In completing the comprehensive project to change the conceptual framework, the International Accounting Standards Board (IASB) confirmed the objective of IFRS financial reporting as providing ...

The Financial Accounting Standards Board has added two new chapters to its Conceptual Framework. Issued as “concept statements,” the chapters cover the elements of financial statements, and their ...

The International Accounting Standards Board (IASB) on Thursday proposed changes to its conceptual framework, which provides a foundational underpinning for financial reporting under IFRS. In an ...

The Financial Accounting Standards Board issued Thursday a proposed new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements. Stakeholders are ...

International Financial Reporting Standards (IFRS) are based on the International Accounting Standards Board’s (IASB) Conceptual Framework for Financial Reporting. These common standards for financial ...

Getting the definition of materiality right is critical because it affects what information is presented in public sector ...

According to Nnadi, apart from SMEs, the other areas the NASB would release draft exposure standards are Conceptual Framework, Accounting for Intangible Assets and Accounting for Not-For-Profit ...