IFRS Foundation News Alert
The International Accounting Standards Board recently issued amendments to the IFRS for SMEs Accounting Standard. Follow the link for more information:
The amendments to the IFRS for SMEs Accounting Standard are based on the amendments to IAS 12 Income Taxes, issued in May 2023.
An IFRS digital or IFRS digital and print subscription is required to download the document, by following the link:
Recent Articles
Audit Issues & Trends to Consider
Your Content Goes Here 1. Risk scoping Many auditors are still grappling with applying the principles of ISA 315 (Revised 2019) when performing risk assessment and audit scoping. The standard requires the auditor to [...]
Going Concern Audits: What ISA 570 Revised Means
Your Content Goes Here The International Standard on Auditing (ISA) 570 (Revised 2024), Going concern, issued by the IAASB, responds to growing expectations from stakeholders for more robust auditor [...]
Audit Issues & Trends to Consider
Audit Issues & Trends Your Content Goes Here Audit issues and trends to consider: 1. Regulated industries It is often required in regulated industries that the regulator approve the auditor to perform [...]
Overview of the IFRS for SMEs Accounting Standard 2025 Update
Your Content Goes Here On 27 February 2025, the International Accounting Standards Board (IASB) issued the third edition of the IFRS for SMEs® Accounting Standard. This edition aligns SME accounting more [...]
Audit Issues & Trends to Consider
Audit Issues & Trends Your Content Goes Here Audit issues and trends to consider: Auditing accounting estimates Every set of financial statements contains accounting estimates made by management. Estimates may, however, contain [...]
Professional Scepticism
Your Content Goes Here Misstatements in financial statements originate from errors or fraud. The risks of these occurring can only be appropriately determined with a thorough understanding of circumstances, systems [...]