Once again, courtesy of my brave (if not foolhardy) mole at the IFRS Foundation, I present a previously-unseen selection of recent correspondence to and from the offices of IASB Chair Andreas Barckow and ISSB Chair Emmanuel Faber. This is sensitive stuff, so please destroy after reading! Dear Andreas, I’m curious about how well the two…

The IFRS.org web store recently extended an unbeatable holiday shopping offer, as I evidence here: As you see, the seasonal offer expired on December 3, and I deeply apologize here for not bringing it to your attention on a more timely basis. You may be thinking, well, it wouldn’t have done much for me anyway…

As we addressed here, the IASB has issued Provisions – Targeted Improvements, an exposure draft of proposed amendments to IAS 37. You’ll recall that a provision is “a liability of uncertain timing or amount” and under IAS 37 in its current form is recognized when an entity has a present obligation (legal or constructive) as…

As we addressed here, the IASB has issued Climate-related and Other Uncertainties in the Financial Statements, an exposure draft of proposed illustrative examples. We previously looked at the following example included in the exposure draft: In this case, under the IASB’s analysis of IAS 1, “the entity determines that additional disclosures to enable users of…

I haven’t said much here about IFRS 18, Presentation and Disclosure in Financial Statements… There’s no particular reason for that, other than perhaps generally trying to write about something that other firms and accounting commentators aren’t writing about, at least not in quite the same way. And also, as it’s only effective for annual reporting…

The IASB has issued Provisions – Targeted Improvements, an exposure draft of proposed amendments to IAS 37. You’ll recall that a provision is “a liability of uncertain timing or amount” and under IAS 37 in its current form is recognized when an entity has a present obligation (legal or constructive) as a result of a…

Here’s one of the stranger recent entries from the annals of internal control breakdown, as reported by the New York Times: The article provides the following commentary: Indeed, I’m sure not the only one who initially assumed on seeing the headline that the story would be about the creation of fictitious invoices as a vehicle…

Here’s another fact pattern recently discussed by Canada’s IFRS Accounting Standards Discussion Group: The fact pattern lists a series of specific activities for which the company is responsible over the 40-year term. For purposes of the analysis, the group assumed the sales of the carbon credits to be material to the Company and to be…

The Canadian Securities Administrators (CSA) recently published a biennial report on its Continuous Disclosure Review Program, providing an overview of results and highlighting key findings and outcomes over the past two fiscal years. Most of the contents are familiar (some of them, like “issuers not providing issuer-specific details or sufficient contextual information to enable investors to understand…

The IASB recently announced “the start of a research project to review and improve the requirements for the statement of cash flows and related matters in IFRS Accounting Standards.” This is in response to feedback during the IASB’s most recent agenda consultation, with investors, companies and others identifying this area as a high priority. The…