Currently, IFRS does not provide specific guidance on accounting for crypto assets. This IFRS Viewpoint seeks to explore the accounting issues that arise for miners and validators in mining and maintaining the blockchain in accordance with existing IFRS. It follows our earlier IFRS Viewpoint No.9 ‘Accounting for cryptocurrencies – the basics’.
The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging. Each year, new Standards and amendments are published by the International Accounting Standards Board (IASB) with the potential to significantly impact the presentation of a complete set of financial statements.
IFRS News is your quarterly update on all things relating to International Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide comment and points of view and give you a summary of any significant developments.
Potential accounting consequences of the US tax reform for IFRS preparers
an IFRS alert about the IASB issuing amendedments to IFRS 9
an IFRS alert about the IASB issuing amendments to IFRS 9
an IFRS alert about the IASB issuing amendments to IFRS 9
an IFRS alert about the IASB issuing a new practice statement
After twenty years of development the IASB has published IFRS 17 ‘Insurance Contracts’ (the Standard).
The UK has formally begun the process of negotiating its withdrawal from the European Union. The outcome of these negotiations will determine whether various exemptions and reliefs existing under EU tax legislation will continue to be available to entities in the UK and EU.
Assessing when one entity controls another (in other words, when a parent-subsidiary relationship exists) is essential to the preparation of financial statements in accordance with International Financial Reporting Standards (IFRS).
