Accountancy Age has reported that:
The One World Trust received a formal complaint about the IASB report into NGOs and its accountability this week.
And it has noted that:
One of the authors of the report, Michael Hammer, said the report was about systems rather than necessarily about performance.
‘The report is about capability, not necessarily about the practice [...]
Accountancy Age reports that:
Senior US figure urges banks to create transparency instead of making changes to accounting rules at New York International Federation of Accountants’ World Accountancy Forum
I’d agree with that.
It’s clear the IASB has got things seriously wrong in obsessing with measurement. What people want is disclosure.
Country-by-country reporting is a disclosure standard that will [...]
As part of its report on Global Accountability the One World Trust published a case study on the International Accounting Standards Board under the title
Good Practice Case Study 5: The IASB explains how its due process creates consistency in stakeholder engagement
Note that they published what the IASB had to say. And I’ll also reiterate what [...]
I am still, when writing this, trying to get a mail to the One World Trust.
Prem Sikka thinks he has succeeded. He said:
Dear Sir
From what I have seen of your 2007 [Global Accountability] report I must say that it is a disappointing document. It hardly understands the operations, history, funding, control, significance, domination and capture [...]
I tried to send an email protest to the One World Trust regarding their commendation of the IASB, noted below.
I used the email addresses on their web site.
My mail was rejected.
I called and asked why. It’s because they have a “very high spam filter”.
So much for their engagement. You have to plead by phone for [...]
Accountancy Age has reported that:
A global accountability report published today by the One World Trust, credits the International Accounting Standards Board for having the best developed external stakeholder engagement capabilities amongst 30 of the world’s most powerful global organisations.
As they say:
The news may come as something of a surprise to critics of the body, the [...]
Accountancy magazine has reported that IFRS 8 has been annulled by the EU. But as it notes:
A procedural hiccup has led to the adoption of IFRS 8, the controversial international standard on segment reporting, being delayed by 10-14 days.
Last week, the European parliament voted in favour of a resolution endorsing the standard, which allows listed [...]
The FT reported on Saturday that:
Companies doing business in “terrorist-sponsoring states” could once again have their names under scrutiny under a controversial plan being revived by the Securities and Exchange Commission.
What the SEC has suggested is the development of a mechanism to facilitate greater access to companies’ disclosures concerning their business activities in or with [...]
The EU Parliament approved the following motion concerning IFRS 8 this morning:
1. Accepts the Commission’s proposal to endorse IFRS 8 incorporating US SFAS 131 into EU law, which will require listed EU companies to disclose segmental information following the ‘through the eyes of management approach’;
2. Regrets that the impact assessment carried out by the Commission [...]
Not my suggestion, I got this one from the TaxProf Blog in the USA:
Google Norway does its best to avoid paying Norwegian taxes, but is this illegal?
The Norwegian newspaper Dagens Næringsliv reports today that Google does its best to avoid paying taxes to the Norwegian government.
Google Norway had an official turnover of NOK 33.6 million [...]
