RegulationAccounting StandardsPressing issues for IFRS Foundation

Pressing issues for IFRS Foundation

TS loves receiving updates from the International Financial Reporting Standards Foundation.

As if the IFRS bods didn’t have enough on their plate, they insist on strangling every press release with a thicket of grandiose statements and wordy explanations.

A choice example: “Those interrelated reviews are being conducted independently in a manner consistent with their separate but linked Constitutional responsibilities.” Joy.

TS wonders whether the impenetrable prose is calculated deflect attention from the crux of the release – which, in recent weeks, has included a six-month extension to the convergence timetable, and a navel-gazing ten year review.

Someone pass the popcorn.

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