China Stamp Duty Law Updated

In June 2021, China’s Standing Committee of the People’s Congress promulgated Presidential Decree #89 (Decree 89), an upgraded version of the Stamp Duty Law of the People’s Republic of China. This is the first stamp duty law update since 1988, and it will become effective as of July 1, 2022. While the basics of stamp […]

The growth of the B-Corporation – a pillar for sustainable development

Can profit be reconciled with ethics? Do companies have a heart? These might seem to be rhetorical questions but the ‘B-Corp’ phenomenon is opening up new perspectives on how to do business while respecting the rights of shareholders and stakeholders. Certified B-Corporations are companies committed to specific standards of performance, transparency and accountability and to […]

Applying the 3-stage Impairment Model

IFRS 9 Financial Instruments introduced the application of the “expected credit loss” (ECL) model. The ECL model is applicable to all financial assets subsequently measured at amortised cost and debt instruments at fair value through other comprehensive income. This includes intercompany loans included in the separate financial statements. As intercompany loans with subsidiaries are eliminated […]

Supporting Your Business Growth Aspirations Through Insolvent Acquisitions

Buying a business out of an insolvency process can be a great way to create opportunities for other organisations to expand while saving jobs at the same time. However, there are many pitfalls that need to be carefully considered and a different type of expertise is required compared to normal M&A transactions. Here are just […]

Blockchain Technology – Opportunities and Challenges for Auditors

Blockchain technology is a decentralised electronic ledger, which was first introduced as the technology associated with cryptocurrencies, such as Bitcoin. The wide appeal of blockchain technology can be attributed to its use of peer-to-peer network technology combined with cryptography, which enables two parties to conduct transactions securely between one another without requiring the services of […]

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