For the second time in its history, the IASB has launched a rapid-turnaround consultation that, once again, relates to financial instruments. This haste contrasts with the time spent by the standard-setter on the quality and volume of the financial information disclosed in accordance with IFRS.
The IASB proposes improvements to IFRS 8 on operating segments and addresses the principles behind disclosures in financial statements. Read the latest news about International Standards.
Mazars’ 2016 Yearbook, part of the Group’s 2015-2016 Annual Report, is a journey through topics that are of paramount importance to us: leadership and entrepreneurship. Each article can be read alone, but all are closely tied to the concept of a Modern Firm. In order to illustrate this concept, we have chosen to explore four attributes, which define a modern firm: discerning, knowledge-intensive, agile and sustainable. Join our staff, our partners, our clients and all our other guests in this journey, from Rotterdam to Shanghai via Milan and Casablanca.
In this first issue of 2017, take a closer look at IFRIC 22, Foreign currency transactions and advance consideration and find out the latest news on improvements to IFRS standards.
The IASB sets the effective date for the future IFRS 17, Insurance Contracts, and focuses on "better communication in financial reporting" for the following years. Find out more about IFRS updates in this Newsletter.
In the year 2015, US legislative changes were made through the adoption of the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015. Discover our overview of the main changes, effective for taxation years beginning after December 31, 2015.
The IASB will focus on maintenance of standards through minor amendments. Find out the latest news regarding IFRS 3, IFRS 11, IFRS 4 and IFRS 9.
IFRS 15 is a major issue for entities in sectors with long-term contracts. This document is a clear overview of the key points to remember.
Given the volume of innovations and clarifications introduced by IFRS 15, it is important to identify its impact as early as possible, both to prepare for the transition and to anticipate the accounting consequences on future contracts or contracts currently under negotiation.
In January 2016, the IASB published IFRS 16, its new accounting standard on leases. This signals the end of a major and often controversial project, which aimed to provide a more faithful representation of leases in IFRS financial statements.