The Institute of Chartered Accountants of Pakistan (ICAP) has been a member of International Federation of Accountants (IFAC) since its inception and also its Committee International Accounting ...

To start with, International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) to provide a common language for ...

RULES change. They adapt to evolving circumstances, reshaping themselves in response to new challenges and realities. Change necessitates adaptation and through adaptation, rules evolve to remain ...

Over the years, companies have relied on alternative performance measures (APMs) such as “adjusted earnings” or “underlying profit” to provide investors additional financial information beyond IFRS or ...