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April 2011 IFAC Global Digest
 




This monthly digest highlights the latest news and initiatives impacting the global accountancy profession from IFAC's 164 members and associates, government and regulatory bodies, and international organizations. IFAC receives its news from internal research, media reports, and submissions from our stakeholders. To subscribe to our other electronic publications, or to view and edit your subscription settings, please visit web.ifac.org/news/subscribe. IFAC member bodies are encouraged to send news items for consideration in upcoming issues to communications@ifac.org.
 
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Contents: April 2011

News from Member and Regional Accountancy Bodies

1.      NIA to Change Organization Name
2.      Young Chartered Accountants in India Eager to Join Business World
3.      Viewpoint: Accountants Have a Role to Play in Preventing Bad IPOs, Detecting Fraud
4.      FEE Releases Responses to Ethics Discussion Paper
5.      MIA Releases SME Case Study on Business Advisory Services
6.      CAPA Conference to be Held in September in Australia
7.      Joint Ventures Launched Among PAOs
 
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News from Government, Regulatory, and Other Organizations

1.      IFRS Foundation Creates XBRL Task Force
2.      PCAOB Likely to Change Auditor Reporting Model
3.      UK's House of Lords Releases Auditor Report
4.      World Bank Creates New Strategy to Support Development in Africa
5.      Spain Enacts New Sustainable Economy Legislation
6.      CFA Institute Survey Shows Derivatives as Most Serious Issue for Financial Markets
7.      NYSE Board Approves Deutsche Boerse Deal
8.      Viewpoint: Harmonization of Financial Regulatory Regimes in East Asia is Possible

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Recent Developments Related to the Financial Crisis and Economic Recovery


1.      IMF Moves to Share Role of Lender of Last Resort
2.      ISO Releases New Standard for Measuring Creditworthiness
3.      Belgium Introduces New Financial Sector Control Architecture
4.      Incoming Chair of IASB Calls for Higher Bank Capital Levels
 
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