As a late summer treat and important public service, it’s time now for another round-up (the last one was here) of recent tweets that made mention of IFRS in one way or another, presented here in their original form, with all typos and oddities and occasional obscenities intact. First of all, I thought by now…
As we covered last time, America’s Business Roundtable has issued a Statement on the Purpose of a Corporation In the words of the Roundtable’s own press release, the revised statement sets out “modernized principles (which) reflect the business community’s unwavering commitment to continue to push for an economy that serves all Americans.” Put another way,…
America’s Business Roundtable has issued the following Statement on the Purpose of a Corporation: Americans deserve an economy that allows each person to succeed through hard work and creativity and to lead a life of meaning and dignity. We believe the free-market system is the best means of generating good jobs, a strong and sustainable…
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…
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…
As we discussed last time, the IASB has issued for comment Disclosure of Accounting Policies, an exposure draft of proposed amendments to IAS 1 and IFRS Practice Statement 2, with comments to be received by November 29, 2019. IAS 1 currently requires that an entity disclose its “significant” accounting policies. The exposure draft proposes changing this…
The IASB has issued for comment Disclosure of Accounting Policies, an exposure draft of proposed amendments to IAS 1 and IFRS Practice Statement 2, with comments to be received by November 29, 2019. IAS 1 currently requires that an entity disclose its “significant” accounting policies, a requirement that often leads in practice to pages of…
