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Governance and reporting - Ernst & Young - Global

Increasing transparency, improving control

The world is demanding greater corporate transparency. Investors want access to more accurate and relevant information about companies, transactions, markets and risks. Regulators are moving to exert more control.

There’s much debate about how corporate governance should evolve. It’s a debate that’s being held against a background of legislative and regulatory change, the implementation of International Financial Reporting Standards and increased public scrutiny. We believe that global coordination is a necessity, not a luxury, in today’s interconnected and interdependent markets. Regulators and standard-setters need to continue to work together, to promote global consistency.

Ernst & Young has extensive financial reporting and corporate governance knowledge and experience, gained across all markets and geographies. We use this to support you in areas such as pensions, financial instruments, direct and indirect taxes, foreign currency, subsidiaries, joint ventures, provisions, disposals and impairment. Whatever your requirements, we assemble multi-disciplinary teams that can address your most complex issues, using our proven global methodology and deploying the latest, high-quality auditing tools and perspectives.

IASB projects and improvements

The International Accounting Standards Board's work plan includes more than 30 active projects, including plans for numerous new standards and amendments. In addition, the Board continues to work on non-urgent but necessary amendments to IFRSs through its Annual Improvements project. See our comments on these projects.

2009 Global transfer pricing survey

Transfer pricing is the No. 1 tax issue for multinationals. So how do the rules differ from country to country? How has the economic crisis impacted them? We surveyed experts and tax authorities in 49 jurisdictions to find out.

Improving program evaluation in government

Program evaluation is an essential tool for a government committed to societal change. Government matters (pdf, 470kb) explores the challenges in continuously improving the approach to evaluation.

Accounting for product returns in the life sciences industry

Life sciences companies often provide rights of return to distributors and must address multiple issues to account for these rights. Among other things, companies must determine if they can reasonably estimate future returns in order to recognize revenue at the time of sale to the distributor. This publication (pdf, 146K) addresses the accounting and reporting considerations related to return rights.

Financial reporting in a time of crisis

The economic crisis presents an opportunity to modernize financial regulation in a way that will help to prevent future financial meltdowns, while also promoting global economic stability and opportunity (pdf, 62kb), said EY Chairman and CEO Jim Turley in a speech to the Commonwealth Club in San Francisco.

Creating competitive advantage

In today’s business environment, the role of risk management and internal controls has taken on crucial importance and visibility. "The future of risk management and internal controls"  provides an overview of a leading practice risk and control framework and addresses how companies can better align and coordinate risk management and internal control activities for improved performance.
Germany, businessman using mobile phone in train station

  Lessons from change

Lessons from change - walkway through trees


What have we learned from the economic downturn? We’ve met with senior executives across the globe throughout the year – and compiled these insights.


Conversations with the new champions
 

Smiling Businessman

The World Economic Forum’s Annual Meeting of the New Champions, 2009 saw a whole new generation of business leaders share their wisdom on the road out of recession. Watch our videos for their insights on:


Public sector: Rebuilding for the future

While governments across the world try hard to cope with the huge debts incurred in recession, the emphasis seems to be shifting from short-term measures and emergency remedies to long-term planning for rebuilding for the future. Get an in-depth view of the public sector and the economic crisis.

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