This section provides you with the most recent news in International Financial Reporting Standards (IFRS). It summarises the activities of the IFRS Foundation, International Accounting Standards Board (IASB) and the IFRS Interpretations Committee, as well as interviews about the effect of IFRS on the profession around the world.
It’s quite clear that coronavirus is a devastating, exceptional and extraordinary worldwide event which will have a significant financial impact on many entities.
The financial reporting implications of coronavirus, together with the Government support, could prove challenging.
We have provided analysis on a number of areas detailing:
RSM’s IFRS illustrative financial statements provide the consolidated financial statements of several entities across a range of structures. The financial statements are prepared in accordance with International Financial Reporting Standards. They are an invaluable resource for anyone involved in the preparation or audit of a financial report under IFRS.
PUBLICATIONS AND ANNOUNCEMENTS
The educational modules to support the IFRS for SMEs Standard are now available at https://www.ifrs.org/supporting-implementation/supporting-materials-for-the-ifrs-for-smes/modules/