Publicaciones del Autor

  • FASB proposes narrow-scope improvements to accounting for lessors

    August 13, 2018 Published: FASB The Financial Accounting Standards Board (FASB) today issued a proposal that would reduce costs and ease implementation of the Leases standard for financial statement preparers. The proposal would also clarify a specific requirement in the standard related to lessor accounting. Stakeholders are encouraged to review and provide comment on the proposal by

  • Tips for teaching accounting ethics

    August 14, 2018 Published: Journal of Accountancy By Lea Hart Considering accountants deal with the intimate financial details of individuals and businesses, it’s important that they abide by strict ethical standards. “Ethics are the ‘why’ before the ‘how’ — why we do accounting; why accounting is important to society.” said Jeff Hillard, CPA, DM, associate

  • Discussion Paper Financial Instruments with Characteristics of Equity

    Discussion Paper Financial Instruments with Characteristics of Equity

    August 13, 2018 Published: IFRS The International Accounting Standards Board (Board) published the Discussion Paper Financial Instruments with Characteristics of Equity in June 2018. The Discussion Paper sets out the Board’s preferred approach to classification of a financial instrument, from the perspective of the issuer, as a financial liability or an equity instrument. The Discussion Paper also explores

  • PCAOB Seeks Public Comment on its Draft Five-Year Strategic Plan

    Washington, DC, Aug. 10, 2018 Published: PCAOB The Public Company Accounting Oversight Board today released a draft of its five-year strategic plan, for the first time inviting public comment on its areas of strategic focus in fulfilling its mission to protect investors and the public interest through high quality audit reports. After its own careful study

  • FASB Hedging Updates

    Published: FASB Members of the FASB hedge accounting team discuss the benefits of the new standard for investors and other financial statement users. https://www.fasb.org/home

  • IIRC offers research database on integrated reporting

    August 08, 2018 Published: AccountingToday The International Integrated Reporting Council unveiled an <IR> Academic Database on Wednesday, featuring more than 200 academic studies on the ramifications of integrated reporting, as well as discussing some of the best practices emerging in the field. Integrated reporting combines financial reporting and sustainability reporting, along with information about the governance, strategy,

  • FSB and standard-setting bodies consult on effects of reforms on incentives to centrally clear over-the-counter derivatives

    August 7, 2018 Published: IOSCO The Financial Stability Board (FSB), the Basel Committee on Banking Supervision (BCBS), the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published today a consultative document on Incentives to centrally clear over-the-counter (OTC) derivatives. Centrally clearing standardised OTC derivatives is a pillar of

  • Beyond robotics: How AI can help improve the audit process

    Aug 01, 2018 Published: AICPA by Guest Blogger The CPA profession has been hearing a lot about Robotic Process Automation (RPA), a software technology that can help auditors sift through structured data. But RPA can only do so much. Abigail Zhang, a PhD student in the Department of Accounting and Information Systems at Rutgers Business

  • GASB proposed Improvements to Reporting of Conduit Debt Obligations

    August 6, 2018 Published: GASB The Governmental Accounting Standards Board (GASB) has proposed revised guidance that would provide a single method for government issuers to report conduit debt obligations and related obligations. This proposed guidance would eliminate diversity in practice associated with these issues. Conduit debt obligations are debt instruments issued by a state or local government

  • IFAC and IAESB to Transition Standard-Setting Board to Different Model

    Aug 3, 2018 Published: IFAC IFAC (International Federation of Accountants) and the International Accounting Education Standards Board (IAESB) today announce a new path forward for global accountancy education and professional development. To remain relevant in an environment of rapid change, professional accountants increasingly must demonstrate skills beyond today’s typically-recognized accountancy competencies. The IAESB and IFAC

  • Anti-Fraud Collaboration Webcast: Non-GAAP Measures and Fraud Risk (July 2018)

    July 18, 2018 Published: The Caq Featuring a panel of top experts, this July 2018 webcast from the Anti-Fraud Collaboration explored the potential implications for fraud risk when it comes to the use of financial measures, presented outside the audited financial statements, that do not conform to US Generally Accepted Accounting Principles (GAAP).   

  • Start-Ups, la inversión en América Latina fue de USD 1000 millones

    1 de agosto de 2018 Publicado: Inversor Latam Esta suma es el doble de lo que se registró el año anterior. El año pasado 25 inversores globales hicieron su debut en la región, entre ellos Rethink Education, SoftBank, Telstra Ventures y The Rise Fund. La Asociación Latinoamericana de Capital Privado y Capital de Riesgo (LAVCA), informó que

  • Get a Handle on Critical Audit Matters

    July 30, 2018 Published: The Caq Cindy Fornelli is the Executive Director of the Center for Audit Quality Last year, following approval by the Securities and Exchange Commission, the Public Company Accounting Oversight Board (PCAOB) adopted a new auditing standard that significantly changes the auditor’s report—with equally significant implications for investors, audit committees and others.

  • FRC pushes Non-Financial Reporting in revised Strategic Report Guidance

    July 31, 2018 Published: The Accountant Author: Joe Pickard The UK’s Financial Reporting Council (FRC) has revised its Guidance on the Strategic Report to recognise the increasing importance of non-financial reporting. The guidance encourages companies to consider wider stakeholders and broader matters that impact performance over the longer term. The FRC said it believes ‘the integration of

  • FASB attempts to make lease accounting implementation easier

    By Ken Tysiac July 30, 2018 FASB has issued targeted changes to its new lease accounting standard that are designed to make implementation easier and reduce costs for financial statement preparers. Accounting Standards Update (ASU) No. 2018-11, Leases (Topic 842): Targeted Improvements, released Monday, makes transition requirements less burdensome and provides lessors with a practical

  • Exposure Draft, ISA 315 (Revised), Identifying and Assessing the Risks of Material Misstatement

    Published: Jul 16, 2018, 182 Pages, English, Comments due by: Nov 02, 2018 To ensure that International Standards on Auditing continue to form the basis for high-quality, valuable and relevant global audits, the IAASB Exposure Draft, ISA 315 (Revised), Identifying and Assessing the Risks of Material Misstatement, proposes more robust requirements and improved guidance to: – Drive consistent and effective identification

  • Tips for understanding critical audit matters

    By Ken Tysiac ( Journal of Accountancy editor) July 24, 2018 Auditors soon will be able to provide more helpful information in their audit reports by communicating “critical audit matters” in addition to the pass/fail opinion on the financial statements. Critical audit matters are the backbone of PCAOB Auditing Standard 3101, The Auditor’s Report on an Audit

  • How to motivate and retain talent

    July 19, 2018 Published: Journal of Accountancy Jacquelyn H. Tracy, CPA, CGMA, a founding partner with Mandel & Tracy LLC, discusses recruitment mistakes and ways to retain talent through motivation. Ver video     https://www.journalofaccountancy.com/videos/how-to-motivate-employees.html

  • Five Red Flags Your Internal Audit Department Is Losing Stakeholder Support

    july 16, 2018 by Richard Chambers Early in my career, I took for granted that internal auditing existed simply because it was necessary. Very rarely did anyone use terms like customers or stakeholders. I don’t remember ever hearing those terms during my first decade in the business. I knew that regulations of the U.S. Army,

  • Critical Audit Matters: Key Concepts and FAQs for Audit Committees, Investors, and Other Users of Financial Statements

    Critical Audit Matters: Key Concepts and FAQs for Audit Committees, Investors, and Other Users of Financial Statements

    July 24 , Center for Audit Quality This CAQ publication is designed to promote understanding of critical audit matters (CAMs), a new component of the auditor’s report required by a standard adopted in 2017 by the Public Company Accounting Oversight Board. The publication provides definitions, key concepts, implementation deadlines, frequently asked questions about CAMs, and

  • Protecting against claims of failure to detect theft

    By Samiha Khanna July 1, 2018 Professional liability claim data for claims asserted against CPA firms in the AICPA Professional Liability Insurance Program in 2017 show that — as in previous years — many clients believe that a CPA’s duties include spotting evidence of theft or fraud in company records, regardless of the type of service

  • FASB issues 16 minor amendments to lease accounting standard

    July 19, 2018 Published: Journal of Accountancy   FASB issued 16 minor amendments to its new lease accounting standard Thursday, clarifying rules and correcting application of guidance that the board had not intended when it created the standard. The lease accounting standard (codified in Topic 842, Leases) was issued on Feb. 25, 2016, and takes effect for public

  • Overview of the Discussion Paper Financial Instruments with Characteristics of Equity

    July 16, 2018 Published: IFRS In this webcast, International Accounting Standards Board (Board) Technical Director Kumar Dasgupta provides an overview of the Discussion Paper Financial Instruments with Characteristics of Equity that was published in June 2018. The Discussion Paper sets out the Board’s preferred approach to classification of a financial instrument from the perspective of the issuer as

  • IFAC and IBA sign Anti-Corruption Mandate

    July 19, 2018 Published: The Accountant The International Federation of Accountants (IFAC) and the International Bar Association (IBA) have signed an Anti-Corruption Mandate. Collaboration on the Mandate is a joint effort of the two organisations to help fight corruption, bribery, tax evasion, money laundering, and the financing of international terrorism. It comes ahead of a

  • GAO issues revised Yellow Book standards for government auditors

    July 17, 2018 Published: Journal of Accountancy Revised standards issued Tuesday by the U.S. Government Accountability Office (GAO) are designed to provide a framework for high-quality governmental audits, which include audits of government entities and entities receiving government awards. In a transmittal letter to the standards, U.S. Comptroller Gene Dodaro states that the new generally accepted

  • IAASB proposes Audit Risk Assessment Standards Revision

    July 17, 2018 Published: The Accountant By: Jonathan Minter The International Auditing and Assurance Standards Board (IAASB) has moved to update its standard on audit risk assessments, to take into account developments arising from IT. In an exposure draft for the proposed International Standard of Auditing 315 (revised) (ISA-315), the IAASB said that as IT

  • Public Sector Generation Next: Clear Career Paths Are Key

    July 16,2018 Published: IFAC By: Alex Metcalfe, Head of Public Sector Policy, ACCA Generation Next public sector workers are a dynamic group. They are the most optimistic about technological change and have significant entrepreneurial drive. They also believe that their finance background provides an excellent foundation for their future careers. The ACCA’s most recent sector-specific

  • OECD economic scenarios to 2060 illustrate the long-run benefits of structural reforms

    July 12, 2018 Published: OECD Policy choices made today can have important positive effects on future living standards, according to new long-term economic scenarios released by the OECD. The Long View: Scenarios for the World Economy to 2060 extends the usual short-run horizon of economic forecasters to better illustrate the potential benefits of reforms to education,

  • GASB: 2018 Look Ahead

    July 2018 Published: Governmental Accounting Standards Board (GASB) In this brief video, Dave Vaudt, GASB Chairman, and David Bean, GASB Director of Research and Technical Activities, preview what’s coming up and what to look for in the second half of 2018. Ver video       Link: https://www.gasb.org/jsp/GASB/Page/GASBSectionPage&cid=1176158425011

  • Mindset, Behaviors, Knowledge & Skills: Building a Roadmap for the Auditor of the Future

    Mindset, Behaviors, Knowledge & Skills: Building a Roadmap for the Auditor of the Future

    July 12, 2018 Published: The Caq The CAQ, in collaboration with the leading public company accounting firms and the American Institute of CPAs, developed this roadmap to help students understand what they will need to become successful auditors. Designed for both students and educators, this roadmap is a hands-on guide that outlines the mindsets, behaviors,

  • Presentación CMF “PdL Consejo Fiscal Autónomo, la estabilidad financiera y rol de la CMF” – Expositores: Kevin Cowan y Christian Larraín

    Presentación CMF “PdL Consejo Fiscal Autónomo, la estabilidad financiera y rol de la CMF” – Expositores: Kevin Cowan y Christian Larraín

    11 de julio de 2018 PdL Consejo Fiscal Autónomo, la estabilidad financiera y el rol de la CMF 11-07-18 Del seminario: Comisión de Hacienda de la Cámara de Diputados (11/07/2018)   Descargar PDF (1 mb)

  • Avoid these common not-for-profit financial statement mistakes

    July 10, 2018 Published: Journal of Accountancy At times during audit season, not-for-profit financial statement auditors may feel like medical professionals in January. They’re extremely busy, and many of the “patients” receive the same diagnosis. “It’s like flu season,” said Dennis Morrone, CPA, the national partner-in-charge of audit services in Grant Thornton’s not-for-profit and higher

  • Supporting IFRS 17 implementation: Insurance contracts issued by mutual entities

    Supporting IFRS 17 implementation: Insurance contracts issued by mutual entities

    July 10, 2018 Published: IFRS As part of our activities to support the implementation of IFRS 17 Insurance Contracts, we have today published educational materials for insurance contracts issued by mutual entities. This 12 page document covers: – what a mutual entity is; – accounting for contracts issued by a mutual entity; and – whether a

  • FECU SOCIAL

    FECU SOCIAL

    9 de julio 2018 Aproximadamente 200 entidades sin fines de lucro orientadas a la superación de la pobreza y exclusión social, que operan en nuestro país, participan a na Comunidad de Organizaciones Solidarias (COS) http://comunidad-org.cl, organización que desarrollo un formato estandarizado de Memoria Anual y Estados Financieros denominada “FECU SOCIAL”. Asimismo, desarrolló un Manual de

  • What Is A Blockchain Operating System?

    July 3, 2018 Published: FORBES By: Adrian Bridgwater Blockchain, as more and more people are finding out, is a ledger system for keeping records. More specifically, blockchain is an open (i.e. public, not held inside one company, unless it’s a private blockchain) distributed (it exists on many computers) immutable (it can not be altered, in

  • Scepticism: the practitioners’ take

    Scepticism: the practitioners’ take

    July 9, 2018 Published:  The Institute of Chartered Accountants in England and Wales (ICAEW)  Professional scepticism is central to the work of auditors and yet audit regulators and others continue to express concerns that auditors are not sufficiently sceptical. This report explores what auditors and other stakeholders think about how it can be enhanced and

  • Feature: Reducing the gap between insurance and other industries

    July 5, 2018 Published: IFRS By Gary Kabureck, Member, International Accounting Standards Board Existing accounting practices in the insurance industry are widely perceived as opaque and inconsistent. For companies applying IFRS Standards, the accounting for insurance contracts currently differs significantly from the accounting for other contracts. This diversity poses unnecessary difficulties for potential investors. In 2017,

  • Pregunta al Experto: La coexistencia del régimen semi integrado y el de renta atribuida

    5 de julio 2018 Publicado: DF El socio líder de Tax & Legal de KPMG en Chile, Francisco Lyon, explica los regímenes semi integrado y de renta atribuida que actualmente coexisten, luego de la Reforma Tributaria, pero propone simplificar ambos en uno solo, con algunos regímenes excepcionales que puedan complementar al sistema tributario.

  • ICAEW launches AI / Big Data scheme for corporate finance transactions

    July 4, 2018 Published: The Institute of Chartered Accountants in England and Wales (ICAEW) Wednesday 4 July 2018, A new initiative to use Artificial Intelligence and Big Data in corporate finance transaction services has been launched by ICAEW. Michael Izza, Chief Executive of the accountancy and finance body, announced the scheme today at ICAEW’s innovation

  • IOSCO seeks feedback on proposed good practices for commodities storage and delivery

    July 04, 2018 Published: IOSCO The Board of the International Organization of Securities Commissions (IOSCO) is requesting feedback on proposed good or sound practices to assist relevant storage infrastructures and their oversight bodies to identify and address issues that could affect commodity derivatives’ pricing and in turn affect market integrity and efficiency. In the report

  • SEC: Auditor Independence with Respect to Certain Loans or Debtor-Creditor Relationships

    July 3, 2018 Published: The Caq In this letter to the US Securities and Exchange Commission (SEC), the CAQ provides views on an SEC proposal to improve certain aspects of Rule 2-01(c)(1)(ii)(A) of Regulation S-X, referred to as the “Loan Provision.” The CAQ notes that the Loan Provision, as conceived, was designed to curb potential

  • IFRS for SMEs modules

    July 2, 2018 Published: IFAC – IFRS The IFRS Foundation is developing stand-alone modules, one for each section of the 2015 version of the IFRS for SMEs Standard. These modules are designed to provide support to anyone learning about, applying, or reading financial statements prepared using, the IFRS for SMEs Standard. Each module includes the following: – requirements—the full

  • Galería de Imágenes Charla del abogado Germán Concha: “Obligación de Denunciar y Auditores Externos”

  • Monitoring Group Summary of Feedback

    Monitoring Group Summary of Feedback

    May 31, 2018 Published: Monitoring Group The Monitoring Group has today published its Summary of Feedback of responses received to its earlier consultation Strengthening the Governance and Oversight of the International Audit-Related Standard-Setting Boards in the Public Interest. Responses to the Monitoring Group’s consultation on options for reform of auditrelated standard setting, show widespread support

  • Charla del abogado Germán Concha: “Obligación de Denunciar y Auditores Externos”

    Con fecha 27 de junio 2018, el directorio de la Asociación de Auditores Externos de Chile A.G., invitó a participar a cada socio / director de auditoría a Charla dictada por el abogado Germán Concha sobre “Obligación de Denunciar y Auditores Externos” El evento se realizó en premisas de EY, facilitadas gentilmente a AEChile” 

  • Foundation for Economies Worldwide = Small Business

    June 27, 2018 Published: IFAC By: Christopher Arnold and Manoj Fadnis Most organizations worldwide are small by size and the importance of small-and medium-sized enterprises (SMEs) to both developed and developing economies and societies is indisputable. According to the World Trade Organization, (World Trade Report 2016 Leveling the Trading Field for SMEs) SMEs represent over 90 per

  • Grants and Contracts

    June 21, 2018 Published: FASB Board Member Christine Botosan and FASB staff discuss the new standard on Not-for-Profit Grants and Contracts. Ver Video https://players.brightcove.net/2205030511001/default_default/index.html?videoId=5799415855001

  • Transforming the impact of financial information: the role of technology

    June 26, 2018 Published: IFRS Are traditional metrics still relevant? On 5 June 2018, CFA Institute and the IFRS Foundation hosted a panel debate at the Guildhall in London, asking whether traditional metrics are still relevant amidst rapid technological advancements. Moderator Jane Fuller captures some of the key points made during the discussion. If investing

  • IOSCO: Consultation Report on Good Practices for Audit Committees in Supporting Audit Quality

    IOSCO: Consultation Report on Good Practices for Audit Committees in Supporting Audit Quality

    June 26, 2018 Published: The Caq In this letter to the International Organization of Securities Commissions (IOSCO), the CAQ expresses its support for IOSCO’s view that the quality of financial reports, supported by an independent external audit, is key to confident and informed investors and markets. “Audit committees play an essential role in protecting the

  • The Changing Role of Accounting in Enterprise Performance Management

    June 26, 2018 Published: IFAC By: Larry White Accounting and the finance function have traditionally been identified as leaders in providing information for enterprise performance management (EPM).  But times are changing. Can performance ultimately be measured in financial reports?   Don’t financial reports guide management and the capital markets?  Isn’t the financial statement audit the ultimate

  • Identifying the Role of the Finance Function in Enterprise Performance Management

    Identifying the Role of the Finance Function in Enterprise Performance Management

    Jun 04, 2018 Published: IFAC For finance professionals to be viewed as business partners, they must contribute effectively to enterprise performance management (EPM) beyond traditional financial reporting and financial systems. This resource identifies why and how the finance function must evolve to support EPM, including: – Why EPM is critical to the future of the

  • Strategies for quality work in single audits

    June 25, 2018 Published: Journal of Accountancy Like many members of the CPA profession, single audit practitioners will be managing a change process while maintaining an intense focus on quality. The change coming soon is the imminent release of updated Generally Accepted Government Auditing Standards, also known as the Yellow Book. The updated Yellow Book

  • Proposal would clarify exception to client confidentiality rule

    June 22, 2018 Published; Journal of Accountancy A newly proposed AICPA ethics rule would clarify that certain reviews of a tax practice are included in the exceptions to the AICPA Professional Standards prohibition on disclosing confidential client information without the specific consent of the client. The limited exceptions to the “Confidential Client Information Rule” (ET §1.700.001) include an exception

  • The IFRS Taxonomy Illustrative Examples 2018 are now available

    June 20, 2018 Published: IFRS The IFRS® Foundation has published today the IFRS Taxonomy Illustrative Examples 2018. The examples demonstrate the use of IFRS Taxonomy 2018 elements by tagging the Illustrative Examples that accompany IFRS Standards. The examples are published in both the XBRL and iXBRL (Inline XBRL) formats. The IFRS Foundation has also made available

  • Finance’s role in driving innovation

    June 12, 2018 Published: Journal of Accountancy Organizations that don’t innovate can struggle to keep pace in a rapidly changing business environment. Consultant Bill Swedish offers insight into how finance teams can innovate. Ver video: https://www.journalofaccountancy.com/videos/finance-role-in-innovation.html

  • SEC unveils goals for next 4 years

    June 19, 2018 Published: Journal of Accountancy By Jeff Drew Technology and data are top of mind for the SEC in the initial draft of its strategic plan for fiscal years 2018–2022. The SEC sets three goals in the document, which was released for comment on Tuesday, but the overarching theme is the need for the commission

  • Presentación “Ciberseguridad en el Sistema Financiero” – Joaquín Cortez

    Presentación “Ciberseguridad en el Sistema Financiero” – Joaquín Cortez

    19 de junio de 2018 Del seminario: Comisión de Hacienda del Senado (19/06/2018) Descargar PDF (616 kb)  

  • IMA Management Accounting Competency Framework

    June 18, 2018 Published: Institute of Management Accountants (IMA) Management accounting, like many other fields, is being impacted by a large number of disruptive new technologies, including artificial intelligence (AI), blockchain, cognitive computing, and machine learning. To keep pace with the changing business environment and advancements in technology, IMA has analyzed the emerging competencies needed

  • IMA Management Accounting Competency Framework

    IMA Management Accounting Competency Framework

    June 18, 2018 Published: Institute of Management Accountants (IMA) Management accounting, like many other fields, is being impacted by a large number of disruptive new technologies, including artificial intelligence (AI), blockchain, cognitive computing, and machine learning. To keep pace with the changing business environment and advancements in technology, IMA has analyzed the emerging competencies needed

  • 5 Qualities Audit Committees Want a Corporate Controller to Possess

    June 14, 2018 Published: GoingConcern By: Jason Bramwell Open communication, face-to-face exposure, accountability: These are just some of the tenets of an effective relationship between the corporate controller and the audit committee. But after reading a couple of articles on what audit committees want from CFOs, I was curious to find out what audit committees expect

  • RegTech: the next big thing?

    June 15, 2018 Published: Accountancy Europe by Laura Buijs and Iryna de Smedt   Technology has long been used to help firms comply with financial and other regulations, but never has it been more in demand. The marriage of regulation and technology – or RegTech – is increasingly seen as ’the next big thing’ to

  • Voices of the OECD Forum: Shaping the Debate

    June 8, 2018 Published: OECD Speakers from the 2018 OECD Forum discuss how to improve our societies. https://www.youtube.com/watch?v=-j1lWRUun0s

  • Simplifying Auditing Standards for Small or Non-Complex Entities–Exploring Possible Solutions

    May 18, 2018 Published: IFAC By: Hilde Blomme Confidence in small business benefits us all. The difficulties of applying the International Standards on Auditing (ISAs) in small or non-complex entity audits are apparent, and as such the status quo is not an option. With our new publication, we aim to open the conversation to find an

  • El FMI elevó a 3.9% la perspectiva de crecimiento en América Latina

    13 de junio de 2018 Publicado: InversorLatam “La región debe aprovechar al máximo el potencial de la Cuarta Revolución Industrial, que es el presente, no el futuro, y está ahí lista para ayudar a la región a alcanzar un desarrollo sostenible”, WEF (Word Economic Forum). El Fondo Monetario Internacional (FMI) elevó a 3.9% la perspectiva de crecimiento para

  • COSO supplements ERM Framework with industry examples

    June 11, 2018 Published: AccountingToday The Committee of Sponsoring Organizations of the Treadway Commission, also known as COSO, has added a supplement to its widely used Enterprise Risk Management Framework, including detailed examples of how to use the ERM Framework, written by PwC under the direction of COSO’s board. The Compendium of Examples links together the

  • Public vs. Private Blockchains: What CPAs should know

    June 6, 2018 Published: AICPA Posted by Guest Blogger The word “blockchain” has been tossed around as if all blockchains are the same. Real-time access to information, increased transparency and encryption are standard benefits of any blockchain. However, there are two different types of blockchains: public and private, both of which are important for CPAs

  • Amid strong outlook for U.S. economy, risks abound

    June 6, 2018 Published: OECD The U.S. economy is experiencing one of the longest expansions on record, but the scars left by the Great Recession, as well as challenges posed by globalization and automation shocks, remain visible across the country, according to a new report from the OECD. The latest Economic Survey of the United States presents a

  • Be Beyond

    June 4, 2018 Published: AICPA Accelerated pace of change and advances in technology are creating the need for us to go beyond convention…..disrupting the ways in which we think, learn, communicate, conduct business. >>  Ver Video

  • Culture of ​Accountability

    June 05, 2018 Published: Internal Auditor  By: Neil Hodge Effective cultures encourage employees to take full ownership of their responsibilities — a process in which internal audit can play a strong role. Holding people and organizations to account has historically been a case of pinning blame on them for failures they either caused directly or

  • Charter of fundamental rights in the EU in 2017

    June 6, 2018 Published: European Commission Commission reports shows that further support to the respect and promotion of fundamental rights, the rule of law and democracy will remain central in 2018 The European Commission published today its annual Report on the EU Charter of Fundamental Rights. The report highlights that while 2017 was a year

  • The Digital Transformation Of Accounting And Finance – Artificial Intelligence, Robots And Chatbots

    June 1, 2018 Published: FORBES By: Bernard Marr It turns out that we might be at the perfect storm where how we store and access financial information combined with the maturation of tech capabilities are all in place to accelerate the digital transformation of accounting and finance. Just as others who faced the prospect of

  • OCDE ve más fuerte economía mundial, pero los riesgos ocupan un lugar preponderante

    30 de mayo de 2018 Publicado: OCDE La economía mundial está experimentando un crecimiento más fuerte, impulsado por un rebote en el comercio, mayor inversión y la creación de empleo boyante, y apoyado por la política monetaria muy acomodaticia y distensión fiscal, según el último de la OCDE  Economic Outlook . Se espera que el

  • Wes Bricker on Financial-reporting Structure

    May 1, 2018 Published The Caq By: SEC Chief Accountant Wesley Bricker To enhance investor understanding of America’s system of financial reporting, the Office of the Chief Accountant at the US Securities and Exchange Commission (SEC) has released a new set of infographics. One is a blueprint, offered in both complex and simplified versions, illustrating how

  • OECD: “Strong Progress” in Country-by- Country Reporting across The Globe

    29 May, 2018 Published: The Accountant By: Jonathan Minter Practically all countries that serve as headquarters to large multinational enterprises (MNEs) have introduced new country-by-country reporting obligations, an OECD progress report has found. Country-by-country exchanges are slated to begin in June 2018, and will see tax administrations worldwide collect and share detailed information on all

  • Voices: Differences between the FASB and IASB lease accounting standards, and how companies can prepare for both

    May 24, 2018 Published: AccountingToday By: Alex Klein   Accounting and finance organizations for many multinational businesses are currently working to create plans for two separate lease accounting standards: the Financial Accounting Standards Board’s ASC 842 and the International Accounting Standards Board’s IFRS 16. While the standards are similar in many ways, FASB and IASB

  • Privacy and your digital future

    May 24, 2018 Published: OECD “We care about your data privacy and security. With this in mind, we’re updating our privacy policy by 25 May 2018 in compliance with the EU’s General Data Protection Regulation (GDPR). Click to learn more.” You’ve probably seen messages like this filling your inbox and social media apps of late.

