The future of lease accounting (CAL July 2015)
The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) (‘the Boards’) have proposed to require all leases to be reported on balance sheet. The impact on lessee financial reporting, asset financing, IT, systems and controls could be substantial.
Second chances: The re-registration of corporate names (Taxwise, 13 August 2015)
Aimee writes: "Under the Corporation Code, no corporate name may be allowed by the Securities and Exchange Commission (SEC/Commission) if the proposed name is identical, patently deceptive, confusing or contrary to existing laws.