Search Results for: IASB
IASB amends IAS 16 Property and IAS 38 Intangible Assets
May 14th, 2014
The International Accounting Standards Board (IASB), has published amendments to IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets. IAS 16 and IAS 38 both establish the principle for the basis of depreciation and amortisation as being the ...
IASB agrees standard-setting charter of co-operation
May 12th, 2014
The IASB has published an updated charter establishing key principles of co-operation between the IASB, national standard-setters and other accounting standard-setting bodies, represented by the International Forum of Accounting Standard Setters (IFASS). The principles established by the charter are ...
IASB agrees charter of mutual co-operation with accounting standard-setting community
May 8th, 2014
The International Accounting Standards Board (IASB) today published an updated Charter establishing key principles of co-operation between the IASB and national standard-setters and other accounting standard-setting bodies, represented by the International Forum of Accounting Standard Setters (IFASS). The principles ...
IASB starts ‘long journey’ to overhaul macro hedging
April 22nd, 2014
THE WAY banks account for financial risk is to fundamentally change as part on an overhaul to macro hedge accounting proposed by the IASB. Banks generally manage interest rate risk on a portfolio basis but are required to use ...
EU approves IASB funding with strings attached
March 19th, 2014
EUROPEAN POLITICIANS have voted to approve EU funding for the body that oversees the setting of global accounting standards, but with the proviso the funding could be pulled if it fails to meet certain conditions. The funds, which equate ...
ESMA reports on EU Accounting enforcement in 2016
April 10th, 2017
The European Securities and Markets Authority (ESMA) has published its annual report on the enforcement and regulatory activities of accounting enforcers within the European Union (EU) in 2016. ESMA, in 2016, continued strengthening supervisory convergence in the area of ...
Rising demand for chartered accountants in Middle East
March 9th, 2017
As business models become more complex and sophisticated, every enterprise needs qualified professionals to help them invest, develop and grow prudently. Since 1961, The Institute of Chartered Accountants of Pakistan (ICAP) has been playing a pivotal role in meeting ...
Thomson Reuters Reports First-Quarter 2016 Results
April 27th, 2016
Thomson Reuters (TSX / NYSE: TRI) today reported results for the first quarter ended March 31, 2016. The company also re-affirmed its 2016 full-year outlook. Reported revenues declined 1%. Before currency, revenues grew 1% Excluding recoveries, revenues increased 2% ...
FASB issues an Accounting Standards Update
February 29th, 2016
FASB issues new Quidance on Lease Accounting The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as ...
Tokyo Stock Exchange data shows voluntary adoption of IFRS by Japanese companies continues to grow
September 22nd, 2015
The Tokyo Stock Exchange (TSE) has released data showing that 112 companies, accounting for a quarter of the market capitalisation, have adopted or plan to adopt International Financial Reporting Standards (IFRS) and that nearly 200 further companies are actively ...
