December

US PCAOB proposes $136 million 2007 budget

01 Dec 2006

The US Public Company Accounting Oversight Board has approved a budget of US$136.4 million for calendar year 2007, compared to $130.9 for 2006. The majority of the Board's outlays will be for personnel and related expenses to conduct inspections of registered public accounting firms.

To date, more than 1,700 public accounting firms have been registered by the Board, including approximately 750 firms based outside the United States. Firms with more than 100 public company audit clients must be inspected annually; firms with one to 100 public company audit clients must be inspected at least once every three years. The PCAOB expects to grow to a total headcount of 519 employees by year-end 2007, including approximately 250 inspections staff. This compares to an estimated 480 total and 230 inspections staff by the end of 2006. The budget is subject to US SEC approval. Click for:

Nearly 900,000 e-learning downloads from IAS Plus

01 Dec 2006

As of 30 November 2006, 878,254 Deloitte IFRS e-learning modules have been downloaded from IAS Plus by 228,600 visitors from 156 jurisdictions.

Deloitte's IFRS e-learning was launched at the end of January 2004. Many of the downloaded modules have multiple users because organisations are permitted to install them on their own servers for the internal use of their employees or students. In addition, hundreds of thousands of additional modules have been completed online and offline by Deloitte staff. You can always access IFRS e-learning without charge by clicking on the light bulb icon on the IAS Plus home page. Thirty-five modules are now available covering virtually all IFRSs. Because of the complexity of accounting for financial instruments, there are three modules on IAS 32 and IAS 39 (a general introduction and special modules on hedge accounting and derecognition). Deloitte is committed to maintaining the quality of our learning materials, and the IFRS e-learning modules are regularly updated to reflect changes and updates to the underlying standards. To check that you have the most up-to-date versions of the e-learning visit the version history page on the IFRS e-learning site.

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