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Correction of Forecasts 2011-2018

Ernst & Young

PROGNOSEÄNDERUNGEN IM PRIME ALL SHARE 2011 BIS 2018: UPDATE FEBRUAR 2019

More and more listed companies in Germany have to correct their sales or profit forecasts: In 2018, companies listed in the Prime Standard issued a total of 144 profit or revenue warnings - an increase of 55 percent compared to 2017, when companies announced in 93 cases that they would not be able to achieve their targets. In 2016, only 63 of such warnings have been recorded. >more


Performance of German Prime All Share H1 2018

Ernst & Young

PROGNOSEÄNDERUNGEN IM PRIME ALL SHARE 2011 BIS 2018

Despite the positive economic development, significantly more stock-listed companies in Germany have been forced to revise their forecasts in the first half of this year compared to the same period last year. The number of sales or profit warnings rose from 29 to 42, the highest level since the analysis was first carried out in the first half of 2011. One in eight companies issued a warning. >more


Global IFRS Insurance Survey 2018

Deloitte

GLOBAL IFRS INSURANCE SURVEY 2018

The 2018 Global IFRS Insurance Survey aims to provide a comprehensive and independent overview of how global insurers are reacting to and preparing for IFRS 17 adoption. Undertaken by the Economist Intelligence Unit (EIU) on behalf of Deloitte, the survey explores the views of 340 senior insurance executives from across North America, Europe and Asia on the scale and complexity of IFRS 17 implementation challenges surrounding its budgeting, the technology needed to comply, and the availability of resources to deliver the change. >more


Digitization of Audit

PwC

DIGITALISIERUNG IM FINANZ- UND RECHNUNGSWESEN UND WAS SIE FÜR DIE ABSCHLUSSPRÜFUNG BEDEUTET

Digitization is changing companies and other organizations more fundamentally than everything else before - including finance, accounting and auditing.
 PwC conducted the first survey on the digitization of audit in 2016 - at that time with 98 companies. The great popularity and relevance of digitization for respondents has motivated PwC to conduct a second survey among German companies and update the results. >more


Global Taxes 2018

Ernst & Young

THE OUTLOOK FOR GLOBAL TAX POLICY IN 2018

Global and US tax reform, and the adoption of numerous international tax policy changes in 2018, are providing a catalyst for countries to pursue tax competitiveness in new and innovative ways. This is according to the EY The outlook for global tax policy in 2018, which combines insights and forecasts from EY tax policy professionals in 41 jurisdictions worldwide. >more


Forecast Corrections

Ernst & Young

PROGNOSEÄNDERUNGEN IM PRIME ALL SHARE 2011 BIS 2017

Despite the economic boom, more and more listed companies make use of downward corrections for their forecasts: last year recorded 95 profit or turnover warnings - 44 percent more than in the previous year and the highest percentage since 2011, when the analysis was first carried out. >more


Taxes 2018

PwC / The World Bank

PAYING TAXES 2018: IN-DEPTH ANALYSIS ON TAX SYSTEMS IN 190 ECONOMIES

Now in its 12th edition, Paying Taxes is a unique report from PwC and the World Bank Group which uses a medium-sized domestic case study company to measure and assess the ease of paying taxes across 190 economies. This year the report explores how the digital revolution is transforming almost every aspect of paying taxes. It considers the methods companies use to pay their taxes, how tax administrations communicate with taxpayers, how they collect and use data and the ways in which they monitor tax compliance. >more


Innovative Corporate Reporting

Ernst & Young

CAN INNOVATIVE CORPORATE REPORTING BUILD TRUST IN A VOLATILE WORLD?

