Ernst & Young - Assurance - Ernst & Young - United Kingdom

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.

This issue contains the following articles:

• Improving supervision of the financial market: current European Commission initiative
• The shift to the European markets: an analysis
• IASB proposes guidance on recognising regulatory assets and liabilities

Download Capital markets news  465K, August 2009

Our latest research shows the market is still very difficult but that many companies are accelerating their initiatives either to secure additional cash or to shift their focus towards preparing for a more positive growth agenda. Clearly the crisis and the focus of management action will have major implications for how companies are reporting their financial performance. This report analyses recently filed reports to see if there are any lessons for companies as their seek to protect or restore one of their most importance and fragile assets – their financial reputation. Read Reporting in adversity: financial reputation challenges for European companies  1.86 Mb

It is an exhilarating and exhausting time to be a senior finance executive. Faced with the deepest downturn in a generation, CFOs must make certain that their companies survive the crisis without hampering their ability to grow when conditions improve. Although this downturn represents a significant challenge, it also provides opportunities for the CFOs’ business, including the opportunity to increase the profile of the finance department and advance their careers. Read CFO in adversity: protecting the present, preparing for the future  958K

Ernst & Young survey which assessed and analysed Interim Management Statements (IMS). The IMSs in the survey were issued by over 200 companies that formed part of the major indices of the four largest European stock exchanges in six countries. Download Interim management statements  1.1Mb, July 2009

Ernst & Young's annual Financial Reporting Outlook conference, being held on Monday 16 November in London, brings together industry leaders from the financial reporting community. Investors, regulators, rating agencies, standard setters and the partners and staff of Ernst & Young member firms will share their views on financial reporting and regulatory change both in Europe and globally.

This is an ideal briefing meeting for chief financial officers, controllers, finance managers, and others involved in financial reporting. Participants will have the opportunity to network with professionals and peers, and debate current issues in tailored breakout sessions.

Please click here for more details and to register for the event.

International GAAP^® 2009 is the definitive guide to interpreting and implementing IFRS, written by financial reporting experts from Ernst & Young's International Financial Reporting Group. This new and essential volume of practical guidance and expert interpretation deals with every aspect of applying IFRS appropriately and effectively and explains the many significant amendments to IFRS that become effective in 2009.

A series of flyers based on hot topics have been produced to help keep you informed. Click here to find out more.