FASB votes to defer revenue recognition standard
Accounting Standards

FASB votes to defer revenue recognition standard

10y Richard Crump , Writer

FASB votes to defer revenue recognition standard

US standard setters gives companies extra time to implement new revenue recognition accounting rules Read More...

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MEPs and EC at loggerheads over IFRS review
Accounting Standards

MEPs and EC at loggerheads over IFRS review

10y Richard Crump , Writer

MEPs and EC at loggerheads over IFRS review

EC must fully review legality of IFRS, how the IASB is run and demand full disclosure of all costs and expenses incurred by the IFRS Foundation, MEPs ...

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MEPs urge EC to investigate conflicts between IFRS and EU law
Accounting Standards

MEPs urge EC to investigate conflicts between IFRS and EU law

10y Richard Crump , Writer

MEPs urge EC to investigate conflicts between IFRS...

EU politicians urge full review of the compatibility of global accounting rules with EU law, in letter seen by Accountancy Age Read More...

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FASB considers delay to revenue recognition rules
Accounting Standards

FASB considers delay to revenue recognition rules

10y Richard Crump , Writer

FASB considers delay to revenue recognition rules

US standard setter considering whether to delay the date by which companies must shift to new rules around revenue recognition Read More...

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IASB pledges to maintain ‘strong’ bilateral relationship with FASB
Accounting Standards

IASB pledges to maintain ‘strong’ bilateral relationship with FASB

10y Richard Crump , Writer

IASB pledges to maintain ‘strong’ bilateral relati...

IASB vice-chairman Ian Mackintosh heralds achievements of convergence project at AICPA conference Read More...

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IASB seeks to widen global investor engagement in IFRS
Accounting Standards

IASB seeks to widen global investor engagement in IFRS

10y Chris Warmoll , Writer

IASB seeks to widen global investor engagement in ...

IASB seeks greater participation from international buy-side investor community Read More...

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Mackintosh predicts period of calm for financial reporting
Accounting Standards

Mackintosh predicts period of calm for financial reporting

10y Chris Warmoll , Writer

Mackintosh predicts period of calm for financial r...

Ian Mackintosh, IASB vice-chairman, said that "after a decade of almost continuous change in financial reporting, we could have some relative calm" Re...

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IASB confirms line-up of IFRS 9 implementation group
Accounting Standards

IASB confirms line-up of IFRS 9 implementation group

10y Richard Crump , Writer

IASB confirms line-up of IFRS 9 implementation gro...

The 12-strong panel includes members of the Big Four, along with representatives from Barclays, Bank of China and Deutsche Bank Read More...

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Ex-KPMG senior partner to head Grant Thornton assurance
Accounting Firms

Ex-KPMG senior partner to head Grant Thornton assurance

10y Naomi Rainey

Ex-KPMG senior partner to head Grant Thornton assu...

Andrew Vials leaves KPMG technical reporting role to lead GT’s National Assurance Services Read More...

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IFRS ‘disconnected’ from true and fair, investors claim
Accounting Standards

IFRS ‘disconnected’ from true and fair, investors claim

10y Richard Crump , Writer

IFRS ‘disconnected’ from true and fair, investors ...

Group of institutional investors claim IFRS disconnected from the requirements for true and fair accounts Read More...

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IFRS 9 leaves much open to interpretation
Accounting Standards

IFRS 9 leaves much open to interpretation

10y Richard Crump , Writer

IFRS 9 leaves much open to interpretation

Judgement will play a key part in implementing new financial instruments standards, finds Richard Crump Read More...

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IASB scraps dual lease accounting model
Accounting Standards

IASB scraps dual lease accounting model

10y Richard Crump , Writer

IASB scraps dual lease accounting model

IASB reverts to single model for lease expenses, scrapping the dual approach agreed with US counterpart FASB last year Read More...

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Banks take a forward view of losses under new IFRS rule
Accounting Standards

Banks take a forward view of losses under new IFRS rule

10y Richard Crump , Writer

Banks take a forward view of losses under new IFRS...

IASB issues finished financial instruments accounting standard, but fails in convergence attempts with FASB Read More...

