A tailored service and a consistent methodologyAround the world, the journey to success is governed by increasingly complex and broadening regulatory requirements and stakeholder demands. | 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. Meeting today’s financial challenges A number of transformational events and trends are reshaping the global business landscape. Financial challenges currently facing companies around the world must be addressed by management, the audit committee and external auditor. Assess your most critical business issues (pdf, 2.2mb) and identify the best way to respond to those challenges. IT: a vital player in IFRS planning IFRS conversion can have a sweeping impact on IT and financial reporting processes. But system changes can be expensive and disruptive. CIOs and IT leaders must discuss the merits of capital investments now vs. longer term. Discover how IT planning helps to overcome conversion complexities. Read IT Must Play a Key Role in Adapting to IFRS (pdf, 91.8kb) , published in Bank Systems & Technology. IFRS can advance IT transformation Conversion is an opportunity to enhance reporting processes. But institutions struggle with the necessary changes to financial reporting infrastructure. Given the inflexibility and complexity of legacy systems, such transitions are rarely simple. Learn how early scoping for IFRS can accelerate IT transformation initiatives. Read Accounting for New Rules (pdf, 120.2kb) , published in Insurance & Technology. IFRS risk planning and controls execution If you’ve been delaying the conversion process to IFRS, you might want to consider utilizing Internal Control over Financial Reporting (ICFR) personnel and operational audit staff. They can evaluate the IFRS’ effects on your business operations and help prepare your internal control and operational risk systems for IFRS now. SEC in Focus Our latest issue of SEC in Focus summarizes current activities and regulatory developments at the SEC. The newsletter provides an update on activities and events relating to SEC matters including proxy reform, formation of the Investor Advisory Committee, securities markets and significant enforcement actions. Standard Setter Update The Standard Setter Update highlights significant developments in financial accounting and reporting, as well as summaries of proposals presently under consideration by the FASB, EITF, SEC, AICPA, GASB and summarizes certain PCAOB rulemaking initiatives. The publication is current through 10 July 2009. Guidance for first-time adoption of IFRS This publication (pdf, 916kb) is designed to assist you in understanding the requirements of first-time adoption, and in particular the mandatory exceptions and voluntary exemptions, under IFRS 1 and how IFRS 1 may affect US issuers transitioning from US GAAP to IFRS. |
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