IFRS 17: On the 9th of March, Hans Hoogervorst, Chair of the IASB, delivered a speech at a meeting of IFASS titled: “The Balancing Act of Finding the Right Accounting Answer.” He reflected on his 10-year tenure, as it comes to an end …
On the 3rd of June, Hans Hoogervorst, Chair of the IASB delivered his farewell speech at the IFRS Foundation Virtual Conference 2021 titled: “Final Observations of an Accidental Accountant”. He reflected on his 10-year tenure; how IFRS Standards have evolved during that time; and on the …
On the 29th of June, Erkki Liikanen, Chair of the IFRS Foundation Trustees, delivered a keynote speech at CFA Institute’s Global Financial Regulatory Symposium titled: “Is There A Path To Global Sustainability Standards?” He talked about the Foundation’s work to meet the information needs of investors and other …
IFRS 11 Joint Arrangements is an accounting standard that sets out the principles for accounting for joint arrangements, including joint ventures and joint operations. It was issued by the International Accounting Standards Board (IASB) in May 2011 and became effective …
IFRS 10 is an important accounting standard that sets out the principles for the presentation and preparation of consolidated financial statements. The standard provides guidance on how to consolidate financial statements for a parent company and its subsidiaries. It is …
IFRS 12 is a standard that provides guidance on the disclosure of information about an entity’s interests in other entities, including subsidiaries, associates, joint ventures, and structured entities. The standard aims to improve transparency and comparability of financial information by …