The International Sustainability Standards Board (ISSB), established by the IFRS Foundation (IFRS), issued a comprehensive global baseline of disclosure standards to facilitate consistent and ...
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 S1 - General Requirements for Sustainability-related Financial Disclosures and IFRS S2 - Climate-related Disclosures require information to be provided across four areas: Governance, Strategy, ...
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 ...
OLDWICK, N.J., February 26, 2024--(BUSINESS WIRE)--AM Best is requesting comments from market participants in the insurance industry and other interested parties on the application of Best’s Credit ...