The trust and confidence enjoyed by businesses is being disrupted. In our hyper-connected world, the reputational impact of scandals such as data breaches and unethical conduct can be catastrophic. Trust can be destroyed forever if organizations do not keep up with the public’s shifting expectations of acceptable corporate behavior, or they fail to safeguard personal data. EY surveyed more than 1,000 CFOs or financial controllers of large organizations to understand the challenges they face in corporate reporting. >more


Performance of German Prime All Share H1 2017

Ernst & Young

PROGNOSEÄNDERUNGEN IM PRIME ALL SHARE: H1 2017

The good performance of German Prime All corporations frequently exceeds their own expectations. In the first half of the year, a total of 107 companies announced that the previously published forecasts are expected to be exceeded this year. This is the highest level since 2011. >more


2017 State of Internal Audit Study

PwC

2017 STATE OF INTERNAL AUDIT PROFESSION STUDY

PwC`s 2017 State of Internal Audit Study looks at how Internal Audit can build the resiliency to evolve and increase its organizational value amidst the influences disrupting organizations today. >more


Projected Values

Ernst & Young

PROGNOSEÄNDERUNGEN IM PRIME ALL SHARE: 2011-2016

Despite all the political and economic turmoil, more companies have upward-adjusted their profit and sales forecasts in the last year. EY records a total of 87 cases where companies exceeded the previously projected values as compared to only 67 profit or revenue warnings. >more


Worldbank and Transfer

The World Bank

TRANSFER PRICING AND DEVELOPING ECONOMIES: A HANDBOOK FOR POLICY MAKERS AND PRACTITIONERS

This handbook provides guidance on analytical steps that can be taken to understand a country’s potential exposure to inappropriate transfer pricing (transfer mispricing) and outlines the main areas that require attention in the design and implementation of transfer pricing regimes. >more


Goodwill Impairment Study 2017

Duff & Phelps

2016 EUROPEAN GOODWILL IMPAIRMENT STUDY

In 2013, Duff & Phelps launched its inaugural study of goodwill impairments recognized by European companies. Now in its fourth edition, the 2016 European Goodwill Impairment Study continues to examine general goodwill impairment trends across countries and industries within the European market. As with past editions, the analysis in the 2016 Study is focused on companies in the STOXX® Europe 600 Index, which is comprised of large, mid and small capitalization companies across 18 countries of the European region. >more


Taxes 2017

PwC / The World Bank

PAYING TAXES 2017: IN-DEPTH ANALYSIS ON TAX SYSTEMS IN 190 ECONOMIES

Paying Taxes 2017, now in its 11th edition, continues to be a unique report from PwC and the World Bank Group. It is the only piece of research which, by using a medium-sized domestic case study company, measures and assesses the ease of paying taxes across 190 economies. >more


Transfer Pricing

Ernst & Young

2016 TRANSFER PRICING: A NEW ERA OF TRANSPARENCY AND RISK

This survey of 623 transfer pricing executives in 36 jurisdictions across 17 industries finds that respondents are encountering significantly more transfer pricing disputes in more jurisdictions than in the past. And, perhaps more significantly for the months and years to come, respondents are anticipating an expanding swath of conflict spanning a wider range of geographies across a broader range of issues. >more


Corporate Reporting

Ernst & Young

HOW CAN REPORTING CATCH UP WITH AN ACCELERATING WORLD?

Our research surveyed 1,000 CFOs or financial controllers (FCs) of large organizations to understand the challenges they face in corporate reporting. Forty-nine percent of the organizations were in excess of US$5 billion a year in revenues, with 12% in excess of US$20 billion. The research was conducted by Longitude Research on behalf of the EY Global Financial Accounting Advisory Services (FAAS) group. >more


Worldwide Corporate Taxes

PwC

WORLDWIDE TAX SUMMARIES – CORPORATE TAXES 2016/17

Worldwide Tax Summaries – Corporate Taxes 2016/17 is a useful reference tool, to help you manage taxes around the world. It offers quick access to information about corporate tax systems in 155 countries worldwide, in an easily digestible format. >more


Global Pension Buyout

Mercer

MERCER GLOBAL PENSION BUYOUT INDEX

The Mercer Global Pension Buyout Index allows you to monitor the general trend in the pricing of pension bulk annuity transactions in the US, UK, Ireland, Canada, Germany and the Netherlands. Mercer uses up-to-date pricing information from each country to estimate the cost of insuring a sample plan’s current retirees as a percentage of the equivalent estimated accounting liability. >more


