This monthly digest highlights the latest news and initiatives impacting the global accountancy profession from IFAC's 164 members and associates, government and regulatory bodies, and international organizations. IFAC receives its news from internal research, media reports, and submissions from our stakeholders. To subscribe to our other electronic publications, or to view and edit your subscription settings, please visit web.ifac.org/news/subscribe. IFAC member bodies are encouraged to send news items for consideration in upcoming issues to communications@ifac.org.

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Contents

August 2011

News from Member Bodies, Affiliates, and Regional Accountancy Organizations

1. SME Workshop to Be Held by ASCA

2. NZICA Releases Accountancy Profession Survey Results

3. CIMA Releases New Study on Joint Ventures with Chinese Companies

4. CPA Australia Research Grant Program Accepting Applications

5. ACCA Warns Lending to SMEs to Be Hit by Basel III

6. Joint Ventures Launched among Professional Accountancy Organizations

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News from Government, Regulatory, and Other Organizations

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1. New Corporate Governance, CSR Agreement between India and the Netherlands

2. UK Releases First Whole of Government Accounts Report

3. MASB Exposes IFRS-Compliant Standards; Aims for IFRS Convergence in 2012

4. Public Consultation Sought by IASB for Future Work

5. Nigeria Launches Financial Reporting Council

6. US CPA Exam Administered Outside of the US for the First Time

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Recent Developments Related to the Financial Crisis and Economic Recovery

1. New Global Initiative for Fiscal Transparency Undertaken

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New IFAC Website Coming Soon

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We are currently in the process of redesigning the IFAC website to better suit your needs. The new site will feature a clean and modern design, a more intuitive architecture and navigation, expanded content, and topical and timely issues and insights. Content will be organized around issues and outputs, and include cross-referencing and tagging, so it will be easier to find the information you're looking for, as well as related resources.

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We're looking forward to launching the site later in 2011, and to hearing your feedback.