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Featured News

Getting to grips with IFRS 16? No time to waste

January 16, 2020 - Any company with a portfolio of leased assets will be working through the full implications of the new standard, IFRS 16 Leases, applicable for the first time in 2019.

IFRS news archive

January 13, 2020 - Need-to-know information on international standards in the accounting and regulatory space.

How Internal Audit plays a vital role in IFRS 17 implementation

January 10, 2020 - Due to the complexity of IFRS 17, it is important that Internal Audit has a "seat at the table" throughout implementation programs.

Will IFRS 17 help you transform to thrive, or simply survive?

January 6, 2020 - IFRS 17 implementation: finding transformative opportunities amid the compliance challenge.

How the DECL recommendations on IFRS 9 could affect credit risk disclosures

December 23, 2019 - The UK Taskforce for disclosures on IFRS 9 Expected Credit Loss disclosures (the 'Taskforce') issued its second report on 13 Dec 2019.

How auditors can stay independent while advising on revenue recognition

December 13, 2019 - One of the most difficult challenges for some auditors as 2019 comes to an end is maintaining their independence amid the frustration and confusion of their clients over the implementation of FASB's new revenue recognition standard.

FASB addressing liabilities and equity complexity, goodwill

December 10, 2019 - An effort to reduce complexity and a potentially challenging debate are imminent for FASB as board Chairman Russell Golden nears the end of his term.

IASB proposes major revamp to financial reporting

December 8, 2019 - The International Accounting Standards Board proposed changes to financial statements aimed at making them more comparable, and at bringing greater transparency to "non-GAAP" measures.

IASB, GASB address interbank-offered rate phaseout

December 1, 2019 - The standard setters are preparing for transaction-based rates.

IFRS Videos
Importance of Global Standards
Robert L. Shanks, Vice President and Controller of Ford Motor Company, speaks about the importance to Ford of a single set of high quality, understandable, enforceable and globally accepted financial reporting standards.

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Who Issues IFRS?

International Financial Reporting Standards (IFRS) is a set of accounting standards, developed by the International Accounting Standards Board (IASB), that is becoming the global standard for the preparation of public company financial statements.The IASB is an independent accounting standards body, based in London, that is unaffiliated with the AICPA, AICPA Store or this website.