The rebel group has expressed its willingness to join the peace talks that have been carried out by the FARC and the Colombian government headed by President Juan Manuel Santos in Cuba. By Dialogo May 17, 2013 Previously, the guerrillas had demanded the multinational company Braewal Mining to cease its mining activities in the northern area of the country, and in exchange they would release 47-year-old Canadian engineer Jernoc Wobert. The ELN, with 2,500 combatants, is the second largest insurgency group in the country, following the Revolutionary Armed Forces of Colombia (FARC), with 48 years of armed confrontation and 8,000 combatants. Four guerrillas from the National Liberation Army (ELN) were killed, and another one was captured during an armed confrontation that took place in a rural area of the department of Arauca, bordering Venezuela, the Colombian Army reported on May 15. Last week, a possible inclusion of the ELN into the peace talks was considered by Santos, who asked for the release of a Canadian engineer, kidnapped by this insurgency in January. The Colombian armed conflict, in which right-wing paramilitary groups and drug trafficking organizations have also participated, has left over 3.7 million displaced people, 600,000 dead and 15,000 missing individuals in almost 50 years. The insurgents were killed and a female guerilla identified under the alias ‘Adriana’ was captured in the village of Agua Blanca, in Tame municipality, the Army’s 16th Brigade stated.
FRSs used in the UK will become known as UK-adopted International Accounting StandardsEffectively, all of the powers currently exercised by EU institutions to endorse accounting standards for use in the bloc will be repatriated back to the UK.Those powers will then be exercised by a new endorsement board which will be hosted by the Financial Reporting Council.Documents obtained recently by IPE using the Freedom of Information Act reveal that the UK business department has held talks with representatives of the IFRS Foundation to licence those standards for use in the UK.IAS 1 is arguably more important than any other international standard because it is effectively the gateway through which entities pass when they first adopt IFRSs.Among the elements of the IFRS accounting model that it regulates are the minimum format and content of financial statements and important concepts such as accruals accounting and the going concern.The issue of whether the concept of going concern and the way it is audited is sufficiently robust has caught the attention of politicians in the UK following recent high-profile corporate collapses such as Carillion and Thomas Cook.The LAPFF complained that the IAS 1 going concern assessment is flawed because it “confuses management intent with the de facto position of the company”.This, the forum goes on to argue, creates a situation where, for example, auditors could, contrary to UK law, avoid liability for fraud leaving shareholders with inadequate redress.Concerns about fraud and the role of auditors in relation to capital maintenance have arisen in at least one recent high-profile UK corporate collapse, the 2019 AssetCo High Court ruling, as well as during ongoing UK parliamentary hearings.Sources familiar with the issues have told IPE they believe it is this collision of Brexit, increased political scrutiny of accounting matters and the repatriation of laws from Brussels that LAPFF has sought to tap into.The IASB has extended the comment period on the exposure draft from 30 June 2020 to 30 September 2020.To read the digital edition of IPE’s latest magazine click here. The LAPFF also said is it necessary for proposals to satisfy UK political and parliamentary scrutiny.Sparking this latest row over the compatibility of IFRSs with UK law is the board’s Primary Financial Statements project.The board launched the effort in 2017 with the broad ambition of improving how information is communicated through an entity’s financial statements.The board’s proposals center on the income statement, although they also make limited changes to the balance sheet and the cashflow statement.They will eventually require the board to replace IAS 1 with a new standard that sets out:new requirements for presentation and disclosure; andlimited conforming amendments to IAS 1.Once the UK has formally left all of the EU’s structures, it will continue to apply international standards. However, IFRSs used in the UK will become known as UK-adopted International Accounting Standards. The Local Authority Pension Fund Forum (LAPFF) has warned that proposals from the International Accounting Standards Board (IASB) to amend its lynchpin accounting standard could fail to satisfy the UK’s endorsement criteria following the country’s departure from European Union institutions on 31 December.In a sharply worded comment letter on proposals to amend International Accounting Standard 1, Presentation of Financial Statements, the forum warned that without “further substantial changes” the new IFRS “as it stands is un-endorseable”.LAPFF chair Doug McMurdo told IPE: “The IFRS system doesn’t stand up to legislative scrutiny. The model has been engineered to avoid dealing with going concern, capital and profits.“Each depends on the other, but the IFRS system doesn’t deal with any of them properly and/or effectively.”
