ISA 265 – Communicating Deficiencies in Internal Control to Those Charged with Governance and Management deals with the auditor’s responsibility to communicate appropriately to those charged with governance and management deficiencies in internal control that the auditor has identified in an ‘audit’ of financial statements. Last Updated – August, 2026 … Read More
ISA 250 (Revised) – Consideration of Laws and Regulations in an Audit of Financial Statements deals with the auditor’s responsibility to consider laws and regulations in an ‘audit‘ of financial statements. Last Updated – August, 2026 International Standard on Auditing · Issued by the IAASB Auditing Standards Explained ISA 250 … Read More
IAS 38 explains the ‘accounting criteria‘ for intangible assets, which are non-monetary assets that are without physical substance and identifiable (either being separable or arising from contractual or other legal rights). IASB · IAS 38 · Intangible Assets CA Jhanzayb (ACA) Qualified Chartered Accountant · IFRS Specialist IAS 38 – Intangible … Read More
ISA 500 – Audit Evidence explains what constitutes audit evidence in an ‘audit‘ of financial statements and deals with the auditor’s responsibility to design and perform audit procedures to obtain sufficient appropriate audit evidence. Last Updated – June, 2026 International Standards on Auditing ISA 500 – Audit Evidence A comprehensive … Read More
The strategic positioning model helps businesses evaluate their current market position by analyzing internal strengths and external environmental factors. It combines tools like SWOT and PESTEL to identify competitive advantages and strategic gaps. Understanding the strategic positioning model enables organizations to make informed decisions and adapt to changing market conditions. … Read More
A basic earnings per share calculator helps investors and businesses quickly ‘measure profitability’ on a per-share basis. By dividing net income by the weighted average number of outstanding shares, this tool provides a clear view of financial performance. It’s essential for comparing companies and making informed investment decisions. Financial Analysis … Read More
The objective of IAS 19 is to prescribe the accounting and disclosure for ’employee benefits’. IAS 19 requires an entity to recognize: International Financial Reporting Standards Effective: 1 January 2013 · Last Revised: IASB 2018 Amendments International Accounting Standard IAS 19 – Employee Benefits A definitive reference for accountants, finance … Read More
Lessee accounting a concept that explains the way by which a lessee records the financial impacts of its leasing activities. As per IFRS 16, lessees recognize ‘right of use’ asset (RoU) and ‘lease liability’, reflecting the present value (PV) of future lease payments. IFRS 16 · ASC 842 · Lease … Read More
IFRIC 1 applies to changes in the measurement of any existing ‘decommissioning, restoration or similar liability’ that is both: Accounting Standards Reference Entrepreneurial Hub Home › Accounting › IFRIC 1 IFRS Interpretations · IFRIC 1 · ASC Analogues CA Jhanzayb (ACA) Qualified Chartered Accountant · IFRS Specialist IFRIC 1: Changes … Read More
ISA 720 (Revised) – The Auditor’s Responsibilities Relating to Other Information deals with the auditor’s responsibilities relating to other information, whether financial or non-financial information (other than ‘financial statements‘ and the ‘auditor’s report‘ thereon) included in an entity’s annual report. Last Updated – June, 2026 International Standards on Auditing · … Read More