Ven conmigo - Pontificia Universidad Javeriana

1 VADEMÉCUM Ven conmigo VEN CONMIGO Número 6, Junio de 2011 El Diccionario de la Real Academia Española nos enseña que VADEMÉCUM proviene del latín vade, anda, ven, y mecum, conmigo. Se trata de un “Libro de poco volumen y de fácil manejo para consulta inmediata de nociones o informaciones fundamentales”. Al terminar el período académico, los profesores del Departamento de Ciencias Contables de la Facultad de Ciencias Económicas y Administrativas de la Pontificia Universidad Javeriana (sede Bogotá) queremos destacar algunos sucesos recientemente ocurridos, reuniéndolos en este modesto vademécum, con el ánimo de profundizar nuestra conciencia sobre el permanente cambio de las disciplinas que enseñamos y como un fuerte llamado a la actualización de los programas de las asignaturas de los cuales somos responsables. Los invitamos a venir con nosotros en nuestro esfuerzo de mantenernos al día. ASEGURAMIENTO CONTABILIDAD FINANCIERA CONTABILIDAD GERENCIAL FINANZAS IMPUESTOS INVESTIGACIÓN REGULACIÓN SISTEMAS DE INFORMACIÓN 2 VADEMÉCUM Ven conmigo Accountancy Age Deloitte chief appeals to David Cameron on audit reform Exclusive- Bank of England to require regular meetings with bank auditors ICAEW wants to explore joint-audit option Chancellor seeks scrutiny of government-auditor talks Wales Audit Office accounts incorrectly pepared, says NAO Pickles goes cold on a 'mutual' Audit Commission Auditors should sign off on directors' decision-making process TUI loses board members after losing auditors KPMG walks away from TUI Travel audit American Apparel withheld audit information claims Deloitte E&Y sued over Lehmans audit E&Y's Anglo Irish audit role probed by regulators FTSE 250 firm chooses PwC as auditors Wikileaks reveals US concerns over PwC Yukos audits Profile- Sarah McCreath, head of consumer products and retail audit, KPMG Audit watchdog tightens non-audit rules Video- Chancellor seeks probe of bank-auditor relationship Commons authorities defend expenses audit qualification New rules to stop auditors from offering in-depth restructuring help Broader expertise needed to beef up internal audit FRC steers clear of auditor rotation call Firm caught up in Wales Audit Office probe Internal auditors next to give evidence in the Lords Auditor/audit committee talks should be in annual reports Auditors say it's time for action Top six firms welcome US and UK audit co-operation US audit watchdog gains access to UK auditors Three new members join US audit regulator PwC chief defends auditor/regulator cooperation No contact between watchdogs and auditors in the year before crisis Government thinking on audit market revealed EU audit reform needs debate say MPs Eden switches auditors to Grant Thornton MEP demands external auditor for EU FRC and FSA to share audit information PwC tenure as TUI auditors could be short-lived New firms capable of taking on local government audits Auditors must treat shareholders as their client PKF succeeds PwC as ViCTory VCT auditor Investors urged to vote against PwC's TUI audit appointment Minister has "serious concerns" over Big Four's audit dominance 3 VADEMÉCUM Ven conmigo Fanning the audit flames Auditors' role clarified by Pensions Regulator UK audits must cover UK non-financial info 'Audit must change' - Barnier Audit must aim higher FSA and BoE outline code to improve bank audit oversight Watchdog places transparency at centre of audit reform Audit Commission's demise risks audit independence Big Four challengers join forces to call for audit change UK bankers- 'audit appointments should stay with boards' Welsh watchdog auditors resign OFT backs 'reduced' audit to aid competition Fees will rise as Audit Commission is abolished Audit industry faces major overhaul Aero Inventory auditors investigated Minnow appointed as new TUI audit committee chairman Audit Commission off RSM Tenon's radar 2013 abolition timetable for Audit Commission US regulators investigates audit shortcomings PwC to audit Clarity Commerce Solutions Former PwC audit partner joins AADB Audit resignations throw suspicion on Chinese accounting Cable on audit- 'naivety that verges on madness' US audit reform debate not as raucous as in UKFirms 'doubt' FRC's audit direction Auditors reject lack of scepticism concerns Audit cool on reform SMEs will suffer without an audit Cable and the audit challenge Big Four speaks out on audit inquiry Beever and Struthers bumps KPMG off housing audit Audit Commission consultation rings in the changes Is Audit Commission the new player in townAudit shortcomings 'hard to miss' but solutions prove elusive Blog- Auditors face big change Lords accuse auditors of 'dereliction of duty' Bank auditors accused of "complacency" Auditing practices get timely overhaul KPMG wins Blackburn Rovers audit Lords report ties auditors in knots Audit committees- Have done well, but could do better OFT is on the audit case - hopefully Auditor clause investigation 'not a foregone conclusion' Auditors respond to Big Four clause investigation Audit inspection extended to mutuals It's good to carry on with SME audits Debate over value of SME audits rages 4 VADEMÉCUM Ven conmigo SME audits – why they should Auditors 'could have missed fraud' at Lloyds and RBS Audits 'not a prerequisite' for SME lending Public audit competition concerns don't wash with GT Is the Big Society too big for public auditBaker Tilly relinquishes audit over strained relations Public audit and the great independence debate PEM names new audit partner Institute fights for SME audits Public audit – to mutual, or not to mutualCan they put audit together againPwC India fined for audit debacle Audit Commission minister leaves observers in awe Lawson finally cracks a smile at Lords audit gig Scrapping Audit Commission risks market concentration, warns think-tank Minister claims abolition of Audit Commission is 'on track' Axing Audit Commission 'will save £50m' Local housing minister questioned on future of public audit Deloitte new auditors at Mitchells & Butler Licensed to auditGovernance and accountability 'weak' in public audit OFT to decide on audit inquiry Investors 'do care' about audit competition Ernst & Young wins RPS audit from BDO Auditors flag up £300k write-off at Valiant PCAOB considers mandatory rotation and audit reports PwC wins NetDimensions audit from Nexia Ministers favour transfer of Audit Commission work to private sector PwC trumps E&Y in hedge fund audit grab Video- OFT faces tough decisions over audit Externally yours- Is KPMG's integrated audit model attractiveKPMG extended audit 'viewed favourably' by inspectors E&Y trumps PKF in investment fund audit bid Crowe Clark Whitehill wins six Mazars audits BDO sued for $10bn by investors over Stanford audits ho will win Kabul Bank auditKPMG appoints new head of financial services audit UK-funded audit to clean up Kabul Bank EU green paper calls for softer stance on audit Internal audit 'integral to success' Metals Exploration seeks extension of auditor role "Next tier" outline benefits from OFT audit inquiry OFT decides audit market is 'distorted and restricted' Fundamental review of audit reporting launched  5 VADEMÉCUM Ven conmigo Accountants World Audits Add Shine to Firms No Audit At All- Deloitte and Bear Stearns KPMG Sued For Giving Tom Hicks "Clean Audit" Before $525-Million Default Auditors in the Doghouse When Auditors Fail to Audit Management Integrity- The Lynchpin of a GAAS Audit Navistar Sues Its Former Auditor Deloitte & Touche Clarified Auditing Standards- The Quiet Revolution PCAOB Will Weigh Audit Term Limits Using XBRL Global Ledger to Enhance the Audit Trail and Internal Control ‘Big Four’ Auditors Face Probe by U.K.’s Antitrust Regulator  Accounting and Corporate Regulatory Authority - Singapur Singapore's auditor oversight system recognised as equivalent to the European Union's ACRA attends the Ninth Meeting of the International Forum of Independent Audit Regulators (IFIAR) New Members Appointed To Auditing and Assurance Standards Committee  Actualicese Buenas prácticas para auditar la toma física de inventarios de fin de año – Auditool Lista de chequeo para revisar los estados financieros a 31 de diciembre – Auditool 15 situaciones que me dan indicios que una compañía puede tener problemas de negocio en marcha – Auditool La Auditoría Interna y los Objetivos Estratégicos – Auditool Aspectos claves a tener en cuenta en el cierre de una Auditoría de Estados Financieros. Primera parte – Auditool Riesgo, la palabra que deben tener en mente los Revisores Fiscales y Auditores ¿Y el papel de los auditores quéPuntos clave en la documentación de trabajos de Auditoría – Auditool ¿Los Auditores y Revisores Fiscales tienen las herramientas suficientes para combatir el fraude dentro de las empresasEnlace a Control de Calidad en Firmas de Contadores Públicos – Primer Elemento – Auditool Requisitos éticos relevantes en Firmas de Contadores Públicos – Segundo Elemento de un Sistema de Control de Calidad – Auditool Enlace a Entendimiento del negocio, clave para la identificación de riesgos – Auditool  AE Accounting Education Caq comments on european commission green paper on audit policy and the role of the auditor 6 VADEMÉCUM Ven conmigo PCAOB publishes staff audit practice alert on auditor considerations of litigation and other contingencies arising from mortgage and other loan activities. APB tightens ethical standards for auditors New Members Appointed To The International Auditing And Assurance Standards Board Apb Issues A Bulletin Setting Out Revised Example Auditor Reports On Uk Private Sector Financial Statements Apb Issues Revised Guidance On The Audit Of Insurers Iaasb Welcomes Incosai’s Declaration On International Standards Of Supreme Audit Institutions Uk Frc Calls For Audit Quality Across Europe To Help Reduce Systemic Risk Produced By Market Concentration Frc Proposes Enhancements To Company Reporting And Audit To Deliver Greater Value To Investors Center for audit quality release 2010 year in review highlighting their activities IAASB addresses assurance (other than audit) on financial statements; exposes enhanced review engagement standard Chartered Accountants Ireland publishes paper on audit reform Apb issues revised guidance on the audit of friendly societies Fsa And Frc Extend Cooperation And Information Exchange On Audit Issues Pcaob Issues New Standards On Audit Risk Assessment Findings from global survey reveal new direction for internal auditing Independent Regulatory Board For Auditors’ Committee For Auditing Standards Issues Revised Saaps 2 Pcaob To Hold Forums On Auditing In The Small Business Environment Frc Welcomes Publication Of Draft Code Of Practice To Enhance Dialogues Between Auditors And Supervisors Of Regulated Firms Time To Bring Audit Closer To Investor Needs Frc Ceo Tells European Auditing Conference Revised Guidance On Bank Reports For Audit Purposes In The Uk Issued By Apb Apb Amends Short Form Description Of Scope Of Audit To Make Narrative Review Focus More Explicit Apb issues feedback paper on auditor scepticism Lottery draw for municipal audit engagements in china - a step forward or backward? Uk Government Announces That No Small Firm Will Have To Have Independently Audited Accounts Any Longer Further Convergence Of Auditing Standards In China Institute Of Internal Auditors Is Seeking Authors, Researchers, And Contributors FRC Responds To House Of Lords Economic Affairs Committee Report On Auditors PCAOB Discusses Changes To The Auditor's Reporting Model APB publishes revised practice note on audit of charities in the UK FSA and FRC publish feedback on the role of auditors Proposed audit exemption points threshold too high to protect shareholders Lords' report recognises need to highlight value of audit process says ICAS APB issues revised guidance on the audit of banks and building societies in the UK IAASB continues focus on assurance engagements other than audits or reviews Audit Commission Prepares Itself To Become Audit Firm APB Issues Revised Guidance On The Audit Of Credit Unions In The Uk IIA Issues Guidance To Help Small Audit Shops Maintain Standards UK Office Of Fair Trading Announces Next Steps In Review Of Audit Market 7 VADEMÉCUM Ven conmigo  American Accounting Association (AAA) Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on the European Commission Green Paper on Audit Policy: Lessons from the Crisis Exempting Small Firms from Audit Mandates May Be Mistake, 2 studies suggest Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on the European Commission Green Paper on Audit Policy: Lessons from the Crisis  American Institute of Certified Public Accountants (AICPA) AICPA Questions Costs/Benefits of EC Audit Proposals Broker-Dealer Audits, Reporting Model on PCAOB Agenda AICPA Employee Benefit Plans Accounting, Auditing and Regulatory Update Conference, Dec. 1314 Single Audit Fundamentals—A Four Part Series – Member Web Event Archived Member Web Events - Governmental Related Auditing Standards Archived Member Web Events - OMB Circular A-133 Audits HUD Information- HUD Consolidated Audit Guide Don't Forget- Broker-Dealer Annual Audit Requirements Additional Clarified Statements on Auditing Standards Finalized Audit Guide Covers Capitalization Rules PCAOB- Audits of Chinese Reverse Mergers Create Compliance Concern AICPA Urges IRS to Allow Small Businesses to Protect Private Information in Electronic Files Requested for Audit Clarified Auditing Standard Outlines Auditor Requirements Regarding SEC Filings Complacency’ Of Auditors Contributed To Financial Crisis Big Four Auditors Blamed For Financial Crisis Big Four Speaks Out On Audit Inquiry China To Strengthen Auditing Work For Foreign Loans Audit Committees- Getting noticed for the right reasonsPCAOB Will Weigh Audit Term Limits  Asian Organisation of Supreme Audit Institutions (ASOSAI) [China]China releases new regulation on audit of economic accountability [China]Mr. Liu Jiayi, China’s Auditor-General, takes the position of Chairman of UN Board of Auditors The Asian Journal of Government Audit-October 2010 issue is now available 8 VADEMÉCUM Ven conmigo  Association of Chartered Certified Accountants (ACCA) Enhance the role of audit, say global finance experts Barnier sets out future for audit in Europe ACCA responds to Lords' audit inquiry - opens in a new window Audit changes must be meaningful not superficial warns ACCA  Association of International Accountants Audit Chief Refuses To Fully Sign Off Commons Expenses Broader Expertise Needed To Beef Up Internal Audit Internal Auditors Next To Give Evidence In The Lords Top Six Firms Welcome US And UK Audit Co-operation Philippines Unveils New Tax Audit Lab Ban Imposed On Auditor Linked To Former Taoiseach IAASB Launches Assessment Of Audits And Disclosures 'Big Four' Auditing Firms Share €7m From Regulator Five Audit Firms Run Afoul Of Board Auditors Add Disclaimer To Instore Accounts AIA Audit Scholarships €110,000 Fine For Mishandling Complaint Over KPMG Audit Malaysia- Audit Fees Likely To Go Up 20% Economic Affairs Committee Call For Competition Probe Into Audit ‘Big Four’ Audit Firms May Face UK Antitrust Probe This Month Life After The Audit Commission Thomson Reuters Survey Reveals 80 Percent Increase In Indirect Tax And VAT Audit Activity Singapore's Auditor Oversight System Recognised As Equivalent To The European Union's Philippines- Customs Bureau Starts Audit Of Imports Last Year Singapore- Only 42% Of Accounting Graduates Keen On External Auditing- Poll  Association of Professional Accountants and Auditors of the Republic of Moldova (ACAP RM) International Scientific-Practical Conference on theme- "Audit profession in Moldova- challenges and perspectives" International Scientific and Practical CONFERENCE- „THE AUDIT PROFESSION IN MOLDOVACHALLENGES AND PERSPECTIVES”, March 3, 2011 16.05.2011 - Core Principles for Independent Audit Regulators 16.05.2011 - IAASB Seeks Global Views on Enhancing the Value of Auditor Reporting  Auditoría General de la República 9 VADEMÉCUM Ven conmigo CONTROL FISCAL A RECURSOS PUBLICOS EN FIDUCIAS Auditing and Assurance Standards Board (AUASB) New appointments and reappointment of members to the Auditing and Assurance Standards Board AUASB Invites Comments on Exposure Draft of Proposed ISAE 3410 AUASB issues new standard for agreed-upon procedures engagements  Auditing Practices Board (APB) APB issues Revised Guidance on The Audit of Insurers APB issues a Bulletin setting out revised Example Auditor's Reports on UK Private Sector Financial Statements APB tightens Ethical Standards for Auditors APB issues revised guidance on the Audit of Friendly Societies APB issues revised guidance on the Audit of Occupational Pension Schemes APB issues a revision of ISA (UK and Ireland) 700 'The Auditor's Report on Financial Statements' APB issues Revised Guidance on Bank Reports for Audit Purposes in the UK APB publishes Practice Note 11 (Revised) - The Audit of Charities in the UK APB issues draft revised Gudiance on the Audit of Central Government Financial Statements in the Republic of Ireland The APB issues Feedback Paper on Auditor Scepticism APB issues revised guidance on the Audit of Banks and Building Societies in the United Kingdom APB issues a Bulletin outlining developments in Corporate Governance affecting auditors of Irish companies APB issues revised guidance on the audit of credit unions in the UK  BDO Internacional Four leading international accounting organisations issue joint statement on EU Audit market Financial Reporting and Auditing- A time for changeExposure Draft, Proposals relating to International Auditing Practice Standards, Proposed International Auditing Practice Statement 1000 BDO LLP response to House of Lords report on auditors market concentration CAQ Issues In-Depth Guide to Public Company Auditing- The Financial Statement Audit  Canadian Institute of Chartered Accountants (CICA) Audits of Financial Statements that Contain Amounts that Have Been Determined Using Actuarial Calculations Reporting on Financial Statements under Canadian Auditing Standards Auditing and Assurance Bulletin 10 VADEMÉCUM Ven conmigo Webinar — Enhancing the Value of Auditor Reporting- Exploring Options for Change - Online Consultation  Canadian Public Accountability Board - Canadá - Noticias CPAB responds to EU Green Paper on Audit Policy CPAB releases stakeholder survey of registered audit firms  Chamber of Financial Auditors of Romania Revista "Audit Financiar" - Nr. 1/2011 EK zveřejnila výsledky konzultace na téma „Regulace auditu – poučení z krize“ Consiliul Camerei Auditorilor Financiari din România convoacă Conferinţa ordinară anuală în data de 18 IUNIE 2011  Chartered Accountants Ireland FRC proposes enhancements to Company Reporting and Audit to deliver greater value to investors CRO notice on enforcement of requirement to sign and date audit reports APB publishes a Feedback Statement and revised Ethical Standards for Auditors Chartered Accountants Ireland publishes paper on Audit Reform Information sheet on the new legal requirements regarding the Disclosure of Auditor's Remuneration Travel Trade Industry - Removal of Audit Requirement IAASB Explores Financial Statement Disclosures and Audit Quality; Releases Discussion Paper and Thought Piece European Commission decision lays the foundation for reinforced international cooperation on the supervision of auditors APB issues a revision of ISA (UK and Ireland) 700 'The Auditor's Report on Financial Statements FSA and Bank of England announce new draft code of practice for auditors and supervisors Code of Practice for Revenue Audit Auditors of ROI Credit Unions – have you submitted the statutory duty confirmationNow available- Auditing Practices Board- Standards and Guidance 2011 FEE Conference on Audit Policy - Thursday 30 June 2011 Auditing Practices Board- Standards and Guidance 2011 … Published Important information for auditors of Irish companies Guidance on the audit of UK credit unions  Chartered Institute of Public Finance and Accountancy (CIPFA) - Reino Unido CIPFA promotes the role of the Head of Internal Audit 11 VADEMÉCUM Ven conmigo Chartered institutes to promote and champion internal audit in the public services New survey shows audit committee effectiveness CIPFA comment on options for transfer of the Audit Commission's in-house practice Southend-on-Sea Borough Council’s Internal Audit Services win CIPFA’s Cliff Nicholson Award  Colegio de Contadores Públicos de México, A.C. 4 de diciembre de 2010 Lineamientos para la designación control y evaluación del desempeño de las firmas de auditores externos. Anexo 1  Colegio de Auditores o Contadores Públicos de Bolivia (CAUB) CTNAC BOLETÍN DEL AUDITOR ENERO/2011 CTNAC BOLETÍN DEL AUDITOR JUNIO 2011  Colegio de Contadores Públicos de Colombia Nueva Responsabilidad para la Revisoria Fiscal  Colegio de Contadores Públicos de Lima “Cambio de actitud antes que cambio de auditor”  Colegio de Contadores del Paraguay Lanzamiento 2da.Maestría En Auditoria Y Tributación  Conselho Federal de Contabilidade (CFC) Estudo chancela trabalho das grandes auditorias e mostra que a concentração no setor não foi negativa CVM fecha cerco aos auditores Auditor do Panamericano falhou, diz BC Europa ameaça auditores com mudanças estruturais Caixa processa auditores do Panamericano Na briga por talentos, auditorias usam headhunters e buscam novos trainees Abertas as inscrições para Conferência Brasileira de Contabilidade e Auditoria Independente Brasileiros são classificados entre os melhores do mundo em Auditoria Interna 12 VADEMÉCUM Ven conmigo Auditorias não podem atuar como polícia, afirma Ibracon Grant Thornton contra-ataca para se consolidar em auditoria O Contador do Futuro será tema de painel da Conferência Brasileira de Contabilidade e Auditoria Independente Conferência Brasileira de Contabilidade e Auditoria Independente Fusões acirram disputa por auditoria de pequena empresa Superintendência de Relações com Empresas e Superintendência de Normas Contábeis e Auditoria da CVM divulgam Ofício-Circular Auditor terá que checar Formulário de Referência  Comisión Europea Commission decision lays the foundation for reinforced international cooperation on the supervision of auditors (IP/11/50) The Commission has published the summary of responses as well as individual replies to the Consultation on audit policy which was launched on 13 October 2010 Interviews with speakers at the Auditing conference EU Audit Policy Info-letter - Spring 2011  Contraloria General de la República Circular No. 019 - Directrices Plan General de Auditoría 2009 - 2010 La auditoría tiene como objetivo la búsqueda de pruebas que funden la opinión sobre los estados contables Informe de Auditoría a la Empresa de Energía de Pereira Controles de Advertencia 2011  CPA Australia Audit alert- special purpose financial reports AUSTRAC external auditor registration- applications open Joint Accounting Bodies- auditing and reporting submissions Auditing – proposed changes  Deloitte Touche Tohmatsu (DTT) The Pensions Regulator (TPR) publishes guidance on what trustees can expect of auditors- Deloitte comment  13 VADEMÉCUM Ven conmigo Ernst & Young Scott Halliday, UK & Ireland Managing Partner, comments on the FRC's proposed financial reporting and auditing changes Draft FSA and Bank of England code of practice for auditors and supervisors an important development in the provision of audit services  Federación de Colegios de Contadores Públicos de Venezuela CONAUDITEC - Tecnología para Contabilidad y Auditoría 2011  Federación Argentina de Consejos Profesionales de Ciencias Económicas (FACPCE) PRT 14 (Normas profesionales sobre compromisos de seguridad distintos de auditoria o revisión de estados financieros históricos y servicios relacionados)  Fédération des Experts Comptables Européens (FEE) FEE Comment Letter on EC Green Paper on Audit Policy FEE invites all stakeholders to debate their expectations from statutory auditors as part of its commitment to advance the dialogue on audit policy Developing a Sound Audit Policy FEE Comment Letter on IAASB ED on Proposals Relating to International Auditing Practice Statements (IAPSs) and Proposed IAPS 1000 on Special Considerations in Auditing Complex Financial Instruments FEE Conference on Audit Policy - Thursday 30 June 2011 FEE Comment Letter on the FRC Discussion Paper on Effective Company Stewardship- Enhancing Corporate Reporting and Audit  Financial Reporting Council (FRC) FRC calls for Audit Quality across Europe Bulletin 2010/04 – The Financial Reporting Council (FRC) today announced the new appointments and reappointments of members to the Australian Accounting Standards Board (AASB) and the Auditing and Assurance Standards Board (AUASB). FRC proposes enhancements to Company Reporting and Audit to deliver greater value to investors APB issues Revised Guidance on The Audit of Insurers APB issues a Bulletin setting out revised Example Auditor's Reports on UK Private Sector Financial Statements FSA and FRC extend cooperation and information exchange on audit issues APB issues revised guidance on the Audit of Occupational Pension Schemes APB issues a revision of ISA (UK and Ireland) 700 'The Auditor's Report on Financial Statements' 14 VADEMÉCUM Ven conmigo FRC welcomes publication of a draft code of practice to enhance dialogue between auditors and supervisors of regulated firms It is time to bring audit closer to investor needs, FRC Chief Executive tells European Commission Conference The Professional Oversight Board announces the Scope of the Audit Inspection Unit's Work for 2011/12 APB publishes Practice Note 11 (Revised) - The Audit of Charities in the UK FSA and FRC publish Feedback on the Role of Auditors APB issues draft revised Gudiance on the Audit of Central Government Financial Statements in the Republic of Ireland The APB issues Feedback Paper on Auditor Scepticism FRC responds to House of Lords Economic Affairs Committee Report on Auditors APB issues revised guidance on the Audit of Banks and Building Societies in the United Kingdom APB issues revised guidance on the audit of credit unions in the UK FRC comments on OFT Statement regarding Audit Market Competition APB issues a Bulletin outlining developments in Corporate Governance affecting auditors of Irish companies  Fondo Multilateral de Inversiones (FOMIN) – Internacional Brasil. 07 feb, 2011. Adopcion y Ejecucion de normas internacionales de contabilidad y de auditoría  Grant Thornton Internacional Grant Thornton recommends overhaul of European audit policy Grant Thornton calls for investor and regulator cooperation in building new audit frameworks Grant Thornton Partner appointed as Chair of the Transnational Auditors Committee (TAC) Grant Thornton LLP’s John (Arch) Archambault reappointed to the International Auditing and Assurance Standards Board Audit committee guide- Overseeing the internal audit Grant Thornton welcomes greater cooperation between audit regulators Four of the leading international accountancy organisations have joined forces to call for intervention in the audit market National survey finds that majority of Chief Audit Executives don’t believe in repealing SOX for all companies Evaluating the internal and external audit function March 2011 Lords’ Report On Audit Concentration – Grant Thornton Comment Grant Thornton welcomes Government call for OFT investigation into audit market concentration Grant Thornton LLP announces acquisition of significant portion of LECG Audit, Tax and Advisory practice Grant Thornton LLP National CFO Survey- Majority see state corporate income taxes increasing along with state tax audits  15 VADEMÉCUM Ven conmigo Hong Kong Institute of Certified Public Accountants Financial and Auditing Alert Issue 13 – 2010 report on practice reviews of practices with listed clients Invitation to Comment on IAASB Discussion Paper on The Evolving Nature of Financial ReportingDisclosure and its Audit Implications Financial and Auditing Alert Issue 14 – Preparation of accounting records and financial statements for an audit client Institute comments on IAASB Proposed Amendments to IAPS and Proposed IAPS 1000 Special Considerations in Auditing Complex Financial Instruments Invitation to comment on IFAC's International Auditing and Assurance Standards Board (IAASB) Consultation Paper on Enhancing the Value of Auditor Reporting- Exploring Options for Change Invitation to Comment on Proposed ISAE 3000 (Revised), Assurance Engagements Other Than Audits or Reviews of Historical Financial Information Workshops on PRC Accounting, Auditing, Capital Market & Taxation (Jul - Aug 2011)  IAS PLUS FRC proposes enhancements to company reporting and audit New publications from the IAASB on financial statement disclosures and audit quality EC decision on international cooperation on the supervision of auditors PCAOB publishes new auditing standards on risk assessment FRC wants to bring audit closer to investor needs Registered Firms not yet Inspected even though Four Years have Passed since Issuance of an Audit Report while Registered Reporting Implications of New Auditing and Accounting Standards (3rd edition) Reporting on Financial Statements under Canadian Auditing Standards UK feedback statement on auditor scepticism IAASB consults on enhancing the value of auditor reporting  Information Systems Audit and Control Association and Foundation (ISACAF) ISACA Training Week Brings IT Audit and Security Education to Ottawa ISACA Training Week Brings IT Audit and Security Education to New Orleans How the IT Auditor Can Make Substantive Contributions to a Financial Audit ISACA Issues New Social Media Audit Program Three International Associations Team Up for Unprecedented Web Seminar on Anti-Money Laundering, Audit and the Business Unit  Institut der Wirtschaftsprüfer in Deutschland e.V. 16 VADEMÉCUM Ven conmigo Statement by Prof. Klaus-Peter Naumann (Chief Executive Officer of the IDW) at the European Commission conference on Financial Reporting and Auditing – A time for change?, 9 and 10 February 2011, Brussels IDW comments on four IAASB Exposure Drafts In a letter dated 11. February to the International Auditing and Assurance Standards Board (IAASB) the IDW commented on the following Exposure Drafts: Withdrawal of Existing IAPSs, Clarification of the Status and Authority of New IAPSs, Proposed Amendments to the Preface to the International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements, IAPS 1000, Special Considerations in Auditing Complex Financial Instruments In a letter dated 8 April to the International Auditing and Assurance Standards Board (IAASB) the IDW commented on the Consultation Paper Proposed IAASB Strategy and Work Program for 20122014.  Institute of Certified Public Accountants in Ireland (CPA) – Irlanda CPA Response to the EU Green Paper on Audit Policy CPA promoted to Head of Audit Advisory and Assurance at FGS Partnership  Institute of Certified Public Accountants of Kenya Audit Quality Reviews To Be Carried Out In Year 2011  Institute of Chartered Accountants in Australia Doing audit the Australian way  Institute of Chartered Accountants in England and Wales (ICAEW) Auditors have key role to play in enhancing corporate oversight, says ICAEW Bank auditors code of practice will improve two-way dialogue The audit profession and The Pensions Regulator working together to clarify the role of audit in record-keeping Auditors have key role to play in enhancing corporate oversight, says ICAEW  Institute of Chartered Accountants of India (ICAI) National Seeds Coporation invites application for Appointment of Cost Auditors for carrying out physical varification of inventory and internal audit Appointment of Tax Auditor by State Bank of India - (18-03-2011) 17 VADEMÉCUM Ven conmigo Manner Of Reporting by the Auditors On Prudential Regulatory Treatment Prescribed By RBI In Respect Of Pension And Gratuity Liability Of Public Sector Banks - (07-04-2011)  Institute of Chartered Accountants of Scotland Audit profession and Pensions Regulator work together to clarify auditors' role  Institute of Cost and Work Accountants of India Form of application to the Central Government for appointment of cost auditor  Institute of Internal Auditors (IIA) IIA Seeks Internal Audit Talent New Audit Executive Center Enrollment Reaches Early Milestone Audit Executive Center in Demand Initial Findings from Global Study Reveal a New Direction for Internal Auditing Unprecedented Study to Improve Practice of Internal Auditing Globally New Report Cites Relationships, Connections and Interpersonal Savvy as Prerequisites for Chief Audit Executive Success Internal Audit Certification Expands Globally IIA Issues Guidance to Assist Small Audit Shops Adhere to the International Standards for Internal Auditing New Internal Audit Legal Services Web Series May is International Internal Audit Awareness Month  Instituto de Censores Jurados de Cuentas de España Las auditoras medianas piden una subida de sus honorarios Las 'Big Four', a la caza del contrato para auditar la justicia en Bruselas Mas encarga auditar la Generalitat "sin ánimo de revancha" La auditoría como un medio y no como un fin El Banco de España pide a las auditoras que extremen el rigor con las cajas Bruselas insiste en la reforma de la auditoría pese a las reticencias Las auditoras se rebelan contra la reforma europea Prohibir a las firmas auditoras la prestación de otros servicios disminuye su calidad Los expertos rechazan el libro verde europeo sobre la auditoría La auditoría rechaza la reforma de Bruselas Ordóñez reclama auditorías de solvencia y riesgo inmobiliario La Cámara de Cuentas pide una auditoría de los años 2008 y 2009 Error, fraude y auditoría 18 VADEMÉCUM Ven conmigo Más europeos con la Ley de Auditoría El auditor de Nueva Rumasa, bajo lupa Bruselas y el BCE se plantean auditar sobre el terreno las arcas españolas 30 años de contabilidad y auditoría en España CiU gastará 1,2 millones en auditar las cuentas del tripartito Los comités de auditoría, ante el nuevo reto penal John Scott: "El 99,99% de las auditorías son correctas" Convocadas las pruebas para nuevos auditores de cuentas La auditoras medianas reclaman la unidad normativa y de controles de calidad en Europa Un cuarto de siglo que ha cambiado la auditoría Fernando Ruiz: "El auditor es más que un experto contable" Los auditores renuevan su Norma de Control de Calidad El ICAC presenta el Borrador del Texto Refundido de la Ley de Auditoría de Cuentas El REA avisa de cambios decisivos en la auditoría Las auditorías vuelven al parlamento El ex director de la agencia que pagaba los ERE auditó sus propias cuentas La reducción de capital por pérdidas en las limitadas no requiere informe del auditor La función del auditor interno se adapta a los tiempos Los auditores prefieren las nuevas tecnologías La auditoría perdió empleo en 2010 Auditoría: más allá de las 4 grandes PwC auditará la Jornada Mundial de la Juventud Bruselas aprovecha las lecciones de la crisis para plantar cara a las auditoras Auditorías a fondo Habrá auditorías "de infarto" Las firmas Auren e Iberaudit Auditores refuerzan sus equipos Deloitte, PwC, KPMG, E&Y y BDO auditan la bolsa La fusión de IGAF Polaris crea un gigante de auditoría El auditor de Ercros plantea dudas sobre su continuidad E&Y y PwC ganan terreno a Deloitte y KPMG entre los auditores del Ibex PwC auditará las cuentas de Ence y Almirall hasta 2014 Deloitte y Ernst & Young, ganadores en las auditorías de las nuevas cajas Ernst & Young auditará a Endesa BDO auditará Novacaixagalicia a instancias del supervisor El auditor afea a Martinsa no informar de recursos al convenio Las salvedades de las auditorías de las empresas cotizadas caen a su mínimo Ezentis- El auditor revela incertidumbres El Foro de la Sociedad Civil pide auditar a los partidos Los cambios en los informes de auditoría: consejos prácticos para entenderlos PwC renuncia a auditar las cuentas de Negocio del ejercicio 2010  Instituto de Contabilidad y Auditoria de Cuentas (ICAC) Resolución de 21 de enero de 2011 del Instituto de Contabilidad y Auditoría de Cuentas, por la que se aprueban los modelos 04A y 04B, de comunicación de variaciones producidas durante el ejercicio, a remitir por los auditores de cuentas y sociedades de au 19 VADEMÉCUM Ven conmigo  Instituto de Contadores Públicos Autorizados de la República Dominicana ICPARD publica listado de Firmas de Auditoría activas ICPARD recomienda a las Firmas de Contadores y Auditores cumplir con la Ley 633 y el Código de Ética  Instituto dos Auditores Independentes do Brasil Guia De Controle De Qualidade Para Firmas De Auditoria De Pequeno E Médio Porte Auditorias enfrentaram vários escândalos na última década Coordenador do Comitê de normas de auditoria do Ibracon lança livro COMUNICADO TÉCNICO IBRACON N° 03/2011 COMUNICADO TÉCNICO IBRACON N° 02/2011 COMUNICADO TÉCNICO IBRACON N° 01/2011 Ibracon Publica Ct 6 Sobre A Emissão Do Relatório (Parecer) Do Auditor Independente Sobre As Demonstrações Financeiras De Pequenas E Médias Empresas palestrantes internacionais confirmam participação na “conferência brasileira de contabilidade e auditoria independente - ibracon 40 anos” Câmara De Auditores Independentes Dabate O Comunicado Técnico Relacionado Ao Relatório Para Pequenas E Médias Empresas Auditor terá que checar formulário de referência Formação Acadêmica E Eduçação Continuada Serão Temas De Painel Da Conferência Brasileira De Contabilidade E Auditoria Independente - Ibracon 40 Anos Reunião Aborda Ifrs E Atualizações Relevantes Nas Normas De Auditoria E Contabilidade  International Federation of Accountants (IFAC) IAASB Addresses Assurance (Other than Audit) on Financial Statements; Exposes Enhanced Review Engagement Standard IAASB Proposes Assurance Standard to Strengthen Reporting on Greenhouse Gases IAASB Explores Financial Statement Disclosures and Audit Quality; Releases Discussion Paper and Thought Piece IAASB Seeks Global Views on Enhancing the Value of Auditor Reporting The Evolving Nature of Financial Reporting: Disclosure and Its Audit Implications  International Forum of Independent Audit Regulators (IFIAR) – Internacional Meeting of the International Forum of Independent Audit Regulators, Berlin, April 2011  20 VADEMÉCUM Ven conmigo International Organization of Supreme Audit Institutions The 3rd EUROSAI-ARABOSAI-INTOSAI - NewsConference took place on 29 and 30 March 2011 in Abu Dhabi.  