Bewohner mit besonderen Bedürfnissen oder Behinderungen Ein Türsteher (oder Türsteher oder Türsteher) ist eine Person, die damit beauftragt ist, Höflichkeits- und Sicherheitsdienste in einem Geschäfts- oder Wohngebäude zu erbringen. Man findet sie häufig in Hotels, Restaurants, Theatern, Country Clubs und Wohnhochhäusern. Sie begrüßen Gäste am Eingang des Gebäudes, kontrollieren Besu...
The term ‘global financial crisis’ means economic scarcity where there is a continuing drawback against stable strategic economic growth in the world. The underlying history regarding the crisis had been reported in business magazines for many months prior to September 2008, with an emphasis on the financial rigor of US investment banks, insurance companies, and mortgage securities companies. And the world as a consequence of the crisis of subprime companies. . Presenting with some wicked critics against business failures dominated by misapplication of risk controls for bad debts, debt insurance collateralization, and fraud, the large financial institutions that predominate in the United States and other regions of the world are They have faced a credit crunch and lazy progression. in economic activity. The shocks quickly updated and turned into a global shock that resulted in a series of European bank failures and falls in various stock indices, relevant with numerous declines in the market value of stocks and commodities. The subprime mortgage crisis reached a critical stage during the first week of September 2008, characterized by severely contracted liquidity in global credit markets and threats of insolvency for investment banks and other institutions. It is observed through critical analysis that the reserve position of banks in the Federal Reserve System began to rise above required levels of around $ 10 billion in early September 2008, just after the Democratic and Republican national conventions, and just before the stock market crash and presidential debates.
As a consequence of such a global financial crisis, there was a great impact on the accounting strategy and in reference to the world commercial economy; there was a shortage of resources to measure the strength of the existing position of financial institutions. For such adverse accounting connotation, the International Accounting Standards Board and the Financial Accounting Standards Board today issued supplementary measures in response to the global financial crisis following their joint council meeting held in London on 23-24. March 2009. These postulates have helped establish the original form of the financial statements. In the previous format of the balance sheet strategy, there was no scope to reflect some economic events such as inflation, interest rate, and declining mortgage issues, but in the current reform strategy, sufficient changes have been made based on In accounting involvement with so many revolutionary altercations. In reference to the global financial crisis, the IASB was accepted in 2001 and is the standard setting of the International Accounting Standards Committee Foundation and a self-regulating private sector non-profit organization. The IASB stands firm in assembling, in the public interest, a unique set of high-quality global accounting standards that provide high quality and crystal clarity and orderly equivalents in general purpose financial statements. With respect to the objective, the IASB conducts wide-ranging public consultations and seeks the cooperation of intercontinental and national bodies around the world. Its 14 members come from nine countries and have a variety of professional backgrounds. They are appointed and accountable to the Trustees of the IASC Foundation, who must select the best available combination of technical expertise and diversity of international business and market experience. Since 1973, the US Financial Accounting Standards Board has been chosen as the private sector organization to set financial accounting and reporting standards. These standards govern financial reporting and are recognized as authoritative by the Securities and Exchange Commission and the American Institute of Certified Public Accountants. Such standards are essential to the ingenious operation of the cost reduction measure because investors, creditors, auditors and others rely on reliable, transparent and comparable economic information. With the work-in-progress structuring, the two councils have agreed to work rapidly together toward common standards that address off-balance-sheet activity and financial instrument accounting. They will also work to analyze bad loan accounting within the financial instruments project. Additionally, the boards have agreed to issue proposals to replace their respective financial instrument standards with a common standard in a matter of months, not years. As part of this project, the boards will examine the accounting for credit losses, including models for incurred and expected losses. The boards will continue to draw on the expertise provided by the Financial Crisis Advisory Group (FCAG), a high-level advisory body formed to guide the boards in their joint response to the financial crisis. The composition of the FCAG includes current and former investors, regulators, central bankers, finance ministers, and others from industry and the public sector.
The FCAG was established by the International Accounting Standards Board (IASB) and the United States Financial Accounting Standards Board (FASB) to advise the two boards on the standard-setting implications of the global financial crisis and the possible changes in the global regulatory environment. It is made up of 18 senior leaders with extensive international experience in financial markets, joined by official observers representing the leading global banking, insurance and securities regulators. The chairmen and some other members of the IASB and FASB board also participate in the discussions. The FCAG has considered how improvements in financial reporting can help improve investor confidence in financial markets and is seeking to identify, and provide input and advice on important accounting issues that require immediate advice or consideration. longer term. . Topics being discussed include, but are not limited to, fair value accounting, loan provisioning and structured entities, and other off-balance sheet vehicles. The FCAG was also interested in exploring board oversight, the standard setting process in required situations, and the benefits of the convergence of the two boards’ standards. As part of its work, the FCAG is considering various studies related to the financial crisis, such as the US Securities and Exchange Commission study of mark-to-market accounting, the Turner Review of the UK Financial Services on the global banking crisis, and the work of the Financial Stability Forum to address procyclicality in the financial system. The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) announced this week the membership of the Financial Crisis Advisory Group (FCAG). The FCAG is the high-level advisory group created by the boards to consider financial reporting issues arising from the global financial crisis. The group includes recognized leaders from the business and government fields with extensive experience in international financial markets.
In view of the above discussion, it is clear that the criteria established under the accounting standard should now focus on ensuring that IFRS continues to be a high-quality, principles-based accounting language. World trade authorities must be involved in the standard setting process, as more and more countries adopt IFRS. The steps relevant to the financial crisis support a guarantee of a joint approach to the financial crisis and the general objective of seeking convergence between International Financial Reporting Standards and the generally accepted accounting principles (GAAP) of the United States. There is no denying the fact that in relation to the global financial crisis, the IASB and FASB have an important role in overcoming difficulties with respect to the global economic crisis. They have taken active steps to measure the risks and uncertainties in these areas. The discussion required for those with IFRS experience to share their views and knowledge. In areas like accounting, being overly prescriptive with global measures could backfire. Issuing guidance on those results in mechanical rule compliance could be a recipe for disaster. The underlying principles based on standard setting and professional judgment have a vital role to play and must not stifle recovery. If this can be achieved through the consultative process, public and private sector parties should be able to contribute to the evolution of individual standards, from the initial standard setting phase.
In view of the above, it is clear that in most cases, the competent authorities should be in a position to support the new standards, as issued by the International Accounting Standards Board. However, the strategy of change reforms in the current financial information system concludes that, although the crisis has revealed flaws in the world’s own regulatory system, the competent and authoritative Board is still well positioned to play an active role in the design of new global structures and ensure that they are valid. transparent and accountable, and that both developing countries and others are represented, in order to increase the legitimacy of the decision-making process.