ISA 810 (Revised) – Engagements to Report on Summary Financial Statements deals with the auditor’s responsibilities relating to an engagement to report on ‘summary financial statements’ derived from financial statements audited in accordance with ISAs by that same auditor. Last Updated – August, 2026 International Standard on Auditing ISA 810 … Read More
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 – Intangible Assets 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). Last Updated – June, 2026 IASB · IAS 38 · Intangible Assets CA Jhanzayb (ACA) Qualified Chartered … 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. Last Updated … Read More
The objective of IAS 19 – Employee Benefits is to prescribe the accounting and disclosure for ’employee benefits’. IAS 19 requires an entity to recognize: Last Updated – June, 2026 International Financial Reporting Standards Effective: 1 January 2013 · Last Revised: IASB 2018 Amendments International Accounting Standard IAS 19 – … 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. Last Updated – June, 2026 IFRS 16 … Read More
IFRIC 1 – Changes in Existing Decommissioning, Restoration and Similar Liabilities applies to changes in the measurement of any existing ‘decommissioning, restoration or similar liability’ that is both: Last Updated – June, 2026 Accounting Standards Reference Entrepreneurial Hub Home › Accounting › IFRIC 1 IFRS Interpretations · IFRIC 1 · … Read More