Japanese Institute of Certified Public Accountants JICPA issued the Auditing Standards Committee Statement No.57 Survey results of audit engagements of financial statements reported Revisions to the Auditing and Assurance Practice Committee Statement No. 75 "Practical Guideline on Preparation of Auditor's Report" Partial revisions to the Ethics Standards Committee Research Report No.1 "Independence of Auditors' Checklist" JICPA publishes Chairman and President's Statements and Audit Instruction relating to the North Eastern Japan Earthquake JICPA publishes Auditing Standards Committee Statement No.58 "Quality Control for Audits" and Quality Control Standards Committee Statement No.1 "Quality Control for Firms that Perform Audits" Comments on the Discussion Paper "The Evolving Nature of Financial Reporting- Disclosure and Its Audit Implications"  KPMG Internacional KPMG announces new UK head of financial services audit  Malta Institute of Accountants - Malta IFAC IAASB Seeks Global Views on Enhancing the Value of Auditor Reporting  National Board of Accountants and Auditors (NBAA) IIA – Tanzania Joint seminar on Auditing  New Zealand Institute of Chartered Accountants - Nueva Zelanda – Noticias Amendments made to illustrative audit reports  21 VADEMÉCUM Ven conmigo Ordem dos Revisores Oficiais de Contas – Portugal Conferência da União Europeia intitulada "Financial Reporting and Auditing - A time for change-" Sumário das respostas recebidas pela UE à Consulta Pública sobre o Livro Verde de Auditoria  Philippine Institute of Certified Public Accountants (PICPA) – Filipinas Commission on Audit Statement  PricewaterhouseCoopers PwC announces top ten questions for audit committees credit quality disclosures, loss contingencies, whistleblower bounty program and tax reform top list Technology and internal audit as agents for change UCITS IV Internal Audit- seize the opportunity to implement a tailored and value driven function PwC incorpora a Miguel Miaja como nuevo director de auditoría para el sector público PwC Survey Shows Opportunity for Internal Auditors to Align with CEO Focus on Strategic Growth, Information Technology and Regulation 4th Quarter 2010 current developments for mutual fund audit committees 2011 State of the internal audit profession study Survey on the internal audit function in Russian banks European businesses cautious on radical audit reform  Public Company Accounting Oversight Board (PCAOB) PCAOB to Consider Interim Inspection Program for Broker-Dealer Audits and Broker-Dealer Funding Rules March 8, 2011 Standards PCAOB to Discuss Auditor's Reporting Model Feb. 28, 2011 Small Business PCAOB Addresses Emerging Audit Issues in the 2011 Forum on Auditing in the Small Business Environment PCAOB Discussed Changes to the Auditor's Reporting Model in Preparation for Concept Release June 21, 2011 Auditor's Report PCAOB Issues Concept Release on Auditor's Reporting Model June 16, 2011 Auditor's Report PCAOB to Consider Issuing Concept Release on the Auditor's Reporting Model June 14, 2011 Nonpublic Broker-Dealers PCAOB Adopts Interim Inspection Program for BrokerDealer Audits and Broker and Dealer Funding Rules June 9, 2011 Nonpublic Broker-Dealers PCAOB to Consider Adopting Interim Inspection Program for Broker-Dealer Audits and Broker-Dealer Funding Rules  Reports on the Observance of Standards & Codes (ROSC) 22 VADEMÉCUM Ven conmigo Report on the observance of standards and codes (ROSC) turkmenistan accounting and auditing june 30, 2009  Securities and Exchange Comission (SEC) SEC Proposes Ways to Strengthen Audits and Reporting of Broker-Dealers to Protect Customer Assets Risk Management Controls for Brokers or Dealers with Market Access  Smartpros Internal Auditors Can Expand Roles and Align with CEO Auditing Inventory and Cost of Sales Reaching Key Financial Reporting Decisions- How Directors and Auditors Interact  South African Institute of Chartered Accountants (SAICA) New Companies Act’s proposed points system for audit exemptions contain unforeseen risks Proposed audit exemption points threshold too high to protect shareholders suggests research into JSE’s AltX Upcoming new auditing standards will harmonise global auditing voices South African governance capacity boosted by internal audit and chartered accountancy institutes  State Audit Institution - Emiratos Árabes Unidos The State Audit Institution Organizes Training Course for Employees in National Audit Academy in Malaysia  Superintendencia de Servicios Públicos Domiciliarios Las empresas prestadoras de servicios públicos de naturaleza oficial no tienen la obligación de contratar una auditoría externa  Superintendencia de Sociedades 220-060560 Auditoria de hechos ocurridos en períodos anteriores ya dictaminados por otro revisor fiscal 23 VADEMÉCUM Ven conmigo  The CPA Journal Environmental Disasters- How Auditors Can Serve as Watchdogs The Fair Credit Reporting Act- Responsibilities of Auditors, Forensic Accountants, and Investigators Are Auditors of Public Companies Prepared for the Transition to IFRSSecond-Tier Auditing Firms- Developments and Prospects Auditing and Monitoring Activities Help Uncover Fraud and Assess Control Effectiveness  Vietnam Association of Certified Public Accountants (VACPA) News on the 20th anniversary of independent auditing in vietnam (1991-2011) BHP auditing and accounting consultancy co. Withdraw membership from alliott The President Of Vietnam Announces The Law On Independent Auditing Annual Meeting Of Audit Firms' Directors 2010-2011 Opening Speech Of Minister Of Finance At The 20 The Anniversary Of Vietnam Independent Auditing Congratulatory Letter Of Standing Deputy Prime Minister On The 20th Anniversary Of Vietnam Independent Auditing 20th Anniversary Of Vietnam Independent Auditing  24 VADEMÉCUM Ven conmigo Nacional Consejo Técnico de la Contaduría Pública Colombia takes a step closer to IFRSs and ISAs The Colombian Consejo Técnico de la Contaduría Pública (Technical Council of Public Accountants) has submitted an official proposal to the Colombian Ministers of Finance and Commerce regarding the strategic direction of adopting international accounting and auditing standards in Colombia. http://www.iasplus.com/americas/1106colombiaofficialproposal.pdf Reglamento general de los comités técnicos ad-honorem El presente reglamento tiene por objeto establecer los principales aspectos que se deben tener en cuenta para el funcionamiento de los Comités Técnicos adhonorem, definir las reglas básicas de su organización, alcance, conformación, funciones y designación de sus miembros, entre otros. http://www.ctcp.gov.co/sites/default/files/REGLAMENTO%20GENERAL%20DEL%20COMIT%C3 %89%20T%C3%89CNICO%20AD-HONOREM.pdf Documento para discusión: direccionamiento estratégico Propuesta para el direccionamiento estratégico del consejo técnico de la contaduría pública (ctcp) y el entendimiento común del proceso de convergencia de las normas de contabilidad, de información financiera y de aseguramiento de la información, con estándares internacionales. http://www.ctcp.gov.co/sites/default/files/DIRECCIONAMIENTO%20ESTRATEGICO.pdf  Jurisprudencia contable 17222-2011 (...) Ahora bien, si la Administración, como en este caso, a partir de los registros contables de los ingresos, cuestionó la veracidad de los mismos por la falta de soportes o la claridad de un determinado hecho económico, la certificación del Contador Público, que se limitó a señalar la conformidad de los libros con las normas legales y de los datos declarados con la contabilidad, sin explicar ni aportar nada, no es eficaz para desvirtuar la determinación oficial (...). http://www.javeriana.edu.co/personales/hbermude/jurisprudencia/CE17222-2011.doc 01345-2011 (...) En efecto, desde el punto de vista contable es posible provisionar todo tipo de cuentas por cobrar, incluso aquellas que no han sido generadoras de renta. También es posible provisionar las cuentas que estén a cargo de vinculados económicos. Contablemente tampoco se establecen límites al monto de la provisión, ni se exige que las cuentas sean de plazo vencido. Las únicas condiciones son que estas se justifiquen y cuantifiquen con fundamento en estudios técnicos, con criterio comercial y que sean las suficientes para la protección del patrimonio social, esto significa que es 25 VADEMÉCUM Ven conmigo posible, incluso, provisionar hasta el 100% de una cuenta por cobrar, cuando así lo amerite, con el único propósito de salvaguardar el patrimonio social (...) http://www.javeriana.edu.co/personales/hbermude/jurisprudencia/CE2006-01345-2011.TIF 16752-2011 (...) Para la Sala, si bien estas normas contables financieras tienen por objetivo mantener la confianza del público en las instituciones que administran recursos de sus ahorradores, la aplicación prevalente de las normas tributarias para determinar el impuesto de renta, no incide en esta finalidad, pues una cosa es la determinación del impuesto de renta con base en los hechos económicos sucedidos en un periodo gravable, y otra es el estudio de la viabilidad financiera y la situación patrimonial de estas instituciones, para lo cual las entidades de vigilancia y control tienen en cuenta los estados financieros y los informes de los revisores fiscales, y no las declaraciones tributarias. (...) http://www.javeriana.edu.co/personales/hbermude/jurisprudencia/CE16752-2011.doc 00289-2011 Capitalización de la revalorización del patrimonio. Es una simple reclasificación de cuentas que no conlleva un incremento real del patrimonio, ni constituye un aporte como tal y es por eso que incluirla en una disminución de capital con reembolso efectivo de aportes mediante la cual se hace entrega de activos a los socios o accionistas da lugar a una reducción de la garantía de los acreedores que no se fundamenta en un verdadero incremento de capital. http://www.javeriana.edu.co/personales/hbermude/jurisprudencia/CE00289-2011.docx 18381-2011 (...) La circunstancia de encontrarse amparado por la aplicabilidad del régimen simplificado en materia tributaria, no exime al comerciante de la obligación de llevar su contabilidad de acuerdo con los precitados postulados que formulan el Código de Comercio y el Código de Procedimiento Civil. (...) http://www.javeriana.edu.co/personales/hbermude/jurisprudencia/CE18381-2011.doc 00880-2011 (...) En efecto, desde el punto de vista contable es posible provisionar todo tipo de cuentas por cobrar, incluso aquellas que no han sido generadoras de renta. También es posible provisionar las cuentas que estén a cargo de vinculados económicos. Contablemente tampoco se establecen límites al monto de la provisión, ni se exige que las cuentas sean de plazo vencido. Las únicas condiciones son que estas se justifiquen y cuantifiquen con fundamento en estudios técnicos, con criterio comercial y que sean las suficientes para la protección del patrimonio social, esto significa que es posible, incluso, provisionar hasta el 100% de una cuenta por cobrar, cuando así lo amerite, con el único propósito de salvaguardar el patrimonio social (...) http://www.javeriana.edu.co/personales/hbermude/jurisprudencia/CE199800880-2011.rtf 00808-2011 (...) el valor probatorio de la contabilidad, depende de que esta sea llevada en la forma ordenada por la ley, que cumpla los requisitos consagrados en el Decreto 2649 de 1993 y en el estatuto tributario, sin cuya observancia no puede considerarse válida para justificar los hechos que por este medio probatorio procura probar (...)http://www.javeriana.edu.co/personales/hbermude/jurisprudencia/CE200500808-2011.rtf 26 VADEMÉCUM Ven conmigo  Ministro de Hacienda y Crédito Público Decreto 859 de 2011 El impuesto al patrimonio y la sobretasa a que se refieren los artículos 292-1, 293-1, 294-1, 296-1, 298-3 Y 298-4 del Estatuto Tributario y los artículos 1, 2, 3, 6, 9 y 10 del Decreto Legislativo 4825 de 2010, podrán ser amortizados contra la cuenta de revalorización del patrimonio o contra resultados del ejercicio durante los años 2011, 2012, 2013 Y 2014 http://wsp.presidencia.gov.co/Normativa/Decretos/2011/Documents/Marzo/23/dec85923032011.pdf  Superintendencia Financiera de Colombia Circular Externa 017 de 2011 Modifica el numeral 1.3.4.1 del Capítulo II de la Circular Externa 100 1995 sobre Provisiones Individuales de Cartera de Créditos. http://www.superfinanciera.gov.co/NormativaFinanciera/Archivos/ce017_11.doc Resolución número 0833 de 2011 Por la cual se modifica el Capítulo IV “Metodología de Valoración de Renta Variable” del “Sistema de Proveedor de Información para Valoración de Inversiones”, contenido en el ARTÍCULO SEGUNDO de la Resolución 1822 de 2006. http://www.superfinanciera.gov.co/NormativaFinanciera/Archivos/r0833_11.doc Acciones preferenciales, manejo contable pago dividendos. Concepto 2011014140-001 del 12 de abril de 2011. Contablemente el tratamiento del pago de dividendos de acciones preferenciales u ordinarias es el mismo, afectan las utilidades de la compañía al cierre del ejercicio, una vez se hayan enjugado pérdidas que afecten el capital y se deduzcan los aportes legales para la reserva legal. http://www.superfinanciera.gov.co/Normativa/Conceptos2011/2011014140.doc Información relevante, excepciones a deber de revelación. Concepto 2011010686-001 del 2 de marzo de 2011. Los emisores de valores deben divulgar al mercado, a través de esta Superintendencia, toda situación relacionada con él o su emisión que habría sido tenida en cuenta por un experto prudente y diligente. Se permite al representante legal de la sociedad emisora solicitar autorización a esta Superintendencia para que un evento de información relevante no sea revelado, por considerar que su divulgación puede causarle un perjuicio al emisor o puede poner en peligro la estabilidad del mercado de valores. http://www.superfinanciera.gov.co/Normativa/Conceptos2011/2011010686.doc Información relevante, celebración de contratos, valoración. Concepto 2011005985-001 del 2 de marzo de 2011. 27 VADEMÉCUM Ven conmigo La valoración de los contratos celebrados por los emisores de valores debe darse al momento de su celebración, toda vez que es en ese momento procesal que la cifra del mismo puede ser analizada a la luz de la norma para determinar su relevancia, sin importar la duración de éste en el tiempo, pues su desarrollo es simplemente una consecuencia lógica de la celebración del mismo. http://www.superfinanciera.gov.co/Normativa/Conceptos2011/2011005985.doc Circular Externa 003 de 2011 Crea, modifica y elimina cuentas y subcuentas del Plan Único de Cuentas (PUC) para los fondos de pensiones administrados por la Caja de Auxilios y de Prestaciones de la Asociación Colombiana de Aviadores Civiles Acdac “CAXDAC". http://www.superfinanciera.gov.co/NormativaFinanciera/Archivos/ce003_11.doc  Superintendencia de Servicios Públicos Domiciliarios Requerimientos para que los prestadores de servicios públicos reporten información financiera al SUI, con base en el MGC http://www.superservicios.gov.co/home/c/document_library/get_file?uuid=7e605c4a-0f5f-41499f9b-1361d46192e1&groupId=10122 http://www.superservicios.gov.co/home/c/document_library/get_file?uuid=50946c12-d712-4bd380b7-b9c44e3fe115&groupId=10122 Resolución 20101300050115 Por la cual se modifica la Resolución 20101300021335 que adopta el Modelo General de Contabilidad para Empresas Prestadoras de Servicios Públicos, en convergencia con los Estándares Internacionales de Contabilidad e Información Financiera de aceptación mundial http://servoaspr.imprenta.gov.co/diariop/diario2.pdf?p_tipo=03&p_numero=20101300050115&p_fec ha=24/12/2010&p_consec=1300000 Resolución SSPD-20101300046955 Modifica la Resolución SSPD 20101300021335 del 28 de junio de 2010, por la cual se adopta el Modelo General de Contabilidad para Empresas Prestadoras de Servicios Públicos, en convergencia con los Estándares Internacionales de Contabilidad e Información Financiera de aceptación mundial, y se deroga la Resolución 20091300009995 de 2009, en el sentido de prorrogar, durante la etapa de transición, las fechas para el reporte del Balance Inicial o Balance de Apertura y del Informe de conciliación entre el patrimonio establecido según el Plan de Contabilidad vigente y el nuevo Modelo General de Contabilidad adoptado http://servoaspr.imprenta.gov.co/diariop/diario2.pdf?p_tipo=03&p_numero=SSPD20101300046955&p_fecha=02/12/2010&p_consec=1299395  Superintendencia de Sociedades Concepto 220-060559 Aplicación normas internacionales de contabilidad 28 VADEMÉCUM Ven conmigo Http://www.javeriana.edu.co/personales/hbermude/Novitas306/filenovitas306/cpto-220-06055911.docx Oficio número: 115-048184 Registro contable de los derechos derivados de un contrato de arrendamiento financiero, por parte del locatario. http://www.javeriana.edu.co/personales/hbermude/Novitas302/FileNovitas302/co%20115048184%20supersociedades.pdf Oficio número: 115-053145 No es aceptable el avalúo catastral como soporte para respaldar las valorizaciones de los inmuebles Http://www.javeriana.edu.co/personales/hbermude/Novitas305/filenovitas305/co%20115053145.pdf Oficio 115-046673 Registro sobretasa al impuesto del patrimonio http://www.supersociedades.gov.co/ss/drvisapi.dll?mival=sec&dir=232&id=31370&m=td&a=td&d= depend Concepto 220-011591 ASUNTO: Adquisición y venta de activos de una unión temporal o consorcio. Http://www.javeriana.edu.co/personales/hbermude/Novitas300/filenovitas300/cpto-220-01159111.doc Oficio 115-009819 Registro del impuesto sobre el patrimonio ley http://www.supersociedades.gov.co/ss/drvisapi.dll?mival=sec&dir=232&id=31119&m=td&a=td&d= depend Oficio 115-007806 Depreciación contable y depreciación fiscal http://www.supersociedades.gov.co/ss/drvisapi.dll?mival=sec&dir=232&id=31139&m=td&a=td&d= depend Oficio 115-152588 Registros contables en consorcios http://www.supersociedades.gov.co/ss/drvisapi.dll?mival=sec&dir=232&id=31023&m=td&a=td&d= depend Circular externa 115-000006 Contabilidad de entes económicos en liquidación http://servoaspr.imprenta.gov.co/diariop/diario2.pdf?p_tipo=18&p_numero=115000006&p_fecha=23/12/2010&p_consec=1299829  Otros 29 VADEMÉCUM Ven conmigo El cambio es para vivirlo Mientras unos se oponen a la adopción y otros no saben cómo converger, entre el 12 y el 13 de mayo de 2011 la International Accounting Standards Board (IASB) publicó un paquete de doce documentos que incluyen cuatro IFRS nuevos y dos IAS revisados. http://www.actualicese.com/Blogs/ConLosGrandes/SAM-el-cambio-es-para-vivirlo.pdf ¿Qué dicen los IFRS (NIIF)? Una vez aceptado que en información financiera el objetivo es llegar a los IFRS (NIIF), esto es, que los estados financieros que se preparen, presenten y revelen sean estados financieros IFRS (NIIF), es pertinente abordar lo relacionado con el cómo, esto es, los métodos apropiados para llegar a ese objetivo. http://samantilla.com/?p=99 ¿Modernización o adopción? ¡Claro que toca adoptar! Modernizar significa anclar en el pasado. Adoptar quiere decir prepararse para el futuro. ¿Tienen esas diferencias algún impacto? ¿Usted donde se ubica? http://www.globalcontable.com/index.php?option=com_content&view=article&id=756:imodernizac ion-o-adopcion-iclaro-que-toca-adoptar&catid=14&Itemid=122 ¿Convergenomics o Condorsement? Las nuevas realidades implican nuevos vocabularios. Eso hace que los idiomas evolucionen con el tiempo, así algunos piensen que las únicas interpretaciones válidas son las definiciones de los diccionarios. http://www.actualicese.com/opinion/convergenomics-o-condorsement-samuel-alberto-mantilla/ ¿Métodos u objetivos? En lo que se refiere a la información financiera, ¿los acuerdos (consensos) a buscar deben ser alrededor de los métodos o de los objetivos? http://www.actualicese.com/opinion/metodos-u-objetivos-samuel-alberto-mantilla/ ¿Cómo va el plan de adopción de las IFRS por el Consejo Técnico de Contaduría Pública? Alrededor de hace seis meses, se conformó el Consejo Técnico del sector Financiero, el cual está encaminado a encaminar la implementación y vigilar a las entidades financieras, las aseguradoras y todas las entidades vigiladas por la Superfinanciera. http://www.larepublica.co/archivos/ASUNTOSLEGALES/2011-05-30/-como-va-el-plan-deadopcion-de-las-ifrs-por--el-consejo-tecnico-de-contaduria-publica-_129756.php Contabilidad en la industria minorista Surge un nuevo punto de vista sobre la contabilidad del arrendamiento Deloitte (Colombia) has published Contabilidad en la industria minorista. Surge un nuevo punto de vista sobre la contabilidad del arrendamiento (PDF 216k), the Spanish translation of Accounting in the Retail Industry: A new view of lease accounting emerges, published in September 2010. http://www.iasplus.com/espanol/1101dttleasesspanish.pdf  30 VADEMÉCUM Ven conmigo Internacional European Financial Reporting Advisory Group (EFRAG) Updated EFRAG 'endorsement status report' The European Financial Reporting Advisory Group (EFRAG) has updated its report showing the status of endorsement, under the EU Accounting Regulation, of each IFRS, including standards, interpretations, and amendments http://www.efrag.org/WebSites/UploadFolder/1/CMS/Files/EFRAG_Endorsement_Status_Report_1 0_June_2011.pdf EFRAG and the UK ASB issue a discussion paper: 'Considering the effects of accounting standards' The European Financial Reporting Advisory Group (EFRAG) and the Accounting Standards Board (UK ASB) of the FRC have published today a Discussion Paper, ‘Considering the Effects of Accounting Standards’. The Discussion Paper results from a project developed by EFRAG and the UK ASB jointly, as part of EFRAG’s proactive agenda. http://www.efrag.org/Front/n1-681/EFRAG-and-the-UK-ASB-issue-a-discussion-paper--Considering-the-effects-of-accounting-standards-.aspx EFRAG Outreach on Financial Statement Presentation – feedback report on meetings with European constituents EFRAG has issued a feedback report summarising the views expressed by European constituents during the outreach meetings on Financial Statement Presentation that were organised jointly with the European National Standard Setters in between September and December 2010. http://www.efrag.org/Front/n1-685/NewsDetail.aspx  Financial Accounting Foundation 2011 U.S. GAAP Financial Reporting Taxonomy Adopted and Supported by SEC Effective February 28, 2011 The Financial Accounting Foundation (FAF) today announced that the U.S. Securities and Exchange Commission (SEC) has adopted the 2011 U.S. GAAP Financial Reporting Taxonomy. The FAF is responsible for the ongoing maintenance of the taxonomy applicable to public issuers registered with the SEC. http://www.accountingfoundation.org/cs/ContentServer?site=Foundation&c=FAFContent_C&page name=Foundation%2FFAFContent_C%2FFAFNewsPage&cid=1176158284334&guid=1176158283197 Blue-Ribbon Panel Addressing Standards for Private Companies Submits Report of Recommendations to Financial Accounting Foundation The blue-ribbon panel addressing how U.S. accounting standards can best meet the needs of users of private company financial statements has issued a report of its recommendations to the Financial Accounting Foundation (FAF) Board of Trustees. http://www.accountingfoundation.org/cs/ContentServer?site=Foundation&c=FAFContent_C&page name=Foundation%2FFAFContent_C%2FFAFNewsPage&cid=1176158181429&guid=1176158181807 31 VADEMÉCUM Ven conmigo  Financial Accounting Standards Board FASB Issues Accounting Standards Update to Improve Presentation of Comprehensive Income The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2011-05 Comprehensive Income (Topic 220): Presentation of Comprehensive Income. The Update is intended to increase the prominence of other comprehensive income in financial statements http://www.fasb.org/cs/ContentServer?site=FASB&c=FASBContent_C&pagename=FASB%2FFASB Content_C%2FNewsPage&cid=1176158617999 FASB Issues Accounting Standards Update to Improve Financial Reporting of Repurchase Agreements The Financial Accounting Standards Board (FASB) today issued Accounting Standards Update (ASU) No. 2011-03, Transfers and Servicing (Topic 860): Reconsideration of Effective Control for Repurchase Agreements. The Update is intended to improve financial reporting of repurchase agreements (“repos”) and other agreements that both entitle and obligate a transferor to repurchase or redeem financial assets before their maturity. http://www.fasb.org/cs/ContentServer?site=FASB&c=FASBContent_C&pagename=FASB%2FFASB Content_C%2FNewsPage&cid=1176158509505 FASB Issues Accounting Standards Update to Improve Financial Reporting about Troubled Debt Restructurings The Financial Accounting Standards Board (FASB) today issued Accounting Standards Update (Update) No. 2011-02, Receivables (Topic 310): A Creditor’s Determination of Whether a Restructuring Is a Troubled Debt Restructuring. The Update will improve financial reporting by creating greater consistency in the way GAAP is applied for various types of debt restructurings. http://www.fasb.org/cs/ContentServer?site=FASB&c=FASBContent_C&pagename=FASB%2FFASB Content_C%2FNewsPage&cid=1176158407700 FASB Issues Proposed Accounting Standards Update on Testing Goodwill for Impairment The Financial Accounting Standards Board (FASB) today issued an Exposure Draft of a proposed Accounting Standards Update (Update) intended to simplify how an entity is required to test goodwill for impairment. http://www.fasb.org/cs/ContentServer?site=FASB&c=FASBContent_C&pagename=FASB%2FFASB Content_C%2FNewsPage&cid=1176158466482 FASB Discussion Paper Seeks Input on Issues about Hedge Accounting The Financial Accounting Standards Board (FASB) today issued a Discussion Paper to solicit input on how to improve, simplify, and converge the financial reporting requirements for hedging activities. http://www.fasb.org/cs/ContentServer?site=FASB&c=FASBContent_C&pagename=FASB%2FFASB Content_C%2FNewsPage&cid=1176158231863  32 VADEMÉCUM Ven conmigo IFRS Foundation Joint Statement by the Monitoring Board and the Trustees of the IFRS Foundation The Monitoring Board and the Trustees of the IFRS Foundation, following discussion at their fifth joint meeting on 1 April 2011 in London, reaffirmed their commitment to seeking close coordination in taking forward their respective efforts in reviewing the Foundation’s governance and strategy. http://www.ifrs.org/News/Press+Releases/trustee+monitoring+board+joint+statement+2011.htm IFRS Foundation publishes IFRS Taxonomy 2011 The IFRS Foundation has published the IFRS Taxonomy 2011. The IFRS Taxonomy is a translation of IFRSs (International Financial Reporting Standards) into XBRL (eXtensible Business Reporting Language). The 2011 taxonomy is consistent with IFRSs as issued by the IASB at 1 January 2011, and it contains XBRL tags for all IFRS disclosure requirements. http://www.ifrs.org/News/XBRL/Final+2011+taxonomy.htm IFRS Foundation announces outcomes of pilot XBRL study The IFRS Foundation has successfully concluded the pilot initiative that it launched in April 2010 to work with US-listed foreign companies to produce IFRS financial reports in eXtensible Business Reporting Language (XBRL) that are compliant with United States Securities and Exchange Commission (SEC) requirements. http://www.ifrs.org/News/XBRL/US+XBRL+pilot+conclusion.htm  International Accounting Standards Board SME Implementation Group publishes its first Q&A guidance The SME Implementation Group, responsible for assisting the International Accounting Standards Board (IASB) on matters related to the implementation of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs), published today its first question and answer (Q&A) guidance on the IFRS for SMEs. The guidance is set out in Q&A 2011/01 Use of the IFRS for SMEs in a Parent’s Separate Financial Statements. http://www.ifrs.org/News/Press+Releases/SMEpublishesfirstQAguidance.htm IASB and FASB align presentation requirements for other comprehensive income The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB), the US national standard-setter, issued today amendments that will improve and align the presentation of items of other comprehensive income (OCI) in financial statements prepared in accordance with International Financial Reporting Standards (IFRSs) and those prepared in accordance with US generally accepted accounting principles (GAAP). http://www.ifrs.org/News/Press+Releases/OCI+16+June+2011.htm IASB introduces improvements to the accounting for post-employment benefits 33 VADEMÉCUM Ven conmigo The International Accounting Standards Board (IASB) announced today the completion of its project to improve the accounting for pensions and other post-employment benefits by issuing an amended version of IAS 19 Employee Benefits. http://www.ifrs.org/News/Press+Releases/IAS+19+June+2011.htm IASB and ASBJ announce their achievements under the Tokyo Agreement and their plans for closer co-operation The International Accounting Standards Board (IASB) and the Accounting Standards Board of Japan (ASBJ) have announced their achievements under their August 2007 Memorandum of Understanding (MoU), known as the Tokyo Agreement, to improve International Financial Reporting Standards (IFRSs) and Japanese generally accepted accounting principles (GAAP) and to bring about their convergence. http://www.ifrs.org/News/Press+Releases/IASB+ASBJ+10+June+2011.htm IASB and FASB issue common fair value measurement and disclosure requirements The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today issued new guidance on fair value measurement and disclosure requirements for International Financial Reporting Standards (IFRSs) and US generally accepted accounting principles (GAAP) http://www.ifrs.org/News/Press+Releases/IFRS+13+FVM+May+2011.htm IASB completes improvements to accounting requirements for off balance sheet activities and joint arrangements The International Accounting Standards Board (IASB) today completed its improvements to the accounting requirements for off balance sheet activities and joint arrangements by issuing IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entitie http://www.ifrs.org/News/Press+Releases/IFRS+10+11+12+published+May+2011.htm IASB and FASB report substantial progress towards completion of convergence programme The International Accounting Standards Board (IASB) and the US-based Financial Accounting Standards Board (FASB) today published a progress report on their joint work to improve International Financial Reporting Standards (IFRSs) and US generally accepted accounting practices, and to bring about their convergence. http://www.ifrs.org/News/Press+Releases/progress+report+2011.htm Three new draft Q&As on the IFRS for SMEs posted The SME Implementation Group, responsible for assisting the IASB on matters related to the implementation of the IFRS for SMEs, published today for public comment three more questions and answer documents (Q&As) on the IFRS for SMEs. http://www.ifrs.org/News/Announcements+and+Speeches/QandAsApril2011.htm Europe and IFRSs: six years on Robert Bruce, a financial journalist, reports on IFRSs in Europe. http://www.ifrs.org/News/Features/Europe+and+IFRSs.htm SME Implementation Group publishes draft guidance for public comment 34 VADEMÉCUM Ven conmigo The SME Implementation Group, responsible for assisting the International Accounting Standards Board (IASB) on matters related to the implementation of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs), published today for public comment its first draft guidance on the IFRS for SMEs in form of a question and answer document (Q&A). http://www.ifrs.org/News/Press+Releases/SMEIG+draft+guidance+for+comment.htm Hans Hoogervorst addresses European Commission Conference on the Objectives of Financial Reporting Hans Hoogervorst, Chairman of the Board of the Netherlands Authorities for the Financial Markets (AFM), spoke in Brussels about the Objectives of Financial Reporting to the European Commission Conference on the Financial Reporting and Auditing. http://www.ifrs.org/News/Announcements+and+Speeches/Hans+Hoogervorst+speech+Feb+2011.ht m IASB and FASB propose common solution for impairment accounting The International Accounting Standards Board (IASB) and the US-based Financial Accounting Standards Board (FASB) have today published for public comment proposals for accounting for impairment of financial assets such as loans managed in an open portfolio. http://www.ifrs.org/News/Press+Releases/Impairment+supplementary+document.htm IASB and FASB propose to align balance sheet netting requirements The International Accounting Standards Board (IASB) and the US-based Financial Accounting Standards Board (FASB) have published a proposal to establish a common approach to offsetting financial assets and financial liabilities on the statement of financial position (balance sheet) http://www.ifrs.org/News/Press+Releases/Offsetting+ED+January+2011.htm IASB issues amendments to IAS 12 Income Taxes The International Accounting Standards Board (IASB) issued amendments to IAS 12 Income Taxes. The amendments, set out in Deferred Tax: Recovery of Underlying Assets, result from proposals published for public comment in an exposure draft in September. http://www.ifrs.org/News/Press+Releases/amendments+IAS+12+Income+Taxes.htm IASB proposes improvements to hedge accounting The International Accounting Standards Board (IASB) published for public comment an exposure draft on the accounting for hedging activities. The exposure draft proposes requirements that will enable companies to reflect their risk management activities better in their financial statements, and, in turn, help investors to understand the effect of those activities on future cash flows. http://www.ifrs.org/News/Press+Releases/hedge+accounting+ED.htm IASB publishes IFRS Practice Statement on Management Commentary The International Accounting Standards Board (IASB) published an IFRS Practice Statement Management Commentary, a broad, non-binding framework for the presentation of narrative reporting to accompany financial statements prepared in accordance with IFRSs. http://www.ifrs.org/News/Press+Releases/Management+Commentary+Practice+Statement.htm  35 VADEMÉCUM Ven conmigo Securities and Exchange Commission (SEC) SEC staff paper explores the 'condorsement' approach for IFRS adoption in the US A paper released by the Staff of the U.S. Securities and Exchange Commission (SEC) outlines one possible approach for the adoption of IFRS in the United States. http://www.sec.gov/spotlight/globalaccountingstandards/ifrs-work-plan-paper-052611.pdF SEC Announces Roundtable on International Financial Reporting Standards The Securities and Exchange Commission staff announced that it will sponsor a roundtable in July to discuss benefits or challenges in potentially incorporating International Financial Reporting Standards (IFRS) into the financial reporting system for U.S. issuers. http://www.sec.gov/news/press/2011/2011-95.htm SEC Proposes Specialized Disclosure of Use of Conflict Minerals Under Dodd-Frank Act The Securities and Exchange Commission today voted unanimously to propose measures, as mandated by the Dodd-Frank Act, which would require new disclosures by reporting issuers concerning conflict minerals that originated in the Democratic Republic of the Congo or an adjoining country. http://www.sec.gov/news/press/2010/2010-245.htm  Otros Singapure Issues accounting standard and prescription of financial reporting framework for charities The Accounting Standards Council (ASC) had issued the Charities Accounting Standard (CAS), which is tailored to meet the needs of the charity sector and its stakeholders. The new standard will make financial reporting simpler and more relevant for charities while enhancing disclosures for greater transparency. http://www.asc.gov.sg/press_cas.htm AOSSG publishes a Vision Paper - A Driving Wind for IFRS from Asia-Oceania. The Asian-Oceanian Standard-Setters Group (AOSSG) today published “A Vision Paper of the Asian-Oceanian Standard-Setters Group 2011 – A Driving Wind for IFRS from Asia-Oceania.” This paper describes activities of the AOSSG to date and future activities for the medium- and long-term. http://www.aossg.org/docs/Media_Releases/AOSSG_Press_Release_(English)_08-06-2011.pdf ASCG: Future safeguarded The Accounting Standards Committee of Germany (ASCG) resolved at its General Assembly meeting today to pave the way for a broader membership basis. In this ‘mixed model’ companies and associations would become full members. http://www.standardsetter.de/drsc/news/news_eng.php?ixnp_do=show_news_index&ixnp_lang=d e&ixnp_id=2&ixnp_page=1&ixnp_do=show_news_article&ixnp_art_id=2393 36 VADEMÉCUM Ven conmigo National Standard Setters (NSS) release report from their most recent meeting The National Standard Setters (NSS) have released a report from their March 2011 meeting. The NSS is a grouping of national accounting standard-setters from around the world, plus other organisations that have a close involvement in financial reporting issues. http://www.frc.org.uk/documents/pagemanager/asb/NSS_reports/Report%20of%20NSS%20Meetin g%20March%202011%20_2_.pdf The darkening glass: Issues for translation of IFRS This report takes a European perspective: to identify specific issues which arise in the translation of accounting terminology; to explore the implications of these issues; and to make recommendations for stakeholders in IFRS adoption and translation. The project is based on the expert views of authors and translators of textbooks on financial reporting in European languages other than English. http://www.icas.org.uk/site/cms/contentviewarticle.asp?article=7390 FEE issues 'Combined Financial Statements - A Discussion Paper'. The objective of this discussion paper is to enhance the public debate on the preparation of combined financial statements under IFRS and is a first step to collect views from all interested parties and stakeholders on that subject. http://www.fee.be/news/default.asp?library_ref=2&category_ref=214&content_ref=1371 Meeting of Finance Ministers and Central bank Governors, Washington DC. The G20 Finance Ministers and Central Bank Governors met in Washington DC on 14-15 April 2011. They agreed, among other things, to closely watch the progress of the IASB and FASB's convergence efforts. http://www.economie.gouv.fr/discours-presse/discourscommuniques_finances.php?type=communique&id=5325 ASB publishes Report on Cutting Clutter from Annual Reports The Accounting Standards Board (ASB) of the FRC has published a report – Cutting Clutter: Combating clutter in annual reports. Clutter