ||Good Insurance (International) Limited (fictitious insurance company) [nur auf Englisch]|
The 2006 International GAAP® Illustrative Financial Statements publications include the consolidated fictitious financial statements incorporating all IFRS in issue at 30 June 2006. The financial statements are cross referenced to the source authoritative literature and include explanatory notes, and they illustrate how IFRS accounts will be presented for the year ending 31 December 2006. Please note that the model accounts are illustrative and do not show all possible accounting and ...
| ||Global EYe on IFRS, Februar 2007 (Deutsche Ausgabe)|
Newsflash zum IASB und zu aktuellen Entwicklungen in der Europäischen Union und in Deutschland / Das Ziel: ein überarbeitetes Rahmenkonzept / Die IOSCO – was steckt dahinter? / Im Blickpunkt – Puts und Forwards, die von Minderheiten gehalten werden / IFRS Update – Informationen zum Jahresende 2006 / EY Veranstaltungen zu IFRS / Veröffentlichungen von EY und Links / Ihre Kontaktpartner in Deutschland, Österreich und der Schweiz
| ||Global EYe on IFRS, January 2007|
Executive summary / Feature article: The quest for a revised conceptual framework / Interview: What is happening at IOSCO? / Technical focus: Puts and forwards held by minority interests; IASB highlights / 2006 Year-end IFRS update / Resources
| ||IFRS Update – Informationen zum Jahresende 2006|
Diese Publikation enthält eine Zusammenfassung der Änderungen der International Financial Reporting Standards (IFRS), die von Unternehmen in ihrem Abschluss zum 31. Dezember 2006 anzuwenden sind. Des Weiteren bietet die Broschüre einen Überblick über solche Änderungen, die in zukünftigen Berichtsperioden wirksam werden. Eine frühere Anwendung ist jedoch zulässig und wird in bestimmten Fällen sogar empfohlen. Diese Änderungen werden in den folgenden Kapiteln dargestellt:
| ||Swiss Solvency Test – Eine Herausforderung auf vielen Ebenen|
Deregulierung, Expansion und Internationalisierung des Geschäfts, neue Produkte und schliesslich einbrechende Kapitalmarkterträge haben in den vergangenen Jahren ein neues Geschäftsumfeld für Versicherungsunternehmen geschaffen. Einerseits hat dies Versicherungsunternehmen mehr Freiheit und Eigenständigkeit und damit neue Chancen gebracht. Andererseits sind jedoch auch Herausforderungen und Eigenverantwortung gewachsen. Auch hat nach dem Wegfallen der hohen Kapitalmarktrenditen eine neue ...
| ||Hedge Funds – Potenzial richtig nutzen als institutioneller Anleger|
Während sich Hedge Funds unter privaten Anlegern in den letzten Jahren vermehrt zu etablieren vermochten, erwiesen sich institutionelle Anleger im Schweizer Markt im internationalen Vergleich zurückhaltend gegenüber dieser Anlageklasse. Jüngste Studien sowie die Praxis zeigen jedoch deutlich, dass diese alternativen Anlageformen auch im Schweizer Markt für institutionelle Investoren unaufhaltsam an Bedeutung gewinnen. Das liegt unter anderem daran, dass Hedge Funds trotz aller Vorbehalte ...
| ||IFRS Insurance Reporting - Beyond Transition|
The implementation of IFRS has been a success around the world, but considerable work is still needed to improve the transparency and comparability of insurance company financial statements. For many, the 'black box' of insurance accounting remains. The attached report contains recommendations to improve this situation in the short to medium term.
| ||Global EYe on IFRS, Dezember 2006 (Deutsche Ausgabe)|
Newsflash zum IASB und zu aktuellen Entwicklungen in der Europäischen Union / Arbeitsweise des IFRIC (Due Process) / Die Funktion der IASC Foundation und ihrer Treuhänder / Im Blickpunkt – Rechnungslegungsstandards für kleine und mittlere Unternehmen (KMU) / Branchenspezifische IFRS-Roundtables / Veröffentlichungen von EY und Links / Ihre Kontaktpartner in der Schweiz
| ||Beyond: Ausgabe Dezember 2006|
Interviews mit: Monika Ribar, CEO Panalpina; Franziska Tschudi, ICOR Holding AG / Transparenz: Internationale Rechnungslegung; Vermögensverwaltung; Regulierung in der Finanzbranche; Steuerrecht
| ||IFRS Phase II Insurance Accounting [nur auf Englisch]|
The Global IFRS Insurance Working Group has issued a thought leadership paper comparing the principles that have been debated at the IASB with views that have been expressed by a group of European insurance industry representatives (the CFO Forum) and the International Association of Insurance Supervisors (IAIS). The paper notes that although there are many areas of consensus, there are some important areas of difference. It also contains a summary of some high level business implications ...