  • Better data protection rights for citizens and better rules for businesses

    May 25, 2018 Published: European Commission As of today, the new EU-wide data protection rules are becoming applicable after a two year transition period. The reform is an essential step to strengthening citizens’ fundamental rights in the digital age and facilitating business by simplifying rules for companies in the Digital Single Market. On 6 April

  • Highlights from the 2018 OECD Conference on unleashing the Potential of the Cyber Insurance Market

    March 28, 2018 Published: OECD Business Finance 22-23 February 2018 – The OECD held a Conference on unleashing the potential of the cyber insurance market. It provided an opportunity to exchange knowledge among policy makers and insurance market participants on addressing the challenges impeding the development of the cyber insurance market https://www.youtube.com/watch?v=DTTz1qdqDWU  

  • CBOK Stakeholder Report: Auditing Strategic Risks: Practical Insights from Internal Audit Leaders

    May 24, 2018 Published: The Institute of Internal Auditors Research Shows Stakeholders Want More From Internal Audit The latest Global Internal Audit Common Body of Knowledge (CBOK) Stakeholder Study report, Auditing Strategic Risks: Practical Insights from Internal Audit Leaders, reveals that nearly two-thirds (64 percent) of stakeholders want internal audit to take a more active role

  • New compilation and review report requirements issued

    May 23, 2018 Published Journal of Accountancy By Mike Glynn, CPA, CGMA   The AICPA Accounting and Review Services Committee issued a new standard Wednesday containing revised compilation and review reporting requirements. The requirements are contained in Statement on Standards for Accounting and Review Services (SSARS) No. 24, Omnibus Statement on Standards for Accounting and Review Services —

  • Presentación “CMF la nueva institucionalidad del mercado de valores y seguros” – Joaquín Cortez

    Presentación “CMF la nueva institucionalidad del mercado de valores y seguros” – Joaquín Cortez

    23 de mayo de 2018 Publicado: CMF Del seminario: VIII Jornada de Gobierno Corporativo UC (23/05/2018) Descargar PDF (1.4 mb)

  • Tech, people skills are key as accountants face changing demands

    May 21, 2018 Published: Journal of Accountancy By Ken Tysiac  Accounting and finance professionals are finding that they must continually learn, unlearn, and relearn to maintain their highly trusted position in a rapidly changing business environment. Accountants need to understand emerging technologies that are changing the profession, such as blockchain, artificial intelligence (AI), and robotic

  • Report to the Nations – 2018 Global Study on Occupational Fraud and Abuse

    Report to the Nations – 2018 Global Study on Occupational Fraud and Abuse

    Abril 2018 Published: ACFE – Association of Certified Fraud Examiners Fraud in general poses a tremendous threat to organizations of all types and sizes, in all parts of the world. This study contains an analysis of 2,690 cases of occupational fraud that were investigated between January 2016 and October 2017. The data presented herein is

  • Presentación “Integración de Mercados de Capitales” – Kevin Cowan

    Presentación “Integración de Mercados de Capitales” – Kevin Cowan

    22 de mayo de 2018 Publicado: CMF Del seminario: Presentación BID: Integración de Mercados de Capitales (21/05/2018)   Descargar pdf ( 1.2 mb)

  • Simplifying Auditing Standards for Small or Non-Complex Entities–Exploring Possible Solutions

    May 18,2018 Published: IFAC By Hilde Blomme and Noémi Robert / Accountancy Europe Confidence in small business benefits us all. The difficulties of applying the International Standards on Auditing (ISAs) in small or non-complex entity audits are apparent, and as such the status quo is not an option. With our new publication, we aim to open

  • Technology and Innovation Report 2018

    Technology and Innovation Report 2018

    Harnessing Frontier Technologies for Sustainable Development May 21, 2018 Published IFAC By: UNCTAD – United Nations Conference on Trade and Development   We live at a time of technological change that is unprecedented in its pace, scope and depth of impact. Harnessing that progress is the surest path for the international community to deliver on

  • Helping Companies Meet the Challenges of Managing Cybersecurity Risk

    Helping Companies Meet the Challenges of Managing Cybersecurity Risk

    May 15, 2018 Published: The CAQ This one-page fact sheet provides an overview of how and why the CPA profession can help companies meet the challenges of managing cybersecurity risk. Key points include the following: – CPAs operate under principles and standards of performance that have defined the accounting profession for over 125 years. –

  • Global Ethics Board Consults on Professional Skepticism

    May 14, 2018 Published: IFAC Public Comment Sought on Behaviors Associated with Exercise of Professional Skepticism The International Ethics Standards Board for Accountants® (IESBA®) seeks public comment by August 15, 2018 on its consultation paper, Professional Skepticism – Meeting Public Expectations. In response to regulatory and other stakeholder feedback on the topic, the paper explores: The behavioral characteristics comprised

  • Risks that matter

    May 14, 2018 Published: OECD What do people think their future holds? To better understand people’s worries, the OECD conducted a survey, called Risks That Matter, asking 20,000 people in 19 countries what they thought were the biggest risks facing them and their family. Read more at http://www.oecd.org/social/risks-that…   https://www.youtube.com/watch?v=Sv3qCvzBArQ

  • Voices Manual processing of reconciliations is a critical audit matter

    May 14, 2018 Published: AccountingToday By: Therese Tucker As the deadline approaches to comply with the new auditing standard adopted last year by the Public Company Accounting Oversight Board (PCAOB), auditors are girding to disclose “critical audit matters” or CAMs for the first time in their reports. Although auditor communication of CAMs currently is permissible

  • Internal Audit Foundation Releases New Anti-Bribery Report

    May 11, 2018 Published: The Institute of Internal Auditors With the global crackdown on bribery and corruption over the last decade, organizations are realizing the need to fully implement structured anti-bribery programs that are continuously monitored. A new report from the Internal Audit Foundation highlights the important role internal audit plays in assuring these programs

  • Presentación “Criptomonedas: Oportunidades y desafíos desde tres perspectivas” – Kevin Cowan

    Presentación “Criptomonedas: Oportunidades y desafíos desde tres perspectivas” – Kevin Cowan

    14 de mayo de 2018 Publicado: CMF Del seminario: Comisión de Hacienda de la Cámara de Diputados (14/05/2018) Descargar pdf (2 MB)

  • Financial Reporting Council (FRC): High Quality Audit Enhanced by Stronger Culture

    10 May 2018 Published: The Accountant Author: Joe Pickard The Financial Reporting Council (FRC) has found that high quality auditing is easier to achieve when firm culture promotes an ethical attitude towards working in the public interest. The report, Audit Culture Thematic Review, found that firms are investing time and effort to improve their firm-wide culture

  • AI and accountants’ intelligence: ‘The AI-ccountant’

    May 09 2018 Published: AccountingToday During its annual developers conference, which kicked off May 8, Google showcased a system named “Duplex AI,” a new technology for conducting natural conversations to carry out real-world tasks over the phone. Google will start testing the technology with the Google Assistant on smartphones to help users set up appointments

  • FASB Working with Stakeholders: Laeses

  • 5 things you need to know about the new international ethics code

    May 8, 2018 Published: Journal of Accountancy The new international Code of Ethics for professional accountants that was unveiled last month has been “long in the making,” according to Kim Gibson, CPA, a member of the International Ethics Standards Board for Accountants (IESBA) and chair of the board’s Rollout and Implementation Working Group. Gibson, who is the

  • IIA eyes risks confronting audit execs

    May 07 2018 Published: AccountingToday The Institute of Internal Auditors released a new report Monday during its international conference in Dubai about the main risks facing chief audit executives. The report, Top Risks Faced by Chief Audit Executives, discusses the top five risks faced by chief audit executives: talent management, data analytics, cyber, regulations, and responding

  • Top Risks Faced by Chief Audit Executives

    Top Risks Faced by Chief Audit Executives

    May 07 2018 The Institute of Internal Auditors released a new report Monday during its international conference in Dubai about the main risks facing chief audit executives. The report, Top Risks Faced by Chief Audit Executives, discusses the top five risks faced by chief audit executives: talent management, data analytics, cyber, regulations, and responding to disruption.

  • IFAC Perspective on Way Forward After Considering Objective Analysis of Monitoring Group Consultation Responses

    May 3, 2018 Published: IFAC IFAC (International Federation of Accountants) commissioned Gibson Dunn, a leading global law firm, to perform an independent qualitative and quantitative analysis of the public responses to the Consultation Paper published by the Monitoring Group: Strengthening the Governance and Oversight of the International Audit-related Standard-setting Boards in the Public Interest. A large number of responses

  • Management considerations for effective KPI disclosure

    May 6, 2018 Published: IFAC By CPA Canada (Chartered Professional Accountants Canada) Read about how management can effectively select and disclose key performance indicators (KPIs) in their corporate reporting to better meet investor information needs. Most Canadian public companies include KPIs in their Management Discussion and Analysis (MD&A) and earnings press releases. KPIs may also

  • The Brave New World of Artificial Intelligence

    18 marzo 2018 Published: OECD Artificial intelligence is a game-changer. It could boost global productivity from 0.8% to 1.4% a year. But with thorny issues like job automation and data privacy, does AI-spurred growth come at a cost? For more info please visit: https://www.oecd-forum.org/channels/722 

  • SEC Launches Additional Investor Protection Search Tool

    May 2, 2018 Published: The Securities and Exchange Commission (SEC) The SEC’s “SALI” Tool Will Allow Investors to Identify Individuals Subject to Judgments or Orders in Enforcement Actions. The Securities and Exchange Commission today announced the launch of an additional online search feature that enables investors to research whether the person trying to sell them

  • EU Members Sates only follow basic requirements of Non- Financial Reporting Directive

    1 May 2018 Published: The Accountant Author: Joe Pickard CSR Europe, GRI and Accountancy Europe have found most EU member states are only implementing the basic requirements of the EU Directive on Non-Financial and Diversity Information. The directive was launched in 2014 by the European Commission (EC) to help align non-financial reporting with the United

  • FinREC issues 2 revenue recognition working drafts

    May 1, 2018 Published: Journal of Accountancy Revenue recognition issues in the gaming and telecommunications industries were the focus of working drafts published Tuesday by the AICPA Financial Reporting Executive Committee (FinREC). The issues discuss considerations to be made when companies in those industries implement FASB’s new revenue recognition standard. When completed, the issues will

  • Lease accounting standard proves daunting for many

    Lease accounting standard proves daunting for many May 30, 2018 Published: AccountingToday With the effective date for the new lease accounting standard taking effect at the end of the year for public companies, many are finding themselves unprepared and their accounting systems in need of an upgrade. “The approach for implementing this lease accounting pronouncement

  • Internal Audit Foundation Releases New Artificial Intelligence Research Report

    April 26, 2018 Published: The Institute of Internal Auditors (IIA) Educating Practitioners on Unique Risks Posed by Data Use The Internal Audit Foundation has released a new research report, Artificial Intelligence – The Data Below, to make internal auditors aware of the different ways AI applications use data and the unique risks this poses. By educating practitioners on

  • Income Taxes

    April 23, 2018 Published: FASB Featuring FASB Chairman Russ Golden and FASB staff, this video focuses on how, as a result of the Tax Cuts and Jobs Act, the FASB is addressing accounting and implementation issues related to income taxes. Ver video haciendo click en la imágen o en el link inferior.      

  • Updating the Auditor’s Report: Opportunities and Challenges

    April 3, 2018 Published: NACD National Association of Corporate Directors By Cindy Fornelli, CAQ Executive Director  “The new audit report is a great opportunity for the profession.” So spoke Marty Baumann, chief auditor and director of professional standards at the US Public Company Accounting Oversight Board (PCAOB), at a panel during the American Accounting Association (AAA)

  • Commission proposes new EU-wide standards that will guarantee a high level of protection for whistleblowers who report breaches of EU law

    Whistleblower protection 23 April 2018 Published: European Commission The European Commission proposed today a new law to strengthen whistleblower protection across the EU. Recent scandals such as Dieselgate, Luxleaks, the Panama Papers or the ongoing Cambridge Analytica revelations show that whistleblowers can play an important role in uncovering unlawful activities that damage the public interest

  • IOSCO seeks feedback on good practices to assist audit committees in supporting audit quality

    24 April 2018 Published: IOSCO The Board of the International Organization of Securities Commissions (IOSCO) is requesting feedback on its proposed good practices for audit committees to support audit quality. IOSCO published today its Consultation Report on Good Practices for Audit Committees in Supporting Audit Quality, which is intended to assist audit committees of issuers

  • The debt of nations

    April 20, 2018 Published: ICAEW (The Institute of Chartered Accountants in England and Wales) Over the past century, many governments have become increasingly dependent on borrowing to finance public spending. In the last two decades alone there has been a dramatic increase in borrowing by governments to nearly £30 trillion, more than three times the

  • Learning from the Pioneers—New Corporate Insights on Integrated Reporting

    April 20, 2018 Published: IFAC By: Yen- pei Chen is a Corporate Reporting and Tax Manager in ACCA’s Professional Insights team Against a backdrop of declining public trust in businesses and business leaders, integrated reporting provides a tool to help businesses regain the trust of investors and other key stakeholders, from customers to employees. ACCA

  • SEC Proposes to Enhance Protections and Preserve Choice for Retail Investors in Their Relationships With Investment Professionals

    April 18, 2018 Published: The Securities and Exchange Commission The Securities and Exchange Commission today voted to propose a package of rulemakings and interpretations designed to enhance the quality and transparency of investors’ relationships with investment advisers and broker-dealers while preserving access to a variety of types of advice relationships and investment products. Under proposed

  • Fewer fraud cases going to law enforcement: ACFE

    April 17 2018 Published: AccountingToday There has been a sharp drop in the percentage of fraud cases that get handed over to law enforcement, the Association of Certified Fraud Examiners (ACFE) reported Tuesday. In the ACFE’s biennnial Report to the Nations, the group noted that between January 2016 and October 2017, 58 percent of cases were

  • Top questions for investors about revenue recognition

    April 16 2018 Published: Accounting Today  The CFA Institute has some advice for investors about the main questions they should be asking about the new revenue recognition standard. In a recent report, Revenue Recognition: Top 10 Questions Investors Should Ask About the Adoption of the New Standard, Sandra Peters, head of the Financial Reporting Policy Group

  • SEC Unveils Public Service Announcement to Promote Background Checks on Investor.gov

    April 16, 2018 Published: SEC The Securities and Exchange Commission today unveiled a public service announcement (PSA) to encourage investors to check the background of their investment professional by using the free search tool on Investor.gov before investing.  Investor.gov, the SEC’s website dedicated to individual investors, provides investors with tools and resources to help them invest wisely and avoid fraud. “Investor education is an important

  • CAQ helps boards manage cybersecurity risk

    April 12, 2018 Published: AccountingToday The Center for Audit Quality has released a tool to help members of the boards of public companies oversee cybersecurity risk management in their organization. The publication, Cybersecurity Risk Management Oversight: A Tool for Board Members, offers questions that board members can use as they discuss cybersecurity risks and disclosures with

  • Data Will Drive Audit Quality

    April 5, 2018 Published: IFAC by Alan Anderson Technological transformations will drive enhanced insight for auditors, says Alan Anderson, owner of consultancy firm ACCOUNTability Plus. Here’s how the mass volumes of data that businesses now produce will allow for higher-quality audits and efficiencies for auditors. http://www.ifac.org/global- knowledge-gateway/audit- assurance/discussion/data- will-drive-audit-quality    

  • How Management Contributes to Audit Quality

    April 9, 2018 Pubished IFAC By Taryn Abate What role can management play in improving audit quality? It is a question that has been largely ignored since the financial crisis of 2008. Instead, initiatives aimed at improving audit quality have focused almost singularly (and understandably) on what auditors could and should be doing. The reality

  • Cybersecurity Risk Management Oversight: A Tool for Board Members

    Cybersecurity Risk Management Oversight: A Tool for Board Members

    April 12, 2018 Published: The Caq Cybersecurity Risk Management Oversight: A Tool for Board Members provides key questions board members can use as they discuss cybersecurity risks and disclosures with management and CPA firms. The questions are grouped under four key areas: 1- Understanding how the financial statement auditor considers cybersecurity risk 2. Understanding the role

  • IESBA rewrites code of ethics for accountants

    April 10 2018 Published: Accounting Today The International Ethics Standards Board for Accountants has released a new code of ethics for accountants that’s been rewritten to make it simpler to navigate, use and enforce. The International Code of Ethics for Professional Accountants (including International Independence Standards) clarifies how accountants should cope with independence and ethics issues and

  • International Code of Ethics for Professional Accountants (including International Independence Standards)

    International Code of Ethics for Professional Accountants (including International Independence Standards)

    Apr 09, 2018 Published: IFAC – IESBA Early Implementation Preparations Encouraged The International Ethics Standards Board for Accountants® (IESBA®) today released a completely rewritten Code of Ethics for Professional Accountants that is easier to navigate, use and enforce. Beyond the new structure, the Code brings together key ethics advances over the past four years, and is clearer about

  • The Financial Reporting Council (FRC) Regulador del UK, implements updated sanctions to auditors, accountants and actuaries.

    9 Apr 2018 Published: The Accountant By Joe Pickard The Financial Reporting Council (FRC), the UK’s independent regulator, has published updated guidance for the Tribunal that hears FRC Enforcement cases involving auditors, accountants and actuaries. The updated guidance has implemented the recommendations which were provided by a publication by an independent review of the sanctions

  • 4 Key Steps for CFOs to Instill Integrated Thinking and Reporting

    April 9, 2018 Published: IFAC by Laura Leka and Stathis Gould Chief Financial Officers (CFOs) are natural leaders in integrated reporting and embracing this gives them the opportunity to shine as “changemakers” in their organizations, where they inspire new thinking and understanding of value creation. This is according to a new publication, ‘Creating Value – CFO Leadership

  • Voices: AICPA proposes independence rules for tech services

    April 06 2018 Published: AccountingToday With 73 percent of Accounting Today’s “2018 Top 100 Firms” reporting growth in their technology consulting business in the past year, they will want to pay attention to a recently released American Institute of CPAs’ proposal on independence rules for non-attest services. On March 15, the institute’s Professional Ethics Executive

  • RegTech Will Help Transform Audit

    February 23, 2018 Published: IFAC By: Liv Watson RegTech, that is Regulatory Technology, will probably have a profound effect on the audit profession—and audit will need to adapt, according to Liv Watson, Co-Chair, Institute of Chartered Accountants of England and Wales’ Natural Capital Accounting, Structured Data Task Force and Senior Director, Strategic Customer Initiatives at Workiva.

  • IOSCO issues recommendations to improve regulatory reporting and transparency in corporate bond markets

    Madrid 05 April 2018 Published: IOSCO The Board of the International Organization of Securities Commissions (IOSCO) published today itsrecommendations for improving the information on secondary corporate bond markets available to both regulators and the public. The recommendations seek to ensure that regulators have better access to information so they can perform their functions more effectively,

  • CAQ Tool Helps Audit Committees Oversee Implementation of New Leases Accounting Standard

    April 4, 2018 Published: The Caq The Center for Audit Quality (CAQ) released a new tool designed to help audit committees exercise their oversight responsibilities as companies implement a new leases accounting standard that begins to take effect in January 2019. Only 21 percent of finance, accounting and other professionals say their companies are “extremely”

  • Preparing for the Leases Accounting Standard: A Tool for Audit Committees

    Preparing for the Leases Accounting Standard: A Tool for Audit Committees

    April 4, 2018 Published: The Caq Preparing for the Leases Accounting Standard: A Tool for Audit Committees is designed to help audit committees exercise their oversight responsibilities as companies implement a new leases accounting standard that begins to take effect in January 2019. The tool includes an overview of the new standard and offers important questions

  • GASB offers guidance on debt disclosures, direct borrowings and placements

    April 02, 2018 Published: AccountingToday The Governmental Accounting Standards Board released guidance Monday to improve debt-related disclosures in notes to financial statements, including how they address direct borrowings and direct placements. In Statement No. 88, Certain Disclosures Related to Debt, including Direct Borrowings and Direct Placements, GASB spells out which liabilities governments should include in their

  • How we will learn to love big data in 2018

    27 March 2018 Published: ICAS By Chris Sheedy, CA Today Leading futurist and keynote speaker Ross Dawson, who regularly consults to accounting, finance and banking bodies, spoke with Chris Sheedy about the single greatest opportunity that the future holds for accountants. There are a lot of reasons to be happy about putting 2017 behind us.

  • IASB finishes revising conceptual framework

    March 29, 2018 Published: IFRS The International Accounting Standards Board (Board) has today issued a revised version of its Conceptual Framework for Financial Reporting that underpins IFRS® Standards. The Conceptual Framework sets out the fundamental concepts of financial reporting that guide the Board in developing IFRS Standards. It helps to ensure that the Standards are conceptually consistent and that similar

  • Accountants can help companies meet SEC demand for cybersecurity disclosures

    March 27 2018 Published: AccountingToday The Securities and Exchange Commission recently issued guidance on disclosures by public companies of the cybersecurity risks they are facing and what they’re doing to address those risks. Accountants can play a role in helping companies by providing assurance and attestation services to make sure they’re taking steps to mitigate

  • International Accounting Standards Board seeks comments on proposed amendments to IAS 8

    27 March 2018 Published: IFRS The International Accounting Standards Board (Board) has today published for public consultation proposed narrow-scope amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. IAS 8 sets out the criteria for selecting and changing accounting policies. Companies change accounting policy either as a result of new requirements in IFRS

  • Inteligencia artificial, qué sucede con la seguridad y la privacidad de los datos

    26 de marzo de 2018 Published: INVERSOR LATAM By: Weber Canova, vice-presidente de Tecnología de TOTVS. El intercambio de información posibilita un benchmarking con el mercado. Esta colaboración ayuda a las organizaciones a conocer mejor el mercado en el que actúan y tomar decisiones más acertadas para un crecimiento sostenible. La velocidad de surgimiento de nuevas

  • New FAQs address familiarity threats for long-tenured senior engagement personnel

    March 21, 2018 Published: Journal of Accountancy Two new Frequently Asked Questions (FAQs) issued by the AICPA Professional Ethics Division provide nonauthoritative guidance for the effects on independence when senior personnel have been on an attest engagement team for a long period. The new FAQs have been added to the end of the Professional Ethics

  • Controllers Talk About the Paths They’ve Taken Toward SOX Compliance

    March 19, 2018 Published: GoingConcern By Jason Bramwell As we approach the “sweet sixteen” of the Sarbanes-Oxley Act later this summer, corporate controllers provided some perspective on how SOX compliance efforts have changed with the times and what challenges they continue to face. “I’ve seen quite a few SOX changes through the years and improvements to internal

  • Video – Non-GAAP Measures: A Roadmap for Audit Committees

    March 14, 2018 Published: The Caq To accompany its March 2018 report, Non-GAAP Measures: A Roadmap for Audit Committees, the CAQ released a video featuring interviews with audit committee chairs. The video provides context and real-life examples of how audit committees think about and oversee the use of non-GAAP financial measures.   Link directo a Thecaq.org:

  • Mixed results seen in early revenue recognition standards implementation

    March 20, 2018 Published: AccountingToday Businesses that were early adopters of the revenue recognition standard that’s taking effect for public companies this year have been running into some issues with regulators and investors, according to some observers. The Financial Accounting Standards Board, with the support of the Securities and Exchange Commission, set an effective date

  • Ten Key Regulatory Challenges for 2018

    Ten Key Regulatory Challenges for 2018

    Actions to Drive Effective Change in Financial Services December 2017 Published: KPMG Effects from the anticipated deregulatory policy agenda have not resulted in the dramatic lessening of regulatory challenges for financial services providers that had been predicted. In 2018, regulators clearly will continue to expect an overall strengthening of core risk management governance, controls, practices,

  • Sec accepts 2018 GAAP Financial Reporting Taxonomy

    March 19, 2018 Published: FASB Financial Accounting Standards Board (FASB) today announced that the U.S. Securities and Exchange Commission (SEC) has accepted the 2018 GAAP Financial Reporting Taxonomy. The FASB also announced that the SEC has accepted the 2018 SEC Reporting Taxonomy (SRT), which is new this year. The 2018 GAAP Financial Reporting Taxonomy contains updates for accounting

  • SBIF publica el documento “Modelo Chileno de Supervisión Basada en Riesgos” que es aplicado al sistema bancario

    SBIF publica el documento “Modelo Chileno de Supervisión Basada en Riesgos” que es aplicado al sistema bancario

    9 de marzo 2018 Publicado por SBIF Con esta publicación, la institución busca dar a conocer el modelo de supervisión aplicado a las entidades bancarias y contribuir a la generación de mayores niveles de consenso y convergencia internacional en materia de supervisión bancaria efectiva. En el marco de su objetivo de aumentar la transparencia y accountability,

  • How blockchain might affect audit and assurance

    March 15, 2018 Published: Journal of Accountancy   Although emerging blockchain technology may significantly change financial statement auditing, accounting professionals will continue to have an important role in the audit and may see new opportunities related to blockchain, according to a newly released audit and assurance alert. Blockchain technology forms the foundation for an internet-based

  • CAQ offers advice for audit committees on non-GAAP measures

    March 16 2018 Published: AccountingToday The Center for Audit Quailty has released a new publication offering considerations for audit committee members to help with oversight of non-GAAP measures. The publication, Non-GAAP Measures: A Roadmap for Audit Committees, outlines considerations for audit committees, including how to assess whether a company’s non-GAAP metrics offer a balanced representation of

  • Non-GAAP Measures: A Roadmap for Audit Committees

    Non-GAAP Measures: A Roadmap for Audit Committees

    March 16 2018 Published: The Caq Presenting themes that emerged at a series of 2017 roundtables, Non-GAAP Measures: A Roadmap for Audit Committees provides a set of key considerations for audit committees, including leading practices to assess whether a company’s non-GAAP metrics present a balanced representation of the company’s performance. GAAP information serves as a foundation for

  • AICPA releases dual reporting auditing interpretation

    March 14 2018 Published: AccountingToday The American Institute of CPAs’ Auditing Standards Board has issued an auditing interpretation to help accountants comply with standards from both the AICPA and the Public Company Accounting Oversight Board. Auditing interpretation No. 4, “Reporting on Audits Conducted in Accordance With Auditing Standards Generally Accepted in the U.S. and the

  • Understanding the Accountant’s Role in Corporate Governance

    November 29, 2016 Published: IFAC by Marc Palker Accountants are the gatekeepers of governance and financial reporting, says Marc Palker, Principal at MPP Associates and IMA Chair, Global Board of Directors. By more effectively communicating corporate governance structures from the top down, organizations can facilitate more accurate and ethical information. http://www.ifac.org/global-knowledge-gateway/governance/discussion/understanding-accountant-s-role-corporate-governance  

  • Revised ISO 31000 Risk Management Standard: Still a Good Reference but Not Substantially Improved

    March 13, 2018 Published: IFAC by Vincent Tophoff, Senior Technical Manager, IFAC Earlier this year, the International Organization for Standardization (ISO) issued the revised standard ISO 31000 – Risk management, which provides principles, framework and a process for managing risk in any organization regardless of its size, activity or sector. Users of the previous version will find

  • Key audit matters: unlocking the secrets of the audit

    March 13, 2018 Published: ACCA The global implementation of the IAASB’s changes to auditor reporting standards is broadly a year old. We set out to discover what difference a year makes. Concept of the key audit matter (KAM) The concept of a KAM was borne out of investor demand for more detail on the audit

  • IOSCO seeks to protect senior investors from financial fraud, unsuitable investments and other risks

    Madrid 12 March 2018 Published: IOSCO The Board of the International Organization of Securities Commissions has published today a report that examines the growing vulnerability of ageing investors to financial fraud and other risks and identifies sound practices for enhancing their protection. The report Senior Investor Vulnerability reveals that seniors are at a higher risk

  • Senior Investor Vulnerability

    Senior Investor Vulnerability

    Madrid 12 March 2018 Published: IOSCO The Board of the International Organization of Securities Commissions has published today a report that examines the growing vulnerability of ageing investors to financial fraud and other risks and identifies sound practices for enhancing their protection. The report Senior Investor Vulnerability reveals that seniors are at a higher risk

  • Companies hurry to adopt new hedge accounting standard

    March 09 2018 Published: AccountingToday Some companies have opted to early adopt the new hedge accounting standard, particularly banks, even though they’re still dealing with other new accounting standards. The Financial Accounting Standards Board issued its hedging standard last August, making it effective for public companies in 2019 and private companies in 2020, but also

  • Women in Leadership Roles

    March 6, 2018 Published: IFAC by Kimberly Ellison, Former Chair, AICPA Women are effective leaders—in part because they are multi-taskers, says Kimberly Ellison-Taylor, Former Chair, AICPA, and Global Accounting Strategy Director, Oracle. Women are often able to get multiple things done while managing stress very well. Women in leadership roles frequently excel at listening and

  • Environmental, Social and Governance (ESG) reporting on the rise

    6 March 2018 Published: The Accountant Author: Stephanie Wix Environmental, social and governance (ESG) reporting trends are on the rise, according to a report by the World Business Council for Sustainable Development (WBCSD) and the Climate Disclosure Standards Board (CDSB). The report found that environmental topics have been emerging in reporting requirements, yet governance topics

  • Voices: Five questions for the Accounting Singularity

    March 05 2018 Published: AccountingToday By: Daniel Hood You may have heard of the Singularity — the moment predicted by futurists when the evolution of computers and software reaches a point that a true “artificial intelligence” is created. Beyond that, the futurists say, everything in our world will change so rapidly and so profoundly that

  • Cuenta Pública CMF 2014-2017

    Cuenta Pública CMF 2014-2017

    Descargar clikeando la imagen o Link a CMFChile http://www.cmfchile.cl/portal/publicaciones/610/articles-24637_doc_pdf.pdf    

  • Cuenta Pública SBIF 2017

    Cuenta Pública SBIF 2017

    Descargar desde la imagen o directamente desde el link. http://www.sbif.cl/sbifweb3/internet/archivos/publicacion_12013.pdf

  • ASB issues auditing interpretation on dual reporting

    March 6, 2018 Published: Journal of Accountancy The AICPA Auditing Standards Board (ASB) issued an interpretation Friday to help auditors comply with reporting requirements under both AU-C Section 700 and PCAOB Auditing Standard No. 3101. Auditing Interpretation No. 4, Reporting on Audits Conducted in Accordance With Auditing Standards Generally Accepted in the United States of America

  • Risk Management crucial to effective strategic leadership, says ACCA

    2 March 2018 Published: The Accountant Company boards should focus on risk assessment, reporting and control to align with governance policies and objectives, because appropriate risk taking can protect them from potential losses and help them to exploit opportunities, according to research from the Association of Chartered Certified Accountants (ACCA). The report Risk and the

  • FASB addresses accounting for implementing certain cloud-computing arrangements

    March 1, 2018 Published: Journal of Accountancy FASB issued a proposed Accounting Standards Update (ASU) on Thursday that would clarify the accounting for implementation costs related to a cloud-computing arrangement that is a service contract. The proposal also would add new disclosure rules for implementation costs for internal-use software and cloud-computing arrangements. In issuing the

  • Flexibility & A Transparent Corporate Culture Will Help Attract Top Talent

    February 23, 2018 Published: IFAC by Lisa Simpson, Associate Director, Firm Services, AICPA Attracting and retaining talent requires a transparent corporate culture, work structure flexibility, and leadership engagement, according to Lisa Simpson, Associate Director of Firm Services at the American Institute of CPAs. Today’s top talent want a culture where they feel engaged and heard,

  • ACCA supports regulatory approach to initial Coin Offerings

    27 February, 2018 Published: The Accountant Author: Stephanie Wix While blockchain technology and cryptocurrencies are developing there needs to be a balance between regulation, risk management and innovation, according to The Association of Chartered Certified Accountants (ACCA). Originally developed to fund blockchain based innovation, Initial Coin Offerings (ICOs) are when investors receive coins/tokens rather than

  • Study suppots shorter auditor tenure

    Study suppots shorter auditor tenure 27 February, 2018 Published: Accounting Today By: Michael Cohn Efforts in the U.S. and Europe to encourage public companies to change auditors have largely failed, according to a new academic study. The study examined how audit regulators in the U.S. and Europe have responded to calls for mandatory auditor rotation.

