This author has yet to write their bio.Meanwhile lets just say that we are proud Darren Caple contributed a whooping 130 entries.
The IFRS Foundation has issued two new stand-alone educational modules, which support the learning, application, and reading of financial statements prepared with the IFRS for SMEs.
IASB member Gary Kabureck has issued an article discussing the development of disclosure materiality.
The IASB has posted the agenda for its next meeting, which will be held at its offices in London on 7-8 February 2019. There are five topics on the agenda, including again potential amendments to IFRS 17 ‘Insurance Contracts’.
At its meeting currently held in London, the IASB discussed IFRS 17 ‘Insurance Contracts’ and 5 of the 25 concerns regarding the standard that were identified in October 2018 as candidates for potential amendments.
Enterprise risk management (ERM) needs to be part of the professional accountant mindset and makeup. This report explores the contribution of professional accountants to effective ERM in their roles as chief financial officers (CFO) and within finance functions. To add value, accountants must be seen as risk experts who are outward-looking and provide valuable insights…
The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has issued financial accounting standard (FAS) 33 ‘Investments in Sukuk, Shares and Similar Instruments’ and FAS 34 ‘Financial Reporting for Sukuk-holders’.
The IFRS Foundation has issued an additional new stand-alone educational module, which supports the learning, application, and reading of financial statements prepared with the IFRS for SMEs Standard.
The International Accounting Standards Board (IASB) has issued ‘Definition of Material (Amendments to IAS 1 and IAS 8)’ to clarify the definition of ‘material’ and to align the definition used in the Conceptual Framework and the standards themselves.
The IAASB revised its standard on accounting estimates, ISA 540 (Revised), Auditing Accounting Estimates and Related Disclosures, to respond to the rapidly evolving business environment. The revision ensures that the standard continues to keep pace with the changing market and fosters a more independent and challenging skeptical mindset in auditors. ISA 540 (Revised) becomes effective…
As part of the IAASB’s focus on professional skepticism, this publication provides an update on the IAASB’s efforts to appropriately reflect professional skepticism in its recently-issued, and soon-to-be-issued, standards and exposure drafts. It also includes other relevant news and information, and recent activities of the IESBA and IAESB, related to professional skepticism.