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Our online community became 14 years old on 1 April. No, not an April fool, we really have been doing it this long and our newswire - Double Entries - was going for some years before this and is now in its 20th volume.

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Latest News

IAESB PROPOSES FRAMEWORK TO ENHANCE CLARITY OF STANDARDS 24 July 2014 The International Accounting Education Standards Board (IAESB) has undertaken a project that has improved the relevancy, clarity, and consistency of its standards as well as their applicability to International Federation of Accountants (IFAC) members and associates.

ISACA OUTLINES FIVE PRINCIPLES FOR EFFECTIVE INFORMATION AND TECHNOLOGY GOVERNANCE 24 July 2014 In new guidance just issued, global IT association ISACA has outlined five principles organizations can use to effectively govern and manage their information and technology.

U.S. STUDY SHOWS BIG DECLINE IN RESTATEMENTS 24 July 2014 An in-depth academic analysis of trends and characteristics of restatements to public company financial statements in the United States in the 10-year period following the Sarbanes-Oxley Act (SOX) reveals a substantial drop in the number and severity of restatements.

IASB COMPLETES REFORM OF FINANCIAL INSTRUMENTS ACCOUNTING 24 July 2014 The International Accounting Standards Board (IASB) has completed the final element of its comprehensive response to the financial crisis by issuing IFRS 9 Financial Instruments. The package of improvements introduced by IFRS 9 includes a logical model for classification and measurement, a single, forward-looking ‘expected loss’ impairment model and a substantially-reformed approach to hedge accounting.

AOSSG RELEASE ACCOUNTING REPORT ON NEPAL 22 July 2014 AOSSG has published a report on the accounting standard setting capacity in Nepal. It makes a number of specific recommendations for how Nepal can be assisted in developing its capacity in this area.

IFRS FOUNDATION AND ESMA SIGN JOINT STATEMENT OF PROTOCOLS 22 July 2014 The IFRS Foundation and the European Securities and Markets Authority (ESMA) have announced the agreement of a joint Statement of Protocols to serve as the basis for future co-operation in areas of mutual interest.

AASB MEETING REPORT (JULY 2014) - INCLUDING TIER 2 DISCLOSURE REQUIREMENTS, STAPLING ARRANGEMENTS AND DISCLOSURE INITIATIVE 22 July 2014 The AASB’s meeting (M139) was a two day meeting held on 16-17 July 2014. At this meeting the AASB made key decisions in relation to: Revenue – Tier 2, Stapling Arrangements and the Disclosure Initiative.

FAQS PUBLISHED ON DEVELOPMENT OF INTERNATIONAL PROFESSIONAL VALUATION STANDARDS 22 July 2014 As the project to develop International Professional Standards gets underway, the Professional Board has issued a set of FAQs discussing the reasons behind the project commenting on its scope.

EFRAG RELEASE DISCUSSION PAPER ON CLASSIFICATION OF CLAIMS 22 July 2014 EFRAG has published a Discussion Paper “Classification of Claims” to assist in developing an informed and reasoned approach to the claims side of the balance sheet, including the equity/liability distinction.

ESMA ISSUE GUIDELINES ON ENFORCEMENT OF FINANCIAL INFORMATION 22 July 2014 The European Securities and Markets Authority (ESMA) has published its final Guidelines on the enforcement of financial information published by listed entities in the European Union (EU). The aim of the guidelines is to strengthen and promote greater supervisory convergence in existing enforcement practices amongst EU accounting enforcers.

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	Book of the Week
	The Effect of Defined Benefit Liability on Firms’ Valuations in Japan by Eriko Kasaoka, Kwansei Gakuin University

	Latest event
	2014 7th Annual AAA Conference on Teaching and Learning in Accounting 02 August 2014 - 03 August 2014 Seventh Annual AAA Conferenceon Teaching and Learning in Accounting Part hands-on teaching clinic, part mentoring by master teachers,and part staying current on emerging topics in accounting! Submit your proposals by 11:59 pm EDT April 7, 2014 for the American Accounting Association's Seventh Annual Conference on Teaching and Learning in Accounting (CTLA) to be held August 2-3, as part of the AAA Annual Meeting (August 2-6) in Atlanta, GA.... Event added 24/03/14

	Latest Link
	IFRS Research Centre 03 May 2014 The IFRS Research Centre is an initiative of the IASB that is designed to support the establishment of a dedicated research capability that will draw upon a combination of internal and external intellectual resources, including the engagement of the academic community.