IFRS expert David Cairns provides
a round-up of the latest international accounting standards
Conceptual framework
The International Accounting Standards Board and the US Financial
Accounting Standards Board have published the first phase of their
joint project to improve their existing conceptual frameworks. The
conceptual framework is an essential part of the development and application
of principles-based standards. The first phase deals with the objective
and qualitative characteristics of financial reporting.
Already subscribed? Please log in.
Your free features:
- Breaking news and expert analysis
- Customisable daily newsletters
- Six free CPD learning modules each year
- Personalised CPD tracker
- Top 75 Firms league tables
- Regulatory changes
- Hardman’s Tax Data
