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News Archive

Professor Newspaper

Our News Archive lets you browse through the last 6 months worth of News articles (3 weeks only available to unregistered users).

If you are a registered Partner of Accounting Education, you can also search all our News articles using the Advanced Search.

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Showing articles: 1 to 10 (out of 60)   previous | next

IASB logo IASB ISSUES AMENDMENTS TO INSURANCE CONTRACTS STANDARD
Contributed by: Andy Lymer
18 September 2016

The International Accounting Standards Board (the Board) has issued amendments to its existing insurance contracts Standard, IFRS 4.


IFAC new logo IFAC REPORT CONFIRMS ACCOUNTANTS REMAIN MOST TRUSTED ADVISOR TO SME BUSINESSES
Contributed by: Andy Lymer
18 September 2016

It has long been recognized that small- and medium-sized entities (SMEs) power the global economy. And accountants working in small- and medium-sized practices (SMPs) remain their most trusted advisor, according to a report released by the International Federation of Accountants® (IFAC®).


IASB logo WEBINAR - IASB WEBCAST ON PROPOSED AMENDMENTS TO THE DEFINITION OF A BUSINESS
Contributed by: Andy Lymer
18 September 2016

On 28 June 2016 the International Accounting Standards Board (the Board) published proposals to clarify the definition of a business in IFRS 3 Business Combinations. In this webcast Board Member Mary Tokar and Technical Director Michael Stewart provide an overview of the proposals.


HOW WELL DO YOU KNOW YOUR IFRS STANDARDS? TAKE THE ONLINE IFRS QUIZ!
Contributed by: Andy Lymer
18 September 2016

The IFRS Foundation is inviting people to test their knowledge of IFRS Standards and their use around the world, releasing an updated version of the popular online IFRS Quiz.


NEW WEBSITE LAUNCHED CONTAINING PROFILES OF IFAC MEMBER ORGANIZATIONS
Contributed by: Andy Lymer
18 September 2016

In support of transparency, adoption, and implementation of international standards, as well as the public interest, IFAC has published comprehensive profiles of member organizations and the jurisdictions in which they operate on their website.


NZASB ISSUES AMENDMENTS TO SHARE-BASED PAYMENT STANDARD
Contributed by: Andy Lymer
18 September 2016

NZASB have issued Classification and Measurement of Share-based Payment Transactions (Amendments to NZ IFRS 2), which amends NZ IFRS 2 Share-based Payment. It clarifies how to account for certain types of share-based payment transactions.


PROMOTING CONTINUOUS IMPROVEMENT IN AUDIT - FRC ISSUES THEMATIC REVIEW ON ROOT CAUSE ANALYSIS OF AUDIT INSPECTION FINDINGS
Contributed by: Andy Lymer
18 September 2016

The Financial Reporting Council has issued a thematic review on the subject of root cause analysis performed by audit firms relating to audit inspection findings (RCA). The report is intended to provide insights and aid understanding of firms’ procedures, highlight areas of good practice and provide recommendations, to promote continuous improvement in audit quality.


AUSTRALIA AND KOREA TAKE LEAD ROLE IN IMPROVING CONSISTENCY OF GLOBAL ACCOUNTING
Contributed by: Andy Lymer
18 September 2016

Australia and Korea are taking a lead role in tackling practical issues around the consistency of International Financial Reporting Standards (IFRS), with the launch of a new report on differences in the interpretation of common accounting terms in Korea and Australia.


NEW REPORT DETAILS CPA PROFESSION’S PROGRESS IN ENHANCING AUDIT QUALITY
Contributed by: Bob Schneider
17 September 2016

The American Institute of CPAs (AICPA) has issued a report detailing the past year’s activities and accomplishments as part of its Enhancing Audit Quality (EAQ) initiative. The publication outlines the CPA profession’s work to enhance the quality of private company audits in the areas of Pre-licensure, Standards and Ethics, CPA Learning and Support, Peer Review, Practice Monitoring of the Future, and Enforcement.


TENTATIVE DECISIONS AT AUGUST 31 2016 FASB BOARD MEETING
Contributed by: Bob Schneider
13 September 2016

The FASB Board met on August 31, 2016, and discussed (1) Agenda prioritization, (2) Technical corrections and improvements—Update 2014-09, Revenue from Contracts with Customers, (3) Revenue recognition of grants and contracts by not-for-profit entities, and (4) Insurance—targeted improvements to the accounting for long-duration contracts. All of the reported decisions are tentative and may be changed at future Board meetings.


Showing articles: 1 to 10 (out of 60)   previous | next
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