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Finance | Marshall: Conceptual Framework review matters for IFRS

The International Accounting Standards Board (IASB) consultation on the Conceptual Framework is crucial for the development of future IFRS accounting standards so it is essential that preparers review the exposure draft and give feedback to ensure the final document does not further complicate current accounting requirements, says Andrew Marshall, senior technical partner at KPMG UK 

Finance | Future of accounting standards regulation tops agenda in Riga

The future of international accounting standards (IAS) regulations across the EU28 member states and progress in achieving higher standards of governance at the European Financial Reporting Advisory Group (EFRAG) will be up for debate at a conference in Latvia next week, convened by the Latvian presidency of the Council of the EU, which will evaluate the application of IAS across the EU28 member states

Finance | Lack of planning for IFRS 15 revenue standard highlights confusion

With the International Accounting Standards Board (IASB) yet to confirm plans to defer by a year the effective date of the revenue standard, IFRS 15, Revenue from Contracts with Customers, research from a survey of over 300 UK CFOs, FDs and senior finance professionals shows that a only a third have begun to review the requirements which were originally due to be brought in on 1 January 2017

Finance | IASB consults on improvements to conceptual framework for financial reporting

The International Accounting Standards Board (IASB) has published a public consultation on proposals to improve The Conceptual Framework for Financial Reporting, with a reference to the reintroduction of the use of 'prudence' in the framework, which underpins International Financial Reporting Standards (IFRS) and is the critical framework used by IASB to develop its global accounting standards
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Finance | IFRS Foundation reports 3.9% revenue rise despite pushback on IFRS convergence

The IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), has released its annual report for 2014 and despite delays and pushback from the US regulator on recent efforts to publish converged IFRS on both revenue recognition and leasing standards, it has reiterated its commitment to pressing on with plans for global adoption of International Financial Reporting Standards (IFRS) while accepting that governance and accountability issues need to take precedence in 2015/16
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Finance | IASB delays introduction of IFRS 15 on revenue recognition

The introduction of the revenue recognition standard is to be delayed for one year following discussion between global accounting standard setters. The International Accounting Standards Board (IASB) has confirmed that it plans to defer the effective date of the new revenue standard, IFRS 15, Revenue from Contracts with Customers, for one year to 1 January 2018

Finance | IFRS Foundation publishes updated guide to IFRS use

The IFRS Foundation has published the 2015 edition of IFRS as Global Standards: a Pocket Guide, providing a summary of the use of International Financial Reporting Standards (IFRS) in 114 jurisdictions worldwide which require IFRS reporting
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