How Should Cryptocurrencies Be Classified On The Financial Statement Ifac.org

Subject:

  • Fraud and Emerging Tech: Robotic Process Automation

    January 12, 2020 Published:  Financial Executives International (FEI) by Morgan Hunsaker and Dillon Papenfuss Companies are rapidly progressing with RPA adoption to increase efficiency and automate low-value, repetitive tasks. Companies hoping to maximize their investment should consider RPA’s impact on fraud risk and the control environment, too.

    This paper is first in a series from the

  • Blockchain makes advances, but audit firms remain wary

    January 9, 2020 Published: AccountingToday Accounting firms are beginning to wade into the use of blockchain technology for audits, but with caution as the technology spreads beyond the cryptocurrency space where it’s been used for digital assets like Bitcoin.

    “I don’t know that blockchain is going to necessarily make things easier for auditors,” said Amy

  • The Chartered IIA launch New Internal Audit Code

    January 9, 2020 Published: The Accountant The Chartered Institute of Internal Auditors (Chartered IIA) has published a new code with the goal of increasing the effectiveness of internal audit functions.

    The Internal Audit Code of Practice aims to strengthen corporate governance following a number of high-profile company collapses which have been linked to governance deficiencies,

  • Voices: Changes to PCAOB quality control standards could lead to more exposure for audit firms

    January 09, 2020 Published: AccountingToday By: Jessica Pulliam and Charles Strecker Partner, Baker Botts LLP The Public Accounting Oversight Board issued a concept release last month proposing a significant overhaul to the quality control rules.

    1. Openness To, and Restrictions Upon, Foreign Investment

    The proposed changes could have the potential for expanding future enforcement proceedings, which have historically focused on a firm’s quality control efforts in narrow

  • International Code of Ethics for Professional Accountants

    Published: IESBA IESBA Chairman Dr.

    Stavros Thomadakis explains the practical significance of the revised and restructured Code, an enhanced platform for developing relevant ethics and independence standards that are globally operable in a world of changing technologies, business methods and public expectations. https://www.ethicsboard.org/international-code-ethics-professional-accountants

  • Improved governance and reporting required to promote sustainability and trust in business

    January 9, 2020 Published: FRC Companies need to improve their governance practices and reporting if they are to demonstrate their positive impact on the economy and wider society, according to a new report from the Financial Reporting Council (FRC). While changes to the 2018 UK Corporate Governance Code raised the bar considerably and have led to some high-quality

  • SEC Office of Compliance Inspections and Examinations Announces 2020 Examination Priorities

    January 7, 2020 Published: SEC The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) today announced its 2020 examination priorities.

    OCIE publishes its examination priorities annually to enhance the transparency of its examination program and to provide insights into its risk-based approach, including the areas it believes present potential risks to investors and

  • Accounting for cloud computing: What you need to know

    January 6, 2020 Published: Journal of Accountancy By Ellen Goldstein Many companies and accounting firms have been focusing on new standards on revenue recognition and accounting for leases, hedging, and credit losses.

    But another new FASB standard — on cloud computing costs associated with a service arrangement — became effective for public business entities in

  • What doesn’t kill auditors makes them stronger

    January 3, 2020 Published: Accounting Today It’s no secret that technology is poised to bring tremendous change to auditing; the question is, will those changes be positive or negative?

    To assess the state of the field, Accounting Today convened a virtual roundtable of experts and practitioners to share their thoughts on where things stand — and where

  • IESBA revises Part 4B of the International Code of Ethics

    Changes Align Part 4B to Assurance Terms and Concepts Used in ISAE 3000 (Revised) January03, 2020 Published: IESBA The International Ethics Standards Board for Accountants (IESBA) today released Revisions to Part 4B of the Code to Reflect Terms and Concepts Used in ISAE 3000 (Revised).

    Part 4B of the International Code of Ethics for Professional Accountants (including International Independence

  • Nuevo Código de Ética de IFAC, en Español

    Con fecha Junio de 2019, entró en vigencia el nuevo Código de ética, en su versión en inglés, emitido por el IESBA organismo sustentado por la Federación Internacional de Contadores (IFAC).

