ESMA: More than 20% of issuers made disclosure errors in 2015
Accounting Standards

ESMA: More than 20% of issuers made disclosure errors in 2015

9y Calum Fuller , Reporter

ESMA: More than 20% of issuers made disclosure err...

In all, enforcement action was taken against 40 issuers over problems in the disclosure of assumptions and judgements, the European Securities and Mar...

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FASB publishes US leasing standard
Accounting Standards

FASB publishes US leasing standard

9y Calum Fuller , Reporter

FASB publishes US leasing standard

FASB's and IASB works towards a unified leasing standard, but could not converge Read More...

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IASB reappoints chairman Hoogervorst
Accounting Standards

IASB reappoints chairman Hoogervorst

9y Calum Fuller , Reporter

IASB reappoints chairman Hoogervorst

While Hoogervorst is set for a second term, vice chairman Ian Mackintosh is to step down once his term expires Read More...

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Friday Afternoon Live: IFRS lease accounting and Dame Lin Homer's departure from HMRC
Accounting Standards

Friday Afternoon Live: IFRS lease accounting and Dame Lin Homer's departure...

9y Accountancy Age

Friday Afternoon Live: IFRS lease accounting and D...

Now Contentive's head of editorial, Kevin Reed discusses the week's news Read More...

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New lease accounting rule brings $3trn onto company balance sheets
Accounting Standards

New lease accounting rule brings $3trn onto company balance sheets

9y Calum Fuller , Reporter

New lease accounting rule brings $3trn onto compan...

Nearly all leases must be brought onto company balance sheets in major overhaul of lease accounting rules Read More...

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IASB postpones accounting changes for associates and joint ventures
Accounting Standards

IASB postpones accounting changes for associates and joint ventures

9y Richard Crump , Writer

IASB postpones accounting changes for associates a...

Postponement applies to changes introduced by the IASB in 2014 through narrow-scope amendments to IFRS 10 and IAS 28 Read More...

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IASB plans temporary IFRS reliefs for insurers
Accounting Standards

IASB plans temporary IFRS reliefs for insurers

9y Richard Crump , Writer

IASB plans temporary IFRS reliefs for insurers

IASB proposes changes to provide temporary reliefs for insurers to address consequences of the different effective dates of the IFRS 9 and IFRS 4 Read...

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IASB told to reconsider proposed changes to its conceptual framework
Accounting Standards

IASB told to reconsider proposed changes to its conceptual framework

9y Richard Crump , Writer

IASB told to reconsider proposed changes to its co...

FRC and ICAEW critical of IASB's efforts to reinstate prudence into its conceptual framework Read More...

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China to explore further use of IFRS
Accounting Standards

China to explore further use of IFRS

9y Richard Crump , Writer

China to explore further use of IFRS

IASB and Chinese Ministry of Finance form joint working group to explore ways and steps to advance the use of IFRS within China Read More...

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IASB moves to help management understand materiality
Accounting Standards

IASB moves to help management understand materiality

9y Richard Crump , Writer

IASB moves to help management understand materiali...

IASB publishes draft guidance to help management apply the concept of materiality Read More...

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IASB to consult on interim measures for IFRS 9
Accounting Firms

IASB to consult on interim measures for IFRS 9

9y Chris Warmoll , Writer

IASB to consult on interim measures for IFRS 9

THE IASB is to consult on a package of temporary measures to address issues arising from the application of the financial instruments standard before ...

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Hoogervorst says IFRS9 will lead to fundamental change
Accounting Standards

Hoogervorst says IFRS9 will lead to fundamental change

9y Chris Warmoll , Writer

Hoogervorst says IFRS9 will lead to fundamental ch...

Some critics believe IFRS 9 lacks teeth and banks should be forced to recognise lifetime losses on day loans are extended Read More...

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IFRS expert Teixeira joins Deloitte
Accounting Standards

IFRS expert Teixeira joins Deloitte

9y Richard Crump , Writer

IFRS expert Teixeira joins Deloitte

Alan Teixeira, a leading technical expert in developing global accounting standards, will lead a new Deloitte IFRS research initiative Read More...

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IASB plans to clarify revenue recognition rules
Accounting Firms

IASB plans to clarify revenue recognition rules

9y Richard Crump , Writer

IASB plans to clarify revenue recognition rules

Proposed amendments address concerns raised by preparers at meetings of IFRS 15 transition group Read More...

