RSM World of IFRS summarises key matters arising from recent IASB discussions and decisions, highlights RSM thought leadership from around the world, and addresses an IFRS application question each month.
This year’s theme for International Women’s Day is #BalanceforBetter, and the organisers have emphasised that balance is not a gender issue, it is a business issue. A blog by Jean Stephens, CEO of RSM International.
The RSM Transparency Report 2018 provides information on the structure and functions of the RSM network and how our global policies and procedures govern the provision of services that member firms provide to their clients.
The potential applications of blockchain technology are numerous, but the technology is complex and difficult to wield. Indeed, truly taking advantage of blockchain not only requires businesses to adapt existing business models, but to reimagine them from scratch.
Brussels: The best businesses from Belgium, the Netherlands and Luxembourg were honoured at an exclusive event last night at the British Residency, Brussels, for The European Business Awards sponsored by RSM.
North America and Europe generate approximately 75 per cent of digital content for Internet users worldwide. Amid weak GDP growth worldwide and flattening of traditional foreign trade and investment, international digital exchanges are rapidly growing. The challenge is how governance structures can be formed that reconcile 'public welfare' and 'individual privacy'.
When it comes to tax affairs, the biggest fear among clients is of committing an offence by accident. This article outlines a number of key tax areas to watch out for, including BEPS, US tax reform and the Paradise Papers.
Last month we held the annual RSM World Conference in Berlin, Germany. The conference hosted over 300 leaders from across the global network, with the theme of ‘No Limits’. Over three days, the conference agenda explored new initiatives and creative thinking approaches, fresh ideas for our client-led services and management practices, as well as sharing our valuable knowledge and expertise – all focused on continually embracing new and innovative ways of working in order to exceed our targets and the expectations of our clients.
How damaging is the KRACK Wi-Fi attack and can it simply be patched with software updates? RSM’s Cyber expert, Michael Shatter (National Director, Security and Privacy Risk Services) catches up with Daimon Geopfert, National Leader of Security and Privacy (RSM US) to discuss the issue further.
A guest blog by Rob Mander, International Tax Services, RSM . The international tax systems of the last decade haven’t kept up with the changing nature and pace of multinational groups of companies. In a world where so much business is conducted across borders, it is important that legislation and, more specifically, tax authorities have sufficient sight of the global allocation of income within multinational organisations.
RSM International Limited has prepared a model set of consolidated financial statements for a fictitious company called IFRS Statements Limited which, for the purpose of the exercise, is described as a company listed in Big City Stock Exchange and incorporated and domiciled in a fictitious country, Newland. The IFRS consolidated financial statements have been prepared according to all relevant Standards and Interpretations in force for reporting periods beginning on or after 1 January 2017.
Cyber risk is an ever evolving threat for 21st century business and as such, is a top of mind issue for today’s business leaders. A cyber security breach can have huge legal and financial ramifications for any business. High profile cyber-attacks are on the rise and governments are increasingly cracking down on cyber criminals.
RSM, through an integrated and coordinated approach with its member firms, developed detailed audit programmes for meat manufacturer in accordance with industry “leading practices” that are designed to assess internal control effectiveness in a harmonised fashion for the US domestic and international locations selected for internal audits.
Bob Dohrer, International Auditing and Assurance Standards Board (IAASB) Member and Chair of the IAASB Data Analytics Working Group, provides an update of the IAASB’s data analytics project, including the activities performed to date and the vision for the way forward.
2017 promises to be a rather momentous year, with international trade being re-shaped on both sides of the Atlantic and in the Pacific regions and with new business models stemming from innovative technology and enterprises. What does this mean for the future of accounting? In this issue we continue to provide some insight into the foreseeable developments of IFRS in Europe, in conversation with the CEO and Chairman of the Technical Experts Group of EFRAG, Andrew Watchman.
As the CEO of an international network, I am fortunate enough to be able to witness the global economic landscape evolving first-hand through my travels. Since the beginning of the year, I have visited nine different countries and learnt first-hand from RSM firms how their clients are reacting and responding to these economic changes.
Having sustainable growth is a staple for most businesses and can come in many forms. Both organic and inorganic growth strategies can be employed to increase revenues, but crucially, they also deliver many other benefits as well.
During the last two days, events were held in London and Zagreb to honour the UK, Croatia, Serbia, Slovenia and The Former Yugoslav Republic of Macedonia National Champions of the European Business Awards 2016/17 programme.
Reflections on the future of accounting and reporting - a conversation with the chairman of the Corportate Reporting Policy Group at the Federation of European Accountants, looking at the possible effects of Brexit on the development of IFRS.
The third edition of the RSM's Global Real Economy, with insight on the Trans Pacific Treaty, Brexit and it's effect on different industries, and the Rep. of Ireland's 2017 budget and how it relates to multinational companies.
China is home to a thriving community of mega businesses, but it also offers opportunities to foreign middle market companies that are looking to expand their footprint or launch in new markets. As a network we pride ourselves on having the local knowledge our clients need to succeed and a growing number of these clients see their future in China.
An article by David Bartlett, RSM's Economic Adviser. Foreign middle market businesses surveying the Chinese market in 2016 will encounter a more challenging environment than the one multinational corporations faced during the early years of China’s global economic opening.
Globalisation, which flourished in the early 2000s, has been ailing since the financial crisis of 2008. Its status has become so critical that, in recent months, many economists have been predicting its final, and to some inevitable, demise.