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Proposed Update to the IFRS Taxonomy 2018 Released by the IFRS Foundation

On September 20 2018, the IFRS Foundation published Proposed IFRS Taxonomy 2018 Update PTU/2018/1 relating to Common Practice (IFRS 13 Fair Value Measurement), which is now open to the public for consultation. According to the IFRS Foundation, the proposed amendment includes … Continue reading

The Benefits of Uniform Entity Identification

In September 2018, a joint report was issued by the Global Legal Entity Identifier Foundation (GLEIF) and the Data Foundation. Among other things, the report considered how Legal Entity Identifier (LEI) adoption across US federal agencies “could streamline entity identification … Continue reading

Revised Conceptual Framework Released by IASB

At the end of March 2018, the International Accounting Standards Board (IASB or Board) published its revised Conceptual Framework for Financial Reporting (Conceptual Framework). This new Conceptual Framework replaces its predecessor, which was issued back in 2010. Who uses the … Continue reading

The growing importance of data analytics for the SEC

On 25 June 2018, the U.S. Securities and Exchange Commission (SEC) published its draft strategic plan for fiscal years 2018 – 2022. Although comments for the draft closed on 25 July 2018, the draft provides ample insight into the SEC’s … Continue reading

Sixth ruleset from the XBRL US Data Quality Committee approved

The XBRL US Data Quality Committee (DQC) recently released its sixth ruleset regarding SEC (Securities and Exchange Commission) filings that use either the IFRS or US GAAP taxonomies. Here are some of the key highlights of the ruleset. What’s in … Continue reading

Country by Country Reporting: Getting It Right
  •   21 May, 2018  Posted By Karthik Sathuragiri   Posted in CbCR
  • Tags: , , ,

Country-by-Country (CbCR) reporting is part of Action 13: Transfer Pricing Documentation and Country-by-Country Reporting of the Base Erosion and Profit Shifting (BEPS) initiative by the OECD.   Part of a three-tiered approach CbCR is just one part of a three-tiered … Continue reading



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