IASB changes overshadowed by break-away from FASB


Accountancy Age


THE INTERNATIONAL accountancy standards setter has proposed changes to the way losses and loans are accounted, something that has been urgently called for by the G20. But, its introduction is shadowed by the earlier failed attempts to produce a unified proposal with the US accountancy standard setter. The proposed changes are expected to enable organisations and banks, in particular, to better align the management of their credit risk with their financial statements. Corporates…

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