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...The IASB and the UK FRC should require pension schemes and companies to clearly disclose any Leveraged LDI in their accounts, including “uncovered” or “naked” interest rate swaps, leveraged gilt repos, and...
...This will give ESG standards the same reliability, consistency and rigour as the IASB financial standards, which are applicable in 144 jurisdictions around the world....
...That will be the sustainability standards setter alongside its accounting equivalent, the IASB. That a project aimed at clarity manages to be quite so confusing in its genesis is less than ideal....
...The US, notably, does not follow the IFRS’s IASB accounting rules, so it could very well avoid adopting the IFRS’s framework on climate as well....
...Currently, the FASB is sympathetic to a return to amortisation (over a ten year period); the IASB less so....
...Another big step forward for ESG accounting standards Good news for those who lament that efforts to measure ESG have created an alphabet soup: the WEF’s IBC is endorsing the IFRS Foundation’s Iosco-backed, IASB-like...
...At least nine different definitions of operating profits were identified in a sample of 100 companies analysed by the IASB....
...things to watch this year is what happens at the International Financial Reporting Standards Foundation (IFRS) — the influential non-profit group that oversees the International Accounting Standards Board (IASB...
...If new standards are just a cover for the failure of old ones, the IASB will also be guilty of burying its dead by night....
...matthew.vincent@ft.com Trainline/IASB: kate.burgess@ft.com...
...Companies will still be able to make adjustments but the end result, the IASB hopes, will be greater transparency. Draft proposals will be published soon....
...IASB has no powers to enforce its practice note and it does not apply to the US, which uses different standards....
...That is why the International Accounting Standards Board (IASB) plans to clamp down on ebitda....
...Among them is a call for the G20 countries to push the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) to establish global ESG disclosure standards (a...
...In November, the IASB reminded companies that they should be including anticipated material climate-related impacts in their accounts. We need to go a step further....
...The IASB’s move would temporarily resolve an accounting problem....
...The IASB should consider whether the accounting treatments that are implied make sense to investors....
...Mr Hoogervorst’s arguments misrepresent the role of standard- setters such as GRI, and indeed his own organisation, the IASB....
...Jonathan Guthrie Head of Lex Best of Lex articles Saudi Aramco IPO: squeeze wheeze Sirius/Yorkshire mining: boring à la Borat Failed M&A/IASB: what they do in the shadows FedEx: train wrecks CLSA/...
...The IASB is currently updating its guidance on how companies should write the narrative sections of their annual reports....
...Throw in the fact that more acquisitions create more restructurings and “big baths”, and blaming the IASB or FASB for creating some kind of unjustified volatility is just plain wrong....
...The IASB is expected to give guidance next month on whether it intends to make changes to the rules themselves....
...The word “onerous” came up repeatedly in their representations to the IASB during consultation....
...Please, sir, do not argue that the IASB should rewrite the foundations of current accounting standards....
...In developing this standard, the IASB did consider whether to require banks to recognise full lifetime losses from day one. We rejected this approach for several reasons....
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