Economics / Insight

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

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

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

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 8, 2020

CAs working in retail talk about the unfolding crisis

The Covid-19 crisis has triggered an almighty shift in shopping. Big-name brands fight for survival, while supermarkets and online delivery services flourish. CAs working in retail talk about the unfolding crisis and the shape of shopping to come…
May 15, 2020

The Variable Capital Company

Singapore is viewed globally as a preeminent asset and wealth management centre in Asia Pacific, with a robust regulatory framework and business-minded government; it also provides an entry point to the region.
April 8, 2020

VIDEO: Coronavirus considerations for auditors

ICAEW’s Audit and Assurance Faculty shares a recording of its recent webinar looking at the challenges faced by auditors due to the spread of coronavirus: attendance at client sites, stocktakes, valuations, group audits and reporting dates. This webcast, hosted by the ICAEW Audit and Assurance Faculty considered the challenges faced […]
April 8, 2020
7 key points

ARTICLE: 7 key points to discuss with clients during COVID-19 shutdowns

This article was first published in Acuity Magazine, the magazine for members and students of CA ANZ. You can read the original version here. Share this COVID-19 business checklist with clients to help them navigate these uncertain times. By Andrew Barnden FCA The rapid spread of COVID-19 across the world […]
September 19, 2019

E-Payments and cashless societies (part 2)

As late as 2012, before mobile payments took off in earnest, 96% of payments transacted in China were in cash. Today, China’s Alipay, the largest such system globally, has one billion users around the world. That prompted Singapore Prime Minister Lee Hsien Loong to acknowledge in his 2017 National Day Rally speech that China has been leading the way in the e-payment space, even as the Singapore government was rolling out the Smart Nation initiative.