| ||Global EYe on IFRS, November 2006|
Executive summary / Feature article: IFRIC due process / Interview: The role of the IASC Foundation and Its Trustees / Technical focus: Accounting standards for small and medium-sized entities; IASB highlights / IFRS roundtables / Resources /Contacts
| ||China Boardroom Briefing|
Comparison of the New Chinese Accounting Standards with Current PRC GAAP (Special Edition on the New Chinese Accounting Standards, No. 2)
| ||Global EYe on IFRS, Oktober 2006 (Deutsche Ausgabe)|
Newsflash zum IASB und zu aktuellen Entwicklungen in der Europäischen Union / Studie zur Berichterstattung nach IFRS / Interview: Die wesentlichen Auswirkungen der IFRS auf Unternehmen der pharmazeutischen Industrie / Branchenspezifische IFRS-Roundtables / Das Leasingverhälnis, von dem Sie bislang noch nichts wussten / Veröffentlichungen von EY und Links / Ihre Kontaktpartner in der Schweiz
| ||The impact of IFRS on European banks – 2005 Reporting|
EY has published "The Impact of IFRS on European Banks," which analyses the 2005 annual financial statements of the 24 largest European banks reporting under IFRS and summarises the primary implications of the transition to IFRS. The information upon which this analysis is based is derived exclusively from published financial statements as at 18 May 2006.
| ||Illustrative Financial Statements - Prepared under International GAAP (2006)|
This edition contains the consolidated financial statements of a fictitious company, Good Group (International) Limited, a manufacturing company with subsidiaries (‘the Group‘), incorporated and listed in Euroland, with a reporting date of 31 December. Euroland is a fictitious country within Europe, whose currency is euros. The functional currency of the parent and the presentation currency of the Group is euros. The standards applied in the financial statements are those that were in issue ...
| ||Global EYe on IFRS, September 2006|
Featured article: IFRS reporting survey / Interview: The implications of IFRS in the pharmaceutical industry / Industry-focused IFRS roundtables / Technical focus: The lease that may be hiding in your cupboard; IASB highlights / Resources / Contacts
| ||Observations on the Implementation of IFRS|
EY has published the findings of its survey of how 65 of the world's largest companies used IFRS to prepare their 2005 financial statements. The report looks at the way companies have addressed the most complex accounting areas under IFRS, and also the way in which leading companies have dealt with issues specific to their industries. The report sets out some of the themes relating to IFRS that emerged from the study and expresses concerns about the increasing complexity of ...
| ||Global EYe on IFRS, August 2006 (Deutsche Ausgabe)|
Inhaltsübersicht / Newsflash zum IASB und zu aktuellen Entwicklungen in der Europäischen Union / Bewertung beim erstmaligen Ansatz – Der Kommentar von EY zum Diskussionspapier des IASB / Interview: Der Standards Advisory Council des IASB / Im Blickpunkt: IFRS 7 Finanzinstrumente: Angaben / Veröffentlichungen von EY und Links / Ihre Kontaktpartner in der Schweiz
| ||Beyond: Ausgabe Juli 2006|
Unterm Strich: Was bringen die neuen Pflichten? - Interviews mit: Martin Huber, Georg Fischer; Prof. Dr. Hans Peter Wehrli, Universität Zürich; Roger Merlo, Implenia / Neue «Rules & Regulations»: Internationale Rechnungslegung; Unternehmenssteuern; Interne Kontrolle
| ||Global EYe on IFRS, July 2006|
Executive summary / Featured article: Measurement bases on initial recognition / Interview: The Standard Advisory Council of the IASB / Technical focus: IFRS 7 Financial Instruments: Disclosures / IASB highlights / Resources / Contacts
| ||Starke interne Kontrolle stiftet Nutzen|
Das eidgenössische Parlament hat im Dezember 2005 das neue Revisionsaufsichtsgesetz und die entsprechenden Änderungen des Obligationenrechts verabschiedet. Diese werden den Druck auf Unternehmen verstärken, ihr internes Kontrollsystem zu formalisieren und, wo nötig, zu verbessern. Unternehmern stellt sich die Frage, wie sie die neuen Bestimmungen möglichst nutzbringend umsetzen können, damit diese nicht nur einen zusätzlichen Kostenfaktor darstellen.
