The International Accounting Standards Board (IASB) on Thursday published proposed amendments to IFRS 1, First-time Adoption of International Financial Reporting Standards. The proposal would amend ...

Discover the key differences between IFRS and GAAP accounting standards, and learn how they impact financial reporting for ...

The Institute of Chartered Accountants of Pakistan (ICAP) has been a member of International Federation of Accountants (IFAC) since its inception and also its Committee International Accounting ...

Inside the growing footprint of IFRS lies something many small and midsize CPA firms may be overlooking—rich opportunities for business development. IFRS-related work in the United States has largely ...

PricewaterhouseCoopers has released three new guides to help companies make the transition to International Financial Reporting Standards. The Securities and Exchange Commission plans to replace U.S.

In line with Section 8 of Federal Inland Revenue Service (FIRS) Establishment Act 2007, FIRS issued a draft circular in October last year to provide direction to stakeholders on the tax implications ...

These annual improvements are so sufficiently minor or narrow in scope that they were packaged in one document, even though the amendments are unrelated. Annual improvements are limited to changes ...

Discover the key differences in inventory accounting between GAAP and IFRS, including valuation methods, write-down reversals ...