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IFRS Foundation launches review into its governance
Accounting Standards

IFRS Foundation launches review into its governance

9y Richard Crump , Writer

IFRS Foundation launches review into its governanc...

Global accounting standard setter set to review its governance, financing and effectiveness Read More...

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Taking Stock: Robespierre, the IASB, historical cost and fair value
Accounting Standards

Taking Stock: Robespierre, the IASB, historical cost and fair value

9y Taking Stock

Taking Stock: Robespierre, the IASB, historical co...

Unfortunately for Louis XVI, the Compte Rendu made pain fully clear where the priorities of the French state lay Read More...

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FRC makes way as IASB refreshes advisory forum members
Accounting Standards

FRC makes way as IASB refreshes advisory forum members

9y Chris Warmoll , Writer

FRC makes way as IASB refreshes advisory forum mem...

IASB refreshes ASAF membership with the FRC among those making way for new entrants Read More...

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Nearly half of financial institutions at risk of missing 2018 IFRS 9 deadline
Accounting Standards

Nearly half of financial institutions at risk of missing 2018 IFRS 9 deadli...

10y Chris Warmoll , Writer

Nearly half of financial institutions at risk of m...

Despite the fact that full compliance with new IFRS 9 rules is estimated to take between two and three years to complete, majority have only just sta...

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IASB restores concept of prudence to financial reporting
Accounting Standards

IASB restores concept of prudence to financial reporting

10y Richard Crump , Writer

IASB restores concept of prudence to financial rep...

IASB bows to pressure and reintroduces an explicit reference to prudence in its conceptual framework Read More...

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IASB calls for one year deferment on IFRS 15 Revenue from Contracts with Customers
Accounting Standards

IASB calls for one year deferment on IFRS 15 Revenue from Contracts with Cu...

10y Chris Warmoll , Writer

IASB calls for one year deferment on IFRS 15 Reven...

The international accounting standards setter says main reason for the proposed deferral is the IASB is planning to issue an exposure draft of targete...

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IFRS 9 could hike banks’ loan loss provisioning by 50%
Accounting Standards

IFRS 9 could hike banks’ loan loss provisioning by 50%

10y Richard Crump , Writer

IFRS 9 could hike banks’ loan loss provisioning by...

Global banks are increasingly concerned that new IFRS 9 rules on credit exposures will lead to a dramatic increase in loan loss provision Read More...

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IFRS Foundation announces new appointments to its interpretations committee
Accounting Standards

IFRS Foundation announces new appointments to its interpretations committee

10y Chris Warmoll , Writer

IFRS Foundation announces new appointments to its ...

Jongsoo Han and Robert Uhl have both been appointed for a three-year term kicking off on 01 July 2015 Read More...

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A tale of two income statements - why investors should scrutinise OCI
Accounting Standards

A tale of two income statements - why investors should scrutinise OCI

10y Accountancy Age

A tale of two income statements - why investors sh...

There needs to be greater investor scrutiny of OCI line items, writes Vincent Papa Read More...

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EFRAG gets political as Wolf Klinz named president
Accounting Standards

EFRAG gets political as Wolf Klinz named president

10y Richard Crump , Writer

EFRAG gets political as Wolf Klinz named president

EFRAG's new president willing to challenge the IASB over IFRS endorsement in the EU. It will lead to better rule-making Read More...

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IFRS Foundation calls for delay to revenue recognition
Accounting Standards

IFRS Foundation calls for delay to revenue recognition

10y Richard Crump , Writer

IFRS Foundation calls for delay to revenue recogni...

IASB will consider delaying new revenue recognition standard following similar move by FASB Read More...

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New EFRAG chief signals more political approach
Accounting Standards

New EFRAG chief signals more political approach

10y Richard Crump , Writer

New EFRAG chief signals more political approach

Expect more differences between IASB and EU accounting standards, says new chief at EFRAG Read More...

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*NEW* Masterclasses: Cashflow/accounts/debt instruments under FRS 102
Accounting Firms

*NEW* Masterclasses: Cashflow/accounts/debt instruments under FRS 102

10y Kevin Reed , Writer

*NEW* Masterclasses: Cashflow/accounts/debt instru...

Accountancy Age is delighted to announce four half day masterclasses for 2015 around FRS 102, which will be run by Guy Loveday, a director and member ...

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