GAAP reports in detailed, precise formats; IFRS allows flexible, principle-based reporting. GAAP does not permit asset value recovery post-impairment; IFRS allows revaluation. IFRS does not mandate ...
Set to reboot the insurance industry, the reconfigured IFRS 17 (International Financial Reporting Standard), issued by the International Accounting Standards Board in May 2017, will standardise the ...
The development of new mainland accounting standards is being viewed as an important step for the growth of mainland China's economy and its place in the world's increasingly integrated capital ...
The new International Financial Reporting Standards are changing the way many banks report loan losses, says Fitch Ratings. In a special report, published today, Fitch highlights that there is a real ...
The International Financial Reporting Standard (IFRS) 15 ‘Revenue from Contracts with Customers’ was issued in May 2014, and came into force for accounting periods beginning on or after 1 January 2018 ...
Robert Herz, the former chairman of the Financial Accounting Standards Board, and Sir David Tweedie, the former chairman of the International Accounting Standards Board, said Tuesday that the ...
April 30, 2007 was an important day for U.S. investors. On that day, President George W. Bush, German Chancellor Angela Merkel, and European Commission President José Manuel Barroso agreed to “promote ...
KPMG in Qatar recently hosted an insightful IFRS 17 workshop for the insurance professionals, offering insights and strategies to navigate the complexities of this essential accounting standard. The ...
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