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February 22, 2021
IASB Plans to Extend IFRS 16 support for Lessees
The International Accounting Standards Board (IASB) recently published a consultation with regards to a proposal related with the extension in the application period of amendment to IFRS 16 Leases, by one year. The ...
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February 12, 2021
IASB Issues Reporting Guidance related to Going Concern through IFRS Foundation
The International Accounting Standards Board (IASB) recently issued guidance (through IFRS Foundation) regarding applying going concern judgments when preparing and finalizing financial statements, in light of the ...
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July 31, 2020
IASB has Deferred Amendments made to IAS 1
The International Accounting Standards Board (IASB) has decided to defer the effective date by one year of amendments to International Accounting Standard (IAS) 1 Presentation of Financial Statements regarding the ...
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July 22, 2020
IASB issues amendments to IFRS 17
Amendments to IFRS 17, Insurance Contracts, has been issued by the International Accounting Standards Board (IASB) to address implementation concerns and challenges identified after it was first introduced in May ...
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May 7, 2019
IASB consults Regarding Accounting Changes Concerning Interest Rate Benchmarks
The International Accounting Standards Board (IASB) is consulting with regards to making changes to the accounting standards that deals with financial instruments, IFRS 9 and IAS 39, in wake of the reform to major ...
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November 15, 2018
IASB Confirms One-year Delay for IFRS 17
The International Accounting Standards Board (IASB) has proposed to extend the effective date for IFRS 17 Insurance Contracts by one year.
IASB is also planning to extend the temporary exemption available for ...
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March 16, 2018
IFRS Foundation Publishes IFRS Taxonomy 2018
The IFRS Foundation recently has published the latest version of IFRS Taxonomy, which covers various updates and changes made to the IFRS Taxonomy 2017 which aids in facilitating the reporting of financial statements ...
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August 9, 2017
IASB Urged to Improve Standards-setting Processes
According to an independent study, the International Accounting Standards Board (IASB) should work to make standards more simple and easy to understand and make sure that they are released on a more consistent ...
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July 19, 2017
FSB Encourages Insurers to Act on the New Insurance Standard
The Financial Stability Board (FSB) has recently released a statement in which the professional body welcomed the new insurance standard. The new insurance standard, IFRS 17, which was issued by the International ...
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May 30, 2017
IFRS Foundation Trustees and the IASB Meets with the Japanese Stakeholders in the Wake of More Japanese companies Adopting IFRS Standards
Recently the Trustees of the IFRS Foundation and the International Accounting Standards Board (IASB) met with the Japanese stakeholders with an objective to exchange views with regards to how IASB can assist them in ...