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As all of Taiwan-listed companies will be required to use IFRS (International Financial Reporting Standards) for accounting beginning 2013, they have to modify their existing accounting systems or introduce IFRS anew, which is expected to generate demand for IT software/hardware and consulting services with a market potential estimated at NT$70 billion (US$2.19 billion), according to the ...

Financial Accounting Standards Board Fights Off New Attack by Top Legal Execs

The Financial Accounting Standards Board, which sets the rules for U.S. corporate accounting, is fighting off a new attack by more than 100 of the country's top legal executives. The embattled board recently sparked the fight by reviving a proposal to require corporations to report possible financial litigation losses. Critics say that plaintiffs' lawyers could use the disclosed information to ...

Global accounting framework for integrated sustainability reporting

Rachael Singh, Financial Director , Friday 27 August 2010 at 15:10:00 Top CFOs and regulators are driving an initiative to form a global accounting framework for integrated sustainability reporting The chief financial officers of the London Stock Exchange, Nestle, EDF and Tata are among 34 accounting and regulatory figureheads that have formed a steering committee aiming to establish a single ...