    El nuevo Código de Ética reúne todos los avances sustanciales en ética e independencia de los últimos 4 años en un solo documento que

  • Despedida José Monsalve

    Con fecha 20 de diciembre, se efectuó el almuerzo de despedida de José Monsalve en reconocimiento a su exitosa gestión al frente de la Asociación que culminó el pasado 5 de septiembre de 2019. Este evento fue organizado por el Directorio de la Asociación y fueron invitados los Country Managing Partners de todas las Firmas
  • Interpretation Committee Podcast Q4 2019

    December 20, 2019 Published: IFRS Vice-Chair of the Board and Chair of the Interpretations Committee Sue Lloyd joins Technical Staff member Patrina Buchanan to discuss relevant activities and developments between October and December 2019.

    They summarise one final agenda decision to do with lease term and useful life of leasehold improvements, and two tentative agenda

  • Final Reflections on Internal Audit’s Decade of Progress

    December 30, 2019 Published: The Institute of Internal Auditors In the past 10 years, many significant events have occurred that have dramatically altered the risk landscape that internal auditors must navigate.

    From strict new post-financial crisis regulations, to an explosion of cyberattacks, to the emergence of risks related to artificial intelligence, data ethics, and privacy,

  • SEC Proposes to Codify Certain Consultations and Modernize Auditor Independence Rules

    December 30, 2019 Published: SEC The Securities and Exchange Commission today announced that it is proposing amendments to codify certain staff consultations and modernize certain aspects of its auditor independence framework.  The proposed amendments would update select aspects of the nearly two-decade-old auditor independence rule set to more effectively structure the independence rules and analysis

  • Fighting Corruption Requires Accountants to Act: Here´s How

    • Noticias
    • Diciembre 31, 2019

    December 9, 2019 Published: IFAC Corruption is taking a toll.

    How should cryptocurrencies be classified on the financial statement ifac.org

    The United Nations puts its annual cost at $3.6 trillion—about five percent of global GDP. That’s almost twice the GDP of Brazil. The consequences for economic growth and for the welfare of ordinary people are severe – and no country is immune. This is a global

  • IAASB revises standard for risk of material misstatement

    • Noticias
    • Diciembre 30, 2019

    December 26, 2019 Published: AccountingToday The International Accounting and Assurance Standards Board has released a revised standard for identifying and assessing the risks of material misstatements.

    Why would a company do an ipo

    International Standard on Auditing (ISA) 315 (Revised 2019) is part of the IAASB’s work to improve audit quality globally. In finalizing the revisions, the IAASB concentrated on making the standard

  • How small firms should approach new technologies

    • Breves de Interés
    • Diciembre 27, 2019

    December 10, 2019 Published: Journal of Accountancy Small firms wishing to adopt new technologies should examine available services to determine which ones are the best fit for current systems, advises Daniel Moore, CPA.

    https://www.journalofaccountancy.com/videos/new-technologies-for-small-cpa-firms.html

  • IOSCO consults on measures to reduce conflict of interests in debt capital raising

    • Noticias
    • Diciembre 27, 2019

    December 16, 2019 Published: IOSCO The Board of the International Organization of Securities Commissions (IOSCO) is requesting feedback on proposed guidance to help IOSCO members address potential conflicts of interest and associated conduct risks arising from the role of market intermediaries in the debt capital raising process.

    Conflicts of interest and associated conduct risks can

  • “Podríamos hablar de una crisis del modelo de democracia representativa”

    • Noticias
    • Diciembre 26, 2019

    JAIME VARGAS, SOCIO LÍDER DE IMPUESTOS INTERNACIONALES DE EY COLOMBIA: El Diario Financiero El experto analizó las causas de las protestas de 2019 en América Latina y la respuesta de Colombia a la crisis, a través de la aprobación de la reforma tributaria.América Latina se dispone a cerrar un año convulsivo en materia social y

  • IASB proposes to require comparable profit subtotals and bring greater transparency to ‘non-GAAP’ measures

    • Noticias
    • Diciembre 26, 2019

    December 17, 2019 Published: IFRS The International Accounting Standards Board (Board) has proposed improvements to the way information is communicated in the financial statements, with a focus on financial performance.