| ||Global EYe on IFRS, Juni 2006 (Deutsche Ausgabe)|
Newsflash zum IASB und zu aktuellen Entwicklungen in der Europäischen Union / IASB – Diskussionspapier zum „Management Commentary“ (Lageberichterstattung) / Interview: Die wesentlichen Auswirkungen der IFRS auf die Investmentbranche / Im Blickpunkt: Vollständige Erfassung von Deckungslücken bei Pensionsplänen: Eine Frage der Zeit? - Veröffentlichungen von EY und Links / 5. IFRS Kongress Berlin / Ihre Kontaktpartner in der Schweiz
| ||9th Global Fraud Survey: Fraud risk in emerging markets [nur auf Englisch]]|
Some key findings: Robust internal controls remain the first line of defense against fraud for companies in all markets, but anti-fraud controls are not always integrated under an anti-fraud program or separately monitored for operating effectiveness / Even companies that have anti-fraud programs could benefit from making these programs more comprehensive and extending them to all foreign operations / Developed country respondents are more likely to have suffered significant fraud at home or ...
| ||Global EYe on IFRS, May 2006|
Executive summary / Featured article: IASB-management commentary discussion paper / Interview: The implications of IFRS for the investment management industry / Technical focus: Full recognition of pension deficits: a matter of time? - IASB highlights / Resources / Contacts
| ||Good Group (International) Limited - Illustrative Interim Condensed Financial Statements|
This publication contains the interim condensed consolidated financial statements of a fictitious manufacturing company with subsidiaries incorporated and listed in a fictitious European country, with a financial year end of 31 December. A commentary following the statements illustrates the significant IAS 34 requirements. Based on International Financial Reporting Standards in issue at 31 March 2006.
| ||Global EYe on IFRS, April 2006 (Deutsche Ausgabe)|
Im Blickpunkt: Newsflash zum IASB und zu aktuellen Entwicklungen in der Europäischen Union / Konvergenz – warum die Eile? / Im Blickpunkt: Unterschiedliche Bilanzierungsansätze verbinden – die IFRS-Umstellung aus Sicht der Immobilienbranche / Interview: IFRS aus Analystensicht / Im Blickpunkt: Veröffentlichungen von EY und Links / Ihre Kontaktpartner in der Schweiz
| ||IFRS 2 share-based payment – The Essential Guide|
Share-based payment (including stock option compensation) is a critical issue for company executives, entrepreneurs, employees, and directors. This publication aims to provide a high-level overview of IFRS 2 "Share-based Payment", in addition to examining whether certain transactions fall within the scope of IFRS 2 and require the standard to be applied and ultimately recognised by the entity as an expense. This publication also examines at a high level the issues to consider when ...
| ||Global EYe on IFRS, March 2006|
Featured article: Convergence – why rush? / Interview: IFRS from an analyst's perspective / Technical Focus: Managing a mixed accounting model – the challenges faced by the real estate industry in applying IFRS / IASB highlights / Resources / Contacts
| ||IFRS 7 Financial Instruments [nur auf Englisch]|
This publication provides an overview of IFRS 7 Financial Instruments: Disclosures (IFRS 7 or the Standard) in addition to discussing the main differences compared to the existing disclosure requirements for financial instruments. A comprehensive comparison between IFRS 7 and existing disclosure requirements is presented as an Appendix to this publication.
| ||Global EYe on IFRS, Februar 2006 (Deutsche Ausgabe)|
Inhaltsübersicht / Im Blickpunkt: Newsflash zum IASB, zu aktuellen Entwicklungen in der Europäischen Union und in Deutschland / How fair is fair value? / Interview: Die wesentlichen Auswirkungen der IFRS auf Unternehmen der Versorgungswirtschaft / Im Blickpunkt: Funktionale Währung und die Auswirkungen der jüngsten Änderungen des IASB zu IAS / Veröffentlichungen von EY und Links
| ||IFRS - The Implications for the Building Materials Sector|
A summary and analysis of the impact of first time adoption of IFRS on the building materials industry; an article on emission rights; an article on IFRS 3 Business Combinations that examines some of the key issues and how they impact the sector in practice; IFRS from an analyst's perspective.
