EY, the Big 4 accounting firm, has published an updated version of their guidance for accounting considerations of the Coronavirus pandemic.
IASB has launched a public consultation on proposed new accounting requirements for business combinations under common control.
IASB has published a proposed amendment to IFRS 16 that specifies how a company measures the lease liability in a sale and leaseback transaction.
IAASA has published an information note on how companies have accounted for leases and made disclosures under IFRS 16-Leases.
The Institute of Chartered Accountants of Pakistan (“ICAP”) has issued illustrative financial statements and disclosure checklists for Public Interest companies (PICs) and Medium-sized companies (MSCs) in Pakistan through its Circular No. 10/2020.
The International Accounting Standards Board (“IASB”) has issued amendments to IFRS 17- Insurance Contracts (“IFRS 17”) aimed at helping companies implement the standard and making it easier for them to explain their financial performance.