The International Accounting Standards Board (IASB) has today published proposals in an Exposure Draft to address accounting issues that affect companies that translate financial information from a non-hyperinflationary currency to a hyperinflationary currency. These proposals, which are narrow-scope amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates, introduce translation requirements for these […]

The IFRS for SMEs Accounting Standard Update is a staff summary of news, events and other information about the IFRS for SMEs® Accounting Standard and related SME activities. The staff summary has not been reviewed by the International Accounting Standards Board (IASB). This edition of the IFRS for SMEs Accounting Standard Update includes: a reminder to get involved in the consultation on the […]

To enhance the quality, efficiency and effectiveness of audits, we’re focusing on technology to help you. See the benefit of Using Technology in Financial Statement Audits. The practice aid shows how you can use technology in financial statement audits and illustrates automated tools and techniques using the example of performing risk assessment procedures under SAS No. […]

Small- and medium-sized enterprises (SMEs) play a critical role in global economies—so they are central to the global transformation to sustainable business practices. Irrespective of jurisdiction, small- and medium-sized practices (SMPs) continue to be the preferred advisors to SMEs. They are ideally placed to help SMEs maximize the benefits of incorporating sustainability into their strategy […]

“The International Accounting Standards Board (IASB) today has published an Exposure Draft proposing narrow-scope amendments to ensure that financial statements more faithfully reflect the effects that renewable electricity contracts have on a company. The proposals amend IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures. The IASB’s swift action responds to the rapidly growing global market for these contracts.

Prime Minister and Minister of Finance Hon. Philip Davis delivered the Annual Budget Communication in Parliament on Wednesday…