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GLG News by IFRS Accounting Specialists

June 18, 2007
fair value accounting put auditors at risk
By a GLG Expert Contributor
Analysis of: PCAOB:Can auditors handle fair value (www.cfo.com)
auditors relied on expert for valuation of assets and liabilities litigation against auditors will be increased auditors should responsible for historical costs since the nature of auditing is checking historical records
June 18, 2007
Corporate Performance, Guidance, Stock Values and the Numbers Game
By a GLG Expert Contributor
Analysis of: Call for end to Quarterly Guidance (www.ft.com)
The  ASPEN  Institute  is  in  the  forefront  of  a  movement  alongwith  AFL-CIO  and  over  a  100  other  companies  to   stop  providing  earnings  guidance. The  argument ...
June 15, 2007
which one more benefit to US, outsourcing or globalisation?
By a GLG Expert Contributor
Analysis of: Many 'undercurrent' on outsourcing in US (economictimes.indiatimes.com)
US had the history of of using globalisation to promote outsourcing. US now has employment issues and blame on globalisation and outsourcing. how WTO resolve this issues
June 14, 2007
Mr Bush : leading or following?
By a GLG Expert Contributor
Analysis of: A big step forward on climate change (www.ft.com)
Mr Bush reluctantly signed what is unclear to him. Kyoto treaty being abandoned by US government, now seem get a change. China, India , Australia and other developing countries seem unavoidable to face climate issues.
June 14, 2007
Vatican leads environment awareness
By a GLG Expert Contributor
Analysis of: Vatican plans to tap solar energy (www.mercurynews.com)
create awareness among Christian community the important of environment issues concern with issue of global warming the price of photovoltaic cells still high
June 13, 2007
India and the Outsourcing Phenomenon - The Increasing Costs? - The Coming Decline?
By a GLG Expert Contributor
Analysis of: Many 'undercurrent' on outsourcing in US (economictimes.indiatimes.com)
Outsourcing to India is now a  decade  old  story. The economic  laws  of  comparative  advantage  may  soon  put a  brake  though  not  a  stop to  the  outsourcing  phenomenon. The  first  factor ...
June 11, 2007
The Effects on Business Profitability - The G8 summit - The Decision to move forward on Global Warming
By a GLG Expert Contributor
Analysis of: A big step forward on climate change (www.ft.com)
This  analysis  examines  the  business  implications  of  the  decision of  the G8  to  start  negotiations  on  a  successor  to  the  Kyoto  protocol  on  climate  change. This  single ...
June 11, 2007
Fair value - Earnings Quality - Audit and Accounting Conundrums
By a GLG Expert Contributor
Analysis of: PCAOB:Can auditors handle fair value (www.cfo.com)
Fair  value  measurements  and  disclosures  have  for  the  last  few  years  been  gaining importance as the  basis of  accounting  statements. This  is  a  far  cry  from  earlier  years ...
June 7, 2007
Mr Bush, smart move at last
By a GLG Expert Contributor
Analysis of: Bush in U-turn on global warming (www.ft.com)
Mr bush at last talk about global warming because of new scientific findings. Ahead of G8 summit to discuss the issue avoid of the European governments' agenda. The European Union is welcom the statement from Mr Bush.
June 7, 2007
Ceiling price of steel bars and billets
By a GLG Expert Contributor
Analysis of: Top steel millers want solution (biz.thestar.com.my)
The increase in the ceiling price of steel bars and billets announced by the Malaysian Government on 16 April 2007 has major impact on the construction and property development sector in Malaysia.

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