In this section you can find Global Risk Guard^® or sector related news.

January 02, 2008

The Top 10 Risks for Business
(Source: www.ey.com)

The greatest strategic challenge facing leading global businesses in 2008 will continue to be regulatory and compliance risks, according to "Strategic Business Risk: 2008  The Top 10 Risks for Global Business" (pdf, 764kb). This is closely followed by global financial shocks, workforce and consumer aging, and the rise of emerging markets.

The new Ernst & Young report identifies the top 10 strategic risks for global business by analyzing the top risks identified for some of the world's most important industry sectors. It also highlights the five fastest-rising threats that could also have a significant impact over the next three to five years.

The top ten risks identified in "Strategic Business Risk" are:

• Regulatory and compliance risk
• Global financial shocks
• Aging consumers and workforce
• The inability to capitalize on emerging markets
• Industry consolidation/transition
• Energy shocks
• Execution of strategic transactions
• Cost inflation
• Radical greening
• Consumer demand shifts

The report was produced by Ernst & Young in collaboration with Oxford Analytica, and sought the views of more than 70 analysts from around the world and more than 20 disciplines. Further reports on each industry sector will be released later this year.


July 30, 2007

Financial Pandora (FIN-PA)

According to IAS 39, for a floating rate instrument that is carried at amortised cost, the current effective interest rate should be used to discount the estimated cash flows. At each balance sheet date it is necessary to assess whether there is objective evidence that any financial asset not measured at fair value through profit or loss is impaired or uncollectible. If there is any objective evidence that such an asset is impaired, the amount of any impairment loss must be calculated.

Global Risk Guard^® has now completed Financial Pandora (FIN-PA). FINPA is an excel spreadsheet developed using VBA which will permit to calculate amortised cost and to perform impairment calculation for single or double fix/floating rate loans and bonds.

Many corporations that are reporting under IAS/IFRS have already chosen to use FINPA to calculate amortised cost. FINPA represents a flexible stand-alone software solution to evaluate at amortised cost any kind of financial instrument according to IAS 39 methodology.
The valuations performed by FINPA are also accepted by the major auditing firms.

Ask for details
 

All the news here