AeA Member Deloitte shares IFRS perspective and what tech companies should begin considering as the adoption date approaches

With the rapid adoption of IFRS worldwide, the prospect of a "global GAAP" has moved from a lofty vision to a practical reality. The SEC has initiated a dialogue with the U.S. financial community as to whether application of IFRS by U.S. registrants should be prohibited, optional, or required. No consensus has been reached; however, many believe that IFRS, presented initially as an option, will arrive no later than 2011, thereby creating an important stepping stone for mandatory adoption in the United States sometime thereafter. SEC Chairman Christopher Cox’s recent remarks on the need for a "public policy oversight body" to watch over the IFRS only add further credibility to those beliefs.

As we await the SEC decision, we at Deloitte continue to keep our clients informed of the latest developments and resources available. We encourage you to reach out to us with any questions you may have. With that in mind, please see the descriptions and links below for the most recent IFRS publications: the July 2008 IFRS Insights newsletter and the IFRS Tax Point of View.

1. July 2008 IFRS Insights - This is a monthly newsletter that Deloitte publishes. The July issue covers a spectrum of key issues related to IFRS, such as regulatory updates, tax implications, Q&A, and contacts. To access the IFRS newsletter, please click here. To sign up for the newsletter, please click here.

2. IFRS Tax Point of View (POV) - This POV discusses the tax accounting, planning and operational aspects of IFRS, including the areas expected to converge and potential areas of divergence, the need to re-evaluate tax accounting methods, the potential impact on global tax planning, and transition and implementation issues. To access the POV document, please click here. Additionally, please remember to visit Deloitte's IFRS website, which has these and other useful resources that will help you learn more about IFRS.

Please contact Rob Lucenti at 714-436-7241 or via e-mail rlucenti@deloitte.com or Erik Ekstrom at 714-426-7894 or via e-mail eekstrom@deloitte.com to discuss how Deloitte can help you prepare for the adoption of IFRS.

About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu and its member firms. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
 

AeA Orange County Sales & Marketing Roundtable:
What Your Competition Knows and You Don't about Sales & Marketing

Cost: Attendance for this AeA member only event is complimentary, due to the courtesy of Printronix.  To learn more about Printronix, please click here.

Come prepared to share two of your best sales and/or marketing ideas and ask one question to challenge your colleagues. We’ll also want to know what program topics and speakers you want AeA to host as part of our commitment to your professional development...register today! Entry and breakfast is complimentary, courtesy of Printronix. To learn more about Printornix, please click here.

Register Today! This is a complimentary AeA member only event, due to the generosity of Printronix. To learn more about Printronix, please click here. For questions, please contact Program Marketing & Event Manager Yalanda_Oglesby@aeanet.org at 949-450-1500 x101.

AeA Orange County HR Roundtable:
Dangerous Documents - What you don’t know CAN hurt you!

Mark your calendar September 9, 2008, for the next AeA Orange County HR Roundtable: Dangerous Documents - What You Don't Know CAN Hurt You! at EADS North America Defense Test & Services, Irvine, CA.

This program will address how common documents, including, employment-related documents, have the potential to come back to haunt you, and what steps you can take today to avoid tomorrow’s headaches. We will present some key challenges and approaches to this issue and offer tips on how you can avoid simple errors that can lead to costly lawsuits.

This program is designed for senior level managers and HR personnel who need:

• What dangerous documents exist in your company’s files?
• Which documents are the most trouble?
• How can you avoid turning your company’s documents into dangerous documents?
• What tools can you provide your managers to help them comply with legal do’s and don’ts? H
• How emails have become a company’s nightmare and a lawyer’s dream.

What can your company do to minimize legal risks created by emails? With email and other computer-generated records among the most dangerous of company records, we will examine best practices for handling these. While often written hastily as a substitute for a telephone call, recent legal developments have shown that email can be used in litigation in ways and with interpretations never intended by the author.

Registration: This breakfast event is complimentary to AeA members, due to the generosity of EADS, and $70 for non-members. To learn more about EADS, please click here. To register for this event online, please click here.  For questions, please contact Program Marketing Manager Yalanda_Oglesby@aeanet.org at 949-450-1500 x101, or Membership Director Alan_Wald@aenet.org at 949-450-1500 x104.
 

Get Connected Today With AeA Membership!
 

In addition to exclusive product and program discounts, dynamic networking events, access to investors, executive education and development programs, opportunities to influence government policies, and brand exposure through membership participation, new members will also receive BounceBack Professional 8.0 software, courtesy of AeA member CMS Products, while supplies lasts. Software features include unlimited vault size, allows you to create as many Vaults as your available space allows, and supports Windows Vista, XP, 2000 and Server 2000/2003. Contact Alan Wald today at 949-450-1500 x104 or Alan_Wald@aeanet.org!
 

In partnership with Orange County Innovation, AeA is proud to kick off Orange County's "Innovation Month" with Innovation & Globalization In Green Oct. 1 - 2, 2008.  This 2-day conference is a rare opportunity to network with Orange County businesses, and economic development organizations from around the world and learn how to create and nurture business relationships across borders and cultures.

Orange County’s “Innovation Month” will present the county’s leadership in innovation. For the entire month, Orange County Innovation (OCI) will promote events, organizations, companies and entrepreneurs that are driving innovation in Orange County. The 2008 Innovation and Globalization in Green event will launch the month of festivities. To learn more, please click here.

REGISTER TODAY!

REGISTER TODAY!  For additional information, please contact Yalanda_Oglesby@aeanet.org or Don_Hicks@aeanet.org at 949-450-1500 x101.

The Innovation & Globalization In Green conference is underwritten and produced by financial and in-kind sponsors, including event sponsors Crowell & Moring (also an official AeA Global Connect sponsor), Toshiba America Information Systems, CSC, and public relations sponsor WunderMarxPR.

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