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What is the ifrs

what is the ifrs

Inside IFRS: Accounting and Financial Reporting Fundamentals

Russell Golden, Recently-Appointed FASB Chairman, Discusses Entity's Present Role in Shaping U.S. and International Standards

July 29, 2013 - The Chairman talks about a new collaboration between FASB and IASB and outlines approach and progress in a number of projects related to convergence, leasing, revenue recognition, insurance and codification. (AccountingToday)

Conceptual Framework Revision Comments Sought by IASB

July 24, 2013 - Hans Hoogervorst, IASB Chairman, explains in a news release that comments are being solicited in regards to a proposed revision of the conceptual framework for financial reporting, a framework which affects all IFRS that are developed. (Journal of Accountancy)

FEI Canada publishes study of transition costs from Canadian GAAP to IFRS

July 17, 2013 - FEI Canada published the findings of its research into the costs borne by Canadian companies in their transition from Canadian GAAP to IFRS. The research was jointly funded by the Canadian Accounting Standards Oversight Council and the IFRS Foundation. (

Speech by Hans Hoogervorst: 'Breaking the boilerplate'

June 27, 2013 - In a speech to the IFRS Conference in Amsterdam, Hans Hoogervorst, Chairman of the IASB set out a 10-point plan to tackle the use of boilerplate text in financial reporting disclosures. (

Featured IFRS News

Transition Group Formed by IASB

and FASB to Address Revenue Recognition

July 31, 2013 - Russell Golden, FASB Chairman, indicates that the purpose of the group will be to help resolve any issues of diversity that may arise as companies and other entities move toward implementing the final revenue recognition standard. (AccountingToday)

IASB publishes Guide for Micro-sized Entities Applying the IFRS for SMEs (2009)

June 27, 2013 - The International Accounting Standards Board (IASB) today issued guidance to help micro-sized entities apply the IFRS for Small and Medium-sized Entities (IFRS for SMEs). (

FASB among 12 participants in IASB advisory forum

March 19, 2013 - The Financial Accounting Standards Board is one of 12 standard setters from around the world that will serve as an inaugural member of an accounting advisory group. The Accounting Standards Advisory Forum will provide technical advice to the International Accounting Standards Board (Journal of Accountancy)

Kabureck’s Appointment to IASB Helps Assure Significant Representation on the Board by the U.S.

Kabureck’s Appointment to IASB Helps Assure Significant Representation on the Board by the U.S.

IFRS Foundation Overseer Finalizes Membership Criteria

March 1, 2013 - IFRS Foundation’s Monitoring Board has chosen Masamichi Kono as its Chairman and has instituted a new approach to its membership criteria assessment, which will allow for greater participation of expanding markets. (AccountingToday)

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