Ten Future Developments in IFRS
In This Chapter
Knowing how the standards are changing
Seeing how amendments will affect accounting practice
Nothing stands still in the world of financial reporting, and certainly not at the ivory tower known as the offices of the International Accounting Standards Board (IASB). In this chapter, I look at ten projects that the IASB is currently sifting through that may affect how the International Financial Reporting Standards (IFRS) and International Standards on Auditing (IAS) work in the future.
Overhauling the Financial Instruments Standards
The banking industry has recently been slammed for the way in which it accounted for certain financial ...