In this edition we are reintroducing our series on ‘Blind Freddy’ common errors, i.e. errors that are so obvious that even ‘Blind Freddy’ would spot them. Our first article focuses on common errors in cash flow statements.
The US Financial Accounting Standards Board has now also issued its updated guidance on lease accounting and we examine some of the major similarities and differences between the US and IASB requirements.
Lastly, we direct you to Australian approval of recent IASB amendments, and summarise feedback from roundtables held late in 2015 on ED 270 Reporting Service Performance Information.