Tag: yin toa lee

IASB rule change promotes transparency for investors and shareholders.

A new international accounting rule focused on asset impairment will force companies to review how they report expected losses on receivables and debt security investments.

New IFRS 15 revenue reporting standards update international practices for reporting revenue on bundled sales and projections, particularly effecting China and Hong Kong companies.

Updates to the FASB reporting guide regarding discontinued operations will expose companies’ strategic business shifts more easily. CT finds out how to mitigate this new risk.

As the IASB proposes changes to the international accounting standards on lease accounting, CT asks Yin Toa Lee, Ernst & Young’s partner in financial accounting advisory services, what adjustments firms should consider during the transition.