Just a few decades ago, international business and investment activities were complicated by different countries maintaining their own sets of national accounting standards. This patchwork of ...

The International Accounting Standards Board (IASB) created IFRS to standardize how financial statements are prepared. The goal was to make accounting standards consistent and transparent across ...

The Trustees of the IFRS Foundation announced the formation of the International Sustainability Standards Board (ISSB) on 3 November 2021 at COP26 in Glasgow, following strong market demand for its ...

The Financial Accounting Standards Board released a post-implementation review of its rev rec standard a decade after its ...

The Financial Accounting Standards Board issued a proposed accounting standards update to establish authoritative guidance on the accounting for government grants received by business entities.

The standards development process was comprehensive and inclusive. It involved the accounting profession, water industry, academia, the general public, and expert advice from the Water Accounting ...

PwC Thailand urges Thai businesses to examine and evaluate the implications of the new IFRS 18 and IFRS 19 accounting ...

What are Indonesian accounting standards? Indonesian Financial Accounting Standards (SAK) are the guiding principles that regulate accounting in Indonesia. These are set by the Financial Accounting ...

The proposal aims to address the current lack of guidance under US GAAP for recognising, measuring, and presenting grants.

The framework was first issued in 2009 and revised in 2014 by the Water Accounting Standards Board, as part of the Bureau of Meteorology's water accounting function. The framework was developed by ...