IFRS against the breakdown

Here’s an extract from the lead-in to a recent speech by IASB Chair Hans Hoogervorst: Against the backdrop of increased geopolitical friction, where the recent G7 meeting couldn’t even agree on a common statement, our standard-setting community provides an excellent example of what can be achieved when people from all parts of the world work…

Leases to explore, or: keep digging!

Here’s another issue recently discussed by CPA Canada’s IFRS Discussion Group In Canada, the government generally owns all minerals and rights over those minerals beneath the ground, while individuals and entities own freehold ownership interests over the surface of the land. In mining and oil and gas industries, an entity may acquire from the government…

Accountants and infrastructure: holding up the bridge!

Here’s a cherished memory from earlier this year: Democratic congressional leaders emerged from a meeting at the White House on Tuesday and announced that President Trump had agreed to pursue a $2 trillion infrastructure plan to upgrade the nation’s highways, railroads, bridges and broadband. Senator Chuck Schumer, the minority leader, said that there had been…