Thoughts on recent remarks by IASB Chair Hans Hoogervorst In the famous film The Third Man, Orson Welles’ character Harry Lime delivers the following meditation: “You know what the fellow said – in Italy, for thirty years under the Borgias, they had warfare, terror, murder and bloodshed, but they produced Michelangelo, Leonardo da Vinci and…
Last month, the International Accounting Standards Board (IASB) issued Measuring Quoted Investments in Subsidiaries, Joint Ventures and Associates at Fair Value, an exposure draft of proposed amendments to IFRS 10, IFRS 12, IAS 27, IAS 28 and IAS 36 and the illustrative examples which accompany IFRS 13. Comments should be submitted by January 16, 2015.…
The Canadian Securities Administrators have issued their latest report on the activities of their continuous disclosure review programs, Staff Notice 51-341, covering the fiscal year ended March 31, 2014, and based on 991 reviews of one kind or another. As so often, the CSA report doesn’t choose to open the window too wide: it states…
A European example of challenges in determining the appropriate discount rate for purposes of the impairment calculation Here’s another of the issues arising from extracts of enforcement decisions issued in the past by the European Securities and Markets Authority (ESMA) (for more background see here); this is from their 13th edition: “The issuer operates in…
Here’s another of the issues arising from extracts of enforcement decisions issued in the past by the European Securities and Markets Authority (ESMA) (for more background see here); this is from their 13th edition: “The issuer recognised in its statement of financial position a significant amount of goodwill exceeding 100% of its equity. For the…
John Hughes IFRS Blog 