September

United States (old) Image

US data suggest importance of global standards

01 Sep 2009

New US Treasury Department data show that US owners held over US$4.2 trillion of foreign securities at 31 December 2008, including US$2.7 trillion of foreign equity securities and another US$1.3 billion of foreign long-term debt.

On the flip side, foreign owners held around US$3.0 trillion of US equities and US$6.5 trillion of US long-term debt. These data are further evidence for a single set of accounting standards for both US and non-US reporting entities.

US Holdings of Foreign Securities: (US$ billion) Source: US Treasury Department, preliminary data released 31 August 2009

Type of Security

31 Dec 2007

31 Dec 2008

Long-term Securities

6,855

4,009

– Equity

– 5,248

– 2,748

– Long-term debt

– 1,607

– 1,261

Short-term debt securities

357

282

Total

7,212

4,291

Foreign Holdings of US Securities: (US$ billion) Source: US Treasury Department, data released April 2009

Type of Security

30 June 2007

30 June 2008

Long-term Securities

9,136

9,463

– Equity

– 3,130

– 2,969

– Long-term debt

– 6,007

– 6,494

Short-term debt securities

635

858

Total

9,772

10,322

 

Canada Image

Deloitte Canada Countdown IFRS transition newsletters

01 Sep 2009

Deloitte Canada has published the August 2009 issue of their Countdown IFRS transition newsletter, to discuss practical issues Canadian companies are facing in IFRS transition as well as to provide an update on recent IFRS events.

Articles in this issue include:
  • How Fair is Fair Value?
  • 'The Real Deal' – real issues and solutions on IFRS transition relating to Investment Property
  • CSA Staff Notice 33-314 Relating to Non-self Regulatory Organizations
  • Deloitte Publications and Events and How to Access Them
  • An Update on Current IFRS events – including various important EDs and Discussion Papers
Click below for: You will find more information about financial reporting in Canada on our Canada Page.

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