BDO has published IFRB 2024/12 IASB publishes Exposure Draft Provisions - Targeted Improvements (Proposed Amendments to IAS 37). The International Accounting Standards Board (IASB) published Exposure Draft Provisions - Targeted Improvements (Proposed Amendments to IAS 37) in November 2024. The Exposure Draft proposes targeted improvements to IAS 37 Provisions, Contingent Liabilities and Contingent Assets. The proposed amendments may significantly affect entities that currently apply IFRIC 21 in situations where levies are charged if an entity takes two or more specific actions. The proposed amendments also affect the costs to be included in the measurement of provisions and the discount rate to be used for determining the present value of provisions. BDO’s IFR Bulletin 2024/12 provides a snapshot of the proposals along with a brief background of the proposals and illustrative examples. https://ow.ly/xLeQ50UuJHB
About us
BDO is the leading provider of professional services within the mid-tier of our profession. We are proud to deliver seamless client service, from 1658 offices in 167 countries, across the world. Our 91K+ professionals continuously transform our approach by embracing future-oriented technology and focusing on quality. Strategic decisions and investments made in recent years have further equipped the organisation with the global infrastructure and innovative solutions needed to deliver long-term value for our clients. As a purpose-driven organisation, we do better.
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http://www.bdo.global
External link for BDO
- Industry
- Accounting
- Company size
- 10,001+ employees
- Headquarters
- Brussels, Brussels
- Type
- Privately Held
- Specialties
- Audit, Tax, Advisory, and Business Services & Outsourcing
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Brussels, Brussels 1930, BE
Employees at BDO
Updates
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BDO announces combined global revenues of over US$15 billion (€13.9 billion) for the financial year ending 30 September 2024, an increase of 7% USD (5% EUR). Service lines performed strongly, delivering consistent success across key areas. Patrick Kramer, Global CEO, said: "Amid a complex global economic and political landscape, our organisation remained committed to investing in our people and in technology, to continually adapt and respond to our clients' evolving needs. Our multi-disciplinary approach, ongoing commitment to quality, integrity and collaboration, and shared global vision, continues to drive impressive growth in international business while delivering sustainable value for our clients." Read the full press release here: https://ow.ly/uw7G50Ut94M Trond-Morten Lindberg Zara Hovhannisyan Daphna Smuckler Belinda Thompson Alicia DeFreitas, CHRL, M.HRM Jay Duke Robert Aziz Albert Lopez
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Meet Zara Hovhannisyan, Global General Counsel. Zara provides strategic legal guidance to the Global Board and our Global CEO, whilst upholding the highest standards of governance in our operations - inspiring stakeholder trust and protecting the reputation of the BDO brand. As part of our Global Leadership Team, and fluent in English, Armenian, Russian, French and Portuguese, Zara facilitates seamless legal collaboration within an increasingly complex and evolving business environment, helping firms across our global footprint to align with our new global vision ‘Global solutions. Driven to be the best.’ Zara holds a Master of Laws (LL.M) in International Corporate & Economic Law and is a member of the Belgian Institute of In-house Counsels, and a certified privacy professional. Patrick Kramer, Trond-Morten Lindberg, Albert Lopez, Alicia DeFreitas, CHRL, M.HRM, Basile Dura, Belinda Thompson, Daphna Smuckler, Jay Duke, Robert Aziz, Laura Watt. #BDOVision #DrivenToBeTheBest To find out more about our new global vision, click the link in the comments section below 🔻
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Stay ahead of the curve with valuable insights on global tax developments from specialists across BDO. President-Elect Trump has announced major tariff increases on goods from Canada and Mexico to be implemented on “day one” of his Administration. Both houses of the Australian parliament have passed Pillar Two global and domestic minimum tax legislation. Starting in 2025, VAT on virtual events in the EU will be taxed at the applicable VAT rate in the member state of the recipient, ushering in a significant change to the VAT treatment of these services. Digital platform operators in Canada will have reporting obligations in January 2025. https://ow.ly/aL2J50UrEYJ
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Want to know what's next for the tech industry in 2025? BDO USA's predictions cover everything from AI to e-sports. Don't miss out on these future insights. https://ow.ly/W90s50UpPgG
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Achieving net-zero carbon emissions starts with gathering and reporting on your organisation’s carbon emissions data – something that cannot be done efficiently and accurately without a robust ESG technology platform. Our Global ESG Technology Lead, Craig Smith, shares his thoughts on BDO’s journey and the insights gained during the roll out of our ESG technology platform. #ESG #technology https://ow.ly/WOlm50Up7b2
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Congratulations to BDO Limited (British Virgin Islands) for being honoured with three prestigious awards at the BVI Finance Financial Services Awards: 🏆 Corporate Social Responsibility of the Year, 🏆 Accounting Firm of the Year, and 🏆 Insolvency Firm of the Year! BDO BVI was also recognised as the runner up for the Audit Firm of the Year as well. These accolades are a testament to their unwavering commitment to excellence and dedication to making a positive impact in our community and industry.
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10,000 reasons to smile! BDO has grown tremendously in India, reaching an amazing milestone of over 10,000 employees. This incredible achievement wouldn’t have been possible without the hard work and dedication of everyone at BDO in India, BDO RISE Private Limited & BDO EDGE Congratulations! #BDOProud https://ow.ly/474250Uo3iX Milind S Kothari Yogesh Sharma
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BDO South Africa is excited today to announce a new office in their network, BDO Ghana, by adding SCG Chartered Accountants, effective as of the third quarter of 2024. The SCG Chartered Accountants operates from one office in Accra. The 45 people strong firm was formed in 2009 to provide audit, tax, accounting, and payroll services to the Ghana market. The firm has years of experience consulting to medium-sized companies across a range of industries, and holds the topmost A+ ranking, provided by the Ghana regulator ICAG. A warm welcome to George Katako, Managing Partner, BDO Ghana and his team. Find out more about BDO Ghana: https://ow.ly/3upI50Unpw6 Mark Stewart Genéa Tehini
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