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IASB Releases Guidance on Application of IFRS 9 During Time of Uncertainty Due to COVID-19 Pandemic


The International Accounting Standards Board (IASB) has released the document, IFRS 9 and COVID-19—Accounting for Expected Credit Losses Applying IFRS 9 Financial Instruments in the Light of Current Uncertainty Resulting from the COVID-19 Pandemic.

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Grant Thornton Appoints New Leaders to Audit Quality & Risk Leadership Team

CPA Practice

He previously served as a member of the Financial Accounting Standards Board’s Current Expected Credit Losses Transition Resource Group and the International Accounting Standards Board’s International Financial Reporting Standards 9 Impairment Transition Group.

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Preparing for Upcoming ESG Disclosure Requirements


ESG Disclosure Standards To navigate the evolving landscape of ESG reporting standards, companies must proactively integrate the forthcoming disclosure requirements into their reporting processes. International accounting standards will require sustainability disclosure alongside finance statements.

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Friday Footnotes: New Managers Share Wisdom; KPMG Praised??; PwC Creeps Leave | 7.22.22

Going Concern

Global Rulemakers Say It’s Time to Fix Goodwill Accounting [ Bloomberg Tax ] The International Accounting Standards Board said Thursday that it would decide whether to change the rules covering acquisition accounting at its next meeting.

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The Path to Sustainable Mining: Leveraging Digital Strategies to Prepare for the Future of ESG Assurance


International accounting standards will require sustainability disclosure alongside finance statements. Furthermore, these reporting standards will require the adoption of internal controls that can support an independent audit.

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Bridging The Accounting Gap For Lessors And Lessees


The International Accounting Standards Board introduced a significant overhaul to lease accounting standards , and while the changes went into effect at the start of 2019, corporates continue to face challenges to adhere to the standards and remain compliant.

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What Is ASC 606, and How Will It Impact My Company?

inDinero Tax Tips

However, you should make an exception for “Accounting Standards Codification Topic 606: Revenue from Contracts with Customer” often referred to as ‘ASC 606’ or ‘FASB ASC 606’ What Is ASC 606? The new standard significantly changes how companies recognize and report their revenue.

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