Tag: ernst & young

The IASB’s new rules on accounting for leases should encourage firms to embrace balance sheet transparency.

IASB rule change promotes transparency for investors and shareholders.

Updates to the FASB reporting guide regarding discontinued operations will expose companies’ strategic business shifts more easily. CT finds out how to mitigate this new risk.

A ban on auditors of US-listed Chinese companies threatened by the US regulator is unlikely to affect Hong Kong Chinese listings.

A pilot reform that allows foreign guarantors on loans to small and medium enterprises (SMEs) in China is enabling new strategies for cross-border funding and parallels China’s foreign exchange liberalisation.

As the IASB proposes changes to the international accounting standards on lease accounting, CT asks Yin Toa Lee, Ernst & Young’s partner in financial accounting advisory services, what adjustments firms should consider during the transition.

Establishing a business in the newly-formed free trade zone (FTZ) in Shanghai comes with a host of benefits, including lower administration fees. CT asks the experts what companies can look forward to.

The US and China have agreed to allow the US accounting watchdog to access audit papers of US-listed Chinese firms alleged of fraud. A handful of the major accounting firms were holding off supplying the information for fear of breaking Chinese law.

Shareholder and regulatory pressure has spurred companies to conduct more compliance checks. CT asks Torsten Duwenhorst, partner of forensic technology and discovery services at Ernst & Young, how to maximise value from these data mining.

Derivatives regulation is pulling end-users to exchanges. CT analyses newly-available tools and the costs incurred moving onto an exchange.

The US has issued final rules compelling foreign financial institutions to reveal details of US taxpayers who deposit money with them and their US-related transactions. CT asks Florence Carr (pictured), Asia-Pacific FATCA expert for Ernst & Young, how to comply.

With plentiful natural resources and growth potential, African governments and investors are wrangling over the rewards Africa holds. Rendani Neluvhalani, a Beijing-based international tax services partner at Ernst & Young, evaluates the lay of the land.