Blog

IFRS 16 and COVID-19 related rent concessions

On 28 May 2020, the IASB issued amendments to IFRS 16, which provide relief for lessees in accounting for rent concessions granted as a direct consequence of COVID-19. Normally this type of rent concessions would meet the definition of a lease modification, which requires lessees to remeasure the lease liability based on the revised consideration … Continue reading IFRS 16 and COVID-19 related rent concessions

Financial Statement Fraud

Harry Markopolos once said: “…it’s not the armed robbers or drug dealers who cause the most economic harm, it’s the white-collar criminals living in the most expensive homes who have the most impressive resumes who harm us the most. They steal our pensions, bankrupt our companies, and destroy thousands of jobs, ruining countless lives.” What … Continue reading Financial Statement Fraud

Cryptocurrencies

A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems. The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, which serves as a public … Continue reading Cryptocurrencies

IFRS 16 SEMINAR

Our IFRS 16 seminar will take place on 25/6/2019 at the Synergy Conference Center. Please note that places are limited and will be allocated on a first come first served basis. See below for details and/or register your interest here. ABOUT THIS EVENT IFRS 16 Leases brings significant changes in accounting requirements for lease accounting, primarily for lessees. IFRS … Continue reading IFRS 16 SEMINAR

IFRS 15 SEMINAR

Our IFRS 15 seminar will take place on 14/5/2019 at the Synergy Conference Center. Please note that advance booking is essential as only 10 places are available for this event! See below for details and/or register your interest here. About this Event The IASB’s Standard IFRS 15 Revenue from Contracts with Customers is now effective for periods beginning on or after 1 January … Continue reading IFRS 15 SEMINAR