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The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging. Each year, new Standards and amendments are published by the International Accounting Standards Board (IASB) with the potential to significantly impact the presentation of a complete set of financial statements.

The IASB has published a revised Conceptual Framework that clarifies and updates its existing guidance.

International taxation is undergoing the biggest shake-up for a Generation.

IFRS News is your quarterly update on all things relating to International Financial Reporting Standards.