The International Accounting Standards Board (IASB) issued a much-anticipated new accounting standard that will require all leases to be reported on a company’s balance sheet as assets and liabilities.
FASB and the IASB have reaffirmed amendments they had proposed to clarify principal vs. agent guidance in the new, converged revenue recognition standard.
In two separate exposure drafts, the International Accounting Standards Board proposed changes to its investment property standard and proposed narrow-scope amendments to three other standards.
A new standard that will bring lease assets and liabilities onto company balance sheets received preliminary approval from the Financial Accounting Standards Board.
The daily headlines are filled with stories of companies that were damaged when culture went awry. Here’s how internal audit can deliver value by providing a clear focus on organisational culture.
The International Accounting Standards Board (IASB) published its draft guidance on materiality to help company management determine whether information should be disclosed.
The effective date of the revenue recognition standard is fast approaching. Here are some of the SEC chief accountant’s tips for implementing the new standard.
FASB proposed changes that are designed to improve guidance on collectibility, noncash consideration, and completed contracts at transition in the new revenue recognition standard.
The IASB will propose temporary measures to address concerns about issues insurance companies are facing with implementation of the new financial instruments standard.
The US Financial Accounting Standards Board (FASB) issued an accounting standards update that defers the effective date of its new revenue recognition standard by one year.
Taxonomy updates to reflect new reporting standards were proposed by the IFRS Foundation. The proposed updates are for organisations who wish to report electronically. Comments can be made through October 30th.
The International Accounting Standards Board (IASB) addressed financial statement preparers’ concerns Thursday by proposing clarifications and transition relief related to the new revenue recognition standard.
The delay keeps IASB’s effective date in line with that of the US Financial Accounting Standards Board (FASB), which also voted in favour of a one-year deferral earlier this month.
