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The sinking of a standard setter

The sinking of a standard setter

Europe’s largest economy could be without a national accounting standard setter in six months time. Carolyn Canham finds that problems with funding and concerns that the German Accounting Standards Board does not represent the majority of German views are among the issues that could lead to its downfall

 


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Mexico survey: Growing pains

Mexico survey: Growing pains

Mexico’s accounting firms are coming to terms with the loss of a ‘bread and butter’ service, a new peer review system and preparation for IFRS. To build a world class profession, there must be some growing pains

Constituents call impairment draft unworkable

Constituents call impairment draft unworkable

Proposals from the International Accounting Standards Board to update accounting for the impairment of financial instruments have attracted close to 200 responses. Although there is wide support for the IASB’s concepts, there are implementation concerns

Research: Transparency trends identified

Research: Transparency trends identified

A report on voluntary and mandatory approaches to sustainability reporting has identified three global trends. KPMG’s Wim Bartels speaks about integrated reporting, progressive governments and the work towards non-financial reporting standards