IPSASB Proposes Improvements to Financial Instruments Reporting

The International Public Sector Accounting Standards Board (IPSASB) has proposed amendments to International Public Sector Accounting Standards (IPSAS) to conform to the financial instruments accounting standard developed by the International Accounting Standards Board (IASB), International Financial Reporting Standard (IFRS) 9, Financial Instruments. The comment due date is 31 December 2017. The proposal is set out…

IFAC Issues Guidance on Navigating Accountancy Regulations

The International Federation of Accountants (IFAC) has released new guidance to support professional accountancy organisations (PAOs) in navigating their national regulatory environments. IFAC developed the guidance, Making Regulation Work: Principles and Models for the Accountancy Profession (Making Regulations Work), in response to the regulatory evolution in recent years and the ongoing need for PAOs to…

Ethics Board Proposes Revisions to the Code of Ethics

The International Ethics Standards Board for Accountants (IESBA) has proposed revisions to the Code of Ethics for Professional Accountants (Ethics Code) that would establish a comprehensive framework to deal with all forms of inducements. The comment period ends on 8 December 2017. The Exposure Draft, Proposed Revisions to the Code Pertaining to the Offering and…