Category Archives: IFRS

IASB Addresses “Materiality”

On September 14th, the IASB issued IFRS Practice Statement 2, Making Materiality Judgments,¬†on how management should make materiality judgements. A practice statement sets out nonauthoritative guidance. ¬†Therefore, in stating that their financial statements are prepared in compliance with IFRS, companies … Continue reading

Posted in Accountant, Auditing and Auditor Reporting, IFRS | Tagged , , , , | Leave a comment