Accounting standards, be they U.S. focused (Generally Accepted Accounting Principles), or standards promulgated by the International Accounting Standards Board (IASB) were both developed and ...

Accounting standards in the European Union and some countries in Asia are governed by the International Financial Reporting Standards (IFRS), which is governed by the International Accounting ...

A new study by Dr. Heylel-li Biton of the Hebrew University Business School sheds light on a long-standing question in global ...

International Financial Reporting Standards (IFRS) are based on the International Accounting Standards Board’s (IASB) Conceptual Framework for Financial Reporting. These common standards for financial ...

Introduction The International Accounting Standards Board (IASB) has taken a significant leap towards enhancing transparency and comparability in financial ...

Sustainability frameworks are increasingly breaking into the mainstream of disclosure practices. 3 A representative example is the recent effort to create sustainability-related financial reporting ...

GAAP and IFRS are both used to establish financial reporting standards, but they approach the job in very different ways. Read on to learn more.