Earnings Forecasts

Ernst & Young

PROGNOSEÄNDERUNGEN IM PRIME ALL SHARE

The sharp fluctuations in global sales and capital markets lead to an increasing number of downward adjustments of revenue and profit forecasts among German companies. In the first half of this year, there has been a total of 26 profit and turnover warnings, while the first half of last year recorded 25. In the first half of 2011, when the first issue of this report was published, companies announced merely 12. >more


Tax developments for boards

Ernst & Young

THREE IMPORTANT TAX DEVELOPMENTS FOR BOARDS

The European Commission (EC) is questioning individual EU governments on tax arrangements, and Organisation for Economic Co-operation and Development (OECD) member countries and others have instituted, or will be instituting soon, unprecedented information sharing of tax data across countries. To help boards stay informed of emerging tax developments, the EY Center for Board Matters provides an overview of three tax topics in the spotlight. >more


Audit Committees

Ernst & Young

EU AUDIT LEGISLATION: IMPLICATIONS FOR AUDIT COMMITTEES

The European Union (EU) audit legislation, enacted in 2014, and effective starting in June 2016, will usher in far-reaching changes for companies that are public interest entities (PIEs) in the EU. Several key provisions of the 2014 legislation will greatly affect the audit committees of these companies, as we explain below. Yet many audit committees may not be aware of the challenges that lie ahead. >more


Indirect Taxation 2016

Ernst & Young

INDIRECT TAX DEVELOPMENTS IN 2016

Our latest publication identifies global developments in indirect taxes, including value-added tax (VAT), goods and services tax (GST), consumption taxes, excise duties, customs duties, insurance premium tax (IPT) and environmental taxes. >more


BEPS Changes

Deloitte

THE NEW TRANSFER PRICING LANDSCAPE: A PRACTICAL GUIDE TO THE BEPS CHANGES

The Organization for Economic Cooperation and Development (OECD) on 5 October 2015, released the final reports under the Base Erosion & Profit Shifting (BEPS) project. The new guidance has been hailed as a game changer expected to alter the transfer pricing outcomes in many situations and require multinational enterprises to undertake additional analysis and documentation. But how will the new guidance impact your company? >more


Earnings Forecasts 2011-2015

Ernst & Young

PROGNOSEÄNDERUNGEN IM PRIME ALL SHARE: 2011-2015

The sharp fluctuations in global markets mean that more and more German companies have to revise their sales or earnings forecasts - either downwards or upwards. After the number of profit or turnover warnings had risen to 80, and thus to its highest level since 2011 in 2014, Prime All companies announced 80 sales or profit warnings in 2015 again. >more


Goodwill Impairment

Duff & Phelps

2015 EUROPEAN GOODWILL IMPAIRMENT STUDY

In 2013, Duff & Phelps launched its inaugural study of goodwill impairments recognized by European companies. Now in its third edition, the 2015 European Goodwill Impairment Study (2015 Study) continues to examine general goodwill impairment trends across countries and industries within the European market. >more


Taxes 2016

PricewaterhouseCoopers

PAYING TAXES 2016

Paying Taxes 2016 is a unique study from PwC and the World Bank Group. The study investigates and compares tax regimes across 189 economies worldwide using a case study company, and ranks them according to the ease of paying taxes. >more


Asset Impairments

Ernst & Young

BENCHMARKING EUROPEAN POWER AND UTILITY ASSET IMPAIRMENTS

European utilities experienced yet another year of significant asset impairments (€22.9b) in 2014 as depressed energy prices and regulatory changes took their toll on the region, according to EY’s Benchmarking European power and utility asset impairments: Testing times ahead study. >more


Forecasts

Ernst & Young

PROGNOSEÄNDERUNGEN IM PRIME ALL SHARE: H1 2015

More and more companies fail to forecast their performance accurately: After the number of profit warnings had risen to its highest level since 2011 already in 2014, the first half of 2015 recorded 59 so called "profit and turnover expectations" for the 304 Prime All Share corporations - another new peak. >more


Global Tax 2015

Ernst & Young

GLOBAL TAX POLICY OUTLOOK FOR 2015

While the underlying trend of countries moving toward a broad-based, low-rate corporate tax environment continues to play out (and even accelerate slightly), a large proportion of countries report that their overall corporate income tax burden will increase in 2015 (31% of countries surveyed for 2015, compared to 26% in 2014). >more


