Ernst & Young Monthly News December 2008
E-News
(PDF, German, 182 kB)
Editorial / Confidence pays off / “Priority for SMEs” in the EU and Switzerland (Daniel Bachmann, Daniel Klöti) / VAT reform (Béatrice Blum)
(PDF, English, 1.01 MB)
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
(PDF, English, 586 kB)
This publication summarizes the IASB's recent Exposure Draft on improvements for disclosures to financial instruments. The
proposed amendments affect disclosure requirements in two areas - fair value measurement and liquidity risk.
(PDF, English, 1.91 MB)
This publication is an update to Supplement 16 (issued on 17 October 2008). It addresses further implementation questions that have
arisen in respect of the amendments to IAS 39 and IFRS 7, and presents several examples of such reclassifications.
(PDF, English, 164 kB)
On 31 October 2008, the IASB released a report summarizing the discussions of the Expert Advisory Panel that was convened in
April 2008 to identify best practices and establish guidance for measuring and disclosing the fair value of financial instruments
in markets that are no longer active.
(PDF, English, 794 kB)
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 previously discussed
a number of these elements in the September 2008 issue of IFRS outlook.