With the January 2011 transition date for International Financial Reporting Standards (IFRS) looming for all publicly accountable enterprises in Canada, 48% of Canadians who hold the Chartered ...

On April 9, 2024, the IASB (International Accounting Standards Board) issued IFRS 18 - Presentation and Disclosure in Financial Statements. IFRS 18 replaces IAS 1 - Presentation of Financial ...

GAAP reports in detailed, precise formats; IFRS allows flexible, principle-based reporting. GAAP does not permit asset value recovery post-impairment; IFRS allows revaluation. IFRS does not mandate ...

The insurance industry has undergone and continues to undergo a major transformation with the implementation of IFRS 17, the global standard for insurance contracts accounting. This blog breaks down ...

IFRS 17 was met with resistance from insurers who said it would be costly to implement in a short time. We’re in the home stretch! Yet, with less than a year left until the implementation date, a ...

The International Financial Reporting Standards (IFRS) has been accepted globally as the perfect standard for the preparation of financial reports. Each year more countries are implementing IFRS, and ...

A quiet but significant shift has been taking place in the world of recruitment agencies. As these firms scale, more of them are being drawn into the orbit of IFRS 16, the international accounting ...