The Institute of Chartered Accountants of
Scotland (ICAS) has produced a framework to assist both auditors
and preparers of accounts apply judgement under IFRS. 

Following ICAS’ previous work with the Chinese
Institute of Certified Public Accountants, the institute developed
its “Professional Judgement Framework” to consider the demands
China now faces in recently adopting the IFRS principles.

ICAS president David Tweedie believes the
framework enables a more professional judgement to be created from
the principle-based IFRS.

“Confidence in the accountancy profession and
in principles-based standards requires the profession to
demonstrate that it is capable of making sound judgements” Tweedie

He added that the framework is “vital” for the
future of Accounting.


How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.