Archives
FASB Provides Guidance on Reporting Discontinued Operations
April 11th, 2014
The Financial Accounting Standards Board has issued new guidance on representing when a company or organization discontinues its operations. Accounting Standards Update No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued ...
Russia suspended from Europe’s human rights body
April 11th, 2014
Members of the Council of Europe voted on Thursday to suspend Russia from the European human rights watchdog over its annexation of Crimea. Parliamentarians from 47 countries at the Strasbourg-based body voted by 145 to 21, with 22 abstentions, ...
31% of businesses expect to grow through M&A in next 3 years
April 11th, 2014
The Grant Thornton International Business Report (IBR) reveals that global M&A activity has risen from this time last year, with dynamic businesses leading the way. The results confirm that leaders of the world’s most progressive businesses view acquisitions as ...
Third of SMEs do not have a business plan
April 11th, 2014
A third of SMEs say they do not have a business plan despite evidence that those that do are consistently more profitable and more than twice as successful in achieving their goals, according to research from software provider Exact. ...
Regulators suggest firms take deep dive into audit quality
April 11th, 2014
While acknowledging that auditors are under unprecedented scrutiny, an international association of audit regulators is asking audit firms to analyze causes of problems in audits globally in hopes of finding remedies. Lewis Ferguson, chair of the International Forum of ...
The billion-dollar bash – how post-crisis investigation work is changing the way law firms advise banks
April 11th, 2014
With banks setting aside eye-watering sums of money to meet liabilities generated by the fallout from the financial crash, in-house legal departments and law firms are having to rethink their business models. Alex Newman reports By any standards, $23bn ...
USD/CHF erodes weekly S2
April 11th, 2014
Pair’s Outlook USD/CHF maintains the course south. If it closes lower today as well, it will be a fifth bearish candle in a row. And while the decline itself should not be a surprise, since the pair is currently ...
Wealth Within Ltd pays $20,400 in penalties over misleading advertising
April 11th, 2014
ASIC has issued a press released informing that Wealth Within Limited has paid $20,400 in penalties after ASIC issued two infringement notices for misleading online advertisements. The advertisements related to the investment returns of Wealth Within’s individually managed account ...
FCA warning for unauthorised firm
April 11th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a Warning informing the investors that “Stover Limited” is not permitted to provide any financial services or products. Furthermore, FCA points out that “Stover Limited” is neither regulated nor ...
ASIC obtains orders cancelling 15 million shares held in Northwest Resources Limited
April 11th, 2014
Following an application by ASIC, the Federal Court of Australia has ordered the cancellation of 15 million shares in ASX-listed Northwest Resources Limited (Northwest) that were held in the name of Craigside Company Limited (Craigside), a company incorporated in ...
