Insights

The International Accounting Standards Board (IASB) published a new standard, its first since 2017. The new standard, IFRS 18 ‘Presentation and Disclosure in Financial Statements’ replaces IAS 1 ‘Presentation of Financial Statements’ and will impact every reporting entity that currently uses International Financial Reporting Standards.

IFRS 3 ‘Business Combinations’ contains the requirements for these transactions, which are challenging in practice.

This publication details the additional guidance released by the IASB in IAS 1 on the disclosure of long-term debt with covenants effective Jan 1, 2024.

This publication provides resources for amendments made to Section 3400 relating to revenue recognition.

The preparation of financial statements in accordance with International Financial Reporting Standards (‘IFRS’) is challenging.

This publication details the additional guidance released by the IASB in IFRS 16 on accounting for sale and leaseback transactions.

This publication summarizes the 2019 amendments for upfront fees and considerations for entities in light of the AcSB’s decision to defer the effective date.

Three key accounting standards and tax regulations that are changing and how these changes impact bankers and their clients.