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Latest News - Standards

FASB proposes guidance on going concern uncertainties

  • Author: Jonathan Minter
  • Published: 27 Jun 2013

The US Financial Accounting Standards Board (FASB) has issued a proposed Account Standard Update, Presentation of Financial Statements (Topic 205):.... read more

IASB issues proposals on bearer plants

  • Published: 26 Jun 2013

The International Accounting Standards Board (IASB) have published for public comment an exposure draft of proposals to include bearer plants.... read more

EFRAG to field test Insurance Contracts proposals

  • Author: TA editorial
  • Published: 25 Jun 2013

In response to International Accounting Standards Board’s (IASB) Insurance Contracts Exposure Draft (ED) issued last week the European Financial.... read more

Stakeholders welcome IASB proposals but warn of complexity

  • Author: TA editorial
  • Published: 24 Jun 2013

Stakeholders have widely welcomed the issuing of the International Accounting Standards Board’s (IASB) revised exposure draft (ED) on Insurance.... read more

IASB issues revised Insurance Contracts proposals

  • Author: IAB editorial
  • Published: 20 Jun 2013

The International Accounting Standards Board (IASB) published for public comment a revised exposure draft of proposals for the accounting for.... read more

FASB defers certain disclosures for non-public employee benefit plans

  • Author: Jonathan Minter
  • Published: 13 Jun 2013

The Financial Accounting Standards Board (FASB) has voted to indefinitely defer certain disclosures about investments held by a non-public employee.... read more

Volunteers wanted for the 2013 XBRL industry practice project

  • Author: TA editorial
  • Published: 11 Jun 2013

The International Accounting Standards Board (IASB) eXtensible Business reporting language (XBRL) team is re-establishing a project to examine and.... read more

Mixed response to separate SME guidance

  • Published: 10 Jun 2013

There has been a mixed response to the UK Financial Reporting Council (FRC)’s announcement last week that it will issue separate, simplified.... read more

FASB issues standard update for investment companies

  • Author: TA editorial
  • Published: 10 Jun 2013

The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) for determining whether a public or private company.... read more

More than two-thirds of investors don't trust company reports

  • Published: 6 Jun 2013

A recent study, Understanding Investors: directions for corporate reporting, by the Association of Chartered Certified Accountants (ACCA) revealed.... read more

FRC to issue separate guidance on going concern for SMEs

  • Author: Jonathan Minter
  • Published: 6 Jun 2013

The UK Financial Reporting Council (FRC) will issue separate, simplified guidance for SMEs when it develops guidance to support the principles.... read more

UN takes a ‘report or explain’ approach on sustainability reporting

  • Author: Jonathan Minter
  • Published: 4 Jun 2013

The United Nations (UN) High-level Panel of Eminent Persons on the Post-2015 Development Agenda has proposed a ‘report or explain’ approach on.... read more

UK FRC revises ISA 700

  • Published: 4 Jun 2013

The UK Financial Reporting Council (FRC) has issued revisions to ISA 700: 'The Independent Auditor's Report on Financial statements'.. read more

ACCA embraces GRI's G4 guidelines

  • Published: 3 Jun 2013

The Association of Chartered Certified Accountants (ACCA) has praised the fourth generation of sustainability reporting guidelines (G4) launched by.... read more

JICPA issues public sector financial accounting report

  • Published: 30 May 2013

The Japanese Institute of Certified Public Accountants (JICPA) has issued a report on public sector financial accounting and auditing as a way to.... read more

FAF releases review of statement 141R

  • Author: TA editorial
  • Published: 28 May 2013

The Financial Accounting Foundation (FAF) has completed its Post-Implementation Review (PIR) of FASB Statement 141R, Business Combinations. The.... read more

UNGC and GRI renew cooperation agreement

  • Author: Nicola Maher
  • Published: 24 May 2013

AMSTERDAM: The United Nations Global Compact (UNGC) and the Global Reporting Initiative (GRI) have today renewed their cooperation agreement with.... read more

Sustainability reporting fundamental for sustainable development: KPMG

  • Author: Nicola Maher
  • Published: 24 May 2013

AMSTERDAM: Sustainability reporting plays a fundamental role in contributing to governments' efforts in advancing towards sustainable development,.... read more

ACCA gives views on PCAOB’s reorganisation of auditing standards

  • Published: 23 May 2013

The Association of Chartered Certified Accountants (ACCA) has backed the US Public Company Oversight Board's (PCAOB) consultation framework about.... read more

Barnier calls for more transparency across EU

  • Author: Nicola Maher
  • Published: 23 May 2013

AMSTERDAM: European Commissioner for internal market and services Michel Barnier calls for increased accountability and transparency if Europe is.... read more

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