The International Accounting Standards Board (IASB) released for comment a set of proposed IFRS statement amendments that would help companies distinguish accounting policies from accounting estimates.
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 an interpretation that specified how organisations should reflect uncertainty in their accounting for income taxes.
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.
Strengthening partnership between finance and the credit loss group may be the first step in an implementation process that a Deloitte survey shows many banks have already started.
US securities issuers will be required to include a hyperlink to each exhibit in a corporate filing’s exhibit index under new rule and form amendments.
Audit committees have a significant role to play as organisations implement a new accounting standard for revenue recognition that will have a big effect on many industries.
Political decisions that may affect cross-border business policies in the US and the UK have so far had no effect on international accounting standards, Hans Hoogervorst said.
Mary Jo White plans to depart her position as the US Securities and Exchange Commission chair in January, when Barack Obama’s second term as president ends.
CFOs like to hire staff-level people who possess both technical ability and soft skills. But if finance leaders have to choose between the two, they have a clear-cut favorite for staff-level employees.
Transparency in financial reporting is a key component of robust and accountable governance, especially in emerging markets where corruption scandals have harmed multinationals battling slowing economic growth.
