World Accounting Report

Each year, the Task force on Climate-related Financial Disclosures (TCFD) publishes a status report reviewing the extent to which jurisdictions around the world have committed to require companies to report on their progress in applying..

This month, the FASB published an Accounting Standards Update (ASU) that will address diversity in practice, related to the accounting for revenue contracts with customers acquired in a business combination. The ASU No 2021-08, Business..

The latest meeting of the IASB Board extended over five days and had a packed agenda covering many ongoing projects including the review of the IFRS for small and medium-sized entities (SMEs) standard, goodwill and impairment, Primary Financial..

On “Finance Day” during an event called “A Financial System for Net Zero” at the COP 26 conference in Glasgow earlier this month, Erkki Liikanen, chair of the IFRS Foundation Trustees, made a long-anticipated speech in which..