United States:
IOSCO Emphasizes Importance Of Implementation And Disclosure For New Accounting Standards
29 December 2016
Cadwalader, Wickersham & Taft LLP
To print this article, all you need is to be registered or login on Mondaq.com.
The Board of the International Organization of Securities
Commissions ("IOSCO") stressed the importance of
implementation and disclosure related to new accounting standards
in a statement concerning revenue, financial
instruments, and leases. IOSCO said the new standards "are
expected to significantly affect the financial statements of many
issuers globally, given the breadth of their
applicability."
The statement also provides a series of
matters for issuers, their audit committees and
auditors to consider as issuers adopt the new standards and
auditors perform related audit procedures.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from United States
Secured Creditor Chapter 11 Considerations
Trenam Law
Lenders are naturally in a reactionary position when their borrowers file for Chapter 11. Following these tips will help position them for the best possible outcome.
Dos And Don'ts Of Interacting With Bank Regulators
Goodwin Procter LLP
Supervision is a daily fact of life for bank boards and management. Below, we offer strategies for how both board members and members of management can ensure that the supervisory process goes as smoothly as possible.