Financial & Accounting Advisory ServicesFocus on the issues that matter Our assurance professionals have a breadth of experience to deliver relevant business and industry insights to you and our culture promotes internal teaming across all our service lines, including Assurance, Advisory, Tax and Transaction Advisory Services. As a result, our professionals are instilled with confidence not only to focus on the issues that matter to you, but to be the first to address those issues with you. Through our Financial & Accounting Advisory Services, we can provide assistance on many of your current critical issues, including IFRS conversion support, implementation of new accounting standards, accounting experience during financial due diligence, accounting control or process support and assistance with public offerings.
Through our commitment to thinking and being progressive, we strive to meet your needs as the global markets and your company continue to change, as do the issues most important to you. | Counterparty nonperformance risk
Counterparty nonperformance risk (pdf, 655.3kb) is a key risk that warrants increased focus by management and audit committees. This publication highlights important accounting and reporting considerations including identifying key risks in the current market.
Addressing XBRL
eXtensible Business Reporting Language (XBRL), is single digital financial reporting standard which makes it possible to store business and financial information in a computer-readable format. XBRL doesn’t change the accounting standards or methods used for business and financial reporting, but it is predicted to have a profound impact on various stakeholders. Our publication Addressing XBRL (pdf, 919kb) explores key questions including:
- Regulatory compliance
- Benefits and Return on Investment
- Investor relations
- XBRL and IFRS
Current Economic Conditions
The accounting and financial reporting implications of the current economic environment continue to be at the forefront of many companies’ and audit committees’ minds. We have comprehensively updated the booklet Current Economic Conditions (pdf, 1.4mb) to assist you in understanding and addressing certain accounting and financial reporting issues that may warrant increased focus because of the current market conditions.
The top 10 business risks for 2009
What challenges are likely to affect your company in 2009 and beyond? The credit crunch aftershocks and the deepening global recession rank as the most important business risks for 2009, displacing regulation and compliance from the top spot. Green initiatives, competition from new entrants, human capital issues and reputational risk all rose in The 2009 Ernst & Young business risk report — the top 10 risks for global business.
BoardMatters Quarterly June 2009: Audit committees: Looking forward in a time of uncertainty
Despite the challenging fiscal climate, there are a few optimistic signs of change in today’s economic environment. This issue of BoardMatters Quarterly (pdf, 2.3mb) is dedicated to helping audit committees understand the issues that lie ahead and suggests areas of focus going forward. Learn more on our Audit Committee site.
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