GAAP vs. IFRS: Key Differences Explained

Compare GAAP and IFRS, the leading accounting standards. Discover their key differences, understand global accounting ...
Business Recorder

IFRS 1 - Adoption and implementation in Pakistan

The Institute of Chartered Accountants of Pakistan (ICAP) has been a member of International Federation of Accountants (IFAC) since its inception and also its Committee International Accounting ...
Business Line

Carve Outs from IFRS

As the capital markets become increasingly global in nature, convergence of accounting standards towards a common set of high-quality accounting principles is a move in the right direction. Therefore, ...
The Nation Newspaper

Adoption of IFRS: Tax implications

In line with Section 8 of Federal Inland Revenue Service (FIRS) Establishment Act 2007, FIRS issued a draft circular in October last year to provide direction to stakeholders on the tax implications ...
Bizcommunity

Amendments to 5 International Financial Reporting Standards

These annual improvements are so sufficiently minor or narrow in scope that they were packaged in one document, even though the amendments are unrelated. Annual improvements are limited to changes ...
The Nation Newspaper

Tax implications of ifrs’ adoption (1)

On July 28, 2010, the Federal Executive Council accepted the recommendation of the Committee on the Roadmap to the Adoption of International Financial Reporting Standards (IFRS) in Nigeria, that it ...