A tailored service and a consistent methodology | Finance performance improvement starts with framework Amid signs of economic recovery, we suggest in The future of Finance (pdf, 248.8kb) that CFOs establish and implement a holistic framework that identifies weaknesses and potential improvements, and which helps enable Finance to be more effective, lower costs and help deliver more value to the bottom line. Accounting for customer loyalty programs Many entities use customer loyalty programs (pdf, 2.6mb) to build brand loyalty, retain customers and increase sales. The IFRIC recently issued Interpretation 13 Customer Loyalty Programmes which addresses how entities should account for such customer loyalty programs. This publication provides users with guidance about applying the new requirements of IFRIC 13. Ernst & Young Chairman and CEO welcomes IFRS Read the op-ed article by Ernst & Young Chairman and CEO Jim Turley, from the Wall Street Journal, arguing that US GAAP should be replaced by IFRS (pdf) by a specific date. Such a move would enable US companies to begin preparing now and would provide impetus to confront needed legal and regulatory changes, he says. Commitment to audit quality Our commitment to the quality of our audits is demonstrated by our global methodology and our thorough quality controls that are applied to every client engagement. Our substantial investments in knowledge, technology and learning resources for our audit professionals allow us to deliver quality assurance services to our clients. We can help you by assessing your procedures and controls relating to privacy and confidentiality, performance measurements, systems reliability, information security, and outsourced process controls. |
| |
/$FILE/12L00058.jpg)