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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.
The International Auditing and Assurance Standards Board has released revised auditing standards aimed at focusing auditors more on disclosures and driving consistency in auditor behaviour in applying the standards.
The US Financial Accounting Standards Board (FASB) voted to delay the effective date of the new revenue recognition standard by one year, with early adoption permitted as of the original effective date.
The US FASB)and the IASB voted to seek public comment on proposed changes to the converged revenue recognition standard that would give financial statement preparers additional guidance on the principal versus agent analysis.
The IASB proposed narrow-scope amendments to pension accounting standards – a move designed to provide better information to investors and reduce diversity in practice.
Companies and investors in the European Union mostly support IFRS, according to a report adopted by the European Commission, but the report also identifies room to improve IFRS in some areas.
A post-implementation review generally supported the accounting requirements in IFRS 3, Business Combinations, but identified areas for further research.
The International Accounting Standards Board (IASB) on Thursday proposed changes to its conceptual framework, which provides a foundational underpinning for financial reporting under IFRS. In an exposure draft, Conceptual Framework for Financial Reporting, the IASB proposes changes that would include: A new chapter on measurement, describing appropriate measurement bases (historical
The International Accounting Standards Board (IASB) published its proposal to delay by one year the effective date of the new revenue recognition standard.
The US Financial Accounting Standards Board’s (FASB) efforts to resolve challenges with the new revenue recognition standard continued when the board formally proposed targeted changes that are intended to clarify guidance related to identifying performance obligations and licensing.
New rules proposed by a divided US Securities and Exchange Commission (SEC) would require public companies to disclose the relationship between executive compensation and the company’s financial performance.
The US Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update that would delay the effective date of the new, converged revenue recognition standard by one year.
The International Accounting Standards Board (IASB) voted to propose a one-year delay in the effective date of the new, converged revenue recognition standard. The decision follows requests from financial statement preparers.
Compliance functions often take precedence over analysis for finance staffs, according to a new report. Also, a majority of finance executives are dissatisfied with their organisation’s approach to annual budgeting, data from Grant Thornton and the American Productivity and Quality Center show.
