The International Public Sector Accounting Standards Board (IPSASB) has released International Public Sector Accounting Standard (IPSAS) 42 'Social Benefits' and an related Exposure Draft (ED) 67 'Collective and Individual Services and Emergency Relief (Amendments to IPSAS 19)' to address a wide range of significant government expenditures.
https://www.prudentchartered.com/wp-content/uploads/2019/02/IASplus.png248442Darren Caple/wp-content/uploads/2018/10/Logo-MaroonFlush_Transparent-991x152.pngDarren Caple2019-02-01 11:14:382019-12-12 17:22:25IPSASB publishes final guidance on accounting for social benefits and exposure draft on collective and individual services and emergency relief
Amendments to IPSAS 36 and IPSAS 41, 2018 comprises: Part I: Long-term Interests in Associates and Joint Ventures (Amendments to IPSAS 36); and Part II: Prepayment Features with Negative Compensation (Amendments to IPSAS 41). Amendments in Part I and II arise from consideration of the annual improvements and narrow scope amendments projects of the IASB.
https://www.prudentchartered.com/wp-content/uploads/2019/02/IFAC.png248442Darren Caple/wp-content/uploads/2018/10/Logo-MaroonFlush_Transparent-991x152.pngDarren Caple2019-01-31 10:23:442019-12-12 17:22:37Amendments to IPSAS 36, Investments in Associates and Joint Ventures, and IPSAS 41, Financial Instruments
The IFRS Foundation has issued two new stand-alone educational modules, which support the learning, application, and reading of financial statements prepared with the IFRS for SMEs.
https://www.prudentchartered.com/wp-content/uploads/2019/02/IASplus.png248442Darren Caple/wp-content/uploads/2018/10/Logo-MaroonFlush_Transparent-991x152.pngDarren Caple2019-01-31 10:23:412019-12-12 17:22:47Additional IFRS for SMEs educational modules on intangible assets other than goodwill and on business combinations and goodwill
The IASB has posted the agenda for its next meeting, which will be held at its offices in London on 7-8 February 2019. There are five topics on the agenda, including again potential amendments to IFRS 17 'Insurance Contracts'.
https://www.prudentchartered.com/wp-content/uploads/2019/02/IASplus.png248442Darren Caple/wp-content/uploads/2018/10/Logo-MaroonFlush_Transparent-991x152.pngDarren Caple2019-01-28 10:27:512019-12-12 17:23:07February 2019 IASB meeting agenda posted, further potential amendments to IFRS 17 to be discussed
At its meeting currently held in London, the IASB discussed IFRS 17 'Insurance Contracts' and 5 of the 25 concerns regarding the standard that were identified in October 2018 as candidates for potential amendments.
https://www.prudentchartered.com/wp-content/uploads/2019/02/IASplus.png248442Darren Caple/wp-content/uploads/2018/10/Logo-MaroonFlush_Transparent-991x152.pngDarren Caple2019-01-24 06:45:372019-12-12 17:23:16IASB decides on further potential amendments to IFRS 17
Enterprise risk management (ERM) needs to be part of the professional accountant mindset and makeup. This report explores the contribution of professional accountants to effective ERM in their roles as chief financial officers (CFO) and within finance functions. To add value, accountants must be seen as risk experts who are outward-looking and provide valuable insights…
https://www.prudentchartered.com/wp-content/uploads/2019/02/IFAC.png248442Darren Caple/wp-content/uploads/2018/10/Logo-MaroonFlush_Transparent-991x152.pngDarren Caple2019-01-08 13:35:212019-02-05 17:20:44Enabling the Accountant's Role in Effective Enterprise Risk Management
The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has issued financial accounting standard (FAS) 33 'Investments in Sukuk, Shares and Similar Instruments' and FAS 34 'Financial Reporting for Sukuk-holders'.
The IFRS Foundation has issued an additional new stand-alone educational module, which supports the learning, application, and reading of financial statements prepared with the IFRS for SMEs Standard.
https://www.prudentchartered.com/wp-content/uploads/2019/02/IASplus.png248442Darren Caple/wp-content/uploads/2018/10/Logo-MaroonFlush_Transparent-991x152.pngDarren Caple2018-12-26 09:09:322019-02-05 20:36:35Additional educational module on the IFRS for SMEs on accounting policies, estimates and errors
The International Accounting Standards Board (IASB) has issued 'Definition of Material (Amendments to IAS 1 and IAS 8)' to clarify the definition of ‘material’ and to align the definition used in the Conceptual Framework and the standards themselves.
https://www.prudentchartered.com/wp-content/uploads/2019/02/IASplus.png248442Darren Caple/wp-content/uploads/2018/10/Logo-MaroonFlush_Transparent-991x152.pngDarren Caple2018-11-07 09:01:582019-02-06 02:52:42IASB finalises amendments to IAS 1 and IAS 8 regarding the definition of materiality
News and Publications
IPSASB publishes final guidance on accounting for social benefits and exposure draft on collective and individual services and emergency relief
by Darren Caple/in Uncategorized Echo_0 /Amendments to IPSAS 36, Investments in Associates and Joint Ventures, and IPSAS 41, Financial Instruments
by Darren Caple/in Uncategorized Echo_1 /Additional IFRS for SMEs educational modules on intangible assets other than goodwill and on business combinations and goodwill
by Darren Caple/in Uncategorized Echo_0 /IASB member discusses materiality
by Darren Caple/in Uncategorized Echo_0 /February 2019 IASB meeting agenda posted, further potential amendments to IFRS 17 to be discussed
by Darren Caple/in Uncategorized Echo_0 /IASB decides on further potential amendments to IFRS 17
by Darren Caple/in Uncategorized Echo_0 /Enabling the Accountant’s Role in Effective Enterprise Risk Management
by Darren Caple/in Uncategorized Echo_1 /AAOIFI issues two new financial accounting standards
by Darren Caple/in Uncategorized Echo_0 /Additional educational module on the IFRS for SMEs on accounting policies, estimates and errors
by Darren Caple/in Uncategorized Echo_0 /IASB finalises amendments to IAS 1 and IAS 8 regarding the definition of materiality
by Darren Caple/in Uncategorized Echo_0 /