According to experts, the new IFRS 15 concerning revenue recognition is a major milestone in accounting/reporting in recent years.
According to experts, the new IFRS 15 concerning revenue recognition is a major milestone in accounting/reporting in recent years.
It is worth considering whether the spread of outsourcing services by the so-called service organizations and the increase in the number of companies that provide such solutions is also followed by adequate attention to ensure that internal controls within an outsourcing company are appropriately designed and, more importantly, properly implemented so that a user organization is comfortable that the risk is limited to an acceptable level.
On 13 January 2016, the International Accounting Standards Board (IASB) issued the new International Financial Reporting Standard No. 16 (IFRS) – "Leases", which supersedes IAS No. 17.
Conducting an assets inventory check is an obligation arising from the Accounting Act (let us remind you that on September 23, 2015, a new Act dated July 23, 2015 on amendments to the Accounting Act and other Acts entered into force [Journal of Laws 2015, item 1333]).