At the request of the Ministry of Finance below is a copy of the Commercial Entities (Substance Requirements) Act 2023 (“CESRA”) together with its subsequent Amendment and Guidance Notes. COMMERCIAL_ENTITIES_SUBSTANCE_REPORTING_NOTICE_JANUARY_2024[1] CESRA_AMENDMENTS_Exo_8th_December,_2023[1] CESRA_GUIDANCE_NOTES_8_SEPT_2023[1] CESRA_2023_-_Extraordinary_Gazette_11th_August,_2023_(B)_(1)[1]
IMPACT #1: Strong and Sustainable Accountancy Profession New Toolkit for PAOs to Advance Strategic Planning Out Now from IFAC — In order to significantly contribute to national economic and social development, PAOs around the world need a coherent strategy and operating model to realize their full potential. To equip PAOs with a clear, practical, and […]
(New York, New York, August 27, 2024) The International Auditing and Assurance Standards Board (IAASB) has issued new guidance on the application of the International Standard on Auditing for Audits of Financial Statements of Less Complex Entities, known as the ISA for LCE. The Authority Supplemental Guidance will help users in determining the appropriate situations to use […]
The Nassau Conference 2024 of AIBT will be held on 18th September, 2024 under the theme “A Masterclass in Growth & Innovation” at the Baha Mar Convention Centre, and the half-day, pre-conference Financial Services Bootcamp is set for 17th September, 2024. Since its founding in 2005, The Nassau Conference has established itself as the premier […]
In this episode of the IASB podcast, IASB Vice-Chair Linda Mezon-Hutter and IASB Member Tadeu Cendon join IASB Executive Technical Director Nili Shah to discuss highlights from the IASB meeting held on 22-24 July. The following projects are featured: Post-implementation Review of IFRS 15 Revenue from Contracts with Customers (00:43); Rate-regulated Activities project (5:36); and Second Comprehensive Review of the IFRS […]
The International Accounting Standards Board (IASB) today published a consultation document, proposing eight examples to illustrate how companies apply IFRS Accounting Standards when reporting the effects of climate-related and other uncertainties in their financial statements. The IASB developed these illustrative examples in response to strong demand from stakeholders, particularly from investors. They expressed concerns that […]
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 […]
