Assurance and Business Advisory
View this page in: 中文Thursday, May 29, 2008
A Cross-straits Comparison and Analysis of Equity-based Compensation
The release of Taiwan's new Statement of Financial Accounting Standards No. 39 – Share-based Payment (SFAS 39), with application expected to begin in 2008, set the stage for an upsurge in employee stock options from Taiwan-based corporations.......
Thursday, May 29, 2008
Financial Accounting Goes Global: Challenges for firms in Taiwan
International Financial Reporting Standards (IFRS) are accounting principles established by the International Accounting Standards Board (IASB). The IASB, in turn, was established in 1973........
Thursday, May 29, 2008
Intellectual Property Taxation Viewpoints and Globalization Strategies
In July of this year (2007), Philips mounted a multinational intellectual property challenge against Acer, citing patent infringement. From the manpower invested by the two sides, the sky-high compensation sought, and the ups and downs of each side's competitive posture.........
Thursday, May 29, 2008
New Standards for Reporting Equity-based Compensation and Their Effect on Financial Statements
After extensive deliberations involving industry, regulators and academia, new accounting treatment for expensing employee stock bonuses goes into effect on January 1, 2008. For Taiwan's financial accounting standards, this is one of the most significant breakthroughs in recent years........
Thursday, May 29, 2008
The Pharmaceutical Industry under IFRS Rules
The global trend towards applying International Financial Reporting Standards (IFRS) has altered the pharmaceutical manufacturing industry's annual reporting methods. For analysts, investors and other users of financial statements, meanwhile, IFRS has shifted the focus of analysis when looking at financial reports.
Thursday, May 29, 2008
Unifying Financial and Tax Accounts
A fair portion of newly-established companies outsource their bookkeeping out of cost considerations. If they adopt incorrect tax savings plans, such companies are likely to end up making tax declarations that differ from their actual operating results.....
Thursday, March 15, 2007
The Effect of FIN 48 "Accounting for Uncertainty in Income Taxes" on Companies in Taiwan
Corporate group enterprises have often been aggressive in their use of taxation-oriented transaction structures to lower, defer or avoid taxes and reduce their group-wide tax burdens.
Friday, March 9, 2007
Expensing Employee Profit Sharing
Harmonization of Taiwan's standards for the accounting treatment of employee stock options would not only affect the profits corporations report in their financial statements; it would also likely have a substantial impact on employee remuneration.
Friday, March 9, 2007
Future Directions for Group Audits
Today's corporations find themselves in an age characterized by globalization, but also by the active pursuit of synergies from consolidation. As enterprises expand, they find it expedient to organize into corporate groups.
Friday, March 9, 2007
Japan's Version of Sarbanes-Oxley and Japanese Firms in Taiwan
After a string of corporate fraud scandals that began with Enron, the Sarbanes-Oxley Act (or US-SOX) was passed in July of 2002 in order to restore investor confidence.
Friday, March 9, 2007
Reconsidering How to Get Taiwan-based Companies to Come List Shares in Taiwan
It has been reported that the number of companies listing on the Taiwan Stock Exchange or the GreTai Securities (over-the-counter) market in 2006 will have been the lowest in many years.
Tuesday, December 5, 2006
Asset Securitization and Public Company Financial Structure
Securitized products may have their origin in the US financial markets of the 1970s, but in Asia it was not until after the Asian financial crisis of the late 1990s that the market for such products really began to take off.
Tuesday, December 5, 2006
Consolidated Statements: How to Adjust the Financial Accounting of Mainland China Subsidiaries
Taiwan’s official Statement of Financial Accounting Standards No. 7 (SFAS 7), on consolidated financial statements, states that "When preparing consolidated financial statements.....
Monday, December 4, 2006
Foundations - a brief look at the financial, accounting and tax issues
Non-profit organizations occupy an important position in society between government and profit-seeking enterprises. They are generally established in order to address specific issues, and are most often organized as foundations (or foundational juridical persons, in legalese).
Monday, December 4, 2006
Misapplication of "Materiality" May Distort Financial Reporting
Materiality refers to where something in a financial statement may influence the users of such financial reporting to the extent that it causes them to make mistaken judgments. In other words.....
Monday, December 4, 2006
The Keys to Reading Consolidated Financial Statements - A Brief Introduction
In recent years, numerous Taiwanese companies have responded to competitive pressures by internationalizing and diversifying their businesses. Whether to better position themselves in their main markets or improve their production arrangements, many have established overseas (and domestic) investment holding companies, branch companies and manufacturing centers.
Wednesday, June 12, 2002
An Introduction to the Employee Treasury Stock System
For companies considering employee stock incentive plans, besides the familiar employee profit sharing and employee stock option (ESO) schemes, they may also want to consider using employee treasury stock as an alternative reward scheme.
Wednesday, June 12, 2002
Ministry Of Finance intends to increase the responsibility of CPAs in the assurance of financial statements
Taiwan's Ministry of Finance intends to increase the responsibility of CPAs in the assurance of financial statements
Wednesday, June 12, 2002
Statement of Financial Accounting Standards No. 35: Its Impact and How Businesses Can Respond
Taiwan’s Statement of Financial Accounting Standards no. 35 (SFAS 35) - "Accounting Treatment of Asset Impairment" - was issued on July 1, 2004.
Wednesday, June 12, 2002
The Nature and Impact of Taiwan's New Accounting Standards for Financial Derivatives
Taiwan’s new Statement of Financial Accounting Standards (SFAS) no. 34 - "Accounting for Financial Instruments" - was issued on Christmas day, 2003…
Wednesday, June 12, 2002
The Revised SFAS 7: Key Points and Probable Effects
With more and more Taiwanese manufacturers setting up factories in Mainland China in recent years, investors naturally become concerned that the resulting multi-tiered…
Wednesday, June 12, 2002
When Mandatory Financial Forecasts Go, What Path Should Firms Take?
The Financial Supervisory Commission (Executive Yuan) decided on 12 August to end mandatory financial forecasts by publicly traded companies, effective 1 January 2005.
Email
Print