  • Most companies are struggling with new lease accounting standard

    February 26 2018 Published: AccountingToday By: Ranica Arrowsmith Three quarters of companies find the new lease accounting standard set forth by the Financial Accounting Standards Board to be more complex than expected.   The FASB standard, released in 2016, requires organizations that lease assets to recognize on the balance sheet the assets and liabilities for

  • Report of the Emerging Economies Group posted

    Report of the Emerging Economies Group posted

    26 February, 2018 Published: IFRS Emerging Economies Group The Emerging Economies Group (EEG) was created in 2011 at the direction of the IFRS Foundation Trustees, with the aim of enhancing the participation of emerging economies in the development of IFRS Standards. This Report of the Emerging Economics Group provides a summary of the 14th EEG

  • SEC Adopts Statement and Interpretive Guidance on Public Company Cybersecurity Disclosures

    February 21, 2018 Published: SEC The Securities and Exchange Commission voted unanimously to approve a statement and interpretive guidance to assist public companies in preparing disclosures about cybersecurity risks and incidents. “I believe that providing the Commission’s views on these matters will promote clearer and more robust disclosure by companies about cybersecurity risks and incidents,

  • Monitoring Group announced Second Consultation

    February 22, 2018 Published: The Accountant In a statement the monitoring group – a set of international financial institutions and regulatory bodies responsible for the overall governance of the international audit-related standard-setting process and the review of its effectiveness – said that it had received responses from a wide variety of stakeholders, including investors, the

  • Fasb proposed update to list of permissible U.S. Benchmark Interest Rates for Hedge Accounting

    February 20, 2018 Published: FASB The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) that would expand the list of U.S. benchmark interest rates permitted in the application of hedge accounting. Stakeholders are encouraged to review and provide comment on the proposal by March 30, 2018. FASB Accounting Standards Codification® Topic

  • Quality Assurance for Audit – Good Practice Guide

    August 4, 2017 Published: CAPA (Confederation of Asian and Pacific Accountant) This ‘Quality Assurance (QA) for Audit Good Practice Guide (GPG)’ was prepared by ICAEW as part of the Project TA-8740: Strengthening Financial Management in Asia and the Pacific (48191-001), a regional technical assistance program funded by the Asian Development Bank (ADB). This GPG provides the “why”, “what”

  • Fintech, la inversión mundial alcanzó los USD 31 mil millones

    20 de febrero de 2018 Publicado por Inversor Latam La inversión total y global en los últimos tres años en tecnología financiera llegó a USD 122 mil millones, Y el financiamiento de Fintech en las Américas creció en USD 5.9 mil millones, según KPMG. El informe Pulse of Fintech, acerca de los fondos de inversión

  • Auditor’s Role in Tackling Financial Crime

    20 February 2018 Published: The Accountant Accountancy Europe has released frequently asked questions explaining the role of the auditor in tackling financial crime, the legal basis of their responsibilities and what auditors can do in practice. The publication is based on the information paper Auditor’s role in fighting financial crime published in December 2017, which outlined how auditors

  • Frequently Asked Questions (FAQ) on the auditor’s role in tackling financial crime

    Frequently Asked Questions (FAQ) on the auditor’s role in tackling financial crime

    19 February 2018 Published: Accountancy Europe Society expects the auditor to play an important role in uncovering financial crime. This FAQ aims to further explain the auditor’s role by answering questions we have been receiving. This publication builds on the information paper Auditor’s role in fighting financial crime which provides a comprehensive overview of the auditor’s key responsibilities.

  • SEC Suspends Trading in Three Issuers Claiming Involvement in Cryptocurrency and Blockchain Technology

    February 16, 2018 Published: SEC The Securities and Exchange Commission today suspended trading in three companies amid questions surrounding similar statements they made about the acquisition of cryptocurrency and blockchain technology-related assets. The SEC’s trading suspension orders state that recent press releases issued by Cherubim Interests Inc. (CHIT), PDX Partners Inc. (PDXP), and Victura Construction

  • Tenets of a quality audit

    15 February 2018 Published: IFAC – ACCA Think ahead By: Andrew Gambier – ACCA Quality auditing remains vital to public confidence and there is keen interest in initiatives that help keep up the pace of improvement. Standard setting In 2014, the International Auditing and Assurance Standards Board (IAASB) issued ‘A Framework for Audit Quality’, which

  • Long Term Value Creation Through Integrated Reporting

    Long Term Value Creation Through Integrated Reporting

    Questions and Answers for Professional Accountancy Organizations (PAOs) February 14, 2018 Published: IFAC Integrated reporting is critical to long term value creation. Since IFAC issued Policy Position Paper 8, Enhanced Organizational Reporting: Integrated Reporting Key, professional accountancy organizations (PAOs) and other interested organizations have raised various issues and questions as they explore and encourage integrated reporting.

  • Voices: 5 common types of back office occupational fraud, and how Artificial Intelligence (AI) can stop them

    February 15 2018   Published: Accounting Today By: Anant Kale Often with their gray file cabinets and outdated paint jobs, corporate backrooms aren’t the most scintillating destinations, or topics of conversation. Yet for many companies they remain vitally important as the epicenter of occupational fraud detection.   So what are the most common tactics of

  • How Can the New ERM Framework Help You?

    February 12, 2018 Published: IFAC Patrick Stroh, Institute of Management Accountants Global Board Member and President, Business Strategy Innovation at Mercuiry Business Advisors, shares insights on the recently updated COSO Enterprise Risk Management (ERM) Framework. He highlights how the guidance moves from mitigation and controls to value creation, growth, innovation, and strategy. The updated framework focuses

  • IFAC Response to the Monitoring Group Consultation

    February 09, 2018 Published: IFAC   International standards for auditing and ethics play a critical role in the global financial infrastructure, assisting in promoting economic stability and international consistency, and in doing so, enhancing international financial and capital flows essential to a thriving global economy. This is especially important for emerging economies. International standard setting

  • What tax reform means for audit committees

    February 9, 2018 Published: Journal of Accountancy By Ken Tysiac Any new development that has a significant impact on company financial statements and risk profiles requires serious attention from audit committees. One such development is the enactment of P.L. 115-97, known as the Tax Cuts and Jobs Act. Depending on the company, the law may

  • IFIAR Board responds to Monitoring Group Consultation Paper

    February 9, 2018 Published: IFIAR On November 9, 2017 the Monitoring Group issued the consultation paper Strengthening the Governance and Oversight of the International Audit-related Standard-setting Boards in the Public Interest, which set out various options to enhance the governance, accountability and oversight of the international audit standard setting process.   The IFIAR Board has submitted

  • Building Your Firm’s Accounting Advisory Services

    January 29, 2018 Published: IFAC By: Samantha Mansfield, Director of Professional Development & Community, CPA.com There are two major costs when taking client accounting advisory services into account: technology and people, according to Samantha Mansfield, Director of Professional Development & Community at CPA.com. For technology expenses, firms need to plan for experimentation time, to try

  • SEC Office of Compliance Inspections and Examinations Announces 2018 Examination Priorities

    February 7, 2018 Published: SEC The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) today announced its 2018 examination priorities. OCIE publishes its exam priorities annually to improve compliance, prevent fraud, monitor risk, and inform policy. Of particular interest this year will be matters involving critical market infrastructure, duties to retail investors, and developments

  • 2018 National Exam Program Examination Priorities

    2018 National Exam Program Examination Priorities

    February 7, 2018 Published: SEC The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) today announced its 2018 examination priorities. OCIE publishes its exam priorities annually to improve compliance, prevent fraud, monitor risk, and inform policy. Of particular interest this year will be matters involving critical market infrastructure, duties to retail investors, and developments

  • International Accounting Standards Board issues narrow-scope amendments to pension accounting

    February 7, 2018 Published: IFRS Plan Amendment, Curtailment or Settlement (Amendments to IAS 19) specifies how companies determine pension expenses when changes to a defined benefit pension plan occur. IAS 19 Employee Benefits specifies how a company accounts for a defined benefit plan. When a change to a plan—an amendment, curtailment or settlement—takes place, IAS

  • GASB requests public input on Revenue and Expense Recognition

    February 1, 2018 Published: GASB The Governmental Accounting Standards Board (GASB) has issued for public feedback an Invitation to Comment (ITC) on the development of a comprehensive revenue and expense recognition model for state and local governments. The GASB’s objectives in developing a comprehensive model are: – To create a more robust framework to address a wide

  • Voices: The ABCs of better independence compliance

    February 5, 2018 Published: Accounting Today By: Cathy Allen   I hear it all the time – firms struggle with independence compliance. Understanding, applying, and getting it right is not so easy, but there are three key things firms can do to enhance compliance. These can be categorized as: Promote awareness. Communicate well. Create good

  • 7 revenue recognition issues exposed by FinREC

    February 1, 2018 Published: Journal of Accountancy By Ken Tysiac Seven new revenue recognition implementation issues were exposed in working drafts issued by the AICPA Financial Reporting Executive Committee (FinREC) on Thursday. Once completed, the working drafts will be added to the AICPA’s revenue recognition guide, which provides industry-specific considerations for implementing FASB’s new revenue

  • Comités de auditoría de alto rendimiento

    Comités de auditoría de alto rendimiento

    Opinión fuente: PULSO 02/02/2018 Por Renzo Corona Spedaliere – socio líder de Auditoría, PwC Chile. En su función de supervisar el proceso de información financiera y representar los intereses de todos los accionistas, los integrantes de un Comité de Auditoría, con frecuencia, deben cuestionar el juicio de la administración o desafiar sus conclusiones. En estos

  • IOSCO’s Monitoring Group consultation

    31 January 2018 Published: Accountancy Europe We responded to the International Organization of Securities Commissions’ Monitoring Group consultation on strengthening the governance and oversight of the international audit-related standard-setting boards in the public interest.   Read all the document in: https://www.accountancyeurope.eu/wp-content/uploads/180131-Response-to-MG-Consultation-Accountancy-Europe.pdf  

  • What Top Skills Do Professional Accountants Need for the Future?

    January 14, 2018 Published: IFAC By: Tom Hood, Executive Director & CEO, Maryland Institute of CPAs How can professional accountants use their skills to anticipate the future? Tom Hood, Executive Director and CEO of the Maryland Association of CPAs, talks about the top skills accountants need in this age of artificial intelligence, robotics, and machine

  • International Integrated Reporting Council reacts to High Level Expert Group on Sustainable Finance call for greater integration

    January 31, 2018 Published: The International Integrated Reporting Council (IIRC)   The International Integrated Reporting Council (IIRC) has welcomed the call from the High-Level Expert Group on Sustainable Finance for European action towards greater integration in corporate reporting. The Group, which released its final report today, has called on the European Commission to “place greater

  • Enterprise Risk Managment

    Enterprise Risk Managment

    January 23, 2018 Published: the World Business Council for Sustainable Development (WBCSD) Applying enterprise risk management to environmental, social and governance-related risks. This document was developed by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and the World Business Council for Sustainable Development (WBCSD). This document summarizes the forthcoming draft application guidance: Enterprise risk management

  • Why Accountants Must Embrace Machine Learning

    January 29,2018 Published: IFAC By: Donny Shimamoto There is currently much fear and hype around Artificial intelligence (AI) and its impact on accountants. In Gartner’s Hype Cycle of Artificial Intelligence, the majority of AI applications are climbing and cresting the Peak of Inflated Expectations—meaning that expectations are high and many technologies are already failing to

  • What Firms Should Know About Gen Z and Millennials

    What Firms Should Know About Gen Z and Millennials

    January 22, 2018 Published: Accounting web By: Deanna Arteaga With the accounting profession still facing a shortage of new talent and scores of baby boomer CPAs set to retire, it is more critical than ever for accounting firm leaders to do all they can to fill the talent pipeline Over the last decade that meant

  • FASB task force tackles cloud computing costs

    January 25, 2018 Published: AccountingToday By: Michael Cohn   The Financial Accounting Standards Board’s Emerging Issues Task Force plans to propose new rules for how to deal with cloud computing service costs. At a meeting last week, the EITF discussed how to account for implementation, setup, and other upfront costs incurred in cloud computing arrangements

  • FASB clarifies lease standard’s application to land easements

    January 25, 2018 Published: Journal of Accountancy By Ken Tysiac FASB issued an Accounting Standards Update (ASU) on Thursday that clarifies the application of the board’s new lease accounting standard to land easements and makes adopting the leases standard easier for some land easements. Land easements represent the right to use, access, or cross another

  • IFRS Standards and their impact on financial stability and long-term investments

    25 January, 2018 Published: IFRS Questions are sometimes asked about whether there is a connection between IFRS Standards and financial stability – and also about whether IFRS Standards encourage long-term or short-term investments. Here are two presentations that tackle those questions: IFRS® Standards and financial stability This presentation explores the impact of accounting volatility on financial

  • Lease simplification efforts

    26 January, 2018 Published: FASB Responding to stakeholder concerns about the new leasing standard, the FASB took steps to reduce unnecessary complexity, cost, and uncertainty without impacting the ultimate information provided to investors. http://www.fasb.org/fasboutlook  

  • PCAOB identifies most frequent 2016 audit issues

    January 1, 2018 Fuente: Journal of Accountancy PCAOB inspectors identified three areas where audit deficiencies were most frequently identified in 2016, according to a recently published board staff inspection brief. The areas with most common deficiencies were:  – Assessing and responding to risk of material misstatement. For example, in some cases the auditor did not perform tests of details

  • Los datos no mienten… ¿o sí?

    22 enero 2018 Fuente: El Mundo.es Opinión: Alberto Iglesias Fraga No es ningún secreto que vivimos en la era de los datos, en la que la información se ha configurado como el mayor activo -como así reseñaba en estas mismas líneas la pasada semana- para las compañías, mientras que los números han sucedido al ingenio

  • We need to understand impacts better

    22 January, 2018 Fuente: Integrated Reporting <IR> Author: Tom Levitt, Author, The Company Citizen   My new book, The Company Citizen, argues that the problems of the planet, nation and community can’t be resolved without the active engagement of business, alongside other sectors – and furthermore, that a business case can be made for that

  • Tax & Legal: Tax News

    Tax & Legal: Tax News

    Enero 2018 Fuente: KPMG Contenido: –       Renta 2018 –        Listado de Paraísos Tributarios –        Establecimiento Permanente –        Subsidio Fijo a la Construcción     Descargar pdf ( 265 kb)

  • IOSCO Board Communication on concerns related to Initial Coin Offerings (ICOs)

    18 January 2018 Fuente: IOSCO Initial Coin Offerings (ICOs, also known as token sales or coin sales), typically involve the creation of digital tokens – using distributed ledger technology – and their sale to investors by auction or through subscription, in return for a crypto-currency such as Bitcoin or Ether (or more rarely for government-backed

  • The IFRS 17 accounting model in one page

    January 17, 2018 Fuente: IFRS Today we publish a simple one-page summary of the accounting model in IFRS 17 Insurance Contracts. This summary will help stakeholders understand different elements of the model and how they will be displayed on a company’s balance sheet and in its profit or loss statement. You can also download the one-page summary

  • How to develop a global mindset

    January 16, 2018 Fuente: Journal of Accountancy Today’s business world is a far cry from yesteryear. An increasing number of organizations operate worldwide, and they are more diverse internally. And that means professionals — including CPAs — must be adept at dealing not only with employees from various backgrounds, but with workers and clients in

  • CES 2018 Was a Catalyst of Innovation

    January 19,2018 Fuente: ces.tech Consumer Electronics Show Las Vegas, January 9-12 / 2018 CES is the world’s gathering place for all those who thrive on the business of consumer technologies. It has served as the proving ground for innovators and breakthrough technologies for 50 years — the global stage where next-generation innovations are introduced to

  • Voices Art of Accounting: What our clients pay us for

    January 15 2018 Fuente: AccontingToday By: Edward Mendlowitz   Did you ever think about your value to your clients and what they are paying you for? I do, frequently, and I try to make sure I deliver more value than they expect. Here are some things that I believe clients pay for and expect: –

  • Exposure Drafts and Consultation Papers, Surveys & Reports: IESBA Fees Questionnaire

    Exposure Drafts and Consultation Papers, Surveys & Reports: Fuente: IFAC Update: The IESBA has extended their deadline to March 1, 2018 to give stakeholders an extra month to respond to their Fees Questionnaire. See more information: https://www.ifac.org/publications-resources/iesba-fees-questionnaire  

  • IASB issues IFRS Taxonomy Update for IFRS 17 Insurance Contracts

    11 January 2018 Fuente: IFRS The International Accounting Standards Board (Board) has today issued an update to the IFRS Taxonomy 2017 for IFRS 17 Insurance Contracts. The IFRS Taxonomy Update includes IFRS Taxonomy elements to reflect the new presentation and disclosure requirements introduced by IFRS 17 Insurance Contracts, issued by the Board in May 2017. For the IFRS Taxonomy

  • Audit committees will be dealing with new accounting standards and tax reform this year

    Fuente: AccountingToday.com   / Por Michael Cohn, editor in chief. Michael Cohn Audit committees at public companies will have plenty on their agendas this year, according to a pair of new reports from KPMG, including new accounting standards, the new tax law, cyber security and more. The reports, On the audit committee agenda and On the

  • CPAs Helping to Fight Against Cyberattacks

    January 12, 2018 – Fuente: AICPA Learn how CPAs can help businesses fight cyberattacks. Whether an organization is designing a new cybersecurity program or needs an assurance report on one already in place – CPAs skilled in information management and technology are ready to serve.

  • The Independent Audit Is Highly Valued

    The Independent Audit Is Highly Valued

    January 10, 2018 Fuente: The CAQ   By wide margins, investors, audit committees, and other key users of financial statements see independent auditors playing a critical and valuable role in capital markets. Descargar PDF (217 kb)

  • Asamblea Anual 2017

    Con fecha 5 de octubre se celebró Asamblea Anual de AEChile. Las materias tratadas, según lo dispuesto en los Estatutos de la Asociación, fueron las siguientes: 1) Cuenta Anual del Presidente de la Asociación; 2) El directorio aprobó los Estados Financieros al 30 junio 2017 y el presupuesto 2017/18 y 3) Acuerdos principales tomados por

  • The risks, and potential rewards, of rotating chief audit executives

    January 1, 2018 Fuente: Journal of Accountancy Best practices The expectations and standards set by a company’s audit committee can go a long way toward helping any chief audit executive (CAE), on a rotation or otherwise. Here are some considerations for companies in ensuring the success of a CAE who might come from another part

  • Tech Trends 2018

    Tech Trends 2018

    The symphonic enterprise Este año el informe destaca ocho tendencias claves que podrían afectar las estrategias y los resultados comerciales de las empresas. Fuente: Deloitte   El tema de este año, “The Symphonic Enterprise”, es una idea que describe la estrategia, la tecnología y las operaciones trabajando juntas, en armonía, a través de dominios y

  • CMF: Normativa Interna de Funcionamiento

    CMF: Normativa Interna de Funcionamiento

    29 de diciembre de 2017 Fuente: SVS La Superintendencia de Valores y Seguros (SVS) informa que, en el marco de la puesta en marcha de la Ley N° 21.000, que crea la Comisión para el Mercado Financiero (CMF), el Consejo del nuevo organismo aprobó su Normativa Interna de Funcionamiento. Esta normativa regula los aspectos básicos

  • 08 January 2018 IFRS 9 and IFRS 15 are now effective

    IFRS 9 Financial Instruments IFRS 9 was issued in 2014 and replaces IAS 39 Financial Instruments: Recognition and Measurement. It consists of three different parts: classification and measurement, impairment and hedge accounting. The most significant change resulting from IFRS 9 is how banks account for loan losses, though the Standard is also relevant for other companies. To

  • Brace yourself for AI and blockchain

    At first glance, the threats seem clear: One type of software will learn how to perform all manner of business functions, particularly in finance and accounting, while another will continuously validate any set of data or information. Between them, artificial intelligence and blockchain seem poised to disrupt — or even destroy — many of the

  • FASB proposes tweaks to leasing standard

    The Financial Accounting Standards Board is proposing a new accounting standards update to reduce the costs of the new lease accounting standard and make implementing it a little easier. The proposed update would simplify some of the transition requirements and offer lessors a practical expedient for separating nonlease components from lease components. The changes would

  • Audit fees continued to increase in 2016

    Auditing fees kept up their steady pace of increase over the past six years, according to a new report, climbing from $7.6 billion in 2010 to $9.2 billion in 2016. The ratio of audit fees over revenue also grew to $541 per $1 million of revenue, according to the report, from the research firm Audit

  • 10 accounting tech trends for 2018

      Technology is being seen as a solution for time management, labor shortages, communication and collaboration — and accounting firms are no exception. Based on feedback from more than 85 member firms during BKR International’s Worldwide Meeting in London, here are the top 10 technologies that accounting firms plan to embrace or enhance in 2018.

  • Final rules govern election out of centralized partnership audits

    The IRS issued final regulations (T.D. 9829) that implement the rules for electing out of the centralized partnership audit regime enacted by the Bipartisan Budget Act of 2015, P.L. 114-74, and amended by the Protecting Americans From Tax Hikes Act of 2015, P.L. 114-113. The regulations apply to partnership tax years beginning after Dec. 31,

  • IRS works on withholding guidance for tax reform law

    The Internal Revenue Service said it is working on developing withholding guidance to implement the tax reform bill signed into law on December 22. “We anticipate issuing the initial withholding guidance in January, and employers and payroll service providers will be encouraged to implement the changes in February,” said the IRS. “The IRS emphasizes this

  • STAFF GUIDANCE CHANGES TO THE AUDITOR’S REPORT EFFECTIVE FOR AUDITS OF FISCAL YEARS ENDING ON OR AFTER DECEMBER 15, 2017 UPDATED AS OF DECEMBER 28, 2017

    STAFF GUIDANCE CHANGES TO THE AUDITOR’S REPORT EFFECTIVE FOR AUDITS OF FISCAL YEARS ENDING ON OR AFTER DECEMBER 15, 2017 UPDATED AS OF DECEMBER 28, 2017

    PCAOB Nota del Editor de AECHILE Este documento emitido el 28 diciembre 2017 es el mismo documento del 4 de diciembre 2017 con aclaración de auditor tenure página 4. Descargar pdf 288 (kb)

  • FSOC Publishes 2017 Annual Report, Highlights Cybersecurity and Financial Innovation Risks

    Buckley Sandler LLP USA December 22 2017 On December 14, the Financial Stability Oversight Council (FSOC) released its 2017 annual report. The report reviews financial market developments, identifies emerging risks, and offers recommendations to enhance financial stability. Highlights include: – Cybersecurity. The report notes that financial institutions need to work with regulators to improve cybersecurity

  • APUNTE HISTÓRICO N° 205 ÚLTIMO Y FINAL DE LA SERIE

    *Apunte histórico del Sr. Carlos Valdivieso Se cierra el año 2017 correspondiendo mi apunte histórico número 205  que he destinado al incendio de la iglesia de la Compañía  ocurrido hace 154 años el 8 de diciembre del año 1863. Estimados lectores; durante cuatro años; semana a semana he escrito  estos apuntes; lo he hecho con

  • EU data protection advisory body issues guidance on setting “effective, proportionate and dissuasive” fines under the GDPR

    Ropes & Gray LLP The EU’s data protection advisory body, the Article 29 Data Protection Working Party (WP29), has adopted Guidelines on the application and setting of administrative fines for the purposes of the General Data Protection Regulation 2016/679/EU. Administrative fines are described in the introduction as central to enforcement and “a powerful part of

  • Countries slow on EU audit legislation implementation

    Author: Stephanie Wix Published: 22 Dec 2017 A state of play report from Accountancy Europe has found that Norway, Iceland, Croatia, Slovenia and Liechtenstein have not yet implemented EU audit legislation at all, in comparison to the 26 countries in Europe that have already fully implemented. The main topics on the EU audit legislation includes

  • El árbol de Navidad

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores; el próximo domingo 24 será Navidad; repasemos algo de la historia del árbol de Navidad; he tenido como fuente diversos documentos de la web y material propio. “La celebración de la Navidad no es un mandato divino, ni tiene su origen en el Nuevo Testamento” (Cyclopedia of Biblical, Theological,

  • Consultative document on stress testing principles and a range of practices report issued by the Basel Committee

    20 December 2017 Press release The Basel Committee on Banking Supervision today released a consultative document on stress testing principles and a range of practices report on supervisory and bank stress testing. The range of practices report describes and compares supervisory and bank stress testing practices and highlights areas of evolution. The report finds that, in

  • Información ordenada, sustentada y gestionable

    Información ordenada, sustentada y gestionable

    El Mercurio – Cumplimiento Tributario Por Alejandro Joignant, socio de PwC Chile. Expertos de PwC Chile entregan las claves del cumplimiento tributario a 2018. La relevancia de la información contable y sus procesos asociados Por Alejandro Joignant, socio de PwC Chile. En los últimos años, los procesos tributarios han aumentado en complejidad y profundidad, así

  • A Working List of Things Accounting Firms Will Be Fretting About in 2018

    By Caleb Newquist | December 12, 2017       1. Disruption 2. Change 3. Disruptive change 4. The pace of disruptive change 5. Whether or not they’ve figured out the cloud 6. Finding qualified talent 7. Millennials 8. Figuring out how to find qualified talent that aren’t millennials 9. The inevitable cyberattack that will

  • Los ‘hackers’ llevan a la bancarrota a un mercado de bitcoins en Corea del Sur

    La banca rechaza el bitcoin, pero apuesta por su tecnología El estreno de los nuevos futuros frena los récords del bitcoin FT: Bitcoin: ¿Riesgo o futuro? El segundo ‘hackeo’ en el año de la plataforma Youbit provoca pérdidas entre los inversores y aviva el debate sobre la seguridad. El bitcoin amplía su corrección desde máximos.

  • CAQ alert (Diciembre 2017)

    CAQ alert (Diciembre 2017)

    Descargar pdf (345 kb)

  • It took five decades to build Steinhoff. It cratered in two days from accounting scand

    It looked like Steinhoff International Holdings NV had reached escape velocity from South Africa’s deepening economic gloom: A furniture retailer emulating Ikea’s model and global ambitions, built by men with their own compelling rags-to-riches stories. Then the debt-fueled rocket stalled and came crashing down. From her office overlooking Cape Town’s waterfront, Sygnia Investment Management Ltd.

