RSM Global

Audit and assurance

Intelligent insight and smart feedback.

People are only as good as the tools they possess. So, to consistently deliver high-quality auditing services, we are always investing in auditing methods. We keep our ear to the ground so we can closely follow the latest developments and share them throughout our network.

Staying alert to risk is always a priority. That’s why we devote a considerable amount of attention and resources to ensuring our methods are compliant with the International Standards on Auditing.

Issue 56 – IFRS News In Brief

RSM's monthly IFRS news round-up.

Are investment funds shortchanged by the exemption from consolidation with more efforts and disclosures required by fair value accounting?

Amendments to IFRS 10, Consolidated Financial Statements, IFRS 12, Disclosure of Interests in Other Entities and IAS 27, Separate Financial Statements on Investment Entities (IE) provide an exemption from consolidation for investment funds and similar entities. As such, an IE records its investments in subsidiaries at fair value through profit or loss, instead of consolidating them. The main reason for such preferential treatment is that the IE operates in a unique business model where fair value information is provided to its users and such fair value information is more useful for the stakeholders within the IE’s ecosystem. However, the assessment whether an entity qualified as an IE is not straightforward. Let us explore closely.

RSM Reporting - Issue 26

As we enter into the second decade of IFRS in Europe, in this issue we reflect on the lessons learnt from the past and on what we should look forward to in the next decade. Our guest contributor, Dr Nigel Sleigh-Johnson, Head of the Financial Reporting Faculty at ICAEW, shared with us his insightful views, providing a start to the New Year under the best auspices of a promising new decade of IFRS.

Issue 55 – IFRS News In Brief

PUBLICATIONS AND ANNOUNCEMENTS Accounting changes for transactions between investors and associates or joint ventures postponed

Issue 54 – IFRS News In Brief

PUBLICATIONS AND ANNOUNCEMENTS Proposed guidance on transfers of investment property open for comment until 18 March 2016 On 19 November 2015, the IASB published an exposure draft aimed at clarifying the existing guidance on transfers to, or from, investment properties in IAS 40.

RSM Reporting - Issue 25

In this issue we report on the IASB’s endeavour to publish a new Conceptual Framework, which is approaching a successful completion.

Issue 53 – IFRS News In Brief

PUBLICATIONS AND ANNOUNCEMENTS Proposed Interpretation for uncertainty over income tax treatments open for comment until 19 January 2016

Issue 52 – IFRS News In Brief

PUBLICATIONS AND ANNOUNCEMENTS IFRS 15 Revenue from Contracts with Customers amended for its effective date

Communication is pivotal for global manufacturer

Case study details   Sector: Engineering and ManufacturingClient: One of the largest manufacturers of plant and heavy machinery with revenue in excess of ¥6b Requirement: Audit, Financial Statements & Advisory Region: Worldwide

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