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 …
We dived back into the archives all the way to 2017 to bring you the IASB Chair’s speech at the IFRS Foundation’s conference in Amsterdam titled: “IFRS 17 and Its Contribution to Financial Stability”. This topic is particularly relevant today given the volatility of the economic environment brought about …
The UNCTAD Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting was hosted on the 5th of November 2020 where Chair of the IFRS Foundation Trustees, Erkki Liikanen, made a few remarks on sustainability reporting in IFRS. This is an excerpt from …
The December 2020 IFRS for SMEs Update is now available. This edition of the IFRS for SMEs Update includes: welcome note from Jianqiao Lu; overview of feedback on the Request for Information; overview of the IFRS for SMEs Standard’s use; upcoming SMEIG meeting; and online resources. View this and …
We took a dive back into the archives all the way to 2018, when Chair of the IASB Hans Hoogervorst delivered a speech at the annual conference on regulatory developments organised by the American Institute of Certified Public Accountants. Mr Hoogervorst described the Board’s own response to the …