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Items tagged with "IFRS"

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ESGIFRSSSBStandardsSustainability

Sustainability standards setting begins in earnest with IFRS Foundation working group

By Editor

The International Financial Reporting Standards (IFRS) Foundation Trustees have set up a working group to accelerate convergence in global sustainability reporting standards focused on enterprise value and to prepare for a potential international Sustainability Standards Board (SSB), representing a watershed in their ongoing progress.

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IFRSReportingStandardsVietnam

Vietnam to adopt IFRS reporting standards

By Editor

Good news for financial reporting from Vietnam, where the Minister of Finance has approved the introduction of International Financial Reporting Standards (IFRS), in line with a previously announced schedule. According to the implementation scheme, IFRS reporting will begin on a voluntary basis from 2022, with mandatory application after 2025.

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ESGIFRSSSBStandardsSustainability

IFRS Foundation announces strategic directions on sustainability

By Editor

In their latest update on the development of international sustainability reporting standards and the establishment of a Sustainability Standards Board (SSB), the International Financial Reporting Standards (IFRS) Foundation Trustees have announced their views on strategic direction for the board.

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IFRSIFRS TaxonomyTaxonomy

IFRS Taxonomy 2020 available in Korean

By Editor

Good news for Korean speakers! The International Financial Reporting Standards (IFRS) Taxonomy 2020 labels in Korean are now available. Alongside the taxonomy, versioning information shows changes from previous years.

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IASBIFRSReportingStandards

IASB: Improved IFRS standard to capture rate-regulated companies’ performance

By Editor

The International Accounting Standards Board (IASB) has published proposals for a new International Financial Reporting Standards (IFRS) standard that would give investors better information about financial performance of rate-regulated companies.

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ESGIFRSSSBStandardsSustainability

IFRS Foundation: September roadmap to sustainability standard

By Editor

The International Financial Reporting Standards (IFRS) Foundation Trustees have announced their intention to produce a definitive proposal for global sustainability standards, including a roadmap with timeline, by the end of September 2021 – and the compass may point straight to the establishment of an international Sustainability Standards Board (SSB) along similar lines to the International […]

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IFRSRussiaXBRL

Russia’s ready to rumble: IFRS Work Plan for 2021

By Editor

The Russian Ministry of Finance has released the ‘Interagency Working Group’s work plan for IFRS applications for 2021’, with a tantalising glimpse of XBRL unification. The working group will cover a wide range of issues relating to International Financial Reporting Standards (IFRS), which were endorsed for use in the Russian Federation in 2011 and have […]

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IFRSSSBStandardsSustainabilityXII News

Computers are Dumb!

By Editor

The International Financial Reporting Standards (IFRS) Foundation consultation on sustainability standards drew to a close recently, with almost 500 responses filed. Among them was XBRL International’s response on behalf of the wider XBRL community.

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IBORIFRSTaxonomy

IFRS Taxonomy updated for IBOR Amendments

By Editor

Late last year, following an accelerated amendment process, the International Accounting Standards Board (IASB) issued a package of amendments to the IFRS Standards designed to help ease the ongoing Inter-Bank Offered Rates (IBOR) transition. The amendments should ensure that investors and regulators have sufficient, useful information about the effects of the reform on entities.

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DisclosureIFRSTaxonomy

IFRS proposes Taxonomy update

By Editor

This week the IFRS Foundation published a draft taxonomy update to IAS 19, Employee Benefits.

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