The European Union (EU) has mandated that EU companies issuing publicly traded securities in the EU must state their accounts under International Financial Reporting Standards (IFRS or IAS) by June ...

The International Accounting Standards Board (IASB), based in London, is committed to developing a set of high quality, global accounting standards that require transparent and comparable information ...

The International Accounting Standards Board announced that it has completed its decision-making on two projects — one to improve the financial performance information companies report, and one to ...

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 ...

The International Accounting Standards Board said Friday it is finalizing a new accounting standard that aims to give investors a clearer and more complete picture of the financial performance and ...

The release of a highly anticipated financial reporting standard Wednesday marked a grand achievement in the effort to converge international accounting rules. FASB and the International Accounting ...

Lawmakers and business leaders have seen a need to harmonize or integrate, the accounting standards of the United States, which operates under Generally Accepted Accounting Principles (GAAP), with ...