Learn how International Financial Reporting Standards (IFRS) create global accounting consistency, enabling transparent and comparable financial reports in 169 jurisdictions.

Accounting principles are the rules that public companies must use when preparing and disclosing their Accounting principles ...

With the increasing acceptance of IFRS in the global economy and its possible adoption in the U.S., CPAs are keenly interested in developing a broader understanding of international standards. A major ...

OSFI is updating regulatory returns for every federally regulated insurer in Canada, with revised filings expected starting ...

Since the European Union’s 2002 regulation mandating IFRS for EU public companies and the execution of the Norwalk Agreement by FASB and the International Accounting Standards Board (IASB), momentum ...

The International Financial Reporting Standards developed by the International Accounting Standards Board present guidelines for reporting the financial activities of a business. Similar to generally ...

The International Accounting Standards Board issued a set of amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures, enabling it to complete the catch-up work it had planned to ...

IFRS 18 does not change the accounting rules for recognising revenue, valuing assets or measuring expenses. Instead, it changes the layout and discipline of financial reporting. Accounting rules ...

Recent amendments to tax legislation in SA, combined with sweeping changes to the accounting reporting landscape brought about by significant new standards such as IFRS 9, have created complex and ...