• Mergers and Acquisitions/Exit Planning - QuickPress

    Accounting Differences Crimp Cross-Border Mergers —CFO.com

    Study:  More Deals Occur in Countries That Follow Similar Financial-Reporting Standards   At CFO.com Kathleen Hoffelder reports that dissimilar national accounting standards and the lack of adherence to international financial reporting rules seem to be a major deterrent to companies eyeing targets beyond their borders, according to a recent academic study. Moreover, cross-border acquisitions by companies of target firms in countries with similar accounting strictures tend to relieve CFOs and other senior executives of financial and administrative burdens, says Shawn Huang, assistant professor at the University of Arkansas and one of the survey’s authors, along with Jere Francis, a professor at…

  • QuickPress - Tax

    IASB Plans Network for IFRS. U.S. Seen Cautious. World is Cranky. Deadline: 2013.

    The International Accounting Standards Board plans to establish a formal network to give standard-setting bodies a voice when their countries switch to International Financial Reporting Standards. There is conflict, however, over how the network will operate and whether it would dilute IFRS as a single set of reporting standards. Advocates of such a network say the U.S. will not commit to IFRS without it.  In an article called “Long Push for Accounting Standards” sub-titled “The United States is Seen to Be Dragging its Feet in Choosing to Come on Board,”  Star Publications (Malaysia)/Reuters reports: SHAREHOLDERS and regulators have long wanted the…