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Ernst & Young Monthly News March 2010

E-News

 

IFRS Outlook – February 2010

(PDF, English, 427 kB)

Improving disclosures in financial reporting – an analyst’s perspective / IFRS adoption update / Financial reporting developments / Resources

Amendments to financial instrument disclosure exemptions – February 2010 (Issue 66, Supplement to IFRS Outlook)

(PDF, English, 145 kB)

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.

Legal News – February 2010

(HTML, English)

Transfer of business operations: Effects on employment arrangements

Update IP/ICT Law Practice – Issue 3, February 2010

(PDF, English, 203 kB)

Privacy and data protection law

Many construction sites in asset management

(PDF, German, 69 kB)
Source: NZZ, 3 Feb. 2010
Authors: Cataldo Castagna, Petar Monow, Ernst & Young

Asset management has to react to a multitude of upheavals simultaneously – a changed market environment, sharper regulations and more critical investors are placing asset management before huge challenges. Consolidation is likely.

Better communication as an added value

(PDF, German, 579 kB)
Source: Handelszeitung, 10 Feb. 2010
Author: Willy Hofstetter, Ernst & Young

New audit legislation – With the new legal provisions, trust in audits has been strengthened.

Lessons from the financial crisis – defects in risk governance

(PDF, German, 472 kB)
Source: Schweizer Bank, 1 Feb. 2010
Authors: Bruno Oppliger, Bob van Rhienen, Ernst & Young

Bad corporate governance and risk governance was an important reason for the financial crisis. Where it's pinching and what needs to be done.

Real estate valuations are not an exact science

(PDF, German, 86 kB)
Source: Finanz und Wirtschaft, 9.1.2010
Author: Daniel Zaugg, Ernst & Young

Fair value accounting of income properties – determining market price and discounted cash flow method – impacts on equity needs

Acquisitions are an issue again

(PDF, German, 322 kB)
Source: Handelszeitung, 20.1.2010
Authors: Louis Siegrist, Martin Stucki, Ernst & Young

Confidence – entrepreneurs are increasingly ready to tackle acquisitions. Company heads intend to strengthen their core business and increase efficiency in this way.