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IFRS News is your quarterly update on all things relating to International Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide comment and points of view and give you a summary of any significant developments.

Grant Thornton International Ltd releases IFRS Viewpoint on Classification of loans with covenants

Every business can benefit from the Internet of Things – just start small and choose wisely when deciding which operations you want to target.

New research from Grant Thornton’s International Business Report (IBR) reveals that going into 2016, EU businesses remain surprisingly resilient in their outlook despite risks posed by the migrant crisis, terrorism etc. Yet 2016 also brings fresh questions as US firms report a dent to their confidence amid concerns over export markets and the strength of the Dollar.

This publication provides a high-level summary of recent changes to IFRS that will affect companies' future financial reporting.

I recently finished an Asian tour to connect with our firms in the region and to meet some of their clients. The trip has been an eye-opening experience and a great opportunity to focus on this high-growth region.

How will Asia Pacific countries be affected by the BEPS recommendations?

Kenya’s economy is becoming more dynamic. For businesses seeking to expand, it could be the perfect stepping stone into the region.

Public Financial Management (PFM) is evolving from a narrow focus on budgeting towards a wider mandate as a key driver of policy and strategy across all levels of government, public services, state enterprises and public-private partnerships.

Grant Thornton International Ltd comments on IASB Request for Views – 2015 Agenda Consultation

The future of the insurance landscape is changing and the impact of strategy on mid-market companies is increasing. There are many challenges facing the insurance sector but our team of specialists have outlined five key areas that are under increasing pressure to adapt

Request for Views - Trustees’ Review of Structure and Effectiveness: Issues for the Review

The 2015 Grant Thornton International Business Report (IBR), a global survey of 2500 business leaders in 35 economies, has revealed that over the past 12 months more than 15% of businesses across the world have suffered a cyber-attack, costing a total of more than $300 billion (link). That's just the measurable costs. Who knows what the reputational damage, loss of trust and custom adds up to.

An increasing number of commentators and researchers think there might be a link between purpose and growth. So what does a purpose look like, and how can you define yours?

Common control business combinations

But as more commerce moves online, retailers need to be aware of cyber-attacks – only 46% are prepared, despite the $86bn cost in attacks annually.