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Audit

Ethics and the future of auditing

25 June 2018
In a global business environment, decision makers need to trust the information given to them more than ever before. Ultimately, audits are providing an informed opinion to the decision makers in a business about the accuracy and reliability of the information presented, allowing them to make critical business decisions.

RSM Reporting - Issue 29

20 February 2017
2017 promises to be a rather momentous year, with international trade being re-shaped on both sides of the Atlantic and in the Pacific regions and with new business models stemming from innovative technology and enterprises. What does this mean for the future of accounting? In this issue we continue to provide some insight into the foreseeable developments of IFRS in Europe, in conversation with the CEO and Chairman of the Technical Experts Group of EFRAG, Andrew Watchman.

The future of the audit industry: transaction to meaning

19 December 2016
Bob Dohrer, the global leader of quality and risk for RSM, comments on the current trends and the future of the audit profession

Reflections on the future of accounting and reporting - a conversation with Mark Vaessen

9 November 2016
Reflections on the future of accounting and reporting -  a conversation with the chairman of the Corportate Reporting Policy Group at the Federation of European Accountants, looking at the possible effects of Brexit on the development of IFRS.

Issue 58 – IFRS News In Brief

8 April 2016
Breaking IFRS news, including decisions by the IASB, comment letters, and upcoming comment letter deadlines.

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

29 January 2016
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.

A conversation with Nigel Sleigh-Johnson

29 January 2016
As last year marked the first decade of international accounting and reporting widely applied in Europe and a continuously growing number of other countries, it seems natural that we start the New Year reflecting on what the next decade of international accounting may look like and how we can influence it. To this end, I am grateful to Dr Nigel Sleigh-Johnson, Head of the Financial Reporting Faculty at ICAEW and co-author of ‘Moving to IFRS reporting: seven lessons learned from the European experience’, for sharing his personal views with us.

RSM Reporting - Issue 26

29 January 2016
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.

RSM Reporting - Issue 25

25 November 2015
In this issue we report on the IASB’s endeavour to publish a new Conceptual Framework, which is approaching a successful completion.