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World Accounting Report RSS feed

International update: August 2020

Online Published Date : 08 October 2020 | Appeared in issue: 23.07 - 08 October 2020

In its July 2020 meeting, the IASB finished discussions on some projects including IBOR reform, and its changes on disclosures of accounting policies. It also discussed its Management Commentary Practice Statement, and extractive industries.Reform..

Editorial

Online Published Date : 08 October 2020 | Appeared in issue: 23.07 - 08 October 2020

On 25 June this year, Wirecard, a payments company based in Germany failed; it had debts of €3.2 billion. The German regulator, BaFin, is investigating the circumstances, but it appears that the company used accounting fraud to inflate revenue and..