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January 9, 2013
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  • Basel Committee eyes diverging loan-loss standards with concern
    The Basel Committee on Banking Supervision is concerned that the U.S. Financial Accounting Standards Board and the International Accounting Standards Board will treat loan losses differently as they pursue different impairment models. "While the boards have made significant progress in developing expected loss models, we also remain concerned as to whether the eventual standards will result in the early and timely build-up of sufficient levels of credit allowances," Basel Committee Chairman Stefan Ingves said. Bloomberg (1/4) LinkedInFacebookTwitterEmail this Story
  • Kenyan revenue agency bolsters hiring standards
    The Kenya Revenue Authority has stepped up its hiring process. Potential hires must provide a detailed application, and if they are a member of a professional society, such as the Institute of Certified Public Accountants of Kenya, their application must be channeled through that body. Also, the Ministry of Finance has called for the establishment of a committee to consider applications for registration of tax agents. Business Daily (Kenya) (1/3) LinkedInFacebookTwitterEmail this Story
  • Compliance is a concern in cloud computing
    Private or hybrid cloud computing is a trend that will pose major challenges to businesses this year, says ISACA, a global organization for information technology governance. Compliance risk is one concern with this model, James Kaplan, Chris Rezek and Kara Sprague write. Companies need to protect sensitive data and comply with regulations regarding where certain data can be stored and who can access them, they write. McKinsey Quarterly (free registration) (1/2013), CGMA Magazine (12/27) LinkedInFacebookTwitterEmail this Story
  • Other News
  • How to prepare for Europe's expected "lost decade"
    Companies doing business in Europe shouldn't let down their guard because the future of the eurozone has become more secure, research by Ernst & Young and the McKinsey Global Institute suggests. Find out about challenges ahead and how to best face them. CGMA Magazine (12/28) LinkedInFacebookTwitterEmail this Story
  • Other News
  Middle East 
  • Dubai re-emerges, but problems linger
    Dubai, United Arab Emirates, is re-embarking on ambitious development projects after pausing during financial difficulties the past few years. It is bolstering its role as a regional hub with projects such as Mohammed bin Rashid City. There are lingering debt woes, however. The Economist (free content) (1/5) LinkedInFacebookTwitterEmail this Story
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It is wise to keep in mind that neither success nor failure is ever final."
--Roger Babson,
American entrepreneur and business theorist

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