Assurance and Business Advisory

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Tuesday, September 28, 2010

New Accounting Standards Take Effect in 2011 - Disclosure of Operating Segment Information

Taiwan’s Statement of Financial Accounting Standards No. 41 “Disclosure of Operating Segment Information” (SFAS 41) goes into effect on January 1, 2011. These standards are largely modeled on International Financial Reporting Standards No. 8 “Operating Segments” (IFRS 8), and their implementation will bring financial reports in Taiwan closer to full alignment with IFRS.

Tuesday, May 25, 2010

Capital reduction: poison or misunderstood medicine?

Capital reductions and increases have been the focus of shareholders’ meeting discussions of late, with shareholders’ concerns focused on whether proposed capital reductions, in particular, would harm their interests.