| ||Global EYe on IFRS, January 2006|
Executive summary / Featured article: How fair is fair value? / Interview: The Implications of IFRS for the utilities industry / Technical focus: Functional currency and the impact of the IASB's recent amendments to IAS 21; IASB highlights / Rescources / Contacts
| ||IFRS News, Januar 2006|
Die Position von EY zu den IASB- und FASB-Standard-Entwürfen «Business Combinations» und «Konsolidierung»
| ||Converting to IFRS: An analysis of implementation issues|
To supplement our IFRS services and help companies during or following their transition to IFRS, this publication focuses on selected IFRS from a practical perspective, making it easier to understand the impact of the new standards by industry. It also includes summaries of selected IFRS to help improve understanding of the standards.
| ||The Audit Committee Impact on Swiss Companies [nur auf Englisch]|
This survey gives a first set of answers with respect to characteristics, behavior and effects of audit committees of Swiss listed companies. Findings include that these bodies are becoming ever more professional, and that their work definitely has a positive impact on financial reporting. A well-functioning audit committee will increase a given company’s chance of getting a clean audit opinion and mitigate the risk of reprimands from oversight bodies. We trust that learning in more detail ...
| ||International GAAP® Disclosure Checklist 2005|
This checklist covers all Standards and Interpretations applicable to accounting periods beginning on 1 January 2005 (that is, it has been designed to deal with 31 December 2005 year-ends, and not year-ends ending thereafter). The checklist takes account of all IFRS guidance that was approved before 31 August 2005.
| ||Global EYe on IFRS, November 2005|
Executive summary / Featured article: EY's position on the IASB and FASB proposals / Technical focus: Completing the transition to IFRS – more to do / Technical focus: IASB highlights / Interview: IFRS from the perspective of corporate management / Resources / Contacts
| ||IFRS - The implications for European banks|
Summary and analysis of IFRS disclosures of the 20 largest European banks / The impact of IFRS on regulatory capital in Europe / The IFRS agenda – 'unfinished business' in the financial services industry
| ||Financial Guarantees - Amendments to IAS 39 and IFRS 4|
The August 2005 amendment to IAS 39 and IFRS 4 Financial Guarantee Contracts will have accounting implications for the issuers of financial guarantee contracts, credit insurance and credit derivatives. An entity shall apply those amendments for annual periods beginning on or after 1 January 2006. Earlier application is encouraged.
| ||Emerging Trends in Internal Controls|
As companies seek to embed and streamline further their Section 404 assessment, some are looking for ways to leverage the benefits of their learning and approaches to risk areas beyond financial reporting. This is a key finding from EY’s Emerging Trends in Internal Controls: Fourth Survey and Industry Insights, which reports on the experiences of 255 companies that have implemented internal controls procedures to comply with Section 404 of the Sarbanes-Oxley Act.
| ||IFRS News, September 2005|
Die Ausgabe vom September befasst sich an erster Stelle mit einer selbstkritischen Beurteilung zur konsistenten Interpretation und Anwendung von IFRS. Ferner folgt ein Interview mit Jean-Yves Jegourel, Partner von EY Frankreich, zu speziellen Herausforderungen von IFRS im Telekommunikationsbereich. Der technische Fokus befasst sich mit verschiedenen kontroversen Themen wie IFRS-Rahmenkonzept, Finanzinstrumente, Special Purpose Entities (SPEs) und Zwischenabschlüsse. Zum Schluss ...
| ||Global EYe on IFRS, September 2005|
Executive summary / Featured article: The challenge of constistent interpretation and application of IFRS / Interview: IFRS and the telecommunications industry / Technical focus: IASB highlights; The impact of expected amendments to IAS 12 on IRRS preparers / Resources / Contacts
| ||Die Angabevorschriften des IFRS 7|
In dieser Publikation hat EY die neuen Offenlegungsvorschriften für Finanzinstrumente nach IFRS 7 sowie die geänderten Angabepflichten zum Kapital nach IAS 1 vorgestellt und die damit verbundenen Änderungen aufgezeigt.