  • SEC Announces More than $20 Million in Whistleblower Awards

    In the course of one week, the United States Securities and Exchange Commission announced awards to three whistleblowers totaling more than $20 million under the Dodd-Frank Whistleblower Program. On November 30, the SEC announced awards of more than $8 million each to two whistleblowers. The first individual alerted the agency to conduct that became the

  • Banco Central de Chile

    *Apunte histórico del Sr. Carlos Valdivieso El 15 diciembre 1925 hace 92 años, inició sus operaciones el Banco Central de Chile. Este pequeño apunte muestra algunas pinceladas, He tenido como fuente la Memoria Chilena de la Biblioteca Nacional y algo de material propio. A mediados del siglo XIX empezaron a operar en Chile los primeros

  • The American Institute of CPAs has released a new guide to data analytics to familiarize CPAs with the technology.

    The Guide to Audit Data Analytics offers an overview of data analytic techniques to help auditors apply the technology to their audit engagements. The guide discusses how audit data analytics can help improved understanding of an organization’s operations and risks, increase the potential for detecting material misstatements, and improve communications with officials responsible for governance.

  • IFAC International Standards 2017 Global Status Report

    IFAC International Standards 2017 Global Status Report

    Nota del Editor de AECHILE Los interesados deben descargar el documento desde el sitio web de IFAC link de descarga: http://www.ifac.org/publicatio ns-resources/international-sta ndards-2017-global-status-repo rt

  • Ocho claves a tener en cuenta en la gestión del gobierno corporativo

        Ir a noticias en El Mercurio desde aquí

  • Ministerio de Hacienda: Fija la fecha de entrada en funcionamiento de la Comisión para el Mercado Financiero y la fecha de supresión de la Superintendencia de Valores y Seguros

    Diario Oficial DFL Núm. 10.- Santiago, 21 de noviembre de 2017. Vistos: Lo dispuesto en el artículo 64 de la Constitución Política de la República de Chile, y la facultad conferida en el artículo cuarto transitorio de la ley N° 21.000, que crea la Comisión para el Mercado Financiero, dicto el siguiente. Decreto con fuerza

  • PCAOB gets new chairman, complete new board membership

    A complete change in the composition of the PCAOB was announced Tuesday by the SEC as William Duhnke was appointed as the board’s chairman and J. Robert Brown, Kathleen Hamm, James Kaiser, and Duane DesParte were named as board members. They replace the previous chairman, James Doty, and board members Steve Harris, Jeanette Franzel, and

  • GASB proposals address capitalization of interest costs, implementation

    By Ken Tysiac December 8, 2017 In separate exposure drafts, GASB on Friday issued proposals related to capitalization of interest costs and implementation of recent pronouncements. One ED, Accounting for Interest Cost During the Period of Construction, proposes guidance intended to enhance the relevance and comparability of information about capital assets and the cost of

  • The Audit Report – Considerations for Audit Committes

    The Audit Report – Considerations for Audit Committes

    Nota del Editor de AECHILE En relación al nuevo informe del auditor se acompaña documento emitido por Center for Audit Quality ( CAQ ) con un resumen de los cambios en cada etapa. Descargar pdf ( 645 kb)  

  • ALUMBRADO PUBLICO EN SANTIAGO DE CHILE

    *Apunte histórico del Sr. Carlos Valdivieso El 9 de diciembre de 1812;  esto es hace 205 años, José Miguel Carrera decide impulsar el alumbrado público en Santiago. La fuente de información es parte de la Enciclopedia Chilena, un proyecto realizado por la Biblioteca del Congreso Nacional de Chile entre 1948 y 1971.También he consultado material de la Biblioteca

  • SEC eyes implementation of rev rec and lease standards

    Officials with the Securities and Exchange Commission are keeping a close watch on how companies are adjusting to the new revenue recognition and leasing standards. “The time until required application of the new revenue standard is limited for most public companies (except for those who have already early adopted),” said SEC Chief Accountant Wesley Bricker,

  • PCAOB offers help with auditor report changes

    The Public Company Accounting Oversight Board has released staff guidance on the new audit reporting standard and is hosting webinars to help auditors with preparing the new reports. The guidance describes changes to the auditor’s report required this year, such as the form of the auditor’s report, disclosure of auditor tenure, a statement on auditor

  • PCAOB- Guía para el nuevo informe del Auditor

    PCAOB- Guía para el nuevo informe del Auditor

    Nota del Editor de AECHILE Se acompaña documento emitido el 4 de diciembre del 2017 con los cambios al informe.Contiene ilustraciones gráficas y comentarios La guía describe los cambios al informe del auditor requeridos , como la forma del informe del auditor, la divulgación de la duración del tiempo que lleva el auditor en la

  • New working drafts address 5 revenue recognition issues

    Working drafts for a total of five revenue recognition implementation issues in four industries were exposed Friday by the AICPA Financial Reporting Executive Committee. When completed, the drafts will be added to the AICPA’s revenue recognition guide. The guide provides industry-specific considerations for implementation of FASB’s new revenue recognition standard. The working drafts include: –

  • La Voz del Mercado, Principales Resultados – EY

    La Voz del Mercado, Principales Resultados – EY

    Descargar pdf ( 1.5 mb)  

  • ALCABALA

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores Para este apunte he tenido como fuente material de SCRIBD y documentos propios. Hoy 1 de diciembre se cumplieron 372 años desde la implantación en Chile de la alcabala que era un impuesto a la agricultura, la incipiente industria y las actividades comerciales. Era como el IVA

  • IAASB AND WBCSD TEAM UP TO INCORPORATE SUSTAINABILITY INTO MAINSTREAM REPORTING

    Author: Federica Tedeschi Published: 24 Nov 2017 Email Print The International Auditing and Assurance Standards Board (IAASB) has agreed to collaborate with the World Business Council for Sustainable Development (WBCSD) to support their project to incorporate sustainability into mainstream reporting. The WBCSD has decided to fund the IAASB’s support of its Redefining Value project stating

  • FASB simplifying leases standard implementation

    FASB simplifying leases standard implementation By Ken Tysiac November 29, 2017 FASB decided Wednesday to make simplifications designed to reduce costs and decrease the challenges that financial statement preparers are facing as they implement the board’s new lease accounting standard. The board decided to issue an Accounting Standard Update (ASU) that will: 1- Provide an

  • Grand Theft Data: Uber Announces Almost 60 Million Accounts Compromised in Data Breach

    The CEO of the popular ride-sharing app, Uber, published a bombshell letter to the public yesterday, stating that two hackers had stolen information from almost 60 million driver and rider accounts in October 2016. The compromised personal information includes names, email addresses, driver’s license numbers, and mobile phone numbers. According to a statement from Dara

  • Attestation guidance for third-party due-diligence services for asset-backed securities

    A new statement of position issued by the AICPA Auditing Standards Board (ASB) provides practitioners with guidance for performing agreed-upon procedures attestation engagements related to third-party due-diligence services for asset-backed securities. The guidance is contained in Statement of Position 17-1, Performing Agreed-Upon Procedures Related to Rated Exchange Act Asset-Backed Securities Third-Party Due Diligence Services as

  • La acuñación de monedas en Chile

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores. Como es sabido el Banco Central de Chile eliminó la acuñación de monedas de $ 1 y $ 5. Repasemos algo de la historia. Mientras preparaba este apunte tenía en mente el blockchain una moneda virtual, tiempos modernos. El historiador don Francisco A Encina en el tomo

  • Catálogo de Esquemas Tributarios

    Catálogo de Esquemas Tributarios

    Nota del Editor de AECHILE El Servicio de Impuestos Internos (SII) actualizó en su página web el catálogo con ejemplos de esquemas tributarios en los que podría aplicarse la Norma General Antielusión. Se trata de una guía de consulta con ejemplos para evaluar si constituyen planificaciones agresivas o elusión. Con todo, el lector debe analizar

  • ¿Cómo percibe el mercado los gobiernos corporativos de las empresas?

      Ver artículo El Mercurio:  desde aquí      

  • Practical considerations for lease accounting

    -On the heels of a transformative and challenging revenue recognition standard, FASB’s new lease accounting standard presents a potential tsunami of changes to the financial statements of public and private companies. In February 2016, FASB issued new lease accounting guidance in Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842). This new guidance was initiated

  • FASB combines guidance for income statement, comprehensive income into one topic

    In an effort to simplify its Accounting Standards Codification, FASB has combined its guidance for income statements and comprehensive income into one topic. Previously, FASB’s guidance on these subjects has been located in Topic 225, Income Statement, and Topic 220, Comprehensive Income. Under the changes, all guidance on both subjects will be contained in Topic

  • Encouraging the Reporting Of Misconduct

    Encouraging the Reporting Of Misconduct

    Nota del Editor de AECHILE Respecto al documento que se acompaña comentamos lo siguiente: En noviembre de 2017, en un esfuerzo por comprender mejor los factores que impiden la denuncia de mala conducta, la Colaboración Antifraude formada por: el Centro de Calidad de Auditoría (CAQ), Financial Executives International (FEI), el Instituto de Auditores Internos (IIA)

  • Primeras elecciones presidenciales en Chile

    Estimados lectores Este próximo fin de semana tendremos elecciones de : Presidente, algunos Senadores, Diputados y CORES. Veamos algo de la historia. “Las primeras elecciones que se realizaron en el país fueron en diciembre de 1810, en las que se eligió el primer Congreso Nacional. Sin embargo, la guerra de independencia y las luchas entre distintas facciones internas

  • Less is More or More is More? Differences in the Regulatory Ethos in the US and the UK Pose Challenges for Financial Institutions

    United Kingdom, USA November 15 2017 The United States is poised to usher in an era of decreased regulation of financial institutions while the trend in the United Kingdom is to maintain relatively robust regulation of the financial services sector in line with developments since the global financial crisis. The parameters and potential impacts of

  • Los cambios que traerá la Comisión para el Mercado Financiero (CMF) – 15 Nov. 2017

    Los cambios que traerá la Comisión para el Mercado Financiero (CMF) – 15 Nov. 2017

    Descargar pdf ( 741 kb)

  • Audit fee increases don’t lead to better audit quality, says study

    Increases in audit fees paid by public companies aren’t necessarily producing better audit quality, according to a new report. The study, conducted by Lili Sun, an associate professor of accounting at the University of North Texas, Michael Ettredge of the University of Kansas and Matthew Sherwood of the University of Massachusetts Amherst, examined audits of

  • PCAOB identifies 3 areas with most frequent 2016 audit issues

    PCAOB inspectors identified three areas where audit deficiencies were most frequently identified in 2016, according to a board staff inspection brief published Friday. The areas with most common deficiencies were: – Assessing and responding to risk of material misstatement. For example, in some cases the auditor did not perform tests of details specifically related to

  • La Caída del Muro de Berlín

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores Hace 28 años el 9 de noviembre de 1989 se abrió el muro de Berlín que se había empezado a levantar el 13 de agosto de 1961 por la Unión Soviética, o sea, duró 28 años y curiosamente ya van 28 años sin muro en que culminando

  • AICPA Exposure draft Proposed Statements on Auditing Standards

    AICPA Exposure draft Proposed Statements on Auditing Standards

    Nota del Editor de AECHILE El documento que se acompaña emitido por Auditing Standards Board de AICPA es un borrador con consultas hasta noviembre 2017 se relaciona con el Nuevo Informe del Auditor.Plantea modificar las SAS que se enumeran con un enfoque de convergencia con las ISAs que como se sabe son conjuntos distintos. Se

  • Revised Cash Basis IPSAS

    The International Public Sector Accounting Standards Board (IPSASB) has issued a revised IPSAS, Financial Reporting under the Cash Basis of Accounting. The amendments address some of the main barriers to adoption of this standard. This revised version of the Cash Basis IPSAS implements the proposals made in Exposure Draft 61, Amendments to Financial Reporting under

  • Why the SEC says ‘paid-to-click’ arrangements may be scams

    By Ken Tysiac November 7, 2017 The SEC issued an investor alert Tuesday warning of the dangers of “paid-to-click” scams perpetrated by fraudsters on the internet. According to the SEC, online paid-to-click programs often promise to pay investors simply for clicking online ads. These programs may promise investors a share of profits in exchange for

  • Deloitte’s Engelbert on the three trends changing the profession

    Three significant factors are shaping the profession of the future, Cathy Engelbert, CEO of Deloitte, told a gathering of accountants recently: the impact of new technologies, new demographics, and new client demands. “We’re living in a time of unprecedented change and innovation,” the Big Four firm CEO told the 110th annual meeting of the National

  • Entrevista CAQ al Sr Frank Casal de KPMG

    Entrevista CAQ al Sr Frank Casal de KPMG

    Video de entrevista reciente CAQ al Sr Frank Casal Vicepresidente de Auditoría de KPMG.Es interesante, se refiere al nuevo informe del Auditor, a la tecnología y otras materias.

  • DÍA DE TODOS LOS SANTOS Y EL CEMENTERIO GENERAL

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores El pasado 1 de noviembre se celebró el día de todos los Santos, fecha que las personas suelen concurrir a los cementerios; veamos algo de ese día y del  origen  del Cementerio General, que es el principal de Santiago. El día 1 de noviembre fue establecido por

  • PCAOB’s Franzel leans toward issuing blockchain and data analytics guidance

    The Public Company Accounting Oversight Board is likely to issue guidance on the use of blockchain and data analytics technology as more auditing firms weigh the benefits and drawbacks of them. Speaking at the National Association of State Boards of Accountancy annual meeting in New York on Tuesday, PCAOB member Jeanette Franzel discussed the need

  • Audit Committe – Transparency barometer

    Audit Committe – Transparency barometer

    Nota del Editor de AECHILE Como introducción al documento en inglés que se acompaña he tomado la misma  de CAQ y llevada al español con traductor automático para nuestros lectores de habla hispana Washington, DC – La cantidad de información disponible para los inversionistas y otras partes interesadas sobre la supervisión del comité de auditoría del

  • Gestión de ASG y su rol crucial para un buen gobierno corporativo

      Vea el contenido desde el siguiente link: Ver nota de El Mercurio

  • PCAOB audit report standard welcomed by investors

    A prominent investor group is applauding the Securities and Exchange Commission’s approval this week of the Public Company Accounting Oversight Board’s new standard expanding the scope of the audit report. The SEC commissioners unanimously approved the PCAOB standard Monday, which would be the most significant change to the format of the audit report in over

  • SEC approves PCAOB expanded audit report standard

    October 23 2017, 6:16pm EDT The Securities and Exchange Commission gave its approval Monday to the Public Company Accounting Oversight Board’s new standard for an enhanced audit report. The PCAOB voted to approve the new standard in June, expanding the scope of the audit report to include a discussion of “critical audit matters” that have

  • Creación de la provincia de Valparaíso

    *Apunte histórico del Sr. Carlos Valdivieso En un día como hoy, hace 175 años  el  27 de octubre de 1842 años se creó la provincia de Valparaíso con los departamentos de :Valparaíso, Quillota y Casa Blanca con Valparaíso como capital y puerto . No hay certeza de la fecha  de su fundación, algunos dicen  cerca 

  • Accountants’ role in managing AI disruption

    By Ken Tysiac October 22, 2017 Artificial intelligence (AI) could have wide-ranging effects on the accounting profession. Tax return preparation duties and audit procedures that are performed now by accountants may be increasingly handled by machines in the near future. Robo-advisers have established a foothold in personal financial planning, and management accountants have incredible opportunities

  • Chile y las estampillas

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores Hace un tiempo tomé un taxi y conversando con el taxista me dijo se había jubilado de Correos Chile y comprado un taxi para trabajarlo. Me comentó que ahora se escriben pocas cartas y que la mayoría son de empresas, bancos principalmente y que Correos Chile ha

  • Cuando todos los accionistas son cruciales en la toma de desiciones

    Ir al Link de El Mercurio

  • Senators ask FASB to require multinationals to disclose more tax info

    A group of seven Senate Democrats and one independent has written a letter to the Financial Accounting Standards Board asking FASB to require multinational corporations to disclose their taxes, profits, and revenues on a country-by-country basis, echoing a recent letter from a group of House lawmakers. The group who signed last week’s letter includes Sen.

  • SEC moves to simplify disclosures

    The Securities and Exchange Commission voted to propose a number of amendments to simplify some disclosure requirements for public companies, along with investment advisers and investment companies. The proposals are in keeping with some of the provisions of the Fixing America’s Surface Transportation Act, or FAST Act, which aim to make adjustments to streamline the

  • Establece Autoevaluación de Principios de Conducta de Mercado en Entidades Aseguradores y Corredores de Seguros.

    Establece Autoevaluación de Principios de Conducta de Mercado en Entidades Aseguradores y Corredores de Seguros.

    Descargar pdf (6.2 mb)        

  • 12 October 2017 International Accounting Standards Board issues narrow-scope amendments to IFRS 9 and IAS 28

    The International Accounting Standards Board (Board) has today issued amendments to IFRS 9 Financial Instruments and to IAS 28 Investments in Associates and Joint Ventures to aid implementation. The amendments to the financial instruments Standard, IFRS 9, allow companies to measure particular prepayable financial assets with so-called negative compensation at amortised cost or at fair

  • Voices Goodwill Hunting: Elimination of Step 2 and the implications for public companies

    In Accounting Standards Update No. 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, the Financial Accounting Standards Board eliminated Step 2 of the goodwill impairment test. In the Step 2 test, an entity performs a hypothetical purchase price allocation to determine the amount of an impairment. With the elimination

  • Los Geoglifos

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores: Ordenando mis apuntes me encontré con algo que tenía archivado hacía tiempo;,los geoglifos; Creo que es un tema poco conocido y quise compartir un poco  con ustedes de un arte originado hace unos 3.000 años atrás y cómo los pueblos de entonces querían representar sus ideas y

  • What to consider when auditing revenue recognition implementation

    In a staff audit practice alert issued Thursday, the PCAOB provided information for auditors to consider as they apply the board’s standards to auditing of clients’ implementation of FASB’s new revenue recognition standard. The new revenue recognition standard takes effect in 2018 for public companies and the following year for nonpublic companies. Companies implementing the

  • CAQ Alert #2017-04 – Select Auditing Considerations for the 2017 Audit Cycle

    CAQ Alert #2017-04 – Select Auditing Considerations for the 2017 Audit Cycle

    October 11, 2017 Nota del Editor de AECHILE CAQ ( Center for Audit Quality ) ha publicado el documento que se acompaña con los temas principales a abordar en el ciclo de auditoría 2017 CAQ Alert #2017-04, Select Auditing Considerations for the 2017 Audit Cycle, reminds member firms of important auditing considerations for the 2017 audit

  • Basel III Treatment of DTAs and MSAs

    Bryan Cave LLP We have heard, read and seen (and internally had) some confusion regarding the joint proposed rulemaking regarding the potential simplification of the capital rules as they relate to Mortgage Servicing Assets (MSAs) and certain Deferred Tax Assets (DTAs). In addition to simply being complicated regulations, the regulators also have two proposed rulemakings

  • Dancing with disruption Have you mastered the steps?

    A forward look at Internal Audit in Banking and Securities Nota del Editor de AECHILE Se acompaña documento de Deloitte en un tema que ha venido teniendo cada vez más importancia. Descargar pdf 748 kb

  • Isla Guam

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores Las relaciones entre EEUU y Corea del Norte son  noticia permanente; pues bien, la isla de Guam cercana a Corea del Norte es un protectorado norteamericano; les comento algo de ella; he tenido como fuente National  geographic magazine y documentos de la web de los que obtenido

  • FASB proposes various minor changes to codification

    By Ken Tysiac October 3, 2017 FASB issued a proposed Accounting Standards Update on Tuesday that would make changes designed to clarify, correct errors in, or make minor improvements to the board’s Accounting Standards Codification. Nine potential amendments are contained in the proposal, which would affect a wide variety of topics in the codification. The

  • 20 revenue recognition working drafts issued by FinREC

    By Ken Tysiac October 2, 2017 Considerations for implementation on 20 issues related to revenue recognition were issued as working drafts Monday by the AICPA Financial Reporting Executive Committee (FinREC). After receiving public comment on the issues, FinREC will add them to the revenue recognition guide it is developing, which discusses implementation issues on an

  • SEC Provides Regulatory Relief and Assistance for Hurricane Victims

    Press Release FOR IMMEDIATE RELEASE 2017-181 Washington D.C., Sept. 28, 2017— The Securities and Exchange Commission today announced that it is providing regulatory relief to publicly traded companies, investment companies, accountants, transfer agents, municipal advisors and others affected by Hurricane Harvey, Hurricane Irma, and Hurricane Maria.  The loss of property, power, transportation, and mail delivery

  • El presupuesto de Chile de 1891 y la Guerra Civil

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores El próximo 30 de septiembre vence el plazo para que  el Ejecutivo  envíe  al Congreso Nacional el Presupuesto de la Nación de  2018 Recordemos en otro contexto histórico   lo ocurrido hacia fines de 1890 “Durante el gobierno del Presidente José Manuel Balmaceda, en 1890, y en medio de

  • FASB proposes technical corrections to 2 standards

    By Ken Tysiac FASB issued an exposure draft Wednesday that contains proposed technical corrections and clarifications for separate standards issued in 2016 on accounting for financial instruments and lease accounting. In Accounting Standards Update (ASU) No. 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, FASB made targeted improvements to

  • Voices PwC reveals 5 crucial characteristics of auditors

    By Maria Moats    /    September 28 2017 Today we’re celebrating #AuditorProud—a day when we reflect across our industry about the important work of public company auditors. There’s so much to be proud of in our profession, but I’d like to focus on five characteristics that epitomize auditors and are particularly worth celebrating. 1. Auditors are

  • PCAOB revises proposal on supervision of other auditors

    By Ken Tysiac The PCAOB is revising its proposal that spells out requirements for a lead auditor to supervise other auditors, and voted Tuesday to seek additional comments on the proposal. The board is seeking to strengthen existing requirements and create a more uniform approach to a lead auditor’s use of other auditors from other

  • Acceso a la información: factor clave en la toma de decisiones del directorio

    Ver el artículo completo desde este link:     http://impresa.elmercurio.com/Pages/NewsDetail.aspx?dt=2017-09-28&dtB=28-09-2017%200:00:00&PaginaId=11&bodyid=2

  • FASB proposes lease accounting changes for land easements

    The Financial Accounting Standards Board has a proposed accounting standards update to clarify how to apply its new lease accounting standard to land easements. Often referred to as “rights of way,” land easements govern the right to cross, access or use someone else’s land for a particular reason. Organizations use a variety of ways to

  • PCAOB to Hold Open Meeting Sept. 26

    The Public Company Accounting Oversight Board will hold an Open Meeting on Tuesday, September 26, at 9 a.m., to consider issuing a supplemental request for comment on certain revisions to new requirements proposed last year that would apply to audits that involve auditors outside the firm issuing the audit report. In many audits, important audit

  • FASB proposes clarified guidance on consolidations

    The Financial Accounting Standards Board has released an exposure draft of proposed guidance aimed at clarifying the consolidation guidance in Topic 810. Stakeholders had raised concerns that the current guidance was “difficult to understand and navigate,” according to the board, so it has proposed a number of amendments that would reorganize and clarify certain items.

  • El Rodeo

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores, estos días no solamente se practicó el rodeo, también fue fuente de polémicas; va algo del rodeo que he obtenido de varias fuentes que cito textualmente. “El  rodeo nace en Chile  en el siglo XVI  ​ En esos años el ganado que había en Chile no estaba bien identificado

  • What’s next for FASB

    By Ken Tysiac September 21, 2017 FASB voted Wednesday to work on developing accounting rules to address areas of distinguishing liabilities and equity, financial performance reporting, and segment reporting. After considering feedback on a yearlong agenda consultation project, FASB added these items to its technical agenda: – A project on distinguishing liabilities and equity that

  • COSO framework can help with sustainability reporting

    More in CSR reporting ESG Internal controls Jeff Thomson IMA SASB The Committee of Sponsoring Organizations of the Treadway Commission’s internal control framework can help provide more assurance to investors about sustainability reporting by companies, according to a new paper. The report, co-written by Institute of Management Accountants president and CEO Jeff Thomson, former Financial

  • Proposed omnibus SSARS addresses international reporting issues

    By Ken Tysiac September 14, 2017 A new omnibus standard proposed Thursday would, if issued as a final standard, provide requirements and guidance for compilations and reviews of financial statements prepared in accordance with a financial reporting framework generally accepted in another country—or performed in accordance with both the Statements on Standards for Accounting and

  • FASB sets up web page for implementing new standards

    The Financial Accounting Standards Board has created a new web page to help companies implement its new standards. FASB has been rolling out a series of important new accounting standards in recent years, including revenue recognition, leasing, credit losses and hedging, and they are set to take effect over the next few years. Companies have

  • Chinganas, ramadas y fondas

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores Siguiendo con apuntes diecio cheros va algo sobre, chinganas, ramadas y fondas, parientes entre sí. He consultado como fuente el documento  “Memoria Chilena  Biblioteca Nacional de Chile (1)”. El documento  “Historia de las Fondas, ramadas y chinganas  de Flashback man” (2) y otros documentos de la web

  • El nuevo informe del Auditor- Comparación de normas del IAASB  y el PCAOB

    El nuevo informe del Auditor- Comparación de normas del IAASB y el PCAOB

    Nota del Editor de AECHILE El CAQ – Center for Audit Quality en su Technical Alert de agosto pasado alude a los documentos que acompaña el Link El informe de IAASB  para quienes lo siguen, principal aunque no exclusivamente en Europa es obligatorio desde diciembre 2016. El de PCAOB  principalmente EEUU  está a la espera

  • Principios y relación con el marco de gobernanza del riesgo EY

    Ir al Contenido de la noticia desde el link original: Noticia El Mercurio    

  • Voices FASB’s clarification of the definition of a business has wide implications

    A recent accounting standards update helps entities evaluate whether transactions should be accounted for as acquisitions or disposals of assets or as businesses. The Financial Accounting Standards Board’s Accounting Standards Update 2017-01 “Business Combinations (Topic 805): Clarifying the Definition of a Business,” states that a business has the following: 1. Inputs; 2. Processes applied to

  • Presentación “Conducta de Mercado: Agenda regulatoria y desafíos para un desarrollo sustentable del sector asegurador” – Intendente Daniel García

    Presentación “Conducta de Mercado: Agenda regulatoria y desafíos para un desarrollo sustentable del sector asegurador” – Intendente Daniel García

    Nota del Editor de AECHILE Se acompaña presentación efectuada en la Conferencia Latinoamericana de Limra y Loma “Desafíos en la Comercialización y Distribución de Seguros de Vida y Planes de Pensiones” (11/09/2017)   Descargar PDF (1 MG)

  • Proposed Revisions to the Code Pertaining to the Offering and Accepting of Inducements

    Proposed Revisions to the Code Pertaining to the Offering and Accepting of Inducements

    Nota del Editor de AECHILE Se acompaña documento emitido IESBA relativo a regalos, hospitalidad y otros para los auditores externos. el que estará en consulta hasta el 8 de diciembre del 2017 esperando se aplique el primer semestre del 2018.Esto se agregará al Código de Etica; como podrán apreciar la norma general es que el

  • Cyber Espionage: What You Don’t Know Can Hurt You

    Modrall Sperling Cyber espionage adds a unique element to the relationship between a business and its legal counsel. If your business possesses privileged information that would be useful for a competitor or an industry, then it is crucial that you obtain the best advice possible on what factors pose a threat to your business. There

  • Internal control weaknesses correlate with financial fraud

    The study, by professors Matthew Ege of Texas A&M University and Dain C. Donelson and John M. McInnis of the University of Texas at Austin, found the incidence of fraud disclosures at companies previously found by auditors to have material weaknesses in their internal controls is approximately 80 to 90 percent greater than companies on

  • El Volantín

    *Apunte histórico del Sr. Carlos Valdivieso Estimados Lectores Comparto con Ustedes que el pasado fin de semana y aprovechando el solcito,  salí a caminar cerca de mi casa para relajarme y en un espacio abierto  vi un  niño elevando un  volantín, lo que es común en este mes de septiembre; mientras lo miraba con envidia,

  • Updated COSO ERM framework ties in risk with strategy

    The Committee of Sponsoring Organizations of the Treadway Commission (COSO) on Wednesday released an updated risk framework that highlights the importance of enterprise risk management’s (ERM’s) role in strategic planning. The framework, Enterprise Risk Management—Integrating With Strategy and Performance, builds on 2004’s Enterprise Risk Management—Integrated Framework. “The complexity of risk has changed, new risks have

  • FASB releases proposed 2018 reporting taxonomies

    By Ken Tysiac September 5, 2017 FASB on Tuesday released the proposed 2018 GAAP Financial Reporting Taxonomy and the proposed 2018 Shared Reporting Taxonomy for public comment. Public issuers registered with the SEC use the taxonomies for their financial reporting. The proposed GAAP taxonomy contains updates for accounting standards and other recommended improvements. The proposed

  • El Nuevo COSO ERM

    El Nuevo COSO ERM

    6 de septiembre de 2017 Nota del Editor de AECHILE Se acompaña introducción  con traducción automática al español para nuestros lectores de habla hispana del artículo publicado hoy por accounting TODAY   El Comité de Organizaciones Patrocinadoras de la Comisión Treadway lanzó el miércoles una actualización tan esperada a su Marco de Gestión de Riesgos: Integrar

