Vote boosts move to new IFRS and FASB standard on revenue recognition

Ralph Cunningham

November 13 2013

The road to a new global financial accounting standard for revenue recognition got shorter last week after the Financial Accounting Standards Board (FASB) voted to authorise the preparation of a final version of its work. The International Accounting Standards Board (IASB) is set to follow next week.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Request Access or Login

Topics

Ralph Cunningham

Ralph Cunningham worked at ITR between 2004 and 2018 and is now a freelance journalist.

more across site & shared bottom lb ros

More from across our site

Indirect Tax

The hidden compliance risk in Brazil's VAT enforcement delay

Despite initial hopes that the reporting obligation had been suspended, compliance challenges brought by Brazil’s indirect tax reform are very much a reality

Sam Sholli, August 20 2026

Direct Tax

The Latin American tax policy landscape in 2026: an overview

As tax authorities embrace AI and governments weigh pillar two reforms, Latin America is developing a more connected and internationally focused tax agenda

Lucas de Lima Carvalho, August 19 2026

Direct Tax

HMRC launches second tax adviser registration phase

Advisers with pre-existing corporation tax or self-assessment accounts must now register or risk enforcement action from HMRC

Tom Baker, August 18 2026

Direct Tax

The increasing importance of ‘economic substance’ under Indian income tax laws

India's tax authorities are increasingly scrutinising the rationale behind cross-border structures

Sanjay Sanghvi, August 18 2026

Direct Tax

Beyond the headlines: Can WTS UK win the battle for tax talent?

Sharmila Sanmugam's move from industry to WTS UK offers an early glimpse into how the fledgling firm hopes to compete with larger rivals

Sam Sholli, August 17 2026

Direct Tax

KPMG Australia confirms settlement with whistleblower who alleged tax division wrongdoing

Historical claims involving KPMG Australia's tax practice have surfaced as the firm battles a separate parliamentary inquiry into its handling of whistleblowers

Sam Sholli, August 14 2026

Direct Tax

Humanoid head with screens of graphs in the background

A taxing week: Democratised insights, inflated rates – the widening value gap in tax advisory

While AI is revolutionising tax work, it is also reshaping clients’ willingness to pay for advice and their perception of the value generated by tax advisers

Jorge Gallardo, August 14 2026

Podcasts

Podcast: Ryan's Tom Shave on acquisitions, competition and PE

From Dhruva Advisors to Svalner Atlas, Ryan is growing fast. Tom Shave discusses consolidation, competition, and tax’s private equity debate

Tom Baker, August 13 2026

Awards

ITR Middle East Tax Awards 2026: shortlist announced

ITR is delighted to reveal the shortlisted nominees for the Middle East Tax Awards

John Harrison, August 13 2026

Direct Tax

Unpacking HMRC’s approach to the pillar two side-by-side package

The UK has confirmed its approach to the OECD’s side-by-side deal, but US-parented groups may find pillar two compliance remains far from straightforward

Lauren Smyth, August 12 2026