The IFRS Foundation trustees are conducting further analysis after calls for establishing a new board that would issue global sustainability accounting and reporting standards.
Revisions are to clarify concepts, simplify guidance for report preparers, and place greater emphasis on outcomes of businesses’ activities. Fundamental concepts in the framework remain unchanged.
The UK adopted changes to accounting standards relating to interbank offered rates reform and the exemption from applying IFRS 9, Financial Instruments.
From top accounting technologies to digital currencies, Liu Qin, professor and vice-president of the Shanghai National Accounting Institute, reveals recent trends among China’s accounting practitioners.
The Association of International Certified Professional Accountants and the Global Accounting Alliance sent letters supporting the IFRS Foundation’s proposal to create a new sustainability reporting standards board.
The Sustainability Accounting Standards Board (SASB) and International Integrated Reporting Council (IIRC) will form a unified organisation led by current SASB CEO Janine Guillot by mid-2021.
Traditional accounting numbers and metrics fall short in measuring value created for all stakeholders. Here’s a framework that can help organisations better articulate the purpose and value of their activities.
