About "Global accounting consulting services"
The PwC global accounting consulting services practice is the coordinating function specializing in accounting consulting services related to the consistent application of International Financial Reporting Standards (IFRS) for territories around the world.
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PwC comment letter (IASB)PwC comments on the IASB's discussion paper on accounting for macro hedging
10/28/14 | Global accounting consulting services
PwC does not support an accounting model with a scope focused on Dynamic Risk Management as explored in the IASB paper.
PwC comment letter (IASB)PwC comments on IFRS Interpretations Committee's tentative agenda decision: IFRS 2–Share-based Payment
2/6/14 | Global accounting consulting services
In this comment letter, we respond to the boards tentative agenda decision: IFRS 2, Share-based payment – price difference between the institutional offer price and the retail offer price for shares in an initial public offering. We support the committee’s decision not to take this question onto the agenda but not for the reasons given. We are concerned that the reasons given for the agenda decision will increase diversity in practice regarding the application of IFRS 2 paragraph 13A and may also lead to diversity in the application of IFRS 13.
PwC comment letter (IASB)PwC comments on the IASB's proposed amendments to IAS 27 to allow equity method accounting
2/6/14 | Global accounting consulting services
In this comment letter, we do not object to the board’s proposal to restore the use of the equity method as one of the options to account for investments in subsidiaries, joint ventures and associates in an entity’s separate financial statements. However, we do not support the requirement for retrospective application of the exposure draft nor the proposed consequential amendment to IAS 28, Investments in Associates and Joint Ventures.
PwC comment letter (IASB)PwC Comments on Exposure Draft: Regulatory Deferral Accounts
9/5/13 | Global accounting consulting services
The PwC global network of firms expresses support of the proposed interim standard on regulatory deferral balances. The interim standard will help resolve practice problems in some jurisdictions and reduce the barriers to adopting IFRS, but will not increase diversity in practice among entities that already apply IFRS. Our letter also provides responses to the board's specific questions.
PwC comment letterPwC comment letter on the IIRC consultation draft of the international integrated reporting framework
7/23/13 | Global accounting consulting services
The PwC network of member firms submitted a comment letter supporting the IIRC’s consultation draft of the international integrated reporting framework.
PwC comment letter (IASB)PwC comments on IASB's exposure draft: Financial Instruments — Expected Credit Losses
7/11/13 | Global accounting consulting services
In this comment letter, the PwC global network of firms responded to the IASB’s exposure draft on Financial instruments: Expected credit losses. The PwC global network continues to support the development of a single converged model for credit impairment under both IFRS and US GAAP. We believe an expected loss approach that requires constituents to consider a broader information set, including future expectations, represents a significant improvement as compared to the incurred loss model used today.
PwC comment letter (IASB)PwC comments on IASB's request for information, Rate Regulation
6/13/13 | Global accounting consulting services
The PwC global network of firms supports the board’s efforts to gather information on the topic of rate regulation and provides suggestions for the board to consider for the discussion paper phase of the project.
PwC comment letter (IASB)PwC Comments on Exposure Draft: Clarification of Acceptable Methods of Depreciation and Amortization
4/15/13 | Global accounting consulting services
PwC agrees with the principle of the proposed amendments although we are not convinced that the amendments are necessary.
PwC comment letter (IASB)PwC Comments on Exposure Draft: Novation of Derivatives and Continuation of Hedge Accounting
4/2/13 | Global accounting consulting services
PwC supports the board’s efforts in clarifying whether an entity is required to discontinue hedge accounting when an over-the-counter (OTC) derivative is novated to a central counterparty (CCP) as required by law or regulation. We also appreciate the board’s responsiveness in addressing this urgent issue in a pragmatic way, as requiring entities to treat such novations as a discontinuance of hedge accounting would not provide useful information to investors.
PwC comment letter (IASB)PwC Comments on Exposure draft: Classification and Measurement: Limited Amendments to IFRS 9
3/28/13 | Global accounting consulting services
PwC agrees with the board’s objectives to amend IFRS 9 and commend the board on their progress in achieving those objectives. The letter includes key comments that we would like to raise with the board.
PwC comment letter (IASB)PwC Comments on Tentative agenda decision: IAS 10 Events after the reporting period—Reissuing previously issued financial statements
3/19/13 | Global accounting consulting services
Following consultation with members of the PwC network of firms, this response summarizes the views of member firms who commented on the tentative agenda decision, published in the January 2013 edition of IFRIC Update.
PwC comment letter (IASB)PwC Comments on IASB Request for Information: IFRS for SMEs
1/3/13 | Global accounting consulting services
PwC global network of firms submitted comments on the IASB's request for information on IFRS for SMEs. The comments provided have been grouped into six broad categories to simplify our response and to avoid repetition. The Firm comments specifically on the scope of the SME standard, convergence with IFRSs, income taxes, options, convergence with the EU directives and the use of additional IASB guidance for SMEs.
PwC comment letter (IASB)PwC Comments on Draft Interpretation DI/2012/1: Levies charged by public authorities on entities that operate in a specific market
9/12/12 | Global accounting consulting services
The PwC network global network of firms believes that the application of the conclusions in the draft interpretation will result in accounting that does not reflect the economic substance of many levies.
PwC comment letter (IASB)PwC Comments to the IASB on Tentative Agenda Decision: IAS 19 , Employee benefits - Accounting for contribution-based promises
7/30/12 | Global accounting consulting services
PwC global network of firms supports the Interpretations Committee's decision that the accounting for employee benefit plans with a promised return on contributions or notional contributions explored in the Draft IFRIC should be further considered.
PwC comment letter (IFAC)PwC Comments on IAASB Consultation Paper: Enhancing the Value of Auditor Reporting: Exploring Options for Change
10/26/11 | Global accounting consulting services
PwC global network of firms believes that the time is right to significantly enhance auditor reporting. Valuable enhancements can be made now that move us some way to achieving the goal of more informative and valuable auditor reporting. As solutions are developed, it is critical that there be active, continuous and open dialogue amongst auditing standard setters, regulators, users and other stakeholders. PwC global network urges the IAASB to work in collaboration with the PCAOB in relation to their respective consultation papers to develop solutions that work globally.
PwC comment letter (IFAC)PwC Comments on Proposed ISAE 3000 (Revised), Assurance Engagements Other Than Audits or Reviews of Historical Financial Information
9/15/11 | Global accounting consulting services
PwC global network of firms believes that the proposed standard provides a strong basis for the performance of all assurance engagements and will facilitate consistent high quality engagements, capable of being supplemented by clearly tailored topic-specific ISAEs as required, in response to the needs of users. PwC global network also believes that the revisions to the requirements and application material to better articulate the defining characteristics of a limited assurance engagement, together with the principles and differences between attestation and direct engagements, are useful.