    Responding to investor demand, the proposals would require more comparable information in the statement of profit or loss and a more disciplined and transparent approach

  • New Tone at the Top Explores How to Measure Effective Governance and More

    • Noticias
    • Diciembre 24, 2019

    December 13, 2019 Published: The Institute of Internal Auditors There is a significant disconnect between assessments of governance and true governance effectiveness.

    It’s time to assess why governance evaluations are often wrong and to what can be done to fix the problem. However, most companies still don’t measure their overall system of corporate governance because

  • FRC updates aid to Audit Committees in evaluating audit quality

    • Noticias
    • Diciembre 23, 2019

    December 19, 2019 Published: Financial Reporting Council (FRC) The Financial Reporting Council (FRC) has issued an update of its Practice Aid to assist audit committees in evaluating audit quality in their assessment of the effectiveness of the external audit process.

    The update takes account of developments since the first edition was issued in 2015, including revisions of

  • FRC moves to strengthen auditor Independence and ban conflicts of interest

    • Noticias
    • Diciembre 20, 2019

    December 17, 2019 Published: FRC – Changes deliver stronger UK ethical requirements the FRC committed to implement – Tougher ethical standards strengthening auditor independence, and preventing conflicts of interest – New standard bans auditors from providing recruitment and remuneration services To support the delivery of high-quality audit in the UK, the FRC has today issued a major

  • Accountancy Europe Digital Day 2019

    • Breves de Interés
    • Diciembre 20, 2019

    November 27, 2019 Published: Accountancy Europe Matthew Griffin, Founder and CEO at 311 Institute, answered to the following questions at our Digital Day 2019: How can sustainability be combined with digitalisation?

    What role do you see for accountants in making technological advances more green?

  • FRC updates aid to Audit Committees in evaluating audit quality

    December 19, 2019 Published: Financial Reporting Council (FRC) The Financial Reporting Council (FRC) has issued an update of its Practice Aid to assist audit committees in evaluating audit quality in their assessment of the effectiveness of the external audit process.

    The update takes account of developments since the first edition was issued in 2015, including revisions of the

  • PCAOB Issues Quality Control Concept Release

    • Noticias
    • Diciembre 19, 2019

    December 17, 2019 Published: PCAOB The Public Company Accounting Oversight Board today voted to issue a concept release on a potential approach to revising the PCAOB’s quality control standards.

    The release solicits public comment to inform the Board on the approach and what changes it might propose in the future to strengthen the PCAOB’s requirements for audit firms’ quality

  • PCAOB Posts Conversations with Audit Committee Chairs: What We Heard & FAQs

    December 18, 2019 Published: PCAOBThe PCAOB is committed to our strategic goal of enhancing transparency and accessibility through proactive stakeholder engagement. Over the past year, we have engaged more directly and more often with public company audit committees and had conversations with the audit committee chairs of almost all of the U.S.

    issuers whose audits we inspected.

  • How to handle accounting for digital assets

    • Noticias
    • Diciembre 18, 2019

    December 16, 2019 Published: Journal of Accountancy In a business environment that’s changing rapidly, even the currency used to pay for transactions is evolving in ways that challenge accountants and auditors.

    The growing popularity of various forms of digital (or crypto) assets has required many CPAs to consider how to appropriately account for them under

  • IOSCO launches framework for monitoring leverage in funds that may pose stability risks

    • Noticias
    • Diciembre 17, 2019

    December 13, 2019 Published: IOSCO The Board of the International Organization of Securities Commissions (IOSCO) today unveiled a twostep framework designed to facilitate monitoring of leverage in investment funds that could potentially pose risks to financial stability.