in annual reports is a problem, obscuring relevant information and making it harder for users to find the salient points about the performance of the business and its prospects for long-term success. http://www.frc.org.uk/asb/press/pub2566.html AICPA Introduces IFRS Certificate Program Based on Comprehensive, Integrated Curriculum, Online Study The American Institute of Certified Public Accountants introduced a new course of study leading to a Certificate of Educational Achievement in International Financial Reporting Standards. The new IFRS Certificate Program is a comprehensive, integrated curriculum of online courses for CPAs and other accounting professionals that provide a measurable standard for evaluating competence in understanding and applying international accounting standards. http://www.aicpa.org/Press/PressReleases/2011/Pages/AICPAIntroducesIFRSCertificate.aspx The Effects of IFRS on Financial Ratios: Early Evidence in Canada, A new study by the Certified General Accountants Association of Canada(CGA-Canada) advises investors to be mindful when considering the financial statements of Canadian companies 37 VADEMÉCUM Ven conmigo transitioning to International Financial Reporting Standards (IFRS) from Canadian Generally Accepted Accounting Principles (GAAP). http://www.cga-canada.org/enca/MediaCentre/MediaReleases/CurrentMediaReleases/Pages/ca_mdr_2011-03-16.aspx New Zealand moves towards two sets of accounting standards New Zealand Accounting Standards Review Board (ASRB) has outlined a new accounting framework for New Zealand consisting of two sets of accounting standards for entities required to prepare general purpose financial reports. One set of accounting standards would be applied by entities with a for-profit objective, and the other would be applied by 'public benefit entities' (PBEs). http://asrb.co.nz/Site/Financial_Reporting/Viability_of_IPSAS.aspx Assessing the Disconnection between Banks’ Financial and Regulatory Reporting. This paper investigates the relationship between banks’ financial and regulatory reporting. We identify variations in principles-based reporting of capital and assets under international financial reporting standards (IFRS) and those prepared under prudential and conservative regulatory reporting practices under standards prepared under the Bank for International Settlements (BIS). http://www.icffr.org/getdoc/290e1da6-dae0-4e54-8adc-cd00259b5a08/Assessing-the-disconnectionbetween-banks-financia.aspx IFRSs to be partially adopted in Russia in 2012 Tthe Russian government signed off an IFRS endorsement procedure (Russian / English). According to the procedure, IFRSs will be endorsed for use in Russia by the Ministry of Finance. http://www.iasplus.com/europe/1103russianifrsendorsementenglish.pdf Key Business Leaders from Around the World Recommend Fundamental Changes to Business Reporting in IFAC Report Elemental changes to the current format of financial reporting need to be made to increase its relevance and stakeholder value and stem the increasing complexity that has plagued financial reporting in recent years, according to key business leaders from around the world interviewed by the International Federation of Accountants (IFAC). Developing a new form of reporting that integrates an organization’s social and environmental performance with its economic performance, in a simplified manner, would benefit all stakeholders, according to interviewees. http://press.ifac.org/news/2011/03/key-business-leaders-from-around-the-world-recommendfundamental-changes-to-business-reporting-in-ifac-report Memorandum of Understanding (MoU) of High-level Meeting of Accounting Standards Setters among China, Japan and Republic of Korea A meeting between the leaders of the standard setters of China, Japan and the Republic of Korea resulted in the signing of a Memorandum of Understanding (MoU), which seeks to strengthen and reinforce the communication and cooperation between the standard setters over the next several years. https://www.asb.or.jp/asb/asb_j/international_issue/jck/20110225_e.pdf India finalises IFRS-converged standards, implementation date yet to be announced 38 VADEMÉCUM Ven conmigo Thirty five Indian Accounting Standards converged with International Financial Reporting Standards (henceforth called IND AS) are being notified by the Ministry and placed on the website. http://www.mca.gov.in/Ministry/press/press/Press_note_dated_25_2_2011.pdf Ivsc releases exposure draft on the depreciated replacement cost method of valuation The Professional Board of the International Valuation Standards Council (IVSC) has today released an Exposure Draft of a proposed update to its guidance on the depreciated replacement cost method of valuation. http://www.ivsc.org/news/nr/2011/nr110215.html European Commission conference on Financial Reporting and Auditing – A time for change? On 9 and 10 February 2011, the European Commission held a high-level conference on accounting and auditing issues. http://ec.europa.eu/internal_market/accounting/conference_20110209_en.htm World Economic Forum discusses integrated reporting The 2011 Annual Meeting of the World Economic Forum (WEF), recently held in Davos-Klosters, included a session entitled 'Accounting for New Realities: Redesigning Corporate Reporting'. http://www.weforum.org/sessions/summary/accounting-new-realities-redesigning-corporatereporting?fo=1 Research shows impacts of IFRS adoption on global funds flows A recent research paper tests the theory that mandating a uniform set of accounting standards such as IFRS improves financial statement comparability that in turn attracts greater cross-border investment. http://www.iasplus.com/resource/1102comparabilitypaper.pdf IVSC issues exposure draft on real property and business valuations the International Valuation Professional Board, an independent technical body of the International Valuation Standards Council (IVSC), has released for comment an exposure draft of Technical Information Paper 1 The Discounted Cash Flow (DCF) Method – Real Property and Business Valuations. Technical Information Papers (TIPs) are designed to provide technical guidance for valuation professionals on generally accepted best practice, but do not provide valuation training or instruction. http://www.ivsc.org/pubs/exp_drafts/1101_dcf_method.pdf Two surveys amongst German small and medium-sized entities on the IFRS for SMEs The Accounting Standards Committee of Germany (ACSG) has published the results of two surveys amongst German small and medium-sized entities on their assessment of the IFRS for SMEs. http://www.standardsetter.de/drsc/docs/press_releases/2011/110110_sme_survey_non-publicly.pdf FRC proposes enhancements to Company Reporting and Audit to deliver greater value to investors The UK’s Financial Reporting Council (FRC) today publishes recommendations aimed at improving the dialogue between company boards and their shareholders http://www.frc.org.uk/press/pub2485.html 39 VADEMÉCUM Ven conmigo IFRS for SMEs adopted in another three countries The IFRS for SMEs, the first set of international accounting requirements developed specifically for small and medium-sized entities, has been adopted in three countries in Central and South America http://www.iasplus.com/pastnews/2010dec.htm Singapore accounting standards council (asc) issues Singapore financial reporting standard for small entities The Singapore Accounting Standards Council (ASC) issued the Singapore Financial Reporting Standard for Small Entities (SFRS for Small Entities or the standard), together with a statement that sets out the applicability of the standard. http://www.asc.gov.sg/press_sfrs_se.htm Argentina adopts IFRS for SMEs The Argentine Federation of Professional Councils in Economic Sciences (FACPCE) approved on 3 December 2010 the Technical Resolution No. 29 which introduces the application of IFRS for SMEs. IFRS are mandatory for public entities which are under the supervision of the Comision Nacional de Valores CNV (Argentine Securities and Exchange Commission). http://www.iasplus.com/americas/1101resolution29argentina.pdf CONASEV aprueba aplicación plena de las Normas Internacionales de Información Financiera Ante la necesidad de adoptar un lenguaje común de intercambio de información financiera y de negocios, debido a la globalización de la economía y la internalización de los mercados, la Comisión Nacional Supervisora de Empresas y Valores (CONASEV) aprobó, mediante Resolución N° 1022010-EF/94.01.1, la aplicación plena de las Normas Internacionales de Información Financiera (NIIF), vigentes internacionalmente para las entidades y empresas bajo el ámbito de su supervisión. http://www.conasev.gob.pe/notas_de_prensa/np_NIIF_plena.pdf  40 VADEMÉCUM Ven conmigo AECA – ASOCIACIÓN ESPAÑOLA DE CONTABILIDAD Y ADMINISTRACIÓN DE EMPRESAS La regulación del sistema productivo de la industria textil en el siglo XVI en Toledo: Una aproximación El sector al que correspondió el mayor protagonismo dentro de la industria europea moderna fue, sin lugar a dudas, el textil. Ello no representaba, en realidad, novedad alguna, pues la industria medieval se desarrolló recisamente en función primordialmente de la fabricación de tejidos. El vestido, al tiempo que una necesidad inmediata, resulta expresión visual de distinción social, aún más que la decoración de la vivienda. Por ello la industria textil creció a Expensas tanto de la necesidad como del lujo. Uno de los grandes cambios Que se producen en este tipo de industria durante todo el siglo XV y se consolida en el XVI se centra en las relaciones de producción, en la utilización de mano de obra campesina y la consolidación del ciclo de producción artesano rural. La mano de obra rural comienza a trabajar por su cuenta o en dependencia del empresario-productor de la ciudad. Si bien, la profunda transformación de la industria textil tendrá lugar en el siglo XVIII, con la revolución industrial. http://www.aeca.es/vii_encuentro_trabajo_historia_contabilidad/pdf/19_Jimenez_Montanes.pdf  AICPA – AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS AICPA, CIMA Announce Proposal To Create International Management Accounting Designation Proposed JV to Enhance Understanding, Practice of Management Accounting Worldwide Published March 17, 2011 NEW YORK and LONDON (March 17, 2011) – The American Institute of Certified Public Accountants and the Chartered Institute of Management Accountants, based in London, are proposing a joint venture that would give management accountancy a higher profile in the United States, promote the professional development of management accountants across the world and advance the U.S. Certified Public Accountant as a worldwide standard of professional excellence in accounting. The proposed joint venture would combine the strength of the AICPA in North America with CIMA’s presence in Europe, the Middle East, Africa, Asia and elsewhere. The AICPA and CIMA would create a new not-for-profit joint venture that would promote a new, globally recognized management accounting designation. The proposal is subject to approval by governing bodies of both organizations and will be voted on separately by the CIMA and AICPA councils in May. http://www.aicpa.org/Press/PressReleases/2011/Pages/InternationalAccountingDesignation.aspx  41 VADEMÉCUM Ven conmigo CIMA - CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS Global survey findings on accounting for sustainability practices released by CIMA, AICPA and CICA The Chartered Institute of Management Accountants (CIMA), the American Institute of Certified Public Accountants (AICPA), and the Canadian Institute of Chartered Accountants (CICA) released a landmark survey measuring the state of accounting for sustainability in the UK and North America. CIMA, AICPA, and CICA surveyed organizational leaders from their respective memberships and conducted interviews with sustainability executives from leading organizations to examine key characteristics of business sustainability, and the level of finance function involvement in corporate sustainability initiatives. http://www.cica.ca/news/media-centre/media-releases-and-backgrounders/2010/item45733.aspx Certificate in business accounting from 2011 Syllabus changes for 2011 CIMA has revised its certificate in business accounting for 2011. This revision is a closer fit with our 2010 chartered management accounting qualification. The updated content also reflects significant emerging issues facing the business and financial communities such as the 2008 banking crisis and credit crunch. The updated syllabus also uses a new format which links the lead aims, learning outcomes and syllabus content more explicitly. http://www.cimaglobal.com/Students/Entry-level-certificate-in-business-accounting/Certificate-inbusiness-accounting-from-2011/ CIMA withdraws from the CCAB CIMA is to withdraw from membership of the CCAB. As the world’s largest management accountancy body with a strong and growing global presence, CIMA is focusing its resources where they have the largest benefits for our members and students, the public interest, business as a whole and the science of management accountancy. CIMA’s agenda is to develop and support the role of financially qualified business leaders who work in organisations around the world. Therefore the CCAB, with its emphasis on audit, has diminishing relevance for the institute. CIMA sees the UK’s Financial Reporting Council (FRC) as the independent statutory regulator for the sector and plans to play an active role in both the FRC and International Federation of Accountants (IFAC) to pursue its strategic global ambitions where relevant to our stakeholders. http://www.cimaglobal.com/About-us/Press-office/Press-releases/2011/March-2011/CIMAwithdraws-from-the-CCAB/ New challenges and opportunities for business Event type: Local events CIMA’s CEO Charles Tilley and Jim Robertson of Shell hosted a successful evening event at Shell’s headquarters in The Hague on 28 March 2011, engaging the audience on a range of new challenges and opportunities for business. With the global landscape undergoing constant change, much of it unprecedented, business has ever growing demands upon it. To provide sustainable business models for long term value creation, for both investors and society in general, financial professionals must be able to respond to 42 VADEMÉCUM Ven conmigo governmental, regulatory and governance challenges as well as social, environmental and related ethical dilemmas. Global significance The shift towards creating shared value – which, for corporate entities, means not only being responsible to investors but also responsive to society and achieving long term success – is an accelerating trend. Just as Shell had been at the forefront of corporate responsibility reporting at the end of the 1990s, firms such as Aviva Investors and Unilever are now at the vanguard of the sustainability agenda. In recent months Unilever has proven its green credentials by setting itself specific and quantifiable sustainability targets for the next decade. CEO Paul Polman boldly stated: ‘If you buy into this, come invest in us – if you don’t, then don’t.’ Similarly, Aviva Investors’ chief Paul Abblerley criticised financial institutions for being riddled with climate change sceptics and investment professionals dismissive of important social issues. Aviva takes an increasing public approach to the issue of sustainability, believing that investing in a company with a long term horizon is critical. Changing times At the same time, regulation at national and global levels is intensifying. These dynamic times require the development and application of new skills and methods in both establishing and understanding appropriate management information, as well as ways of analysing and understanding externalities and their impact on business performance, now and in the future. Added to this are the growing expectations of regulatory bodies, the challenges of multiple reporting requirements and ever widening compliance needs. Although transparency and a high standard of practice is welcome and necessary, the level of regulation and consequent disclosure requirements should be appropriate and designed to promote well managed businesses rather than stifle business effectiveness. Stuart Chaplin and Michael Kentish of Shell concluded that, given the diverse demands on the profession, there has never been a more exciting time to work in finance. http://www.cimaglobal.com/Our-locations/Netherlands/Events/Event-1/ CIMA and AICPA embark on international management accounting initiative The step would promote development of management accountancy in US LONDON and NEW YORK (March 17, 2011) – The Chartered Institute of Management Accountants (CIMA), headquartered in London, and the American Institute of Certified Public Accountants (AICPA), headquartered in New York, are launching a joint venture that would give management accountancy a far higher profile in the United States and promote its development across the world. The step, which requires ratification from the institutes’ respective governing bodies, would combine the strength of the AICPA in North America with CIMA’s presence in Europe, Middle East, Africa, Asia and elsewhere. CIMA and AICPA would create a new not-for-profit joint venture to be called the Association of International Certified Professional Accountants. This would promote a new professional accounting designation with new designatory letters which will be announced in due course. Existing CIMA members could retain their current “FCMA” or “ACMA” letters after their names, or alternatively, they would have the option to use these as appropriate in conjunction with the new designation. This joint venture would also promote the US Certified Public Accountant (CPA) qualification as a worldwide standard of professional excellence in public accounting. The agreement is subject to approval by governing bodies of both organisations and will be voted on separately by both the CIMA and AICPA Councils in May. 43 VADEMÉCUM Ven conmigo George Glass, CIMA President, said: “This agreement would give CIMA and AICPA truly global reach. The new venture would have an unrivalled depth of resources to meet the needs of both organisations and their individual members around the world. We believe that the new qualification designation would prove hugely appealing in mature and emerging markets.” AICPA Chairman Paul Stahlin said: “We are delighted and fortunate to be able to work with CIMA as an established global partner that brings a wealth of experience and knowledge to this exciting new proposal. If approved, this joint venture promises to create long-term strategic value for our members and the companies they work for.” Together the new venture will cover 550,000 members and students worldwide. CIMA is the largest professional body in the world focused exclusively on management accounting and the AICPA is the world’s largest professional accounting organisation with members in a wide range of accounting and financial executive roles. CIMA chief executive Charles Tilley said: “Management accounting is where finance and business meet and helps corporations build more efficient and effective organisations. Management accountants provide the expertise and information that enable organisations to make businesscritical decisions. Professionals who earn the new designatory letters will have achieved proficiency and leadership in management accounting.” AICPA President and chief executive Barry Melancon said: "High-quality management accounting professionals who combine expertise with a deep commitment to ethics and integrity serve the public interest. This joint venture and new designation would recognise professionals around the world committed to excellence in management accounting, enterprise and performance strategy." Under the terms of the proposed agreement, the partnership would be reflected in equal decision making through a 50:50 board of directors with CIMA and AICPA rotating the role of chairman and the new joint venture would be 60 percent owned by the AICPA. Charles Tilley and Barry Melancon would each have management roles in both the CIMA and AICPA to ensure coordination. The pathways for obtaining the new designatory letters would vary. Recognising the significant educational and professional background of US CPAs, AICPA voting members working in management accounting or a financial management role for three years or more, would qualify for an accelerated route to obtaining the new designation. Non-voting AICPA members would enter a rigorous training programme through their employer or on their own consistent with that undertaken by other people studying for the CIMA professional qualification and in membership. Those holding the new designatory letters would commit to an ongoing, self-directed programme of developing and maintaining competency in management accounting as well as leadership and strategy. This knowledge base would be derived from an expert panel assessment of skills and competencies needed to succeed in various career paths in management accounting. This continuous career development model would be based on a contemporary, technology-enabled approach and would focus on competency maintenance versus required hours in coursework. The new designation would be issued by the joint venture on behalf of the AICPA and CIMA, with the membership remaining with the two existing bodies. http://www.cimaglobal.com/About-us/Press-office/Press-releases/2011/March-2011/cima-aicpa-jv/ New climate change advice to help businesses boost growth 29 March 2011 Climate change will bring opportunities for economic growth if British businesses think now about how climate change will affect them, UK environment minister Lord Henley said today. The 44 VADEMÉCUM Ven conmigo message came at the launch of a new interactive online tool designed by Defra and CIMA to prepare businesses for both climate risks and opportunities. The climate resilience toolkit is a quick and simple online tool available on the Business Link website for businesses wanting to increase their resilience to the changing climate, or explore possibilities for growth by taking advantage of the opportunities climate change will bring. The toolkit provides a tailored report for each business to help it focus on what it should be doing to prepare, such as checking the robustness of its supply chain, the threat of flooding to premises and possible changes in customer demand for products. Lord Henley said: ‘Climate change will have impacts on all UK businesses, such as the availability of resources, demand for different products, and the increased threat of floods, drought and other extreme weather. But smart businesses that take action now to limit the risks and identify the opportunities climate change could bring will steal a march on their rivals. ‘The climate resilience toolkit we have developed with CIMA is an excellent tool for quickly and simply assessing areas in your business that could be affected by climate change.’ While many organisations have looked at reducing their carbon emissions, fewer have seriously considered how to address the impacts of an already changing climate. A survey commissioned by Defra last year found that two thirds of the UK’s largest businesses (68%) have not yet acted on the risks and opportunities that climate change poses. Businesses must not only consider how to reduce their environmental impact, but also how to adapt and build resilience to the expected impacts of climate change as part of their wider business model. Andrew Harding, executive director, CIMA markets, explains: ‘Forward thinking businesses must be aware of the risks and alive to the opportunities that climate change brings. Many SMEs fail to prepare for climate change, leaving it to the big players in industry to manage and mitigate those risks. This can leave many SMEs in a vulnerable position. ‘It is vital that all businesses, whatever their size, assess these risks now and take action to manage those risks to avoid costly disruption. This online tool will improve organisations’ risk planning around climate change and will help them become more economically resilient. ‘Sustainability makes good business sense and it should be embedded at the very heart of any company strategy. As companies incorporate these environmental considerations into their strategies for long-term business success, management accountants have an important role to play in ensuring that investments in sustainability capabilities produce greater returns than simply meeting compliance requirements.’ Andrew Slight, head of external affairs at PepsiCo UK & Ireland, said: ‘PepsiCo is reducing carbon emissions in our own operations as well as throughout our supply chain. But we also know that tackling climate change is about adaptation as well as mitigation. For example, we are working with Climate East, Defra, Suffolk Country Council, Anglian Water and the Environment Agency to understand how climate change will affect the water availability for our Copella apple juice plant at Boxford in Suffolk and for the local community. ‘By asking these questions now, we want to ensure the long term resilience and viability of our operations, and work with others towards having a positive water impact. ‘The new toolkit will help businesses gain a better understanding of the risks and opportunities involved in adapting to a changing climate and, we hope, lead to more collaboration between business, government, water companies and other stakeholders, which will help us all manage future risks better.’ http://www.cimaglobal.com/About-us/Press-office/Press-releases/2011/March-2011/New-climatechange-advice-to-help-businesses-boost-growth/ 45 VADEMÉCUM Ven conmigo Celebrate ten years of business excellence in management accountancy 18 April 2011 The Chartered Institute of Management Accountants (CIMA) is now inviting entries for the tenth CIMA annual awards. The awards recognise excellence in management accountancy and honour those involved in promoting the profession from around the world, with categories open to individuals, teams and organisations who have achieved outstanding success throughout 2011. CIMA is pleased to announce the 17 award categories for 2011, including the addition of two new categories: Businesswoman of the year: an exceptional businesswoman, who has made a fundamental contribution to the success of her company or who has developed and run her own business. Inspirational CIMA story of the year: a CIMA member whose career story will inspire others to realise their ambition. http://www.cimaglobal.com/About-us/Press-office/Press-releases/2011/April-2011/Celebrating-10years-of-Business-Excellence-in-Management-Accountancy/ CIMA professor calls for less regulation and better reporting to prevent downturns 18 May 2011 In a time of strong calls for tighter compliance, Wim Van der Stede, CIMA’s (Chartered Institute of Management Accountants) professor of accounting and financial management at the London School of Economics, argued that regulation must remain principles based. He cautioned regulators against issuing over-prescriptive and excessive regulation, and alerted global business about the pitfalls of mere compliance driven reporting. Professor Van der Stede said that to help curb economic failure, businesses must have the flexibility to tell the ‘story’ of their organisation, and ensure that a deeper understanding of their ethos and governance practices was communicated. He said that this would be critical to providing investors with the full picture of an organisation’s health, which in turn would contribute to value creation through disciplined accountability. Professor Van der Stede was speaking at CIMA’s biennial Anthony Howitt lecture, held at the British Museum, London, where he addressed over 130 delegates on corporate governance reporting and the critical roles of regulators, issuers and users at a time when rules in this area are still up for review. ‘In terms of governance, frameworks such as ‘comply or explain’ are superior to rigid mandatory compliance based regimes and the UK has been a leading authority in this regard,’ he explained. ‘But even this regulation has its limitations. ‘There are concerns that many organisations opt to ‘comply’ rather than ‘explain’ as this can be easier and less costly than having to explain individual approaches to governance. As such, I’d argue that ‘comply or explain’ really only meets its true intent if seen as ‘explain and demonstrate’. ‘In line with this, companies would explain and demonstrate how their risk and governance practices are effective and shaped for real use rather than mostly comply through boilerplate reporting. ’Governance codes should provide minimal principles-based guidance based on best practice and companies would be required to make a reasoned case that their governance and risk systems and processes and actions are sensible and measured or ‘safe’ under plausible conditions.’ Professor Van der Stede called for not more but better reporting, and explained how this would improve board and investor dialogue which in turn would encourage better governance practice. He continued that the key is not to expect too much from regulatory-driven corporate reform if it fails to feature any change in behaviour. Instead, he advised that any sensible approach must 46 VADEMÉCUM Ven conmigo involve, but not blindly trust, responsible issuers and vigilant users, and that this is where regulators should be firm in their requirement for disclosure but restrained in their prescription in order to find the right balance. http://www.cimaglobal.com/About-us/Press-office/Press-releases/2011/May-2011/CIMA-Professorof-Accounting-calls-for-less-regulation-and-better-quality-reporting-to-help-curb-future-economicdownturns-/ American Institute of Certified Public Accountants and Chartered Institute of Management Accountants agree to offer new CGMA designation New AICPA-CIMA designation -- Chartered Global Management Accountant -- to advance knowledge and practice of management accounting worldwide LONDON / WASHINGTON, DC (May 23, 2011) – The governing bodies of the American Institute of Certified Public Accountants and the Chartered Institute of Management Accountants, headquartered in London, today agreed on creation of a new professional designation, the Chartered Global Management Accountant, that will be a worldwide standard of professional excellence in management accounting. With approval now given by the AICPA and CIMA councils, the two accounting bodies will create the new CGMA designation to give management accountancy a higher profile in the United States and promote the professional development of management accountants across the globe. Backing the new CGMA designation will be an AICPA-CIMA joint venture with international resources and experience in management accounting, business and cultural knowledge. CIMA president George Glass said: 'We are delighted that management accountancy is to be given a strong new global impetus by this joint venture. This advances our strategic aims and will ensure management accountants, committed to strict ethical standards, will receive world-class support in a fast-globalising world.' 'This is truly an historic moment for management accounting and the accounting profession worldwide.' AICPA chairman Paul Stahlin said. 'Our joint venture with CIMA creates long-term strategic value for our members and literally opens up the world for US CPAs in management accounting.' CIMA is the largest professional body in the world focused exclusively on management accounting and the AICPA is the world’s largest professional accounting organisation with members in a wide range of accounting and financial executive roles. Together, the new venture will cover more than 550,000 members and students worldwide. The new AICPA and CIMA joint venture will promote and establish the CGMA as the preeminent, globally recognised management accounting designation. The joint venture will combine the strength of the AICPA in North America with CIMA’s presence in Europe, the Middle East, Africa, Asia and elsewhere. CIMA chief executive Charles Tilley said: 'The new CGMA will be recognised throughout the world as the gold-standard designation for management accountants who play a vital role in building sustainable business value. The joint venture will raise the profile of the profession and be a passport for careers throughout the world.' 'Economic globalisation is a reality for all businesses now and in the future and so it’s critical that we have a universally accepted standard of excellence for management accounting,' said AICPA president and CEO Barry Melancon. 'Combining that commitment to excellence with ethics and integrity, the CGMA will help produce and recognise top management accounting professionals worldwide.' 47 VADEMÉCUM Ven conmigo It is proposed that the new CGMA letters will be issued to members early in 2012. AICPA voting members with at least three years working in management accounting or a financial management role would qualify for an accelerated route to obtaining the new designation. Those holding the new designation will commit to a programme of developing and maintaining competency in management accounting as well as leadership and strategy. This knowledge base will be derived from an expert-panel assessment of skills and competencies needed to succeed in various career paths in management accounting. CIMA members, all of whom hold either an ACMA or FCMA, will be entitled to use the letters ACMA CGMA or FCMA CGMA if they wish to. The new CGMA will be issued by the AICPA and CIMA through a license with the joint venture, with membership remaining with the existing organisations. The AICPA and CIMA had announced their proposal to form a joint venture on March 28, 2011. http://www.cimaglobal.com/About-us/Press-office/Press-releases/2011/May-2011/cima-aicpa-jointventure/ CIMA elects new president 6 June 2011 Harold Baird FCMA, management accounting and business adviser, has been elected President of the Chartered Institute of Management Accountants (CIMA) at its Annual General Meeting held at the Queen Elizabeth II Conference Centre, London, on 4 June. Mr Baird provides services to small-to-medium enterprises and not-for-profit organisations in Northern Ireland and is currently a Director of the Methodist Publishing Company Limited and Belfast Activity Centre Limited. Formerly, he was Senior Corporate Planning Accountant with Northern Ireland Electricity plc which on privatisation became Viridian plc. He has been extensively involved in the CIMA member network and was elected to Council in June 2001 to represent Northern Ireland. He was Chairman of the Members’ Services Committee from 2007 to 2009 and has also served on several other committees including the Executive, International Development and Lifelong Learning Committees. On becoming CIMA president, Harold Baird FCMA said: “It is an honour to be elected as president of CIMA and I am certain it will be a fulfilling year. “CIMA is entering into a joint venture with the American Institute of Certified Public Accountants (AICPA), which will raise the profile of the profession and be a passport for careers throughout the world. I am keen to further enhance the institute’s relevance and reputation by forging strong partnerships and working relationships both within the institute and externally. It has truly never been a better time to be a management accountant.” In addition to Mr Baird’s appointment Gulzari Babber FCMA has been elected deputy president, and Malcolm Furber FCMA has been elected vice president. Mr Babber is one of the institute’s Registered Members in Practice and has run his own accountancy and taxation practice in Harrow, West London since 1985. Mr Furber has been a member of CIMA’s Council for 13 years. He currently has his own consulting business where he has played a major role in business improvement assignments in both the private and public sector. http://www.cimaglobal.com/About-us/Press-office/Press-releases/2011/June-2011/CIMA-electsnew-president/ Management accountants urged to adopt web 2.0 technologies 9 June 2011 48 VADEMÉCUM Ven conmigo Management accountants must adopt enterprise web 2.0 collaborative technologies (the streamlining of business processes via the use of social media tools) if they are to enhance their customer accounting practices in the future, according to CIMA’s latest report. ‘Adopting enterprise web 2.0 collaborative technologies in business: the implications for management accountants’ concluded that even in companies that were early adopters of enterprise web 2.0 technologies, few accountants were systemically using social networking, but those that did reported improvements in their effectiveness. The study found quantification of the ‘soft’ or intangible benefits of enterprise web 2.0 (such as improving coordination, knowledge accessibility, and relation building amongst people and teams) remains a challenge for management accountants. There are difficulties using accounting frameworks to identify the business ‘value’ of these tools, and although some of the cost and benefits can be measured and quantified, there are other intangible non quantifiable benefits that cannot be calculated through accounting models. However, for those who embrace this technology, one important and tangible benefit found was a reduction in travel expenditure impacting on financial costs and the environment. Naomi Smith, research and development manager, CIMA, commented: ‘The profession is experiencing a generational effect emerging as both trainee accountants and newly qualified professionals are using technologies more extensively than others. Accountants need to take advantage of the opportunities that social networking tools present as they offer new ways of improving communication with others in the business, particularly with those at a distance. ’By utilising these tools we are giving more power to employees to create their own way of organising knowledge, workplaces, and business processes.’ The report will be officially launched at a half day event on 13 June at Microsoft’s London headquarters, featuring keynote speakers and panel discussions with leading enterprise 2.0 experts from BT, Microsoft and BAE Systems. Further details of the event can be found at www.cimaglobal.com/enterpriseweb or on Twitter at the hashtag #e20cima. http://www.cimaglobal.com/About-us/Press-office/Press-releases/2011/June-2011/Managementaccountants-urged-to-adopt-Enterprise-Web-20-technologies-in-business-/ Earn and learn as CIMA partners UK University 21 June 2011 Busy finance professionals could add a degree to their CVs thanks to a unique partnership in the UK. The Chartered Institute of Management Accountants (CIMA) has teamed up with Manchester Metropolitan University (MMU) to link its existing qualifications to a fast-track university degree. Students can top up their accountancy exams to gain the degree award without having to enrol on a lengthy higher education course. “If you are in work or have chosen to study CIMA instead of going to university, you can still achieve your degree”, explained Paul Summers, senior lecturer in accounting at the University’s Business School. CIMA is the world’s largest professional body of management accountants with 183,000 members and students and 4,000 companies globally offering CIMA training. The new distance learning degree is designed to dovetail with the CIMA Certificate and Diploma and could be reached, say lecturers, in one year. Robert Jelly, Executive Director of CIMA Education said: “We are delighted to enter into this partnership with Manchester Metropolitan University to provide our students with the opportunity to obtain a degree while they progress through the CIMA qualification. 49 VADEMÉCUM Ven conmigo “In providing young people with the basis of a successful career in management accounting and as future business leaders, CIMA studies are open to those without a university degree to promote access, diversity and opportunity. “The combination of an honours degree and membership of the world’s leading and largest professional management accounting body enhances both job opportunities across a wide range of roles in business and government and the ability to be internationally mobile.” MMU is the first higher education institution chosen by CIMA to run the degree – a BA (Hons) in Sustainable Performance Management. Professor Ruth Ashford, Dean of MMU Business School, said: “For financial services professionals, this is a very attractive pathway to develop their status and career. “We were delighted to be invited to design a degree for CIMA members. It’s very satisfying to work with them on a project that gives the University global reach. ”The programme is specifically designed to give students commercial insight and to equip them with the knowledge and skills to become successful, responsible, financial and business professionals. “Although demand for degrees is huge we are talking about students who are busy professionals and who may live anywhere across the globe, so the programme is entirely delivered online with a great deal of online tutorial support,” added Paul Summers. The honours degree will be launched in July 2011 and a Masters for fully qualified CIMA members will be available from January 2012. http://www.cimaglobal.com/About-us/Press-office/Press-releases/2011/June-2011/Earn-and-learnas-CIMA-partners-UK-University/ CIMA 2011 World Conference Join us at the CIMA 2011 World Conference bringing together outstanding business leaders from around the world. The conference will provide an opportunity to hear and network with business leaders who are making a difference, reducing their footprint and being successful. Hear some of the world’s top business leaders speak about crucial issues at the CIMA World Conference 2011. 600 decision makers from local and international companies are expected at the conference – the invitation to the conference is extended to people who are making a difference and who want to continue to make a difference. When: 24 – 25 October 2011 Where: Cape Town International Convention Centre, Cape Town, South Africa http://www.cimaglobal.com/Events-and-cpd-courses/CIMA-2011-World-Conference/ ERNST & YOUNG Cost cutting and pricing pressures fastest growing risks to global business in 2011. - Market risk and expansion of government’s role new entrants to annual risk radar - Regulation remains biggest overall risk - Emerging markets demand growth biggest opportunity for 2011 Regulation and compliance remains the biggest risk to global businesses in 2011, with the expansion of government’s role as a new entrant in Ernst & Young’s fifth annual Global Business Risk Report, which canvasses the views of leading analysts, academics and industry executives. However the most significant changes from the 2010 report are that cost cutting has moved up four places to take the number two position and pricing pressures has moved up ten places to fifth. 50 VADEMÉCUM Ven conmigo http://www.ey.com/GL/en/Newsroom/News-releases/Cost-cutting-and-pricing-pressures-fastestgrowing-risks-to-global-business-in-2011 Quebec manufacturing companies start 2011 with renewed confidence: Ernst & Young Gearing up to take advantage of market opportunities outside the province is this year’s priority for Quebec manufacturing companies, reveals a new survey conducted by Ernst & Young, in collaboration with Manufacturiers et exportateurs du Québec (MEQ). http://www.ey.com/CA/en/Newsroom/News-releases/2011-Manufacturing-MEQ-survey Dodd-Frank at six months: intensive rule-making in 2011 highlights the need for financial services institutions to assess, mobilize and implement change The Dodd-Frank Wall Street Reform and Consumer Protection Act reached its half-year mark on 21 January 2011. Over the past six months, the process of setting up new regulatory agencies and formulating rules to guide the financial services sector has begun. According to an analysis by Ernst & Young, titled, Positioning for change: US financial reform six months later, as rule-making activity accelerates toward the approaching one-year anniversary — when many final rules are supposed to be put in place — early mobilization will become ever more critical. http://www.ey.com/US/en/Newsroom/News-releases/DoddFrank-at-six-months_intensive-rulemaking-in-2011-highlights Incremental innovation key to competitiveness Despite the global recession, 87% of companies have grown their portfolio of products over the last three years, according to an Ernst & Young report Competing for growth released today. Companies have grown their portfolio of products in order to exploit the market potential of their current customers, reflecting the fact that incremental innovation has become a main competitive tool. http://www.ey.com/GL/en/Newsroom/News-releases/Incremental-innovation-key-tocompetitiveness  FEDERACIÓN ARGENTINA DE CONSEJOS PROFESIONALES DE CIENCIAS ECONÓMICAS Presentación de estado contable de ejecución presupuestaria http://www.facpce.org.ar/usuarios/file/2010/CECYT/P2RTSP%20%20Presentacion%20de%20Estado%20Contable%20de%20Ejecucion%20Presupuestaria.pdf  FEDERATION OF EUROPEAN ACCOUNTANTS Preserving our natural capital: ecosystems and biodiversity The diversity and services that nature provides underpin the fi nancial success of our businesses. In many cases these are utilised without direct cost. However, the manner and levels of our consumption are now leading the destruction of our ecosystems and biodiversity. 51 VADEMÉCUM Ven conmigo Whilst the cost of this is currently largely borne by the world’s poorest, it will eventually affect us all as human, environmental and economic systems are linked in complex ways. The long-term viability of society and economy depend on maintaining our natural capital. http://www.fee.be/publications/default.asp?library_ref=4&content_ref=1335 FEE issues 'Environmental, Social and Governance (ESG) indicators in annual reports - An introduction to current frameworks' The debate around the broader disclosure of ESG issues is important. FEE believes it can make a difference to the most necessary transition toward a sustainable economy. This paper aims at providing information on documents prepared by various bodies and most commonly referred to when considering the identification and use of ESG indicators (also Key Performance Indicators (KPIs) and reporting principles). http://www.fee.be/news/default.asp?library_ref=2&content_ref=1393  FENALCO – FEDERACIÓN NACIONAL DE COMERCIANTES Agendado en comisión quinta de Senado Proyecto de ley mediante la cual se regularía la política pública de residuos eléctrico y electrónicos (RAEE) en Colombia http://www.fenalco.com.co/content/circular-082-de-2011 Mano de obra colombiana cada vez es más competitiva frente a la de China http://www.fenalco.com.co/content/circular-187-de-2011 Radicada ponencia para segundo debate del proyecto de ley mediante la cual se regularía la política pública de residuos el{ectricos y electrónicos (RAEE) en Colombia http://www.fenalco.com.co/content/circular-233-de-2011  IMA – INSTITUTE OF MANAGEMENT ACCOUNTANTS IMA's 92nd Annual Conference & Exposition Is where accountants and financial professionals will gather to make important connections and expand their knowledge. Junio 4-8 2011 Do more than update your resume, build it. Hear speakers representing private industry, small businesses, academic institutions, government agencies, multi-national corporations and earn over 25 NASBA approved continuing education credits. Create your own curriculum to meet your learning objectives by choosing from over 40 educational opportunities: Business Leader Keynote Sessions, designed to deliver best practices for excellence on the job (breakfast, general and lunch non-compete) Concurrent Sessions that provide information and guidance on emerging techniques and trends to meet daily challenges (75 minutes in length, 24 sessions to choose from) 52 VADEMÉCUM Ven conmigo Pre Conference Workshops that offer in-depth training to build skills immediately through practical execution (two hours and fifteen minutes in length; designed for smaller groups and more in-depth learning) "Friend" someone in person IMA also provides a variety of opportunities for you to engage with colleagues and leaders in the profession following a full day of education sessions. http://www.imaconference.org/ IMA Nominating Committee Announces John C. Macaulay, CMA as Fiscal 2011-2012 Chair-Elect The Nominating Committee of IMA is pleased to announce John C. Macaulay, CMA as the ChairElect for IMA’s fiscal 2011-2012 period (July 1, 2011 to June 30, 2012). Mr. Macaulay recently retired from the position of vice president, CFO, and controller of Royal Street Communications, LLC. Throughout his career, he has held a variety of financial management positions with a number of Fortune 500, international, and not-for-profit organizations. He has also been a director and vice-chair of a NASDAQ company. Mr. Macaulay earned a B.A. degree from St. Olaf College and an MBA with distinction from the Kellogg School at Northwestern University. Mr. Macaulay is a longtime member of IMA and passed the first CMA examination 1972. He has served in numerous leadership roles at the local, regional, and national levels. He was the first chair of IMA’s Performance Oversight and Audit Committee. Locally, he held the position of president for both the IMA Texas Council and the Dallas Chapter. Globally, he served as a member of the ICMA Board of Regents and currently serves on the IMA Global Board of Directors and is a governor of the Stuart Cameron McLeod Society. http://www.imanet.org/about_ima/ima_leadership/ChairElect.aspx Competition Reports The Community Relations Team is happy to announce that the competition reports and standings are now on the Chapter Portal! The reports can be found in Chapter Portal > Chapter Tools > Reports, and the standings can be found in Chapter Portal > Chapter Resources > Competition. For any discrepancies in the reports/standings, please contact your Community Relations Associate. Also, in case you missed the Membership Development Teleconference on January 25, you can click here to watch it in playback. If you’re not familiar with this teleconference, it is helpful for members that have taken on the role of VP Membership for their chapters and councils during the 2011 fiscal year. It will discuss how to create strategies for engaging with your local corporate community, how to make the most of IMA staff or senior volunteer visits to your region, how to work with other organizations in your region, and more http://www.imanet.org/groups_and_networking/councils_chapters/ChapterCouncileNews/Februar yeNews/ChapterPortal.aspx IMA Wins iNOVA Award for Redesign of Website IMA® recently won the Bronze Award in the Redesign/Re-launch category from the 10th Annual International iNOVA Website Awards. The award comes just six months after IMA re-launched its new website – www.imanet.org. The site was designed deliver a more effective and convenient experience for members with IMA’s new visual identity. The iNOVA Awards are distributed by MerComm, Inc. and honor excellence in corporate and organizational websites. IMA’s website was evaluated for content, design, and technology and was recognized for creative web design, content originality, and functional performance. Joining IMA 53 VADEMÉCUM Ven conmigo on this year’s winners list are such world-class brands as General Motors, Pfizer, and Hormel Foods. IMA’s redesigned website allows visitors improved access to the site’s most popular content areas. Through the newly designed tabbed navigation, members can access the IMA Learning Center, view upcoming events, access IMA’s research, resources, and publications, as well as connect to IMA’s social network, LinkUp IMA – all from the homepage. “IMA is proud to receive the iNOVA Award,” said Maureen Walsh, IMA chief marketing officer. “Our commitment is to deliver products and services that will enhance member value and serve organizations and the profession as a whole in a rapidly changing business environment.” Ms. Walsh also said of the re-launch that IMA’s goals were met in improving the member experience and repositioning IMA as a forward-looking professional association. So far, IMA’s website has been well received with an average of more than 150,000 visitors a month. As a reminder, log into IMA’s website with your user name and password to ensure access to the entire site’s Members Only resources. http://www.imanet.org/groups_and_networking/councils_chapters/ChapterCouncileNews/Februar yeNews/WebAward.aspx  KPMG Canadian Manufacturing Should Look to Supply Chain Partnerships to Drive Innovation A focus on cost and risk mitigation will be critical to Canadian manufacturers looking to stay competitive, according to a recent survey from KPMG LLP. In the report Reshaping the supply chain: New opportunities for Canadian manufacturers, the accounting firm states that Canadian manufacturers hould find new ways to compete with their global counterparts when faced with he reality of a strong Canadian dollar and lower cost jurisdictions. http://www.kpmg.com/Ca/en/IssuesAndInsights/ArticlesPublications/PressReleases/Pages/Canadian-Manufacturing-Should-Look-to-Suppl-yChain-Partnerships-to-DriveInnovation.aspx  54 VADEMÉCUM Ven conmigo  NACIONAL BANCO DE LA REPUBLICA Reporte de Mercados Financieros – Primer trimestre 2011 Este reporte hace una descripción del coportamiento de los mercados financieros colombianos, y realiza comparaciones internacionales. El análisis se centra en el periodo comprendido entre enero y marzo de 2011, meses en los que pese al desastre natural de Japón, y a los recortes en las calificaciones de riesgo internacional disminuyeron. http://www.banrep.gov.co/documentos/informeseconomicos/pdf/Reporte%20de%20Mercados_ene-mar_2011.pdf  MINISTERIO DE HACIENDA Y CRÉDITO PÚBLICO Proyecto de decreto minhacienda jun-11 sobre Instrumenros derivados financieros y productos estructurados El Ministerio de Hacienda y Crédito Público (MHCP) divulgó para comentarios el Proyecto de Decreto “por el cual se reglamenta el artículo 74 de la Ley 1328 de 2009 y se modifican algunas disposiciones en materia de instrumentos financieros derivados y de productos estructurados." http://www.bvc.com.co/pps/tibco/portalbvc/Home/NoticiasDetalle?com.tibco.ps.pagesvc.renderPar ams.sub5d9e2b27_11de9ed172b_-783b7f000001=rp.currentDocumentID%3D162ddcb1_130bbf48e3a_605c0a84c5b%26rp.docURI%3Dpof%253A%252Fcom.tibco.psx.model.cp.Do cument%252F162ddcb1_130bbf48e3a_605c0a84c5b%26action%3DopenDocument%26addDefaultTarget%3Dfalse %26&com.tibco.ps.pagesvc.action=updateRenderState&rp.currentDocumentID=66bac3be_130b2c5e e18_6f0ac0a84c5b&rp.revisionNumber=1&rp.attachmentPropertyName=Attachment&com.tibco.ps.page svc.targetPage=-36c0e342_11de59a6ea2_7972c0a84c5b&com.tibco.ps.pagesvc.mode=resource&rp.redirectPage=-36c0e342_11de59a6ea2_797bc0a84c5b Proyecto de decreto minhacienda jun-11 sobre dividendos de las acciones inscritas en el RNV el Ministerio de Hacienda y Crédito Público (MHCP) divulgó para comentarios el Proyecto de Decreto “porel cual se modifican normas sobre los dividendos de las acciones inscritas en el Registro Nacional de Valores y Emisores – RNVE y las listadas en los Sistemas de Cotización de Valores del Extranjero.” http://www.bvc.com.co/pps/tibco/portalbvc/Home/Noticias+/Noticias?com.tibco.ps.pagesvc.render Params.sub5d9e2b27_11de9ed172b_6dc37f000001=action%3Ddummy%26&com.tibco.ps.pagesvc.action=updateRenderState&rp.current DocumentID=66bac3be_130b2c5ee18_7891c0a84c5b&rp.revisionNumber=1&rp.attachmentPropertyName=Attachment&com.tibco.ps.pag 55 VADEMÉCUM Ven conmigo esvc.targetPage=-36c0e342_11de59a6ea2_7972c0a84c5b&com.tibco.ps.pagesvc.mode=resource&rp.redirectPage=-36c0e342_11de59a6ea2_797bc0a84c5b  SUPERINTENDENCIA FINANCIERA Cartilla sobre el Mercado de Valores El Ministerio de Hacienda y Crédito Público y la Superintendencia Financiera de Colombia, comprometidos con la misión de preservar la confianza pública y la estabilidad del sistema financiero, así como de velar por la observancia de los derechos de los consumidores financieros y la debida prestación de los servicios han diseñado una Cartilla de carácter institucional, educativa y preventiva, que contempla de una manera sencilla y clara los aspectos más relevantes relacionados con la reglamentación de las actividades de intermediación en el mercado de valores y con la inversión de los excedentes de liquidez de las entidades estatales del orden nacional y territorial que se mencionan en el Decreto 1525 de 2008 y sus modificaciones. http://www.superfinanciera.gov.co/ComunicadosyPublicaciones/cartillamercados.pdf Informe de actualidad del sistema financiero colombiano En abril se publica el informe sobre la actualidad del sistema financiero colombiao, en el que se analizan entre otros temas: los resultados a abril del 2001 en lo relacionado co inversiones, activos, cartera, depósitos, rentabilidad y solvencia; el entono de los mercado de renta fija, accionario, cambiario y monetario, la regulación y los reportes recientes del sistema financiero. http://www.superfinanciera.gov.co/ComunicadosyPublicaciones/comsectorfinanciero042011.pdf Lineamientos estratégicos 2011-2014 En este documento se presenta una breve explicación acerca de cada uno de los seis objetivos estratégicos y las cinco acciones transversales antes, que buscan, en su conjunto, consolidar las labores de la SFC en el período comprendido entre el 2011 y 2014. http://www.superfinanciera.gov.co/NuestraSuperintendencia/lineamientosestrategicos2011-14.pdf  BOLSA DE VALORES Adenda al Acuerdo de Entendimiento de las entidades reguladoras de Chile, Colombia y Perú Junio 15, 2011 Documento firmado el 15 de junio de 2011, sobre las labores de vigilancia que ejercerán las entidades reguladoras de los países pertenecientes a MILA. http://www.mercadointegrado.com/media/uploads/document/new/adenda-al-memorandoentendimiento-reguladores-colombia-chile-y-peru-150611.pdf Modelo de negociación de acciones – Colombia - Mayo 27, 2011 Explicación del modelo de negociación de acciones y Reglas de Negociación del mercado accionario Colombiano. http://www.mercadointegrado.com/media/uploads/document/new/modelo-de-negociacionacciones-bvc.pdf 56 VADEMÉCUM Ven conmigo Cartilla sobre efectos fiscales MILA – KPMG 19 Mayo 2011 El Mercado Integrado Latinoamericano – MILA, permite a los inversionistas la realización de operaciones de contado sobre inversiones en acciones inscritas en la Bolsa de Valores de Colombia (BVC), Bolsa de Comercio de Santiago (BCS) y Bolsa de Valores de Lima (BVL), con intervención de los tres depósitos de valores DECEVAL, CAVALI y el Depósito Central de Valores (DCV), de Colombia, Perú y Chile respectivamente. http://www.mercadointegrado.com/media/uploads/document/new/cartilla-fiscal-mila.pdf  INTERNACIONAL G-20 Communiqué - Meeting of Finance Ministers and Central Bank Governors Reunión de Ministros de Finanzas y gobernadores de bancos centrales, Washington DC, abril 14 a 15 2011 http://www.g20.org/Documents2011/04/G20%20Washington%2014-15%20April%202011%20%20final%20communique.pdf Communiqué - High Level Panel on Infrastructure Investment, February 24, 2011 The Finance Ministers and Central Bank Governors of the G20 welcomed in their Communiqué of the 19th February the appointment of the members of the High Level Panel for Infrastructure Investment. The Panel, under the direction of Mr Tidjane Thiam, will bring together a number of high profile individuals, listed below, with a diverse range of talents and expertise in the areas of private investment and infrastructure development in developing countries. http://www.g20.org/Documents2011/02/COMMUNIQUE_HLP.pdf  BANCO DE PAGOS INTERNACIONALES Central bank governance and financial stability The recent financial crisis has raised important questions about the role of the central bank in financial stability policy and how the execution of such a function influences the central bank's governance. Central bank governance and financial stability, a report released today by the Central Bank Governance Group, explores these questions. http://www.bis.org/publ/othp14.pdf Principios para las infraestructuras del mercado financiero (CPSS-IOSCO consultative report of 10 March) Las infraestructuras de los mercados financieros (FMI) que permiten el registro, la compensación y la liquidación de operaciones monetarias y otras operaciones financieras pueden fortalecer los mercados a los que prestan servicios y desempeñar una función fundamental en el fomento de la estabilidad financiera; no obstante, si no se gestionan adecuadamente, pueden plantear riesgos importantes para el sistema financiero y ser una posible fuente de contagio, especialmente en periodos de tensión en el mercado. http://www.bis.org/publ/cpss94_es.pdf 57 VADEMÉCUM Ven conmigo  SECURITIES AND EXCHANGE COMISSION (SEC) Study and Recommendations on Improved Investor Access to Registration Information About Investment Advisers and Broker-Dealers This study responds to Section 919B of the Dodd-Frank Act, which mandates that the Commission study ways to improve the access of investors to registration information about investment advisers and broker-dealers, including analyzing the advantages and disadvantages of further centralizing access to registration information contained in CRD and IARD. http://www.sec.gov/news/studies/2011/919bstudy.pdf  WORLD BANK Global Economic Prospects—June 2011 Washington, June 7, 2011—As they put the financial crisis behind them, developing countries need to focus on tackling country-specific challenges such as achieving balanced growth through structural reforms, coping with inflationary pressures, and dealing with high commodity prices, the World Bank says in its June 2011 edition of Global Economic Prospects. http://web.worldbank.org/WBSITE/EXTERNAL/EXTDEC/EXTDECPROSPECTS/GEPEXT/0,,conten tMDK:22804791~pagePK:51087946~piPK:51087916~theSitePK:538110,00.html  FONDO MONETARIO INTERNACIONAL Perspectivas de la economía mundial - abril de 2011 Los análisis y las proyecciones que se presentan en Perspectivas de la economía mundial forman parte integral de la supervisión que ejerce el FMI con respecto a la evolución y las políticas económicas de los países miembros, los acontecimientos en los mercados financieros internacionales y el sistema económico mundial. El análisis de las perspectivas y políticas es producto de un minucioso examen de la evolución económica mundial que llevan a cabo varios departamentos del FMI, tomando principalmente como base la información que recogen los funcionarios de la institución en sus consultas con los países miembros. http://www.imf.org/external/spanish/pubs/ft/weo/2011/01/pdf/texts.pdf Desaceleración suave de la expansión mundial y riesgos crecientes - 17 de junio de 2011 La actividad se está desacelerando temporalmente y los riesgos a la baja han vuelto a agudizarse. La expansión mundial continúa desequilibrada. En muchas economías avanzadas, el crecimiento aún es débil, teniendo en cuenta la profundidad de la recesión. Además, la suave desaceleración observada en el segundo trimestre de 2011 no es tranquilizadora. http://www.imf.org/external/spanish/pubs/ft/weo/2011/update/02/pdf/0611s.pdf Informe sobre la estabilidad financiera mundial – junio 2011-06-28 Desde la publicación de la edición de abril de 2011 del informe sobre la estabilidad financiera mundial (Global Financial Stability Report, o GFSR), los riesgos financieros se han agudizado por tres razones. Primero, si bien el escenario de base continúa siendo una recuperación mundial a 58 VADEMÉCUM Ven conmigo múltiples velocidades, los riesgos a la baja en torno a este escenario han aumentado. Segundo, la inquietud con respecto a la sostenibilidad de la deuda y al respaldo con que cuentan los programas de ajuste en la periferia de Europa está generando presiones en los mercados y preocupaciones por las posibilidades de contagio. Los riesgos políticos también están abriendo interrogantes sobre el ajuste fiscal a mediano plazo en algunos países avanzados, sobre todo, Estados Unidos y Japón. Tercero, aunque últimamente el apetito de riesgo se ha atenuado en cierta medida, el prolongado período de tasas de interés bajas puede empujar a los inversionistas hacia activos más riesgosos, en búsqueda de mayor rentabilidad. http://www.imf.org/external/spanish/pubs/ft/fmu/2011/02/0611s.pdf Sustentar la transformación de América Latina – marzo de 2011 Gracias a los esfuerzos recientes, América Latina hoy tiene una oportunidad para realzar su perfil en el mercado mundial. http://www.imf.org/external/pubs/ft/fandd/spa/2011/03/pdf/Eyzaguirre.pdf Inversión y crecimiento – marzo de 2011 Las autoridades de los países en desarrollo suelen señalar la infraestrutura insuficiente —carreteras, aeropuertos y puertos— como un factor limitante de las perspectivas de crecimiento nacional. Por eso, no sorprende que busquen formas de crear margen en sus presupuestos para aumentar la inversión pública en infraestructura, sin cargar a su país con una deuda insostenible. http://www.imf.org/external/pubs/ft/fandd/spa/2011/03/pdf/Arslanalp.pdf  FINANCIAL STABILITY BOARD Progress in the Implementation of the G20 Recommendations for Strengthening Financial Stability – February 2011 This note provides an overview of work underway to implement the G20 recommendations for strengthening financial stability. It focuses on international policy development and implementation that has taken place since the G20 Seoul Summit in November 2010. http://www.financialstabilityboard.org/publications/r_110219.pdf Thematic Review on Mortgage Underwriting and Origination Practices – March 2011 The peer review on mortgage underwriting and origination practices is the third thematic review under the Financial Stability Board (FSB) Framework for Strengthening Adherence to International Standards. http://www.financialstabilityboard.org/publications/r_110318a.pdf Promoting global adherence to regulatory and supervisory standards on international cooperation and information exchange – April 2011 The Financial Stability Board in March 2010 commenced an initiative to encourage the adherence of all countries and jurisdictions to regulatory and supervisory standards on international cooperation and information exchange, including by identifying non-cooperative jurisdictions and assisting them to improve their adherence. This initiative is making good progress. All but a few of the jurisdictions contacted by the FSB either already demonstrate sufficiently strong adherence to the relevant standards or are implementing reforms to strengthen their adherence. http://www.financialstabilityboard.org/publications/r_110429.pdf 59 VADEMÉCUM Ven conmigo Progress in the Implementation of the G20 Recommendations for Strengthening Financial Stability – April 2011 This note provides an overview of work underway to implement the G20 recommendations for strengthening financial stability. It focuses on international policy development and implementation that has taken place since the G20 Finance Ministers and Governors meeting in February 2011. http://www.financialstabilityboard.org/publications/r_110415a.pdf OTC Derivatives Market Reforms – April 2011 Implementation progress to date varies substantially across jurisdictions. In the largest, most developed markets, major implementation projects are underway. In the United States, legislation has been enacted and implementing regulation is proceeding according to firm timetables with respect to clearing, trading, and reporting to trade repositories (TRs); and in Japan, legislation has been enacted and implementing regulation is proceeding according to established timetables with respect to clearing and reporting to TRs. In the European Union, legislation has been proposed and is expected to be adopted by end-2011 with respect to clearing and reporting to TRs, and is in the pre-proposal consultation stage regarding trading; while in Hong Kong the legal framework for a regulatory regime to govern an as-yet-to-beestablished CCP and TR is understood to be proposed during 2011. http://www.financialstabilityboard.org/publications/r_110415b.pdf  INTERNATIONAL VALUATION STANDARDS COUNCIL Strategy and Operational Plan 2011/2012 and 2012/13 The IVSC Board of Trustees has agreed a strategy for the IVSC for the period 2011/12 and 2012/2013 and also determined an operational plan for that period to implement the strategy. The two IVSC technical boards – the International Valuation Professional Board and the International Valuation Standards Board – have developed a detailed technical work programme, attached at Appendix A that forms part of the operational plan. http://www.ivsc.org/pubs/misc/strategy_operational_plan.pdf Annual Report 2009/2010 http://www.ivsc.org/pubs/misc/annual_report_0910.pdf Proposed Code of Ethical Principles for Professional Valuers The International Valuation Standards Council (IVSC) is an independent, not-for-profit, private sector organisation that has a remit to serve the public interest. The IVSC’s objective is to build confidence and public trust in the valuation process by creating a framework for the delivery of credible valuation opinions by suitably trained valuation professionals acting in an ethical manner. http://www.ivsc.org/pubs/exp_drafts/1105_coe_rev.pdf Technical Information Paper 1 The Discounted Cash Flow (DCF) Method – Real Property and Business Valuations The depreciated replacement cost (DRC) method is the most common valuation method under the cost approach. It can be applied to a wide range of asset types. It is frequently used when there is either very limited or no evidence of sales transactions. It may be used to estimate a variety of different bases of value. 60 VADEMÉCUM Ven conmigo http://www.ivsc.org/pubs/exp_drafts/1101_dcf_method.pdf Proposed Technical Information Paper 2 Depreciated Replacement Cost The depreciated replacement cost (DRC) method is the most common valuation method under the cost approach. It can be applied to a wide range of asset types. It is frequently used when there is either very limited or no evidence of sales transactions. It may be used to estimate a variety of different bases of value. http://www.ivsc.org/pubs/exp_drafts/1102_drc.pdf  WORD ECONOMIC FORUM Global Risks 2011 Sixth Edition The financial crisis has drained the world’s capacity for dealing with shocks. The frequency and severity of risks to global stability have amplified, while the ability of global governance systems to deal with them has not. http://riskreport.weforum.org/global-risks-2011.pdf The Future of Government Governments around the world are faced with new demands, new expectations and a fast-growing array of new technologies and tools. A current example is the Middle East, where a youth revolution built on the global technology revolution is demanding immediate reform. The challenges faced by governments increasingly span national borders and require resources and expertise to be mobilized on a scale that far exceeds those of governments. http://www3.weforum.org/docs/EU11/WEF_EU11_FutureofGovernment_Report.pdf  61 VADEMÉCUM Ven conmigo DOCUMENTOS INTERNACIONALES Fiscal Monitor. Shifting Gears Tackling Challenges on the Road to Fiscal Adjustment April 2011 The Fiscal Monitor was launched to survey and analyze the latest public finance evelopments, update fiscal implications of the crisis and medium-term fiscal projections, and assess policies to put public finances on a sustainable footing. It is prepared twice a year by the IMF’s Fiscal Affairs Department. http://www.imf.org/external/pubs/ft/fm/2011/01/pdf/fm1101.pdf  Country Heterogeneity and the International Evidence on the Effects of Fiscal Policy May 20, 2011 The aim of this paper is to show how the richer frequency and variety of fiscal policy shocks available in an international sample can be analyzed recognizing the heterogeneity that exists across different countries. The main conclusion of our empirical analysis is that the question “what is the fiscal policy multiplier” is an ill-posed one. There is no unconditional fiscal policy multiplier. The effect of fiscal policy on output is different depending on the different debt dynamics, the different degree of openness and the different fiscal reaction functions in different countries. There are many fiscal multipliers and an average fiscal multiplier is of very little use to describe the effect of exogenous shifts in fiscal policy on output. http://www.imf.org/external/np/seminars/eng/2010/eui/pdf/FGP.pdf  How Big (Small?) are Fiscal Multipliers? We contribute to the intense debate on the real effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key country characteristics, such as the level of development, exchange rate regime, openness to trade, and public indebtedness. Based on a novel quarterly dataset of government expenditure in 44 countries, we find that (i) the output effect of an increase in government consumption is larger in industrial than in developing countries, (ii) the fiscal multiplier is relatively large in economies operating under predetermined exchange rate but zero in economies operating under flexible exchange rates; (iii) fiscal multipliers in open economies are lower than in closed economies and (iv) fiscal multipliers in high-debt countries are also zero. http://www.imf.org/external/np/seminars/eng/2010/eui/pdf/IM.pdf  Unconventional Fiscal Policy at the Zero Bound When the zero lower bound on nominal interest rates binds, monetary policy cannot provide appropriate stimulus. We show that in the standard New Keynesian model, tax policy can deliver 62 VADEMÉCUM Ven conmigo such stimulus at no cost and in a time-consistent manner. There is no need to use inefficient policies such as wasteful public spending or future commitments to inflate. We conclude that in the New Keynesian model, the zero bound on nominal interest rates is not a relevant constraint on both fiscal and monetary policy. http://www.imf.org/external/np/seminars/eng/2010/eui/pdf/CFNT.pdf  Financial Cycles and Fiscal Cycles_ June 2011 There is a huge literature on the behaviour of fiscal variables in relation to the output cycle. In this paper, we show that fiscal variables also co-vary with the financial cycle, as captured by fluctuations in the current account balance and credit growth. These financial factors affect fiscal outcomes, over and above their influence on the output cycle. We argue that fiscal surveillance and the design of fiscal rules should pay close attention to the interaction between the financial cycle and the fiscal cycle. http://www.imf.org/external/np/seminars/eng/2010/eui/pdf/abpl.pdf  130 Years of Fiscal Deficits and Currency Crashes in Advanced Economies May 2011 This paper investigates the empirical link between fiscal policy and currency crashes in advanced economies over the last 130 years, building on a new dataset of real effective exchange rates and fiscal balances for 21 countries since 1880. While there is weak evidence that crashes depend on the magnitude of fiscal deficits per se, the effect of fiscal deficits on currency crashes is substantial if deficits are associated with banking crises or if public debt is largely foreign owned. We also uncover significant nonlinear effects at high levels of public debt and fiscal deficits as well as negative risk premia for major reserve currencies, which enjoy a lower probability of currency crashes than other currencies ceteris paribus. Our estimates yet indicate that such premia are small in size, suggesting that a currency’s international status is not sufficient to shelter it from crashing once a banking crisis occurs or if public debt structure is heavily tilted towards foreign ownership. http://www.imf.org/external/np/seminars/eng/2010/eui/pdf/FMV.pdf  Fiscal Policy and the Current Account May 2011 This paper examines the relationship between fiscal policy and the current account, drawing on a larger sample of advanced and emerging economies than in previous studies and using a variety of statistical methods: panel regressions, an analysis of large fiscal and external adjustments, and vector auto-regressions. On average, a strengthening in the fiscal balance by 1 percentage point of GDP is associated with a current account improvement of 0.3-0.4 percentage point of GDP. This association appears stronger in emerging and low-income countries, when the exchange rate is flexible, when the economies are more open, when output is above potential or initial debt levels are above 90 percent of GDP, and when using methods robust to endogeneity issues. 