IFRIC recently issued the following tentative agenda decision (open for comment until May 29, 2026): Fact pattern An entity was involved in setting the purpose and design of an investee when the investee was established. At that time, the entity concluded—applying IFRS 10—that it controlled the investee. At a later date, the governing document of…

We’ve looked recently at several initiatives to reduce disclosure and compliance obligations for smaller public companies. SEC Chair Paul Atkins returned to the topic in a recent speech: One of my highest priorities with respect to the SEC’s disclosure rules is to scale the requirements with the company’s size and maturity. Balancing disclosure obligations with…

I came across a fascinating posting on X (or tweet, as I still call them): Job didn’t deny his losses. He acknowledged them openly: “The Lord gave, and the Lord has taken away.” (Job 1:21) IFRS 5 agrees Take the loss as soon as it’s clear, Don’t pretend everything is fine because the asset still…

Is the SEC regulating for a pre-AI world? asks the CFA Institute’s Sandy Peters. That’s in an excellent recent article on cfo.com. Here are some extracts: In December, the 2025 AICPA Conference on Current SEC and PCAOB Developments opened with a conversation with the Securities and Exchange Commission’s Chair, Paul Atkins. While he did not…

Canada’s audit regulator, the Canadian Public Accountability Board, recently published its first individual firm inspection reports. This is how the news release put it: The reports are now available on CPAB’s website and will be published on an ongoing basis. This initiative enhances transparency and provides stakeholders with greater insight into the results of CPAB’s regulatory oversight…

As we addressed here, Investors for Paris Compliance recently issued the report Accounting for the Canadian Oil & Gas Liabilities Gap. We looked last time at some of the report’s observations on financial statement disclosure. Another of its findings is “a potential massive overall liability gap based on a leaked Alberta Energy Regulator (AER) estimate…

The UK’s Financial Reporting Council recently issued the results of a thematic review on Reporting by the UK’s smaller listed companies. The review consisted of “a desktop review of 20 companies with year-ends between September 2024 and April 2025 operating in a range of market sectors.” These are the main findings noted: Improvements could be…

The IASB has issued Amendments to the Fair Value Option for Investments in Associates and Joint Ventures, an exposure draft of proposed amendments to IAS 28, with comments to be received by April 20, 2026. Paragraphs 18–19 of IAS 28 permit an entity to elect to measure an investment in an associate or a joint…

Social Value International has launched a Global Survey on Investors’ Expectations of Company Accounts  The survey explores “whether information reported in company accounts reflects the expectations of those who use them.” It’s open to “anyone whose financial decisions or future income may be affected by how companies perform.” As the news release puts it: Company…

Investors for Paris Compliance recently issued the report Accounting for the Canadian Oil & Gas Liabilities Gap. The organization is “a shareholder advocacy organization that works to hold Canadian publicly-listed companies accountable to their net zero commitments.” The report concludes: Canadian oil and gas investors face significant uncertainty regarding the decommissioning liabilities that appear on…