    The framework, outlined in the report on Recommendations for a Framework Assessing Leverage in Investment Funds, comprises a two-step

  • How auditors can stay independent while advising on revenue recognition

    • Noticias
    • Diciembre 16, 2019

    December 13, 2019 Published: Journal of Accountancy One of the most difficult challenges for some auditors as 2019 comes to an end is maintaining their independence amid the frustration and confusion of their clients over the implementation of FASB’s new revenue recognition standard.

    CPAs who see their clients struggling want to help, but if they

  • OnRisk 2020: A Guide to Understanding, Aligning and Optimizing Risk

    • Breves de Interés
    • Diciembre 13, 2019

    Change the Way You View and Understand Risk December 3, 2019 Published: The Institute of Internal Auditors OnRisk 2020: A Guide to Understanding, Aligning, and Optimizing Risk offers a clear-eyed, holistic view of risk like no other.

    Executive Summary

    This new IIA report is the first to bring together perspectives from the boardroom, C-suite, and internal audit. Ver

  • PCAOB’s 2020 inspection focus and audit quality tips revealed

    • Noticias
    • Diciembre 13, 2019

    December 11, 2019 Published: Journal of Accountancy The PCAOB’s inspections of audit firms in 2020 will continue to focus on areas that have been challenging for firms in recent years, George Botic, CPA, the PCAOB’s director of Registration and Inspections, said Wednesday.

    During a presentation at the AICPA Conference on Current SEC and PCAOB Developments

  • PCAOB Posts Critical Audit Matters Spotlight

    • Noticias
    • Diciembre 12, 2019

    December 10, 2019 Published: PCAOB The PCAOB today posted to its website a Critical Audit Matters (CAMs) Spotlight.

    Consistent with the Board’s strategic goal of providing more useful and timely information, we believe that sharing our initial observations from the experiences of the first adopters of CAM requirements could help auditors, companies, audit committees, and other

  • PCAOB Posts Critical Audit Matters Spotlight

    December 10, 2019 Published: PCAOB The new requirement for auditors to report critical audit matters (CAMs) is the most significant change to the auditor’s report in more than 70 years.

    To support the implementation of the new requirement, the Public Company Accounting Oversight Board (PCAOB) has conducted extensive outreach to audit firms and other stakeholders

  • ASB proposes conforming amendments, addresses practice issues

    • Noticias
    • Diciembre 11, 2019

    December 10, 2019 Published: Journal of Accountancy The AICPA Auditing Standards Board (ASB) proposed amendments Tuesday that would conform sections of its codification to its recently issued standards on auditor reporting and the auditor’s responsibilities relating to other information included in annual reports.

    In the exposure draft, the ASB also proposed amending certain AU-C sections to address

  • New standard adds flexibility for agreed-upon procedures

    • Noticias
    • Diciembre 10, 2019

    December 5, 2019 Published: Journal of Accountancy CPA practitioners will have more flexibility to perform agreed-upon procedures engagements under a new standard issued Thursday by the AICPA Auditing Standards Board.

    Statement on Standards for Attestation Engagements (SSAE) No. 19, Agreed-Upon Procedures Engagements, provides flexibility to CPAs by: – Removing the requirement that the practitioner request an assertion from

  • ASB aligns with other US standard setters on materiality

    • Noticias
    • Diciembre 9, 2019

    December 5, 2019 Published: Journal of Accountancy The concept of materiality in the AICPA Professional Standards has been amended to match the description used by other standard setters and regulators in the United States.

    Under new standards issued Thursday by the AICPA Auditing Standards Board (ASB), the description of materiality used in the AICPA standards will substantially

  • How to build support for digital transformation

    • Breves de Interés
    • Diciembre 6, 2019

    November 25, 2019 Published: Journal of Accountancy CPAs are uniquely positioned in their organizations to lead, encourage, and catalyze digital transformation, says Dan Griffiths, CPA, CGMA, a partner with Tanner LLC in Salt Lake City.

    Ver video aquí https://www.journalofaccountancy.com/videos/build-support-for-digital-transformation.html

  • The Role of Auditors in Company-Prepared Information: Present and Future

    • Noticias
    • Diciembre 6, 2019

    December 3, 2019 Published: TheCaq The pace of change in business is accelerating, and the volume of information available to investors and other stakeholders in the US financial reporting ecosystem continues to grow.

