Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.

THERE IS A CLEAR TREND toward adopting IFRS as the single body of internationally accepted financial reporting standards. In the next few years, thousands of companies will move to IFRS as a primary ...

It should be no surprise that accounting standards have become more complex over the years. Transactions have become increasingly challenging as new products and services emerge and financial ...

The International Auditing and Assurance Standards Board plans to bolster the International Sustainability Standards Board’s proposed standards on sustainability and climate-related disclosures with ...

The International Accounting Standards Board published a consultation document Wednesday with eight proposed illustrative examples showing how companies could apply International Financial Reporting ...

The Financial Data Transparency Act (FDTA), passed as part of the National Defense Authorization Act for fiscal year 2023, aims to enhance the interoperability of financial regulatory data across nine ...

The DRSC will assist the IFRS Foundation and the ISSB in further shaping the IFRS Sustainability Disclosure Standards.

Speed is not always your friend. Sometimes it’s better to take the time to make the right decision than to rush to meet a false deadline. In this instance I am referring to the process to select the ...

To smooth the transition, Irdai has proposed parallel reporting under both Ind AS and Indian GAAP during the first year of ...

Rabiu Olowo’s role in strengthening Nigeria’s financial reporting framework has been spotlighted in a new book, ‘Building a Legacy of Trust..