Indirect Tax 2015

Ernst & Young

INDIRECT TAX DEVELOPMENTS IN 2015

The indirect tax world is in constant motion. What was true yesterday or even today may prove to be wrong tomorrow. Four trends that shape the global indirect tax landscape: (1) Indirect taxes continue to grow while direct taxes stagnate, (2) Indirect taxes are adapting to new economic realities, (3) The global trade landscape is changing fast, (4) Tax authorities are focusing on enforcement of indirect taxes. >more


Pensions Issues

Allen & Overy

PENSIONS ISSUES FOR MULTINATIONALS: WHAT TO EXPECT IN 2015

The pensions landscape changes quickly, and it can be difficult for corporate multinationals to keep track of developments in all the countries where they operate, as well as keeping up with initiatives on the wider European and global scene. >more


Global Taxes 2015

PricewaterhouseCoopers

PAYING TAXES 2015: THE GLOBAL PICTURE

Paying Taxes 2015 is a unique study from PwC and the World Bank Group. The study investigates and compares tax regimes across 189 economies worldwide using a case study company, and ranks them according to the ease of paying taxes. >more


DAX30 2014

PricewaterhouseCoopers

INTEGRATED REPORTING IN GERMANY: THE DAX30 BENCHMARK SURVEY 2014

The purpose of this survey is to provide insights into how huge listed companies in Germany are moving forward towards integrated reporting and how they can improve their reporting towards a convincing story about the company’s ability to maintain and create value in the short, medium and long term. >more


Goodwill Impairment 2014

Duff & Phelps / Mergermarket

2014 EUROPEAN GOODWILL IMPAIRMENT STUDY

Mergermarket is pleased to present the second edition of the European Goodwill Impairment Study in association with Duff & Phelps. The study examines general goodwill impairment trends across countries and industries within the European market, and includes a survey of 240 European financial executives across a variety of industries. Highlights from the report include: European companies in the STOXX® Europe 600 Index recognised a total of €49.6 billion of goodwill impairments in calendar year 2013, representing a decrease of approximately 25% from the €66.4 billion recorded in 2012. >more


Worldwide Tax Summaries 2014/15

PricewaterhouseCoopers

WORLDWIDE TAX SUMMARIES 2014/15

Worldwide Tax Summaries – Corporate Taxes 2014/15 is a useful reference tool, to help you manage taxes around the world. It offers quick access to information about corporate tax systems in over 150 countries worldwide, in an easily digestible format. >more


Goodwill Impairment Study

Duff & Phelps

2013 EUROPEAN GOODWILL IMPAIRMENT STUDY

The 2013 European Goodwill Impairment Study, prepared in partnership with Mergermarket, examines goodwill impairment trends across countries and industries within the European market. This inaugural report also includes a survey of 150 European financial executives across a variety of industries, focusing on the challenges faced when performing goodwill impairment tests in accordance with IAS 36, and an interview with Professor Erik Peek, Duff & Phelps Chair in Business Analysis and Valuation. >more


DAX30

PricewaterhouseCoopers

INTEGRATED REPORTING IN GERMANY: THE DAX30 BENCHMARK SURVEY 2013

In this survey, PwC examined the degree of effectiveness of corporate reporting at DAX 30 companies based upon PwC’s integrated reporting model and the IIRC’s Consultation Draft of the International <IR> Framework. The purpose of this survey is to provide insights into how companies can improve their reporting towards a convincing story about the company’s ability to maintain and create value in the future. >more


Global Taxes 2014

PricewaterhouseCoopers

PAYING TAXES 2014

This is the ninth year that the Paying Taxes sub-indicator has been part of the World Bank Doing Business project. This year the number of economies covered has increased to 189 and while this number is impressive the value that the study brings lies in the ability to compare and contrast economies within relevant peer groups. >more


Accounting NEWS

KPMG

ACCOUNTING NEWS - APRIL 2013

Within this issue of the accounting news, KPMG highlights, amongst others, innovations in taxation of fiscal unities and a newly published IASB draft on an expected loss model for financial instruments. >more