Impact investing – we want it all!

A recent commentary in the Globe and Mail, by Philippe Le Houérou and Paul Lamontagne, kicks off as follows: Across the world, the appetite for impact investing is growing. The prospect of investing in funds that deliver solid financial returns while doing good can be appealing, especially for young investors who are showing an increasing…

Applying agenda decisions – we’re bidin’ our time!

When the IFRIC decides not to initiative a new project in response to a submitted question, it issues a tentative agenda decision for comment, setting out its reasons. If nothing new comes out of the comments, it usually confirms its decision and publishes a new agenda decision, often including various explanatory material. The IFRS Foundation’s…

Deferred tax – amending the initial recognition exemption

(Well, sometimes there’s no point trying to think of a catchy title…) The IASB has issued for comment Deferred Tax related to Assets and Liabilities arising from a Single Transaction, an exposure draft of proposed amendments to IAS 12, with comments to be received by November 14, 2019 The exposure draft expresses itself primarily with…

A new IFRS for tax – a duty to society?

A recent article by Richard Murphy on the Accounting Web site “explains why a new IFRS for tax is necessary, and why accountants have a duty to society to help companies explain their tax payments.” The article is primarily focused on the lack of country by country reporting for tax matters. It cites various existing…