An IASB board member explains proposed changes to IFRS 3, Business Combinations, how the board plans to reduce complexity in the standard’s impairment test, and next steps for finalising the standard.
The Securities and Exchange Commission rule applies to listed companies and foreign private issuers. Also, the FRC issued Corporate Governance Code guidance.
Recent regulations pave the way to more consolidated reporting in the UK, but the percentage of assurance performed by accountants remains below average.
IPSASB issues exposure drafts on accounting for natural resources; FRC releases guidance for companies’ applying the revised Corporate Governance Code.
The 15% rate applies to multinational companies active in EU member states; the European Commission says Pillar Two rules limit a ‘race to the bottom’ in tax rates.
The resources, which include enhancements to SASB standards, are designed to help companies apply global standards IFRS S1 and IFRS S2 that go into effect in 2024.
