Deloitte, the business advisory firm, has announced its annual survey of narrative reporting which shows that deregulation is necessary to improve communication in annual reporting, otherwise it will continue to be swimming in words.

Have you ever paused at the end of a quarter to assess the "extra" time your finance organization logs in to reconcile spreadsheets, close and consolidate the books, and issue your financial statements? It's likely that this "last mile" of your financial reporting preparation consumes days and weeks that could be used for other value-added activities-and too often, the governance you desire is out of reach.

Similarities between IFRS 4 Phase II and Solvency II are creating potential implementation synergies. However, Phase II introduces requirements which go beyond the scope of Solvency II, meaning insurers should take a more strategic view and build in flexibility to reduce investment in the future.

El gobierno corporativo ha evolucionado muy positivamente en España. Los dos aspectos más representativos de esta positiva evolución han sido la incorporación de consejeros Independientes y la mayor información acerca del Consejo de Administración y su funcionamiento tanto en términos de transparencia informativa como de cantidad de información facilitada.

This Briefing Sheet highlights key messages from the European Commission (the Commission) Green Paper Audit Policy: Lessons from the Crisis (the Green Paper).

This paper describes the key elements of the exposure draft and the proposed IASB and FASB changes that are likely to be of most significance to the telecom industry.

In its fiscal year 2010, the Deloitte member firm network became the largest private professional services network in the world. Approximately 170,000 professionals in more than 140 countries demonstrated their commitment to a single vision: to be the standard of excellence. This review shares results and examples illustrating that commitment. Collectively, they tell a story of success and leadership. Of shared values and goals. Of reaching new heights, As One.

La certificación de normas de calidad y de seguridad tiene una importancia considerable en la economía, en virtud de que permite asegurar que los productos y servicios se ajustan a unos determinados estándares y especificaciones. Durante la última década, la prestación de servicios de certificación ha sido objeto de varias resoluciones. En este Informe se analiza el marco regulatorio de estos servicios y se estudia en qué medida algunas de las conductas que han sido objeto de resoluciones continúan planteando problemas de competencia relevantes.

The 2010 Nordic Board Index is based on a survey of the largest listed companies of the Nordic countries and offers an overview and comparison of board practices in Denmark, Finland, Norway and Sweden.

EAE Business School presenta el estudio Los concursos de acreedores entre las empresas españolas, que mide el riesgo de las empresas españolas a entrar en concurso de acreedores y realiza una comparación internacional de los procesos concursales de las compañías.

Accountability and good governance essential to maximize development resources and reduce poverty. The report entitled A Closer Look: Attaining Accountability in the Development Sector, points out that accountability remains a vague concept that can be difficult to define and achieve. Many donors are uncertain how to assess and support a potential recipient's capacity for accountability, and many recipients struggle with the overwhelming bureaucracy that can come with such programs. Helping stakeholders move from goals to reality requires careful analysis and planning.

This publication illustrates common financial statements in accordance with the International Financial Reporting Standards (IFRS) specific to the oil and gas industry for the year ended 31 December 2010. While the statements herein are of fictitious companies, they will serve as a valuable resource guide when preparing your own IFRS statements.

To say Solvency II's group supervision regime is complex is an understatement. There are practical challenges of ensuring that both European solo and group requirements are met. Group supervision aims to protect the policyholders of European insurers from the risks associated with the wider group of which they are part, either due to the level of group connectivity, or due to insufficient coverage of the group's insurance risks with readily transferable capital.

Today, the world's capital markets know no borders. The participants in those markets need high quality, transparent, and comparable financial information to enable them to make sound economic decisions. The International Accounting Standards Board has been working to develop, in the public interest, a single set of high quality, understandable, and enforceable IFRS to serve equity investors, lenders, and other information users.

As institutions begin to emerge from the financial crisis and global economic downturn, their thoughts are turning towards preparations for the recovery. They are re-configuring business models to suit the new financial landscape. This is no less true in the supervisory area where global insurance regulators are beginning to come together in an effort to map out a uniform way to oversee insurance companies on a multi-jurisdictional level.

La evolución de los concursos de acreedores en España parece que empieza dar algunas señales de cambio de tendencia. Entre enero y junio de este año el número de insolvencias cayó un 2% -73 menos que en el mismo periodo de 2009 - aunque se mantiene todavía en cifras significativamente altas con 3.015 concursos, según el Baremo Concursal que trimestralmente elabora PwC a partir de la información publicada en el Boletín Oficial del Estado.

La crisis económica, y el nuevo paradigma surgido tras ella, exige a las compañías una mejora en la gestión y evaluación permanente de sus riesgos estratégicos: cuáles son las circunstancias y deficiencias que los motivan, los posibles efectos sobre los objetivos, las capacidades necesarias para gestionarlos, etc. En este contexto, la función de auditoría interna, en lugar de presentar una gran cantidad de datos inconexos, evolucionará hacia una integración con funciones de riesgos y cumplimiento, que ofrecerá unos servicios de más valor para la empresas.

Las limitaciones sobre el derecho de voto en las compañías cotizadas debería tramitarse a través de un proceso normativo propio e íntegro y no mediante de una enmienda a la Ley de Auditoría. Esta es una de las conclusiones del informe Reflexiones sobre las Limitaciones al Derecho de Voto, elaborado por el Centro de Gobierno Corporativo de Bankinter, Iberdrola, IE BusinessSchool y PricewaterhouseCoopers.

Aunque en nuestro país, el porcentaje de directivos que asegura que en su empresa se ha cometido un caso significativo de fraude es ligeramente menor que en el resto, 18% frente al 21% de la media de Europa Occidental, la cuestión de la responsabilidad individual es un asunto que quita el sueño cada vez más al Consejo de Administración, y así lo creen sus directivos.