Practice
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IASB moves towards US GAAP on Asset Disposals and Discontinued Operations
The International Accounting Standards Board (IASB) has issued requirements relating to asset disposals and discontinued operations. The requirements, which are…
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New IFAC Guidance Addresses Anti-Money Laundering and the Role of the Professional Accountant
Governments, regulators and the global business community are increasingly calling on accounting practitioners to contribute to the battle against money…
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FASB announces options expensing rule
Renewing one of the most politically controversial battles in financial history, accounting rule-makers in the US have announced a formal…
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IASB Issues Standards on Business Combinations, Goodwill and Intangible Assets
The International Accounting Standards Board (IASB) has issued International Financial Reporting Standard 3 Business Combinations (IFRS 3), and revised Standards…
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IASB Issues Standard on Insurance Contracts
The International Accounting Standards Board (IASB) today issued International Financial Reporting Standard 4 Insurance Contracts (IFRS 4). The publication of…
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EU, US reach agreement on auditor oversight
The European Commission has said it has reached an agreement with the United States over the oversight of auditing firms,…
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Judge halts KPMG fees in WorldCom dispute-source
A U.S. bankruptcy court judge on Friday halted payments to WorldCom accountants KPMG after a coalition of states said the…
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Shell denies auditor refused to sign accounts
Royal Dutch/Shell on Sunday denied a newspaper report that its joint auditor KPMG had refused to sign off accounts due…
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Ernst & Young to host regional tax conference in Dubai
Ernst & Young, the Middle East's largest assurance and business advisory firm, will host a regional conference to address vital…
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ICAP issues circular regarding review of SAPs and SSAPs
The Institute of Chartered Accountants of Pakistan (ICAP) has issued the following circular regarding review of SAPs and SSAPs issued…
