Ernst & Young Monthly News April 2010
E-News
(PDF, English, 199 kB)
IASB and FASB to discuss account driven contracts, unbundling, results of field testing and presentation on 18 February
(PDF, English, 383 kB)
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
(PDF, English, 982 kB)
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 provides a brief summary of the main provisions
of the working draft.
(HTML, English)
This publication considers the effects of a non-controlling interest on financial statements and the impact of management's choice of
how to measure NCI at the acquisition date.
(PDF, English, 229 kB)
Editorial / Corporate Tax Reform III: A change of system for participation exemption? (Stefan Grob, Sereina Purtschert) / Internal
group financing: will the 10/20 non-bank lender rule be put to the test? (Hans-Joachim Jaeger) / Tax Improvements for Corporate Funding
(Walo Staehlin) / Federal Court decision 2C.893/2008 of 10 August 2009 (Serge Migy, Emilien Gigandet) / Swiss Supreme Court issues
landmark decision on currency translation differences (Marco Mühlemann, Marie-Hélène Revaz) / Transitional “options” clause in the new
Swiss VAT Law (Béatrice Blum, Nikola Elsener) / Mobility of workers in the EU – new European regulations regarding social security
(Charlotte Climonet, Elodie Rochon) / Mitigation of German loss trafficking rules (Daniel Käshammer) / Financing US Operations (Aaron Schaal)
(HTML, English)
Competition Commission sanctions obstruction of parallel imports; The Elmex case
(PDF, English, 145 kB)
Cross border workers in the canton of Geneva – the Federal Court accepts an appeal to expand deductible expenses for cross-border workers
(PDF, English, 428 kB)
Editorial / Key changes and enhancements to GIPS - the GIPS 2010 / The winding road to GIPS 2010 and continued development of the
Standards, an interview with Mr. Colin Morrison / New GIPS logo for GIPS-compliant firms / Strategic considerations for investment
management firms / GIPS 2010: An opportunity or obligation for hedge funds and alternative investment firms? / Appendix - GIPS
2010: Overview of key changes to GIPS provisions 0. to 5. / Contacts / Upcoming GIPS conferences and seminars
(PDF, German, 1003 kB)
Geneva persuades foreign hedge fund managers through tax system and quality of life
(PDF, German, 887 kB)
The worst of the storm has been weathered. But the consequences of the crisis will long be felt, as shown by a survey among small and
medium-sized companies.
(PDF, German, 347 kB)
Christian Sauter has the task of leading the “Strong city region” project to success. Although he's taking a back seat.
(PDF, French, 605 kB)
Source: L'Agéfi, 22 March 2010
Authors: Stéphane Muller, Mathieu de Wolff, Ernst & Young
They are important elements in client communication and relationships, yet bank statements are often not as transparent and personalized
as they should be.
(PDF, French, 275 kB)
Source: L'Agéfi, 22 March 2010
Authors: Alessandro Lana, Jean-Noël Ardouin, Ernst & Young
The number of structured products available has returned to the level from before the crisis. Clear classification is thus necessary.
(PDF, English, 432 kB)
IASB and FASB discuss significant issues to complete deliberations on insurance contract accounting.
(PDF, French, 85 kB)
The new amendment to the Franco-Swiss fiscal agreement
(PDF, German, 854 kB)
Source: Swiss Employee Benefit Plans, 18/03/2010
Authors: Patrik Schaller, Carmela Wyler-Schmelzer, Ernst & Young
Questions to do with pension funds can have an enormous and often underestimated influence when restructuring companies. Furthermore, it is
part of the task of the Foundation Board and the employer to regularly analyze the pension and change it if necessary.