The three tenets driving this transformation to hedge accounting under IFRS 9 are the removal of burdensome quantitative assessments such as the so-called ‘80–125% effectiveness test’, derivatives ...

With the increasing acceptance of IFRS in the global economy and its possible adoption in the U.S., CPAs are keenly interested in developing a broader understanding of international standards. A major ...

On April 9, 2024, the IASB (International Accounting Standards Board) issued IFRS 18 - Presentation and Disclosure in Financial Statements. IFRS 18 replaces IAS 1 - Presentation of Financial ...

The European Union (EU) has mandated that EU companies issuing publicly traded securities in the EU must state their accounts under International Financial Reporting Standards (IFRS or IAS) by June ...

The International Accounting Standards Board (IASB), based in London, is committed to developing a set of high quality, global accounting standards that require transparent and comparable information ...

As discussed in our KPMG Corner published last Nov. 11, 2008, the International Accounting Standards Board (IASB) issued the Amendments to International Accounting Standard (IAS) 39 Financial ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tough new rules are set to push banks to take a hit on their balance sheets for losses they expect to make in ...

Accounting and finance organizations for many multinational businesses are currently working to create plans for two separate lease accounting standards: the Financial Accounting Standards Board’s ASC ...

This article was written by Gregory van Droogenbroeck, CFA and Scott J. L. Coulter, CFA, CPA, CA for World Accounting Report. The International Financial Reporting Standard 9, or IFRS 9, represents ...

The implementation of “impairment” provisions under the newly-promulgated International Financial Reporting Standard ‘IFRS9’ from 2018, the health of Qatari banks will get strengthened further. More ...

IFRS 19 is the latest IFRS accounting standard issued in May 2024. It is a disclosure-only standard that will significantly benefit many organisations and increase the pace of the adoption of global ...

Cryptocurrencies like Bitcoin have no dedicated IFRS standard, so companies use existing rules by analogy. In 2019, the IFRS Interpretations Committee (IFRIC) ruled that because crypto is not ...