World Accounting Report

The IASB recently reviewed a high-level summary of the feedback it received to a public consultation it issued earlier this year concerning its possible future agenda. Some projects emerged as clear crowd-pleasers, but the Board will not decide to..

After a lengthy and, at times, controversial process, IFRS 17, Insurance Contracts, has been adopted into EU law.1 Insurance Europe, the trade association for European insurance companies, and many of its members will be delighted because the Union..

The FASB has issued proposals to clarify the accounting for expected credit losses on amounts owed in cases where there are loan modifications. The tight deadline for responding suggests that the Board is keen to finalise these amendments in the..

2021 has been a year that many of us will not forget, much as we may wish to do so. As Covid-19 continues on its course in every continent, it is clear that its impact on national economies and individual businesses alike has been been vast, and..

Andreas Barckow appears to be making his Board work hard. The latest meeting was spread out over five days, and covered a wide range of topics including goodwill and impairment, Primary Financial Statements (PFS), Dynamic Risk Management (DRM) and..