| December 12, 2012 |  |
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| Top Stories
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- Corruption ranking shows which nations have best, worst reputations
Transparency International's annual Corruption Perceptions Index shows that several countries in the Mediterranean region -- Greece and Italy for financial reasons and Egypt for political ones -- are seen as more corrupt this year than in 2011. The index uses various data to measure the perceived amount of transparency in a country's public sector. Denmark, Finland and New Zealand ranked the most transparent. See how other countries fared. CGMA Magazine
(12/6)     
| Africa
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| Americas
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- Roadblocks that keep women from progressing professionally
Female accountants face several roadblocks as they try to progress into a firm's upper echelons. These hurdles might include not being part of informal networking at the firm and child care or home responsibilities that keep women from traveling or working long hours, as well as a lack of appropriate role models. CAmagazine (Canada)
(12/2012)
| Asia
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| Australia
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- Objections mount to changes in IFRS 9
Australian businesses are objecting to last-minute changes to general hedge accounting requirements of International Financial Reporting Standards 9. These changes, which were buried in a review document by the International Accounting Standards Board, would mean risk premiums charged on hedging instruments would have to be booked in income statements, according to the Group of 100, an association of senior finance executives. Australian Financial Review
(12/10)
| Europe
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- Too soon to wave white flag on IFRS in U.S., Quigley says
As another year appears to pass without U.S. commitment to International Financial Reporting Standards, an IFRS Foundation trustee and a U.K. accounting body say the International Accounting Standards Board needs to wrap up convergence projects with the U.S. However, the trustee, James Quigley, says the end of convergence should not mean the end of cooperation with the Financial Accounting Standards Board. JournalofAccountancy.com
(12/11)
- How to address talent-management issues in Russia
Russia is an important market for multinationals, but many companies find talent management difficult, panelists said at a CGMA discussion in Moscow. Russian finance professionals tend to have strong technical skills but lack management expertise. CGMA Magazine
(12/5)
| Middle East
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- Harsh measure follows U.N. vote on Palestine
Israel is withholding the transfer of $118 million in tax revenue collected for the Palestinian government. The move follows a U.N. vote to recognize the West Bank and the Gaza Strip as part of a Palestinian state. Israel views the vote as provocation from Palestine. Withholding the tax revenue means the Palestinian government will struggle to pay salaries. Israel Hayom
(12/2), The Wall Street Journal
(12/2)
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Spanish writer
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