The IASB recently issued the exposure draft Equity Method of Accounting—IAS 28 Investments in Associates and Joint Ventures. This flows from a decision to not to undertake a fundamental review of the equity method. As set out in the basis for conclusions: “The IASB noted that the equity method is well established and fundamental changes would…
As we addressed here, the Canadian Sustainability Standards Board issued for comment its first two proposed standards. These are proposed Canadian Sustainability Disclosure Standard (CSDS) 1 General Requirements for Disclosure of Sustainability-related Financial Information and CSDS 2 Climate-related Disclosures, built on the pre-existing IFRS S1 and S2. As we’ve previously noted, the key decision on…
It’s time now for a further selection of offbeat tweets (as they used to be called) that made reference to “IFRS” in one form or another, presented here in their original form, all typos and oddities and possible obscenities intact (the last installment was here). It’s often noted that Twitter/X isn’t the resource it used…
As we addressed here, the Canadian Sustainability Standards Board issued for comment its first two proposed standards. These are proposed Canadian Sustainability Disclosure Standard (CSDS) 1 General Requirements for Disclosure of Sustainability-related Financial Information and CSDS 2 Climate-related Disclosures, built on the pre-existing IFRS S1 and S2. One major issue is whether issuers should be…
Yet another reflection on accounting’s current woes… This is by Matt Levine on Bloomberg.com, titled Accounting isn’t Cool Anymore. The article (which draws heavily on an underlying article on Business Insider) quotes a retired accountant as saying that “”The pay is crappy, the hours are long, and the work is drudgery,” and notes that “Students…
As we addressed here, the Canadian Sustainability Standards Board issued for comment its first two proposed standards. These are proposed Canadian Sustainability Disclosure Standard (CSDS) 1 General Requirements for Disclosure of Sustainability-related Financial Information and CSDS 2 Climate-related Disclosures, built on the pre-existing IFRS S1 and S2; the CSSB didn’t propose any major changes to…
Let’s check in on the latest in Canada’s accounting wars… You may recall that in Canada the provincial organizations are the accounting profession’s regulators and enforcers, with the national organization, CPA Canada, responsible for standards and for coordinating education and exams, among other things. Over a year ago now, CPA Ontario and CPA Quebec announced…
As we covered here, the IASB has issued Climate-related and Other Uncertainties in the Financial Statements, an exposure draft of proposed illustrative examples. The exposure draft “proposes eight examples illustrating how an entity applies the requirements in IFRS Accounting Standards to report the effects of climate-related and other uncertainties in its financial statements (in the…
Returning to our recent reflections on the portrayal of accountants in movies and television… You may recall that Toby York, founder of The Accounting Café, had posted the following on LinkedIn: A partial answer to the question arises from the ongoing third season of Industry, a show set around Pierpoint & Co., a London investment…
As we addressed here, the Canadian Sustainability Standards Board issued for comment its first two proposed standards. These are proposed Canadian Sustainability Disclosure Standard (CSDS) 1 General Requirements for Disclosure of Sustainability-related Financial Information and CSDS 2 Climate-related Disclosures, built on the pre-existing IFRS S1 and S2; the CSSB didn’t propose any major changes to…
John Hughes IFRS Blog 