63 VADEMÉCUM Ven conmigo http://www.imf.org/external/np/seminars/eng/2010/eui/pdf/ABH.pdf  Fiscal Forum: Roundtable Discussion on Fiscal Policy Agenda http://www.imf.org/external/spring/2011/mmedia/view.aspx?vid=904659326001  Tax Policy: Designing and Drafting a Domestic Law to Implement a Tax Treaty March 2011 The purpose of this article is to provide introductory guidance to the tax policy department in a developing country that is expanding or is about to expand its tax treaty network on how to design and draft a domestic law to implement a tax treaty and related issues. While each treaty is different, for simplicity, my explanation cites articles of the OECD Model Tax Convention (OECD MTC). http://www.imf.org/external/pubs/ft/tnm/2011/tnm1101.pdf  Accountancy Age - Reino Unido – Noticias Hodge takes over from Sproul as Deloitte tax head Questions raised over new Irish tax disclosure regime Dealing with tax fraud investigations The Practitioner- time for tax returns Tax advisor registration- power struggle-  Accountants World - Estados Unidos de América – Noticia Background Checks, Definition of Tax Preparers Worrying Practitioners New Rules Smooth Way For Tax Informants Practitioners Report Tax Season Price Increases  AE Accounting Education - Reino Unido - Noticias IASB ISSUES AMENDMENTS TO IAS 12 INCOME TAXES TAX REVENUES FALL IN OECD COUNTRIES ACCORDING TO HOT OF THE PRESS NEW OECD STATISTICS MATERIAL WEAKNESS AND RESTATEMENTS: IS TAX STILL IN THE HOT SEAT?  64 VADEMÉCUM Ven conmigo American Institute of Certified Public Accountants (AICPA) - Estados Unidos de América Noticias y artículos 2010 Tax Relief Act Resources 2011 Tax Resources AICPA Launches Multiyear Campaign Promoting CPAs as the Premier Providers of Tax Services AICPA Launches New Public Service Tax Website To Help Taxpayers Make Sense Of Tax Laws And Rules AICPA to Testify at Jan. 7 IRS Hearing on Mandatory E-Filing by Tax Return Preparers AICPA Urges IRS to Provide More Flexibility for Mandatory E-Filing of Returns by Tax Preparers Congress Resolves Many Tax Issues During Lame-Duck Session Establish a College-Based Volunteer Income Tax Assistance Program IRS Releases 2011 Tax Tables and Other Inflation Adjustments 2011 Tax Filing Season Gets Under Way With Many Changes Treasury Introduces Prepaid Debit Cards for Tax Refunds IRS Oversight Board Releases Latest Taxpayer Attitude Survey Results AICPA Tax Tips in the Wall Street Journal Tax Practice Responsibilities AICPA Resources on The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act AICPA Tax Vice President Tells IRS to "Slow Down and Get It Right" Bill Introduced to Address Tax Strategy Patents Ponzi-Scheme Losses- Indirect Investor and State Tax Issues EGTRRA and JGTRRA Tax Rates Extended for Two Years in Lame Duck Session False Tax Returns, Mail Fraud, and Money Laundering Tax Law Changes Delay Start of Filing Season for Some Taxpayers Final Form and More Guidance on Small Business Health Care Tax Credit Coalition Urges Senate Judiciary Committee to Keep Tax Strategy Patent Provision in Patent Reform Act of 2011 AICPA Applauds Senators Baucus, Grassley for Introduction of Legislation Putting a Stop to Tax Strategy Patents 2011 Tax Resources Foreign Disregarded Entities May Face U.S. FICA Tax Issue Vermont Society of CPAs Lauds Sen. Leahy's Leadership on Bill to Stop Tax Strategy Patents AICPA Supports Bill that Would Set National Standard for Nonresident Income Tax Withholding IRS Releases 2010 Gift Tax Return Senate Passes Bill Addressing Tax Strategy Patents  Association of International Accountants - Internacional - Noticias UK Tax Treaty News Small Firms Find Tax Complexities 'insufferable' Property And Area Based Tax Relief Restricts Judge Warns Former Tax Inspector Pursued By ACC That He May Face Jail Severe Weather And Tax Increases Tarnishing UK Small Firm's Potential Half A Million Taxpayers Face Tax Underpayment Bills Deadline Looms For Tax Returns 65 VADEMÉCUM Ven conmigo Important Changes To Corporation Tax (CT) Coming In This April Paying Tax At The 50 Percent Rate In 2010-11 Ireland - Coalition Aims To Block EU Tax Reforms Philippines Unveils New Tax Audit Lab Big Four Criticised Over Tax Haven Offices Offshore Tax Dodgers Run Out Of Time Accountants Body Calls For Goods And Services Tax Record Response To Tax Move EC Proposes Common Corporate Tax Base UK Families Worst Off For Tax Britons In The Dark About Tax Allowances Merging Income Tax And National Insurance 'Will Benefit Small Firms' April Changes For Corporation Tax Britons 'Confused' About Tax Relief Tax Proposal Threatens Administrative Nightmare For Volunteer-heavy Charities China’s State Council To Discuss Raising Income Tax Threshold  Autorité des normes comptables (ANC) - Francia - Noticias 11 janvier 2011 Information de l'ANC sur l'avancement des travaux du groupe " Impôts, taxes et versements assimilés " pour l’établissement des comptes individuels et consolidés selon les règles françaises  BDO Internacional - Internacional - Noticias Illinois Governor Signs Historic Tax Increase and Other Tax Changes Proposed Georgia Tax Reform  Canadian Institute of Chartered Accountants (CICA) - Canadá - Noticias Ernst & Young's Guide to Preparing 2010 Personal Tax Returns  Chartered Accountants Ireland - Irlanda - Noticias Revenue Commissioner Michael O’Grady addresses Chartered Tax Consultant Professional Qualification Programme Tax Revenues Fall in OECD Countries EU Commission Announces Plans for Removing Cross-Border Tax Obstacles Singapore Double Taxation Agreement Important Changes to Corporation Tax (CT) coming in this April Reminder - Tax on Capital Gains due 31 January 2011 66 VADEMÉCUM Ven conmigo Value Added Tax Regulations Taxes (Publication of Names of Tax Defaulters) Order 2010 Commission Requests Ireland to Amend Restrictive Exit Tax Provisions for Companies Statutory Instrument- SI 3025 and Explanatory Memorandum published- The Tax Treatment of Financing Costs and Income (Correction of Mismatches) Regulations 2010 Property and Area Based Tax Relief Restricts Difficult Property Tax Relief decisions put on hold in a “work in progress” style Finance Bill 2011 – Chartered Accountants Ireland Agreement on Implementing Measures for EU system of Value Added Tax ECJ Finds Greek Tax Relief for the Purchase of a First Residential Property to be in Breach of the Right to Freedom of Movement Corporation Tax on Chargeable Gains - Indexation Allowance for November 2010 Outstanding Unique Taxpayer Reference for partners and partnerships Income Tax (Relevant Contracts) (Amendment) Regulations 2010 - S.I. No. 674 of 2010 Relevant Contracts Tax (RCT) in Liquidation, Receivership or Examinership Relevant Contracts Tax (RCT) Tax credits and bands Capital Acquisitions Tax Expenditure on Specified Intangible Assets Excluded from R&D Tax Credit Tax Relief on Interest for Companies Use of Relevant Trade Charges in Double Tax Credit Private Health Insurance - Age-Related Tax Relief ECJ Finds Greek Tax Relief for the Purchase of a First Residential Property to be in Breach of the Right to Freedom of Movement UK Tax Treaty News Commission Requires Spain to Abolish Tax Scheme Favouring Acquisitions in Non EU Countries tax.point January Issue 31 January Deadline for Capital Gains Tax (CGT) – Final Period 2010 Common Consolidated Corporate Tax Base Proposals (CCCTB) will be unacceptable both to countries and companies Debate on European Corporation Tax goes right to the heart of the European Project  Chartered Institute of Public Finance and Accountancy (CIPFA) - Reino Unido - Noticias English councils to freeze council tax  Deloitte Touche Tohmatsu (DTT) - Internacional – Noticias Deloitte wins Americas Tax Awards Guide to the world's leading tax advisers recognizes Deloitte experts Ferrets pose taxing question for Tribunal  67 VADEMÉCUM Ven conmigo Ernst & Young - Internacional – Noticias Tax policy under the microscope as authorities increase enforcement efforts  Grant Thornton Internacional - Internacional - Noticias y publicaciones Online self assessment tax returns deadline fast approaching States to reevaluate gross receipts taxes and potentially broaden sales tax base to include array of services according to Grant Thornton LLP’s State and Local Tax legislative outlook, trends and predictions for 2011 Grant Thornton LLP National CFO Survey- Majority see state corporate income taxes increasing along with state tax audits Grant Thornton LLP designated a Thomson Reuters Certified Implementer of the ONESOURCE indirect tax solution  Hong Kong Institute of Certified Public Accountants - Hong Kong - Noticias Hong Kong Institute of CPAs' budget proposal asks government to use taxes to support the community and raise international competitiveness  Institute of Certified Public Accountants in Ireland (CPA) - Irlanda - Noticias CPA welcomes decision not to bring forward tax deadline for self employed  Institute of Cost & Management Accountants of Pakistan - Pakistán - Noticias Income Tax Proposals for Development of Insurance Industry  Institute of Cost and Work Accountants of India - India - Noticias AMENDMENTS VIDE FINANCE ACT, 2010 ON “DIRECT TAX” Read More...  International Association of Book-keepers - Internacional - Noticias Corporate tax alert Tax Freedom Day Reducing tax hurdles Beware future tax bills 68 VADEMÉCUM Ven conmigo  International Bureau of Fiscal Documentation (IBFD) - Internacional - Noticias Tax Lecture Series - Has Fiscal Federalism Worked in China9th Annual Meeting for Students of International and Comparative Tax Law  KPMG Internacional - Internacional - Noticias Executives Anxious About IRS Reporting Requirements For Uncertain Tax Positions Schedule, KPMG Survey Reveals Top Personal Income Tax Rates Rising Worldwide- KPMG Report Hedge funds missing a trick by not looking closely at available R&D tax credits Changes to French tax rules set to hit Britons with homes in France, says KPMG Majority of Banking Executives See Difficulty Addressing Tax Implications of Dodd-Frank Act and Basel III- KPMG Survey Tax Executives Say Heightened Call For Transparency Is Chief Challenge Facing MultinationalsKPMG Survey Top Personal Income Tax Rates Rising Worldwide- KPMG Report Global Indirect Tax Rates Rose In 2010 With More Increases On The Horizon- KPMG Report  National Institute of Accountants - Australia - Noticias Tax help for people affected by the flooding  Organization for Economic Co-operation and Development (OECD) - Internacional - Noticias TAX- Laws in some countries do not meet global standards Tackling aggressive tax planning through improved transparency and disclosure TAX- Countries continue to move towards better tax transparency TAX- Updated multilateral tax convention now open to all countries  PricewaterhouseCoopers - Internacional - Noticias Flash News- Tax credit for investment ("bonification d'impôt pour investissement") PwC announces top ten questions for audit committees credit quality disclosures, loss contingencies, whistleblower bounty program and tax reform top list China- Tightening individual income tax collection and administration on income from transfer of restricted stocks of listed companies IFRS / HKFRS News: IASB issues exposure draft on hedge accounting and IASB/HKICPA amends deferred tax accounting for investment property at fair value 69 VADEMÉCUM Ven conmigo Hong Kong Tax News- Hong Kong signed comprehensive double tax agreement with New Zealand China Tax News- Tightening individual income tax collection and administration on income from transfer of restricted stocks of listed companies Flash News- Luxembourg tax authorities issue guidance on transfer pricing Withholding tax refunds for Luxembourg funds - recent developments in Finland, Hungary and Norway President Obama calls for corporate and individual tax reform US tax implications for sovereign wealth funds of financial derivative investments Tax policy in a deficit-driven world- 2011 tax legislative outlook China Tax News- A starting point of China individual income tax reform Asia Pacific private equity tax Salt trends, a PwC state and local tax publication Hong Kong signed comprehensive double tax agreement with Switzerland Webcast (24 Feb) - China tax update- 12th Five-Year Plan Podcast- Expatriate tax regime International assignments- Regional tax round-up Archived webcast- China tax - Are you ready for the new era of tax compliance-  Smartpros - Estados Unidos de América - Noticias AICPA Urges IRS to Provide More Flexibility for Mandatory E-Filing of Returns by Tax Preparers  South African Institute of Chartered Accountants (SAICA) - Sudáfrica - Noticias SAICA welcomes proposal to extend learnership tax allowance SA skills drive threatened by looming end to learnership tax break  The CPA Journal - Estados Unidos de América - Artículos The Anatomy of an Excise Tax- Indoor Tanning Services Website of the Month- Tax.com 2010 Storm Losses May Provide an Enhanced Tax Benefit  Paying Taxes 2011. The global picture Estudio de PriceWaterhouseCoopers, con la colaboración de la International Finance Corporation (del grupo Banco Mundial) que analiza los impuestos sobre las empresas en 183 economías del mundo. http://www.iberglobal.com/frame.htm?http://www.iberglobal.com/Archivos/paying-taxes-2011.pdf 70 VADEMÉCUM Ven conmigo  DOCUMENTOS NACIONALES DECRETOS Decreto 1599-2011. 17/05/2011 Por el cual se establece el procedimiento para la devolución del Impuesto sobre las Ventas en el marco del Campeonato Mundial Masculino de Fútbol Sub-20 y se dictan otras disposiciones http://www.dian.gov.co/dian/13Normatividad.nsf/e9f4a60f9d1ed93a05256f8800650b07/ed5a9dbbb8 df98d2052578940075e156?OpenDocument Decreto 1505-2011. 09/05/2011 Por el cual se establece la tarifa de retención en la fuente sobre ingresos por concepto de exportación de hidrocarburos y demás productos mineros http://www.dian.gov.co/dian/13Normatividad.nsf/e9f4a60f9d1ed93a05256f8800650b07/590f66a0b07 0adf40525788f006a68d0?OpenDocument Decreto 0858-2011. 23/03/2011 Por el cual se establecen los porcentajes de componente inflacionario no constitutivo de renta, ganancia ocasional, costo o gasto y el rendimiento mínimo anual de préstamos entre las sociedades y los socios http://www.dian.gov.co/dian/13Normatividad.nsf/e9f4a60f9d1ed93a05256f8800650b07/57438ef3bed 9ea320525785d0065eae2?OpenDocument Decreto 660-2011. 10/03/2011 Que la Ley 1430 de 2010 dictó normas tributarias de control y para la competitividad, e introdujo modificaciones y adiciones a los artículos 871, 872 y 879 del Estatuto Tributario entre otros, referidas al hecho generador, exenciones del Gravamen a los Movimientos Financieros. http://www.dian.gov.co/dian/13Normatividad.nsf/e9f4a60f9d1ed93a05256f8800650b07/980d8528498 36ad605257857005c909f?OpenDocument Decreto 493-2011. 23/02/2011 Por el cual se reglamentan parcialmente los artículos 437-1 y 437-2 del Estatuto Tributario. http://www.dian.gov.co/dian/13Normatividad.nsf/e9f4a60f9d1ed93a05256f8800650b07/8796d5b115 a1b57f05257848004e480b?OpenDocument  RESOLUCIONES Resolucion 01043-2011. 04/02/2011 Por la cual se prescribe el formulario oficial para el cumplimiento de la obligación de declarar y pagar el Impuesto al Patrimonio correspondiente al año gravable 2011 http://www.dian.gov.co/dian/13Normatividad.nsf/fa3eae82f6154e4a05256f88006679fd/bc3fd3eebac0 b2e305257834004a8dfe?OpenDocument 71 VADEMÉCUM Ven conmigo Resolucion 00322 -2011. 17/01/2011 Por la cual se modifica el Formulario Modelo No. 220 “Certificado de Ingresos y Retenciones - Año Gravable 2010” adoptado en el artículo 9 de la Resolución 014096 de 30 de diciembre de 2010 y se prescribe el formulario Modelo Nº 350 “Declaración Mensual de Retenciones en la Fuente” para el cumplimiento de obligaciones tributarias, correspondiente al año 2011 y se fija el precio de venta al público http://www.dian.gov.co/dian/13Normatividad.nsf/fa3eae82f6154e4a05256f88006679fd/cbe42efb9cd6 03e60525782d007d00d7?OpenDocument  CONCEPTOS Circular 013-2011. 15/03/2011 INCOTERMS 2010. Cámara de Comercio Internacional http://www.dian.gov.co/dian/13Normatividad.nsf/e3b84a217218286005256f88005c3997/1a55f5accfa1 7527052578550054b371?OpenDocument Circular 00008-2011. 08/02/2011 Con base en la información suministrada por la Superintendencia Financiera se adoptan las tasas de cambio representativas del mercado de 2010. http://www.dian.gov.co/dian/13Normatividad.nsf/e3b84a217218286005256f88005c3997/61c9d154cf6 05178052578490047d401?OpenDocument Retención en la fuente a título de los impuestos nacionales vigentes en Colombia (renta, IVA, timbre) aplicable durante el año fiscal 2011 En esta herramienta quedan resumidos los principales conceptos que quedarán sujetos a retenciones en la fuente durante el 2011 indicándose sus bases mínimas (tanto en pesos como en UVT) al igual que sus respectivas tarifas http://www.actualicese.com/modelos-y-formatos/2011-retencion-en-la-fuente-a-titulo-de-losimpuestos-nacionales-vigentes-en-colombia-renta-iva-timbre-aplicable-durante-el-ano-fiscal-2011/ III ENCUENTRO REGIONAL LATINOAMERICANO DE TRIBUTACIÓN INTERNACIONAL IFA 2011. El caso de Uruguay dentro de un contexto de combate al planeamiento tributario nocivo internacional. Hemos entendido pertinente comenzar el presente documento con un capítulo Introductorio, donde nos permitimos formular someras reflexiones de cómo la Globalización ha impactado en los Sistemas tributarios forzando a los Gobiernos a través de la adecuación de sus ordenamientos tributarios y la celebración de acuerdos que prevean el intercambio de información en materia fiscal procurando de este modo defender sus bases impositivas de la competencia fiscal nociva. http://www.ifacolombia.co/ifacolombia/encuentro/memorias/1/PONENCIA_URUGUAY1.pdf  72 VADEMÉCUM Ven conmigo ADVERTENCIA: Muchas de las direcciones electrónicas incrustradas en o asociadas con los títulos de esta sección SOLO harán conexiones exitosas si el respectivo computador es reconocido por los sistemas de seguridad que gestionan al acceso a las publicaciones. En varios casos la referencia muestra únicamente una reseña o un artículo corto. Departamento Administrativo de Ciencia, Tecnología e Innovación “Por la cual se establece el procedimiento para la calificación del carácter de los proyectos como de investigación científica, tecnológica o de innovación y se dictan normas complementarias” http://www.colciencias.gov.co/sites/default/files/upload/reglamentacion/Res_18552010_%20estimulos.pdf. PUBLICACIONES EN REVISTAS ELECTRONICAS ACCOUNTING AND BUSINESS RESEARCH The effect of takeovers on the fundamental value of acquirers.Full Text Available By: Guest, Paul M.; Bud, Magnus; Runsten, Mikael. Accounting & Business Research, 2010, Vol. 40 Issue 4, p333-352, 20p Performance measures and short-termism: an exploratory study.Full Text Available By: Marginson, David; McAulay, Laurie; Roush, Melvin; van Zijl, Tony. Accounting & Business Research, 2010, Vol. 40 Issue 4, p353-370, 18p Bias in the tone of forward-looking narratives.Full Text Available By: Schleicher, Thomas; Walker, Martin. Accounting & Business Research, 2010, Vol. 40 Issue 4, p371-390, 20p The operating-financing distinction in financial reporting.Full Text Available By: Barker, Richard. Accounting & Business Research, 2010, Vol. 40 Issue 4, p391-403, 13p The effect of board-manager agency conflicts on non-profit organisations' earnings and cost allocation manipulations.Full Text Available By: Jegers, Marc. Accounting & Business Research, 2010, Vol. 40 Issue 5, p407-419, 13p Financial performance explanations and institutional setting.Full Text Available By: Aerts, Walter; Tarca, Ann. Accounting & Business Research, 2010, Vol. 40 Issue 5, p421-450, 30p Enhancing the role of accountability in promoting the rights of beneficiaries of development NGOs.Full Text Available By: O'Dwyer, Brendan; Unerman, Jeffrey. Accounting & Business Research, 2010, Vol. 40 Issue 5, p451-471, 21p Making concessions: political, commercial and regulatory tensions in accounting for European roads PPPs.Full Text Available By: Stafford, Anne; Acerete, Basilio; Stapleton, Pam. Accounting & Business Research, 2010, Vol. 40 Issue 5, p473-493, 21p 73 VADEMÉCUM Ven conmigo  ACCOUNTING & FINANCE Disclosure, conservatism and the cost of equity capital: A review of the foundation literature.Detail Only Available By: Artiach, Tracy C.; Clarkson, Peter M.. Accounting & Finance, Mar2011, Vol. 51 Issue 1, p2-49, 48p; Market microstructure: A review from down under.Detail Only Available By: Berkman, Henk; Comerton-Forde, Carole. Accounting & Finance, Mar2011, Vol. 51 Issue 1, p50-78 The efficient markets hypothesis: The demise of the demon of chance?Detail Only Available By: Brown, Stephen J.. Accounting & Finance, Mar2011, Vol. 51 Issue 1, p79-95, 17p Corporate governance, accounting and finance: A review.Detail Only Available By: Brown, Philip; Beekes, Wendy; Verhoeven, Peter. Accounting & Finance, Mar2011, Vol. 51 Issue 1, p96-172, 77p A review of Australian management accounting research: 1980-2009.Detail Only Available By: Chenhall, Robert H.; Smith, David. Accounting & Finance, Mar2011, Vol. 51 Issue 1, p173-206, 39p Event studies: A methodology review.Detail Only Available By: Corrado, Charles J.. Accounting & Finance, Mar2011, Vol. 51 Issue 1, p207-234, 28p Accounting information systems research over the past decade: Past and future trends.Detail Only Available By: Ferguson, Colin; Seow, Poh-Sun. Accounting & Finance, Mar2011, Vol. 51 Issue 1, p235-251, 63p Corporate political strategies.Detail Only Available By: Mathur, Ike; Singh, Manohar. Accounting & Finance, Mar2011, Vol. 51 Issue 1, p252-277, 26p Fifty-year overview of judgment and decision-making research in accounting.Detail Only Available By: Trotman, Ken T.; Tan, Hwee C.; Ang, Nicole. Accounting & Finance, Mar2011, Vol. 51 Issue 1, p278-360, 83p Does CEO duality constrain board independence? Some evidence from audit pricing.Detail Only Available By: Bliss, Mark A.. Accounting & Finance, Jun2011, Vol. 51 Issue 2, p361-380, 20p. Corporate payout policy in Australia and a test of the life-cycle theory.Detail Only Available By: Coulton, Jeffrey J.; Ruddock, Caitlin. Accounting & Finance, Jun2011, Vol. 51 Issue 2, p381-407, 27p Corporate disclosure reactions to Australia's first national emission reporting scheme.Detail Only Available By: Cowan, Stacey; Deegan, Craig. Accounting & Finance, Jun2011, Vol. 51 Issue 2, p409436, 28p Public regulatory reform and management earnings forecasts in a low private litigation environment.Detail Only Available By: Dunstan, Keitha; Gallery, Gerry; Thu Phuong Truong. Accounting & Finance, Jun2011, Vol. 51 Issue 2 74 VADEMÉCUM Ven conmigo Earnings quality and firm valuation: international evidence.Detail Only Available By: Gaio, Cristina; Raposo, Clara. Accounting & Finance, Jun2011, Vol. 51 Issue 2, p467-499, 33p Market timing under multiple economic regimes.Detail Only Available By: Guido, Ron; Pearl, Joshua; Walsh, Kathleen. Accounting & Finance, Jun2011, Vol. 51 Issue 2 Value or Glamour? An empirical investigation of the effect of celebrity CEOs on financial reporting practices and firm performance.Detail Only Available By: Koh, Kevin. Accounting & Finance, Jun2011, Vol. 51 Issue 2, p517-547, 31p Excess cash holdings and shareholder value.Detail Only Available By: Lee, Edward; Powell, Ronan. Accounting & Finance, Jun2011, Vol. 51 Issue 2, p549-574, 25p The effect of SFAS 131 on the stock market's ability to predict industry-wide and firm-specific components of future earnings.Detail Only Available By: Jong Chool Park. Accounting & Finance, Jun2011, Vol. 51 Issue 2, p575-607, 33p.  ACCOUNTING EDUCATION Further Evidence of Critical Thinking and Final Examination Performance in Advanced Financial Accounting.Detail Only Available By: Abeysekera, Indra. Accounting Education, Feb2011, Vol. 20 Issue 1, p1-1, 1p Alignment in Accounting Education and Training.Detail Only Available By: Wilson, Richard M. S.. Accounting Education, Feb2011, Vol. 20 Issue 1, p3-16, 14p Understanding Student Plagiarism: An Empirical Study in Accounting Education.Detail Only Available By: Xin Guo. Accounting Education, Feb2011, Vol. 20 Issue 1, p17-37, 21p Introducing and Contextualising Customer Lifetime Valuation: A Management Accounting Teaching Resource.Detail Only Available By: Andon, Paul; Baxter, Jane. Accounting Education, Feb2011, Vol. 20 Issue 1, p39-61, 23p E-business in Accounting Education: A Review of Undergraduate Accounting Degrees in the UK and Ireland.Detail Only Available By: Kotb, Amr; Roberts, Clare. Accounting Education, Feb2011, Vol. 20 Issue 1, p63-78, 16p AE Editorial Policy Statement AE Tributes to Outstanding Accounting Educators.Detail Only Available By: Bloom, Robert. Accounting Education, Feb2011, Vol. 20 Issue 1, p79-80, 2p A Tribute to Professor Stephen A. Zeff.Detail Only Available By: Dyckman, Thomas R.; Uecker, Wil C.. Accounting Education, Feb2011, Vol. 20 Issue 1, p81-95, 15p Sandy Burton's Accounting Legacy: Regulation and Education.Detail Only Available By: Bloom, Robert. Accounting Education, Feb2011, Vol. 20 Issue 1, p97-106, 10p 75 VADEMÉCUM Ven conmigo SPECIAL SECTION EUROPEAN ACCOUNTING REVIEW ON ACCOUNTING AND REPORTING IN FAMILY FIRMS.Detail Only Available Accounting Education, Feb2011, Vol. 20 Issue 1, p108-109, 2p Generic Skills in Audit Education.Detail Only Available By: Crawford, Louise; Helliar, Christine; Monk, Elizabeth A.. Accounting Education, Apr2011, Vol. 20 Issue 2, p115-131, 17p Students' Perceptions of Work-Based Training and Examination-Based Learning Relating to the Professional Competence of Auditors and the Impact of Regulatory Changes on Audit Training in the UK.Detail Only Available By: Marriott, Neil; Telford, Brian; Davies, Marlene; Evans, Jon. Accounting Education, Apr2011, Vol. 20 Issue 2, p133-151, 19p Audit Education for Future Professionals: Perceptions of New Zealand Auditors.Detail Only Available By: Chaffey, Jenna; Van Peursem, Karen A.; Low, Mary. Accounting Education, Apr2011, Vol. 20 Issue 2, p153-185, 33p The Impact of Ethical Orientation and Gender on Final Year Undergraduate Auditing Students' Ethical Judgments.Detail Only Available By: Ballantine, Joan; Mccourt, Patricia. Accounting Education, Apr2011, Vol. 20 Issue 2, p187-201, 15p Adding Value to Audit Education through 'Living' Cases.Detail Only Available By: Drake, Julie. Accounting Education, Apr2011, Vol. 20 Issue 2, p203-222, 20p Teaching, Scholarship and Sharing: Perspectives on Community.Detail Only Available By: Wygal, Donald E.. Accounting Education, Jun2011, Vol. 20 Issue 3, p227-237, 11p Towards A 'Scholarship of Teaching and Learning': The Individual and the Communal Journey.Detail Only Available By: Lucas, Ursula. Accounting Education, Jun2011, Vol. 20 Issue 3, p239-243, 5p Adapting Case-Based Teaching to Large Class Settings: An Action Research Approach.Detail Only Available By: Doran, John; Healy, Margaret; McCutcheon, Maeve; O'Callaghan, Steve. Accounting Education, Jun2011, Vol. 20 Issue 3, p245-263, 19p A Brave New World: Australian Learning Outcomes in Accounting Education.Detail Only Available By: Freeman, Mark; Hancock, Phil. Accounting Education, Jun2011, Vol. 20 Issue 3, p265273, 9p 'A distinguishing factor': Oral Communication Skills in New Accountancy Graduates.Detail Only Available By: Gray, F. Elizabeth; Murray, Niki. Accounting Education, Jun2011, Vol. 20 Issue 3, p275294, 20p  ACCOUNTING FORUM . Twenty-one years of social and environmental accountability research: A coming of age 76 VADEMÉCUM Ven conmigo Pages 1-10 Lee D. Parker Accounting for long-tail asbestos liabilities: Metaphor and meaning Pages 11-18 Lee Moerman, Sandra van der Laan The influence of international taxation structures on corporate financial disclosure patterns Pages 32-46 Grantley Taylor, Greg Tower, Mitch Van Der Zahn The impact of introductory accounting courses on student perceptions about the purpose of accounting information and the objectives of business: A comparison of the UK and Japan Pages 47-60. David Collison, John Ferguson, Yoshinao Kozuma, David Power, Lorna Stevenson SCAM: Design of a learning and teaching resource Pages 61-72 Louise Crawford, Christine Helliar, Elizabeth Monk, Lorna Stevenson The nature, use and impression management of graphs in social and environmental accounting Pages 75-89 Michael John Jones Has the global financial crisis produced a New World Order? Pages 90-103 Richard A. Iley, Mervyn K. Lewis Theoretical perspectives on intellectual capital: A backward look and a proposal for going forward Pages 104-117 Leire Alcaniz, Fernando Gomez-Bezares, Robin Roslender Voluntary hospices in England: A viable business model? Pages 118-125 Grigorios Theodosopoulos  ACCOUNTING HORIZONS EquityValue Implications of Lease Accounting.Full Text Available By: Boatsman, James; Xiaobo Dong. Accounting Horizons, Mar2011, Vol. 25 Issue 1, p1-16, 16p Auditor Realignments Accompanying Implementation of SOX 404 ICFR Reporting Requirements.Full Text Available By: Ettredge, Michael; Heintz, James; Chan Li; Scholz, Susan. Accounting Horizons, Mar2011, Vol. 25 Issue 1, p17-39, 23p 77 VADEMÉCUM Ven conmigo Does the Capitalization of Intangible Assets Increase the Predictability of Corporate Failure?Full Text Available By: Jones, Stewart. Accounting Horizons, Mar2011, Vol. 25 Issue 1, p41-70, 30p Multi-Step-Ahead Quarterly Cash-Flow Prediction Models.Full Text Available By: Lorek, Kenneth S.; Willinger, G. Lee. Accounting Horizons, Mar2011, Vol. 25 Issue 1, p71-86, 16p Audit Fees after Remediation of Internal Control Weaknesses.Full Text Available By: Munsif, Vishal; Raghunandan, K.; Rama, Dasaratha V.; Singhvi, Meghna. Accounting Horizons, Mar2011, Vol. 25 Issue 1, p87-105, 19p The Impact of Regulation on the U.S. Nonprofit Sector: Initial Evidence from the Nonprofit Integrity Act of 2004.Full Text Available By: Neely, Daniel G.. Accounting Horizons, Mar2011, Vol. 25 Issue 1, p107-125, 19p The Valuation and Reporting of Organizational Capability in Carbon Emissions Management.Full Text Available By: Ratnatunga, Janek; Jones, Stewart; Balachandran, Kashi R.. Accounting Horizons, Mar2011, Vol. 25 Issue 1, p127-147, 21p Accounting Doctoral Program Rankings Based on Research Productivity of Program Graduates.Full Text Available By: Stephens, Nathaniel M.; Summers, Scott L.; Williams, Brady; Wood, David A.. Accounting Horizons, Mar2011, Vol. 25 Issue 1, p149-181, 33p Are Dividends Associated with the Quality of Earnings?Full Text Available By: Tong, Yen H.; Bin Miao. Accounting Horizons, Mar2011, Vol. 25 Issue 1, p183-205, 23p Robert T. Sprouse and Fundamental Concepts of Financial Accounting.Full Text Available By: Swieringa, Robert J.. Accounting Horizons, Mar2011, Vol. 25 Issue 1, p207-220, 14p A Comparison of XBRL Filings to Corporate 10-Ks--Evidence from the Voluntary Filing Program.Full Text Available By: Bartley, Jon; Chen, Al Y. S.; Taylor, Eileen Z.. Accounting Horizons, Jun2011, Vol. 25 Issue 2, p227-245, 19p Issues in Lessor Accounting: The Forgotten Half of Lease Accounting.Full Text Available By: Bauman, Mark P.; Francis, Richard N.. Accounting Horizons, Jun2011, Vol. 25 Issue 2, p247-266, 20p An Ex Post Examination of Auditor Resignations.Full Text Available By: Catanach, Anthony; Irving, James H.; Williams, Susan Perry; Walker, Paul L.. Accounting Horizons, Jun2011, Vol. 25 Issue 2, p267-283, 17p Income Conservatism in the U.S. Technology Sector.Full Text Available By: Chandra, Uday. Accounting Horizons, Jun2011, Vol. 25 Issue 2, p285-314, 30p Is Enhanced Audit Quality Associated with Greater Real Earnings Management?Full Text Available By: Wuchun Chi; Ling Lei Lisic; Mikhail Pevzner. Accounting Horizons, Jun2011, Vol. 25 Issue 2, p315-335, 21p 78 VADEMÉCUM Ven conmigo Capacity Costs with Time-Based and Use-Based Asset Value Attrition.Full Text Available By: DeBruine, Marinus; Sopariwala, Parvez R.. Accounting Horizons, Jun2011, Vol. 25 Issue 2, p337-356, 20p Auditor Workload Compression and Busy Season Auditor Switching.Full Text Available By: López, Dennis M.; Peters, Gary F.. Accounting Horizons, Jun2011, Vol. 25 Issue 2, p357-380, 24p Reporting of General Infrastructure Assets under GASB Statement No. 34.Full Text Available By: Vermeer, Thomas E.; Patton, Terry K.; Styles, Alan K.. Accounting Horizons, Jun2011, Vol. 25 Issue 2, p381-407, 27p Financial Reporting and Financial Crises: The Case for Measuring Financial Instruments at Fair Value in the Financial Statements.Full Text Available By: Linsmeier, Thomas J.. Accounting Horizons, Jun2011, Vol. 25 Issue 2, p409-417, 9p Financial Analysts Need Sharper Accounting Tools.Full Text Available By: Mosso, David. Accounting Horizons, Jun2011, Vol. 25 Issue 2, p419-435, 17p  ACCOUNTING REVIEW Determinants of Investors' Information Acquisition: Credibility and Confirmation.Full Text Available By: Thayer, Jane. Accounting Review, Jan2011, Vol. 86 Issue 1, p1-22, 22p The Spread of Aggressive Corporate Tax Reporting: A Detailed Examination of the CorporateOwned Life Insurance Shelter.Full Text Available By: Brown, Jennifer L.. Accounting Review, Jan2011, Vol. 86 Issue 1, p23-57, 35p Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting.Full Text Available By: Dhaliwal, Dan S.; Oliver Zhen Li; Tsang, Albert; Yong George Yang. Accounting Review, Jan2011, Vol. 86 Issue 1, p59-100, 42p Should Investors Follow the Prophets or the Bears? Evidence on the Use of Public Information by Analysts and Short Sellers.Full Text Available By: Drake, Michael S.; Rees, Lynn; Swanson, Edward P.. Accounting Review, Jan2011, Vol. 86 Issue 1, p101-130, 30p Incentive Compensation and Promotion-Based Incentives of Mid-Level Managers: Evidence from a Multinational Corporation.Full Text Available By: Ederhof, Merle. Accounting Review, Jan2011, Vol. 86 Issue 1, p131-153, 23p The Role of Organizational Absorptive Capacity in Strategic Use of Business Intelligence to Support Integrated Management Control Systems.Full Text Available By: Elbashir, Mohamed Z.; Collier, Philip A.; Sutton, Steve G.. Accounting Review, Jan2011, Vol. 86 Issue 1, p155-184, 30p Disaggregating Management Forecasts to Reduce Investors' Susceptibility to Earnings Fixation.Full Text Available By: Elliott, W. Brooke; Hobson, Jessen L.; Jackson, Kevin E.. Accounting Review, Jan2011, Vol. 86 Issue 1, p185-208, 24p 79 VADEMÉCUM Ven conmigo Percent Accruals.Full Text Available By: Hafzalla, Nader; Lundholm, Russell; Van Winkle, E. Matthew. Accounting Review, Jan2011, Vol. 86 Issue 1, p209-236, 28p Do Investors Understand Really Dirty Surplus?Full Text Available By: Landsman, Wayne R.; Miller, Bruce L.; Peasnell, Ken; Shu Yeh. Accounting Review, Jan2011, Vol. 86 Issue 1, p237-258, 22p Can Big 4 versus Non-Big 4 Differences in Audit-Quality Proxies Be Attributed to Client Characteristics?Full Text Available By: Lawrence, Alastair; Minutti-Meza, Miguel; Ping Zhang. Accounting Review, Jan2011, Vol. 86 Issue 1, p259-286, 28p The Role of the Internal Audit Function in the Disclosure of Material Weaknesses.Full Text Available By: Shu Lin; Pizzini, Mina; Vargus, Mark; Bardhan, Indranil R.. Accounting Review, Jan2011, Vol. 86 Issue 1, p287-323, 37p The Causes and Consequences of Internal Control Problems in Nonprofit Organizations.Full Text Available By: Petrovits, Christine; Shakespeare, Catherine; Shih, Aimee. Accounting Review, Jan2011, Vol. 86 Issue 1, p325-357, 33p Accountants' Truth: Knowledge and Ethics in the Financial World.Full Text Available By: ABBOTT, ANDREW. Accounting Review, Jan2011, Vol. 86 Issue 1, p359-361, 3p Accounting Scholarship that Advances Professional Knowledge and Practice.Full Text Available By: Kaplan, Robert S.. Accounting Review, Mar2011, Vol. 86 Issue 2, p367-383, 17p Investor Trading and the Post-Earnings-Announcement Drift.Full Text Available By: Ayers, Benjamin C.; Zhen Li, Oliver; Yeung, P. Eric. Accounting Review, Mar2011, Vol. 86 Issue 2, p385-416, 32p Discretionary Disclosure in Financial Reporting: An Examination Comparing Internal Firm Data to Externally Reported Segment Data.Full Text Available By: Bens, Daniel A.; Berger, Philip G.; Monahan, Steven J.. Accounting Review, Mar2011, Vol. 86 Issue 2, p417-449, 33p The Effect of Trading Volume on Analysts' Forecast Bias.Full Text Available By: Beyer, Anne; Guttman, Ilan. Accounting Review, Mar2011, Vol. 86 Issue 2, p451-481, 31p Earnings Quality and International IPO Underpricing.Full Text Available By: Boulton, Thomas J.; Smart, Scott B.; Zutter, Chad J.. Accounting Review, Mar2011, Vol. 86 Issue 2, p483-505, 23p Are Investors Confused by Restatements after Sarbanes-Oxley?Full Text Available By: Burks, Jeffrey J.. Accounting Review, Mar2011, Vol. 86 Issue 2, p507-539, 33p Asset Securitization, Securitization Recourse, and Information Uncertainty.Full Text Available By: Mei Cheng; Dhaliwal, Dan S.; Neamtiu, Monica. Accounting Review, Mar2011, Vol. 86 Issue 2, p541568, 28p 80 VADEMÉCUM Ven conmigo Warranty Reserve: Contingent Liability, Information Signal, or Earnings Management Tool?Full Text Available By: Cohen, Daniel; Darrough, Masako N.; Rong Huang; Tzachi Zach. Accounting Review, Mar2011, Vol. 86 Issue 2, p569-604, 36p Investment Growth and the Relation between Equity Value, Earnings, and Equity Book Value.Full Text Available By: Shengquan Hao; Qinglu Jin; Guochang Zhang. Accounting Review, Mar2011, Vol. 86 Issue 2, p605-635, 31p Voluntary Disclosure to Influence Investor Reactions to Merger Announcements: An Examination of Conference Calls.Full Text Available By: Kimbrough, Michael D.; Louis, Henock. Accounting Review, Mar2011, Vol. 86 Issue 2, p637-667, 31p The Role of Newswires in Screening and Disseminating Value-Relevant Information in Periodic SEC Reports.Full Text Available By: Edward Xuejun Li; Ramesh, K.; Shen, Min. Accounting Review, Mar2011, Vol. 86 Issue 2, p669-701, 33p Stock Repurchases and Executive Compensation Contract Design: The Role of Earnings per Share Performance Conditions.Full Text Available By: Young, Steven; Jing Yang. Accounting Review, Mar2011, Vol. 86 Issue 2, p703-733, 31p Executive Compensation and Financial Accounting.Full Text Available By: CARTER, MARY ELLEN. Accounting Review, Mar2011, Vol. 86 Issue 2, p735-738, 4p Managing Organizational Culture for Effective Internal Control: From Practice to Theory.Full Text Available By: HARTMANN, FRANK. Accounting Review, Mar2011, Vol. 86 Issue 2, p738-741, 4p Principles-Based versus Rules-Based Accounting Standards: The Influence of Standard Precision and Audit Committee Strength on Financial Reporting Decisions.Full Text Available By: Agoglia, Christopher P.; Doupnik, Timothy S.; Tsakumis, George T.. Accounting Review, Apr2011, Vol. 86 Issue 3, p747-767, 21p Effects of SFAS 133 on the Risk Relevance of Accounting Measures of Banks' Derivative Exposures.Full Text Available By: Ahmed, Anwer S.; Kilic, Emre; Lobo, Gerald J.. Accounting Review, Apr2011, Vol. 86 Issue 3, p769-804, 36p Supply Chains and Segment Profitability: How Input Pricing Creates a Latent Cross-Segment Subsidy.Full Text Available By: Arya, Anil; Mittendorf, Brian. Accounting Review, Apr2011, Vol. 86 Issue 3, p805-824, 20p Detection and Severity Classifications of Sarbanes-Oxley Section 404 Internal Control Deficiencies.Full Text Available By: Bedard, Jean C.; Graham, Lynford. Accounting Review, Apr2011, Vol. 86 Issue 3, p825-855, 31p Capital Structure, Cost of Capital, and Voluntary Disclosures.Full Text Available By: Bertomeu, Jeremy; Beyer, Anne; Dye, Ronald A.. Accounting Review, Apr2011, Vol. 86 Issue 3, p857-886, 30p 81 VADEMÉCUM Ven conmigo Dividends, Share Repurchases, and Tax Clienteles: Evidence from the 2003 Reductions in Shareholder Taxes.Full Text Available By: Blouin, Jennifer L.; Raedy, Jana S.; Shackelford, Douglas A.. Accounting Review, Apr2011, Vol. 86 Issue 3, p887-914, 28p How a Systems Perspective Improves Knowledge Acquisition and Performance in Analytical Procedures.Full Text Available By: Brewster, Billy E.. Accounting Review, Apr2011, Vol. 86 Issue 3, p915-943, 29p Changes over Time in the Revenue-Expense Relation: Accounting or Economics?Full Text Available By: Donelson, Dain C.; Jennings, Ross; McInnis, John. Accounting Review, Apr2011, Vol. 86 Issue 3, p945-974, 30p Internal Controls and Conditional Conservatism.Full Text Available By: Beng Wee Goh; Dan Li. Accounting Review, Apr2011, Vol. 86 Issue 3, p975-1005, 31p Relative Performance Evaluation and Related Peer Groups in Executive Compensation Contracts.Full Text Available By: Guojin Gong; Laura Yue Li; Jae Yong Shin. Accounting Review, Apr2011, Vol. 86 Issue 3, p1007-1043, 37p Inflation and Nominal Financial Reporting: Implications for Performance and Stock Prices.Full Text Available By: Konchitchki, Yaniv. Accounting Review, Apr2011, Vol. 86 Issue 3, p1045-1085, 41p The Effect of Annual Report Readability on Analyst Following and the Properties of Their Earnings Forecasts.Full Text Available By: Lehavy, Reuven; Feng Li; Merkley, Kenneth. Accounting Review, Apr2011, Vol. 86 Issue 3, p1087-1115, 29p Psychology Models of Management Accounting.Full Text Available By: LIBBY, THERESA. Accounting Review, Apr2011, Vol. 86 Issue 3, p1117-1119, 3p Accountancy and Empire: The British Legacy of Professional Organization.Full Text Available By: DE BEELDE, IGNACE. Accounting Review, Apr2011, Vol. 86 Issue 3, p1119-1122, 4p  ACCOUNTING AUDITING &ACCOUNTABILITY JOURNAL The relationship between academic accounting research and professional practice Parker, Lee D; Guthrie, James; Linacre, Simon. Accounting, Auditing & Accountability Journal 24. 