Ser pan comido, or: IFRS through idioms!

Earlier this year, I built an article around the following extract from a Hans Hoogervorst speech: Given the voluntary nature of IFRS adoption, we like to believe that the adherence to our Standards is a reflection of the quality and inclusiveness of our work. More importantly, most of our stakeholders resist the temptation of modifying…

IFRS: the devil has the best details

We can all agree that the only thing that matters in implementing any aspect of IFRS is to proceed with a broad, sweeping vision, focusing entirely on the big picture and ignoring all the small stuff. That’s really all I wanted to say today, so I’ll wrap it up there. Oh wait, I’m being informed…

Accounting for girlfriends – revisited!

I don’t know if it’s entirely a compliment to the rest of this blog that one of the most all-time popular posts (at the time of writing, it’s 11th out of more than 360, with over 1,000 views) is the one I wrote some years ago on Accounting for Girlfriends… I feel a little guilty…

Hans got mail!

Courtesy of my mole at the IASB, I’m honoured to be publishing for the first time a WikiLeaks-worthy treasure trove of correspondence to and from the office of Chair Hans Hoogervorst. Read along now and dive as no mere civilian ever has before into the deep and complex waters of standard-setting. Dear Mr. Hoogervorst Every…

IFRS: time is not on our side

Louis Armstrong sang it like this: We have all the time in the world Just for love Nothing more Nothing less Only love Nothing more, nothing less? But surely we have time for at least one thing more – to implement IFRS? Oh wait, here’s some news coming in… September 2004 “Implementation of IAS 39…

Our brand is consultation!

“To enable us to consult widely,” says the IFRS Foundation on its website, “we work closely with a wide network of advisory committees and bodies, representing the many different stakeholder groups that have an interest in and are affected by financial reporting.” It goes on: “These groups and bodies are important channels for us to gather…