June 30, 2020

Singapore’s restructuring and insolvency landscape

The new Singapore Insolvency, Restructuring and Dissolution Act 2018 (IRDA) was passed by the Singapore Parliament on 1 October 2018 but has yet to come into force.
June 26, 2020
Financial reporting in a time of crisis

Financial reporting in a time of crisis

26 June 2020: ICAEW CEO Michael Izza explains the importance of going concern for auditing the effects of COVID-19, and how the Institute is supporting members with new resources. This is a time when businesses face the double challenge of not only struggling – indeed surviving – from day-to-day, but […]
June 26, 2020
Europe could set the standard for non-financial reporting

Europe could set the standard for non-financial reporting

15 June 2020: in a new paper, ICAEW has called for a ‘bridged’ European and international approach to standard-setting. Nigel Sleigh-Johnson, Director, Technical Strategy Accountability Group and Susanna Di Feliciantonio, Head of European Affairs, explain why. The COVID-19 pandemic has battered human, social and economic capital across the globe. To […]
June 21, 2020

IAS 36: Impairment of Assets

IAS 36 Impairment of Assets provides that goodwill impairment loss should be “allocated between the parent and the non-controlling interest on the same basis as that on which profit or loss is allocated” (paragraph C6).
June 21, 2020

Repositioning for the new reality

When the dust finally settles on the coronavirus disease (Covid-19), the pandemic will leave behind an indelible mark in the history of mankind. The world will change.
June 21, 2020

How businesses can respond during Covid-19

The coronavirus disease (Covid-19) has infected people in 216 countries and territories, sent stock markets crashing to new lows, caused unemployment to spike to record highs, and is likely to send many advanced economies into recession this year.
June 21, 2020

IAS 7 Statement of Cash Flows and its Proposed Amendments

The International Accounting Standards Board (IASB) initiated a project on primary financial statements in June 2015 as part of IASB’s plan to promote better communication in financial reporting.
June 21, 2020

Don’s Column: Will Robots Take Over The Accountant’s Job?

A few years ago, a website was launched that claimed to rank various professions according to their likelihood of automation.
June 21, 2020

Managing Cyber Risk with Smart Cyber

In the digital age, artificial intelligence (AI) technologies are starting to have the same kind of game-changing impact that factories and assembly lines had on manufacturing at the dawn of the industrial age, dramatically improving efficiency and enabling new products, services, and business models that simply were not possible before.
June 21, 2020

Why Named Ranges Are A Necessary Nuisance in Excel

When you get to the world of advanced financial modelling, you can find very strongly held views on big topics. Emotions run so high you start to understand why most financial modelling standards have been written by one person.