IASB plans to clarify revenue recognition rules
Accounting Firms

IASB plans to clarify revenue recognition rules

9y Richard Crump , Writer

IASB plans to clarify revenue recognition rules

Proposed amendments address concerns raised by preparers at meetings of IFRS 15 transition group Read More...

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IFRS Foundation launches review into its governance
Accounting Standards

IFRS Foundation launches review into its governance

9y Richard Crump , Writer

IFRS Foundation launches review into its governanc...

Global accounting standard setter set to review its governance, financing and effectiveness Read More...

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FRC makes way as IASB refreshes advisory forum members
Accounting Standards

FRC makes way as IASB refreshes advisory forum members

9y Chris Warmoll , Writer

FRC makes way as IASB refreshes advisory forum mem...

IASB refreshes ASAF membership with the FRC among those making way for new entrants Read More...

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Industry bodies express delight at EC embrace of IFRS report
Accounting Standards

Industry bodies express delight at EC embrace of IFRS report

9y Chris Warmoll , Writer

Industry bodies express delight at EC embrace of I...

IFRS in the EU was aimed at improving the efficiency of EU capital markets by enhancing levels of transparency and the more meaningful comparisons of ...

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Nearly half of financial institutions at risk of missing 2018 IFRS 9 deadline
Accounting Standards

Nearly half of financial institutions at risk of missing 2018 IFRS 9 deadli...

9y Chris Warmoll , Writer

Nearly half of financial institutions at risk of m...

Despite the fact that full compliance with new IFRS 9 rules is estimated to take between two and three years to complete, majority have only just sta...

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IASB restores concept of prudence to financial reporting
Accounting Standards

IASB restores concept of prudence to financial reporting

9y Richard Crump , Writer

IASB restores concept of prudence to financial rep...

IASB bows to pressure and reintroduces an explicit reference to prudence in its conceptual framework Read More...

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IASB calls for one year deferment on IFRS 15 Revenue from Contracts with Customers
Accounting Standards

IASB calls for one year deferment on IFRS 15 Revenue from Contracts with Cu...

9y Chris Warmoll , Writer

IASB calls for one year deferment on IFRS 15 Reven...

The international accounting standards setter says main reason for the proposed deferral is the IASB is planning to issue an exposure draft of targete...

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IFRS Foundation announces new appointments to its interpretations committee
Accounting Standards

IFRS Foundation announces new appointments to its interpretations committee

9y Chris Warmoll , Writer

IFRS Foundation announces new appointments to its ...

Jongsoo Han and Robert Uhl have both been appointed for a three-year term kicking off on 01 July 2015 Read More...

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EFRAG gets political as Wolf Klinz named president
Accounting Standards

EFRAG gets political as Wolf Klinz named president

9y Richard Crump , Writer

EFRAG gets political as Wolf Klinz named president

EFRAG's new president willing to challenge the IASB over IFRS endorsement in the EU. It will lead to better rule-making Read More...

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IFRS Foundation calls for delay to revenue recognition
Accounting Standards

IFRS Foundation calls for delay to revenue recognition

9y Richard Crump , Writer

IFRS Foundation calls for delay to revenue recogni...

IASB will consider delaying new revenue recognition standard following similar move by FASB Read More...

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New EFRAG chief signals more political approach
Accounting Standards

New EFRAG chief signals more political approach

9y Richard Crump , Writer

New EFRAG chief signals more political approach

Expect more differences between IASB and EU accounting standards, says new chief at EFRAG Read More...

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FASB votes to defer revenue recognition standard
Accounting Standards

FASB votes to defer revenue recognition standard

9y Richard Crump , Writer

FASB votes to defer revenue recognition standard

US standard setters gives companies extra time to implement new revenue recognition accounting rules Read More...

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MEPs and EC at loggerheads over IFRS review
Accounting Standards

MEPs and EC at loggerheads over IFRS review

9y Richard Crump , Writer

MEPs and EC at loggerheads over IFRS review

EC must fully review legality of IFRS, how the IASB is run and demand full disclosure of all costs and expenses incurred by the IFRS Foundation, MEPs ...

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MEPs urge EC to investigate conflicts between IFRS and EU law
Accounting Standards

MEPs urge EC to investigate conflicts between IFRS and EU law

9y Richard Crump , Writer

MEPs urge EC to investigate conflicts between IFRS...

