As we delve into the intricate world of International Accounting, it's imperative to stay abreast of the key developments that shape the global financial landscape. Let's take a look at the notable events and trends that defined the past year:
| Date | Event |
|---|---|
| January 1, 2021 | Implementation of IFRS 17 - Insurance Contracts |
| April 15, 2021 | Release of Exposure Draft on Sustainability Reporting |
| July 30, 2021 | SEC Proposes Amendments to Regulation S-X for Foreign Issuers |
| October 10, 2021 | Publication of OECD-G20 Inclusive Framework on BEPS 2.0 |
| December 20, 2021 | EU Adopts Directive on Public Country-by-Country Reporting |
These developments have far-reaching implications for international accounting professionals, shaping the way financial information is reported and analyzed on a global scale. By staying informed and adapting to these changes, we can navigate the complex terrain of international accounting with confidence and expertise.