The purpose of the guide is to assist SMPs in managing their practices in an efficient, profitable, and professional manner. It will cover a range of topics, such as strategic planning, management structure, client relationships, managing finances and risk, partnership issues, networking, and succession planning. The deadline for submitting proposals is 19 October 2007. Click to download the Request for Proposal (PDF 204k).

 

This issue of Heads Up, titled Accounting Consequences of Subprime Loan Modifications, summarises a letter written by US Senator Charles Schumer wrote to the CEOs of the Big Four accounting firms, urging them to "assist this country's mortgage crisis by ensuring that your clients are aware of the recent SEC and FASB guidance on FAS 140, and by otherwise encouraging them to modify subprime loans at risk of default." Senator Schumer's letter refers to a June educational forum hosted by the FASB and a follow-up letter from SEC Chairman Christopher Cox to House Financial Services Committee Chairman Barney Frank. These are discussed in the newsletter.

Click here to view 29 August 2007 Edition of the Heads Up Newsletter (PDF 119k).

 

Click for Project Information.

Global Offerings Services is a global team of Deloitte practitioners assisting non-US companies and non-US practice office engagement teams in applying US and International accounting standards (that is, US GAAP and IFRSs) and in complying with the SEC's financial reporting rules. The GOs Newsletter is an update on relevant GAAP, regulatory, and other matters, webcasts, and publications, with hyperlinks to source material.

Click to view July 2007 Edition of the Deloitte Global Offerings Services Newsletter (PDF 150k). Past GOs Newsletters are Here.

 

The tentative agenda is available on our September 2007 IFRIC meeting page.

IASB Chairman Sir David Tweedie will chair the conference. On Wednesday afternoon, speakers will discuss IFRS financial statements from the perspectives of financial analysts, preparers, and regulators. Thursday's session will include a comprehensive technical update on IASB and IFRIC activities from three members of the IASB, plus technical breakout sessions. Considerable time is allowed on both days for audience comments and questions. Also,on Wednesday morning 29 August there will be five intensive half-day special-interest workshops for which conference participants can sign up. These will cover:

• IFRIC Update
• Insurance Contracts
• IFRS for SMEs
• IFRSs Teaching and Research
• US Market Update

Click for Conference Brochure (PDF 1,135k).

 

The policy was announced by Yohan Perera, President of the ICASL, at an international conference on 'Fair Value – A Paragigm Shift' sponsored by the South Asian Federation of Accountants in Colombo, Sri Lanka, on 25 August 2007. Currently, Sri Lanka has adopted many, but not all, of the latest IFRSs. Mr Perera also announced that Sri Lanka expects to adopt IAS 32 and IAS 39 in September 2007, to be effective in 2009.

 

It covers each of the 38 sections in the proposed IFRS for SMEs. The ACCA booklet includes a foreword by Paul Pacter, Director of Standards for SMEs at the IASB. The booklet was published in cooperation with the Eastern, Central and Southern African Federation of Accountants. To encourage consideration of the IASB's proposed standard in Africa, the ACCA is distributing 10,000 printed copies of the booklet throughout Africa. Click here to download the ACCA Summary of the Proposed IFRS for SMEs (PDF 356k). Posted with kind permission of the ACCA, a global professional accountancy body with 296,000 students and 115,000 members in 170 countries.

 

Each item in the financial statements is cross-referenced to the relevant source. On our Model Financial Statements Page you will find permanent links to the English, German, and Danish model IFRS financial statements as well as disclosure and compliance checklists.

Click to view the German Language Model IFRS Financial Statements for 2006 (PDF 2,036k, 133 pages).

 

XBRL (eXtensible Business Reporting Language) is a royalty-free computer software language that labels companies' financial and other data with codes from standard lists (taxonomies) so that investors and analysts can more easily locate and analyze desired information. Click to Download the XBRL Update (PDF 105k). The newsletter includes hyperlinks to various XBRL resources. We have some information on our XBRL Page.