IFAC urges G20 to call for global adoption of internation standards including IFRSs
The International Federation of Accountants (IFAC) has submitted recommendations for endorsement by the Group of Twenty (G20) during their meeting in China on 4-5 September 2016.
The recommendations include a call for the adoption and implementation across all jusridctions of intenational standards - IFRS, ISAs, auditor independence requirements in the IESBA Code and International Public Sector Accounting Standards (IPSAS).
For the IFAC...
IAASB: Paper on Supporting Credibility and Trust in Emerging Forms of External Reporting
The International Auditing and Assurance Standards Board (IAASB)’s Integrated Reporting Working Group, dedicated to exploring emerging forms of external reporting (referred to as EER), has released a Discussion Paper, Supporting Credibility and Trust in Emerging Forms of External Reporting: Ten Key Challenges for Assurance Engagements.
The Discussion Paper explores:
the factors that can enhance credibility and trust, internally and externally, in relation to emerging...
IFRS Foundation develops Guide to Common Practice Content
The IFRS Foundation, responsible for the governance and oversight of the International Accounting Standards Board, has developed a guide to explain IFRS Taxonomy common practice content in more depth.
For more information, please click here....