International


n The International Accounting Standards Board (IASB) published a discussion paper on the distinction between equity financial instruments and other financial instruments (non-equity instruments). The discussion paper is the first stage of the IASB’s project to improve and simplify the requirements in International Accounting Standard no. 32 (IAS 32), Financial Instruments: Presentation.

The project is a modified joint project between the IASB and FASB. In a modified joint project, one board leads the initial stage. In this case, FASB led the research stage and published a preliminary views document, Financial Instruments with Characteristics of Equity, in November 2007. The IASB’s current discussion paper will solicit the views of interested parties on whether the proposals in the FASB preliminary views document are a suitable starting point for the IASB’s deliberations. If the project is added to the IASB’s active agenda, the IASB intends to undertake it jointly with FASB. Comments are due by Sept. 5. For more information, visit www.iasb.org or www.fasb.org/draft/pv_liab_and_equity.pdf.

SPONSORED REPORT

How to make the most of a negotiation

Negotiators are made, not born. In this sponsored report, we cover strategies and tactics to help you head into 2017 ready to take on business deals, salary discussions and more.

VIDEO

Will the Affordable Care Act be repealed?

The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years. Eddie Adkins, CPA, a partner in the Washington National Tax Office at Grant Thornton, discusses what parts of the ACA might survive the repeal of most of the law.

COLUMN

Deflecting clients’ requests for defense and indemnity

Client requests for defense and indemnity by the CPA firm are on the rise. Requests for such clauses are unnecessary and unfair, and, in some cases, are unenforceable.