1 (2011): 5-14 Strategy, strategists and fantasy: a dialogic constructionist perspective MacIntosh, Robert; Beech, Nic. Accounting, Auditing & Accountability Journal 24. 1 (2011): 15-37 Budgeting China. Macro-policies and micro-practices in public sector changes Zan, Luca; Xue, Qingmei. Accounting, Auditing & Accountability Journal 24. 1 (2011): 38-62 Social capital and accountability in grass-roots NGOs Godwin Awio; Northcott, Deryl; Stewart, Lawrence. Accounting, Auditing & Accountability Journal 24. 1 (2011): 63-92. 82 VADEMÉCUM Ven conmigo Environmental management accounting in local government: A case of waste management Qian, Wei; Burritt, Roger; Monroe, Gary. Accounting, Auditing & Accountability Journal 24. 1 (2011): 93128 Risk assessment Butt, Maggie. Accounting, Auditing & Accountability Journal 24. 1 (2011): 131-131 A counting history Kumarasinghe, Sriya. Accounting, Auditing & Accountability Journal 24. 1 (2011): 132-132. The introduction of French theory into English language accounting research Chiapello, Eve; Baker, C Richard. Accounting, Auditing & Accountability Journal 24. 2 Effects of actor-network theory in accounting research Justesen, Lise; Mouritsen, Jan. Accounting, Auditing & Accountability Journal 24. 2 (2011): 161-193. Investigating interdisciplinary translations: The influence of Pierre Bourdieu on accounting literature Malsch, Bertrand; Gendron, Yves; Grazzini, Frédérique. Accounting, Auditing & Accountability Journal 24. 2 (2011): 194-228 Justification and accounting: applying sociology of worth to accounting research Annisette, Marcia; Richardson, Alan J. Accounting, Auditing & Accountability Journal 24. 2 (2011): 229-249. Barthesian perspectives on accounting communication and visual images of professional accountancy Davison, Jane. Accounting, Auditing & Accountability Journal 24. 2 (2011): 250-283. Trying to operationalise typologies of the spectacle Uddin, Shahzad; Gumb, Bernard; Kasumba, Stephen. Accounting, Auditing & Accountability Journal 24. 3 (2011): 288-314 Impression management and retrospective sense-making in corporate narratives: A social psychology perspective Merkl-Davies, Doris M; Brennan, Niamh M; McLeay, Stuart J. Accounting, Auditing & Accountability Journal 24. 3 (2011): 315-344 Organizational identity and management accounting change Abrahamsson, Gun; Englund, Hans; Gerdin, Jonas. Accounting, Auditing & Accountability Journal 24. 3 (2011): 345-376 From care of the self to care for the other: neglected aspects of Foucault's late work Kosmala, Katarzyna; McKernan, John Francis. Accounting, Auditing & Accountability Journal 24. 3 (2011): 377-402 University corporatisation Pop-Vasileva, Aleksandra; Baird, Kevin; Blair, Bill. Accounting, Auditing & Accountability Journal 24. 4 (2011): 408-439. Preferences, constraints and work-lifestyle choices Gallhofer, Sonja; Paisey, Catriona; Roberts, Clare; Tarbert, Heather. Accounting, Auditing & Accountability Journal 24. 4 (2011): 440-470. 83 VADEMÉCUM Ven conmigo Corporate governance and strategic information on the internet Isabel-María García Sánchez; Luis Rodríguez Domínguez; Isabel Gallego Álvarez. Accounting, Auditing & Accountability Journal 24. 4 (2011): 471-501 The emergence and change of management accounting routines Accounting, Auditing & Accountability Journal 24. 4 (2011): 502-547. van der Steen, Martijn. The man from Sydney City Dean, Dianne. Accounting, Auditing & Accountability Journal 24. 4 (2011): 551-552. Capitalist accounting in sixteenth century Holland: Hanseatic influences and the Sombart thesis Funnell, Warwick; Robertson, Jeffrey. Accounting, Auditing & Accountability Journal 24. 5 (2011): 560-586 Visibility, governance and social context: Financial management in the Pre-Reformation Scottish church Paisey, Catriona; Paisey, Nicholas J. Accounting, Auditing & Accountability Journal 24. 5 (2011): 587-621 The performance of intellectual capital: Mobilising relationships between intellectual and financial capital in a bank Murthy, Vijaya; Mouritsen, Jan. Accounting, Auditing & Accountability Journal 24. 5 (2011): 622-646 Effects of organizational ethical culture on the ethical decisions of tax practitioners in mainland China Shafer, William E; Simmons, Richard S. Accounting, Auditing & Accountability Journal 24. 5 (2011): 647-668. Pandora's box L'Huillier, Barbara. Accounting, Auditing & Accountability Journal 24. 5 (2011): 672672. After the holiday Butt, Maggie. Accounting, Auditing & Accountability Journal 24. 5 (2011): 673673.  ACCOUNTING, ORGANIZATIONS AND SOCIETY The office: The weakness of numbers and the production of non-authority Pages 1-9 Kristin Asdal The making of the management accountant – Becoming the producer of truthful knowledge Pages 10-30 Caroline Lambert, Eric Pezet Seeking legitimacy for new assurance forms: The case of assurance on sustainability reporting Pages 31-52 Brendan O’Dwyer, David Owen, Jeffrey Unerman 84 VADEMÉCUM Ven conmigo Responses to risk in tournaments Pages 53-62 Frederick W. Rankin, Todd L. Sayre The Tenth Interdisciplinary Perspectives on Accounting Conference Combining creativity and control: Understanding individual motivation in large-scale collaborative creativity Pages 63-85 Paul S. Adler, Clara Xiaoling Chen Budgeting for legitimacy: The case of an Australian university Pages 86-101 Jodie Moll, Zahirul Hoque The effects of disclosure type and audit committee expertise on Chief Audit Executives’ tolerance for financial misstatements Pages 102-108 Carolyn Strand Norman, Jacob M. Rose, Ik Seon Suh To tell the truth: A discussion of issues concerning truth and ethics in accounting Pages 109-124 Mohamed E. Bayou, Alan Reinstein, Paul F. Williams Fair value accounting for liabilities: The role of disclosures in unraveling the counterintuitive income statement effect from credit risk changes Pages 125-134 Lisa Milici Gaynor, Linda McDaniel, Teri Lombardi Yohn Beyond panopticism: On the ramifications of surveillance in a contemporary professional setting Pages 135-155 Marion Brivot, Yves Gendron The effects of organizational fairness and commitment on the extent of benefits big four alumni provide their former firm Pages 156-166 David N. Herda, James J. Lavelle The strategic competence of accountants and middle managers in budget making Pages 167-182 Bertrand Fauré, Linda Rouleau The practice turn in organization research: Towards a disciplined transdisciplinarity Pages 183-186 Richard Whittington  85 VADEMÉCUM Ven conmigo ACCOUNTING BUSINESS & FINANCIAL HISTORY The current value-based balance sheet in the context of east Asian colonial management: the case of the Oriental Colonization Company.Detail Only Available By: Noguchi, Masayoshi; Kanamori, Eri. Accounting, Business & Financial History, Nov2010, Vol. 20 Issue 3, p271-301, 31p Accounting in disaster and accounting for disaster: the crisis of the Great Kanto Earthquake, Japan, 1923.Detail Only Available By: Shimizu, Yasuhiro; Fujimura, Satoshi. Accounting, Business & Financial History, Nov2010, Vol. 20 Issue 3, p303-316, 14p The dual audit system for joint stock companies in Japan.Detail Only Available By: Matsumoto, Yoshinao; Previts, Gary John. Accounting, Business & Financial History, Nov2010, Vol. 20 Issue 3, p317-326, 10p The emergence of uniform principles of cost accounting in Sweden 1900-36.Detail Only Available By: Segelod, Esbjorn; Carlsson, Leif. Accounting, Business & Financial History, Nov2010, Vol. 20 Issue 3, p327-363, 37p Transfer pricing: early Italian contributions.Detail Only Available By: Mura, Alessandro; Emmanuel, Clive. Accounting, Business & Financial History, Nov2010, Vol. 20 Issue 3, p365-383, 19p Management, finance and cost control in the Midlands charcoal iron industry.Detail Only Available By: King, P. W.. Accounting, Business & Financial History, Nov2010, Vol. 20 Issue 3, p385-412, 28p Principles before standards. The ICAEW's 'N Series' of recommendations on accounting principles 1942.Detail Only Available By: Edwards, John Richard. Accounting, Business & Financial History, Nov2010, Vol. 20 Issue 3, p415-417, 3p This time is different: eight centuries of financial folly.Detail Only Available By: Billings, Mark. Accounting, Business & Financial History, Nov2010, Vol. 20 Issue 3, p417-420, 4p Index - Volumes 1-20.Detail Only Available Accounting, Business & Financial History, Nov2010, Vol. 20 Issue 3, p421-458, 38p  ADVANCES IN ACCOUNTING, Out-of-sample cash flow prediction and cash distributions to shareholders Pages 1-9 Rick N. Francis A longitudinal study of the research productivity of graduates of accounting doctoral programs Pages 10-16 James R. Hasselback, Alan Reinstein, Philip M.J. Reckers An examination of the effects of management earnings forecast form and explanations on financial analyst forecast revisions 86 VADEMÉCUM Ven conmigo Pages 17-25 Stephen P. Baginski, John M. Hassell, Matthew M. Wieland Are incentives for earnings management reflected in the ERC: Large sample evidence Pages 26-38 Emeka T. Nwaeze The relation between earnings management and financial statement fraud Pages 39-53 Johan L. Perols, Barbara A. Lougee Structural and executional drivers of downstream revenue Pages 54-61 Michael J. Petersen The impact of strategy communications, incentives and national culture on balanced scorecard implementation Pages 62-74 Salvador Carmona, Govind Iyer, Philip M.J. Reckers Is investment decision-making influenced by perceptions relating to auditors’ client dependence and amount of audit fees? Pages 75-80 Arnold Schneider Mood and likeability: The impact of two affect types on tax judgment Pages 81-89 Joseph J. Schultz Jr., Brad A. Schafer, Jennifer K. Schafer The effect of causal knowledge on individuals' perceptions of nonfinancial performance measures in profit prediction Pages 90-98 Donna M. Booker, Dan L. Heitger, Thomas D. Schultz Good disclosure doesn't cure bad accounting—Or does it?: Evaluating the case for SFAS 158 Pages 99-110 Cathy Beaudoin, Nandini Chandar, Edward M. Werner  BRITISH ACCOUNTING REVIEW IFRS fair value measurement and accounting policy choice in the United Kingdom and Australia Pages 1-21 David Cairns, Dianne Massoudi, Ross Taplin, Ann Tarca Have IFRS made a difference to intra-country financial reporting diversity? Pages 22-38 87 VADEMÉCUM Ven conmigo Stewart Jones, Aimee Finley Ownership concentration, voluntary disclosures and information asymmetry in New Zealand Pages 39-53 Haiyan Jiang, Ahsan Habib, Baiding Hu Environmental disclosure and environmental risk: Sceptical attitudes of UK sell-side bank analysts Pages 54-64 David Campbell, Richard Slack Activity-based costing user satisfaction and type of system: A research note Pages 65-72 Richard H. Pike, Mike E. Tayles, Nur Naha Abu Mansor Accounting and business ethics: An introduction Pages 73-74 David Campbell Experiencing Change in German Controlling: Management Accounting in a Globalized World, Robert Luther Pages 75-76 Simon Pallett Double accounting for goodwill: A problem redefined Pages 77-78 Tony Tollington In Government We Trust: Market Failure and the Delusions of Privatisation Pages 79-80 John Stittle Financial analysts' evaluation of enhanced disclosure of non-financial performance indicators Pages 87-101 Paul J. Coram, Theodore J. Mock, Gary S. Monroe Product innovation, budgetary control, and the financial performance of firms Pages 102-111 Alan S. Dunk Agency costs and product market competition: The case of audit pricing in Greece Pages 112-119 Stergios Leventis, Pauline Weetman, Constantinos Caramanis The relationship between product diversity, usage of advanced manufacturing technologies and activity-based costing adoption Pages 120-134 Martijn Schoute 88 VADEMÉCUM Ven conmigo Goal-setting participation and goal commitment: Examining the mediating roles of procedural fairness and interpersonal trust in a UK financial services organisation Pages 135-146 Mahfud Sholihin, Richard Pike, Musa Mangena, Jing Li  CRITICAL PERSPECTIVES ON ACCOUNTING The calculative reproduction of social structures – The field of gem mining in Sri Lanka Pages 1-19 Chandana Alawattage Big four accounting firms’ annual reviews: A photo analysis of gender and race portrayals Pages 20-38 Angus Duff The market for corporate tax knowledge Pages 39-52 John Hasseldine, Kevin Holland, Pernill van der Rijt The portrayal of gender in annual reports in Thailand Pages 53-78 Nooch Kuasirikun Ethel Ayres Purdie: Critical practitioner and suffragist Pages 79-101 Stephen P. Walker A discussion of poststructuralist and postmodernist positions in the work of Norman Macintosh Pages 110-117 C. Richard Baker Paratextual framing of the annual report: Liminal literary conventions and visual devices Pages 118-134 Jane Davison Taking pluralism seriously: Embedded moralities in management accounting and control systems Pages 135-147 Jesse Dillard, Robin Roslender Norman Macintosh: Accounting academe's joyful kynic Pages 148-157 Jeff Everett Relative performance evaluation and pension investment management: A challenge for ESG investing 89 VADEMÉCUM Ven conmigo Pages 158-171 Darlene Himick Designing the social software Pages 172-182 Sten Jönsson Agency and structure in budgeting: Thesis, antithesis and synthesis Pages 183-199 Eksa Kilfoyle, Alan J. Richardson Beyond disciplinary enclosures: Management control in the society of control Pages 200-211 Daniel E. Martinez Structuration theory: The contribution of Norman Macintosh and its application to emissions trading Pages 212-227 David R.J. Moore The operation of representation in accounting: A small addition to Dr. Macintosh's theory of accounting truths Pages 228-235 Jan Mouritsen Collective intentionality and aggressive earnings management: Developing Norman Macintosh's arguments in the debate over principles- versus rules-based accounting standards Pages 236-242 Noriaki Okamoto Accrual accounting representations in the public sector—A case of autopoiesis Pages 247-258 Levi Gårseth-Nesbakk Governance prescriptions under trial: On the interplay between the logics of resistance and compliance in audit committees Pages 259-272 Marie-Soleil Tremblay, Yves Gendron A critique of Gray's framework on accounting values using Germany as a case study Pages 273-287 Eva Heidhues, Chris Patel A practice of her own: Female career success beyond the accounting firm Pages 288-303 Ingrid Jeacle 90 VADEMÉCUM Ven conmigo Accounting for the General Intellect: Immaterial labour and the social factory Pages 304-315 Crawford Spence, David Carter The role of multinational companies in tax evasion and tax avoidance: The case of Nigeria Pages 316-332 Olatunde Julius Otusanya The short happy life of Celiant Corporation: Did managerialism at Lucent Technologies divert shareholder wealth to private equity investors? Pages 337-350 Monica Banyi, Dennis Caplan, Roger Graham Disability and the socialization of accounting professionals Pages 351-364 Angus Duff, John Ferguson Tax fairness in Canadian government budgets: How fair is ‘fair’? Pages 365-375 Jonathan Farrar The accountancy profession and the ambiguities of globalisation in a post-colonial, Middle Eastern and Islamic context: Perceptions of accountants in Syria Pages 376-395 Sonja Gallhofer, Jim Haslam, Rania Kamla Power over empowerment: Encountering development accounting in a Sri Lankan fishing village Pages 396-414 Kelum Jayasinghe, Danture Wickramasinghe Accounting as a legitimising device in voluntary price agreements: The Dundee jute industry, 1945– 1960 Pages 415-433 Swapnesh Masrani, Peter McKiernan University corporatisation: Driving redefinition Pages 434-450 Lee Parker  EUROPEAN ACCOUNTING REVIEW In Pursuance of Successful Research.Detail Only Available By: Carmona, Salvador. European Accounting Review, 2011, Vol. 20 Issue 1, p1-5, 5p On Successful Research.Detail Only Available By: Ohlson, James A.. European Accounting Review, 2011, Vol. 20 Issue 1, p7-26, 20p 91 VADEMÉCUM Ven conmigo In Search of 'Successful' Accounting Research.Detail Only Available By: Wai Fong Chua. European Accounting Review, 2011, Vol. 20 Issue 1, p27-39, 13p Good Analytical Research.Detail Only Available By: Christensen, John. European Accounting Review, 2011, Vol. 20 Issue 1, p41-51, 11p Successful Research: In Whose Eyes?Detail Only Available By: Czarniawska, Barbara. European Accounting Review, 2011, Vol. 20 Issue 1, p53-55, 3p Ultimate Ownership and Earnings Conservatism.Detail Only Available By: Bona-Sánchez, Carolina; Pérez-Alemán, Jerónimo; Santana-Martín, Domingo Javier. European Accounting Review, 2011, Vol. 20 Issue 1, p57-80, 24p Stock Price Reaction to Non-financial News in European Technology Companies.Detail Only Available By: Fernández, Beatriz Cuellar; Callén, Yolanda Fuertes; Gadea, José Antonio Laínez. European Accounting Review, 2011, Vol. 20 Issue 1, p81-111, 31p The Economy of Music Programs and Organizations. A Micro Analysis and Typology.Detail Only Available By: Mariani, Marcello M.; Zan, Luca. European Accounting Review, 2011, Vol. 20 Issue 1, p113-148, 36p Management Control without Budgets: A Field Study of 'Beyond Budgeting' in Practice.Detail Only Available By: Østergren, Katarina; Stensaker, Inger. European Accounting Review, 2011, Vol. 20 Issue 1, p149-181, 33p Book review.Detail Only Available By: Modell, Sven. European Accounting Review, 2011, Vol. 20 Issue 1, p183-186, 4p Intellectual Capital Reporting: Lessons from Hong Kong and Australia.Detail Only Available By: Zambon, Stefano. European Accounting Review, 2011, Vol. 20 Issue 1, p186-189, 4p Malea Fashion District: A New Way to Learn Managerial Accounting Antonio Davila and Daniel Oyon.Detail Only Available By: Merchant, Kenneth A.. European Accounting Review, 2011, Vol. 20 Issue 1, p190-192, 3p Management Accounting Catherine Gowthorpe.Detail Only Available By: Hoffjan, Andreas; Kornacker, Julia. European Accounting Review, 2011, Vol. 20 Issue 1, p192-195, 4p Financial Black Holes: Accounting for Privately Financed Roads in the UK.Detail Only Available By: Newberry, Susan. European Accounting Review, 2011, Vol. 20 Issue 1, p196-198, 3p When Professionals have to Lead: A New Model for High Performance.Detail Only Available By: Anderson-Gough, Fiona. European Accounting Review, 2011, Vol. 20 Issue 1, p198-202, 5p 92 VADEMÉCUM Ven conmigo SPECIAL SECTION EUROPEAN ACCOUNTING REVIEW ON ACCOUNTING AND REPORTING IN FAMILY FIRMS.Detail Only Available European Accounting Review, 2011, Vol. 20 Issue 1, p205-206, 2p Accounting, Governance and the Crisis: Is Risk the Missing Link?Detail Only Available By: Magnan, Michel; Markarian, Garen. European Accounting Review, 2011, Vol. 20 Issue 2, p215-231, 17p IFRS: On the Docility of Sophisticated Users in Preserving the Ideal of Comparability.Detail Only Available By: Durocher, Sylvain; Gendron, Yves. European Accounting Review, 2011, Vol. 20 Issue 2, p233-262, 30p The Adoption of IFRS 3: The Effects of Managerial Discretion and Stock Market Reactions.Detail Only Available By: Hamberg, Mattias; Paananen, Mari; Novak, Jiri. European Accounting Review, 2011, Vol. 20 Issue 2, p263-288, 26p A Theoretical Analysis of the Impact of Adopting Rolling Budgets, Activity-Based Budgeting and Beyond Budgeting.Detail Only Available By: Hansen, Stephen C.. European Accounting Review, 2011, Vol. 20 Issue 2, p289-319, 31p Regulating Audit in Europe: The Case of the Implementation of the EU Eighth Directive in Denmark 1984-2006.Detail Only Available By: Jeppesen, Kim K.; Loft, Anne. European Accounting Review, 2011, Vol. 20 Issue 2, p321-354, 34p Pricing in a Service Sector Context: Accounting and Marketing Logics in the Hotel Industry.Detail Only Available By: Mattimoe, Ruth; Seal, Will. European Accounting Review, 2011, Vol. 20 Issue 2, p355-388, 34p Ownership Structure and the Cost of Debt.Detail Only Available By: Sanchez-Ballesta, Juan Pedro; Garcia-Meca, Emma. European Accounting Review, 2011, Vol. 20 Issue 2, p389-416, 28p Key Concepts in Ethnography.Detail Only Available By: Malmi, Teemu. European Accounting Review, 2011, Vol. 20 Issue 2, p417-418, 2p Management Accounting in Enterprise Resource Planning Systems.Detail Only Available By: Kihn, Lili-Anne; Lepisto, Lauri. European Accounting Review, 2011, Vol. 20 Issue 2, p418-422, 5p Engaging Crystallization in Qualitative Research: An Introduction.Detail Only Available By: Larrinaga-Gonzalez, Carlos. European Accounting Review, 2011, Vol. 20 Issue 2, p422-425, 4p SPECIAL SECTION EUROPEAN ACCOUNTING REVIEW ON ACCOUNTING AND REPORTING IN FAMILY FIRMS.Detail Only Available European Accounting Review, 2011, Vol. 20 Issue 2, p427-428, 2p  INTERNATIONAL JOURNAL OF ACCOUNTING INFORMATION SYSTEMS Extending AIS research to management accounting and control issues: A research note 93 VADEMÉCUM Ven conmigo Pages 3-19 Markus Granlund Impact of enterprise resource planning systems on management control systems and firm performance Pages 20-39 Juha-Pekka Kallunki, Erkki K. Laitinen, Hanna Silvola The effects of decision aid structural restrictiveness on decision-making outcomes Pages 40-56 Poh-Sun Seow Does long term performance improve following the appointment of a CIO? Pages 57-78 Ashraf Khallaf, Terrance Skantz Good science, bad science: Preventing paradigm paralysis and method-bias malaise Pages 84-89 D. Harrison McKnight Capturing affect via the experience sampling method: Prospects for accounting information systems researchers Pages 90-98 Ryan J. Baxter, James E. Hunton Event study methodologies in information systems research Pages 99-115 Yaniv Konchitchki, Daniel E. O'Leary Using narrative networks to study enterprise systems and organizational change Pages 116-125 Adrian Yeow, Samer Faraj An introduction to evidential reasoning for decision making under uncertainty: Bayesian and belief function perspectives Pages 126-135 Rajendra P. Srivastava A meta-analysis of information system success: A reconsideration of its dimensionality Pages 136-141 Michael M. Masoner, Sandra S. Lang, Arlyn J. Melcher A design science research methodology and its application to accounting information systems research Pages 142-151 Guido L. Geerts 94 VADEMÉCUM Ven conmigo Experimental methods in decision aid research Pages 161-167 Patrick Wheeler, Uday Murthy  JOURNAL OF ACCOUNTING, AUDITING AND FINANCE Corporate Governance Research in "The Rest of the World".Full Text Available By: BALACHANDRAN, KASHI R.; DOSSI, ANDREA; VAN DER STEDE, WIM A.. Journal of Accounting, Auditing & Finance, Fall2010, Vol. 25 Issue 4, p523-529, 7p The Missing Link between Corporate Performance Measurement Systems and Chief Executive Officer Incentive Plans.Full Text Available By: DOSSI, ANDREA; PATELLI, LORENZO; ZONI, LAURA. Journal of Accounting, Auditing & Finance, Fall2010, Vol. 25 Issue 4, p531-558, 28p Performance-Dependent Incentives: Some Puzzles to Ponder.Full Text Available By: MERCHANT, KENNETH A.. Journal of Accounting, Auditing & Finance, Fall2010, Vol. 25 Issue 4, p559-567, 9p Executive Directors, Pay Disclosures, and Incentive Compensation in Large European Companies.Full Text Available By: MUSLU, VOLKAN. Journal of Accounting, Auditing & Finance, Fall2010, Vol. 25 Issue 4, p569-605, 37p Executive Compensation, Compensation Consultants, and Shopping for Opinion: Evidence from the United Kingdom.Full Text Available By: GOH, LISA; GUPTA, ADITI. Journal of Accounting, Auditing & Finance, Fall2010, Vol. 25 Issue 4, p607-643, 37p Are Brand-Equity Measures Associated with Business-Unit Financial Performance? Empirical Evidence from the Netherlands.Full Text Available By: VERBEETEN, FRANK H. M.; VIJN, PIETER. Journal of Accounting, Auditing & Finance, Fall2010, Vol. 25 Issue 4, p645-671, 27p Institutional Investors, Managerial Ownership, and Executive Compensation.Full Text Available By: JANAKIRAMAN, SURYA; RADHAKRISHNAN, SURESH; TSANG, ALBERT. Journal of Accounting, Auditing & Finance, Fall2010, Vol. 25 Issue 4, p673-707, 35p Layoffs and Chief Executive Officer (CEO) Compensation: Does CEO Power Influence the Relationship?Full Text Available By: HENDERSON, B. CHARLENE; MASLI, ADI; RICHARDSON, VERNON J.; SANCHEZ, JUAN MANUEL. Journal of Accounting, Auditing & Finance, Fall2010, Vol. 25 Issue 4, p709-748, 40p Performance Measurement and Achievable Targets for Public Hospitals.Full Text Available By: PRIOR, DIEGO; SURROCA, JORDI. Journal of Accounting, Auditing & Finance, Fall2010, Vol. 25 Issue 4, p749-765, 17p The Use of Independent Fairness Opinions and the Performance of Acquiring Firms.Full Text Available By: LUCY HUAJING CHEN. Journal of Accounting, Auditing & Finance, Summer2010, Vol. 25 Issue 3, p323-350, 28p 95 VADEMÉCUM Ven conmigo Discretionary Accruals and the Emergence of Profitability.Full Text Available By: MOSEBACH, MICHAEL; SIMKO, PAUL. Journal of Accounting, Auditing & Finance, Summer2010, Vol. 25 Issue 3, p351-374, 24p The Role of Transfer-Pricing Schemes in Coordinated Supply Chains.Full Text Available By: BALACHANDRAN, KASHI R.; SHU-HSING LI; TAYCHANG WANG; HSIAO-WEN WANG. Journal of Accounting, Auditing & Finance, Summer2010, Vol. 25 Issue 3, p375-404, 30p Two Tax Policies toward Tax Havens: Effects on Production and Capital Location Decisions.Full Text Available By: HALPERIN, ROBERT; SRINIDHI, BIN. Journal of Accounting, Auditing & Finance, Summer2010, Vol. 25 Issue 3, p405-430, 26p Is Silence Golden? Earnings Warnings and Subsequent Changes in Analyst Following.Full Text Available By: TUCKER, JENNIFER WU. Journal of Accounting, Auditing & Finance, Summer2010, Vol. 25 Issue 3, p431-456, 26p Frequency of Corporate Announcements via Stock Exchange Web Sites and Market Efficiency.Full Text Available By: RAHMAN, ASHEQ; DEBRECENY, ROGER. Journal of Accounting, Auditing & Finance, Summer2010, Vol. 25 Issue 3, p457-490, 34p Testing for Trade-offs in the Reinsurance Decision of U.K. Life Insurance Firms.Full Text Available By: KADER, HALA ABDUL; ADAMS, MIKE; MOURATIDIS, KOSTAS. Journal of Accounting, Auditing & Finance, Summer2010, Vol. 25 Issue 3, p491-522, 32p  JOURNAL OF ACCOUNTING & ORGANIZATIONAL CHANGE Organizational change: in search of the golden mean Dillard, Jesse; Rogers, Rodney; Yuthas, Kristi. Journal of Accounting & Organizational Change 7. 1 (2011): 5-32 Managing performance at the top: a balanced scorecard for boards of directors Northcott, Deryl; Smith, Janine. Journal of Accounting & Organizational Change 7. 1 (2011): 33-56 Effect of reorganization actions on the financial performance of small entrepreneurial distressed firms Laitinen, Erkki K. Journal of Accounting & Organizational Change 7. 1 (2011): 57-95 Trait-based conformity in reporting of selling, general and administrative expenses Aerts, Walter; Tom Van Caneghem. Journal of Accounting & Organizational Change 7. 2 (2011): 108-131. The effects of perceived business uncertainty, external consultants and risk management on organisational outcomes Subramaniam, Nava; Collier, Paul; Phang, Michelle; Burke, Gary. Journal of Accounting & Organizational Change 7. 2 (2011): 132-157 The use of graphics in promoting management ideas: An analysis of the Balanced Scorecard, 19922010 Free, Clinton; Qu, Sandy Q. Journal of Accounting & Organizational Change 7. 2 (2011): 158189 96 VADEMÉCUM Ven conmigo The Australian National Greenhouse and Energy Reporting Act and its implications for accounting practice and research: A mini-review Lodhia, Sumit. Journal of Accounting & Organizational Change 7. 2 (2011): 190-198.  JOURNAL OF ACCOUNTING AND PUBLIC POLICY The informativeness of analyst forecast revisions and the valuation of R&D-intensive firms Pages 1-21 Yuan Huang, Guochang Zhang The aftermath of public attention on accounting improprieties: Effects on securities class action settlements Pages 22-49 Laura E. Simmons The effect of board of director composition on corporate tax aggressiveness Pages 50-70 Roman Lanis, Grant Richardson Controlling shareholders’ tunneling and executive compensation: Evidence from China Pages 89-100 Kun Wang, Xing Xiao Do earnings reported under IFRS tell us more about future earnings and cash flows? Pages 103-121 T.J. Atwood, Michael S. Drake, James N. Myers, Linda A. Myers Does it really pay to be green? Determinants and consequences of proactive environmental strategies Pages 122-144 Peter M. Clarkson, Yue Li, Gordon D. Richardson, Florin P. Vasvari Accounting choice and future performance: The case of R&D accounting in France Pages 145-165 Anne Cazavan-Jeny, Thomas Jeanjean, Peter Joos Value relevance of discretionary accruals in the Asian financial crisis of 1997–1998 Pages 166-187 Jong-Hag Choi, Jeong-Bon Kim, Jay Junghun Lee The role of corporate governance in meeting or beating analysts’ forecast Pages 188-198 Davit Adut, Augustine Duru, Wendy Liu Galpin The accounting art of war: Bounded rationality, earnings management and insider trading Pages 203-216 97 VADEMÉCUM Ven conmigo Ramy Elitzur Professionalising British central government bureaucracy c. 1850: The accounting dimension Pages 217-235 John Richard Edwards The effect of SFAS 142 on the ability of goodwill to predict future cash flows Pages 236-255 Cheol Lee The association between non-financial performance measures in executive compensation contracts and earnings management Pages 256-274 Salma Ibrahim, Cynthia Lloyd Sarbanes–Oxley Act and the quality of earnings and accruals: Market-based evidence Pages 275-294 Rachana Kalelkar, Emeka T. Nwaeze.  JOURNAL OF BUSINESS FINANCE & ACCOUNTING The Information Content of Undisclosed Limit Orders Around Broker Anonymity.Full Text Available By: Lepone, Andrew; Mistry, Mitesh. Australasian Accounting Business & Finance Journal, Mar2011, Vol. 5 Issue 1, p5-18, 14p Academic Publishing: A Faustian Bargain?Full Text Available By: Samkin, Grant. Australasian Accounting Business & Finance Journal, Mar2011, Vol. 5 Issue 1, p19-34, 16p Finance, Ownership, Executive Remuneration, and Technical Efficiency: A Stochastic Frontier Analysis (SFA) of Thai Listed Manufacturing Enterprises.Full Text Available By: Amornkitvikai, Yot; Harvie, Charles. Australasian Accounting Business & Finance Journal, Mar2011, Vol. 5 Issue 1, p35-55, 21p Customers and Markets: Both Are Essential to Credit-Risk Measurement in Australian Banks.Full Text Available By: Allen, David E.; Powell, Robert. Australasian Accounting Business & Finance Journal, Mar2011, Vol. 5 Issue 1, p57-75, 19p Modelling the Balassa-Samuelson Effect in Australia.Full Text Available By: Chøwdhury, Khørshed. Australasian Accounting Business & Finance Journal, Mar2011, Vol. 5 Issue 1, p77-91, 15p An Analytical Framework to Examine Changes in Performance Measurement Systems within the Banking Sector.Full Text Available By: Munir, Rahat; Perera, Sujatha; Baird, Kevin. Australasian Accounting Business & Finance Journal, Mar2011, Vol. 5 Issue 1, p93-115, 23p 98 VADEMÉCUM Ven conmigo The Month-of-the-year Effect in the Australian Stock Market: A Short Technical Note on the Market, Industry and Firm Size Impacts.Full Text Available By: Marrett, George; Worthington, Andrew. Australasian Accounting Business & Finance Journal, Mar2011, Vol. 5 Issue 1, p117-123, 7p Framework for Assessing Financial Literacy and Superannuation Investment Choice Decisions. Australasian Accounting Business & Finance Journal, Jul2011, Vol. 5 Issue 2, p3-22, 20p The Role of Financial Education in Retirement Planning. Australasian Accounting Business & Finance Journal, Jul2011, Vol. 5 Issue 2, p23-37, 15p Sin Stocks in Self Managed Superannuation Funds. Australasian Accounting Business & Finance Journal, Jul2011, Vol. 5 Issue 2, p39-51, 13p Weathering the Storm: Tax as a component of Financial Capability. Australasian Accounting Business & Finance Journal, Jul2011, Vol. 5 Issue 2, p53-68, 16p Determinants of Client-Professional Relationship Quality in the Financial Planning Setting. Australasian Accounting Business & Finance Journal, Jul2011, Vol. 5 Issue 2, p69-99, 31p Financial Literacy: A Review of Government Policy and Initiatives. Australasian Accounting Business & Finance Journal, Jul2011, Vol. 5 Issue 2, p101-125, 25p Dealer Group or Financial Planning Group? A Brief Technical Note. Australasian Accounting Business & Finance Journal, Jul2011, Vol. 5 Issue 2, p127-134, 8p  JOURNAL OF HUMAN RESOURCE COSTING & ACCOUNTING The interaction between motivational disposition and participative budgeting Sandalgaard, Niels; Bukh, Per Nikolaj; Carsten Stig Poulsen. Journal of HRCA : Human Resource Costing & Accounting 15. 1 (2011): 7-23 Making sense of intellectual capital complexity: measuring through narrative Dumay, John; Cuganesan, Suresh. Journal of HRCA : Human Resource Costing & Accounting 15. 1 (2011): 24-49. The supply and demand for strategic information Bukh, Per Nikolaj; Nielsen, Christian. Journal of HRCA : Human Resource Costing & Accounting 15. 1 (2011): 50-77.  JOURNAL OF INTERNATIONAL FINANCIAL MANAGEMENT & ACCOUNTING The Impact and Importance of Mandatory Adoption of International Financial Reporting Standards in Europe.Detail Only Available By: Aubert, François; Grudnitski, Gary. Journal of International Financial Management & Accounting, Spring2011, Vol. 22 Issue 1, p1-26, 26p 99 VADEMÉCUM Ven conmigo Asymmetric Foreign Currency Exposures and Derivatives Use: Evidence from France.Detail Only Available By: Clark, Ephraim; Mefteh, Salma. Journal of International Financial Management & Accounting, Spring2011, Vol. 22 Issue 1, p27-45, 19p Global Warming Disclosures: Impact of Kyoto Protocol Across Countries.Detail Only Available By: Freedman, Martin; Jaggi, Bikki. Journal of International Financial Management & Accounting, Spring2011, Vol. 22 Issue 1, p46-90, 45p An Analysis of the Inward Cross-Border Mergers and Acquisitions in the U.K.: A Macroeconomic Perspective.Detail Only Available By: Boateng, Agyenim; Naraidoo, Ruthira; Uddin, Moshfique. Journal of International Financial Management & Accounting, Summer2011, Vol. 22 Issue 2, p91-113, 23p Price Behavior of Qualified Companies around the Audit Report and Report Announcement Days: The Case of Taiwan.Detail Only Available By: Hsu, Junming; Young, Weiju; Chu, Ching-Hui. Journal of International Financial Management & Accounting, Summer2011, Vol. 22 Issue 2, p114-130, 17p An Examination of the Naïve-Investor Hypothesis in Accruals Mispricing in Tunisian Firms.Detail Only Available By: Khanchel El Mehdi, Imen. Journal of International Financial Management & Accounting, Summer2011, Vol. 22 Issue 2, p131-164, 34p  QUALITATIVE RESEARCH IN ACCOUNTING &MANAGEMENT Mixed methods research in accounting Grafton, Jennifer; Lillis, Anne M; Mahama, Habib. Qualitative Research in Accounting and Management 8. 1 (2011): 5-21 Mixed methods research: don't - "just do it" De Loo, Ivo; Lowe, Alan. Qualitative Research in Accounting and Management 8. 1 (2011): 22-38 Threats to validity and reliability in mixed methods accounting research Eeva-Mari Ihantola; LiliAnne Kihn. Qualitative Research in Accounting and Management 8. 1 (2011): 39-58. Lessons learned: advantages and disadvantages of mixed method research Malina, Mary A; Hanne S.O. Nørreklit; Selto, Frank H. Qualitative Research in Accounting and Management 8. 1 (2011): 5971 Applying mixed methods research in evaluating clinical trials Murphy, Lyn; Maguire, William. Qualitative Research in Accounting and Management 8. 1 (2011): 72-90 Mixed methods: a reflection of its adoption in environmental reporting Tracy-Anne De Silva. Qualitative Research in Accounting and Management 8. 