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Welcome to the AccountingEducation.com community.

Our online community became 14 years old on 1 April. No, not an April fool, we really have been doing it this long and our newswire - Double Entries - was going for some years before this and is now in its 19th volume.

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Latest News

FIVE THINGS EVERY ORGANIZATION SHOULD KNOW ABOUT DETECTING AND RESPONDING TO TARGETTED CYBERATTACKS 15 May 2013 The advanced persistent threat (APT) is waging an all-out attack on enterprises’ intellectual property. Yet most companies continue to try to protect themselves using approaches that are years out of date. That is one of the conclusions in Responding to Targeted Cyberattacks, a frank new how-to book published by global IT association ISACA and written by professionals at Ernst & Young LLP.

COSO ISSUES UPDATED INTERNAL CONTROL-INTEGRATED FRAMEWORK 14 May 2013 The Committee of Sponsoring Organizations of the Treadway Commission (COSO) –- an organization providing thought leadership and guidance on internal control, enterprise risk management, and fraud deterrence -– has issued its updated Internal Control–Integrated Framework (Framework) and related illustrative documents. COSO’s original Framework published in 1992 is recognized as the leading guidance for designing, implementing, and conducting internal control and assessing its effectiveness.

AICPA ISSUES GUIDANCE ON AUDITING CONFLICT MINERALS REPORTS 13 May 2013 The AICPA has issued nonauthoritative guidance on the auditing of SEC-mandated reports of conflict minerals, which include gold, tantalum, tin, and tungsten. The guidance discusses the key differences and similarities between examination attestation engagements and performance audits -- the two independent audit options for conflict minerals reports -- under Generally Accepted Government Auditing Standards.

AUDIT COMMITTEE ISSUES TRANSCEND GEOGRAPHIC BOARDS SAYS NEW CAQ REPORT 12 May 2013 Audit committee members in Asia, Europe and the United States confront many of the same opportunities and challenges in effectively meeting their responsibilities to shareholders, according to leading organizations representing public company auditors. Global Observations on the Role of the Audit Committee highlights common themes identified during a multi-continent discussion series on enhancing public company audit committee effectiveness, including the role of the audit committee and the scope of its responsibilities, increasing transparency, and educating stakeholders on the role of the audit committee.

IFRS INTERPRETATIONS COMMITTEE 2013 APPOINTMENT ANNOUNCED 12 May 2013 The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), have announced appointments and reappointments to the IFRS Interpretations Committee (the Interpretations Committee).

ASBJ AND IASB MEET TO DISCUSS FINANCIAL INSTRUMENTS, INSURANCE CONTRACTS AND THE CONCEPTUAL FRAMEWORK AS THEIR FINAL BILATERAL MEETING 12 May 2013 Representatives of the International Accounting Standards Board (IASB) and the Accounting Standards Board of Japan (ASBJ) met on 9 and 10 May 2013 in Tokyo. This was the seventeenth in a series of meetings between the boards since March 2005. During the meeting, the boards discussed projects on the IASB’s agenda, including Financial Instruments, Insurance Contracts and the work to revise the IASB’s Conceptual Framework for Financial Reporting.

GREATER ASSURANCE REQUIRED ON MANAGEMENT COMMENTARY TO RESTORE INVESTOR CONFIDENCE SAYS NEW ICAS RESEARCH REPORT 12 May 2013 A new discussion paper issued by ICAS, entitled Balanced and Reasonable, recommends improvements to corporate reporting, and the external assurance thereon, to restore investor confidence in company annual reports.

IS THERE A NEED FOR SPECIFIC FINANCIAL REPORTING FOR LONG-TERM INVESTING ACTIVITIES BUSINESS MODELS? EFRAG ISSUE A PUBLIC CONSULTATION 12 May 2013 The European Commission is currently consulting on a green paper considering possible ways for supporting long-term investment. The role accounting could play is introduced, questioning more particularly whether investments held with a long term horizon are best depicted when measured at fair value.

AASB ISSUES ED 240 - REGULATORY DEFERRAL ACCOUNTS 12 May 2013 The AASB has issued ED 240 Regulatory Deferral Accounts, which incorporates IASB ED/2013/5. Comments to the AASB are requested by 5 August 2013 and to the IASB by 4 September 2013.

IVSC PUBLISH GUIDE ON ESTABLISHING AND DEVELOPING A PROFESSIONAL VALUATION ORGANISATION 12 May 2013 The IVSC has published a new document providing good practice guidance about the role of the valuation profession and the role and responsibilities of valuation professional organisations. It is designed to be a practical tool to help those involved in establishing a valuation professional organisation, and to further develop existing valuation professional organisations.

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Accounting, Auditing and Accountability Journal

SPECIAL OFFER! - Emerald is pleased to offer all users of AccountingEducation.com FREE access to selected articles from AAAJ.

The journal, now in its 24th volume, will publish eight issues in 2011. At least one article from each issue will be freely accessible!

Latest addition - "Climate change: Explaining and solving the mismatch between scientific urgency and political inertia by Jonathan Boston and Frieder Lempp (AAAJ - Vol. 24 Iss. 8)

Access other articles from the 2008, 2009, 2010 and 2011 volumes here.

	Book of the Week
	Accounting Principles by Jerry Weygandt, Paul Kimmel and Donald Kieso

	Latest Job
	Technical Manager – Member Body Development 29 January 2013 IFAC, New York, NY, USA

	Latest event
	19th World Congress of Accountants 10 November 2014 - 13 November 2014 ( 4 days ) The Scientific Committee of the World Congress of Accountants 2014 invites the submission of original research papers to be published on the occasion of the 19th World Congress, in order to stimulate and feed the debate around the theme of the Congress:... Event added 30/04/13

	Latest Library Item
	Double Entries 16.20 01 December 2010 Author(s): Andy Lymer and Amelia Baldwin Type: Double Entries Archive Double Entries Newswire Issue16.20 November 22 2010

	Latest Link
	IFRS Resources pages 16 December 2012 Follow the link to download a list of some English language IFRS resources available to accounting academicians, students and others. Most of the Internet resources are available without charge (purchased access is indicated).