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FRC reveals ‘struggle’ in IASB discussions
Accounting Standards

FRC reveals ‘struggle’ in IASB discussions

10y Naomi Rainey

FRC reveals ‘struggle’ in IASB discussions

Working with international standards body "like pushing water uphill", Haddrill admits Read More...

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IFRS chair opens door for 'prudence' reintroduction
Accounting Standards

IFRS chair opens door for 'prudence' reintroduction

10y Richard Crump , Writer

IFRS chair opens door for 'prudence' reintroductio...

IFRS Foundation chair suggests prudence should be reinserted into conceptual framework Read More...

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Interview: Michel Prada defends IFRS Foundation governance
Corporate Governance

Interview: Michel Prada defends IFRS Foundation governance

10y Richard Crump , Writer

Interview: Michel Prada defends IFRS Foundation go...

Michel Prada tells Accountancy Age that criticism of IFRS Foundation governance structure is 'unfair' Read More...

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Conceptual differences hamper lease accounting project
Accounting Standards

Conceptual differences hamper lease accounting project

10y Naomi Rainey

Conceptual differences hamper lease accounting pro...

Attempts by IASB and FASB to hammer out new lease accounting standard hampered by 'conceptual difference of opinion', finds Naomi Rainey Read More...

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Taking Stock: IFRS pocket guide unlikely to end on Carney's book shelf
Accounting Standards

Taking Stock: IFRS pocket guide unlikely to end on Carney's book shelf

10y Taking Stock

Taking Stock: IFRS pocket guide unlikely to end on...

Bank of England governor at a loss over what to do with IFRS pocket guide Read More...

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Draghi tells EU to 'progress swiftly' in adopting IFRS 9
Accounting Standards

Draghi tells EU to 'progress swiftly' in adopting IFRS 9

10y Richard Crump , Writer

Draghi tells EU to 'progress swiftly' in adopting ...

European Central Bank president Mario Draghi tells policymakers in Europe to ‘progress swiftly in the adoption of IFRS 9' Read More...

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IASB forms working group ahead of IFRS loss model launch
Accounting Standards

IASB forms working group ahead of IFRS loss model launch

10y Naomi Rainey

IASB forms working group ahead of IFRS loss model ...

Group will focus on requirements for impairment of financial instruments under IFRS 9 Read More...

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ACCA calls for IFRS 3 to be reconsidered
Accounting Standards

ACCA calls for IFRS 3 to be reconsidered

11y Richard Crump , Writer

ACCA calls for IFRS 3 to be reconsidered

Accounting standard for the acquisition of businesses combinations needs reconsidering, says global accountancy body Read More...

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FRC: True and fair overrides accounting standards
Accounting Standards

FRC: True and fair overrides accounting standards

11y Richard Crump , Writer

FRC: True and fair overrides accounting standards

FRC reconfirms that a true and fair view remains fundamental requirement of financial reporting Read More...

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Regulators publish new global revenue accounting standard
Accounting Standards

Regulators publish new global revenue accounting standard

11y Richard Crump , Writer

Regulators publish new global revenue accounting s...

Way companies account for revenue overhauled by global and US standard setters, in major step towards creating a converged set of international accoun...

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IASB agrees standard-setting charter of co-operation
Accounting Standards

IASB agrees standard-setting charter of co-operation

11y Richard Crump , Writer

IASB agrees standard-setting charter of co-operati...

Principles of co-operation between the IASB, national standard-setters and other accounting standard-setting bodies published Read More...

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IASB launches dedicated research facility
Accounting Standards

IASB launches dedicated research facility

11y Richard Crump , Writer

IASB launches dedicated research facility

IFRS Research Centre launched to create more evidence-based reporting standard setting Read More...

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IASB starts ‘long journey’ to overhaul macro hedging
Accounting Standards

IASB starts ‘long journey’ to overhaul macro hedging

11y Richard Crump , Writer

IASB starts ‘long journey’ to overhaul macro hedgi...

"Fearsomely complex" approach to macro hedging under IFRS to be simplified by global standard setter Read More...

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MEP calls for independent review into IASB
Accounting Standards

MEP calls for independent review into IASB

11y Richard Crump , Writer

MEP calls for independent review into IASB

Syed Kamall wants EC to commission review into international accounting standard setter - "similar" to Philippe Maystadt's review of Efrag Read More...

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