The use of International Financial Reporting Standards has benefited the European Union, boosting the quality and transparency of the bloc’s financial reporting, according to a joint letter from the ...

Two important standards issued by the International Accounting Standards Board (IASB), IFRS 9 and 15, come into effect this year. Jannie Marais, product manager at AdaptIT, says both have considerable ...

A new academic study takes issue with claims that U.S. companies would benefit from adopting International Financial Reporting Standards. The study finds that the high-quality accounting ...

WASHINGTON, United States (CMC) – The Inter-American Development Bank (IDB), IDB Invest, and the IFRS Foundation Wednesday formalised a strategic partnership to promote the adoption and implementation ...

Insurers who go beyond just mere compliance with IFRS 17 into data optimization are reaping the benefits, including expanded capabilities with advanced analytics, machine learning and artificial ...

Explore the major differences between IFRS and U.S. GAAP, including inventory write-downs, intangible assets, and accounting ...

A convergence of Indian Accounting Standards with International Financial Reporting Standards (IFRS) beginning April 2011 would help Indian corporates to compete globally, industry captains said at ...

The SEC on Wednesday said it is hosting a round-table meeting July 7 to discuss benefits or challenges in potentially incorporating IFRS into the financial reporting system for U.S. issuers. The SEC ...

A business solution company in Lagos State, the WFO, has enjoined Fellows of the Institute of Chartered Accountants of Nigeria (ICAN) to comply with the International Financial Reporting Standard ...