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March 26, 2023

When accounting goes unaccounted for

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Accounting Standards Advisory Forum

IFRS

IASB Practically Begging the U.S. to Join Its New Accounting Standards Advisory Forum Now

by Caleb Newquist

Back in November the IASB came up with the idea to start a new cool club called the Accounting Standards Advisory Forum. It was going to include 12 elite members of accounting rule wonkery that would be at the forefront of global financial reporting. There was one major to joining the ASAF, however, and that was […]

IFRS

Oh God, The IASB Is Humiliating Itself with Some Sort of IFRS-only Cool Treehouse Club Idea

by Caleb Newquist

Once upon a time, a few people got together and decided that we'd all be better off if businesses worldwide were all using one harmonious set of accounting rules. In 2001, when IASB took over as the main international standard-setting body for accounting rules, it ushered in the era of IFRS to be the gold standard […]