IASB requires disclosures about debt financing

The board responded to questions about changes in debt.

Amendments to IFRS require companies to provide information about changes in their financing liabilities. The changes were designed in response to requests from investors for information about changes in a company's debt.

The International Accounting Standards Board (IASB) issued the changes to IAS 7, Statement of Cash Flows. The amendments address evaluation of changes in liabilities arising from financing activities, including changes from cash flows and noncash changes such as foreign exchange gains or losses.

The changes are part of an initiative the IASB has undertaken to improve the effectiveness of disclosures in financial reports. The amendments take effect for annual periods beginning on or after Jan. 1, 2017.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.