International auditing standards (ias)

Accountants and accounting firm accountants and auditors International auditing standards (ias)IT Governance Framework The International Accounting Standards Board (IASB)The International Financial Reporting Standards

Decoding IAS 28 Revisions: Transforming Equity Method Practices for the Future

January 27, 2025by Dr Dawkins Brown

The International Accounting Standards Board (IASB) has recently released an Exposure Draft aimed at revising IAS 28, Investments in Associates and Joint Ventures. This initiative seeks to address longstanding application challenges, enhance comparability across financial statements, and improve the overall understandability of the equity method. These changes are particularly significant for entities using IAS 28...

Accountants and accounting firm accountants and auditors Financial Analysis International auditing standards (ias)Management Consultants

Measurement of ECL: Probability of Default vs Loss Rate Approach

January 21, 2025by Dr Dawkins Brown

The measurement of Expected Credit Losses (ECL) is a cornerstone of modern credit risk management under IFRS 9. ECL quantifies the potential losses a financial institution could face due to the default of a counterparty. Two widely used methodologies for calculating ECL are the Probability of Default (PD) approach and the Loss Rate (LR) approach....

Accountants and accounting firm accounting firm International auditing standards (ias)The International Accounting Standards Board (IASB)The International Financial Reporting Standards

How to Calculate Bad Debt Provision Under IFRS 9: A Comprehensive Guide for Receivables vs. Loans

January 21, 2025by Dr Dawkins Brown

IFRS 9 introduced the Expected Credit Loss (ECL) model to replace the incurred loss model for bad debt provisioning. The ECL model is a forward-looking approach that incorporates historical, current, and future economic data to estimate credit losses. While the principles of the ECL model apply universally, there are distinct approaches when calculating bad debt...

Accountants and accounting firm Accountants and Auditors in Kingston Jamaica Internal audit Internal audit firm International auditing standards (ias)

IFRS 17: Transforming the Insurance Landscape – A Strategic Perspective Introduction

December 5, 2024by Dr Dawkins Brown

The implementation of IFRS 17 Insurance Contracts marks one of the most significant accounting changes in the insurance industry in recent decades. Effective from January 1, 2023, this standard introduces a new level of transparency, comparability, and consistency to insurance reporting worldwide. For insurance entities, IFRS 17 is not merely an accounting adjustment—it is a...

accountants and auditors International auditing standards (ias)

Understanding International Standards on Auditing (ISA): Ensuring Consistent and Reliable Audit Practices

November 18, 2024by Dr Dawkins Brown

The global business environment demands a high level of financial transparency and accountability. This is where the International Standards on Auditing (ISA) come into play, serving as the backbone for consistent and effective audit practices worldwide. Issued by the International Auditing and Assurance Standards Board (IAASB), under the umbrella of the International Federation of Accountants...

International auditing standards (ias)

Decoding IAS 28 Revisions: Transforming Equity Method Practices for the Future

Measurement of ECL: Probability of Default vs Loss Rate Approach

How to Calculate Bad Debt Provision Under IFRS 9: A Comprehensive Guide for Receivables vs. Loans

IFRS 17: Transforming the Insurance Landscape – A Strategic Perspective Introduction

Understanding International Standards on Auditing (ISA): Ensuring Consistent and Reliable Audit Practices

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