1 (2011): 91-104. Relating performative and ostensive management accounting research: Reflections on case study methodology Hansen, Allan. Qualitative Research in Accounting and Management 8. 2 (2011): 108138 100 VADEMÉCUM Ven conmigo The views of managers from a local coastal council on sustainability reporting issues: An Australian-based case study Sciulli, Nick. Qualitative Research in Accounting and Management 8. 2 (2011): 139-160. Motivation, pay satisfaction, and job satisfaction of front-line employees Stringer, Carolyn; Didham, Jeni; Theivananthampillai, Paul. Qualitative Research in Accounting and Management 8. 2 (2011): 161-179. The diffusion of activity-based costing in Jordanian industrial companies Nassar, Mahmoud; Husam Aldeen Al-Khadash; Sangster, Alan. Qualitative Research in Accounting and Management 8. 2 (2011): 180-200.  RESEARCH IN ACCOUNTING REGULATION Assessing the effectiveness of financial reporting harmonization for emerging market banks: The case of Banco Serfin Pages 1-19 Alejandro Hazera, Salvador Marín Hernández, Kevin T. Stevens, Eliecer Campos Cárdenas, Henry Schwarzbach Credit ratings and disclosure channels Pages 20-33 Frank Heflin, Kenneth W. Shaw, John J. Wild The academic community’s participation in global accounting standard-setting Pages 34-45 Robert K. Larson, Paul J. Herz Does executive compensation incentivize managers to create effective internal control systems? Pages 46-59 Theresa F. Henry, John J. Shon, Renee E. Weiss Measuring audit quality of local governments in England and Wales Pages 60-66 Gary Giroux, Rowan Jones Improving consistency in interpreting SFAS 5 probability phrases Pages 67-70 Ning Du, Kevin T. Stevens, John E. McEnroe Has the likelihood of appointing a CEO with an accounting/finance background changed in the post-Sarbanes Oxley era? Pages 71-77 Charles P. Cullinan, Pamela B. Roush 101 VADEMÉCUM Ven conmigo The effects of audit firm rotation on perceived auditor independence and audit quality Pages 78-82 Bobbie W. Daniels, Quinton Booker Auditor independence and the public interest: Evidence from Hong Kong Pages 83-84 Philip Law  REVIEW OF ACCOUNTING AND FINANCE Corporate governance attributes and remediation of internal control material weaknesses reported under SOX Section 404 Mitra, Santanu; Hossain, Mahmud. Review of Accounting & Finance 10. 1 (2011): 5-29 Auditors' going-concern judgments: rigid, adaptive, or both? Rosman, Andrew J. Review of Accounting & Finance 10. 1 (2011): 30-45 The use of financial information by private equity funds in evaluating new investments Smolarski, Jan; Wilner, Neil; Yang, Weifang. Review of Accounting & Finance 10. 1 (2011): 46-68 Measuring flight to quality: a local correlation analysis A. Can Inci; Li, H C; McCarthy, Joseph. Review of Accounting & Finance 10. 1 (2011): 69-87 SFAS No. 159 Xu, Li; Tang, Alex. Review of Accounting & Finance 10. 2 (2011): 92-109 Outside CEO directors on compensation committees: whose side are they on? Li, Haidan; Qian, Yiming. Review of Accounting & Finance 10. 2 (2011): 110-133 Apparent audit failures and value relevance of earnings and book value Dang, Li; Brown, Kevin F; McCullough, B D. Review of Accounting & Finance 10. 2 (2011): 134-154 Changes in the predictive ability of earnings around earnings restatements Hee, Kevin W. Review of Accounting & Finance 10. 2 (2011): 155-175 Corporate diversification and earnings management Imen Khanchel El Mehdi; Seboui, Souad. Review of Accounting & Finance 10. 2 (2011): 176-196  REVIEW OF ACCOUNTING STUDIES Market Reaction to and Valuation of IFRS Reconciliation Adjustments: First Evidence from the UKDetail Only Available Horton, Joanne; Serafeim, George; Review of Accounting Studies, December 2010, v. 15, iss. 4, pp. 725-51 The New Form 8-K DisclosuresDetail Only Available Lerman, Alina; Livnat, Joshua; Review of Accounting Studies, December 2010, v. 15, iss. 4, pp. 752-78 102 VADEMÉCUM Ven conmigo The Usefulness of Accounting Estimates for Predicting Cash Flows and EarningsDetail Only Available Lev, Baruch; Li, Siyi; Sougiannis, Theodore; Review of Accounting Studies, December 2010, v. 15, iss. 4, pp. 779-807 The Use of Advertising Activities to Meet Earnings Benchmarks: Evidence from Monthly DataDetail Only Available Cohen, Daniel; Mashruwala, Raj; Zach, Tzachi; Review of Accounting Studies, December 2010, v. 15, iss. 4, pp. 808-32 Asymmetric Valuation of Sustained Growth by Bond- and Equity-HoldersDetail Only Available Elliott, John A.; Ghosh, Aloke; Moon, Doocheol; Review of Accounting Studies, December 2010, v. 15, iss. 4, pp. 833-78 Within-Industry Timing of Earnings Warnings: Do Managers Herd?Detail Only Available Tse, Senyo; Tucker, Jennifer Wu; Review of Accounting Studies, December 2010, v. 15, iss. 4, pp. 879-914 Management's Tone Change, Post Earnings Announcement Drift and AccrualsDetail Only Available Feldman, Ronen; Govindaraj, Suresh; Livnat, Joshua; Segal, Benjamin; Review of Accounting Studies, December 2010, v. 15, iss. 4, pp. 915-53  REVIEW OF QUANTITATIVE FINANCE AND ACCOUNTING Informed traders of cross-listed shares trade more in the domestic market around earnings releases.Detail Only Available By: Kryzanowski, Lawrence; Lazrak, Skander. Review of Quantitative Finance & Accounting, Jan2011, Vol. 36 Issue 1, p1-31, 31p Value relevance of banks: global evidence.Detail Only Available By: Anandarajan, Asokan; Francis, Bill; Hasan, Iftekhar; John, Kose. Review of Quantitative Finance & Accounting, Jan2011, Vol. 36 Issue 1, p33-55, 23p Tick size, market structure, and market quality.Detail Only Available By: Chung, Kee; Kang, Jangkoo; Kim, Joon-Seok. Review of Quantitative Finance & Accounting, Jan2011, Vol. 36 Issue 1, p5781, 25p Pricing and hedging volatility smile under multifactor interest rate models.Detail Only Available By: Kuo, I.-Doun. Review of Quantitative Finance & Accounting, Jan2011, Vol. 36 Issue 1, p83-104, 22p Earnings versus capital ratios management: role of bank types and SFAS 114.Detail Only Available By: Alali, Fatima; Jaggi, Bikki. Review of Quantitative Finance & Accounting, Jan2011, Vol. 36 Issue 1, p105-132, 28p Revisiting corporate dividends and seasoned equity issues.Detail Only Available By: Wang, Yanzhi; Chen, Sheng-Syan; Cheng, Yen-Ting. Review of Quantitative Finance & Accounting, Jan2011, Vol. 36 Issue 1, p133-151, 19p 103 VADEMÉCUM Ven conmigo Accounting and stock market effects of international accounting standards adoption in an emerging economy.Detail Only Available By: Elbannan, Mohamed. Review of Quantitative Finance & Accounting, Feb2011, Vol. 36 Issue 2, p207-245, 39p An analysis of risk-based asset allocation and portfolio insurance strategies.Detail Only Available By: Ho, Lan-chih; Cadle, John; Theobald, Michael. Review of Quantitative Finance & Accounting, Feb2011, Vol. 36 Issue 2, p247-267, 21p Optimization, cointegration and diversification gains from international portfolios: an out-ofsample analysis.Detail Only Available By: Phengpis, Chanwit; Swanson, Peggy. Review of Quantitative Finance & Accounting, Feb2011, Vol. 36 Issue 2, p269-286, 18p Analysis of efficient markets.Detail Only Available By: Harel, Arie; Harpaz, Giora; Francis, Jack. Review of Quantitative Finance & Accounting, Feb2011, Vol. 36 Issue 2, p287-296, 10p Managerial entrenchment and the value of dividends.Detail Only Available By: Lee, Woo-Jong. Review of Quantitative Finance & Accounting, Feb2011, Vol. 36 Issue 2, p297-322, 26p Technical trading rules for nonlinear dynamics of stock returns: evidence from the G-7 stock markets.Detail Only Available By: Choe, Kwang-il; Krausz, Joshua; Nam, Kiseok. Review of Quantitative Finance & Accounting, Apr2011, Vol. 36 Issue 3, p323-353, 31p Intraday return spillovers and its variations across trading sessions.Detail Only Available By: Chang, Chia-Ching; Chen, Sheng-Syan; Chou, Robin; Hsin, Chin-Wen. Review of Quantitative Finance & Accounting, Apr2011, Vol. 36 Issue 3, p355-390, 36p The corporate choice between public debt, bank loans, traditional private debt placements, and 144A debt issues.Detail Only Available By: Arena, Matteo. Review of Quantitative Finance & Accounting, Apr2011, Vol. 36 Issue 3, p391-416, 26p Investor pricing of CEO equity incentives.Detail Only Available By: Boone, Jeff; Khurana, Inder; Raman, K.. Review of Quantitative Finance & Accounting, Apr2011, Vol. 36 Issue 3, p417-435, 19p The value relevance of IFRS in the European banking industry.Detail Only Available By: Agostino, Mariarosaria; Drago, Danilo; Silipo, Damiano. Review of Quantitative Finance & Accounting, Apr2011, Vol. 36 Issue 3, p437-457, 21p Repricing of executive stock options.Detail Only Available By: Yang, Jerry; Carleton, Willard. Review of Quantitative Finance & Accounting, Apr2011, Vol. 36 Issue 3, p459-490, 32p The advantages of using quarterly returns for long-term event studies.Detail Only Available By: Bremer, Ronald; Buchanan, Bonnie; English, Philip. Review of Quantitative Finance & Accounting, May2011, Vol. 36 Issue 4, p491-516, 26p A flow-based corporate credit model.Detail Only Available By: Chen, Tsung-Kang; Liao, HsienHsing; Lu, Chia-Wu. Review of Quantitative Finance & Accounting, May2011, Vol. 36 Issue 4, p517532, 16p 104 VADEMÉCUM Ven conmigo The reputation effect of venture capital.Detail Only Available By: Shu, Pei-Gi; Yeh, Yin-Hua; Chiu, Shean-Bii; Ho, Fu-Sheng. Review of Quantitative Finance & Accounting, May2011, Vol. 36 Issue 4, p533-554, 22p Investment with network externality under uncertainty.Detail Only Available By: Lu, Chia-Chi; Hung, Weifeng; Sheu, Jyh-Jian; Shih, Pai-Ta. Review of Quantitative Finance & Accounting, May2011, Vol. 36 Issue 4, p555-564, 10p Credit risk prediction using support vector machines.Detail Only Available By: Trustorff, JanHenning; Konrad, Paul; Leker, Jens. Review of Quantitative Finance & Accounting, May2011, Vol. 36 Issue 4, p565-581, 17p Forecasting stock price with the residual income model.Detail Only Available By: Higgins, Huong. Review of Quantitative Finance & Accounting, May2011, Vol. 36 Issue 4, p583-604, 22p  REVISTA DE CONTABILIDAD – SPANISH ACCOUNTING REVIEW ANTHONY G. HOPWOOD (1944-2010), SU INFLUENCIA EN ESPAÑA. (Spanish)Full Text Available By: CARMONA, SALVADOR. Revista de Contabilidad - Spanish Accounting Review, 2010, Vol. 13 Issue 2, p169-174, 6p TREINTA AÑOS DE INVESTIGACIÓN EN CONTABILIDAD Y GESTIÓN PÚBLICA EN ESPAÑA. (Spanish)Full Text Available / THIRTY YEARS OF RESEARCH IN PUBLIC SECTOR ACCOUNTING AND MANAGEMENT IN SPAIN. (English) By: BRUSCA, ISABEL. Revista de Contabilidad - Spanish Accounting Review, 2010, Vol. 13 Issue 2, p175-209, 35p LA AUDITORIA DE COSTES Y PRECIOS COMO INSTRUMENTO DE RACIONALIZACIÓN DEL GASTO PÚBLICO DE DEFENSA EN ESPAÑA. (Spanish)Full Text Available / COST AND PRICE AUDITING AS A TOOL FOR PUBLIC EXPENDITURE RATIONALIZATION OF DEFENSE IN SPAIN. (English) By: ROMERO, JOSÉ AGUADO; HERNÁNDEZ, ANTONIO M. LÓPEZ; RÍOS, SIMÓN VERA. Revista de Contabilidad - Spanish Accounting Review, 2010, Vol. 13 Issue 2, p211-238, 28p FACTORES EXPLICATIVOS DE LA PRESIÓN FISCAL MUNICIPAL. (Spanish)Full Text Available / EXPLANATORY FACTORS OF THE MUNICIPAL FISCAL BURDEN. (English) By: BENITO, BERNARDINO; BASTIDA, FRANCISCO; MUÑOZ, Ma JOSÉ. Revista de Contabilidad - Spanish Accounting Review, 2010, Vol. 13 Issue 2, p239-283, 45p LA DIVULGACIÓN DE INFORMACIÓN SOBRE RESPONSABILIDAD CORPORATIVA EN ADMINISTRACIONES PÚBLICAS: UN ESTUDIO EMPÍRICO EN GOBIERNOS LOCALES. (Spanish)Full Text Available / THE DISCLOSURE OF CORPORATE SOCIAL RESPONSIBILITY INFORMATION IN PUBLIC ADMINISTRATIONS: AN EMPIRICAL STUDY IN LOCAL GOVERNMENTS. (English) By: NAVARRO, ANDRÉS; ALCARAZ, FRANCISCO JOSÉ; ORTIZ, DAVID. Revista de Contabilidad - Spanish Accounting Review, 2010, Vol. 13 Issue 2, p285-314, 30p; 105 VADEMÉCUM Ven conmigo  STRATEGIC FINANCE Sharing Some Global Perspectives.Full Text Available By: Richtermeyer, Sandra B.. Strategic Finance, Jan2011, Vol. 92 Issue 7, p6-12, 2p Let's Talk about the CPA.Full Text Available By: Thomson, Jeffrey C.. Strategic Finance, Jan2011, Vol. 92 Issue 7, p8-61, 2p How an Embezzler Stole Millions from a Small Company.Full Text Available By: Verschoor, Curtis C.. Strategic Finance, Jan2011, Vol. 92 Issue 7, p13-61, 3p Keeping Your 2011 Career Resolutions.Full Text Available By: Morgan, Mark. Strategic Finance, Jan2011, Vol. 92 Issue 7, p15-17, 3p One Problem, Three Fixes.Full Text Available By: Pounder, Bruce. Strategic Finance, Jan2011, Vol. 92 Issue 7, p19-61, 5p SF bulletin.Full Text Available By: Barlas, Stephen; Bollinger, Michael; Whitney, Dennis. Strategic Finance, Jan2011, Vol. 92 Issue 7, p23-27, 5p When a Higher Price Pays Off.Full Text Available (cover story) By: Lockhart, Julie; Taylor, Audrey; Levetsovitis, Brenda; Thomas, Karl; Wise, Jason. Strategic Finance, Jan2011, Vol. 92 Issue 7, p29-35, 7p Grooming the Next Generation.Full Text Available By: Henry, Kasthuri V.. Strategic Finance, Jan2011, Vol. 92 Issue 7, p37-42, 6p Why Cloud Computing Matters to Finance.Full Text Available By: Gill, Ron. Strategic Finance, Jan2011, Vol. 92 Issue 7, p43-47, 5p Shedding New Light on Auditor Switching.Full Text Available By: Brazel, Joseph F.; Bradford, Marianne. Strategic Finance, Jan2011, Vol. 92 Issue 7, p49-53, 5p Blank Cells Become Zero in a Formula Result.Full Text Available By: Jelen, Bill. Strategic Finance, Jan2011, Vol. 92 Issue 7, p54-55, 2p The Master Budget Project: Communicating the Design.Full Text Available By: Cox, Patricia. Strategic Finance, Jan2011, Vol. 92 Issue 7, p56-57, 2p A First-Decade Book Check.Full Text Available By: Castelluccio, Michael. Strategic Finance, Jan2011, Vol. 92 Issue 7, p59-60, 2p Thought Leadership through Meaningful Research.Full Text Available By: Richtermeyer, Sandra B.. Strategic Finance, Feb2011, Vol. 92 Issue 8, p6-61, 2p 106 VADEMÉCUM Ven conmigo The Third Time's a Trend.Full Text Available By: Gullickson, Betsy Raskin. Strategic Finance, Feb2011, Vol. 92 Issue 8, p8-9, 2p The Case for Succession Planning.Full Text Available By: Chavez, Jodi. Strategic Finance, Feb2011, Vol. 92 Issue 8, p15-16, 2p Pharma Ethics Code Isn't Working!Full Text Available By: Verschoor, Curtis C.. Strategic Finance, Feb2011, Vol. 92 Issue 8, p17-61, 3p The Trouble with Troubled-Debt Standards.Full Text Available By: Pounder, Bruce. Strategic Finance, Feb2011, Vol. 92 Issue 8, p19-21, 3p Exemption for Swap Clearing Proposed.Full Text Available By: Barlas, Stephen. Strategic Finance, Feb2011, Vol. 92 Issue 8, p22-22, 3/4p Resource Extraction Reporting Rules.Full Text Available Strategic Finance, Feb2011, Vol. 92 Issue 8, p22-22, 1/4p Framework for Emerging Markets.Full Text Available By: Thompson, Lance A.. Strategic Finance, Feb2011, Vol. 92 Issue 8, p23-23, 1p IT Control Weaknesses UNDERMINE THE Information Value Chain.Full Text Available By: Klamm, Bonnie K.; Watson, Marcia Weidenmier. Strategic Finance, Feb2011, Vol. 92 Issue 8, p39-45, 7p The Road to Convergence.Full Text Available By: Charron, Kimberly; Moores, Tommy. Strategic Finance, Feb2011, Vol. 92 Issue 8, p46-51, 6p Three Ways to Highlight Outliers.Full Text Available By: Jelen, Bill. Strategic Finance, Feb2011, Vol. 92 Issue 8, p52-53, 2p The Master Budget Project: Development and Testing Plan.Full Text Available By: Cox, Patricia. Strategic Finance, Feb2011, Vol. 92 Issue 8, p54-55, 2p XBRL and Its Impact on Corporate Tax Departments.Full Text Available By: Monterio, Brad J.. Strategic Finance, Feb2011, Vol. 92 Issue 8, p56-61, 3p Successful Succession Planning.Full Text Available By: Richtermeyer, Sandra B.. Strategic Finance, Jun2011, Vol. 92 Issue 12, p6-19, 2p The British Are Coming...with New Bribery Rules.Full Text Available By: Verschoor, Curtis C.. Strategic Finance, Jun2011, Vol. 92 Issue 12, p12-69, 3p Building Skill Excellence.Full Text Available By: Morgan, Mark. Strategic Finance, Jun2011, Vol. 92 Issue 12, p16-19, 4p 107 VADEMÉCUM Ven conmigo Treasury Eases Concerns about Foreign Exchange Derivatives.Full Text Available By: Barlas, Stephen. Strategic Finance, Jun2011, Vol. 92 Issue 12, p20-20, 1p The Means to Differentiation.Full Text Available By: Bollinger, Michael A.. Strategic Finance, Jun2011, Vol. 92 Issue 12, p21-21, 1p IMA 2010 SALARY SURVEY.Full Text Available (cover story) By: Schiffel, Lee; Smith, Kenneth A.; Schroeder, David L.. Strategic Finance, Jun2011, Vol. 92 Issue 12, p26-46, 21p Why a Good Derivatives Policy Could Protect Your Job.Full Text Available By: Kelley, Ann Galligan. Strategic Finance, Jun2011, Vol. 92 Issue 12, p47-49, 3p The Evolution and Growth of CORPORATE CONTROL SYSTEMS.Full Text Available By: Shortridge, Rebecca Toppe; Yu, Shaokun Carol. Strategic Finance, Jun2011, Vol. 92 Issue 12, p51-55, 5p Attract and Retain Top Talent.Full Text Available By: Porter, Julie Hagan. Strategic Finance, Jun2011, Vol. 92 Issue 12, p56-61, 5p Using Sparklines to Visualize Your Data.Full Text Available By: Jelen, Bill. Strategic Finance, Jun2011, Vol. 92 Issue 12, p62-63, 2p The Master Budget Project: Creating the Navigation Structure.Full Text Available By: Cox, Patricia. Strategic Finance, Jun2011, Vol. 92 Issue 12, p64-65, 2p  ACCOUNTING HISTORY Operating regimes of the government: Accounting and accountability changes in the Sultan Süleyman Waqf of the Ottoman Empire (The 1826 Experience) Yayla, Hilmi Erdogan. Accounting History 16. 1 (Feb 2011): 5-34 Assessing female wealth in nineteenth century Milan, Italy Licini, Stefania. Accounting History 16. 1 (Feb 2011): 35-54 Physiognomy of a Corte organization: How power shaped management and accounting at the Estense Corte in Ferrara, Italy, from 1385 to 1471 Maran, Laura; Vagnoni, Emidia. Accounting History 16. 1 (Feb 2011): 55-85 Agency reversal and the steward's lot when discharge exceeds charge: English archival evidence, 1739-1890 Baker, Mae; Eadsforth, Caroline. Accounting History 16. 1 (Feb 2011): 87-109 A research note on accounting in Brazil in the context of political, economic and social transformations, 1860-1964 Rodrigues, Lúcia Lima; Schmidt, Paulo; dos Santos, José Luis; Fonseca, Pedro Cezar Dutra. Accounting History 16. 1 (Feb 2011): 111-123. 108 VADEMÉCUM Ven conmigo Colleges of advanced education in Australia - a lasting legacy: A history of accounting education in Australian colleges of advanced education Gibson, Robert W. Accounting History 16. 1 (Feb 2011): 125-126 Principles before standards: The ICAEW's "N Series" of recommendations on accounting principles 1942-1969 Heazlewood, Terry. Accounting History 16. 1 (Feb 2011): 127-128. Histories of accounting research - an introduction Richardson, Alan J; Young, Joni J. Accounting History 16. 2 (May 2011): 133-137 ndigenous peoples in the accounting literature: Time for a plot change and some Canadian suggestions Buhr, Nola. Accounting History 16. 2 (May 2011): 139-160. Cite and seek: Exploring accounting history through citation analysis of the specialist accounting history journals, 1996 to 2008 Bisman, Jayne Elizabeth. Accounting History 16. 2 (May 2011): 161183 Accounting at the London School of Economics: Opportunity lost? Napier, Christopher J. Accounting History 16. 2 (May 2011): 185-205 A genealogical history of positivist and critical accounting research Baker, C Richard. Accounting History 16. 2 (May 2011): 207-221. ACCOUNTING HISTORY SPECIAL INTEREST GROUP 2010 Manuscript Award Anonymous. Accounting History 16. 2 (May 2011): 224.  JOURNAL OF ACCOUNTING EDUCATION The incidence of documented standards for research in departments of accounting at US institutions Pages 43-57 Kenton B. Walker, Gary M. Fleischman, Teresa Stephenson Negative behaviors that impede learning: Survey findings from award-winning accounting educators Pages 58-74 David E. Stout, Donald E. Wygal The association between accounting students’ lone wolf tendencies and their perceptions, preferences and performance outcomes in team projects Pages 75-84 Premila Gowri Shankar, Jean Lin Seow he causes of misapplied capacity related manufacturing costs and corresponding reporting implications: A conceptual perspective Pages 85-102 109 VADEMÉCUM Ven conmigo Kenneth Snead, David Stott, Andy Garcia Teaching financial literacy in a co-curricular service-learning model Pages 103-113 Laura D. DeLaune, Jessica S. Rakow, K.C. Rakow Where were the auditors? Using AAERs in introductory or advanced auditing courses Pages 114-127 James C. Hansen Raleigh building products: A teaching case that highlights the differences between IFRS and US GAAP Pages 128-137 Natalie Tatiana Churyk, Alan Reinstein, Guy M. Gross  INTERNATIONAL JOURNAL OF GOVERNMENT AUDITING Goal 1 Report: Accountability and Professional Standards Anonymous. International Journal of Government Auditing 38. 1 (Jan 2011): 8-16 Goal 2 Report: Institutional Capacity Building Anonymous. International Journal of Government Auditing 38. 1 (Jan 2011): 17-20 Goal 3 Report: Knowledge Sharing Anonymous. International Journal of Government Auditing 38. 1 (Jan 2011): 21-30 Goal 4 Report: Finance and Administration Committee Anonymous. International Journal of Government Auditing 38. 1 (Jan 2011): 31-35 The Johannesburg Accords Anonymous. International Journal of Government Auditing 38. 1 (Jan 2011): 39-61 Building the Professional, Organizational, and Institutional Capacity of SAIs El Midaoui, Ahmed. International Journal of Government Auditing 38. 2 (Apr 2011): 1-4 NEWS IN brief Anonymous. International Journal of Government Auditing 38. 2 (Apr 2011): 5-13. INTOSAI Standards and Capacity Building: A Case Study from the Chamber of Control of Georgia Porzucek, Jens. International Journal of Government Auditing 38. 2 (Apr 2011): 14-18. The Importance of an Independent Standard-Setting Process Anonymous. International Journal of Government Auditing 38. 2 (Apr 2011): 19-22 Spotlight on ISSAIs Matthiasen, Mette. International Journal of Government Auditing 38. 2 (Apr 2011): 23-24 110 VADEMÉCUM Ven conmigo  ACADEMY OF ACCOUNTING AND FINANCIAL STUDIES JOURNAL TRANSPARENCY IN FINANCIAL REPORTING: A LOOK AT RULES-BASED VERSUS PRINCIPLES-BASED STANDARDS.Full Text Available By: Phillips Jr., Thomas J.; Drake, Andrea; Luehlfing, Michael S.. Academy of Accounting & Financial Studies Journal, Sep2010, Vol. 14 Issue 4, p11-28, 18p MUTUAL FUND PERFORMANCE PERSISTENCE: STILL TRUE?Full Text Available By: Fortin, Rich; Michelson, Stuart. Academy of Accounting & Financial Studies Journal, Sep2010, Vol. 14 Issue 4, p29-41, 13p FACTORS ASSOCIATED IN HOUSING MARKET DYNAMICS: AN EXPLORATORY LONGITUDINAL ANALYSIS.Full Text Available By: Choudhury, Askar. Academy of Accounting & Financial Studies Journal, Sep2010, Vol. 14 Issue 4, p43-54, 12p HAS THE ADOPTION OF SFAS 158 CAUSED FIRMS TO UNDERESTIMATE PENSION LIABILITY? A PRELIMINARY STUDY OF THE FINANCIAL REPORTING IMPACT OF SFAS 158.Full Text Available By: Houmes, Robert; Boylan, Bob. Academy of Accounting & Financial Studies Journal, Sep2010, Vol. 14 Issue 4, p55-66, 12p WHY DO ANALYSTS ISSUE LONG-TERM EARNINGS GROWTH FORECASTS? AN EMPIRICAL ANALYSIS.Full Text Available By: Wang, Huabing (Barbara). Academy of Accounting & Financial Studies Journal, Sep2010, Vol. 14 Issue 4, p67-86, 20p, CODE COMPREHENSION AND AGGRESSIVENESS AMONG CORPORATE TAX EXECUTIVES: THE IMPACT OF CERTIFICATION AND LICENSURE.Full Text Available By: Cleaveland, M. Catherine; Epps, Kathryn K.; Bradley, Cassie F.. 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Accounting & Management Information Systems / Contabilitate si Informatica de Gestiune, 2011, Vol. 9 Issue 4, p524-538, 15p, 111 VADEMÉCUM Ven conmigo LOCAL ACCOUNTING CULTURE FACING GLOBALIZATION: THE CASE OF ROMANIA'S "PATRIMONIALITY" PRINCIPLE.Full Text Available By: Ionaşcu, Ion; Ionaşcu, Mihaela; Minu, Mihaela; Săcărin, Marian. Accounting & Management Information Systems / Contabilitate si Informatica de Gestiune, 2011, Vol. 9 Issue 4, p539-557, 19p INFLUENTIAL FACTORS OF ACCOUNTING STUDENTS' ACADEMIC PERFORMANCE: A ROMANIAN CASE STUDY.Full Text Available By: Bonaci, Carmen Giorgiana; Muţiu, Alexandra; Mustaţă, Răzvan V.. Accounting & Management Information Systems / Contabilitate si Informatica de Gestiune, 2011, Vol. 9 Issue 4, p558-580, 23p ACCOUNTING DISCLOSURE SCENARIO: AN EMPIRICAL STUDY OF THE BANKING SECTOR OF BANGLADESH.Full Text Available By: Ahmed, Alim Al Ayub; Dey, Madan Mohan. Accounting & Management Information Systems / Contabilitate si Informatica de Gestiune, 2011, Vol. 9 Issue 4, p581602, 22p A NEW BUSINESS DIMENSION - BUSINESS ANALYTICS.Full Text Available By: Năstase, Pavel; Stoica, Dragoş. Accounting & Management Information Systems / Contabilitate si Informatica de Gestiune, 2011, Vol. 9 Issue 4, p603-618, 16p THE CAPACITY OF THE ADMINISTRATOR. OBLIGATIONS. LIABILITY. COMMON PROVISIONS FOR BOTH UNITARY AND DUAL SYSTEMS.Full Text Available By: Stoica, Camelia Florentina; Cristea, Silvia. Accounting & Management Information Systems / Contabilitate si Informatica de Gestiune, 2011, Vol. 9 Issue 4, p619-628, 10p  ACCOUNTING AND THE PUBLIC INTEREST Emissions Allowances: Accounting and Public Policy Issues Cecily Raiborn, Marc Massoud. Accounting and the Public Interest. Sarasota: 2010. Vol. 10; p. 105 (17 pages Ethics and the Tax Profession: Restoring the Public Interest Focus Martin Stuebs, Brett Wilkinson. Accounting and the Public Interest. 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Vol. 10; p. 57 (31 pages)  ACCOUNTING EDUCATION NEWS A Few Words... from the Executive Director Tracey Sutherland. Accounting Education News. Sarasota: Winter 2011. Vol. 39, Iss. 1; p. 15 A Time of Change with...A Look to the Future Kevin Stocks. Accounting Education News. Sarasota: Winter 2011. Vol. 39, Iss. 1; p. 3 Accounting Doctoral Scholars Program Update Anonymous. Accounting Education News. Sarasota: Winter 2011. Vol. 39, Iss. 1; p. 8 Accounting Hall of Fame Anonymous. Accounting Education News. Sarasota: Winter 2011. Vol. 39, Iss. 1; p. 9 Accounting Program Leaders: Sponsor Your Ph.D. Students' AAA Membership Anonymous. Accounting Education News. Sarasota: Winter 2011. Vol. 39, Iss. 1; p. 14 Faculty Development Update: Helping Students Learn by Experience Bob Allen. Accounting Education News. Sarasota: Winter 2011. Vol. 39, Iss. 1; p. 10 In Memorium: Alvin A. Arens 1935-2010 Susan F Haka. Accounting Education News. Sarasota: Winter 2011. Vol. 39, Iss. 1; p. 12 In Memorium: Eldon S. Hendriksen 1917 - 2001 Stephen A Zeff. Accounting Education News. Sarasota: Winter 2011. Vol. 39, Iss. 1; p. 12  ACCOUNTING, BUSINESS AND FINANCIAL HISTORY The current value-based balance sheet in the context of east Asian colonial management: the case of the Oriental Colonization Company.Detail Only Available By: Noguchi, Masayoshi; Kanamori, Eri. Accounting, Business & Financial History, Nov2010, Vol. 20 Issue 3, p271-301, 31p Accounting in disaster and accounting for disaster: the crisis of the Great Kanto Earthquake, Japan, 1923.Detail Only Available By: Shimizu, Yasuhiro; Fujimura, Satoshi. Accounting, Business & Financial History, Nov2010, Vol. 20 Issue 3, p303-316, 14p The dual audit system for joint stock companies in Japan.Detail Only Available By: Matsumoto, Yoshinao; Previts, Gary John. Accounting, Business & Financial History, Nov2010, Vol. 20 Issue 3, p317-326, 10p 113 VADEMÉCUM Ven conmigo The emergence of uniform principles of cost accounting in Sweden 1900-36.Detail Only Available By: Segelod, Esbjorn; Carlsson, Leif. Accounting, Business & Financial History, Nov2010, Vol. 20 Issue 3, p327-363, 37p Transfer pricing: early Italian contributions.Detail Only Available By: Mura, Alessandro; Emmanuel, Clive. Accounting, Business & Financial History, Nov2010, Vol. 20 Issue 3, p365-383, 19p Management, finance and cost control in the Midlands charcoal iron industry.Detail Only Available By: King, P. W.. Accounting, Business & Financial History, Nov2010, Vol. 20 Issue 3, p385-412, 28p Accountancy and empire. The British legacy of professional organization.Detail Only Available By: Parker, Robert H.. Accounting, Business & Financial History, Nov2010, Vol. 20 Issue 3, p413-415, 3p Principles before standards. The ICAEW's 'N Series' of recommendations on accounting principles 1942.Detail Only Available By: Edwards, John Richard. Accounting, Business & Financial History, Nov2010, Vol. 20 Issue 3, p415-417, 3p This time is different: eight centuries of financial folly.Detail Only Available By: Billings, Mark. Accounting, Business & Financial History, Nov2010, Vol. 20 Issue 3, p417-420, 4p  ACCOUNTING PERSPECTIVES A Case of Academic Misconduct: Does Self-Interest Rule?Detail Only Available By: JONES, JOANNE; SPRAAKMAN, GARY. Accounting Perspectives, Mar2011, Vol. 10 Issue 1, p1-22, 22p Diffusion of Management Accounting Practices in Gulf Cooperation Council Countries.Detail Only Available By: JOSHI, PREM LAL; BREMSER, WAYNE G.; DESHMUKH, ASHUTOSH; KUMAR, RAJESH. Accounting Perspectives, Mar2011, Vol. 10 Issue 1, p23-53, 31p  ACTUALIDAD CONTABLE (VENEZUELA 2009) Las acepciones de “valor” en el marco de las Normas Internacionales de Información Financiera Castellanos S., Heiberg A. pdf en español Ética y tendencias de la disciplina contable De Nobrega, Fátima pdf en español La caída del modelo de inversión de Estados Unidos del 2008 Ferrer, María Alejandra pdf en españo Contabilidad y realidad: Una relación crítica bajo el enfoque de la representación Machado R., Marco A. pdf en español 114 VADEMÉCUM Ven conmigo La materialidad en la auditoría de estados financieros: Pasado, presente y futuro de un controvertido concepto Montoya del Corte, Javier; Martínez García, Francisco J.; Fernández-Laviada, Ana pdf en español Cambios en los fines de la seguridad social como consecuencia de las transformaciones en la organización del trabajo Rivas T., Frank E. pdf en español Adopción por primera vez de las NIIF: Un análisis teórico de la norma Rodríguez A., José Miguel pdf en español Problemática y desafíos actuales de la vinculación universidad empresa: El caso mexicano Saavedra G., María L. pdf en español El retorno a la teoría clásica del balance Sousa Fernández, Francisco pdf en español Valor pronóstico del k-ésimo período académico en el rendimiento de los alumnos de la FACESULA Varela, José Leonardo; Sinha, Surendra; Ponsot Balaguer, Ernesto; Valera, Jorge pdf en español La postura de los contadores públicos sobre la independencia Viloria, Norka pdf en español  CONTABILIDAD Y AUDITORIA (Argentina. 2008) La teoría contable, los contadores públicos y la filosofía Biondi, Mario PDF en español Un interesante cuestionario relativo a la posible medición del llamado fair value o valor razonable García Casella, Carlos Luis PDF en español – 81,4 Kb Algunas cuestiones en torno al encuadre epistemológico de la contabilidad Rodríguez de Ramírez, María del Carmen PDF en español – 138 Kb Reflexiones sobre la tasa de descuento para la medición del patrimonio corporativo en moneda corriente recuperable Chiquiar, Walter René y Kwasnycia, Patricia PDF en español La contabilidad: ciencia, tecnología o técnica? Arreghini, Hugo Ricardo PDF en español 115 VADEMÉCUM Ven conmigo Contabilidad ecoambiental. Registro de los efectos externos – un enfoque en los impactos ambientales y obtención del PEEB – producto ecológico empresarial bruto Pereira Leite Lancelotti, Fabiana PDF en español Auditoría de informes de responsabilidad social empresaria Carrizo, Gabriela Cristina PDF en español – 102 Kb  CONTABILIDAD Y NEGOCIOS (PERU 2009) Un caso de aplicación del sistema ABC en una empresa peruana: Frenosa PDF La inequidad en la distribución de la carga tributaria: Perú 1950-1980 Inequity in the Distribution of the Tax load: Peru 1950-1980. Héctor Omar Noejovich Chernoff PDF Algoritmo aplicado en el diálogo con los grupos de interés: un estudio de caso en una empresa del sector de turismo Anna María Gil Lafuente y Luciano Barcellos Paula PDF  CUADERNOS DE CONTABILIDAD (COLOMBIA 2009) Aproximación general para el análisis de tendencias en la contabilidad de gestión en Iberoamérica Jorge Andrés Salgado-Castillo Delitos informáticos y entorno jurídico vigente en Colombia Jorge Eliécer Ojeda-Pérez, Fernando Rincón-Rodríguez, Miguel Eugenio Arias-Flórez, Libardo Alberto Daza-Martínez Convergencia contable internacional: hacia un nuevo modelo de contabilización de arrendamientos Aracely del Socorro Sánchez-Serna, Édgar Emilio Salazar-Baquero Análisis de la norma internacional de contabilidad (NIIF/NIC) No. 8 (Políticas contables, cambios en las estimaciones contables y errores) y sus principales efectos en el Estatuto Tributario colombiano 123 Abel María Cano-Morales El papel de la contabilidad ante la actual realidad económica,social y política del país. Más allá de la convergencia de prácticas mundiales 149 116 VADEMÉCUM Ven conmigo Gabriel Rueda-Delgado Características de los investigadores relacionados con programas de contaduría pública y con temáticas relacionadas Ruth Alejandra Patiño-Jacinto, Alejandra Romero-Quiñones, Karen Giuliana Jara Identificación del impacto de la carga fiscal en las pyme de Bogotá, a partir del contexto latinoamericano, nacional y regional 201 José Jimmy Sarmiento-Morales Análisis de la percepción de ciudad-región (Bogotá–Cundinamarca) y de la gestión de mercadeo de los proyectos productivos de personas desplazadas asentadas en el municipio de Fusagasugá Erika Emilcen Buchelli-Aguirre  117 VADEMÉCUM Ven conmigo Autoridades Públicas DECRETO 566 DE 2010 (Diciembre 30) "Por el cual se reajusta para el año gravable 2011 la base gravable mínima del impuesto predial unificado de los predios a los cuales no se les ha fijado avalúo catastral" DECRETO 565 DE 2010 (Diciembre 30) "Por el cual se implementa para el año 2011 el mecanismo de aportes voluntarios" DECRETO 564 DE 2010 (Diciembre 30) "Por el cual se reajustan los valores absolutos expresados en moneda nacional en las normas relativas a los impuestos distritales para el año 2011" DECRETO 544 DE 2010 (Diciembre 28) "Por medio del cual se determinan los porcentajes de incremento de avalúos catastrales de conservación para el año 2011, en el Distrito Capital de Bogotá Comisión de Regulación de Energía y Gas Resolución 183 por la cual se ordena hacer público un proyecto de resolución que pretende adoptar la CREG con el fin de definir la metodología para la determinación de los costos máximos que deberán aplicar los municipios o distritos, para remunerar a los prestadores del servicio así como el uso de los activos vinculados al sistema de alumbrado público Superintendencia Nacional de Salud Resolución 002094 por medio de la cual se establece el cálculo del Margen de solvencia, para las Entidades Promotoras de Salud del régimen subsidiado Instituto Geográfico Agustín Codazzi Resolución 1166 por la cual se adopta el Número Predial Nacional para todas las autoridades catastrales del país Ministerio de Minas y Energía Resolución 0124663 por la cual se establece la metodología para la fijación de tarifas para la ampliación de la capacidad de oleoductos en operación Decreto 4839 Por el cual se reajustan los valores absolutos del Impuesto sobre Vehículos Automotores de que trata el artículo 145 de la Ley 488 de 1998, para el año gravable 2011. Decreto 4838 Por el cual se reglamentan los artículos 525 y 550 del Estatuto Tributario. Decreto 4837 Por el cual se reglamentan los artículos 70 y 73 del Estatuto Tributario. Decreto 4836 Por el cual se fijan los lugares y plazos para la presentación de las declaraciones tributarias y para el pago de los impuestos, anticipas y retenciones en la fuente y se dictan otras disposiciones. Decreto 4835 Por el cual se establece el auxilio de transporte Decreto 4834 Por el cual se fija el salario mínimo legal Decreto 4818 Por el cual se determinan los porcentajes de incremento de los avalúos catastrales para la vigencia de 2011. Decreto 4715 "Por el cual se establecen reglas que adicionan la metodología para la distribución de los recursos provenientes de aportes solidarios en el otorgamiento de subsidios de los servicios públicos domiciliarios de acueducto y alcantarillado". Mediante la Resolución No. 074 del 4 de febrero de 2011, el Departamento Administrativo de la Función Pública reguló el procedimiento para la designación de los Jefes de la Unidad u Oficina de Control Interno o de quien haga sus veces, en los organismos o entidades de la Rama Ejecutiva del Orden Nacional Instituto Geográfico Agustín Codazzi Resolución 0070 por la cual se reglamenta técnicamente la formación catastral, la actualización de la formación catastral y la conservación catastral Decreto 493 Por el cual se reglamentan parcialmente los artículos 437-1 y 437-2 del Estatuto Tributario. 