  • Basel Committee on Banking Supervision and IFRS Foundation sign Memorandum of Understanding

    05 September 2017 The Basel Committee on Banking Supervision (BCBS) and the IFRS Foundation have announced a new cooperation agreement to foster long-term financial stability, enhance market discipline and further develop sharing of information. The agreement, in the form of a Memorandum of Understanding (MoU), formalises the mutual interaction and strengthens the existing relationship between

  • EU COMPANIES LATE ON IMPLEMENTING BIGGEST SHAKE UP OF DATA PROTECTION LAWS

    Author: Stephanie Wix Published: 4 Sep 2017 General Data Protection Regulation (GDPR) will come into force in the European Union (EU) member states on 25 May 2018, affecting the way in which all organisations collect and store personal data. GDPR will apply to any organisation (including charities) holding or processing EU personal data and it

  • El ábaco y la contabilidad

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores Comparto con ustedes que recientemente debí cambiar mi viejo celular BlackBerry con teclas físicas que me acomodaban porque ya no le dan servicio por un celular touch como el que deben usar Uds. Curiosamente y después de muchos años que no habían lanzado nuevos modelos,hace pocos días

  • Calidad de gobierno corporativo: rentabilidad y estrategia de negocio

    El Mercurio Sección: Ediciones Especiales – Gobierno Corporativo El camino al desarrollo sostenible de las empresas Nota del Editor de AECHILE El artículo completo de EY con sus gráficos puede leerse el El Mercurio del 31 de agosto 2017 página B9 a Definir el propósito de la empresa con respecto a su entorno más amplio

  • PCAOB Staff Inspection Brief

    PCAOB Staff Inspection Brief

    Nota del Editor de AECHILE Tomando el comentario de AccoluntongToday on traducción libre al español, el documento se refiere a que la Junta de PCAOB publicó un documento el miércoles ofreciendo información sobre las principales áreas que sus inspectores están buscando durante sus visitas a las firmas de auditoría este año El documento tiene como objetivo

  • Boarding Complete: An Islamic Rendering

    STA Law Firm Ltd Global August 26 2017 Part I of II Islamic Principles not only lay guidance on the relationship between man and God but also provide directives on a system of transactions for dealings between man and man to lead a life in an Islamic way. Such Islamic jurisprudence referred to as “Shariah,

  • Deloitte Audit committee disclosure in proxy statements—2017 trends August

    Deloitte Audit committee disclosure in proxy statements—2017 trends August

    Introducción del Editor de AECHILE El documento de Deloitte emitido en agosto 2017 informa respecto a 100 empresas de S&P y las materias tratadas en sus Comités de Auditoría ; tembién alude al nuevo informe del auditor emitido por PCAOB y que está a la espera de su aprobación por la SEC. Descargar pdf (

  • Study supports PCAOB oversight in boosting investor confidence

    A recent academic study lends support to the Public Company Accounting Oversight Board’s regulatory oversight of auditing firms, suggesting it gives investors greater confidence in companies, in turn leading to more capital available to businesses. The study, by Professor Nemit Shroff of the Massachusetts Institute of Technology’s Sloan School of Management, found that companies issue

  • Exposure Draft 62, Financial Instruments

    The International Public Sector Accounting Standards Board (IPSASB) has issued Exposure Draft 62, Financial Instruments. This Exposure Draft proposes new simplified classification and measurement requirements for financial assets, a forward looking impairment model and a flexible principle-based hedge accounting model. The IPSASB applied its Process for Reviewing and Modifying IASB Documents, to align ED 62

  • La Batalla de Placilla

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores el 28 de agosto próximo se cumplirán 126 años de la batalla de Placilla que ocurrió en la guerra civil en Chile de 1891; cuántos de Uds. saben de esta guerra civil ¿? Recordemos algo de la última batalla de la guerra” entre las fuerzas del Presidente

  • SEC conforms staff guidance to new FASB revenue recognition rules

    The SEC has issued a staff accounting bulletin to bring its existing guidance into conformity with FASB’s new revenue recognition standard. Staff Accounting Bulletin (SAB) No. 116 modifies interpretive guidance included in previous staff accounting bulletins to make the interpretations consistent with FASB Accounting Standards Codification (ASC) Topic 606, Revenue From Contracts With Customers. FASB

  • Ciberseguridad video CAQ

    Ciberseguridad video CAQ

    Nota del Editor de AECHILE El video de CAQ  que dura 7 minutos  contiene el episodio 50 de “La profesión en foco” presenta una conversación sobre ciberseguridad con el contraalmirante (Ret.) David G. Simpson. Con años  de experiencia en tecnología de la información y las comunicaciones apoyando al Departamento de Defensa y otras agencias federales, Simpson

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    Toward Enhanced Professional Skepticism

    Toward Enhanced Professional Skepticism Documento IFAC Nota del Editor de AECHILE La Federación Internacional de Contadores (IFAC) publicó recientemente un documento sobre escepticismo profesional , quien quiera leerlo puede buscarlo en el siguiente link http://www.ifac.org/publications-resources/toward-enhanced-professional-skepticism La importancia del escepticismo profesional es subrayada por la creciente complejidad de la información financiera y de negocios, incluyendo el

  • Impuestos en la adquisición de inmuebles en EEUU

    Impuestos en la adquisición de inmuebles en EEUU

    Estratégia Dinero & Inversión Es importante considerar las consecuencias tributarias que dicha inversión podría acarrear a la luz de los cambios que ha introducido la reforma tributaria. lunes, 21 de agosto de 2017 16:46 Nicolás Brancoli Krinfokai Chilean Desk – Latin American Business Center, EY Nueva York Con motivo de la reforma tributaria se limitaron

  • Proposed IFRS Taxonomy Update 2017 and comment letters—IFRS 17 Insurance Contracts

    The International Accounting Standards Board (the Board) published a proposed update to the IFRS Taxonomy 2017 for public comment. IFRS Taxonomy updates reflect new IFRS Standards and amendments to Standards issued by the Board, allowing entities that report electronically using the latest Standards to do so without creating their own taxonomy concepts. The updates may also include

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    Aumentar el desafío de la transparencia

    Rising to the transparency challenge Nota del Editor de AECHILE Aumentar el desafío de la transparencia A medida que continúan los esfuerzos para mejorar la transparencia y las prácticas de divulgación, los encargados de formular políticas se enfrentan a una tarea fdíficil, escribe Cindy Fornelli, Directora Ejecutiva del CAQ,  en   agosto de 2017. se

  • Commission and Commission Staff Issue Updates to Interpretive Guidance on Revenue Recognition

    Commission and Commission Staff Issue Updates to Interpretive Guidance on Revenue Recognition FOR IMMEDIATE RELEASE 2017-145 Washington D.C., Aug. 18, 2017— The Securities and Exchange Commission today issued two releases and the SEC staff released a Staff Accounting Bulletin to update interpretive guidance regarding revenue recognition. Consistent with developments in private-sector accounting standard setting, the

  • Voices How tomorrow’s managing partners will change the industry

    A recent survey of public accounting firms in the BKR International Americas Region noted that, over the past three years, the number of equity partners has declined slightly while non-equity partner growth through additions and promotions has increased by 33 percent. Most of these new partners are the next generation to lead their firms. This

  • Término de la Guerra contra la Confederación Perú Boliviana

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores cuando he conversado el tema con conocidos., me he percatado que casi nadie sabe lo ocurrido; con motivo de este aniversario del término de la guerra van unos párrafos. He obviado por espacio diversos incidentes de la guerra. Mis fuentes de información fueron ; Biblioteca Nacional de

  • Groups weigh in with SEC on PCAOB audit report standard

    Accounting and financial firms and business groups are sending comment letters to the Securities and Exchange Commission ahead of a deadline Friday for approving a new standard from the Public Company Accounting Oversight Board on expanding the scope of audit reports. In June, the PCAOB voted to approve a new standard that would significantly change

  • International standard-setters aim to increase professional skepticism

    Three international standard-setting boards for auditing, accounting ethics and accounting education issued a new publication Monday in the hopes of making accountants and auditors more skeptical of management assertions. A joint working group with representatives from the International Auditing and Assurance Standards Board, the International Ethics Standards Board for Accountants, and the International Accounting Education

  • Cloud Computing Security

    Ropes & Gray LLP USA August 10 2017 Jim DeGraw, Ropes & Gray technology partner, addresses cloud computing security issues that companies should be aware of as they consider moving data to the cloud. Transcript: Clients call us up frequently and say that they are considering going to a cloud computing strategy. And one of

  • ACCA finds need for improved ethics in digital age

    The Association of Chartered Certified Accountants has released a new survey raising questions about how accountants and businesses around the world are dealing with ethical challenges prompted by various technology trends. Ethics was considered a “very important” skill in the digital age by 77 percent of the respondents, with more than nine out of 10

  • US Cyber insurance market exceeds $2.49 Billion!

    Gardere USA August 8 2017 A report to the Cybersecurity (EX) Task Force explains the growth of cyber insurance to more than $2.49 billion in 2016 because “Cybersecurity breaches can cause a major drain on the U.S. economy”…and in particular “Financial Services Sector is perhaps the most under attack from cyber criminals.” The August 6,

  • Escuela Naval de CHILE- Aniversario

    *Apunte histórico del Sr. Carlos Valdivieso El 4 de agosto pasado se cumplieron 199 años de su fundación ocurrida el 4 de agosto de 1818 por Bernardo Ohiggins, llamándosele “ Academia de Jóvenes Guardias Marinas”.En 1858 pasa a llamarse Escuela Naval .El 24 de septiembre de 1945 se le agrega al nombre Arturo Prat Chacón. El

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    SBIF 2016 PDF Descargar (3.6 mb)

  • SEC Increases Focus on Cyber Incident Response

    Reed Smith LLP USA August 6 2017 In the past few years, we have seen an uptick in agencies beginning to focus on the cybersecurity readiness and response of organizations subject to their jurisdiction. The U.S. Securities and Exchange Commission (SEC), for example, has identified cybersecurity as a top priority for many years. This past

  • Why Data Security Is So Hard (and what to do about it)

    Jeffer Mangels Butler & Mitchell LLP USA Auust 3 2017 It’s ironic: when global threats are in the news every day, their ubiquity makes them easy to ignore. Whether they be political threats, climate threats, or data security threats, we can become numb to ever-present risk. Add in the chorus of advice from the growing

  • FASB proposes changes to grant and contribution accounting

    By Ken Tysiac August 3, 2017 Accounting guidance for contributions received and made, primarily by not-for-profits, would change under new rules FASB proposed Thursday. The proposed Accounting Standards Update (ASU) is designed to help organizations decide if a transaction should be accounted for as a contribution or an exchange. The proposal includes clarifying guidance to

  • How to comply with the new AICPA ethics standards for M&A

    By April Sherman, CPA, CGMA August 2, 2017 As the nation’s Baby Boomers retire, practice discontinuances and sales of all or part of CPA firms are on the rise. The rise in firm discontinuances and sales brings with it a host of practitioner concerns regarding independence, confidentiality, and the transfer of client files. To address

  • Chile-La Constitución de 1828

    *Apunte histórico del Sr. Carlos Valdivieso Estimados Lectores El tema de la Constitución es noticia recurrente cada cierto tiempo en algunos países, ej. Venezuela y también en Chile es un tema en desarrollo En la historia de Chile han existido 10 Constituciones (1811, 1812, 1814, 1818, 1822, 1823, 1828, 1833, 1925 y 1980) En un día como

  • Blockchain vs. the SEC – ICO (Initial Coin Offering) are securities!

    USA July 31 2017 The Securities & Exchange Commission (SEC) ruled that “…that issuers of distributed ledger or blockchain technology-based securities must register offers and sales of such securities unless a valid exemption applies. Those participating in unregistered offerings also may be liable for violations of the securities laws. Additionally, securities exchanges providing for trading

  • Auditoría del futuro

    Auditoría del futuro

    Nota del Editor de AECHILE Se acompaña video de evento organizado por Accounting TODAY donde se analizan distintos temas y cómo influirán en las auditorías El aspecto tecnológico ocupa un lugar preferente, también la automatización de los procesos,la existencia de las CAMS ( Critical Audit Matters), las habilidades requeridas por los auditores y otros  

  • Tips from a not-for-profit standard early adopter

    Alyssa Federico, CPA, was in a fairly strong position as she began to implement FASB’s new financial reporting standard for not-for-profit organizations. Federico, the vice president and finance director of Foundation For The Carolinas, has an extensive, detailed coding and recordkeeping system for the funds of the organization, a community foundation with more than $2.2

  • SEC Announces Whistleblower Award of More Than $1.7 Million

    FOR IMMEDIATE RELEASE 2017-134 Washington D.C., July 27, 2017— The Securities and Exchange Commission today announced a whistleblower award of more than $1.7 million to a company insider who provided the agency with critical information to help stop a fraud that would have otherwise been difficult to detect.  Millions of dollars were returned to harmed

  • Cyber risk Guidance on cyber resilience for financial market infrastructures

    Cyber risk Guidance on cyber resilience for financial market infrastructures

    Nota del Editor de AECHILE Este riesgo ocupa uno de los primeros lugares en los estudios de riesgo;hemos elegido el documento que se acompaña; cabe comentar que Bank for International Settlements es conocido como Comité de Basilea y OICV- IOSCO  agrupa a los reguladores de Valores, o sea, los emisores del documento son reconocidos por

  • Chile – Aniversario del Registro Civil

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores: tal vez les parezca lógico que exista el Registro Civil para que la sociedad tenga registro de nacimientos, matrimonios, defunciones etc.; la historia nos recuerda cómo evolucionó  el tema. El 26 de julio de 1884 esto es hace 133 años en el Gobierno del Presidente  de Chile

  • Voices Is audit ready for blockchain?

    The audit profession is eyeing blockchain. With capital markets and investors constantly demanding more information about businesses, it’s no surprise that the audit profession is looking at blockchain with interest. It could fundamentally change the nature of auditing by revolutionizing supply chains, payments and revenue streams through the way it documents and reconciles complex and

  • FRS Foundation releases IFRS Taxonomy Formula Linkbase 2017

    The IFRS Taxonomy Formula Linkbase 2017 is now available to download. The current version of the Formula Linkbase is an updated version of the IFRS Taxonomy Formula Linkbase 2016. The 2017 formulas are designed to accompany the IFRS Taxonomy 2017. The majority of the changes to the current version are related to the IFRS Taxonomy content. The

  • Cybersecurity for Private Equity and Hedge Fund Managers

    USA July 20 2017 Managing money and finding alpha is never easy. In addition to tough trading and market conditions, fund managers must also address cybersecurity risks. Cyber-attacks against large banks generate most of the headlines, but asset managers are also targeted. According to a 2015 report by the Securities and Exchange Commission (SEC) Office

  • PCAOB Adopts New Auditor Reporting Standard

    After more than six years of outreach and public comment, on June 1, 2017, the Public Company Accounting Oversight Board (“PCAOB”) adopted a new auditor reporting standard1 that, if approved by the SEC, would significantly expand the existing auditor’s report. The new standard would require the auditor’s report to include: (i) disclosure of “critical audit

  • EL FRAUDE EN EEUU COMUNICADO EN JULIO 2017

    EL FRAUDE EN EEUU COMUNICADO EN JULIO 2017

    Introducción del Editor de AECHILE Mensualmente publicaremos noticias de algún fraude conocido en el mes; en este caso, julio 2017, por pagos y reembolsos por tratamientos y remedios con antecedentes falsos. Cabe la pregunta si había controles, si operaron y si había auditoría interna.Van referencias tomadas de la web sobre Medicaid y Medicare “Medicaid es

  • 20 de julio de 1969: El hombre llega a la Luna

    *Apunte histórico del Sr. Carlos Valdivieso En un día como ayer hace 48 años el primer hombre llegó a la luna,El Comandante Neil Armstrong y el piloto Edwin Aldrin   alunizaron en un lugar conocido como mar de la tranquilidad. El tercer astronauta Michael Collins siguió en la nave . La misión se había enviado al

  • Voices 10 lessons learned in implementing new rev rec guidance

    By Jagan Reddy Shauna Watson Published July 19 2017, 12:30pm EDT The rules governing revenue recognition for public and private companies worldwide are changing dramatically starting Jan. 1, 2018. And several recent surveys show that most companies are unprepared. If you have not yet completed your implementation of the new standard — either ASC 606

  • In the midst of political crisis, corporate governance grows in Brazil

    Baker McKenzie Brazil July 14 2017 As the Brazilian economy continues to be affected by political uncertainties, securities market players and the Brazilian capital markets regulator (Comissão de Valores Mobiliários or CVM) have seized the opportunity to promote the growth of corporate governance practices in the Brazilian securities market. As part of this wave, the

  • PCAOB Provides Advice to Audit Committees on New Disclosures About Audit Participants

    USA July 14 2017 Lewis Ferguson, a member of the Public Company Accounting Oversight Board, recently provided guidance to audit committees on how committees might use new, publicly available information regarding other accounting firm(s) that participate in an audit. As previously noted, beginning with public company audit reports issued after June 30, 2017, registered public

  • FSB urges insurers to start implementation of IFRS 17 as soon as possible

    The Financial Stability Board (FSB) has today published a statement welcoming the new insurance contracts Standard, IFRS 17, which was issued by the International Accounting Standards Board (Board) in May 2017. The FSB identified the completion of IFRS 17 as a high priority at its September 2015 Plenary meeting. Now, the FSB has published a

  • Global Risk Landscape BDO 2017 ( Panorama del riesgo global )

    Nota del Editor de AECHILE La publicación de BDO muestra un detallado análisis resultante de entrevistas en distintos continentes. – Comenta que los tres principales riesgos resultaron ;Regulatorio (35 %),competencia (30 %) y económico ( 29 %) – En una mirada hacia adelante resultan también : riesgo reputacional ( primer lugar ) tecnologías disruptivas y

  • Estudio de KPMG sobre el perfil de los defraudadores

    Estudio de KPMG sobre el perfil de los defraudadores

    Nota del Editor de AECHILE El documento fechado en mayo del 2016 tiene un valioso estudio basado en 750 casos reales  de defraudadores; cito algunas cifras; el documento mismo puede buscarse en la web.

  • LA GUERRA DEL PACIFICO Y LAS FINANZAS PUBLICAS

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores: Estos días las noticias anuncian que el Gobierno enviará próximamente al Congreso Nacional el presupuesto  para el año 2018; los medios hablan de un posible déficit entre 1,5 y 2 %. Esto me trajo a la memoria la situación de las finanzas públicas de la Guerra del

  • GASB proposes debt disclosure changes

    The Governmental Accounting Standards Board has proposed new guidance to clarify debt-related disclosures in notes to financial statements, including disclosures pertaining to direct borrowings and direct placements, for state and local governments. In an exposure draft, GASB is suggesting new guidance to describe which liabilities governments should include in their note disclosures related to debt.

  • Nueva Comisión para el Mercado Financiero (CMF)

    Nueva Comisión para el Mercado Financiero (CMF)

      Descargar pdf ( 786 kb)

  • PCAOB presenta proyecto de enmienda a las Normas de Auditoría para el Uso del Trabajo de Especialistas por parte del Auditor

    El Consejo de Supervisión de Contabilidad de Empresas Públicas (PCAOB), creado por la Ley Sarbanes-Oxley de 2002 para supervisar las auditorías de empresas públicas y otros emisores en la preparación de informes de auditoría, presentó un proyecto que busca fortalecer los requisitos que se aplican cuando el auditor utilice el trabajo de especialistas. “Los auditores

  • Voices New information about multinational audits may require changes in practice

    Starting last month, audit firms must now disclose the names and locations of other auditors—including shared service centers and foreign firms—participating over a certain percentage of the audit of public companies. The disclosure of this new information may require changes in practice for audit firms and audit committees. The New Standard In 2017, a new

  • AUDIT 2025 THE FUTURE IS NOW

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    Nota del Editor de AECHILE El documento que se acompaña es el resultado conjunto de  un trabajo de  KPMG y FORBES con el análisis de 200 entrevistas a ejecutivos en EEUU en octubre del 2016, comparando los resultados con el informe del 2014. Este conjunto estuvo integrado por :46 miembros de Comités de Auditoría,62 CFO,19

  • Audit 2025: The future is now

    March 28, 2017 New KPMG and Forbes Insights Survey New KPMG and Forbes Insights Survey Audit 2025: The future is now KPMG and Forbes Insights recently conducted a survey of CEOs, CFOs and other financial executives regarding their views of the future of audit in relationship to quality, insights and overall value. This report is

  • GAO proposes changes in Government Auditing Standards

    The Government Accountability Offices is asking for feedback on a set of proposed changes to Government Auditing Standards, commonly known as the “Yellow Book,” the first revision since 2011. The GAO originally issued the standards in 1972. The 2017 exposure draft of proposed changes takes into account some of the developments in the auditing, accountability

  • Accounting Roundup- Deloitte

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    Nota del Editor de AECHILE Se acompaña documento de Deloitte con las principales novedades del segundo trimestre del 2017; va un resumen y el documento en detalle Resumen En el segundo trimestre de 2017, el FASB emitió ASUs que (1) abordan la di­ver­si­dad en la práctica rela­cionada con acuer­dos de concesión de ser­vi­cios y (2)

  • Charla “Comisión del Mercado Financiero (CMF)” por Germán Concha

    Con fecha 23 de junio, el directorio de AEChile invitó a cada socio/director de auditoría a participar en una Charla dictada por el abogado Sr Germán Concha sobre la nueva “Comisión del Mercado Financiero (CMF)” creada por la Ley N°21.000 y que entrará en operaciones durante el segundo semestre de este año 2017.   El

  • Voices Boomer’s Blueprint: Blockchain — hype or reality?

    In late 2016, I wrote about why blockchain matters to CPAs. The article started with the basics, defining a distributed ledger built upon the protocol of trust (peer to peer). In The Blockchain Revolution, Don and Alex Tapscott refer to the blockchain as “the transformation of the Internet of Information to the Internet of Value.”

  • CEMENTERIO CATÓLICO DE SANTIAGO DE CHILE

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores En estos días se cumplirán 134 años de su inauguración, pronta clausura y años después su reapertura. Tal vez algunos de Uds. han estado alguna vez ahí y les pareció un lugar tranquilo; nuestra querida historia nos recuerda duras escaramuzas entre la Iglesia Católica y el Gobierno.

  • Happy Anniversary, SOX

    Cindy Fornelli Executive Director at Center for Audit Quality This July marks the 15th anniversary of the enactment of the Sarbanes-Oxley Act (SOX). At this milestone, we should take a moment to reflect on the impact of SOX, which helped the United States advance into a new era for financial reporting and public company auditing.

  • Voices Boomer’s Blueprint: Blockchain — hype or reality?

    By L. Gary Boomer In late 2016, I wrote about why blockchain matters to CPAs. The article started with the basics, defining a distributed ledger built upon the protocol of trust (peer to peer). In The Blockchain Revolution, Don and Alex Tapscott refer to the blockchain as “the transformation of the Internet of Information to

  • “The Global Risks Report 2017 12 th Edition World Economic Forum”

    “The Global Risks Report 2017 12 th Edition World Economic Forum”

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  • FinREC unveils 4 more revenue recognition working drafts

    By Jeff Drew July 3, 2017 FinREC unveils 4 more revenue recognition working drafts By Jeff Drew July 3, 2017 The AICPA Financial Reporting Executive Committee (FinREC) on Monday issued another batch of working drafts of accounting issues related to the implementation of FASB’s new revenue recognition standard. FinREC is requesting feedback on four working

  • CFOs losing sleep over financial reporting

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  • What You Need to Know About the Petya Ransomware Attack

    USA June 28 2017 Yesterday, organizations around the world were hit by yet another ransomware attack. Similar to the recent WannaCry attacks, the Petya attack works to encrypt documents and files and subsequently demands a ransom to unlock them. Unlike WannaCry, it is believed that the Petya attack spreads internally through an organization (rather than

  • VINO

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores Con tanto partido de futbol, asados y alegrías, me dije, hablemos algo de vino, rubro en el que Chile ya superó las exportaciones por US$ 1,5 mil millones anuales, incluso China ya superó a EEUU en compras a Chile.He tenido como fuente la Biblioteca Nacional, la web,

  • PCAOB still sees problems in broker-dealer audits

    The Public Company Accounting Oversight Board is continuing to uncover problems with auditor independence during recent inspections of auditors of brokers and dealers. The PCAOB released a staff inspection brief Wednesday previewing its upcoming report on the board’s 2016 inspections of broker-dealer audits. The PCAOB said it is still seeing signs of impaired auditor independence,

  • Companies off to a slow start on lease accounting standard

    Many companies are lagging behind on preparations for the new lease accounting standard as they are still working on the revenue recognition standard, according to a pair of new surveys. The first survey, by PricewaterhouseCoopers and CBRE Group, found that 23 percent of companies have yet to begin the initial adoption process of the leasing

  • New auditing disclosure requirement takes effect June 30

    Auditing firms will be required to disclose the names of other firms that participated in an audit, starting Friday. The Public Company Accounting Oversight Board issued a reminder Monday that the new requirement will be taking effect on June 30. Auditing firms will be required to disclose the names of other participating firms on Form

  • Voices SOC, meet cybersecurity

    As global cyberattacks become more common, organizations are fine tuning, or even implementing, a cybersecurity risk management program — and there is no better way to validate your cybersecurity risk management program than with an independent validation. The American Institute of CPAs (AICPA) recently released the new Cybersecurity Risk Program examination, responding to a changing

  • LA TECNOLOGÍA Y EL DEPORTE

    Estimados lectores Aquí les dejo tema para que comenten en sus asados futboleros, la historia que es el centro de estos apuntes, toma usualmente ciclos de varios años; en este ámbito los ciclos son cada vez más cortos. En los últimos años la tecnología ha irrumpido lo que motiva polémicas, dejen comentarles lo que viví

  • IASB proposes amendments to IAS 16 to reduce diversity in practic

    The International Accounting Standards Board (Board) has today proposed narrow‑scope amendments to IAS 16 Property, Plant and Equipment to reduce the diversity in application of the Standard. IAS 16 establishes principles for recognising and measuring items of property, plant and equipment as assets. The proposed amendments would prohibit deducting sales proceeds from the cost of

  • What audit committees need to know about PCAOB’s Form AP

    By Ken Tysiac June 20, 2017 The PCAOB’s new rule requiring auditors to disclose the name of the engagement partner and other firms participating in the audit has important implications for audit committees. Audit committees have broad responsibilities for evaluating and overseeing external auditors, who are subject to the new rule. The Center for Audit

  • Auditors focusing more on fraud detection

    Auditors are increasingly taking responsibility for fraud detection and cybersecurity at companies, whether they like it or not. “The bottom line is that if there’s fraud and the auditor did not discover the fraud, there’s a 99 percent chance that the auditor will be sued,” said Ralph Summerford, president of Forensic Strategic Solutions, a financial

  • PCAOB targets management bias with new auditing proposals

    The Public Company Accounting Oversight Board’s recently proposed rules on auditing accounting estimates and using the work of specialists indicate the PCAOB wants auditors to view management bias more skeptically. At a meeting earlier this month, the PCAOB issued a pair of proposals to strengthen its requirements for an auditor’s use of the work of

  • How audit methodologies will change in the future

    By Liz Farr, CPA June 15, 2017 Alan W. Anderson, CPA, founder of ACCOUNTability Plus LLC, believes the question to ask isn’t “What is the audit firm of the future?” but “What is going to be audited in the future?” Auditing today is frequently a mad dash against the clock from planning to fieldwork to

  • FUTBOL CHILENO ANIVERSARIO DEL TERCER LUGAR EN EL MUNDIAL DE 1962

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  • Technology trends for accounting firm leaders

    Technology advances can help today’s accounting firms satisfy the demands to be faster, smarter, and less costly. But the choices can also be overwhelming, with no shortage of new accounting software and upgrade options coming to market, said Brian Tankersley, CPA/CITP, CGMA, a Tennessee-based accounting technology consultant. Firms that don’t embrace change put themselves at

  • Why CPAs need to get a grip on blockchain

    By Lou Carlozo June 13, 2017 By strict definition, blockchain is a global digital ledger of economic transactions that is transparent, continually updated by countless users, and considered by many as almost impossible to corrupt or hack. But in the broader sense, blockchain is also a lightning rod for highly charged opinion, confusion, and even

  • PCAOB’s New Auditor Report Standard for US Public Companies: Increasing Transparency or Chilling Productive Discussion?

