|Global Knowledge Gateway||
High-quality business reporting is at the heart of strong and sustainable organizations, financial markets, and economies. It allows organizations to present a cohesive explanation of their business and helps them engage with internal and external stakeholders, including customers, employees, shareholders, creditors, and regulators, while also promoting better internal decision making. Professional accountants are integral to all phases of organizational reporting. Read More
Nick Topazio, ACMA, CGMA, explains how companies can adopt integrated thinking and decision-making processes that are fundamental to the creation of an integrated report.
This guide aims to assist new preparers of integrated reports and offers suggestions for planning and preparing an integrated report drawing on the wisdom of some of South Africa’s most experienced reporters
For supreme audit institutions (SAIs) the adoption of the cash-basis IPSAS is a welcome development, as the International Standards of SAIs list IPSAS as an acceptable general purpose financial reporting framework. This article (pages 15-19) deals with some of the challenges faced by SAIs when auditing cash-basis IPSAS financial statements.
Countries’ Adoption of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs)–Early Empirical Evidence
December 3, 2014 - Taylor & Francis Online
The International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) is increasingly being adopted in a number of jurisdictions. Despite the economic importance of non-publicly accountable entities, little is known about what factors influence countries' decisions to adopt IFRS for SMEs. In a unique sample of 128 countries, they find that countries that are not capable of developing their own local generally accepted accounting principles are more likely to adopt IFRS for SMEs. Overall, the results are helpful in understanding the worldwide diffusion of IFRS for SMEs. Standard setters and regulators might consider the study in the future development of accounting harmonisation of non-publicly accountable entities.
The first report in the IIRC's Creating Value series brings together trends, research, market views, and case studies on Integrated Reporting (IR). It considers value to the board and provides a rich resource for organizations adopting IR, with views from those already on the IR journey, and evidence of the practical value of IR in today´s fast-moving markets.
From the perspective of price informativeness, quarterly reporting (QR) is generally considered as more desirable than semi-annual reporting because it brings more timely updates about the company´s operations to investors. An important caveat to note, however, is that the accounting information in quarterly reports usually contains more noise than semi-annual or annual reports, especially when QR is prepared on the "discrete basis."
As Islamic finance moves into the mainstream, a key challenge is identifying a suitably relevant and intelligible accounting framework that is comparable with conventional finance without
tainting compliance with Shariah.
December 2, 2015 - IFRS Foundation
January 22, 2015 - CPA Canada
January 22, 2015 - International Public Sector Accounting Standards Board
January 19, 2015 - Public Finance International
Topic Subcategories Types of Resources Sources
Discover More Resources
Types of Resources
Suggest a Resource, News Item, Event, or Discussion Topic