• Audit Committee Bulletin: October 2014

    Economic, regulatory and political forces continue to affect the risk management, financial reporting and governance of European businesses. We explore some of the top issues.

  • Reporting: Issue 8

    In this issue, we explore ways of measuring and evaluating the value of a sponsorship deal. We also highlight some of the key reporting and governance issues facing companies today.

  • Promote board diversity to accelerate performance

    Boards need to understand the value in diversity and act now. We explore the topic and provide an action list for board chairs.

  • Investment Funds in Luxembourg 2014

    The purpose of this technical guide is to provide, in a clear and concise format, an introduction to Luxembourg as a center for investment funds, the types of funds available and a summary of the regulations applicable to the formation and operation of Luxembourg investment funds.

  • The Luxembourg Financial Connection - Issue 22

    EY’s newsletter on regulatory, leading practices and market developments in the financial services industry from a Luxembourg perspective - including seven articles and covering over 60 new developments.

  • Anti-Money Laundering

    Gaining a competitive advantage by protecting your reputational risk? An effective Anti-Money Laundering (AML) implementation within your organisation will boost you in the right direction.

  • Audit Committee Bulletin: June 2014

    We address the risk and governance topics that are top of minds in audit committee meetings and network discussions across Europe and beyond.

  • Reinforcing the commitment to ethical growth

    Our latest fraud survey reveals a concerning level of global fraud bribery and corruption with boards struggling to respond to existing and emerging risk.

  • Reporting magazine: Issue 7 - May 2014

    In the latest issue, learn why investors are placing increasing importance on non-financial indicators, how big data can improve business performance, and more.

Assurance Services

Meeting today’s auditing, financial and reporting challenges

The global business landscape is being reshaped by transformational events and trends. And that means the financial and reporting environment is also being reshaped, resulting in significant challenges for management, boards, audit committees and auditors.

We can help you understand and address today's most critical financial and reporting issues.


  • Accounting change

    Sweeping changes to accounting standards are coming — are you ready?

    You operate in an increasingly uncertain business environment, complicated by the unprecedented range of potential changes to accounting standards. In this environment, management and audit committees are asking what they should be doing today to ready themselves for such significant change.

    The IASB and FASB have undertaken a number of ambitious standard-setting projects to improve both IFRS and US generally accepted accounting principles as well as to work to achieve convergence. These new standards, when issued, are expected to significantly alter accounting treatments and disclosures in several critical areas, including financial instruments, leases and revenue recognition. The number of standards being revised is significant, but of greater importance is how the accounting for common transactions will change as a result of these standards.

  • Fraud

    Fraud, bribery and corruption continue to expose companies to heightened financial, regulatory and reputational risk

    The findings of our European fraud survey 2011 indicate that there remains a widespread tolerance of unethical behavior that goes to the very top of a business. They show that, across Europe, bribery and corruption are considered to be rife, while few individuals are willing to recognize that it could happen in their own industry sectors. Despite this, respondents to our survey indicate that there has been a decline across the board in the use of anti-fraud and anti-bribery measures precisely during a period when the incentives to act unethically have been the highest.

    There exists a real need for companies and those charged with their governance and oversight, to revisit their focus on the risks of fraud, bribery and corruption. Given the current environment, more robust anti-fraud and anti-corruption efforts are an imperative.

  • Corporate governance

    Increasing transparency, improving control

    Economic conditions generally improved during the past year, but uncertainties still remain. 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.

  • Sustainability reporting

    A growing trend toward disclosure of nonfinancial information

    In the face of mounting pressure to be transparent, an increasing number of organizations are choosing to report on sustainability or corporate social responsibility (CSR). Sustainability reports help internal and external stakeholders understand how well the organization adheres to the "triple bottom line" of environmental, social and economic performance.

    Seven things you should know about sustainability reporting

    1. 3,000+ companies issue sustainability reports.
    2. Stakeholders increasingly expect companies to provide sustainability reports.
    3. Sustainability reporting can bring operational improvements, strengthen compliance, and enhance corporate reputation.
    4. Reports should contain key performance indicators (KPIs) relevant to the reporter's industry such as materiality, stakeholder inclusiveness, sustainability context, and completeness.
    5. Sustainability reports are more closely monitored than ever before.
    6. Sustainability reporting presents many challenges, including:
      • Data consistency
      • Striking a balance between positive and negative information
      • Continually improving performance
      • Keeping reports readable and concise
    7. Sustainability reports can be a valuable communications tool. They can help with cutting costs, efficiency, achieving business imperatives and accountability.

    Visit our global Climate Change and Sustainability Services site.



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EY - Reporting Magazine: Issue 7

Reporting magazine: Issue 7 – May 2014

In the latest issue, learn why investors are placing increasing importance on non-financial indicators, how big data can improve business performance, and more.

EY - Mining big data to mitigate corruption risk

Mining big data to mitigate corruption risk

Advanced forensic data analytics tools can help companies manage the risks of fraud and corruption. Learn how in our Global Forensic Data Analytics Survey.

US GAAP and IFRS convergence

IFRS implementation continues worldwide

Visit ey.com/ifrs to keep up with IFRS developments, including US/IFRS convergence activities.