Accounting Standards
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Jul- 2021 -21 July
GASB issues RED to improve notes to financial statements
The Governmental Accounting Standards Board (GASB) has issued a proposed concepts statement intended to guide the board when establishing note…
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20 July
FASB releases ASU to improve lessor’s accounting
The Financial Accounting Standards Board (FASB) has released an accounting standards update (ASU) to improve a lessor’s accounting for certain…
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8 July
Role of accountants in risk management changing, says ACCA
The role of accountants in regards to risk management is changing due to the Covid-19 pandemic, environmental sustainability and worldwide…
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5 July
FASB strengthens Emerging Issues Task Force
The Financial Accounting Standards Board (FASB) has announced the appointment of Jack Ciesielski and Brandon Coleman to its Emerging Issues…
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Jun- 2021 -30 June
IFAC issues support for IOSCO’s sustainability report
The International Federation of Accountants (IFAC) has issued its support for the International Organization of Securities Commissions’ (IOSCO) recent sustainability…
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28 June
FASB invites stakeholders to share views on future agenda
The Financial Accounting Standards Board has published an invitation to comment (ITC) that gives stakeholders the opportunity to give feedback…
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25 June
IFAC partners with global health leaders
The International Federation of Accountants (IFAC) has announced its latest partnership with global health leaders, Gavi, the Vaccine Alliance and…
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24 June
Lack of standardization in sustainability assurance, says IFAC
A recent study by the International Federation of Accountants (IFAC), in partnership with the AICPA and CIMA (representing the Association…
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23 June
IFRS launches Technical Readiness Working Group
Trustees of the International Reporting Standards (IFRS) Foundation have announced the launch of its new Technical Readiness Working Group (TRWG),…
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22 June
Half of accounts do not refer to SDC as assets, says ACCA
Around half of accounts from companies worldwide do not refer to Software Development Costs (SDC) as assets in their financial…
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