| ||Die überarbeitete Fair Value Option nach IAS 39|
Nach der Veröffentlichung einer Near-final Draft Version hat das IASB am 16. Juni 2005 die nunmehr endgültigen Vorschriften zur Änderung der Fair Value Option veröffentlicht. Mit den Änderungen werden die gem. Exposure Draft anzuwendenden Vorschriften zur allumfassenden Marktbewertung in IAS 39 (amended 2004) teilweise eingeschränkt. In der vorliegenden Broschüre wird die überarbeitete Fair Value Option vorgestellt und die damit verbundenen Auswirkungen für die praktische Anwendung aufgezeigt.
| ||Summary of the IASB's Proposals to Amend IAS 37 and IAS 19|
On 30 June 2005, the International Accounting Standards Board (IASB) issued an Exposure Draft proposing revisions to IAS 37 "Provisions, Contingent Liabilities and Contingent Assets" and IAS 19 "Employee Benefits". IAS 37 will be renamed "Non-financial liabilities". This change is necessary as the IASB is proposing to eliminate from IAS 37 the terms "provision", "contingent liability" and "contingent asset". However, these are not just cosmetic changes; they signal major modifications to IAS 37.
| ||IFRS News im Fokus, Juli 2005|
Einführung von IFRS 2005 fordert auch den Verwaltungsrat / Bewertungen bei Unternehmenskäufen / Aktuelle Technische Entscheide des IASB / IFRIC D11, D16, D17 zu IFRS 2 Sharebased Payment / Kontakte
| ||Global EYe on IFRS, July 2005|
Featured article: IFRS conversion and the role of the board / Interview: Valuation issues in a business acquisition / Technical focus: IASB highlights; IFRIC adresses questions regarding IFRS 2 / Resources / Contacts
| ||How Fair is ‘Fair Value’?|
Subjective ‘fair value’ measurements of assets and liabilities could create confusion for investors and greater volatility in accounts prepared under the new international financial reporting standards (IFRS). This is according to an EY report How Fair is Fair Value, which argues that the application of the fair value model should be limited to those assets that have real and determinable market values.
| ||IFRS News im Fokus, Mai 2005|
Gemeinsames Projekt für ein neues Rahmenkonzept / Herausforderungen bei der Buchführung und Rechnungslegung für Versicherungen / Aktuelle Technische Entscheide / IAS 16 Sachanlagen Komponentenansatz
| ||Global EYe on IFRS, May 2005|
Featured article: The joint project to revisit the conceptual framework / Interview: Accounting challenges faced by the insurance industry / Technical focus: IASB highlights; The component approach – how different is it? / Resources / Contacts
| ||Beyond: Ausgabe Mai 2005|
Entrepreneurs/Nachfolgeplanung: Interviews mit: Prof. Dr. Urs Fueglistaller, Universität St. Gallen; Stefan Arn, AdNovum Informatik AG; Dr. Urs Rickenbacher, Lantal Textiles AG / Nachfolgeplanung: Steuern; Unternehmensbewertung; Erbrecht
| ||BoardMatters Quarterly - Critical Insights for Today’s Audit Committee: April 2005|
Key Considerations for Sustaining Section 404 - Year Two and Beyond / Section 404: How is the Marketplace Likely to Respond to The First Wave of Internal Control Reports? / How Effective is Your Audit Committee? / Audit Committees and the Emerging Compliance Agenda / Forward View: Double Indemnity - The Strange Case of Audit Committee Member Liablility / Issues Discussed During Recent Audit Committee Leadership Network Meetings
| ||IFRS News im Fokus, März 2005|
Umsatzerfassung "Asset and Liability Approach" / Sind alle kritischen Applikationen IFRS tauglich? / Aktuelle Technische Entscheide des IASB / IFRS und US GAAP - Differenzen zwischen globalen Standards?
| ||Global EYe on IFRS, March 2005|
Featured article: Revenue recognition - the asset and liability approach / Interview: The implications of IFRS for IT applications and processes / Technical focus: IASB highlights / IFRS from a US perspective: How different is it? / Resources / Contacts
| ||Financial Services News – März 2005|
Anlässlich des zehnten Jahrestages der Einführung der Mehrwertsteuer in der Schweiz hat der Bundesrat eine Bestandesaufnahme vorgenommen, deren Ergebnisse am 27. Januar 2005 in einem Bericht veröffentlicht worden sind. Der Bundesrat verzichtet auf grundsätzliche Änderungen, kündigt jedoch eine sanfte Reform der Schweizer Mehrwertsteuer an. Diese erfolgt in Etappen und wurde bereits auf den 1. Januar 2005 mit einer Reihe von Praxisänderungen eingeleitet. Ein Teil der bereits wirksamen, bzw. ...
