IFRS

The group formed by SASB and the IIRC is developing ESG standards as financial regulators press for improved reporting.

The International Accounting Standards Board is looking into the standards for consolidated financial statements, or group accounting.

The International Accounting Standards Board began a consultation process in preparation for possible changes in the accounting standards for mergers and acquisitions.

Andreas Barckow was appointed Thursday by the trustees of the IFRS Foundation, as the next chair of the board, succeeding longtime chair Hans Hoogervorst in July 2021.

The International Accounting Standards Board proposed amendments to assist companies in providing useful information to investors about the effects of interest rate benchmark reform on financial statements.

The International Accounting Standards Board is considering an update to IFRS for SMEs, its stripped down version of International Financial Reporting Standards for small and midsize entities, the second major update to the standards since it was introduced in 2009.

The board wants more comparability and transparency around non-GAAP measurements.

In the area of fixed assets and the resultant depreciation there are some major differences between the GAAP rules codified in ASC Topic 360 and the IFRS rules in IAS 16.

The International Accounting Standards Board has some amendments to the standard after hearing complaints from insurers.

Bloomberg Tax & Accounting has added support for the new lease accounting standard under International Financial Reporting Standards to its product, which already supports the ASC 842 standard under U.S. GAAP.