The new accounting standard will replace IAS 1 from January 2027 and is aimed at more consistent reporting that's better aligned with how businesses are run.
The FRC’s guidance incorporates changes to legislative and regulatory requirements, including the recent revision of the UK Corporate Governance Code.
The European Parliament votes to reduce the number of companies subject to reporting requirements to include EU companies employing over 1,000 employees and with a net annual turnover of over €450 million.
FM’s editor-in-chief details articles in the December digital edition, including one that examines hard and soft trends and their impact on accounting and finance professionals. Listen to the podcast episode or read the Q&A.
In a statement, CIMA affirmed continued supervisory support for its members in practice while the regulator’s anti-money laundering model is in development.
The Digital Management Accounting credential, a pathway to the CGMA designation, has been added to Beijing’s International Professional Qualification Directory.
AI can assist in accounting, auditing, assurance, forecasting, and tax — and accountants need to understand the cybersecurity, privacy, and ethics issues, too.