    Investors and others are using both audited financial statements and—increasingly—unaudited company-prepared information to make decisions. “Investors and other consumers of the financial

  • The Role of Auditors in Company-Prepared Information: Present and Future

    December 3, 2019 Published: TheCaq The pace of change in business is accelerating, and the volume of information available to investors and other stakeholders in the US financial reporting ecosystem continues to grow.

    Investors and others are using both audited financial statements and—increasingly—unaudited company-prepared information to make decisions.

    Breves de Interés

    The Role of Auditors in Company-Prepared Information:

  • PCAOB plans further changes on inspections and quality control

    • Noticias
    • Diciembre 5, 2019

    December 3, 2019 Published: Accounting Today Public Company Accounting Oversight Board Chairman William Duhnke said Tuesday the PCAOB with its reconstituted board is making changes in its inspections regime and quality control standards for auditing firms, while also doing more outreach to audit committees.

    “Currently, the PCAOB is in the middle of significant change,” he

  • Mark Carney appointed as un´s special envoy on climate action and finance

    • Noticias
    • Diciembre 4, 2019

    December 2, 2019 Published: International Accounting Bulletin Bank of England Governor Mark Carney has been appointed as UN special envoy for climate action and finance. He will start his new position once his term at the Bank of England comes to an end. As special envoy, he will focus on the implementation of climate action,

  • SEC Proposes to Modernize Regulation of the Use of Derivatives by Registered Funds and Business Development Companies

    • Noticias
    • Diciembre 3, 2019

    November 25, 2019 Published: SEC The Securities and Exchange Commission has voted to propose a new rule designed to enhance the regulation of the use of derivatives by registered investment companies, including mutual funds, exchange-traded funds (ETFs) and closed-end funds, as well as business development companies. The proposed rule would provide an updated and more comprehensive

  • Accountants Can Support Sustainable Corporate Governance

    • Noticias
    • Diciembre 2, 2019

    November 20, 2019  Published: IFAC By: Olivier Boutellis-Taft  The time is now!

    Bots for trading cryptocurrency germany

    World leaders, the US Business Roundtable, scientists, students and the new European Commission agree on the need for immediate action on sustainability. Making our economy sustainable is not about doing good: it is about staying in business and still having a liveable planet for

  • Tackling tax avoidance and evasion

    • Breves de Interés
    • Noviembre 29, 2019

    June 6, 2019 Published: OECD The fight against tax evasion and avoidance has been a major success story of the OECD and G20, leading to the implementation of global tax transparency standards and the Base Erosion and Profit Shifting package.

  • OECD launches automatic exchange of information programme

    • Noticias
    • Noviembre 29, 2019

    November 26, 2019 Published: The Accountant The Organisation for Economic Co-operation and Development (OECD) and the United Nations Development Programme’s Tax Inspectors Without Borders initiative (TIWB) has launched a project on automatic exchange of information (AEOI).

    The TIWB initiative is to launch a number of pilot programmes in an effort to support developing countries’ efforts

  • FASB issues narrow-scope changes to credit losses standard

    • Noticias
    • Noviembre 28, 2019

    November 26, 2019 Published: Journal of Accountancy FASB issued narrow-scope improvements Tuesday to its new accounting standard for credit losses.

    The new Accounting Standards Update (ASU), Codification Improvements to Topic 326, Financial Instruments — Credit Losses, addresses concerns voiced by accountants and other stakeholders regarding implementation of the new credit losses standard, ASU No.

    2016-13, Financial Instruments — Credit Losses

  • Voices: Three ways to recruit top talent to your firm in 2020

    • Noticias
    • Noviembre 26, 2019

    November 21, 2019 Published: Accounting Today By: Leah Machado The tight labor market is impacting every industry, including accounting.

