GLG News by IFRS Accounting Specialists

Risk and uncertainty are two different paradigms. When analysts and decision makers do not measure risk properly then it becomes uncertainty. In this  analysis  I  take  a  look  at  the  effect  on  earnings  of  both  risk  and ...

Confused Central Banks are making risk management confusing while making it difficult to value derivatives and  evaluate the impact of  hedging strategies. As a result accounting  is  becoming more complex especially  in  relation to  the  manner  in ...

The  debate  on  the  use  of  fair value  seems  to  get  more  complicated  with  each  passing  day. Also  the  use  of  fair  value  for  some  balance  sheet  items ...

The  global  economy  is  today caught  in  a  quagmire. The  WTO  talks  are  stumbling. Securities  markets  don't  know  which  way to  go. Each  day comes  with  a  new  piece  of ...

The  Federal Reserve  wants  more  supervisory  and  control  powers  over  banks  while  saying  that  banks  should  be  allowed  to  fail. Basel  II guidelines  are  around  the  corner....

Economic  policy  globally  is  today  focused  on  inflationary  concerns  combined  with  keeping  the  growth  momentum. The  subprime  crisis  has  amply  demonstrated  that  the  creation...

A  lot  has  been  written  about  the  convergence  of  accounting  standards over  the  last  few  years. The  bandwagon  also  moves  on. There  are  however  major  stumbling  blocks....

The FASB proposes  to  do  a  complete  revamp of  SFAS 133 and all  the  associated baggage  that  goes  with  it. The standard itself is so  complicated  that  I wonder  if  it  can  really  be ...

Internal  audit,  risk measurement  and  compliance  are  getting more  and  more  intermeshed. The  realization  is  increasing  that  effective  internal  audit  is  relevant  for  improving operational ...

The article goes into sub-prime mortgage valuations. i wanted to add a couple of comments about the negaitive effects of homes/properties being repossessed. This causes losses for the lender as they do not recover the principal and interest outstanding. It causes devastation and financial and social/psychological...