The IFRS Foundation and the Chinese Ministry of Finance today announced the formation of a joint working group to explore ways and steps to advance the use of IFRS Standards within China, especially for internationally oriented Chinese companies.


The International Accounting Standards Board (IASB) has changed the effective date of IFRS 15 ‘Revenue from Contracts with Customers’ from 1 January 2017 to 1 January 2018, although early adoption continues to be permitted.

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