Asia Economic Outlook: July 2018

By |2018-07-19T01:04:58+00:00July 19th, 2018|Asia, Outlook|

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 [...]

Failed Corporate Governance as the Handmaiden of Financial Fraud

By |2018-07-18T21:29:08+00:00July 18th, 2018|Research|

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.  [...]

IFRS for Small and Medium-Sized Entities

By |2016-11-16T09:22:12+00:00June 19th, 2015|General|

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. [...]