international economic environment 2012

... understanding of international laws as well as marine transport procedures & policies are also obstacles to Vietnam freight forwarding enterprises on the way of international economic integration ... abroad. VIFFAS and Shipping & Transport college/ International Maritime Transport Academy (STC/ IMTA) of the Netherlands co-organized an International Training Course on Multimodal Transport ... Faculty of Business English 2.4. Role of VIFFAS to Vietnam Freight forwarding industry in international economic integration process 2.4.1. Achievements of VIFFAS Evaluating the achievements recorded...

... THE COLLEGE ADVANTAGE: WEATHERING THE ECONOMIC STORM THE COLLEGE ADVANTAGE: WEATHERING THE ECONOMIC STORM III IV THE COLLEGE ADVANTAGE: WEATHERING THE ECONOMIC STORM e College Advantage comprises ... from January 2010 to February 2012. Much the same is true for underemployment. 3 ã e underemployment rate for four-year college graduates is currently (May 2012) at 8.4 percent, but the ... four-year college graduates was underemployed in May 2012. In comparison, nearly half of the new high school graduates were underemployed in 2012. e most striking statistic shows that nearly...

... PM International Monetary Fund. Not for Redistribution WORLD ECONOMIC OUTLOOK April 2012 Growth Resuming, Dangers Remain International Monetary Fund World Economic and Financial Surveys International ... 2. Economic forecasting — Periodicals. 3. Economic policy — Periodicals. 4. International economic relations — Periodicals. I. International Monetary Fund. II. Series: Occasional paper (International ... Composition Cataloging-in-Publication Data World economic outlook (International Monetary Fund) World economic outlook : a survey by the staff of the International Monetary Fund. — Washington, DC : International Monetary...

... costs. ECONOMIC SURVEY 2012 Presented by Hon. Wycliffe Ambetsa 2 Hon. Wycliffe Ambetsa Oparanya, EGH, MP. Minister of State for Planning, National Development and Vision 2030 May 2012 International ... economy in 2011 – Highlights of key Social and Governance indicators in 2011 – Economic outlook for 2012 International Trade ã Value of imports grew by 38.9 per cent from KSh 947.4 billion ... works completed went up from KSh 38 . 3 billion in 22 completed went up from KSh 38 . 3 billion in 2010 to KSh 43.1 billion in 2011 ECONOMIC SURVEY 2012 Outline – International scene – Highlights of the performance of the Kenyan 3 – Highlights...