(REUTERS) – Sports fans and players across the world, frustrated by cancelled matches because of the coronavirus epidemic, are turning to e-sports, with professional real-world athletes joining virtual game tournaments of football, auto racing and basketball.“We’ve seen a dramatic increase in viewership for e-sports broadcasts,” said Todd Sitrin, senior vice-president of Electronic Arts Inc.’s Competitive Gaming Division, adding that the maker of battle-royale sensation ‘Apex Legends’ saw an increase of two to three times its normal viewership in the first quarter of 2020.“All the traditional sports have suspended their seasons and their broadcasts, so what we’ve seen is that fans are really searching for a way to get their sports fix,” Sitrin said.E-sports tournaments are largely available on game streaming platforms like Twitch, YouTube Gaming, Facebook Gaming and Mixer and are also broadcast on TV channels including ESPN and Fox Sports.Online streaming platforms recorded a 43% jump in viewership to nearly 495 million hours in the week starting March 29, compared to the week at the beginning of 2020, according to analytics firm Stream Hatchet.Amazon.com Inc.’s Twitch, which dominates the market for game streaming, recorded a nearly 60% jump in viewership in March with over 1,300 million hours watched, compared to a year earlier, according to Superdata, a Nielsen company.Besides online streaming platforms, viewership across TV broadcasts of tournaments has also seen a significant increase from January to March.The March 29 race at the Texas Motor Speedway in the eNASCAR iRacing series, a popular simulation racing game, is the most viewed e-sports event ever on linear television as of March 30, according to Nielsen Sports.Simulation racing games in e-sports provides an opportunity for professional drivers who are stuck home missing the competition and camaraderie on the tracks, said Steve Hood, president at Motorsport Games.But sports fans are hungry for any competitive action. Last week, ESPN said here it would broadcast League of Legends’ 2020 Championship Series Spring Split Playoffs, highlighting the online multi-player battle game and venturing beyond traditionally broadcasted sports like NBA, FIFA and NASCAR’s iRacing.The move to League of Legends shows a real paradigm shift, said Charles Conroy, vice-president of gaming at The Switch, a live video production firm.“They’re no longer just pandering to normal sports fans and giving them a replacement (for live sports),” he said. “They’re actually showing true hardcore e-sports.”Riot Games’ League of Legends is the most-watched game on Twitch in the first quarter of 2020, according to Superdata.
Linden Hospital maternal deathThe family of 41-year-old Jennifer Gill, of Amelia’s Ward, Linden, who died at the Linden Hospital Complex (LHC) last Monday evening following the delivery of a healthy baby boy, is expected to have a post-mortem examination done on her body today to determine the cause of death.The family had failed to show up for the procedure which was expected to be conducted on the body of the deceased woman at the Hospital last Wednesday; however, the woman’s niece confirmed that it was expected to be done today.LHC officials noted last Wednesday that the family now would have to travel from Linden to Georgetown to have the procedure done, since pathologists would not return to the Hospital to conduct the examination.The family had refuted claims that Gill did not require a C-section delivery. The medical institution would have so far completed its investigation into the matter and an official report was prepared and sent to the relevant authorities, including the Chief Medical Officer (CMO) and the Director of Regional Health Services.The medical institution’s Chief Executive Officer (CEO), Dr Farouk Riyasat noted last Wednesday that based on his medical knowledge and facts of the report, he believed that Gill died after suffering a blood disorder, referred to as Disseminated Intravascular Coagulation (DIC), which caused rapid blood loss and thinning, eventually leading to shock and kidney failure.The CEO made the statement during a media briefing, which was also attended by the Hospital’s CMO, Dr Romesa McDonald and Public Relations Officer Toshanna Alicock. Dr Riyasat had also said that the family’s failure to show up for the post-mortem examination had hampered the flow of information for the report.Officials had also indicated that the family had been kept up to date on the now deceased woman’s condition and that she was given the best possible care.