118 VADEMÉCUM Ven conmigo Decreto 660 Por medio del cual se reglamentan parcialmente los artículos 871, 872 Y 879 del Estatuto Tributario. Decreto 859 Por el cual se reglamentan los artículos 292-1, 293-1,294-1, 296-1, 298-3 Y 298-4 del Estatuto Tributario y los artículos 1,2, 3, 6, 9 Y 10 del Decreto Legislativo 4825 de 2010. Decreto 858 Por el cual se establecen los porcentajes de componente inflacionario no constitutivo de renta, ganancia ocasional, costo o gasto y el rendimiento mínimo anual de préstamos entre las sociedades y los socios Consejo Nacional Electoral Resolución 0283 por medio de la cual se modifica el artículo 17 de la Resolución 330 de 2007, "por medio de la cual se establece el procedimiento para el registro de libros y presentación de informes de ingresos y gastos de campañas electorales y consultas populares internas de los partidos y movimientos políticos con personería jurídica y se dictan otras disposiciones Decreto 1032 Por el cual se fija la remuneración de los empleados públicos pertenecientes a las Empresas Industriales y Comerciales del Estado, a las Entidades de Naturaleza Especial y a las Sociedades de Economía Mixta directas e indirectas del orden nacional sometidas al régimen de dichas empresas y se dictan otras disposiciones. Decreto 1505 Por el cual se establece la tarifa de retención en la fuente sobre ingresos por concepto de exportación de hidrocarburos y demás productos mineros Decreto 1599 Por el cual se establece el procedimiento para la devolución del Impuesto sobre las Ventas en el marco del Campeonato Mundial Masculino de Fútbol Sub-20 y se dictan otras disposiciones. Centro Interamericano Jurídico – Financiero ACUERDO 469 DEL 12 DE FEBRERO DE 2011 CONCEJO DE BOGOTÁ, D.C. Establecen medidas especiales de pago de tributos en el Distrito Capital y se dictan otras disposiciones Comisión Europea Commission decision lays the foundation for reinforced international cooperation on the supervision of auditors (IP/11/50) The Commission has published the summary of responses as well as individual replies to the Consultation on audit policy which was launched on 13 October 2010 Summary report of the public consultation on Country by Country reporting by multinational companies Corporate governance framework for European companies: what needs to be improved? (IP/11/404, MEMO/11/218) Summary report of the responses received to the public consultation on Disclosure of NonFinancial Information by Companies Congreso de la República Ley 1447 Por la cual se desarrolla el artículo 290 de la Constitución Política de Colombia. Ley 1446 Por el cual se introducen algunas modificaciones a los artículos 42.18. y 43.1.8 de la ley 715 de 2001. Ley 1445 POR MEDIO DE LA CUAL SE MODIFICA LA LEY 181 DE 1995, LAS DISPOSICIONES QUE RESULTEN CONTRARIAS Y SE DICTAN OTRAS DISPOSICIONES EN RELACIÓN CON EL DEPORTE PROFESIONAL. Ley 1444 "POR MEDIO DE LA CUAL SE ESCINDEN UNOS MINISTERIOS, SE OTORGAN PRECISAS FACULTADES EXTRAORDINARIAS AL PRESIDENTE DE LA REPÚBLICA PARA 119 VADEMÉCUM Ven conmigo MODIFICAR LA ESTRUCTURA DE LA ADMINISTRACIÓN PÚBLICA Y LA PLANTA DE PERSONAL DE LA FISCALÍA GENERAL DE LA NACIÓN Y SE DICTAN OTRAS DISPOSICIONES" Ley 1443 por la cual se modifica el artículo 2° de la Ley 647 de 2001 Ley 1442 Por medio de la cual se aprueba el "ACUERDO RELATIVO A LOS SERVICIOS POSTALES DE PAGO", firmado en Ginebra, el 12 de agosto de 2008 Ley 1441 Por medio de la cual se aprueba el "ACUERDO DE COOPERACIÓN Y RÉGIMEN DE PRIVILEGIOS E INMUNIDADES ENTRE LA ORGANIZACIÓN INTERNACIONAL PARA LAS MIGRACIONES Y EL GOBIERNO DE LA REPÚBLICA DE COLOMBIA", hecho en Bogotá a los 5 días del mes de mayo de dos mil nueve (2009). Ley 1440 Por medio de la cual se aprueba el "TRATADO CONSTITUTIVO DE LA UNIÓN DE NACIONES SURAMERICANAS"', hecho en IIntsIIlII, Brasil, el veintitrés de mayo de dos mi ocho. Ley 1439 POR MEDIO DE LA CUAL SE DECLARA PATRIMONIO CULTURAL Y ARTÍSTICO DE LA NACIÓN "EL FESTIVAL NACIONAL DE ACORDEONEROS", EN EL MUNICIPIO DE SAN JUAN NEPOMUCENO (BOLÍVAR), Y SE DICTAN OTRAS DISPOSICIONES Ley 1438 POR MEDIO DE LA CUAL SE REFORMA EL SISTEMA GENERAL DE SEGURIDAD SOCIAL EN SALUD Y SE DICTAN OTRAS DISPOSICIONES Ley 1437 POR LA CUAL SE EXPIDE El CÓDIGO DE PROCEDIMIENTO ADMINISTRATIVO Y DE LO CONTENCIOSO ADMINISTRATIVO Ley 1436 POR MEDIO DEL CUAL SE OTORGAN BENEFICIOS A LAS FAMILIAS DE LAS PERSONAS SECUESTRADAS CON POSTERIORIDAD AL EJERCICIO DE SU CARGO. Ley 1435 POR LA CUAL LA NACIÓN DECLARA PATRIMONIO HISTÓRICO Y CULTURAL DE LA NACIÓN ALGUNOS INMUEBLES DEL SANATORIO DE AGUA DE DIOS EN CUNDINAMARCA y DEL SANATORIO DE CONTRATACIÓN EN SANTANDER Y SE DICTAN OTRAS DISPOSICIONES. Ley 1434 POR LA CUAL SE MODIFICA Y ADICIONA LA LEY 58 DE 1992, SE CREA LA COMISIÓN LEGAL PARA LA EQUIDAD DE LA MUJER DEL CONGRESO DE LA REPÚBLICA DE COLOMBIA Y SE DICTAN OTRAS DISPOSICIONES. Ley 1433 POR MEDIO DE LA CUAL SE RINDE HOMENAJE A LA MEMORIA DEL, HONORABLE CIUDADANO y EX CONGRESISTA LUIS GUILLERMO VÉLEZ TRUJILLO. Ley 1432 POR MEDIO DE LA CUAL SE MODIFICA UN PARÁGRAFO AL ARTICULO 6° DE LA LEY 3°DE 1991 Y SE DICTAN OTRAS DISPOSICIONES. Ley 1431 POR LA CUAL SE ESTABLECEN LAS EXCEPCIONES A QUE SE REFIERE EL ARTICULO 133 DE LA CONSTITUCIÓN POLÍTICA. Ley 1430 POR MEDIO DE LA CUAL SE DICTAN NORMAS TRIBUTARIAS DE CONTROL Y PARA LA COMPETITIVIDAD. Ley 1429 POR LA CUAL SE EXPIDE LA LEY DE FORMALlZACIÓN Y GENERACIÓN DE EMPLEO. Ley 1428 POR EL CUAL SE MODIFICA EL ARTÍCULO 3° DE LA LEY 1117 DE 2006. Ley 1427 POR LA CUAL SE MODIFICA LA NATURALEZA JURÍDICA DE LA EMPRESA SERVICIO AÉREO A TERRITORIOS NACIONALES - SATENA y SE DICTAN OTRAS DISPOSICIONES. Ley 1426 POR LA CUAL SE MODIFICA LA LEY 599 DE 2000, RELATIVA A LAS CONDUCTAS PUNIBLES QUE ATENTAN CONTRA LOS BIENES JURÍDICAMENTE PROTEGIDOS DE LOS DEFENSORES DE DERECHOS HUMANOS Y PERIODISTAS. Ley 1425 POR MEDIO DE LA CUAL SE DEROGAN ARTÍCULOS DE LA LEY 472 . DE 1998 ACCIONES POPULARES Y GRUPO. 120 VADEMÉCUM Ven conmigo Ley 1424 POR LA CUAL SE DICTAN DISPOSICIONES DE JUSTICIA TRANSICIONAL QUE GARANTICEN VERDAD, JUSTICIA Y REPARACIÓN A lAS VÍCTIMAS DE DESMOVILlZADOS DE GRUPOS ORGANIZADOS Al MARGEN DE LA LEY, SE CONCEDEN BENEFICIOS JURÍDICOS Y SE DICTAN OTRAS DISPOSICIONES. Ley 1423 POR LA CUAL SE MODIFICA LA LEY 71 DEL 15 DE DICIEMBRE DE 1986. Ley 1422 POR LA CUAL SE ESTABLECE EXENCIÓN GENERAL DE IMPUESTOS PARA LA REALIZACIÓN DEL CAMPEONATO MUNDIAL MASCULINO DE FÚTBOL SUB 20. Ley 1421 Por medio de la cual se prorroga la ley 418 de 1997, prorrogada y modificada por las leyes 548 de 1999, 782 de 2002 y 1106 de 2006 Ley 1420 Por la cual se decreta el presupuesto de rentas y recursos de capital y ley de apropiaciones para la vigencia fiscal del 1º de enero al 31 de diciembre de 2011 Ley 1419 Por la cual se establecen los lineamientos para el desarrollo de la Telesalud en Colombia Consejo Técnico de la Contaduría Pública CTCP 026 - Contabilización seguros en propiedad horizontal CTCP 022 - Impuestos - contabilización GMF CTCP 021 - Ley 1314 de 2009 . Interpretación CTCP 020 - Aseguramiento de información en el sector público CTCP 017.1 - Pasivos estimados y provisiones CTCP 017 - Contabilización IVA descontable - DL 3148 de 2010 CTCP 016 - Pasivos - Proveedores - prescripción CTCP 015 - Pasivos estimados y provisiones CTCP 014.1 - Impuestos asumidos - contabilización IVA descontable - vencido el término para la devolución CTCP 013 - Ingresos de empresas de servicios temporales CTCP 012 - Revisoria fiscal - Régimen de inhabilidades e incompatibilidades CTCP 010 - Solicitud de capacitación sobre métodos de reconocido valor técnico vigentes en Colombia El CTCP indica el marco normativo sobre el que se desarrollan las obligaciones de información contable de las Pymes en Colombia La Universidad ICESI de Cali plantea un análisis crítico de las opiniones que se generaron entorno a la propuesta realizada el pasado 22 de diciembre de 2010, por parte del Consejo Técnico de la Contaduría Pública, respecto al direccionamiento estratégico Contaduría General de la Nación Resolución 406 por medio de la cual se modifica el Catálogo General de Cuentas, del Manual de Procedimientos, del Régimen de Contabilidad Pública Resolución 391 por medio de la cual se modifica el Catálogo General de Cuentas del Régimen de Contabilidad Pública Instructivo No. 013 de 2011 Instrucciones para el reconocimiento y revelación contable de los activos de menor cuantía en el período contable 2011 Instructivo 12 2010 Instrucciones para el reconocimiento y revelación contable de los activos de menor cuantía en el período contable 2011 Instructivo 011 Instrucciones relacionadas con el cambio de vigencia 2010-2011, el reporte de información a la Contaduría General de la Nación, y otros aspectos del proceso contable CAMBIOS MODELO CONTABLE SIIF II NACIÓN Comunicado No.03-2011 121 VADEMÉCUM Ven conmigo NATURALEZA DE LA ETAPA DEL RECONOCIMIENTO DENTRO DE UN PROCESO CONTABLE DE UNA ENTIDAD PÚBLICA RÉGIMEN DE CONTABILIDAD PÚBLICA SE CONSTITUYE EN EL DOCUMENTO BÁSICO DE LAS ENTIDADES CONTABLES PÚBLICAS INFORMACIÓN CONTABLE DE UNA ENTIDAD PÚBLICA DEBE REFLEJAR SU REALIDAD ECONÓMICA Y JURÍDICA BAJO SIMPLE PRESUNCIÓN ES IMPROCEDENTE LA DEPURACIÓN CONTABLE POR PRESCRIPCIÓN OPERACIONES QUE UNA ENTIDAD CONTABLE PÚBLICA REALIZA CON TERCEROS NO AFECTAN SU SITUACIÓN FINANCIERA SERVICIOS COLECTIVOS QUE PRESTA EL GOBIERNO SERÁN OBJETO DE ASIGNACIÓN DE COSTOS INFORME DE INTERVENTORÍA NO ES UNA CONDICIÓN PARA VERIFICAR LA INFORMACIÓN CERTIFICADA POR EL CONCESIONARIO PARA EL TRATAMIENTO CONTABLE DE LAS REDES TERRESTRES ESTAS SE TOMAN COMO BIENES DE BENEFICIO Y USO PÚBLICO UNA EROGACIÓN QUE AUMENTE LA VIDA ÚTIL DE LOS BIENES SE CONSTITUYE EN UNA ADICIÓN RECONOCIMIENTO CONTABLE DE VEHÍCULOS DE LOS CUALES SE DESCONOCE SU PROPIETARIO EL GASTO PÚBLICO SOCIAL CORRESPONDE A LOS RECURSOS DESTINADOS AL MEJORAMIENTO DE LA CALIDAD DE VIDA DE LA POBLACIÓN CADA TRES AÑOS UNA ENTIDAD DEBE REALIZAR LA ACTUALIZACIÓN DE PROPIEDADES, PLANTA Y EQUIPO BIENES DE BENEFICIO Y USO PÚBLICO Y CULTURALES DEBEN RECONOCERSE POR EL COSTO HISTÓRICO ACTUALIZACIÓN DE LAS PROPIEDADES, PLANTA Y EQUIPO DE UNA ENTIDAD CONTABLE PÚBLICA EL MEJORAMIENTO Y REHABILITACIÓN DE LOS BIENES USO PÚBLICO AFECTAN EL CÁLCULO FUTURO DE LA AMORTIZACIÓN LAS NECESIDADES DE LOS USUARIOS DE LA INFORMACIÓN CONTABLE PÚBLICA HACEN PARTE DEL RECONOCIMIENTO DE LA INFORMACIÓN AMBIENTAL LA ACTUALIZACIÓN DE LAS PROPIEDADES DE UNA ENTIDAD PÚBLICA DEBE EFECTUARSE CADA TRES AÑOS A PARTIR DE LA ÚLTIMA REALIZADA TRATAMIENTO CONTABLE DE ADICIONES, MEJORAS, REPARACIONES Y MANTENIMIENTO DE LAS PROPIEDADES DE UNA ENTIDAD PÚBLICA LA PROVISIÓN AFECTA DIRECTAMENTE EL PATRIMONIO CUANDO SE TRATA DE ENTIDADES ESTATALES LOS BIENES TOTALMENTE DESTRUIDOS NO SON SUSCEPTIBLES DE RECONOCIMIENTO Y REVELACIÓN EN LAS CUENTAS DE ORDEN ACTUALIZACIÓN DE INVERSIONES PATRIMONIALES EN ENTIDADES NO CONTROLADAS RECONOCIMIENTO CONTABLE DE TELÉFONOS CELULARES RECIBIDOS POR UNA ENTIDAD PÚBLICA ACTIVOS QUE SON OBJETO DE USO SE DEBEN DEPRECIAR TOMANDO COMO BASE EL TIEMPO RESTANTE DE LA VIDA ÚTIL DE LOS MISMOS RECONOCIMIENTO CONTABLE DE BIENES DE USO PERMANENTE SIN CONTRAPRESTACIÓN 122 VADEMÉCUM Ven conmigo TRATAMIENTO CONTABLE DE LAS DIVISIONES MODULARES EN UNA ENTIDAD PÚBLICA DETERMINACIÓN DE LAS ENTIDADES PÚBLICAS QUE LLEVAN CONTABILIDAD INDEPENDIENTE PERO SON AGREGADAS POR OTRAS RECONOCIMIENTO CONTABLE DE BIENES DE USO PERMANENTE SIN CONTRAPRESTACIÓN TRATAMIENTO CONTABLE PARA RECONOCER LOS BIENES ADQUIRIDOS POR LOS FONDOS DE SERVICIOS EDUCATIVOS Contraloría General de la República Costo por prestación de servicios en entidades públicas Libros de Contabilidad Presupuestal Manual para el registro de contabilidad presupuestal pública Resolución orgánica 6289 Por la cual se establece el Sistema de Rendición Electrónica de la Cuenta e Informes - "SIRECI", que deben utilizar los sujetos de control fiscal para presentación de la Rendición de Cuenta e Informes a la Contraloría General de la República LA AUDITORÍA TIENE COMO OBJETIVO LA BÚSQUEDA DE PRUEBAS QUE FUNDEN LA OPINIÓN SOBRE LOS ESTADOS CONTABLES Instituto de Contabilidad y Auditoria de Cuentas (ICAC) Resolución por la que se acuerda la apertura del trámite de audiencia a los interesados en la elaboración del proyecto de Real Decreto Legislativo por el que se aprueba el Texto Refundido de la Ley de Auditoría de Cuentas. Trámite de audiencia pública del Proyecto de Real Decreto Legislativo por el que se aprueba el Texto Refundido de la Ley de Auditoría de Cuentas. Proyecto de Real Decreto Legislativo por el que se aprueba el Texto Refundido de la Ley de Auditoria de Cuentas International Accounting Standards Board (IASB) IFRS Foundation to enhance IFRS Taxonomy to reflect common reporting practice New Due Process Oversight Committee (DPOC) section of IFRS Foundation website International Federation of Accountants (IFAC) IPSASB Publishes Revised Guidance to Assist Public Sector Entities with Transition From Cash Basis to Accrual Basis of Accounting IFAC Issues Revised Guidance to Further Support the Development of Professional Accountancy Organizations Worldwide Updated IFAC Sustainability Framework Supports Professional Accountants in Achieving Sustainable Value Creation IAASB Issues Enhanced Overarching Assurance Standard For Comment IPSASB Issues Exposure Draft—Key Characteristics of the Public Sector With Potential Implications for Financial Reporting IAESB Proposes Clarified Standard on Assessment of Professional Competence IAESB Proposes Revised Standard on Professional Values, Ethics, and Attitudes IAASB Seeks Global Views on Enhancing the Value of Auditor Reporting Proposed Predictive Analytics Guidance from IFAC Highlights Importance of Anticipating the Future 123 VADEMÉCUM Ven conmigo Junta Central de Contadores INFORME DE GESTION DEL AÑO 2010 TRIBUNAL DISCIPLINARIO JUNTA CENTRAL DE CONTADORES Jurisprudencia colombiana 16236-2010 "(...) Los ingresos que aparecen registrados en la columna débito de cada una de las cuentas de ingresos del libro mayor y balances no necesariamente reflejan el saldo acumulado por el cual se hace el cierre de las mismas, es decir, ese valor no necesariamente es el monto total de los ingresos obtenidos en el año, porque dicha columna puede contener ajustes contables normales y acostumbrados en la práctica contable, que se realizan preferencialmente en el mes de diciembre. (...)" 04700-2010 "(...) Cabe anotar, que la tarjeta profesional de Contador Público fue expedida el 18 de mayo de 2006 , lo cual en este caso es de gran importancia porque a partir de allí, como ya lo sostuvo esta Sección en sentencia del 15 de julio de 2010 dictada en el proceso con radicación interna 2009-0041, es que debe contarse el ejercicio profesional toda vez que el artículo 1 de la Ley 43 de 1990 señala que “Se entiende por Contador Público la persona natural que, mediante la inscripción acredite su competencia profesional…” y que el artículo 3 ibídem prescribe que “La inscripción como Contador Público se acreditará por medio de una tarjeta profesional que será expedida por la Junta Central de Contadores.” (...)" 00590-2010 "(..) En efecto, si bien los artículos 198, 199, 206, 420 y 425 del Código de Comercio facultan a los órganos directivos de las sociedades a revocar, aún sin que se haya extinguido el término señalado en el contrato, el nombramiento que hayan hecho de los administradores y también de los revisores fiscales, según expresa remisión que hace el segundo de los textos en mención, tal atribución no puede significar jamás una indebida autorización para transgredir los artículos 95 y 333 de la Constitución Política, cuando con esa conducta generan deterioro a los derechos de quienes han contratado de buena fe y cumplieron satisfactoriamente las obligaciones nacidas del respectivo acuerdo. (...)" 16938-2010 INVERSIÓN EN ACCIONES EN SOCIEDADES SUBORDINADAS O CONTROLADAS – Implica la adquisición de acciones y del crédito mercantil o good will / CRÉDITO MERCANTIL – Debe llevarse al gasto en la medida en que contribuya a la generación de ingresos / CUENTA DE MAYOR – Es donde se registra la amortización del crédito mercantil / CRÉDITO MERCANTIL ADQUIRIDO - Es un activo diferente de las acciones cuando la compra de éstas implica para el adquirente consolidar o adquirir el control patrimonial de la subordinada CRÉDITO MERCANTIL – Bien incorporal adquirido sujeto a amortización / ACTIVO AMORTIZABLE – Lo es el crédito mercantil / CRÉDITO MERCANTIL ADQUIRIDO – Es un activo intangible / INVERSIONES AMORTIZABLES – Se aplica la técnica contable sin distinción de la tributaria / DEDUCCIÓN POR AMORTIZACIÓN DE INTANGIBLES – Para que proceda debe demostrarse que es una inversión necesaria / DEDUCIBILIDAD DE LA AMORTIZACIÓN DEL CRÉDITO MERCANTIL - Está condicionada a la generación de ingresos gravados en cabeza de la sociedad controlante 124 VADEMÉCUM Ven conmigo 0049-2010 "(...) Por tanto, ante la ausencia de normativa contable(12) que defina con claridad lo que debe entenderse por el término “gastos de funcionamiento” y los conceptos que involucra, la Sala acogerá la noción que ha desarrollado la jurisprudencia(13) y, en consecuencia, el presente proceso se decidirá bajo tales parámetros, es decir, que los gastos de funcionamiento tienen que ver con la salida de recursos que de manera directa o indirecta se utilizan para ejecutar o cumplir las funciones propias de la actividad, que son equivalentes a los gastos operacionales u ordinarios, es decir los normalmente ejecutados dentro del objeto social principal del ente económico o, lo que es lo mismo, los gastos asociados al servicio sometido a regulación, de manera que deberán excluirse aquellas erogaciones que no estén relacionadas con la prestación del servicio público domiciliario (...)" 17222-2011 (...) Ahora bien, si la Administración, como en este caso, a partir de los registros contables de los ingresos, cuestionó la veracidad de los mismos por la falta de soportes o la claridad de un determinado hecho económico, la certificación del Contador Público, que se limitó a señalar la conformidad de los libros con las normas legales y de los datos declarados con la contabilidad, sin explicar ni aportar nada, no es eficaz para desvirtuar la determinación oficial (...) 01345-2011 (...) En efecto, desde el punto de vista contable es posible provisionar todo tipo de cuentas por cobrar, incluso aquellas que no han sido generadoras de renta. También es posible provisionar las cuentas que estén a cargo de vinculados económicos. Contablemente tampoco se establecen límites al monto de la provisión, ni se exige que las cuentas sean de plazo vencido. Las únicas condiciones son que estas se justifiquen y cuantifiquen con fundamento en estudios técnicos, con criterio comercial y que sean las suficientes para la protección del patrimonio social, esto significa que es posible, incluso, provisionar hasta el 100% de una cuenta por cobrar, cuando así lo amerite, con el único propósito de salvaguardar el patrimonio social (...) 14500-2010 (...) No es la fecha de presentación de una queja ante la Junta Central de Contadores la que determina el término de la caducidad de la acción sancionatoria, sino la fecha de realización de los hechos, en caso de que estos sean de conocimiento público (...) 00307-2011 (...) es evidente que las funciones del revisor fiscal son diferentes a las actividades económicas, jurídicas y tecnológicas de quienes tienen la competencia o capacidad para realizar uno o más de los verbos asociados a la gestión fiscal de los recursos y bienes públicos, ni tienen el alcance de atribuir al revisor fiscal capacidad decisoria alguna o la posibilidad de vetar las determinaciones de los responsables frente a los fondos o bienes del erario o puestos a cargo de la empresa para la cual realiza su labor (...) 00289-2011 CAPITALIZACIÓN DE LA REVALORIZACIÓN DEL PATRIMONIO. ES UNA SIMPLE RECLASIFICACIÓN DE CUENTAS QUE NO CONLLEVA UN INCREMENTO REAL DEL PATRIMONIO, NI CONSTITUYE UN APORTE COMO TAL Y ES POR ESO QUE INCLUIRLA EN UNA DISMINUCIÓN DE CAPITAL CON REEMBOLSO EFECTIVO DE APORTES MEDIANTE LA CUAL SE HACE ENTREGA DE ACTIVOS A LOS SOCIOS O ACCIONISTAS DA LUGAR A UNA REDUCCIÓN DE LA GARANTÍA DE LOS ACREEDORES QUE NO SE 125 VADEMÉCUM Ven conmigo FUNDAMENTA EN UN VERDADERO INCREMENTO DE CAPITAL. 18381-2011 (...) La circunstancia de encontrarse amparado por la aplicabilidad del régimen simplificado en materia tributaria, no exime al comerciante de la obligación de llevar su contabilidad de acuerdo con los precitados postulados que formulan el Código de Comercio y el Código de Procedimiento Civil. (...) 00880-2011 (...) En efecto, desde el punto de vista contable es posible provisionar todo tipo de cuentas por cobrar, incluso aquellas que no han sido generadoras de renta. También es posible provisionar las cuentas que estén a cargo de vinculados económicos. Contablemente tampoco se establecen límites al monto de la provisión, ni se exige que las cuentas sean de plazo vencido. Las únicas condiciones son que estas se justifiquen y cuantifiquen con fundamento en estudios técnicos, con criterio comercial y que sean las suficientes para la protección del patrimonio social, esto significa que es posible, incluso, provisionar hasta el 100% de una cuenta por cobrar, cuando así lo amerite, con el único propósito de salvaguardar el patrimonio social (...) 00808-2011 (...) el valor probatorio de la contabilidad, depende de que esta sea llevada en la forma ordenada por la ley, que cumpla los requisitos consagrados en el Decreto 2649 de 1993 y en el estatuto tributario, sin cuya observancia no puede considerarse válida para justificar los hechos que por este medio probatorio procura probar (...) Public Company Accounting Oversight Board (PCAOB) - Estados Unidos de América PCAOB Publishes Staff Audit Practice Alert on Auditor Considerations of Litigation and Other Contingencies Arising from Mortgage and Other Loan Activities PCAOB Issues First Research Note on Chinese Reverse Mergers Secretaría de Hacienda Distrital (Bogotá) LOS GASTOS DE FUNCIONAMIENTO PUEDEN ASOCIARSE CONTABLEMENTE CON GASTOS DE ADMINISTRACIÓN PROPIEDADES DE UNA ENTIDAD PÚBLICA DEBE RECONOCERSE Y REVELARSE DE ACUERDO CON SU NATURALEZA Y CAPACIDAD DE DESPLAZAMIENTO RECONOCIMIENTO DE LOS HECHOS ECONÓMICOS QUE UNA CAJA DE VIVIENDA REALIZA PARA LA ASIGNACIÓN DEL VALOR ÚNICO DE RECONOCIMIENTO EN ESPECIE Superintendencia de la Economía Solidaria (Supersolidaria) Entrega de libros para registro SUPERSOLIDARIA RECUERDA CONDICIONES TÉCNICAS PARA EL SELLADO DE LIBROS Carta Circular 001 SE PRECISA PROCEDIMIENTO PARA CONTABILIZAR IMPUESTO AL PATRIMONIO. MODIFICADO EL PUC Superintendencia de Puertos y Transporte AVANCE EN REVISIÓN DE LOS PARÁMETROS DE OPERACIÓN PARA EL MODELO DE COSTOS DE REFERENCIA Superintendencia de Servicios Públicos Domiciliarios 126 VADEMÉCUM Ven conmigo INSPECCIÓN, CONTROL Y VIGILANCIA DE LA CONTABILIDAD DE UNA ENTIDAD DE SERVICIOS PÚBLICOS DOMICILIARIOS LAS EMPRESAS PRESTADORAS DE SERVICIOS PÚBLICOS DE NATURALEZA OFICIAL NO TIENEN LA OBLIGACIÓN DE CONTRATAR UNA AUDITORÍA EXTERNA SUPERSERVICIOS SE PRONUNCIA SOBRE LA RESPONSABILIDAD DEL REVISOR FISCAL CON RELACIÓN A LAS NIIF, A PARTIR DE LA FECHA DE SU ADOPCIÓN Requerimientos para que los prestadores de servicios públicos reporten información financiera al SUI, con base en el MGC ― Ver Anexos Resolución SSPD-20111300002885 por la cual se modifica la Resolución 20101300021335 que adopta el Modelo General de Contabilidad para Empresas Prestadoras de Servicios Públicos, en convergencia con los Estándares Internacionales de Contabilidad e Información Financiera de aceptación mundial, y se derogan las Resoluciones SSPD 20101300046955 y 20101300050115 Resolución 20101300050115 por la cual se modifica la Resolución 20101300021335 que adopta el Modelo General de Contabilidad para Empresas Prestadoras de Servicios Públicos, en convergencia con los Estándares Internacionales de Contabilidad e Información Financiera de aceptación mundial Resolución SSPD-20101300046955 modifica la Resolución SSPD 20101300021335 del 28 de junio de 2010, por la cual se adopta el Modelo General de Contabilidad para Empresas Prestadoras de Servicios Públicos, en convergencia con los Estándares Internacionales de Contabilidad e Información Financiera de aceptación mundial, y se deroga la Resolución 20091300009995 de 2009, en el sentido de prorrogar, durante la etapa de transición, las fechas para el reporte del Balance Inicial o Balance de Apertura y del Informe de conciliación entre el patrimonio establecido según el Plan de Contabilidad vigente y el nuevo Modelo General de Contabilidad adoptado Superintendencia de Sociedades CIRCULAR EXTERNA 115-000001 DOCUMENTOS ADICIONALES DE LA INFORMACIÓN FINANCIERA AÑO 2010 Circular Externa 115-000006 Contabilidad de entes económicos en liquidación Circular Externa 100-000005 Solicitud de información financiera y de prácticas empresariales (Gobierno Corporativo y Responsabilidad Social Empresarial) año 2010 220-100749 No existe impedimento legal para que el representante legal de una misma sociedad sea designado en el mismo ente societario como miembro principal de la Junta Directiva incompatibilidad de los administradores para votar los estados financieros. 220-139345 Mora en el pago de acciones artículo 397 del Código de Comercio Oficio 220-139034 Derecho de Inspección 220-138521 Vinculación del revisor fiscal 220-109124 Reglas en materia de Utilidades tratándose de la SAS. 220-105772 Reparto de utilidades 220-105767 Estados Financieros para transformación a SAS Oficio 220-105755 A la asamblea corresponde el nombramiento del revisor fiscal y decidir la disolución y liquidación. Responsabilidad de los administradores. 220-093875 Causal de disolución por pérdidas 220-085932 Reparto de utilidades sociedad en comandita. Oficio 115-155339 INHABILIDAD DEL REVISOR FISCAL SUPLENTE Oficio 115-152588 REGISTROS CONTABLES EN CONSORCIOS 127 VADEMÉCUM Ven conmigo Oficio 115-139611 PRESENTACIÓN DE INFORMACIÓN FINANCIERA A LA SUPERINTENDENCIA DE SOCIEDADES CUANDO SE TIENE CIERRE CONTABLE INFERIOR A UN AÑO 220-103821 Irregularidades por parte del Representante Legal en ejercicio de sus funciones; Designación del representante y revisor fiscal; Modificación de las condiciones del reparto de las utilidades decretadas por el máximo órgano social; proposición 220-101685 Aprobación de los estados financieros de una compañía cuando todos sus asociados hacen parte de la administración de la misma. Oficio 115-155339 INHABILIDAD DEL REVISOR FISCAL SUPLENTE Oficio 115-152588 REGISTROS CONTABLES EN CONSORCIOS Oficio 115-139611 PRESENTACIÓN DE INFORMACIÓN FINANCIERA A LA SUPERINTENDENCIA DE SOCIEDADES CUANDO SE TIENE CIERRE CONTABLE INFERIOR A UN AÑO Supersociedades señala la forma de contabilizar el impuesto al patrimonio 220-103821 Irregularidades por parte del Representante Legal en ejercicio de sus funciones; Designación del representante y revisor fiscal; Modificación de las condiciones del reparto de las utilidades decretadas por el máximo órgano social; proposición 220-101685 Aprobación de los estados financieros de una compañía cuando todos sus asociados hacen parte de la administración de la misma 220-100749 No existe impedimento legal para que el representante legal de una misma sociedad sea designado en el mismo ente societario como miembro principal de la Junta Directiva incompatibilidad de los administradores para votar los estados financieros 220-151251 Revisión de la doctrina sobre Balance para la transformación a SAS 220-149563 Libros de comercio por cambio de razón social 220-139034 Derecho de Inspección 220-138521 Vinculación del revisor fiscal 220-105755 A la asamblea corresponde el nombramiento del revisor fiscal y decidir la disolución y liquidación. Responsabilidad de los administradores EL REVISOR FISCAL SUPLENTE PUEDE SER ELEGIDO COMO ADMINISTRADOR DENTRO DE LA MISMA COMPAÑÍA Supersociedades explica la forma de contabilizar la sobretasa al impuesto al patrimonio y complementa reciente concepto sobre el tema Oficio 115-042143 ESCISIÓN DE SOCIEDAD EN LIQUIDACIÓN CON DISTRIBUCIÓN ANTICIPADA DE REMANENTES Derechos y obligaciones de los consorcios o uniones temporales deben registrarse en la contabilidad de cada uno de los partícipes Registro del capital en la transformación de sociedad LTDA a SAS. Oficio 115-007806 DEPRECIACIÓN CONTABLE Y DEPRECIACIÓN FISCAL Oficio 115-155339 INHABILIDAD DEL REVISOR FISCAL SUPLENTE Oficio 115-152588 REGISTROS CONTABLES EN CONSORCIOS Oficio 115-139611 PRESENTACIÓN DE INFORMACIÓN FINANCIERA A LA SUPERINTENDENCIA DE SOCIEDADES CUANDO SE TIENE CIERRE CONTABLE INFERIOR A UN AÑO Registro contable de los derechos derivados de un contrato de arrendamiento financiero, por parte del locatario Objeción de un balance por parte de una entidad pública 128 VADEMÉCUM Ven conmigo 220-051348 Radicación No. 2011- 01- 072559 Informe de gestión / Libro de actas / Derecho de inspección. 220-051373 Requisitos para aprobar la cuenta final de liquidación Modificaciones que incluye la Ley 1429 de 2010. 220-051367 Capital social. 220-051366 Informe de gestión. Es obligación de los administradores Evidenciar el cumplimiento normas propiedad intelectual y derechos de autor. 220-051364 Arbitrios frente al no pago de acciones suscritas 220-048336 Entes obligados a remitir información financiera a la Entidad El presupuesto de una compañía no es soporte para el registro mensual de los gastos de mercadeo No es aceptable el avalúo catastral como soporte para respaldar las valorizaciones de los inmuebles Superintendencia Financiera de Colombia Circular Externa 021 (Mayo 27). Modifica el numeral 6.2 del Capítulo I de la Circular Básica Contable y Financiera relacionada con la valoración de valores participativos. Anexos Circular Externa 020 (Mayo 23). Imparte instrucciones sobre la remisión de información financiera por parte de los emisores de valores inscritos en el Registro Nacional de Valores y Emisores – RNVE Circular 019 Imparte instrucciones sobre la valoración de Fondos Bursátiles Anexo Circular 018 Imparte instrucciones sobre la valoración de derivados del Banco de la República. Anexos Resolución 0833 (Mayo 30). Modifica el Capítulo IV “Metodología de Valoración de Renta Variable” del “Sistema de Proveedor de Información para Valoración de Inversiones”, contenido en el ARTÍCULO SEGUNDO de la Resolución 1822 de 2006 Circular Externa 016 (Mayo 04). Modificación a los Planes Únicos de Cuentas (PUC) para los tipos de fondos de pensiones obligatorias y los portafolios de los fondos de cesantía, a los Títulos IV, de la Circular Básica Jurídica y XII de la Circular Básica Contable y Financiera, y a las proformas B.6000-14 y B.6000-15 correspondientes a los extractos de afiliados y pensionados. Anexos Carta Circular 43 (Abril 19). Informa aspectos relacionados con la contabilización del Impuesto al Patrimonio, Ley 1370 de 2009. Circular Externa 011 (Marzo 18). Crea y modifica las proformas relacionadas con la base gravable del impuesto de industria y comercio de las entidades vigiladas, así mismo, crea y modifican cuentas y subcuentas en los Planes Únicos de Cuentas (PUC) del Sistema Financiero, del Sector Asegurador y del Mercado de Valores. Anexos Circular Externa 007 (Febrero 10). Modifica la Circular Externa 028 de 2007, sobre la adopción del Código de Mejores Prácticas Corporativas de Colombia (en adelante Código País). Anexos Circular Externa 052 (Diciembre 30). Modifica la proforma F.1000-28 (formato 088) del Anexo 1 de la Circular Básica Contable y Financiera. Anexos. Circular Externa 050 (Diciembre 28). Modifica el Capítulo XXI de la Circular Básica Contable y Financiera, sobre Riesgos de Mercado, el Anexo 1 de dicho Capítulo, y la Proforma F-0000-127. Anexos Circular Externa 049 (Diciembre 28). Modifica el Plan Único de Cuentas (PUC) del Mercado de Valores. Anexo. Circular Externa 048 (Diciembre 28). Modifica el Plan Único de Cuentas del Sector Financiero. Anexos Superintendencia Nacional de Salud 129 VADEMÉCUM Ven conmigo Supersalud imparte instrucciones sobre Cálculo de margen de solvencia y Estructura del PUC Resolución 2108 - Resolución 2109  130 VADEMÉCUM Ven conmigo Contraloría General de la Nación: Sistemas de Información Contable y Presupuestal Mediante la expedición de la Resolución Orgánica 6224 de 2010, la Contraloría General de la República emprendió un proceso de convergencia de los sistemas de información contable presupuestal desde su origen en los libros oficiales de contabilidad presupuestal como documentos fuente del registro de los hechos económicos en su dimensión presupuestal. Contraloría General de la Nación: Resolución Orgánica 6224: Convergencia de los Sistemas de Información Contable Presupuestal Consolidador de Hacienda e Información Financiera Pública (CHIP) El Consolidador de Hacienda e Información Financiera Pública (CHIP), es un sistema de información diseñado y desarrollado por el Ministerio de Hacienda y Crédito Público - Programa FOSIT, para que con la adecuada reglamentación y estructura procedimental, canalice la información financiera, económica y social de los entes públicos hacia los organismos centrales y al público en general bajo la administración y responsabilidad de la Contaduría General de la Nación. Consolidador de Hacienda e Información Financiera Pública (CHIP) Sistema de Información de Precios de Medicamentos – SISMED En la actualidad en lo relacionado con la regulación de precios de medicamentos se cuenta con información que es alimentada de manera manual y desconectada del centro de información del sector, lo que hace más compleja la toma de decisiones en lo relacionado con la generación de políticas de regulación de precios de medicamentos. Es así como nace la necesidad de diseñar y desarrollar el Sistema de Información de Precios de Medicamentos – SISMED, para optimizar la seguridad, confiabilidad y disponibilidad de la información. Como parte de los componentes del SISPRO, se ha desarrollado un nuevo sistema de información SISMED que apoya el "proceso de regulación" de precios de medicamentos, el cual esta siendo liderado por la Comisión Nacional de Precios de Medicamentos – CNPM, y esta a cargo del Ministerio de la Protección Social y del Ministerio de Comercio, Industria y Turismo . Sistema de Información de Precios de Medicamentos – SISMED Asobancaria: Informe Sobre regulacion sobre sistemas de información Asobancaria: Sistemas de Informacion Uso del XBRL en Europa La hora de XBRL: Las empresas españolas depositan sus cuentas con el nuevo estándar. XBRL en España XBRL en EEUU Stay up-to-date with information concerning the XBRL interactive data reporting standard at the SEC. We have created this portal as the single stop to find information provided by the SEC about XBRL, in order to facilitate successful compliance with the interactive data rules. http://xbrl.sec.gov/ American Institute of Certified Public Accountants – AICPA 131 VADEMÉCUM Ven conmigo 2011 Top Technology Initiatives for Public Accounting TopTechnology Initiatives 2011 May 2011 edition of the Sarbanes Oxley Compliance Professionals Association (SOXCPA) newsletter www.sarbanes-oxley-association.com/Sarbanes_Oxley_News_May_2011.pdf The REA modeling approach to teaching accounting information systems The REA Modeling Database desing using the REA data model The REA data model IT&C contribution to organization's performance improvement: The case of ERP systems. The evaluation of IT&C contribution to the organization performance concerns both the academic researchers and the organizations' practitioners. Starting from the well known paradox of Solow "You can see the computer age everywhere but in the productivity statistics ", two questions became recurrent and delicate in research: To what extent the use of IT&C and, particularly Enterprise Resource Planning systems (ERPS), contribute to the organizations overall performance improvement? and What performance are we talking about? The results of empirical researches are, until now, conflicting, even contradictory. The case of ERP systems. Security in Information Systems: A Guide for Business & Accounting Security in Information Systems Accounting information systems TECHNOLOGY The input devices commonly associated with Accounting information systems include: standard personal computers or workstations running applications; scanning devices for standardized data entry; electronic communication devices for electronic data interchange (EDI) and e-commerce. In addition, many financial systems come ‘‘Web-enabled’’ to allow devices to connect to the World Wide Web. Accounting information systems AIS.net and AIS.info An accounting information sytem should provide for the orderly assembly of accounting information and appropriate analysis to enable financial sttaements to be prepared. What constitures an adequate accounting system will depend on the size, nature and complexity of the enterprise. http://accountinginformationsystem.net/ http://www.accountinginformationsystems.info/ Information Systems Audit and Control Association and Foundation (ISACAF) New Opportunities for Information Systems Auditors: Linking SysTrust to COBIT SysTrust is an "assurance service in which a system is evaluated and tested for reliability when measured against four essential principles: availability, security, integrity and maintainability. Information Systems Auditors: Linking SysTrust to COBIT 132 VADEMÉCUM Ven conmigo Information Systems Audit and Control Association and Foundation (ISACAF) JOnline: Information Technology Compliance: Past, Present and Future Information technology compliance activities have evolved rapidly over the past decade. To help define the future of IT compliance, a look back at early efforts, combined with observations on today’s activities. Information Technology Compliance: Past, Present and Future Information Systems Audit and Control Association and Foundation (ISACAF) Electronic Commerce System Sophisticacion and Audit Process Electronic commerce (EC) systems change the way many organizations operate in their business environments. As an enabling technology, they allow organizations to increase the efficiency of their information processing. This efficiency is only the beginning of many EC system implementation efforts, as they are often coupled with business process reengineering which critically reexamines how business should be conducted among organizations and their trading partners. Some EC system implementations include limited reengineering efforts, while others are wide-ranging across the organization. The ultimate goal of many leading-edge organizations is an integrated approach to electronic commerce. Electronic Commerce System International Journal of Accounting Information Systems (AIS) A dialectic on methodologies in AIS research Good science, bad science: Preventing paradigm paralysis and method-bias malaise Capturing affect via the experience sampling method: Prospects for accounting information systems researchers Event study methodologies in information systems research Using narrative networks to study enterprise systems and organizational change An introduction to evidential reasoning for decision making under uncertainty: Bayesian and belief function perspectives A meta-analysis of information system success: A reconsideration of its dimensionality A design science research methodology and its application to accounting information systems research Innovation and practice of continuous auditing Experimental methods in decision aid research  133 VADEMÉCUM Ven conmigo Aracely del Socorro Sanchez Serna a-sanchez@javeriana.edu.co Braulio Adriano Rodríguez Castro brodri@javeriana.edu.co Carol Faisuil Ortega Algarra cortega@javeriana.edu.co Edgar Emilio Salazar Baquero edgar.salazar@javeriana.edu.co Fabiola Torres Agudelo fagudelo@javeriana.edu.co Gabriel Rueda Delgado gabriel.rueda@javeriana.edu.co Germán Eduardo Espinosa Flórez german.espinosa@javeriana.edu.co Hernando Bermúdez Gómez hbermude@javeriana.edu.co Khadyh Arciria Garrido khadyd.arciria@javeriana.edu.co Jenny Marlene Sosa Cardozo sosa.j@javeriana.edu.co Marcos Ancisar Valderrama Prieto ancisar.valderrama@javeriana.edu.co Maria Victoria Uribe Bohorquez uribem@javeriana.edu.co Martha Liliana Arias Bello liliana.arias@javeriana.edu.co 

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