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June 6, 2023

When accounting goes unaccounted for

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Ian Mackintosh

IFRS

IFRS Fanboy to World: Global Adoption of IFRS Is Inevitable

by Adrienne Gonzalez

"The quality of financial information produced by IFRS is very high, thanks to the work of the IASB, but also to the convergence project with the United States. And a decade of use by both advanced and developing economies has shown that our mission of a s ingle set of high global accounting standards is […]

IFRS

IASB Vice Chairman Suggests Adopting IFRS Is the Only Solution to Convergence Failure

by Adrienne Gonzalez

You know, I have to give it to these guys, they are nothing if not persistent. They are like that lady who is always calling me to talk about my credit card interest rates; no matter how many times I cuss her out, hang up on her, threaten to report her to the pretend federal […]

IFRS

Who Among Us Considers the IASB a “Success Story”?

by Caleb Newquist

Count IASB Vice Chairman Ian Mackintosh as one.

Ian Mackintosh called the IASB a success story, saying global standards are now accepted in more than 120 countries and high-profile non-signer the US will make a decision later this year.

A high-profile non-signer who increasingly sounds pessimistic about the whole exercise. Oh! India and Japan aren’t sold either. Sounds like a winner, doesn’t it?

Investors: IFRS unfit for purpose [Accountancy Age]