Tag Archives: IASs

Discuss the pros and cons of standard setting and refer to the conceptual framework. Point out that IASs and IFRSs are not very responsive (crisis in 2007/8 and IFRS 9 is effective from 2018).

Discuss the pros and cons of standard setting and refer to the conceptual framework. Point out that IASs and IFRSs are not very responsive (crisis in 2007/8 and IFRS 9 is effective from 2018). There are political issues: IASB and its US counterpart fail to converge into a common approach for Financial Instruments. Lobbying is […]