Review of IFRS 15 disclosures – sufficient information?

The UK’s Financial Reporting Council has published a report on its “IFRS 15 Thematic Review: Review of Disclosures in the First Year of Application.” The overall finding was that “most of the companies sampled provided sufficient information to enable users to understand the impact of adopting IFRS 15. Generally, companies included helpful company-specific explanations and…

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…