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  • 11 Sep 2018
  • Guru Raj Singh
  • IFRS

IFRS Foundation releases educational modules for the IFRS - SMEs Standard

In August 2018, the IFRS Foundation released an additional seven educational modules in respect of the 2015 version of the IFRS for SMEs Standard. These modules aim to assist anyone who wants to prepare, use, or understand financial statements that have been prepared under the Standard.

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  • 07 Sep 2018
  • Guru Raj Singh

Florida leads the way on digital data reporting

Although the private sector is quite familiar with digital reporting as mandated by the Securities and Exchange Commission (SEC) in 2008, the transition to machine-readable data such as the 10-K, 10-Q reports in XBRL formats still remains slow. However, with a recent law enacted in Florida, local government financial reporting looks set to change for the better.

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  • 05 Sep 2018
  • Guru Raj Singh
  • XBRL

The United States and Data Standardization – The Long Road Ahead

Data standardization has often been trumped as the gold standard for financial reporting – and justifiably so. Not only can it help ensure greater transparency and comparability between the financial performance and position of companies or local government bodies, but it can also lead to reduced costs when it comes to data preparation, conversion and interpretation.

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  • 29 Aug 2018
  • Guru Raj Singh
  • IFRS

Revised Conceptual Framework Released by IASB

At the end of March 2018, the International Accounting Standards Board (IASB or Board) published its revised Conceptual Framework for Financial Reporting (Conceptual Framework).

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  • 22 Aug 2018
  • Guru Raj Singh
  • SEC

The growing importance of data analytics for the SEC

On 25 June 2018, the U.S. Securities and Exchange Commission (SEC) published its draft strategic plan for fiscal years 2018 – 2022. Although comments for the draft closed on 25 July 2018, the draft provides ample insight into the SEC’s priorities over the coming years and its apparent willingness to embrace digitization.

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