The new accounting rule may require changes in reporting practices and systems, complicating consistency and materiality ...

The International Accounting Standards Board (IASB) has published the third edition of the International Financial Reporting ...

Most companies in other countries, however, do not use the standards as determined by FASB but rather use the accounting principles issued by the International Accounting Standards (IAS).

To start with, International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the ...

The IFRS is a set of reporting principles (rather than guidelines) that are dictated by the International Accounting Standards Board (IASB). As a set of principles, the IFRS is much less exacting ...

THE International Accounting Standards Board (IASB) recently released the third edition of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). The ...