    As the national rate of unemployment hovers near a 50-year low, firms of all sizes are struggling to find and retain quality employees. The 2019 “Paychex Pulse of HR Survey” found that talent is among the top factors impacting

  • Valuation in spotlight as SEC mulls expanding investment opportunities

    • Noticias
    • Noviembre 25, 2019

    November 20, 2019 Published: Journal of Accountancy As the SEC explores new possibilities for “Main Street” investors to have access to offerings that are now considered exempt, private-equity firm financial statement auditors may find even more investors relying on their work.

    In June, the SEC issued a concept paper seeking comment on whether to make a broader

  • Preparing for the future: The Brave New World of Artificial Intelligence

    • Breves de Interés
    • Noviembre 22, 2019

    Published: OECD We need to anticipate the radical changes induced by globalisation, digitalisation and demographic shifts.

    For example, how can we build the skills of tomorrow’s workforce? How can we support risk-taking and entrepreneurship while safeguarding job quality, collective bargaining and social protection?

    How do we integrate the growing number of migrants to enhance solidarity,

  • ICAEW publishes guide to provide better understanding of assurance

    • Noticias
    • Noviembre 22, 2019

    November 20, 2019 Published: The Accountant The Institute of Chartered Accountants in England and Wales (ICAEW) and the World Business Council for Sustainable Development (WBCSD) has published a guide to help businesses better understand how non-financial assurance works.

    The ICAEW and WBCSD have found that companies believe that the market place for assurance services on

  • PCAOB Approves 2020 Budget, Reaffirms Strategic Direction

    • Noticias
    • Noviembre 21, 2019

    November 19, 2019 Published: PCAOB The Public Company Accounting Oversight Board today approved its fiscal year 2020 budget and five-year strategic plan in an open meeting.

    The Board’s strategic plan guides the PCAOB’s programs and operations and serves as the foundation for the budget. “We are proud of the progress we made to execute our strategic plan in year one,”

  • Strategic Plan 2019-2023

    November 19, 2019 Published: PCAOB The PCAOB voted unanimously to adopt its 2019-2023 Strategic Plan.

    The plan reaffirms the five values and five core goals that the Board will advance to effectively fulfill its mission.  Key Factors Affecting the Strategic Outlook The key factors guiding the efforts include the following: First, the quality of audit services has

  • Presentación “Basilea III.

    CMF publica en consulta la Metodología para el cómputo del Capital Regulatorio”

    19 de noviembre de 2019 Descargar documento AQUÍ

  • An Overview of KAMs in the European Banking Sector

    • Noticias
    • Noviembre 20, 2019

    November 15, 2019 Published: Accountancy Europe Source: Audit Analytics This article has been published by Audit Analytics. It is about the second annual survey we performed on the auditor’s reporting of key audit matters (KAMs) in the European banking sector since KAMs became required by EU law and international standards in 2017.

    Bitcoin Genius and True Believer - Bitcoin Explained in 4 Mins

    One of the main goals of the

  • FASB officially delays 4 major standards

    • Noticias
    • Noviembre 19, 2019

    November 15, 2019 Published: Journal of Accountancy On Friday, FASB issued two new Accounting Standards Updates (ASU) that delay many of the effective dates for new standards on leases, hedging, current expected credit losses (CECL), and long-duration insurance contracts.

    The updates came a month after FASB voted unanimously to delay certain effective dates for leases, hedging, and

  • Exploring Talent Management Challenges and Opportunities

    • Noticias
    • Noviembre 18, 2019

    November 12, 2019 Published: The Institute of Internal Auditors Internal audit talent management has become increasingly complex in the world of rapidly developing technology and ever-dwindling budgets.

    The Blockchain Academy

    Identifying the right mix of skill sets and finding top talent who possess them is only one part of the equation. Creating a culture and developing a recruitment

  • RAB Request for Proposals – Topics of Interest in 2020

    November 14, 2019 Published: The Caq Deadline: Monday, March 16, 2020; 12:00 Midnight PDT The CAQ’s Research Advisory Board (RAB) is interested in research questions that can substantively inform audit practice or address policy and regulatory issues that impact audit quality and the profession.

