International


The IASC Foundation, the parent body of the IASB, on July 1 formally changed its name to the IFRS Foundation. The name change is designed to reflect more clearly what the foundation does, namely the publication and promotion of International Financial Reporting Standards (IFRS).

 

The International Financial Reporting Interpretations Committee (IFRIC) and the Standards Advisory Council (SAC) have been renamed as the IFRS Interpretations Committee and the IFRS Advisory Council, respectively.

 

The IASB’s name will remain unchanged. The IASB’s new website will be www.ifrs.org.

 

More from the JofA:

 

 Find us on Facebook      Follow us on Twitter

 

SPONSORED REPORT

States look to unclaimed property for revenue

This free report outlines the escheat process, common types of AUP, how different states are handling it and how companies can plan for potential audits and liabilities.

PODCAST

Using drones to enhance audits

Hermann Sidhu, CPA, global assurance digital leader at EY, walks us through EY’s exciting new project to use drones to help audit large warehouses and outdoor inventories.