International Financial Reporting Standards

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href="/news/2023/feb/first-global-sustainability-standards-approach-finish-line.html">First global sustainability standards approach the finish line</a></h1> <p>The International Sustainability Standards Board announces that IFRS S1 and IFRS S2 will be released in June and effective for some companies in 2024.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2022-11-22T11:19:28.000-05:00"></div> <h1><a href="/news/2022/nov/new-year-new-challenges-preparing-sustainability-disclosures.html">New year, new challenges: Preparing for sustainability disclosures</a></h1> <p>Those on the front line of the sustainability reporting landscape share what’s to come in 2023 and what accounting professionals need to know to prepare.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2022-03-23T13:54:00.000-04:00"></div> <h1><a href="/news/2022/mar/proposal-supersede-auditing-standard-group-audits.html">Proposal would supersede auditing standard for group audits</a></h1> <p>The AICPA Auditing Standards Board is seeking comments on a proposed Statement on Auditing Standards that seeks to strengthen the auditor’s approach to planning and performing group audits and to improve the quality of such audits.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2020-09-11T16:52:00.000-04:00"></div> <h1><a href="/news/2020/sep/global-effort-unified-sustainability-corporate-reporting.html">Consistency sought in sustainability, corporate reporting through global effort</a></h1> <p>IFAC called for the creation of a new sustainability accounting standards board, and five global organizations committed to working together toward unified corporate reporting.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2019-11-07T14:54:55.000-05:00"></div> <h1><a href="/news/2019/nov/ifac-seeks-consistency-engagement-in-corporate-reporting-201922420.html">IFAC seeks consistency, accountants’ engagement in corporate reporting</a></h1> <p>The wide variety of frameworks and standards initiatives prevents consistency in corporate reporting, according to the International Federation of Accountants.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2019-01-01T05:00:00.000-05:00"></div> <h1><a href="/issues/2019/jan/iasb-definition-of-material-201820023.html">IASB clarifies definition of ‘material’</a></h1> <p>The objective is to make it easier for companies to make judgments.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2018-10-31T13:50:00.000-04:00"></div> <h1><a href="/news/2018/oct/iasb-definition-of-material-201820023.html">IASB clarifies definition of ‘material’</a></h1> <p>The IASB revised its definition of “material” in an effort to make it easier for companies to decide which information is important enough to include in their financial statements.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2018-06-28T10:30:00.000-04:00"></div> <h1><a href="/news/2018/jun/iasb-clarity-liabilities-and-equity-201819254.html">IASB seeks clarity between liabilities and equity</a></h1> <p>The proposal attempts to reduce diversity in practice on the accounting for complex instruments that have features of debt and equity.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2018-06-01T05:00:00.000-04:00"></div> <h1><a href="/issues/2018/jun/ifrs-framework-revisions-201818675.html">New IFRS conceptual framework revises foundational reporting concepts</a></h1> <p>Information about performance and position is prioritized.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2018-03-29T13:30:00.000-04:00"></div> <h1><a href="/news/2018/mar/ifrs-framework-revisions-201818675.html">New IFRS conceptual framework revises foundational reporting concepts</a></h1> <p>A new conceptual framework for IFRS includes revisions to concepts for reporting assets, liabilities, income, and expenses.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2017-09-12T13:00:00.000-04:00"></div> <h1><a href="/news/2017/sep/iasb-changes-accounting-policies-estimates-201717430.html">IASB proposes changes around accounting policies and estimates</a></h1> <p>An IASB exposure draft seeks to clarify the distinction between accounting estimates and accounting policies.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2017-08-01T05:00:00.000-04:00"></div> <h1><a href="/issues/2017/aug/iasb-accounting-for-uncertainty-in-income-taxes.html">IASB addresses uncertainty in accounting for income taxes</a></h1> <p>IFRIC 23 adds to the requirements of IAS 12.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2017-07-01T17:00:00.000-04:00"></div> <h1><a href="/issues/2017/jul/olivia-kirtley-ifac-global-accounting-profession.html">Assessing the global state of the profession</a></h1> <p>As president of the International Federation of Accountants, Olivia Kirtley, CPA, CGMA, learned about issues accountants face around the world.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2017-07-01T05:00:00.000-04:00"></div> <h1><a href="/issues/2017/jul/iasb-standard-accounting-for-insurance-companies.html">New IASB standard aims for consistent reporting for insurers</a></h1> <p>IFRS 17 creates a single approach for insurance contracts accounting.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2017-06-07T13:15:00.000-04:00"></div> <h1><a href="/news/2017/jun/iasb-accounting-for-uncertainty-in-income-taxes-201716822.html">IASB interpretation addresses uncertainty in accounting for income taxes</a></h1> <p>A new interpretation issued by the IASB specifies requirements for how organizations should reflect uncertainty in their accounting for income taxes.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2017-05-18T14:45:00.000-04:00"></div> <h1><a href="/news/2017/may/iasb-standard-accounting-for-insurance-companies-201716709.html">New IASB standard aims for consistent accounting for insurers</a></h1> <p>A new standard issued by the IASB aims to provide transparent reporting about insurers’ financial position and risk.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2017-03-01T05:00:00.000-05:00"></div> <h1><a href="/issues/2017/mar/iasb-proposes-amendments-to-ifrs-standards.html">IASB proposes amendments to 3 standards</a></h1> <p>The changes are part of an annual improvement process.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2017-01-12T16:15:00.000-05:00"></div> <h1><a href="/news/2017/jan/iasb-proposes-amendments-to-ifrs-standards-201715830.html">IASB proposes amendments to 3 IFRS standards</a></h1> <p>The IASB issued clarifications to standards related to income taxes, borrowing costs and investments in associates and joint ventures.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2016-12-06T16:45:00.000-05:00"></div> <h1><a href="/news/2016/dec/brexit-trump-affect-global-accounting-standards-201615650.html">Will Brexit, Trump affect global accounting standards?</a></h1> <p>Political decisions that may affect cross-border business policies in the United States and the United Kingdom have so far had no effect on international accounting standards, Hans Hoogervorst said.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2016-12-05T15:43:00.000-05:00"></div> <h1><a href="/news/2016/dec/ifrs-faces-long-odds-in-us-201615633.html">Why IFRS remains relevant in the U.S.</a></h1> <p>Knowledge and understanding of IFRS is important in the United States even though FASB’s standard-setting process best serves U.S. capital markets, SEC Chief Accountant Wes Bricker said.</p> </article> </div> </div> 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