    Below are brief descriptions of suggested topics that are listed in the

  • Social media clip: Developments in Audit

    • Breves de Interés
    • Noviembre 15, 2019

    November 6, 2019 Pubished: FRC Following the publication of the Developments in Audit report, a social media clip has been produced to give the key highlights of the report.

    https://www.frc.org.uk/news/november-2019/social-media-clip-developments-in-audit-(1)

  • Accounting for Value Creation and Encouraging the Rise of the Chief Value Officer

    • Noticias
    • Noviembre 15, 2019

    November 7, 2019 Published: IFAC By: Kevin Dancey, Charles Tilley Accounting is a time-tested discipline.

    It’s been around since Luca Pacioli invented double entry bookkeeping over five centuries ago.

    Costa Rica

    It is the means to capture the monetary value that has been realized through transactions. For the better half of the last millennia, accounting has been the language

  • Demand for sustainability assurance is growing

    • Noticias
    • Noviembre 15, 2019

    November 12, 2019 Published: Journal of Accountancy The demand for sustainability assurance is likely to grow in the coming years, according to a new survey conducted by The Conference Board.

    Thirty-seven of the 57 large U.S. and European companies participating in the survey said they obtain assurance on at least some of their publicly reported

  • FASB proposes clarifications to certain areas of the derivatives and hedging standard

    • Noticias
    • Noviembre 14, 2019

    November 12, 2019 Published: FASB The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) to clarify certain sections of its 2017 hedge accounting standard.

    Stakeholders are asked to review and comment on the proposed ASU by January 13, 2020. “During our outreach to help stakeholders understand and implement the new hedging standard,

  • SEC Division of Enforcement Publishes Annual Report for Fiscal Year 2019

    • Noticias
    • Noviembre 13, 2019

    November 6, 2019 Published: SEC The Securities and Exchange Commission’s Division of Enforcement today issued its annual report for fiscal year 2019.

    The report details the division’s efforts and initiatives on behalf of investors, highlights several significant actions, and presents the activities of the division from both a qualitative and quantitative perspective. “The results depicted in

  • Statement on IOSCO study of emerging global stablecoin proposals

    • Noticias
    • Noviembre 12, 2019

    November 4, 2019 Published: IOSCO At its meeting on 30th October in Madrid, the Board of the International Organization of Securities Commissions (IOSCO) met, amongst other things, to consider the risks and benefits arising from ‘stablecoin’ initiatives with a potential global reach (‘global stablecoins’), and how securities market regulation may apply to such initiatives.

    This

  • IFAC seeks consistency, accountants’ engagement in corporate reporting

    • Noticias
    • Noviembre 11, 2019

    November 7, 2019 Published: Journal of Accountancy As currently constructed, the corporate reporting system does not help organizations to communicate effectively or enable stakeholders to easily understand companies’ ability to create sustainable value over time, according to the International Federation of Accountants (IFAC).

    In a position paper published Thursday, IFAC stated that investors and other stakeholders are

  • Variable Interest Entities and Private Companies

    • Breves de Interés
    • Noviembre 8, 2019

    October 2019 Published: FASB This brief case study video examines a key issue for the private company community: the new path for private companies with variable interest entities.

    FEATURED VIDEO aquí https://www.fasb.org/home

  • Auditors need to improve their challenge of management urgently

    • Noticias
    • Noviembre 8, 2019

    November 5, 2019 Published: FRC Audit quality is still not consistently reaching the necessary high standards expected, according to the Financial Reporting Council’s (FRC) Developments in Audit report, particularly when challenging management and performing routine procedures such as revenue recognition. High quality audit is essential to ensure confidence in financial reporting by UK companies. The FRC is working with

  • How audit committees can improve disclosure

    • Noticias
    • Noviembre 7, 2019

    November 6, 2019 Published: Journal of Accountancy The percentage of audit committees providing public disclosure on many key metrics has increased in recent years, but opportunities for greater transparency remain, according to a yearly report published Wednesday by Audit Analytics and the Center for Audit Quality (CAQ), which is affiliated with the AICPA.

    An examination