International organizations have long waged a campaign against tax base erosion and profit shifting. Hong Kong is part of the battlefront and, as A Plus reports, multinational corporations will have to prepare for BEPS requirements – by adapting to new rules or even by changing their business models. Hong Kong last month edged closer to… Read More Steps towards BEPS
An insurance broker acts as the agent of policyholders or potential policyholders and is committed to provide its services in the policyholder’s best interest at all times. Insurance brokers assist policyholders with assessing their insurance needs, negotiating with insurers for better terms and premiums, or advising on matters related to insurance. In Hong Kong, an… Read More Insurance brokers: Accounting for premiums receivable from policyholders
In the A Plus April 2016 issue, we provided an overview of what to expect from the International Accounting Standards Board’s Disclosure Initiative project. A lot has happened since then. Right now, possible changes to the way a company presents its financial performance, financial position, cash flow, equity and additional notes are being debated. All… Read More Shaping the future of IFRS together
A considered framework to steer and support charity accounting and reporting can provide the basis for a better managed and more accountable charity sector. The charity sector is significant, both socially and economically. The activities of charities, including such well-known organisations as Cancer Research and the Royal Society for the Protection of Birds in the… Read More Charity accounting and reporting: big challenges, big changes
By Carol Hislop The International Accounting Standards Board (IASB) has issued a new standard which will have significant operational implications for companies. International Financial Reporting Standard (IFRS) 17 Insurance Contracts replaces IFRS 4.
What does the future of corporate reporting look like, what are the opportunities and challenges and where are the barriers to change? This report captures the views of key stakeholders on the topic, puts forward principal policy options and invites further debate.