    The Public Company Accounting Oversight Board (PCAOB) adopted a new auditor reporting standard on June 1, 2017.1 If approved by the U.S. Securities and Exchange Commission (SEC), the new standard would impose additional disclosure requirements in auditor’s reports, including communication of “critical audit matters” (CAMs),2 and should merit particular attention from audit committee members, chief

  • Chile- La hora oficial

    *Apunte histórico del Sr. Carlos Valdivieso Hoy se cumplen 113 años desde que el 9 de junio de 1904 comenzó a difundirse  en Chile  diariamente la hora oficial, a través de todas las estaciones de ferrocarril de las redes norte y sur. La hora era comunicada a las siete de la mañana desde el Observatorio Astronómico

  • FASB votes to finalize hedge accounting standard

    The Financial Accounting Standards Board voted Wednesday to proceed to a final standard on hedge accounting, part of the financial instruments project that FASB had been working on for years with the International Accounting Standards Board before the two boards went their separate ways. FASB anticipates issuing the final hedging standard in August. The new

  • Responding to Non-Compliance with Laws and Regulations

    Responding to Non-Compliance with Laws and Regulations

    This standard sets out a framework to guide auditors and other professional accountants in what actions to take in the public interest when they become aware of a potential illegal act, known as non-compliance with laws and regulations, or NOCLAR, committed by a client or employer.The standard applies to all categories of professional accountants, including

  • Lease accounting standard leaves companies with questions

    As companies get ready for the new lease accounting standard, they’re coming across a variety of complications and questions before the standard takes effect in the next few years. Deloitte recently issued a publication with answers to some of the frequently asked questions its clients have encountered. “From an implementation perspective, companies are now digging

  • Companies falling behind schedule on revenue recognition standard

    By Michael Cohn Many companies are at risk of falling behind schedule on implementing the revenue recognition standard, according to a new survey by Ernst & Young, and CFOs and CIOs are not in agreement on the reason why. According to the findings, 70 percent of companies do not yet have their revenue recognition programs

  • La colaboración es clave para luchar contra el fraude

    La colaboración es clave para luchar contra el fraude

    Nota del Editor de AECHILE En este mes de junio 2017 la Directora Ejecutiva del CAQ Cindy Fornelli comparte comentarios de dos talleres de colaboración lucha contra el fraude que se centraron en la mejora de las políticas de contabilidad y controles internos relacionados con las áreas de contabilidad altamente subjetivos y complejos. Un conjunto

  • PCAOB proposes new requirements for use of specialists and accounting estimates

    The Public Company Accounting Oversight Board has issued a pair of new proposals: to strengthen its requirements for an auditor’s use of the work of specialists, and for auditing accounting estimates such as fair value measurements. The first proposal aims to give investors more protections by toughening the rules for evaluating the work of a

  • PCAOB expands auditors’ reporting duties

    By Ken Tysiac Reports prepared by public company auditors will contain more information for investors and other financial statement users as a result of new rules approved Thursday by the PCAOB during an open meeting in Washington. Under the new PCAOB standard and related amendments, the auditor’s report will retain the pass/fail opinion of the

  • PCAOB adopta el nuevo estándar para mejorar la relevancia y utilidad del informe del auditor información adicional para inversores

    PCAOB adopta el nuevo estándar para mejorar la relevancia y utilidad del informe del auditor información adicional para inversores

    June 1, 2017 The Public Company Accounting Oversight Board adopted a new auditor reporting standard that will make the auditor’s report more relevant to investors by requiring more information about the audit. The standard includes the communication of critical audit matters (CAMs), which will inform investors and other financial statement users of matters arising from

  • ANIVERSARIO DE EL MERCURIO DE SANTIAGO

    *Apunte histórico del Sr. Carlos Valdivieso En un día como ayer hace 117 años apareció el número uno de eses diario; debe recordarse que El Mercurio de Valparaíso existía  desde  1827. He tenido como fuente a los historiadores señores: Patricio Bernedo Pinto  y Eduardo Arriagada Cardini y material propio. Su fundador fue Agustín Edwards Mac

  • Voices Preparing for FASB changes to revenue recognition and lease accounting

    By Michael Mathieson Published May 31 2017, 10:00am EDT Companies should begin to plan now how to incorporate the new standards and update procedures for the Financial Accounting Standards Board’s accounting updates on two significant topics: revenue recognition and lease accounting. In 2014, FASB and the International Accounting Standards Board issued a converged standard for

  • FASB performs maintenance on Accounting Standards Codification

    By Ken Tysiac May 30, 2017   FASB made the first of several scheduled maintenance updates to its Accounting Standards Codification on Tuesday as part of an effort to simplify the codification’s structure. No guidance will change as a result of these updates, but the structure of the content of some topics will be changed,

  • Prince Charles’ group offers guide to accounting for social and human capital

    By Michael Cohn The Prince of Wales’ Accounting for Sustainability Project (A4S) Chief Financial Officer Leadership Network has produced a new guide to help finance professionals consider social and human capital when making decisions. The guide was written by financial professionals from companies such as Burberry, Sainbury’s and Unilever to help their fellow finance pros

  • The CPA’s Role in  Addressing Cybersecurity Risk

    The CPA’s Role in Addressing Cybersecurity Risk

    Contents 1. EXECUTIVE SUMMARY 2. THE LANDSCAPE OF CYBERSECURITY RISK The Need to Foster Conversations Among Varied Stakeholders Varied Threats Varied Responses The Need for a Robust Private Sector Role in Cybersecurity 3. HOW CPAs PROMOTE CYBERSECURITY RESILIENCE A Long History of Strong Values and Rigorous Standards Bringing to Bear Deep Experience in IT Security

  • New EU Data Protection Law May Impact US Managers

    Blog Investment Fund Law Blog Pillsbury Winthrop Shaw Pittman LLP European Union, USA May 24 2017 The new EU data protection framework, called the General Data Protection Regulation (GDPR), will take effect in May 2018. These new laws will significantly impact any companies doing business in Europe, even those without a physical EU presence (e.g.

  • Blockchain and the financial markets: Will 2017 be the year of the regulators?

    USA May 24 2017 New rules covering blockchain and distributed ledger technology could be on the horizon following a flurry of consultation papers by leading financial regulators. In 2016, policy makers and regulators started to take an active interest in blockchain and distributed ledger technology (DLT). However, many adopted a “wait and see” approach rather

  • PCAOB y el nuevo informe del Auditor

    PCAOB y el nuevo informe del Auditor

    Nota del Editor de AECHILE; tomando noticias de Accounting ToDay comentan lo siguiente; cabe recordar que este tema ha sido postergado varias veces;por contraparte IFAC y quienen siguen ISAS lo tienen implementado desde diciembre 2016 para empresas listadas La Junta de auditoría  tiene previsto celebrar una reunión abierta el próximo jueves, 1 de junio para

  • Manuel Rodríguez Erdoíza

    *Apunte histórico del Sr. Carlos Valdivieso   En un día como hoy el 26 de mayo de 1818 fue asesinado por la espalda en Til Til  el patriota chileno Manuel Rodríguez Erdoíza a los 33 años de edad. El entorno recordaba que el 8 de abril de 1818 habían sido fusilados en Mendoza los hermanos

  • PCAOB to consider adopting new auditor’s reporting standard

    By Ken Tysiac May 24, 2017 The PCAOB will hold an open meeting on June 1 to consider adopting a new standard that would require auditors to provide additional information in the auditor’s report. In its auditor’s reporting model project, the PCAOB has been working for years to find a mechanism for auditors to provide

  • ASB addresses engagements performed under 2 sets of attestation standards

    An interpretation issued Tuesday by the AICPA Auditing Standards Board permits practitioners to perform and report on an attestation engagement in accordance with AICPA attestation standards in addition to another set of attestation standards as long as both sets of standards are followed in their entirety. Additional language in Attestation Interpretation No. 4 to AT-C

  • Call for applications to undertake a literature review on the effect of implementation of IFRS 13 Fair Value Measurement

      The call for research seeks applications to undertake a literature review, bringing together the existing academic literature on the effect of implementation of IFRS 13 Fair Value Measurement. The International Accounting Standards Board (the Board) will use the review of literature in its Post-implementation Review of IFRS 13 (PIR). Funding of £4,000 is available

  • COMISIÓN PARA EL MERCADO FINANCIERO DE CHILE: CONTEXTO INTERNACIONAL

    COMISIÓN PARA EL MERCADO FINANCIERO DE CHILE: CONTEXTO INTERNACIONAL

    Ministerio de Hacienda de Chile Martes 16 de Mayo de 2017 Héctor Lehuedé Gerente senior – División de Asuntos Corporativos Descargar PDF (759 kb)

  • Seminario Desafíos Regulatorios 2017

    Seminario Desafíos Regulatorios 2017

    Tres archivos a descargar:

  • Consultation documents open for comment

      This page lists all documents that are currently open for comment, in order of comment deadline (earliest first).  Click on the links below to jump to the right section or scroll down. IFRS Foundation – consultation documents IASB projects – consultation documents IFRS IC and other consultation documents Tentative agenda decisions open for comment

  • Principales Desafíos Regulatorios SBIF

    Principales Desafíos Regulatorios SBIF

    Eric Parrado H. Superintendente de Bancos e Instituciones Financieras.   Descargar pdf ( 973 kb)

  • IASB finalises fundamental overhaul of insurance accounting

    18 May 2017 The International Accounting Standards Board (the Board) has today issued IFRS 17 Insurance Contracts. This first truly international IFRS Standard for insurance contracts will help investors and others better understand insurers’ risk exposure, profitability and financial position. IFRS 17 replaces IFRS 4, which was brought in as an interim Standard in 2004.

  • Desafíos Regulatorios 2017-2018:Los planes de la SVS

    Desafíos Regulatorios 2017-2018:Los planes de la SVS

    Contenido del documento: 1. Pilares del proceso normativo de la SVS. 2. Regulación participativa. 3. Desafíos normativos en el mercado de valores. 4. Desafíos normativos en el mercado de seguros. 5. Desafíos normativos regionales. 6. Comentarios finales.   Descargar pdf ( 774 kb)

  • Fed seguiría adelante con alza de tasas pese a revuelo político

    El Mostrador por Bloomberg 19 mayo, 2017 Los observadores de la Fed dijeron que el banco central seguirá adelante con los planes destinados a normalizar gradualmente las tasas con el fin de frenar una economía que las autoridades creen está creciendo por encima de su potencial y evitar que las condiciones del mercado se sigan

  • Carlos Condell – el marino ingenioso

    *Apunte histórico del Sr. Carlos Valdivieso El próximo 21 de mayo se recordará la gesta de Iquique y especialmente a Arturo Prat. Este pequeño apunte es para recordar al marino Carlos Condell quien con su astucia hizo encallar al buque peruano Independencia más grande y poderoso que el Huáscar, siendo de hecho el principal buque

  • Tres claves para un efectivo control interno sobre la información financiera

    Tres claves para un efectivo control interno sobre la información financiera

      Comentario del Editor de AECHILE Cindy Fornelli Directora Ejecutiva del CAQ se refiere a tres temas: Alta Dirección Observar señales de advertencia Mejorar el papel vital del Comité de Auditoría The following is a guest post from the CAQ‘s Executive Director Cindy Fornelli. Many factors go into the robust confidence that investors consistently show

  • FASB issues accounting standards update on service concession arrangements

    By Anslee Wolfe In a new accounting standard issued Tuesday, FASB hopes to provide clarity on how an operating entity determines the customer of the operation services for transactions. Accounting Standards Update No. 2017-10, Service Concession Arrangements (Topic 853): Determining the Customer of the Operation Services (a consensus of the FASB Emerging Issues Task Force),

  • Study finds signs of accounting manipulation in revenues reported by companies

    By Michael Cohn Published May 15 2017, 4:31pm EDT More in Financial reporting Earnings Many companies may be engaging in revenue management, along with earnings management, to meet or beat analyst expectations, particularly in the technology and health care industries, according to a new study. The study, by assistant professor Rong Zhao of the University

  • IAESB Proyecto de Norma,relativa a escepticismo profesional y la opinión profesional

    IAESB Proyecto de Norma,relativa a escepticismo profesional y la opinión profesional

    Nota del Editor de AECHILE El documento en consulta hasta el 25 de Julio del 2017 fué desarrollado por  International Ethics Standards Board for Accountants® (IESBA®). Esta  propuesta vincula los conceptos clave en el IESBA Código de Ética para Contadores Profesionales y aclara su aplicación, a saber: Cómo el cumplimiento de los principios fundamentales en el Código

  • The 8 big mistakes accountants make

    Successfully avoiding mistakes is a key to practice growth, particularly those mistakes that can hinder client retention and new client acquisition – universal concerns of the accounting profession. Here are eight of the biggest mistakes most accountants make in practice management and how to avoid them. (View this article as a slideshow.) 1. Not differentiating

  • ANIVERSARIO DEL BUQUE ESCUELA ESMERALDA

    *Apunte histórico del Sr. Carlos Valdivieso Las noticias recientes mostraron que la Esmeralda inició un nuevo viaje de instrucción.La “Dama Blanca” permanecerá durante 147 días fuera de su puerto base, y volverá a Valparaíso el 1 de octubre de 2017, luego de visitar 10 puertos de distintos países como :Panamá, Estados Unidos, Canadá, Puerto Rico

  • FASB assessing efficiency, effectiveness of GAAP taxonomy

    By Ken Tysiac May 10, 2017 FASB is considering making changes to the U.S. GAAP financial reporting taxonomy that would be intended to improve the taxonomy’s usability and the processes that support taxonomy-related activities. The GAAP taxonomy is a list of computer-readable tags in XBRL that enables companies to tag the financial data in financial

  • FBI warns of surge in wire-transfer fraud via spoofed emails

    By Alastair Sharp Attempts at cyber wire fraud globally, via emails purporting to be from trusted business associates, surged in the last seven months of 2016, the U.S. Federal Bureau of Investigation said in a warning to businesses. Fraudsters sought to steal $5.3 billion through schemes known as business email compromise from October 2013 through

  • Actualizaciones del IASB

    La Actualización del IASB es un resumen del personal técnico que incluye las decisiones provisionales tomadas por el IASB en sus reuniones públicas. La primera versión en español disponible es la Actualización de la reunión de noviembre de 2016. Si lo desea, puede consultar también todas las Actualizaciones en inglés aquí. 2017 Actualizaciones del IASB

  • IASB Meeting May 2017

    Scheduled meeting of the Board. The meeting will take place on 16-17 May 2017 Location: IASB Boardroom, First Floor, 30 Cannon Street, London EC4M 6XH   Observers: To register for this meeting, please send an email to meetings@ifrs.org. Please state your name, company, and details of which days/sessions you would like to attend Webcast Registration You

  • The Public Company Accounting Oversight Board is seeing signs of progress on audit quality in its inspections.

    “We’ve seen the large firms dedicate significant resources toward remediating deficiencies and improving quality control systems,” said PCAOB board member Jeanette Franzel during a speech Thursday at Baruch College’s financial reporting conference in New York. “To varying degrees across the large firms, we’ve also seen improvements in tone at the top, coaching and support to

  • Progress towards global accounting standards: 2017 Pocket Guide published

    Progress towards global accounting standards: 2017 Pocket Guide published

    Nota del Editor de AECHILE En la página de Fundación IFRS se ha publicado la siguiente noticia  03 May 2017   The IFRS Foundation has today published the 2017 edition of its Pocket Guide to IFRS®Standards: the global financial reporting language. The Guide shows continuing progress towards further enhancing the quality of IFRS Standards and increasing

  • PCAOB  – Exposición Sra Jeanette M Franzel 4 mayo 2017

    PCAOB – Exposición Sra Jeanette M Franzel 4 mayo 2017

    Introducción del Editor de AECHILE Se acompaña el documento de la Sra Franzel miembro de la Junta de PCAOB  con motivo  de la 16 ava Conferencia de Información Financiera Entre los temas que expuso, se citan los siguientes: -El progreso de la calidad de la auditoría. .Estado actual  de la Auditoría de calidad. -Los avances

  • Nace el fundador de la Cruz Roja

    *Apunte histórico del Sr. Carlos Valdivieso Repasando fechas de mayo, seleccioné el nacimiento del fundador de la Cruz Roja; esta vez la fuente fue material de la Biblioteca Nacional de Chile y la web. Su fundador fue el Sr. Henry Dunant quien nació en Suiza el 8 de mayo de1828. Al anochecer, sobre el escenario

  • Reducing Unnecessary Complexity in Financial Reporting

    From the Chairman’s Desk: By Russell G. Golden, FASB Chairman Reducing unnecessary complexity in financial reporting benefits all our stakeholders. While some have said that our initiative to reduce unnecessary complexity degrades financial reporting and simple “GAAP” allows companies to omit important information, I have found quite the contrary to be true. Everyone who participates

  • Progress towards global accounting standards: 2017 Pocket Guide published

    03 May 2017   The IFRS Foundation has today published the 2017 edition of its Pocket Guide to IFRS® Standards: the global financial reporting language. The Guide shows continuing progress towards further enhancing the quality of IFRS Standards and increasing adoption around the world. The Pocket Guide provides an overview of the progress towards adoption

  • FinREC seeks comment on telecommunications revenue recognition issue

    An issue for telecommunications entities related to considering the effect of the time value of money is the lone revenue recognition implementation working draft published this month by the AICPA Financial Reporting Executive Committee (FinREC). FinREC has published an industry-specific guide to implementing FASB’s revenue recognition standard that is available for purchase at the revenue

  • PCAOB Memoria Anual 2016

    PCAOB Memoria Anual 2016

    2016 PCAOBNota del Editor de AECHILE El documento que se acompañá comenta entre otros aspectos, los siguientes: – Hay 2013 Firmas de Auditoría ahí registradas; de éstas 1113 son de EEUU y 900 de otros países, incluyendo 19 de Chile. – En el año 2016 PCAOB revisó 780 auditorías hechas por 198 Firmas, siendo 56

  • CARABINEROS DE CHILE

    *Apunte histórico del Sr. Carlos Valdivieso En un día como ayer hace 90 años el 27 de abril de 1927 se creó Carabineros de Chile. El Presidente de entonces Carlos Ibáñez del   Campo integró  las policías  Municipales que eran financiadas por los municipios y dependían de los alcaldes y otras policías rurales, surgiendo Carabineros de

  • SVS – Cuenta Pública 2016

    SVS – Cuenta Pública 2016

              Descargar Cuenta Pública – Superintendencia de Valores y Seguros – 2016 Carlos Pavez Tolosa Superintendente de Valores y Seguros 27 de abril de 2017        

  • Twelfth progress report on adoption of Basel III standards published by the Basel Committee

    Press release The Basel Committee on Banking Supervision has today issued the Twelfth progress report on adoption of the Basel regulatory framework. This report sets out the adoption status of Basel III standards for each BCBS member jurisdiction as of end-March 2017. It updates the Committee's previous progress reports which have been published on a
  • SBIF – Informe Anual 2016

    SBIF – Informe Anual 2016

    El presente Informe Anual 2016 tiene por objetivo contribuir al conocimiento y acercamiento de la comunidad a la labor de la Superintendencia, y al mismo tiempo, divulgar más y mejor información de la industria regulada. Cierre estadístico al 31 de marzo de 2017.   Descargar pdf ( 3.6 mb)

  • SEC Awards Nearly $4 Million to Whistleblower

    FOR IMMEDIATE RELEASE 2017-84 Washington D.C., April 25, 2017— The Securities and Exchange Commission today announced an award of nearly $4 million to a whistleblower who tipped the agency with detailed and specific information about serious misconduct and provided additional assistance during the ensuing investigation, including industry-specific knowledge and expertise. “Not only did this whistleblower

  • CAQ Alert #2017-01 – AICPA Publishes Criteria to Evaluate and Report on Cybersecurity

    As the discussion around cybersecurity has grown, so has the auditing profession’s engagement with key stakeholders in the capital markets. The auditing profession is in a strong position to play an important role in advancing cybersecurity risk management practices, bringing to bear its deep expertise in providing independent evaluations of a broad range of subject

  • Study questions value of auditor rotation

    Mandatory rotation of auditing firms and engagement partners doesn’t necessarily foster greater professional skepticism, according to a new academic study. The study polled 233 pairs of auditors and their contact persons at client firms (mainly CEOs or CFOs) on their attitudes towards mandatory rotation and found that trust and professional skepticism can work hand in

  • IASB proposes tweaks to financial instruments standard

    The International Accounting Standards Board has proposed a set of minor amendments to the financial instruments standard to make it easier to implement. The changes to IFRS 9 would allow companies using International Financial Reporting Standards to measure certain prepayable financial assets with so-called “negative compensation” at amortized cost. They come in response to comments

  • IASB proposes minor amendments to IFRS 9 to aid implementation

    21 April 2017   The International Accounting Standards Board (the Board) has today proposed minor amendments to the financial instruments Standard, IFRS 9, to enable companies to measure at amortised cost certain prepayable financial assets with so-called negative compensation. The amendments respond to comments received by the IFRS Interpretations Committee and are intended to improve

  • Censo y la Biblia

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores: espero que el miércoles recién pasado los hayan censado; mientras esperaba me visitaran, preparé  este apunte, recordando mis lecturas de la Biblia y la fuente Diccionario Nelson Test. “Censo significa: enumeración y registro de los ciudadanos de un pueblo. Esta es una práctica muy antigua, lo practicaron

  • 4 in 10 Americans say technology leads them to pay more for convenience

    By Samiha Khanna Technology has made it easier for consumers to save money on goods and services, but the convenience it offers can lead to increased spending. In a recent AICPA survey, 41% of Americans said that their use of personal technology makes them more likely to pay extra for convenience. The survey, conducted in

  • IASB Meeting April 2017

    Scheduled meeting of the Board. The meeting will take place on 24 and 27 April 2017 Location: IASB Boardroom, First Floor, 30 Cannon Street, London EC4M 6XH   Observers: To register for this meeting, please send an email to meetings@ifrs.org. Please state your name, company, and details of which days/sessions you would like to attend. Webcast Registration You

  • EXTERNAL AUDITOR A REFERENCE FOR US ASSESSMENT TOOL- CAQ

    EXTERNAL AUDITOR A REFERENCE FOR US ASSESSMENT TOOL- CAQ

    Nota del Editor de AECHILE CAQ ( Center for Audit Quality ) ha publicado recientemente el documento que se acompaña; tomando sus referencias, comentamos : Herramienta de Evaluación del Auditor Externo: Una referencia para los Comités de Auditoría de los Estados Unidos Publicado por la CAQ en colaboración con el Comité de Auditoría La colaboración,

  • GAO proposes changes in Government Auditing Standards

    The Government Accountability Offices is asking for feedback on a set of proposed changes to Government Auditing Standards, commonly known as the “Yellow Book,” the first revision since 2011. The GAO originally issued the standards in 1972. The 2017 exposure draft of proposed changes takes into account some of the developments in the auditing, accountability

  • SEC: Payments for Bullish Articles on Stocks Must Be Disclosed to Investors

    Press Release 27 Firms and Individuals Charged With Fraudulent Promotion of Stocks FOR IMMEDIATE RELEASE 2017-79 Washington D.C., April 10, 2017— The Securities and Exchange Commission today announced enforcement actions against 27 individuals and entities behind various alleged stock promotion schemes that left investors with the impression they were reading independent, unbiased analyses on investing

  • SEC: Payments for Bullish Articles on Stocks Must Be Disclosed to Investors

    27 Firms and Individuals Charged With Fraudulent Promotion of Stocks FOR IMMEDIATE RELEASE 2017-79 Washington D.C., April 10, 2017— The Securities and Exchange Commission today announced enforcement actions against 27 individuals and entities behind various alleged stock promotion schemes that left investors with the impression they were reading independent, unbiased analyses on investing websites while

  • Expectations and paths don’t always align for controllers

    By Neil Amato April 12, 2017 Most controllers are expected to shape and execute strategic initiatives, an evolution of the finance role that mirrors that of the CFO. Yet, few companies clearly define a path for controllers to take on greater responsibility, according to a report by Deloitte released Wednesday. Ninety-two percent of North American

  • Industry 4.0 and cybersecurity

    Industry 4.0 and cybersecurity

    Nota del Editor de AECHILE Se acompaña documento de Deloitte que aborda el tema en forma analítica y amena con ilustraciones.     Descargar PDF ( 996 KB)    

  • Expectations and paths don’t always align for controllers

    Most controllers are expected to shape and execute strategic initiatives, an evolution of the finance role that mirrors that of the CFO. Yet, few companies clearly define a path for controllers to take on greater responsibility, according to a report by Deloitte released Wednesday. Ninety-two percent of North American controllership professionals say the CFO and

  • Semana Santa; nacimiento y muerte de Jesucristo- fechas Inciertas

    *Apunte histórico del Sr. Carlos Valdivieso Estimados lectores: mañana se inicia la Semana Santa para muchos creyentes; he querido compartir con Uds. estas fechas que parece son inciertas. Fecha de Semana Santa Uds. se preguntarán porqué las fechas cambian cada año; ello es porque esta semana se rige por el ciclo lunar que es distinto

  • Publicada la Actualización del IASB de marzo de 2017

    07 April 2017 El IASB se reunió el 21 y 22 de marzo de 2017 y se ha publicado un resumen de esta reunión. Los temas que se trataron fueron: Información corporativa más amplia Plusvalía y deterioro del valor Tasas de descuento-mediciones del valor presente Contratos de seguro (actualización verbal) Estados Financieros Principales El Marco

  • New audit data standard addresses inventory subledger

    By Ken Tysiac April 6, 2017   A new audit data standard issued by the AICPA Assurance Services Executive Committee addresses the inventory subledger and is intended to accommodate basic analysis of the inventory process. Through its Emerging Assurance Technologies Task Force, the Assurance Services Executive Committee is developing audit data standards designed to make

  • SVS Norma de Carácter General N°385 sobre Gobiernos Corporativos Exposición del Superintendente 5 abril 2017

    SVS Norma de Carácter General N°385 sobre Gobiernos Corporativos Exposición del Superintendente 5 abril 2017

    Nota del Editor de AECHILE Se acompaña la exposición del Sr Superintendente de Valores y Seguros presentada en las VII Jornadas de Gobierno Corporativo de la Pontificia Universidad Católica de Chile.Se muestran resultados del año 2016 y comentarios hacia adelante. El Sr Superintendente de Valores y Seguros, destacó que se espera:”Generación de mecanismos de relacionamiento

  • Nacimiento de Gabriela Mistral

    *Apunte histórico del Sr. Carlos Valdivieso Gabriela Mistral, seudónimo de Lucila de María del Perpetuo Socorro Godoy Alcayaga, fue una poetisa, diplomática, feminista y pedagoga chilena que nació  en un día como hoy el 7 de abril de 1889 en Vicuña y murió 10 de enero de 1957, en Nueva York. Este pequeño apunte sólo

  • Deloitte Accounting Roundup First Quarter In Review 2017

    Deloitte Accounting Roundup First Quarter In Review 2017

    Nota del Editor de AECHILE Se acompaña boletín emitido por Deloitte con un resumen de temas recientes en materias de Contabilidad.     Descargar PDF  (1.5 mb.)

  • Revenue recognition working drafts issued for 4 industries

    The airlines, gaming, hospitality, and time-share industries are represented in the latest group of revenue recognition working drafts exposed by the AICPA Financial Reporting Executive Committee (FinREC). FinREC is seeking comment on issues that will be included in its industry-specific guide to implementing FASB’s new revenue recognition standard. The guide, which has been published online,

  • IBM Watson using Blockchain to protect Electronic Medical Records (EMRs)!

    USA March 31 2017 Computerworld announced that “IBM’s Watson Health artificial intelligence unit has signed a two-year joint-development agreement with the U.S. Food and Drug Administration (FDA) to explore using blockchain technology to securely share patient data for medical research and other purposes.” The January 11, 2017 article entitled “IBM Watson, FDA to explore blockchain

  • Advancing the Role and Effectiviness of Audit Committees.

    Advancing the Role and Effectiviness of Audit Committees.