... Considerationoftheneedforanemphasisof matterparagraphintheauditorsreportwillbe adifcultmatterofjudgmenttobemadeinthe contextoftheentityscircumstances;themere existenceofthecreditcrisis,thoughreferred tointhenancialstatements,doesnotofitself createtheneedforanemphasis. ThisalertisissuedbystaffoftheInternational AuditingandAssuranceStandardsBoard(IAASB) toraiseauditorsawarenessaboutmattersrelevant totheconsiderationoftheuseofthegoingconcern assumptioninthepreparationofthenancial statementsinthecurrentenvironment.Inparticular, management,thosechargedwithgovernanceand auditorsalikewillbefacedwiththechallengeof evaluatingtheeffectofthecreditcrisisandeconomic downturnonanentitysabilitytocontinueasagoing concernandwhethertheseeffectsontheentityought tobedescribed,orotherwisereected,inthenancial statements. WhiletheStaffAuditPracticeAlert,Challenges inAuditingFairValueAccountingEstimatesin theCurrentMarketEnvironment[October2008], referstogoingconcerninthecontextoftheeffects ofvaluationinilliquidmarkets,thisalertaddresses widerissuesthatarelikelytoberelevanttoauditors ofentitiesinallindustriesandofallsizes.While thisalertrefersprincipallytoISA570,otherISAs containrequirementsandguidancetoassisttheauditor indealingwithotherissuesthatmayalsorequire particularattentioninthecurrentenvironment,such asinventoryvaluationandallowancesfordoubtful receivables. Thisalertdoesnottakeaccountofmattersspecic toindustriesorjurisdictions,bothofwhichwillbe relevanttotheissuesdiscussedbelow.Government responsestothecriseshavebeensubstantial,but varied.Thusinsomejurisdictionscertainaspects ofcreditavailabilitymayhavebeenresolvedwhile otherscontinuetocausedifculties;andtheparticular matterstackledbygovernmentsmaydifferasbetween jurisdictions.Similarly,governmentshavebeen consideringassistancetocertainindustries,thenature ofwhichmayhaveamaterialeffectonthematters discussedinthisalert.Further,theeffectofthecredit crisisandeconomicdownturnvariesbothastoits severityandtimingdependingontheindustryandthe jurisdiction. AUDIT CONSIDERATIONS in RESPECT of GOING CONCERN in the CURRENT ECONOMIC ENVIRONMENT This ... needadetailed analysistosupportthegoingconcernassumptions. However,theeffectofthecreditcrisisandeconomic downturnislikelytobethatsuchanapproach willnolongerbeappropriateformanyentities.In particular,theimplicitassumptionsbehindsuch anapproachmaynolongerbevalidinthecurrent environment. Issuessurroundingliquidityandcredit riskmaycreatenewuncertainties,ormayexacerbate thosealreadyexisting.Evenmanywell-respected entitieswithalong-standinghistoryofprotsand availabilityofcreditmaynditdifculttoobtain orrenewnancing,eitheratalloroncomparable terms.Further,entitiesthathavetypicallyrelied onextensionsofdebtpaymentsorwaiversofdebt covenantsatyear-endmayndthatthesereliefsare nolongeravailablefromtheirlenders.Inaddition, theeconomiccrisismayunderminetheprevious assumptionsaboutprotability. Consequently,entitiesthathavenotpreviouslyfound theneedtoprepareadetailedanalysisinsupport ofthegoingconcernassumptionmayneedtogive thematterfurtherconsideration.Inmanycases, themanagementofsmallerentitiesmaynothave historicallypreparedadetailedassessmentofthe entitysabilitytocontinueasagoingconcern,but insteadmayhavereliedonin-depthknowledgeof thebusinessandanticipatedfutureprospects.Matters suchasowner-managersupportmaybecomeeven morepertinentinthecurrenteconomicenvironment. Auditorswillbenetfromearlydiscussionwith entitiesaboutthenatureoftheassessmentthatmay beappropriateinthecircumstancesoftheentity,how theentitymightbestgoaboutdoingso,andwhat maybeneededtosupplementwhathasbeendonein prioryearswithmorerobustprocessesinlightofthe currentmarketconditions. assessment,itmaybemorelikelyinthecurrent economicconditionsthatitwillbenecessaryto updateitatyear-endgiventhespeedwithwhich conditionsmaybechanging.Thefollowingfactors arerelevant: ã ... needadetailed analysistosupportthegoingconcernassumptions. However,theeffectofthecreditcrisisandeconomic downturnislikelytobethatsuchanapproach willnolongerbeappropriateformanyentities.In particular,theimplicitassumptionsbehindsuch anapproachmaynolongerbevalidinthecurrent environment. Issuessurroundingliquidityandcredit riskmaycreatenewuncertainties,ormayexacerbate thosealreadyexisting.Evenmanywell-respected entitieswithalong-standinghistoryofprotsand availabilityofcreditmaynditdifculttoobtain orrenewnancing,eitheratalloroncomparable terms.Further,entitiesthathavetypicallyrelied onextensionsofdebtpaymentsorwaiversofdebt covenantsatyear-endmayndthatthesereliefsare nolongeravailablefromtheirlenders.Inaddition, theeconomiccrisismayunderminetheprevious assumptionsaboutprotability. Consequently,entitiesthathavenotpreviouslyfound theneedtoprepareadetailedanalysisinsupport ofthegoingconcernassumptionmayneedtogive thematterfurtherconsideration.Inmanycases, themanagementofsmallerentitiesmaynothave historicallypreparedadetailedassessmentofthe entitysabilitytocontinueasagoingconcern,but insteadmayhavereliedonin-depthknowledgeof thebusinessandanticipatedfutureprospects.Matters suchasowner-managersupportmaybecomeeven morepertinentinthecurrenteconomicenvironment. Auditorswillbenetfromearlydiscussionwith entitiesaboutthenatureoftheassessmentthatmay beappropriateinthecircumstancesoftheentity,how theentitymightbestgoaboutdoingso,andwhat maybeneededtosupplementwhathasbeendonein prioryearswithmorerobustprocessesinlightofthe currentmarketconditions. assessment,itmaybemorelikelyinthecurrent economicconditionsthatitwillbenecessaryto updateitatyear-endgiventhespeedwithwhich conditionsmaybechanging.Thefollowingfactors arerelevant: ã...

