International reporting: how relevant are IFRS standards?

The recent IASB annual conference focused on the transparency of international reporting under IFRS, the relevance of standards to company reporters and stakeholders, and the definition of materiality. Jeroen Van Doorsselaere, vice president of value propositions at Wolters Kluwer Financial Services, unpicks the key issues

Before its annual recess the International Accounting Standards Board (IASB) gathered in London for its annual conference. With all the major standards out, and the latest pre-release amendment to IFRS 17 Insurance Contracts open for comments, the IASB has certainly come a long way in developing international accounting standards.

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