IFRS

The International Financial Reporting Standards Foundation has released a new set of data tags, while the Securities and Exchange Commission also renewed its files.

The report is part of IASB’s better communication in financial reporting initiative.

Sage appoints company veteran to EVP of partners, accountants and alliances; Cherry Bekaert promotes partner to MP; and other recent hires, promotions and personnel news from firms across the country.

The IFRS Foundation has signed a memorandum of understanding with the World Bank to help developing countries use International Financial Reporting Standards.

The IFRS Foundation, the group that oversees the International Accounting Standards Board and its work on International Financial Reporting Standards, issued its annual report for 2016 on Tuesday, with a look ahead at where global standards are expected to go this year.