... the International Economy LAEDC Kyser Center for Economic Research 26 Economic Forecast, February 2012 The continued strength of exports will depend upon the U.S. economic recovery in 2012, ... not competing for available funds and 2012- 2013 Forecast at a Glance LAEDC Kyser Center for Economic Research 1 Economic Forecast, February 2012 I. 2012- 2013 FORECAST AT A GLANCE The U.S. ... sustain statewide home sales Outlook for the International Economy LAEDC Kyser Center for Economic Research 25 Economic Forecast, February 2012 Americas Economic Outlook 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 Canada Mexico...

... for Japan. WORLD ECONOMIC OUTLOOK October 2012 Coping with High Debt and Sluggish Growth International Monetary Fund World Economic and Financial Surveys EXECUTIVE SUMMARY International Monetary ... forecasting — Periodicals. 3. Economic policy — Periodicals. 4. International economic relations — Periodicals. I. International Monetary Fund. II. Series: Occasional paper (International Monetary ... pessimistic. Olivier Blanchard Economic Counsellor WORLD ECONOMIC OUTLOOK: COPING WITH HIGH DEBT AND SLUGGISH GROWTH 18 International Monetary Fund | October 2012 about 40 percentage points...

... “at-a-glance” profile of some of the major international sporting events up to 2022. 2.0 Major International Sporting Events Guide to opportunities for supply to international sporting events 38 RETURN ... the host city, equivalent to LOCOG for London 2012) and Autoridade Publica Olimpica (equivalent to the Olympic Delivery Authority for London 2012) . ã The APO will coordinate, approve and monitor ... the latest and facilities are due to be operational by the end of 2012, to allow for numerous test events to take place in 2012 and 2013. By the end of 2011, circa 70% of all venue construction...

... AND COASTAL ECONOMIC AND ENVIRONMENT Le Anh Tuan 1 , Le Hoang Viet 1 , Do Ngoc Quynh 2 1 Center for Environmental and Water Resources Engineering - College of Technology 2 International ... figures on marine and coastal economic activities and discussion the environmental problems that may be concerned. Key words: marine and coastal, economic, environment, development, pollution. ... imposes environmental protection requirements on these companies. Environmental Protection Law (LEP) This Law protects the environment by implementing Vietnam ’s obligations under various international...

... the National Economic Accounts to Include the Environment http://www.nap.edu/catalog/6374.html THE NATIONAL INCOME AND PRODUCT ACCOUNTS 25 tion between the natural environment and economic activity. ... economy and the environment so that natural and environmental resources can be more effectively managed and regulated. IMPORTANCE OF ENVIRONMENTAL AND NATURAL-RESOURCE ACCOUNTING Environmental ... the environment have been un- dertaken in response to three perceived deficiencies in the way the con- ventional accounts treat natural resources and the environment. First, as an indicator of economic...