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The International Accounting Standards Board (IASB) published its draft guidance on materiality to help company management determine whether information should be disclosed.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.
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.
