by admin | Jun 9, 2017 | Accounting, Tech News
The International Accounting Standards Board (IASB) has issued IFRIC 23 Uncertainty over Income Tax Treatments to specify how to reflect uncertainty in accounting for income taxes. It may be unclear how tax law applies to a particular transaction or circumstance, or...
by admin | May 28, 2017 | Accounting, Tech News
The Singapore Accounting Standards Council (ASC) has submitted a comment letter to the International Accounting Standards Board (IASB) on ED/2017/3 Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9) which was issued in April 2017. In their...
by admin | May 24, 2017 | Accounting, Tech News
The International Accounting Standards Board (the Board) has issued IFRS 17 Insurance Contracts to replace the current IFRS 4, which will help investors and others better understand insurers’ risk exposure, profitability and financial position. IFRS 4 has given...
by admin | May 18, 2017 | Accounting, Tech News
The International Ethics Standards Board for Accountants (IESBA) released for public comment the Exposure Draft, Proposed Application Material Relating to Professional Skepticism and Professional Judgment. The Exposure Draft links key concepts in the IESBA Code of...
by admin | May 6, 2017 | Accounting, Tech News
The International Financial Reporting Standards (IFRS) has published the 2017 edition of Pocket Guide to IFRS Standards: the global financial reporting language, which shows continuing progress towards further enhancing the quality of global accounting standards. The...
by admin | Apr 26, 2017 | Accounting, Tech News
The International Accounting Standard Board (IASB) has proposed minor amendments to be made to IFRS 9 Financial Instruments to enable companies to measure at amortised cost certain prepayable financial assets with so-called negative compensation. The proposed...
