The IASB is proposing to delay the effective date of an amendment to IAS 1 and is consulting on a proposed amendment to IFRS 16 to make it easier for lessees to account for COVID-19-related rent concessions.
Proposals issued by the International Accounting Standards Board would require information in financial statements to be focused more on financial performance.
In an effort to make it easier for companies to make materiality judgements, the International Accounting Standards Board (IASB) issued a clarified definition of “material”.
Here’s what organisations need to consider as they implement the new Financial Accounting Standards Board rules—and why it’s smart to start that work promptly.
The US Financial Accounting Standards Board proposed an Accounting Standard Update (ASU) designed to simplify and improve financial reporting associated with consolidation of variable-interest entities (VIEs).
The International Accounting Standards Board (IASB) issued a standard for insurance contracts to help investors and others better understand insurers’ risks exposure, profitability, and financial position.
