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Forbes contributors publish independent expert analyses and insights. Mary Foley covers ESG & sustainability regulation. Just about one year ago, I wrote in these pages that the sustainability ...

Discover the key differences in inventory accounting between GAAP and IFRS, including valuation methods, write-down reversals, and costing formulas.

The International Financial Reporting Standards (IFRS) Foundation has announced the publication of supporting materials for the “IFRS for SMEs Accounting Standard” for small and medium-sized ...

The International Financial Reporting Standards Foundation has published a set of near-final examples showing how companies can improve the reporting of uncertainties in their financial statements ...

Discover why IFRS prohibits LIFO accounting, including issues like distorted financials, outdated inventory values, and potential earnings manipulation.

LONDON, ENGLAND - FEBRUARY 01: A Union Jack flag flutters in front of the Elizabeth Tower, commonly known as Big Ben on February 1, 2017 in London, England. (Photo by Jack Taylor/Getty Images) The ...

In the wake of the Asia financial crisis of 1997-1998, market participants raised serious concerns about the reliability of reported financial data and the use of lenient or even “creative” accounting ...

The International Sustainability Standards Board has released an Exposure Draft proposing targeted amendments to greenhouse gas emissions disclosure requirements under the IFRS S2 Climate-related ...

For over ten years, companies in Australia have been reporting on their sustainability efforts using a range of voluntary frameworks and global standards. Having multiple reporting frameworks without ...

LAGOS (Reuters) - Nigeria's United Bank for Africa (UBA) on Tuesday joined a handful of Nigerian financial institutions in adopting international reporting standards, seen as key to restoring ...