| ||Global EYe on IFRS, January 2005|
Executive summary / Featured article: XBRL and IFRS - two global standards / Interview: The implications of IFRS for the oil and gas industry / Technical focus: IASB highlights; Demystifying embedded derivatives / Resources / Contacts
| ||Praxis Special: Ausgabe Herbst 2004|
Audit Committee: Kurzübersicht zur Verantwortung der Audit Committees / Dialog erhöht Vertrauen / Interview mit Anton Affentranger: Die grosse Herausforderung sind die Inhalte / Risikoorientierte Beurteilung der Jahresrechnung / Interview mit Hans Brunhart: Von den Zahlen Richtung Risiko / Whistleblowing: Verantwortung des Audit Committee / Audit Committee: Haftung und Verantwortlichkeit der Mitglieder / (Selbst-)Beurteilung von Audit Committees / Interview mit Vincent Gétaz: Ein ...
| ||Global EYe on IFRS, November 2004|
Executive summary / Featured article: Tax consequences of IFRS / Interview: IFRS and the capital markets / Technical focus: IASB highlights / The practical implications of applying IFRS 1 / Resources / Contacts
| ||Global EYe on IFRS, 3/2004|
Kleine und mittlere Unternehmen: Neuigkeiten über die vom IASB vorgeschlagenen Standards / Interview: Verbesserungspotenziale in der Kommunikationspolitik kapitalmarktorientierter Unternehmen und die Auswirkungen der IFRS-Umstellung / Information über eine Umstellung der Rechnungslegung Probleme kapitalmarktorientierter Unternehmen / Fachbeitrag - Immateriellen Vermögenswerte: Mehr oder weniger? / Nützliche Links / IFRS-Ansprechpartner in der Schweiz und in den Areas von EY
| ||Financial Services News – November 2004|
On 26 June 2004, 5 years after the publication of the first Consultative Paper, the Basel Committee on Banking Supervision, located at the Bank of International Settlements (BIS), released the final rules of the revised Capital Accord - “Basel II: International Convergence of Capital Measurement and Capital Standards: a Revised Framework”.
| ||Global EYe on IFRS, 2/2004|
Newsflash zum IASB, zu aktuellen Entwicklungen in der Europäischen Union / Die Zukunft der Periodenerfolgsrechnung (Comprehensive Income) / Interview: Die Notwendigkeit einer weltweiten Koordination und Interpretation der IFRS / Im Blickpunkt – Werthaltigkeitstests: Die wirtschaftlichen Auswirkungen des überarbeiteten IAS 36 / Nützliche Links / IFRS-Ansprechpartner in der Schweiz / und in den Areas von EY
| ||Global EYe on IFRS, 1/2004|
Newsflash zum IASB, zu aktuellen Entwicklungen in der EU / Interview: IAS 39 und Finanzinstrumente: Die Unsicherheit dauert an Tony Clyfford / Unternehmenszusammenschlüsse: Mögliche Konsequenzen für den Erwerber / IFRS nach 2005 – Die Vereinheitlichung der internationalen Rechnungslegungsstandards: Ein laufender Prozess / Nützliche Links / Aus- und Weiterbildungskurse in IFRS/IAS / IFRS-Ansprechpartner in der Schweiz / und in den Areas von EY
| ||Insight Financial Services – Sommer 2004|
Ökonomisches Kapital: Messung der Performance / Interne Kontrolle: über die finanzielle Berichterstattung / Anlagefonds: Neue rechtliche Perspektiven / Tax: Strafbefreiung für Deutschlands Steuersünder / Asked John R. Coomber: CEO Swiss Re
For the Audit Committee Leadership Network
From the Audit Committee Leadership Network
For the Audit Committee Leadership Network
| ||IFRS Newsletter, April 2004|
Vieles ist in Bewegung. So auch beim IASB und beim FASB. Zusammen soll ein einheitliches globales Set von Standards zur Rechnungslegung geschaffen werden. Das ist einfach gesagt, aber schwierig in der Ausführung. Zum aktuellen Stand des ‚Convergence Project’ informiert der Artikel auf Seite 1. Weiter finden Sie auf der zweiten Seite mehr zum Thema ‚Nahestehende IAS 24’ nachdem in der Spezialausgabe vom März die steuerlichen Aspekte dargestellt wurden. Auf Seite 3 findet sich ein Artikel zu ...
