With the increasing acceptance of IFRS in the global economy and its possible adoption in the U.S., CPAs are keenly interested in developing a broader understanding of international standards. A major ...

There is still time for interested parties to comment on the Discussion Papers for two International Accounting Standards Board (IASB) Draft Interpretations released by the Financial Reporting ...

THE INTERNATIONAL FINANCIAL reporting standards’ Interpretations Committee has a new chairman. Wayne Upton has taken over from Bob Garnett with immediate effect. Upton’s role as director of ...

The International Accounting Standards Board (IASB) recently issued an interpretation to specify how organizations should reflect uncertainty in their accounting for income taxes. IAS 12, Income Taxes ...

This article was displayed on the ChosunBiz MoneyMove (MM) website at 5:55 p.m. on Dec. 30, 2025. The Korea Accounting Standards Board decided to seek the judgment of the IFRS Interpretations ...

The move to International Financial Reporting Standards (IFRS) is the single-most-important initiative in the financial reporting world — with all major economies having established timelines to adopt ...

The IFRS develops and sets standards, interpretations for accounting and financial reporting, known as the IFRS, IASs and IFRIC interpretations. The IFAC develops and sets standards, code of ethics, ...