Asia Economic Outlook: July 2018

As we moved into the third quarter of 2018 there is cheer in most countries' GDP -many recording constant GDP and growth. China the 2nd largest economy in the world and the big brother of Asia recorded a 6.9% growth in 2017. The GDP translated to almost US$13trillion and is forecasted to grow to US$13.3 trillion  for 2018 with GDP [...]

By |July 19th, 2018|Categories: Asia, Outlook|

China Gradually opens up Financial Sectors to Foreign Entities

Up to APRIL 2018, foreign entities cannot own a majority or control joint venture securities firms in China. The industry is considered by the government as one of the ‘protected sectors’. Over the last 2 years the Chinese government have been studying to open up the capital markets to foreign investors as part of its plan to make China capital [...]

By |July 19th, 2018|Categories: Asia, News|

Failed Corporate Governance as the Handmaiden of Financial Fraud

Financial reporting frauds (also called management frauds) have become endemic, with huge losses being inflicted upon shareholders, creditors and others.  Some of the most infamous frauds of the past two decades – Enron, WorldCom, Satyam, Olympus, Toshiba, and Parmalat being a small sample – have implicated the same key concerns.  These include:  the deviant "dark triad" personalities of "C-suite" executives; [...]

By |July 18th, 2018|Categories: Research|

IFRS for Small and Medium-Sized Entities

On July 9, 2009, the International Accounting Standards Board (IASB) issued International Financial Reporting Standards (IFRS) for Small and Medium-Sized Entities (SME). The stated goal of the standard is to provide a simplified, self-contained set of accounting principles derived from the full IFRS to be used by smaller, non-listed companies. The perceived need for a stand-alone set of simplified standards [...]

By |June 19th, 2015|Categories: General|