    Nota del Editor de AECHILE El documento corresponde a la exposición hecha el 24 de marzo del 2017 por el Sr Wesley R Bricker Jefe de Contabilidad de la SEC ( US Securities and Exchange Commission) en la Universidad de Tennessee.   Remarks before the University of Tennessee’s C. Warren Neel Corporate Governance Center: “Advancing

  • Welcome to the IFRS for SMEs Update

    The IFRS for SMEs Update is a quarterly staff summary of news, events and other information about the IFRS for SMEs Standard and related SME activities. The staff summary has not been reviewed by the International Accounting Standards Board (the Board). Past issues are available in both HTML and PDF format on the IFRS®Foundation website

  • IASB outlines steps to improve disclosures in financial statements

    30 March 2017   The International Accounting Standards Board (the Board) has today published a Discussion Paper that suggests principles to make disclosures in financial statements more effective. The Discussion Paper Disclosure Initiative—Principles of Disclosure seeks public feedback on disclosure issues the Board has identified through outreach as well as its preliminary proposals to resolve

  • Bombardeo de Valparaíso el 31 de marzo de 1866

    *Apunte histórico del Sr. Carlos Valdivieso   El hecho ocurrió en un día como hoy  hace 151 años; para este apunte he tenido como fuentes: Memoria Chilena de la Biblioteca Nacional de Chile,  al historiador Francisco A  Encina, material propio y algo de la web. Cuando he conversado este tema, me ha llamado la atención

  • Revenue recognition standard will require new disclosures

    The new revenue recognition standard is going to force many companies to make new disclosures, but they shouldn’t wait until the last minute to get ready, warns a recent report. The report, from Deloitte, notes that some public companies might put off considering the revenue recognition standard’s new disclosure requirements until early 2018, after the

  • Voices Blockchain, accounting and audit: What accountants need to know

    By Jon Baron Published March 27 2017, 7:48am EDT Among the many disruptive technology trends impacting the way we do business, blockchain is one that is less well known within the accounting community. However, given its potential impact, blockchain is certainly not a trend that accountants can afford to overlook any longer. Defined as an

  • March 2017 IFRIC Update published

    The March 2017 IFRS Interpretations Committee Update (IFRIC Update) has been published. View this IFRIC Update and previous Updates. Topics discussed at the March 2017 meeting: Items on the current agenda   IFRS 3 Business Combinations and IFRS 11 Joint Arrangements—Previously held interests (Agenda Paper 9) IAS 19 Employee Benefits—Plan amendments, curtailments or settlements (Agenda

  • El Cruce de la cordillera de Los Andes

    *Apunte histórico del Sr. Carlos Valdivieso   Recordemos este hecho del cual se cumplieron recientemente 200 años. Se inició el 19 de enero y terminó el 8 de febrero de 1817. Para este apunte, he tenido como fuentes: al historiador Francisco A Encina,la Memoria Chilena de la Biblioteca Nacional de Chile, la web y material

  • SEC proposes switch to Inline

    The Securities and Exchange Commission has proposed a rule to require companies and mutual funds to use Inline XBRL, a version of Extensible Business Reporting Language, in their operating company financial statement information and mutual fund risk/return summaries. The SEC adopted rules in 2009 requiring companies to file their financial statements and periodic reports in

  • Voices SEC regulators should adopt global financial reporting language for better business

    By Alex Malley Published March 21 2017, 2:06pm EDT While issues of immigration, trade and freedom of the Fourth Estate are dominating the media cycle, there are other significant areas of policy flux worthy of consideration as President Donald Trump’s term gathers momentum. This includes rules for corporate governance and disclosure that may move in

  • GASB aborda amplia gama de problemas de contabilidad

    By Ken Tysiac March 20, 2017 In a new standard issued Monday, GASB addressed a wide range of accounting challenges that state and local government financial statement preparers have encountered while implementing and applying a variety of GASB statements. GASB Statement No. 85, Omnibus 2017, addresses issues related to blending component units, goodwill, fair value

  • Women and minorities increasingly attain CFO position

    More women and minorities are becoming CFOs at Fortune 500 companies, according to new research. The annual CFO Index, from the executive recruiting and leadership development firm Spencer Stuart, found that in 2016, slightly less than 13 percent (61) of Fortune 500 CFOs were women, a slight reduction from 2015. But that figure was nearly

  • Credit loss standard implementation tips

    By Ken Tysiac March 16, 2017 Accounting and finance employees at banks are quickly learning that FASB’s new expected credit loss standard presents significant implementation challenges. That’s why experts are advising banks not to delay their implementation efforts. More than two-thirds (70%) of 31 banks participating in a recent Deloitte survey had plans to begin

  • A 100 años del término de la monarquía rusa

    *Apunte histórico del Sr. Carlos Valdivieso   El 15 de marzo recién pasado se cumplieron 100 años del término de la dinastía Romanov que había gobernado en Rusia por cerca de 300 años. Ese día el 15 de marzo de 1917 abdicó el Zar Nicolás II; posteriormente fue fusilado como también su esposa y sus

  • How to improve fraud controls in complex accounting areas

    By Ken Tysiac It stands to reason that accounting areas that are highly subjective and complex also are prone to fraud, errors, and breakdowns in internal controls. A recent study by the Anti-Fraud Collaboration discovered challenges in these accounting areas and has led to new recommendations for company accounting policies and internal control over financial

  • Grupos recomiendan formas de luchar contra el fraude financiero

    Grupos recomiendan formas de luchar contra el fraude financiero

    El documento formulado conjuntamente por CAQ (Center for Audit Quality ) IIA ( Institute of Internal Auditors) y otros, formula diversas recomendaciones   Descargar pdf (1.8 mb)

  • Why Your Company Should Review its Insurance Policies Now in Light of Tough New Cybersecurity Regulations

    Newmeyer & Dillion LLP USA March 6 2017 New York’s new cybersecurity regulations just went into effect on March 1, 2017 and companies across the United States should take note. Inspired by the blockbuster proportion breaches that tanked stocks of massive corporations including several Fortune 100 companies, these regulations are recognized as the most stringent

  • Why ‘complete ERM’ is a myth

    By Neil Amato   Risk oversight has grown in importance among all types of organizations this decade, but some of the gains can be attributed to public companies responding to the SEC’s rules related to risk disclosures. Even entities not subject to SEC oversight have started to take a broader approach to enterprise risk management

  • Conferencia Nacional del AICPA Sobre Avances Actuales del SEC y el PCAOB

    Conferencia Nacional del AICPA Sobre Avances Actuales del SEC y el PCAOB

    Aquí encontrará el documento con información sobre la Conferencia Nacional del AICPA Sobre Avances Actuales del SEC y el PCAOB Diciembre de 2016 US GAAP Descargar pdf (368 kb)

  • SEC Acusa de fraude

    Press Release Executives Charged With Manipulating Company’s Accounting Systems to Steal Money FOR IMMEDIATE RELEASE 2017-64 Washington D.C., March 10, 2017— The Securities and Exchange Commission today charged two former executives at a credit card processing company with masterminding a fraudulent scheme to steal millions of dollars through phony expense reimbursements, inflated invoices, and other

  • SEC ACCEPTS 2017 GAAP FINANCIAL REPORTING TAXONOMY

    Norwalk, CT, March 9, 2017—The Financial Accounting Standards Board (FASB) today announced that the U.S. Securities and Exchange Commission (SEC) has accepted the 2017 GAAP Financial Reporting Taxonomy. The FASB staff is responsible for the ongoing development and maintenance of the GAAP Financial Reporting Taxonomy, which is applicable to public issuers registered with the SEC.

  • Título de Ciudad a Valdivia (Chile)

    *Apunte histórico del Sr. Carlos Valdivieso El 9 de marzo de 1552 , hace 465 años se confirió el título  de Cuidad a Valdivia la que había sido fundada el 9 de  febrero de 1552.En un apunte anterior reciente comenté con Uds. la fundación de Temuco, hace 135 años, o sea, Valdivia es  330  años

  • The IFRS Foundation publishes the IFRS Taxonomy 2017

    09 March 2017   The IFRS Foundation today published the IFRS Taxonomy 2017, which reflects the IFRS® Standards as issued by the International Accounting Standards Board at 1 January 2017, including Standards published but not yet effective at that date. The IFRS Taxonomy 2017 is available for both the full IFRS Standards and the IFRS for SMEs.

  • FASB proposes changes in accounting for nonemployee share-based payments

    The Financial Accounting Standards Board has proposed a new accounting standards update for simplifying the financial reporting for nonemployee share-based payments. The proposed update would expand the scope of the current standard on stock compensation, which now covers only payments to employees, so it also includes payments for goods and services to nonemployees. That way,

  • Accounting Roundup — February 2017

    Accounting Roundup — February 2017

    Nota del Editor de AECHILE   Se acompaña boletin emitido por Deloitte con un resumen de temas  recientes en materia de Contabilidad ——— Published on: Mar 03, 2017 by Magnus Orrell and Joseph Renouf, Deloitte & Touche LLPWelcome to the February 2017 edition of Accounting Roundup. Highlights of this issue include the following: The FASB’s

  • Dispute over Arthur Andersen name heats up

    The Paris-based firm that recently announced the relaunch of a new Arthur Andersen network of accounting firms is fighting back against Andersen Tax, as both entities claim to hold the rights to the Andersen name, with the head of the new Andersen accusing its rival of “ego, arrogance, lies and greed.” Last week, the new

  • Mexican homebuilder charged in $3.3B accounting fraud exposed by satellite images

    A Mexican homebuilding company, Desarrolladora Homex S.A.B. de C.V., has agreed to settle accounting fraud charges with the Securities and Exchange Commission after it allegedly falsified sales of over 100,000 homes to inflate revenue on its financial statements for three years in a row, claiming to have built homes for which satellite images showed not

  • FUNDACIÓN DEL INSTITUTO NACIONAL JOSE MIGUEL CARRERA

      *Apunte histórico del Sr Carlos Valdivieso   En un día como hoy hace 204 años el 3  de marzo de 1813 se fundó en Chile el Instituto Nacional de Santiago, hoy llamado Instituto Nacional José Miguel Carrera. Fue fundado por el gobierno de  José Miguel Carrera.. “ En octubre de 1814, cuando los patriotas fueron

  • FinREC exposes 5 revenue recognition issues

    The AICPA Financial Reporting Executive Committee (FinREC) published working drafts for five new revenue recognition issues for public comment Wednesday in its ongoing project to produce an accounting and auditing guide for revenue recognition. After reviewing public comment on the issues, FinREC will add them to the guide, which includes the work of 16 industry

  • VIDEO CAQ Cindy Fornelli requisitos cambiantes y trabajo de Auditores

    VIDEO CAQ Cindy Fornelli requisitos cambiantes y trabajo de Auditores

    Nota del Editor de AECHILE Cindy Fornelli, directora  ejecutiva  del  CAQ (  Center for Audit Quality ), habla en este video acerca de cómo los requisitos cambiantes podrían afectar el trabajo de los auditores.   http://www.accountingtoday.com/video/new-auditing-and-accounting-standards      

  • Trump gives hints on tax reform and ACA in address to Congress

    President Trump outlined a wide range of priorities, including tax reform and a health care overhaul, in his first speech before a joint session of Congress on Tuesday night. While many of the concepts were familiar from the campaign trail and his first month in office, the tone of Trump’s speech was far more measured

  • February 2017 IASB Update published and the Work Plan updated

     27 February 2017         The topics for discussion were: – Insurance Contracts – Financial Instruments with Characteristics of Equity – Symmetric Prepayment Options – Post-implementation review of IFRS 13 Fair Value Measurement – Definition of a Business – Research Programme – Rate-regulated Activities – The Conceptual Framework for Financial Reporting – Modifications

  • Voices Proven ways for accountants to instill ethics in companies

    The Volkswagen emissions fraud and the multiple Wells Fargo scandals are just two high-profile examples of business leaders allowing (knowingly or not) unethical behavior to take root in their organization’s culture. The public fallout from these scandals reinforces that acting ethically is as important and material to a company’s performance as ensuring the financials are

  • The Security Intelligence Center

    The Security Intelligence Center

    Nota del Editor de AECHILE Un nuevo informe de la Fundación de Auditoría Interna y Crowe  Horwath ofrece un vistazo a la siguiente etapa en la evolución de la estrategia de seguridad cibernética mediante el examen de la creciente utilización de los centros de operaciones de seguridad y centros de inteligencia de seguridad. “Pasos siguientes: Después

  • ANIVERSARIO DE LA FUNDACIÓN DE TEMUCO

      *Apunte histórico del Sr Carlos Valdivieso   En  un día como hoy; hace 136 años se fundó la ciudad de Temuco al sur de Chile; para este apunte he tenido como fuente: La Biblioteca Nacional, al historiador Eduardo Pino Zapata en su libro “ Historia de Temuco”,la web y material propio . “En 1881,

  • AICPA changes going concern audit standard

    By Michael Cohn Published February 22 2017, 12:02pm The American Institute of CPAs’ Auditing Standards Board has revised its standard for going concern opinions. The new standard, Statement on Auditing Standards No. 132, The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern (AICPA, Professional Standards, AU-C sec. 570), supersedes SAS No.

  • Voices Does automation mean job losses for accountants?

    While opinions vary on the number of jobs that can be “automated away,” it’s clear a large number of positions now handled by people, including accounting jobs, will be supplemented or replaced in some way by intelligent machines. The utterance of the word “automation” conjures up gloomy images of job losses and people left behind

  • Trump’s Deregulation-Oriented Executive Orders: How Will They Impact Recent CFPB Regulatory Actions and Other Financial Regulations?

    USA February 17 2017 How will President Donald J. Trump’s recent executive order—(i) the “one-in-two-out” cap on new regulations and (ii) the mandated review of existing financial regulations—impact financial regulation, including regulations promulgated by the Consumer Financial Protection Bureau (CFPB)? It depends. What happened There are at least two executive orders making waves throughout the

  • SEC Targets Severance Agreements That Impede Whistleblowers

    SEC Targets Severance Agreements That Impede Whistleblowers Blog Employers’ Lawyers Blog Holland & Hart LLP USA February 7 2017 The U.S. Securities and Exchange Commission (SEC) is cracking down on severance agreements that prohibit former employees from contacting regulators or accepting whistleblower awards under threat of losing their severance payments or other post-employment benefits. More

  • Fraude- Informe ACFE 2016

    Fraude- Informe ACFE 2016

    Nota del Editor de AECHILEACFE es la sigla de Associaton of Certified Fraud Examiners.El informe contiene 2.410 respuestas de personas de diferentes países ( Chile figura con cuatro respuestas). Cubre casos del 2015 hasta octubre de dicho año, los que fueron incluidos en este informe 2016 Van dos archivos; el primero es el resumen ejecutivo

  • Presidente Gabriel González Videla en la Antártica

    *Apunte histórico del Sr Carlos Valdivieso   En un día como hoy hace 69 años el 17 de febrero de 1948 el Presidente González Videla,arribó  a la Antártica. convirtiéndose así en el primer presidente del mundo en visitarla . Arribó a suelo antártico junto a una gran comitiva que lo acompañaba, donde se encontraba parte

  • FASB business definition guidance will aid some companies, but not all

    By Michael Cohn The Financial Accounting Standards Board’s guidance on the definition of a business could be of special benefit to the real estate, pharmaceutical, biotech and financial services industries, but doesn’t go as far as some had hoped. FASB issued the accounting standards update last month (see FASB clarifies business definition). The update clarifies

  • FASB goodwill impairment simplification proves to be popular

    At least one of the Financial Accounting Standards Board’s simplification initiatives is proving to be so popular that some companies want to adopt it as of yesterday. It involves eliminating an extra step for goodwill impairment tests. Late last month, FASB released a new standard to simplify the goodwill impairment test, allowing many companies that

  • Melancon: CPA firms will be unrecognizable in 5-10 years

    The number of changes facing the accounting profession will leave most practices radically altered in the near future, according to Barry Melancon, the president and CEO of the American Institute of CPAs. Speaking at a gathering of technology vendors hosted by CPA.com and the institute, Melancon told attendees, “We are in a change management profession.

  • Supreme Court decision creates liability risk for CPA profession regulators

    By Joseph P. Petito, Esq. February 9, 2017 Members of state boards of accountancy may be vulnerable to lawsuits following a 2015 Supreme Court decision that state regulators could be held personally liable for potential antitrust actions taken on behalf of the regulatory body. The ruling applies to all state regulatory boards that are made

  • Leases implementation webcast series: Lease modification for lessees to be discussed

    09 February 2017 In response to feedback received from stakeholders the IASB staff will be recording a webcast addressing modifications for lessees. In the new webcast, IASB staff will talk about the modification requirements in IFRS 16 and questions received from those currently implementing the new Standard. The webcast is expected to be published in March

  • LA AURORA DE CHILE-ANIVERSARIO

    *Apunte histórico del Sr Carlos Valdivieso Fue el primer diario chileno; su primera edición fue el 13 de febrero de 1812;o sea, hace 205 años; para este apunte he tenido como fuente a : el historiador Francisco  A Encina en su Historia de Chile, a la web, y material propio. El historiador Encina en su

  • Voices Preparing for the new rev rec standards: Choosing the right adoption method

    As companies prepare for the new revenue accounting standards that take effect for all public companies in 2018, a wide range of accounting and financial executives are tasked with evaluating what adjustments will need to be made and what new procedures will need to be put in place for recording various financial metrics. Revenue recognition

  • China planea crear una nueva comisión para prevenir ciberataques

    La iniciativa se encargará de evaluar qué productos y hardware podrían ser vulnerables, para incrementar el control de la red y flujos de datos. 06 de Febrero de 2017 | 12:43 | EFE 1 Reuters BEIJING.- El Gobierno chino está considerando crear un nuevo organismo para estrechar el control del ciberespacio y prevenir ataques del

  • Global Data & Privacy Update – February 2017

    Clyde & Co LLP Welcome to the February Global Data & Privacy Update. This update is dedicated to covering the latest legislative developments affecting the way data is managed and protected, as well as reporting on the most recent news governing data breaches and industry developments. ICO fines RSA for data protection breach The ICO

  • Audit Analytics Reports on Top Issues in 2016 SEC Comment Letters

    USA January 30 2017 Audit Analytics recently released its “big picture” review of SEC comment letter activity for the first six months of 2016. The SEC issued 2,491 comment letters to 808 reporting companies in the first six months of 2016, a considerable decline compared to 3,166 and 4,348 letters filed in the first six

  • A GAAP-Happy Month in SEC Enforcement

    Drinker Biddle & Reath LLP – Stephen G. Stroup USA February 1 2017 In January, the SEC settled no fewer than seven enforcement proceedings with companies that involved alleged violations of generally accepted accounting principles (GAAP). While the sheer number of settlements would have been remarkable on its own, when examined individually, these proceedings reveal

  • EL INCENDIO EN SANTIAGO DE CHILE EN 1541

    *Apunte histórico del Sr Carlos Valdivieso Estimados lectores: Los incendios han sido noticia de todos estos días; alguien que lee esta columna me motivó a publicar algún relato de algún incendio histórico; pues bien, recordé lo leído en el incendio de Santiago ocurrido el 11 de septiembre de 1541 y adicioné a mi material, los

  • IFRS 9 and IFRS 15—one year to go

    03 January 2017   The final countdown has started to the effective date of IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers. Companies will have to apply the two Standards for reporting periods beginning on or after 1 January 2018. Now is good time for a recap on the changes the

  • CAQ celebrates 10th anniversary with accounting all-stars in Washington

    The Center for Audit Quality marked its 10th anniversary at an event in Washington, D.C., on Monday featuring a roster of high-profile figures in the accounting profession. CAQ executive director Cindy Fornelli kicked off a series of roundtable panel discussions. “Ten years ago today, on this very day, the public company auditing profession announced the

  • FASB updates goodwill impairment standard

    The Financial Accounting Standards Board has released a new standard that promises to simplify the goodwill impairment test, allowing many companies that don’t already apply the private company accounting alternative for goodwill to skip an extra step. The new standard requires a one-step impairment test, in which a goodwill impairment loss is measured as the

  • New impair model under IFRS 9-Crowe Horwath

    New impair model under IFRS 9-Crowe Horwath

    Nota del Editor de AECHILE Se acompaña el documento que tiene fecha efectiva el 1 de enero del 2018 Link: http://www.crowehorwath.net/ crowe-horwath-global/news/New_ impairment_model_under_IFRS_9. aspx

  • BDO Boletín Internacional de Información Financiera 2016 / 17

    BDO Boletín Internacional de Información Financiera 2016 / 17

    Nota del Editor de AECHILE Se acompaña este documento que comenta cambios en las siguientes Normas:NIIF1, NIIF 12- NIC 28 yNIC 40 con las fechas efectivas, destacando que la NIIF 12 con la información a revelar sobre participaciones en otras entidades tiene fecha efectiva para períodos que se inician el o después del 1 de

  • AICPA works through revenue recognition issues

    The American Institute of CPAs has been producing guidance for how different industries can deal with the new revenue recognition standard that will be taking effect at the end of the year, along with the distinct issues they will be facing. A working group at the AICPA representing the eight largest accounting firms has been

  • Abdicación de Bernardo O’Higgins

    *Apunte histórico del Sr Carlos Valdivieso En un día como mañana hace 194 años ocurrió su abdicación el 28 de enero de 1823.He tenido como fuente material de la Biblioteca Nacional, al historiador don Francisco A Encina y algo de material propio. La documentación es extensa, por lo que va un breve apunte para recordar

  • Declaraciones juradas anuales

    Declaraciones juradas anuales

    Nota del Editor de AECHILE Se acompaña Informativo tributario de la Firma PKF Chile Auditores Consultores Ltda con cuadros y fechas que son valiosos y útiles. Descargar pdf (233 kb)      

  • SEC ´Prioridades 2017

    Drinker Biddle & Reath LLP USA January 23 2017 On January 12, 2017, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) announced its examination priorities for 2017. This year’s priorities are focused around three topics: (1) retail investors, (2) senior investors and retirement investments, and (3) market-wide risks. These priorities affect investment advisers, investment companies, broker-dealers,

  • Yahoo enfrenta investigación en EE.UU. por filtración de datos

    Por Aruna Viswanatha y Robert McMillan lunes, 23 de enero de 2017 12:52 EDT Las autoridades de Estados Unidos investigan si se tendría que haber informado antes a los inversionistas sobre las dos filtraciones masivas de datos de Yahoo Inc., según fuentes al tanto, lo que podría suponer la mayor prueba para determinar cuándo exigir

  • New cybersecurity regulation hits New York financial firms March 1

    The rules, which include having written policies and procedures and a designated chief information security officer, could become a model for other states.   New cybersecurity rules for financial services providers are set to take effect March 1 for all firms doing business in New York, and the new requirements may be showing up around

  • LA FESTIVIDAD DE SAN SEBASTIÁN

    *Apunte histórico del Sr Carlos Valdivieso En un día como hoy cada 20 de enero, se celebra la festividad de San Sebastián ; especialmente en la ciudad de Yumbel en la Octava Región, es algo como el 8 de diciembre en lo Vásquez pero en un ámbito rural. En lo personal, yo de pequeño fui

  • 5 strategies to efficiently implement the new lease accounting standard

    Sabine Vollmer (Sabine.Vollmer@aicpa-cima.com) is a JofA senior editor.   As mandated by regulators, Sealed Air is implementing the new lease accounting standard on schedule. The standard will take effect Jan. 1, 2019, for public companies and one year later for private companies. Implementation requires public companies to restate 2017 and 2018 and private companies to

  • UK Government to implement Cyber Security Directive

    UK Government to implement Cyber Security Directive Bond Dickinson LLP European Union, United Kingdom January 17 2017 The UK Government has recently published its ‘Cyber Security Regulation and Incentives Review’ in which it confirms that it will be implementing the European Network and Information Security Directive – more colloquially known as the Cyber Security Directive

  • SEC- SQM

    Chemical and Mining Company in Chile Paying $30 Million to Resolve FCPA Cases FOR IMMEDIATE RELEASE 2017-13 Washington D.C., Jan. 13, 2017 —The Securities and Exchange Commission today announced that Chilean-based chemical and mining company Sociedad Quimica y Minera de Chile S.A. (SQM) agreed to pay more than $30 million to resolve parallel civil and

  • Enhancing Organizational Reporting: Integrated Reporting Key

      Enhancing Organizational Reporting: Integrated Reporting Key Policy Position Paper #8 Integrated reporting is the way to achieve a more coherent corporate reporting system, fulfilling a need for a single report that provides a fuller picture of organizations’ ability to create value. Integrated reporting can be used as an “umbrella” report for an organization’s broad

  • IASB proposes amendments to 3 IFRS standards

    By Neil Amato January 12, 2017 The International Accounting Standards Board (IASB) proposed amendments Thursday to three IFRS standards as part of the board’s annual improvements process. The IASB is proposing amendments to standards related to income taxes, borrowing costs, and investments in associates and joint ventures. The proposed amendments are: International Accounting Standard (IAS)

  • Seminario Deloitte; “El nuevo estándar ISO 37001: 2016 en Sistemas de Gestión Anti-corrupción

    Seminario Deloitte; “El nuevo estándar ISO 37001: 2016 en Sistemas de Gestión Anti-corrupción

    Nota del Editor de AECHILE AECHILE fué invitada al Seminario que se indica La exposición estuvo a cargo del Sr Rodrigo Yáñez Senior Manager de Deloitte Forensic y posteriomente hubo un panel con participación de:Alberto Precht, Director Ejecutivo de Chile Transparente, Marta Herrera , Directora de la Unidad Especializada anticorrupción del Ministerio Público y Felipe

  • International Accounting Standards Board consults on clarifications to IFRS Standards

    12 January 2017 The International Accounting Standards Board (the Board) has today published proposed amendments to three Standards for public consultation as part of its annual improvements process. The document contains proposed amendments to IAS 12 Income Taxes, IAS 23 Borrowing Costs and IAS 28 Investments in Associates and Joint Ventures. The proposed amendments to IAS 12 clarify that an

  • LOS PINCHEIRA

    *Apunte histórico del Sr Carlos Valdivieso Estos bandoleros habían causado el terror y el Gobierno de la época encargó al General Manuel Bulnes que los derrota. Hace 185 años el 14 de enero de 1832 El General Manuel Bulnes en la batalla de Epulafquén derrotó a la banda de los Pincheira, famosos bandoleros que azotaban

  • FASB addresses debt classification, inventory disclosures

    By Ken Tysiac January 10, 2017   In separate proposals issued Tuesday, FASB addressed balance sheet classification of debt and the disclosure requirements for inventory under the board’s Disclosure Framework. The proposed Accounting Standards Update on debt classification is designed to simplify guidance used to determine whether debt should be classified as current or noncurrent

  • FINRA Publishes 2017 Regulatory and Examination Priorities Letter

    USA January 6 2017 On January 4, the Financial Industry Regulatory Authority published its Annual Regulatory and Examinations Letter (Priorities Letter), which outlines the key areas on which FINRA intends to focus during its 2017 exam period. The areas of emphasis set forth in the Priorities Letter are based on observations from FINRA’s regulatory programs

  • La urgencia de pasar revista a las nuevas NIIF

    La urgencia de pasar revista a las nuevas NIIF

    Por Robinson Lizana, Socio de Auditoría de Deloitte link: https://www2.deloitte.com/cl/e s/pages/real-estate/articles/c l-nuevas-niif.html    

  • In with the New – Professional Expectations for 2017

    In with the New – Professional Expectations for 2017

    Nota del Editor de AECHILE El Sr David Chitty International Accounting & Audit Director de Crowe Horwath International comenta algunas materias que deben tenerse en cuenta el 2017. link:  http://www.crowehorwath.net/crowe-horwath-global/news/In_with_the_New_-_Professional_Expectations_for_2017.aspx

  • SEC-Denuncia

    SEC Awards $5.5 Million to Whistleblower FOR IMMEDIATE RELEASE 2017-1 Washington D.C., Jan. 6, 2017 —The Securities and Exchange Commission today announced an award of more than $5.5 million to a whistleblower who provided critical information that helped the SEC uncover an ongoing scheme. According to the SEC’s order, the whistleblower was employed at the

  • FASB clarifies definition of a business

    FASB clarified the definition of a business Thursday in an effort to help financial statement preparers evaluate whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The clarification is described in Accounting Standards Update No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business. “Stakeholders expressed concerns that

  • Servicio postal aéreo chileno a Europa

    *Apunte histórico del Sr Carlos Valdivieso Hace 88 años un 6 de marzo de 1928 se inaguró el servicio postal aéreo desde Chile a Europa; antes las cartas se enviaban por barco con la consiguiente demora.Veamos algunos recuerdos del correo para lo cual he consultado material histórico de Correos de Chile en su publicación “260

  • AICPA exposes more revenue recognition working drafts

    Four new working drafts of accounting issues related to implementation of FASB’s new revenue recognition standard were issued Tuesday by the AICPA Financial Reporting Executive Committee (FinREC). These were the latest of numerous working drafts issued by FinREC in its development of a new AICPA revenue recognition guide. The drafts discuss considerations designed to help

  • Auditing Standards

    Auditing Standards

    Nota del Editor de AECHILE PACOB ha publicado los estándares de auditoría al 31 de diciembre 2016 que son válidos para las empresas listadas en EEUU entre las cuales hay algunas chilenas   The standards presented below reflect the reorganization of PCAOB auditing standards, which became effective as of December 31, 2016 pursuant to SEC

  • Comités de Auditoría Documento Deloitte enero 2017

    Comités de Auditoría Documento Deloitte enero 2017

    Descargar documento desde el siguiente link: Descargar (PDF 288 kb)  

  • Voices Recodifying SOC reports: What SSAE No. 18 means for SOC 1s

    For as long as organizations have relied on other third-party providers for the delivery of outsourced services, those organizations have had a need for information about the third parties they use for those outsourced services. Whether the information was specific to how the third party ensured quality in its services provided to the organization, the

  • PCAOB staff offers guidance on audit firms’ work in China

    The Public Company Accounting Oversight Board published a document Friday providing answers from staff members to questions about the obligations of PCAOB-registered firms when performing audits in China. The staff Q&A document relates to the obligations of auditing firms based outside of Mainland China, particularly those based in the U.S., that provide issuer audit services

  • Estados financieros de las entidades aseguradoras y reaseguradoras

    Estados financieros de las entidades aseguradoras y reaseguradoras

    Descargar Circular desde el siguiente link: http://www.svs.cl/normativa/cir_2216_2016.pdf

  • AÑO NUEVO 2017 – CINCO PAISES QUE NO LO CELEBRARÁN

    *Apunte histórico del Sr Carlos Valdivieso El próximo 31 de diciembre, muchas personas celebrarán el año nuevo 2017; veamos la situación en cinco países en los que ello no ocurrirá . He tenido como fuente algún material propio, complementado por la web. 1.Arabia Saudita Ellos se guían por el calendario lunar y no por el

  • The tremendous impact of the Dodd-Frank Whistleblower Program in 2016

    By Eduardo Singerman Paul Hugel Published December 28 2016, 12:03pm EST   In its 2016 annual report to Congress, the Securities and Exchange Commission acknowledged that fiscal year 2016 was historic for the Dodd-Frank Whistleblower Program. Since the beginning of the program in August 2011 through Sept. 30, 2016, the Commission has awarded over $111

  • Toshiba prevé rebaja contable por filial nuclear en EE.UU.