| ||IAS Brief: IFRS 1|
First-time Adoption of International Financial Reporting Standards, January 2004
| ||IAS 32 and IAS 39 revised: An overview|
The International Accounting Standards Board (“IASB”) published on 17 December 2003, in electronic form, the revised IAS 32 Financial Instruments: Disclosure and Presentation and IAS 39 Financial Instruments: Recognition and Measurement. They replace the Standards currently being applied by entities already reporting under International Financial Reporting Standards (“IFRS”). Also, they will be the versions of the Standards that will apply to those entities applying IFRS for the first time ...
| ||Insight Financial Services – Winter 2003/2004|
Private Banking: Überregulierung und strategische Handlungsmöglichkeiten / Interne Kontrolle: als unternehmerische Investition / IAS 39: Auswirkungen auf die Jahresrechnung / «Fast Close»: als Wettbewerbsvorteil / Asked: Raymond J.Bär, VR-Präsident, Bank Julius Bär
| ||Sarbanes-Oxley Act of 2002|
Evaluating Overall Effectiveness, Identifying Matters for Improvement, and Ongoing Assessment of Controls
| ||UCITS III – In Brief|
The UCITS III directives, as part of the many initiatives aimed at achieving a Single Market for financial services within the EU
| ||Gaap Convergence 2002|
A Survey of National Efforts to Promote and Achieve Convergence with International Financial Reporting Standards
| ||Fraud - The Unmanaged Risk [nur auf Englisch]|
8th Global Fraud Survey – By its very nature, fraud involves deceit and concealment. As a consequence, those charged with corporate governance generally have little practical information about fraud.
| ||Qualified Intermediary - External Audit Process|
The objective of the external audit is to determine whether – as Qualified Intermediary - you have complied with the specified guidelines set out in the Qualified Intermediary Agreement.
| ||Wirtschaftsprüfung: Die Faszination von Wachstum und Sicherheit|
Die zunehmende Technologisierung und globale Vernetzung, welche mittlerweile alle Lebens- und Geschäftsbereiche erfasst haben, verlangen nach neuen Ansätzen und Strukturen, nach kreativen unternehmerischen Modellen und integriertem Risikomanagement.
| ||Die praktische Umsetzung von IAS 39|
IAS 39 behandelt eine sehr kontroverse Materie, und es brauchte viel Zeit und nicht weniger als drei Exposure Drafts, bevor dieser Standard im heute verfügbaren Wortlaut für Jahresrechnungen beginnend ab 1. Januar 2001 als verbindlich erklärt werden konnte.
| ||Insight Financial Services – Juni 2000|
Am 1. Juli 2000 tritt die neue Richtlinie der Schweizerischen Bankiervereinigung über die «Behandlung nachrichtenloser Konten, Depots und Schrankfächer bei Schweizer Banken» in Kraft. Für die bankinterne Umsetzung dieser Richtlinie bleibt nicht viel Zeit, denn noch in diesem Jahr müssen die Banken Meldung über ihre nachrichtenlosen Vermögenswerte erstatten.
| ||Insight Financial Services – Dezember 1999|
Weltweit wie auch in der Schweiz verändert sich das Bank- und Finanzwesen dramatisch. Auslöser sind vor allem die rasanten Entwicklungen in der Technologie, Informatik und Kommunikation. Sie führen nicht nur zu einer Globalisierung der Finanzmärkte und damit zu einer Verschärfung des Wettbewerbs, sondern auch zu einer Verdrängung des traditionellen Bankgeschäfts durch das Angebot neuartiger Produkte und Dienstleistungen.
| ||Insight Financial Services – November 1999|
Banken werden immer komplexer: Viele erbringen als Universalbanken eine grosse Palette an Dienstleistungen. Zudem etablieren sie sich nicht nur als nationale Banken, sondern weltweit – und dringen auch in andere Finanzdienstleistungen ein, so in das Versicherungswesen.