Author Archives: Paul Zammit

IFRS Update: Holding Of Cryptocurrencies

DOWNLOAD THE ARTICLE: IFRS Update: Holding Of Cryptocurrencies During the last meeting held by the IFRS Interpretations Committee (IFRIC) the subject of holding cryptocurrencies was brought up. A tentative decision was taken to not add them to the standard-setting agenda (to be re-considered). It is important to mention that although there is a wide array […]

IASB clarifies its definition of ‘material’

  The IASB has amended its definition of material with effect from 1 January 2020, although entities are allowed to apply it earlier. Purpose The purpose of this definition is to help companies decide which information should be included in the financial statements, and which not. Some stakeholders in fact were expressing concern that the […]