Search Results for: IASB
Deloitte appoints Alan Teixeira as global IFRS research director
August 10th, 2015
Former IASB senior technical director to establish new Deloitte IFRS research initiative Deloitte, the business advisory firm, has appointed Alan Teixeira as global director of international financial reporting standards (IFRS) research. As a leading technical expert in developing global ...
EU report: international accounting rules did not worsen 2008 crisis
June 22nd, 2015
The European Commission said on Friday there was no clear evidence that adopting international accounting rules made the bloc’s banking crisis worse and that its benefits outweighed the costs. The independent International Accounting Standards Board (IASB) rules replaced a ...
Investors Leery of Separate Accounting Standards for Private Companies
May 19th, 2015
The majority of investors are apprehensive about the creation of separate accounting standards for private companies, and the argument in favor of such standards “doesn’t withstand scrutiny,” according to a new report by the CFA Institute. The study, Addressing Financial Reporting ...
Speech by Hans Hoogervorst: ‘Bad accounting breeds bad policies’
March 16th, 2015
Speaking today at the NAPF Investment Conference in Edinburgh, Scotland, Hans Hoogervorst, Chairman of the International Accounting Standards Board (IASB), said everybody is best served by accounting that reflects the economic reality, even if it makes for uncomfortable reading. ...
IFRS improves cross-border financial communication – consistency is key
February 2nd, 2015
With debate around the rationale for global accounting standards continuing throughout 2014, there is still concern expressed about the use of International Financial Reporting Standards (IFRS), with some policymakers around the world preferring a less committal form of global ...
7 risk areas for the 2014 audit cycle
December 5th, 2014
Revenue recognition, internal control over financial reporting, and professional skepticism are among the seven key areas for 2014 audit consideration, according to an alert sent Thursday by the Center for Audit Quality (CAQ). The alert is designed to help ...
Islamic finance body AAOIFI to revise four standards, eyes sukuk
November 20th, 2014
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will revise four of its standards in the first half of next year while expanding its guidance for Islamic bonds, the industry body said. Earlier this month, AAOIFI issued ...
Islamic finance body AAOIFI to discuss global accounting standards
November 18th, 2014
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) is engaging its counterpart in conventional finance to discuss the convergence of corporate accounting standards. The move is a shift in approach by AAOIFI, which has traditionally developed accounting standards ...
New accounting standard rule against banks’ losses from loans
August 11th, 2014
A new international accounting standard, IFRS 9, will set as requirement that banks should set aside more money in order to protect against losses from customers who can’t repay loans. The new rule will come into effect in 2018 ...
IFRS Foundation and ESMA sign joint Statement of Protocols
July 15th, 2014
The IFRS Foundation and the European Securities and Markets Authority (ESMA) today announced the agreement of a joint Statement of Protocols to serve as the basis for future co operation in areas of mutual interest. The IFRS Foundation, through ...
