Latest News - Standards
European accounting bodies seek feedback on lease accounting changes
The European Financial Reporting Advisory Group (EFRAG), the UK Financial Reporting Council, the French Autorité des Normes Comptables, the German.... read more
CFOs should encourage innovation
A report published by the Chartered Institute of Management Accountants (CIMA) and the American Institute of Certified Public Accountants (AICPA).... read more
GRI launches G4 guidelines
The Global Reporting Initiative (GRI) has launched the fourth generation (G4) of its sustainability reporting guidelines.. read more
FASB seeks comments on GAAP taxonomy changes
The Financial Accounting Standards Board (FASB) has asked for comment on proposed structural changes to the US GAAP taxonomy.. read more
ACCA welcomes IAASB proposals on audit quality
The Association of Chartered Certified Accountants (ACCA) has given its approval to proposals on audit quality made by the International Auditing.... read more
Joint lease accounting proposal issued
The second exposure draft on the proposed lease accounting changes has been published jointly today by the global and US accounting standard.... read more
Improvements needed in IFRS effects analysis and education: EFRAG chairman
The adoption of IFRS has contributed to improving the quality of financial reporting in Europe in the past decade, however improvements in effects.... read more
IASB launches survey on changes to IFRS 9
Input has been asked of all IFRS stakeholders in a survey concerning amendments to the classification of financial assets within the November 2012.... read more
More than 75% of governments still use cash accounting: PwC
Only 24% of governments globally use accrual accounting, according to a recent survey by PwC.. read more
ACCA calls for more education and consideration from FRC on auditor’s report
The Association of Chartered Certified Accountants (ACCA) has called for the UK Financial Reporting Council (FRC) to allow more time for “education.... read more
Russia calls for new ‘integrated form of reporting’
Russian consultancy Da Strategy calls for a new ‘integrated’ form of reporting in the country.. read more
IASB consults on easier rate-regulated IFRS transition
The International Accounting Standards Board (IASB) has proposed to ease the transition to IFRS for entities subject to rate regulation.. read more
Golden takes FASB top spot
Russell Golden has been appointed chairman of the US Financial Accounting Standards Board (FASB) by the Financial Accounting Foundation trustees.. read more
FASB issues standard for liquidation processes
The Financial Accounting Standards Board (FASB) has issued an amended standard to clarify the financial reporting of companies engaged in.... read more
IIRC launches integrated reporting framework consultation
The International Integrated Reporting Council (IIRC) has launched its long-awaited consultation draft of the integrated reporting (
EC endorses IASB amendments to IFRS 10
The European Commission (EC) has passed regulation which brings into force the amendments the International Accounting Standards Board (IASB) had.... read more
FASB issues update on discontinued operations reporting standard
The US Financial Accounting Standards Board (FASB) has issued a standard update aimed at improving financial reporting about discontinued.... read more
ICAI draws up IFRS roadmap for Indian banks
The Institute of Chartered Accountants of India (ICAI) has endorsed IFRS implementation for banks by submitting recommendations, dubbed as a.... read more
IASB proposes partial amendments to IAS 19
The International Accounting Standards Board (IASB) has issued an exposure draft in which it proposes limited amendments to IAS 19 Employee Benefits.. read more
Accounting groups release background paper on business model reporting
The Chartered Institute of Management Accountants (CIMA), the International Federation of Accountants (IFAC) and PwC have released a paper on the.... read more