    PorTakashi Mochizuki martes, 27 de diciembre de 2016 10:15 EDT TOKIO (EFE Dow Jones)— Toshiba Corp. anunció el martes que contabilizará una rebaja de valor de miles de millones de dólares relacionada con su negocio nuclear en Estados Unidos, lo que empaña los esfuerzos de la compañía por pasar la página tras el escándalo contable

  • AICPA groups recommend field-testing of FASB long-duration insurance proposal

    By Ken Tysiac December 16, 2016 The AICPA Financial Reporting Executive Committee (FinREC) and the AICPA Insurance Expert Panel recommended that FASB field-test its proposed targeted improvements to accounting for long-duration insurance contracts before finalizing them. In a joint comment letter sent Wednesday, FinREC and the Insurance Expert Panel supported FASB’s efforts to improve the

  • FASB issues GAAP taxonomy

    By Michael Cohn Published December 20 2016, 12:40pm EST The Financial Accounting Standards Board has released the 2017 GAAP Financial Reporting Taxonomy, although final acceptance by the Securities and Exchange Commission is still pending. The GAAP Financial Reporting Taxonomy includes updates for accounting standards and other improvements to the official taxonomy already in use by

  • FASB issues technical improvements to revenue recognition standard

    By Ken Tysiac December 22, 2016 FASB issued technical improvements Wednesday to its new revenue recognition standard to address 13 narrow issues related to the standard. – See more at: The amendments affect: – Loan guarantee fees. – Impairment testing related to contract costs. – The interaction of impairment testing related to contract costs with

  • CARDENAL JOSÉ MARÍA CARO RODRÍGUEZ

    *Apunte histórico del Sr Carlos Valdivieso Fue el primer Cardenal de la Iglesia católica chilena; el próximo 30 de diciembre se cumplirán 126 años de su ordenación sacerdotal; veamos brevemente algo de su vida. Nació en Pichilemu el 23 de junio de 1866; fue ordenado Cardenal por SS Pío XII en 1946 y falleció en

  • IFRS for SMEs Fact Sheet has been updated

    21 December 2016 The Fact Sheet on the IFRS for SMEs, which summarises activities since the IFRS for SMEs was issued, has been updated. The Fact Sheet includes information about adoptions, translations, training, the SME Implementation Group and other SME activities. It also contains an up-to-date list of SME resources that are available for free

  • Noticia SEC

    Company Violated Rule Aimed at Protecting Potential Whistleblowers FOR IMMEDIATE RELEASE 2016-268 Washington D.C., Dec. 19, 2016 —The Securities and Exchange Commission today announced that a technology company has agreed to pay a penalty of $180,000 to settle charges involving its severance agreements that impeded at least one former employee from communicating information to the

  • The top global risks for 2017

    The top global risks for 2017

    Nota del Editor de AECHILE Va introducción de la referencia “El entorno empresarial global es más riesgoso que en años anteriores, pero muchas organizaciones no están dedicando más tiempo o recursos para la gestión del riesgo en los próximos 12 meses, de acuerdo con una nueva encuesta global. Cada una de las 10 principales riesgos

  • BATALLA DE CURALABA ENTRE ESPAÑOLES E INDIOS

    *Apunte histórico del Sr Carlos Valdivieso El próximo 23 de diciembre se cumplirán 418 años de esta batalla llamada así por el cerro del mismo nombre al sur del río Bío Bío que le costó la vida al Gobernador Martín García Oñez, a 50 españoles y a unos 300 indios auxiliares que los acompañaban. Este

  • FASB issues technical corrections

    FASB issued numerous technical corrections and clarifications to GAAP on Wednesday that are designed to remove inconsistencies in the board’s accounting guidance. The changes were issued in Accounting Standards Update No. 2016-19, Technical Corrections and Improvements. The amendments apply to all reporting organizations that are within the scope of the affected accounting guidance. Most of

  • PCC seeks accounting relief for smallest private companies

    By Ken Tysiac Concerns about accounting compliance overload at the smallest private companies bubbled to the surface Tuesday as Private Company Council (PCC) members debated whether to initiate a formal review of the Private Company Decision-Making Framework. – Overload has become a big issue as financial statement preparers are working to implement new high-impact FASB

  • Preparing for the new revenue recognition standard , a tool for audit committes

    Preparing for the new revenue recognition standard , a tool for audit committes

    Nota del Editor de AECHILE Se acompaña documento emitido por CAQ ( Center for Audit Quality ) y una introducción del mismo CAQ Dear Friend of the CAQ: The Center for Audit Quality (CAQ) has released a tool to help audit committees assess a company’s implementation of the new revenue recognition standard, which will take

  • SEC Moves to Identify ‘High-Quality’ Non-GAAP Measures

    Non-GAAP Measures BY MICHAEL COHN DEC 12, 2016 6:53PM ET Some non-GAAP financial measures are more kosher than others, and the Securities and Exchange Commission is looking to provide better guidance on which types are sanctified or sanctioned. At last week’s AICPA conference on current SEC and PCAOB developments in Washington, D.C., Mark Kronforst, chief

  • Informe de revisión de la información financiera intermedia

    Nota del Editor de AECHILE Con fecha 12 de diciembre del 2016 el Regulador Superintendencia de Bancos e Instituciones Financieras Chile emitió la siguiente normativa referente a revisión de la información financiera intermedia: – Circular Bancos N° 3.615 – Descargar PDF (100 KB) – Cambios al Capítulo C-2 del Compendio de Normas Contables – Descargar

  • Distinguishing Liabilities from Equity

    Distinguishing Liabilities from Equity

    Nota del Editor de AECHILE Documento en consulta hasta el 6 de febrero del 2017 Descargar Adobe acrobat PDF (543 kb)  

  • Two-part FASB proposal addresses accounting for certain financial instruments

    By Ken Tysiac December 7, 2016 Accounting Compliance and Reporting (US) FASB issued a two-part proposal Wednesday that is designed to address the complexity related to applying GAAP to certain financial instruments associated with liability and equity. In Part I of the proposal, FASB addresses the complexity of accounting for certain financial instruments with down

  • International Accounting Standards Board issues minor changes to IFRS Standards

    08 December 2016 The International Accounting Standards Board (the Board) has today issued several amendments to IFRS Standards and an Interpretation that clarifies the requirements in particular Standards. These changes are part of the Board’s process to maintain IFRS Standards. The changes include: annual improvements to IFRS Standards—these are minor amendments that clarify, correct or remove

  • CEMENTERIO GENERAL DE SANTIAGO

      *Apunte histórico del Sr Carlos Valdivieso   En un día como hoy 9 de diciembre, hace 195 años se inaguró este Cementerio, al pie del cerro Blanco. Estos terrenos y otros adyacentes fueron inicialmente de Inés de Suaréz en una donación de Pedro de Valdivia cuando ella se casó con Rodrigo Quiroga. Según mi

  • Accounting Officials Scrutinize Non-GAAP Measures

    Washington, D.C. (December 5, 2016) By Michael Cohn Officials from the Securities and Exchange Commission and the Center for Audit Quality discussed the effort to rein in the use of non-GAAP financial measures during an American Institute of CPAs conference Monday.   Wesley Bricker “Turning now to non-GAAP reporting, good practices in this area begin

  • Non-GAAP Financial Measures

    Non-GAAP Financial Measures

     Descargar documento PDF ( 800 kb)  

  • Audit Deficiencies Decreasing, but Still High

    Atlanta (December 2, 2016) By Daniel Hood Audit deficiencies at public companies decreased for the first time in five years in 2015, but remain high, according to a new analysis. The analysis, part of the fifth annual Survey of Fair Value Audit Deficiencies by Atlanta CPA firm Acuitas Inc., which examines recent Public Accounting Oversight

  • The Globalization of Accounting and Auditing Standards

    The Globalization of Accounting and Auditing Standards

    December 1, 2016 By Alison Parker and Cheryl Hartfield Countries and jurisdictions throughout the world mandate that entity financial statements be prepared using International Financial Reporting Standards, and that audits be conducted in accordance with International Standards on Auditing. Although the use of IFRS and ISAs isn’t mandated in countries such as the U.S., in

  • CUBA Y ALGUNOS INTENTOS PARA QUE FUERA UN ESTADO MÁS DE EEUU

    *Apunte histórico del Sr Carlos Valdivieso Estimados lectores: Con motivo de la muerte de Fidel Castro  la noticia ha sido destacada, como también las relaciones con EEUU; leyendo algo de historia me enteré que hubo intentos anteriores para que Cuba hubiera sido un estado más de EEUU, incluso pudo ser de otros países cuyos marinos

  • AICPA’s FinREC Responds to FASB’s Proposed Hedging Improvements

    Washington, D.C. (November 30, 2016) By Danielle Lee The American Institute of CPAs’ Financial Reporting Executive Committee (FinREC) submitted comments to the Financial Accounting Standards Board regarding FASB’s targeted improvements to accounting for hedging activities. The letter, in response to FASB’s Proposed Accounting Standards Update, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for

  • FASB proposal would improve hedge accounting, AICPA committee says

    By Ken Tysiac A FASB proposal for targeted improvements to accounting for hedging activities would simplify and improve the current model, according to a comment letter sent Monday by the AICPA Financial Reporting Executive Committee (FinREC). In an effort to improve the hedge accounting model, FASB on Sept. 8 issued Proposed Accounting Standards Update, Derivatives

  • IFRS for SMEs Update

    The IFRS for SMEs Update is a staff update about news relating to the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). The Update is published on a regular basis, with news about adoptions, resources, and implementation guidance. Past editions are accessible below. To receive the IFRS for SMEs Update as

  • video del Sr Stavros Thomadakis sobre Código de Etica de IESBA

    video del Sr Stavros Thomadakis sobre Código de Etica de IESBA

    Nota del editor de AECHILE Se acompaña video del Sr. Stavros Thomadakis sobre Código de Etica de IESBA  

  • PCAOB Sets Strategic Plan

    Washington, D.C. (November 23, 2016) By Michael Cohn The Public Company Accounting Oversight Board approved its fiscal year 2017 budget of approximately $268.5 million, along with a strategic plan through 2020 to guide its programs and operations. James Doty The 2017 budget represents a 4.2 percent increase of the PCAOB’s 2016 budget of $257.7 million.

  • FASB aims for consistency in modification accounting

    By Ken Tysiac November 18, 2016 Financial statement preparers would receive specific guidance on when to apply modification accounting under a proposal FASB issued Thursday. Proposed Accounting Standards Update, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting, would clarify which changes to the terms or conditions of a share-based payment award require application of modification

  • Lord Cochrane

    *Apunte histórico del Sr Carlos Valdivieso   El 28 de noviembre próximo se cumplirán 198 años desde la llegada a Chile un 28 de noviembre de 1818  de Lord Cochrane destacado marino inglés y también político a quien el Gobierno chileno contrató para organizar  y tomar el mando de la incipiente marina chilena; repasemos algo

  • SEC names Bricker chief accountant

    By Ken Tysiac November 22, 2016 Wesley Bricker, a CPA and former PwC partner who has a law degree and is a member of the New York State Bar Association, was named chief accountant by the SEC on Tuesday. Bricker has served as interim chief accountant since July while James Schnurr has been recovering from

  • November IFRIC Update published

    23 November 2016 The November 2016 IFRS Interpretations Committee Update (IFRIC Update) has been published. View this IFRIC Update and previous Updates. Items on the current agenda IAS 12 Income Taxes—Uncertainty over Income Tax Treatments—due process steps (Agenda Paper 4) IFRS 9 Financial Instruments—Modification or exchange of financial liabilities that do not result in derecognition

  • JPMorgan Chase Paying $264 Million to Settle FCPA

    FOR IMMEDIATE RELEASE 2016-241 Washington D.C., Nov. 17, 2016 — The Securities and Exchange Commission today announced that JPMorgan Chase & Co. has agreed to pay more than $130 million to settle SEC charges that it won business from clients and corruptly influenced government officials in the Asia-Pacific region by giving jobs and internships to
  • FASB Proposes Changes in Accounting for Stock Compensation

    By Michael Cohn The Financial Accounting Standards Board has released a proposed accounting standards update related to the scope of modification accounting for stock-based compensation. FASB is issuing the proposed update to provide more clarity and discourage differences in practice when applying the guidance in the standards for stock compensation about a change to the

  • The Accountancy Profession: Fighting Fraud and Corruption

    The Accountancy Profession: Fighting Fraud and Corruption

      Open Letter to His Holiness Pope Francis Following the World Congress of Accountants 2014, His Holiness Pope Francis addressed the accountancy profession on being a positive force in the fight against fraud and corruption. As my IFAC presidency comes to a close, I today wrote to His Holiness about our subsequent efforts to intently

  • Goodwill Impairment on the Rise at U.S. Companies

    New York (November 16, 2016) By Michael Cohn Public companies in the U.S. recorded $57 billion in goodwill impairment last year, more than double the amount of impairment they recorded the previous year, according to a new study. Greg Franceschi The study, by the valuation and corporate finance advisor Duff & Phelps, found this record

  • ORELIE ANTOINE PRIMERO

    *Apunte histórico del Sr Carlos Valdivieso Ayer se cumplieron 156  años de su coronación   como Rey de los mapuches el 17 de noviembre de 1860. Conozcamos algo de este pintoresco personaje; he tenido como fuente a: El historiador don Francisco A Encina, algo de la Biblioteca Nacional, al escritor Huichacurha Marhikewun , material propio y

  • IFAC Reaches Out to Pope Francis on Role of Accountants

    New York (November 17, 2016) By Michael Cohn The International Federation of Accountants has sent a letter to Pope Francis on how the accounting profession can help him with the fight against financial fraud and corruption.   Olivia Kirtley Outgoing IFAC president Olivia Kirtley, a former chair of the American Institute of CPAs, wrote to

  • SEC Approves Plan to Create Consolidated Audit Trail

    FOR IMMEDIATE RELEASE 2016-240 Washington D.C., Nov. 15, 2016 —The Securities and Exchange Commission today voted to approve a national market system (NMS) plan to create a single, comprehensive database known as the consolidated audit trail (CAT) that will enable regulators to more efficiently and thoroughly track all trading activity in the U.S. equity and

  • SBIF y Embajada Británica realizaron seminario “Mind the gap” con expertos en ciberseguridad

    SBIF y Embajada Británica realizaron seminario “Mind the gap” con expertos en ciberseguridad

    CIBERSEGURIDAD EXPOSICIONES  SEMINARIO SBIF Y EMBAJADA BERITANICA sbif-uno-20161110-david-livingstone-mindthegap La actividad, que se enfocó en los desafíos que representa la seguridad tecnológica e informática en la industria financiera, contó con la exposición de expertos de Chile y el Reino Unido. Un seminario en el que se abordaron los desafíos que presenta la industria financiera en temas

  • Election Creates ‘Very Real Possibility’ of Tax Reform

    Trump and GOP tax plans suddenly look achievable November 9, 2016 By Michael Cohn , Roger Russell , Sean McCabe , Daniel Hood With Donald Trump having aligned his tax plans with those of Congressional Republicans over the course of the campaign, his election puts the GOP in a position to enact significant changes in

  • EL VIADUCTO DEL MALLECO

      *Apunte histórico del Sr Carlos Valdivieso Hace unos días, una familiar mía, conocedora de mi afán por la historia, me regaló el libro:” Un veterano de tres guerras, recuerdos  de José Miguel Varela”, escrito  por el  Sr Guillermo Parvex, quien relata las experiencias del abogado y oficial de ejército Sr Varela en: La guerra

  • Trump’s Tax Challenge: Finding A Way to Pay for Cuts

    November 9, 2016 By Roger Russell Donald Trump has already done the impossible by winning the presidency, but once he takes office he may have to do so again – by finding a way to pay for the across-the-board tax cuts he promised during his campaign. “Trump’s plan is vague on the ‘pay-fors’”, said Mark

  • Developments in the IASB research project Primary Financial Statements

    07 November 2016 The Primary Financial Statements project is an early-stage research project examining possible changes to the structure and content of the primary financial statements. It is an important part of the International Accounting StandardsBoard’s (the Board’s) better communication theme. To learn more about the Board’s plan for better communication in financial reporting click here. Upcoming

  • FASB proposes new guidance for service concession arrangements

    By Ken Tysiac November 4, 2016 FASB proposed new guidance Friday that is designed to eliminate diversity in practice in how operating entities determine who is the customer in service concession arrangements. In a service concession arrangement, an operating entity operates infrastructure (such as airports, roads, bridges, tunnels, prisons, and hospitals) for a public-sector grantor

  • New Website Offers Resources for Students, Educators on Careers in Audit

    Washington, DC – The Center for Audit Quality (CAQ) launched a new website, DiscoverAudit.org, to provide a wealth of information about careers in public company auditing, opportunities the profession offers, and how to join the next generation of auditors. The website features resources designed for students, parents, school counselors, and educators. “Students need to know about the exciting

  • IASB Plan de trabajo 2017-2021

    IASB Plan de trabajo 2017-2021

    Nota del Editor de AECHILE El documento publicado al inicio de este mes de noviembre del 2016 que se acompaña permite visualizar la hoja de ruta respecto a las NIIF ( IFRS ) y materias afines. Van  algunos comentarios ¿Cómo  se desarrollan las normas IFRS ? ( NIIF en español ) Normas Internacionales de Información

  • Gestión de Continuidad del Negocio-SBIF

    Nota del Editor de AECHILE El 2 de noviembre del 2016 el Regulador SBIF (Superintendencia de Bancos e Instituciones Financieras, Chile ) publicó el Capítulo 20-9 de la Recopilación Actualizada de Normas ( RAN ) el que contiene los lineamientos generales y buenas prácticas que deben ser consideradas en la gestión de riesgos de la

  • BATALLA DE LAGUNILLAS

    *Apunte histórico del Sr Carlos Valdivieso He tenido como fuente la Academia de Historia Militar y al Historiador don Francisco A Encina Don García Hurtado de Mendoza decidió avanzar al sur para lo cual debió cruzar el río Bio Bío lo que le tomó algunos días; ya al otro lado en territorio mapuche fue la

  • 2016 Audit Committe Transparency Barometer- CAQ

    2016 Audit Committe Transparency Barometer- CAQ

    Nota del Editor de AECHILE El Centro de Calidad de Auditoría (CAQ) es una organización de política pública autónoma dedicada a mejorar la confianza de los inversores y la confianza pública en los mercados mundiales de capital que emite recomendaciones para el desarrollo y ejecución de la profesión de Auditoría Externa. Este Centro lo integran

  • ESTATUA DE LA LIBERTAD EN NUEVA YORK

    *Apunte histórico del Sr Carlos Valdivieso Esta vez he tenido como fuente principalmente material de la web, incluyendo algo de la vida de su diseñador el Sr Bartholi. En un día como hoy, hace 130 años fue inaugurada un 28 de octubre de 1886; fue un regalo de Francia con motivo del centenario de la

  • IASB  E INICIATIVAS DE DIVULGACIÓN

    IASB E INICIATIVAS DE DIVULGACIÓN

    Nota del Editor de AECHILE La Junta del IASB está trabajando en algunas iniciativas para explorar cómo mejorar las revelaciones de la información financiera de IFRS,las que se relacionan con cambios en : ·         Materialidad ·         Divulgaciones ·         IAS 1 ·         IAS 7 Para facilitar su análisis por nuestros lectores de habla hispana hemos traducido

  • Thomas Alva Edison

    *Apunte histórico del Sr Carlos Valdivieso El 18 de octubre recién pasado se cumplieron 85 años del fallecimiento del Sr Edison, inventor de numerosos proyectos, entre otros  la bombilla eléctrica. Comparto con ustedes estimados lectores que hace tiempo leí un libro de inventores famosos y me impresionó la vida de Edison quien originó más de

  • Asociación de Auditores Externos – AECHILE – realizó Asamblea Anual 2016

    Asociación de Auditores Externos – AECHILE – realizó Asamblea Anual 2016

    El 29 de septiembre pasado se realizó la Asamblea Anual de la Asociación de Auditores Externos de Chile AG (AEChile), entidad en que participan las Firmas Auditoras más relevantes y de mayor tradición que operan en nuestro país. En la ocasión, se aprobó por unanimidad la cuenta anual y se reeligió el Directorio por un

  • Rol de la SVS en los mercados de valores y seguros

    Rol de la SVS en los mercados de valores y seguros

    Carlos Pavez Tolosa Superintendente de Valores y Seguros Facultad de Ciencias Económicas y Administrativas de la Pontificia Universidad Católica de Valparaíso 17 de octubre de 2016   DESCARGAR PDF (1.9 MB)

  • Cyber Seguridad -dos documentos para lectura y análisis

    Cyber Seguridad -dos documentos para lectura y análisis

    Nota del Editor de AECHILE En EEUU el mes de octubre es el mes nacional de la conciencia de seguridad cibernética. En este contexto, acompañamos dos documentos: 1. ” Principles for better Cybersecurity Outcomes ” de Cindy Fornelli de CAQ ( Ir a Link del documento) 2.” Social Contract 3.0 Implementing a Market -Based Model

  • Information Security

    Information Security

    Nota del Editor de AECHILE The Federal Financial Institution Examination Council has updated its Information Security Booklet. Changes include revisions to IT risk management and information security processes and updated examination procedures to “help examiners evaluate an institution’s culture, governance, information security program, security operations” and assurance processes, this article states. Se acompaña el  cuestionario.

  • Andrés Bello

    *Apunte histórico del Sr Carlos Valdivieso   En un día como mañana, hace 151 años el 15 de octubre de 1865 murió don Andrés Bello; repasemos algo de su historia. Era venezolano, habiendo nacido en aquél país el año 1781, habiendo llegado a Chile en 1829. He tenido como fuente algunos escritos de la Biblioteca

  • SBIF Informe de revisión de la información financiera intermedia-Normativa en trámite

    Comentario del Editor de AECHILE Se acompaña documento emitido por SBIF. Los comentarios deben enviarse a SBIF hasta el 28-10-2016.   Descargar PDF (149 kb)

  • El Combate Naval de Angamos

    *Apunte histórico del Sr Carlos Valdivieso   El combate naval de Angamos fue parte de la Guerra del Pacífico ocurrió  un día como mañana el día 8 de octubre del año 1879 y en él, las fuerzas navales de Chile lograron capturar al monitor peruano Huáscar . En el combate murió el Almirante peruano Miguel  Grau .

  • COSO Y EL FRAUDE

    COSO Y EL FRAUDE

    Nota del Editor de AECHILE Se incluye documento de COSO de septiembre 2016 titulado: ” Fraud Risk Management Guide  Executive Summary” Cabe recordar que COSO actualizó el año 2013 su Framework sistematizando su contenido en 5 elementos y 17 principios El documento ahora publicado apunta a : Establecer políticas de gobierno en relación al fraude.

  • CAQ Select Auditing Considerations for the 2016 Audit Cycle

    CAQ Select Auditing Considerations for the 2016 Audit Cycle

    Nota del Editor de AECHILE El documento emitido por CAQ ( Center for Audit Quality ) contiene las diversas consideraciones a tener en cuenta para el ciclo de auditoría del 2016 incluyendo las fuentes documentarias respectivas. El Centro para la Auditoría de Calidad (CAQ) es una organización autónoma e independiente,  sin fines de lucro con

  • Primer Alcalde en Santiago Sr Francisco de Aguirre

    *Apunte histórico del Profesor Carlos Valdivieso Es período de elecciones de alcaldes y concejales; la Municipalidad de Santiago es uno de los municipios que estará en este proceso. He querido compartir con ustedes estimados lectores quien fue el primer alcalde de Santiago; como fuente he utilizado algún material de la Biblioteca Nacional, algo de la

  • PCAOB Programa de establecimiento de normas

    PCAOB Programa de establecimiento de normas

    Nota del Editor de AECHILE Se acompaña documento de PCAOB con los seis temas que están trabajando.     Descargar Adobe PDF (72 kb)

  • Cyber Seguridad Programa de análisis de Riesgos- AICPA

    Cyber Seguridad Programa de análisis de Riesgos- AICPA

    Nota del Editor de AECHILE Se acompaña documento preparado por AICPA y publicado el 15 de septiembre del 2016 el que está para comentarios hasta  el 5 de diciembre del 2016 Presenta un conjunto de temas estructurados para formular el programa ; el texto dice usaron enfoque COSO Al usar el documento, debe tenerse presente

  • VIDEO CAQ Noon  GAAP

    VIDEO CAQ Noon GAAP

    Nota del Editor de AECHILE Este tema sigue estando de actualidad; esta página ha ido subiendo material que Uds pueden consultar En esta ocasión va video con entrevista de CAQ  de Sra Cindy Fornelli a  Sra  Michelle Edkins, Director General y Director Global de Inversiones de Administración de BlackRock Recordemos que : GAAP es principios de

  • FRAUDE- AUTO EVALUACIÓN- ACFE

    FRAUDE- AUTO EVALUACIÓN- ACFE

    Nota del Editor de AECHILE ACFE es la sigla de Associaton of Certified Fraud Examiners,Este organismo emitió una cartilla de autocontrol para ser aplicada en las empresas;el documento asigna puntajes para que cada cual los vaya asignando en cada pregunta, según la naturaleza de la situación existente en el rubro.Es importante leer con detención las

  • Materialidad

    Materialidad

    Nota del Editor de AECHILE Este tema es importante para Auditoría Externa; sin embargo no hay un concepto único; veamos: El Colegio de Contadores de Chile no tiene una definición explícita IASB-IFRS tiene un documento que estuvo para consultas, no habiendo aún un texto final El Corporate Reporting Dialogué publicó lo que tienen diversos organismos

  • Alineando la organización para su futuro Digital

    Alineando la organización para su futuro Digital

    Nota del Editor de AECHILE Se acompaña documento de Deloitte University Press con el resultado de una investigación hecha el 2015 con consultas a 3.700 ejecutivos en 131 países y 27 tipos de industrias de varios tamaños. Descargar PDF (4 mb)

  • IASSB Explorando el crecimiento del uso de la tecnología en la auditoría  con foco en Data Analytics

    IASSB Explorando el crecimiento del uso de la tecnología en la auditoría con foco en Data Analytics

    Nota del Editor de AECHILE El documento que se acompaña está  para consultas hasta el 15 de febrero del 2017   se centra en el uso de Data Analytics que es  ( fuente wikipedia, resumida ) el proceso de inspeccionar, limpiar, transformar y modelar datos con el objetivo de descubrir información útil , lo que sugiere conclusiones, y el

  • Basilea III Informe de implementación

    Nota del Editor de AECHILE Con fecha 29 de agosto del 2016 el Comité de Basilea publicó el documento que se acompaña Aplicación de las normas de Basilea – Un informe a los líderes del G-20 sobre la aplicación de las reformas de la regulación de Basilea III de agosto de el año 2016 La

  • Algo sobre la Araucanía hace 453 años

    *Apunte histórico del Profesor Carlos Valdivieso Estimados lectores: Recientemente tomé unos días de vacaciones en un lugar de la Araucanía.Aproveché de leer varios libros de historia, uno de ellos titulado :”Y así nació la Frontera…” del autor don Ricardo Ferrando Keun QEPD.Tuve la  oportunidad de conocer a don Ricardo, destacado profesor, quien además fue Senador.

  • Comités de Auditoría y Supervisión de Riesgos con terceras partes

    Comités de Auditoría y Supervisión de Riesgos con terceras partes

    Se acompaña documento de PwC de fecha febrero 2016. Descargar adobe acrobat pdf ( 134 kb)

  • iIFRS -Nuevas traducciones al francés y español disponibles en línea

    24 September 2015 The IFRS Foundation is pleased to announce the publication of the following translations: French translation of the Exposure Draft Clarifications to IFRS 15, published by the IASB in English in July 2015. Comments to be received by 28 October 2015. This document can be accessed via the ‘Comment on a proposal’ webpage.

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