EU politicians urge full review of the compatibility of global accounting rules with EU law, in letter seen by Accountancy Age Read More...

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IASB pledges to maintain ‘strong’ bilateral relationship with FASB
Accounting Standards

IASB pledges to maintain ‘strong’ bilateral relationship with FASB

9y Richard Crump , Writer

IASB pledges to maintain ‘strong’ bilateral relati...

IASB vice-chairman Ian Mackintosh heralds achievements of convergence project at AICPA conference Read More...

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IASB seeks to widen global investor engagement in IFRS
Accounting Standards

IASB seeks to widen global investor engagement in IFRS

9y Chris Warmoll , Writer

IASB seeks to widen global investor engagement in ...

IASB seeks greater participation from international buy-side investor community Read More...

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Mackintosh predicts period of calm for financial reporting
Accounting Standards

Mackintosh predicts period of calm for financial reporting

9y Chris Warmoll , Writer

Mackintosh predicts period of calm for financial r...

Ian Mackintosh, IASB vice-chairman, said that "after a decade of almost continuous change in financial reporting, we could have some relative calm" Re...

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IASB confirms line-up of IFRS 9 implementation group
Accounting Standards

IASB confirms line-up of IFRS 9 implementation group

10y Richard Crump , Writer

IASB confirms line-up of IFRS 9 implementation gro...

The 12-strong panel includes members of the Big Four, along with representatives from Barclays, Bank of China and Deutsche Bank Read More...

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IFRS ‘disconnected’ from true and fair, investors claim
Accounting Standards

IFRS ‘disconnected’ from true and fair, investors claim

10y Richard Crump , Writer

IFRS ‘disconnected’ from true and fair, investors ...

Group of institutional investors claim IFRS disconnected from the requirements for true and fair accounts Read More...

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IFRS 9 leaves much open to interpretation
Accounting Standards

IFRS 9 leaves much open to interpretation

10y Richard Crump , Writer

IFRS 9 leaves much open to interpretation

Judgement will play a key part in implementing new financial instruments standards, finds Richard Crump Read More...

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IASB scraps dual lease accounting model
Accounting Standards

IASB scraps dual lease accounting model

10y Richard Crump , Writer

IASB scraps dual lease accounting model

IASB reverts to single model for lease expenses, scrapping the dual approach agreed with US counterpart FASB last year Read More...

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Banks take a forward view of losses under new IFRS rule
Accounting Standards

Banks take a forward view of losses under new IFRS rule

10y Richard Crump , Writer

Banks take a forward view of losses under new IFRS...

IASB issues finished financial instruments accounting standard, but fails in convergence attempts with FASB Read More...

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FRC reveals ‘struggle’ in IASB discussions
Accounting Standards

FRC reveals ‘struggle’ in IASB discussions

10y Naomi Rainey , Writer

FRC reveals ‘struggle’ in IASB discussions

Working with international standards body "like pushing water uphill", Haddrill admits Read More...

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IFRS chair opens door for 'prudence' reintroduction
Accounting Standards

IFRS chair opens door for 'prudence' reintroduction

10y Richard Crump , Writer

IFRS chair opens door for 'prudence' reintroductio...

IFRS Foundation chair suggests prudence should be reinserted into conceptual framework Read More...

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Interview: Michel Prada defends IFRS Foundation governance
Corporate Governance

Interview: Michel Prada defends IFRS Foundation governance

10y Richard Crump , Writer

Interview: Michel Prada defends IFRS Foundation go...

Michel Prada tells Accountancy Age that criticism of IFRS Foundation governance structure is 'unfair' Read More...

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Conceptual differences hamper lease accounting project
Accounting Standards

Conceptual differences hamper lease accounting project

10y Naomi Rainey , Writer

Conceptual differences hamper lease accounting pro...

Attempts by IASB and FASB to hammer out new lease accounting standard hampered by 'conceptual difference of opinion', finds Naomi Rainey Read More...

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Draghi tells EU to 'progress swiftly' in adopting IFRS 9
Accounting Standards

Draghi tells EU to 'progress swiftly' in adopting IFRS 9

10y Richard Crump , Writer

Draghi tells EU to 'progress swiftly' in adopting ...

European Central Bank president Mario Draghi tells policymakers in Europe to ‘progress swiftly in the adoption of IFRS 9' Read More...

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