In this article, we explore the key criteria established by IFRS 16 for identifying leases, the aspects that often pose practical challenges, and the considerations organizations must take into account to comply with financial reporting requirements.
IFRS 15 introduced the five-step model for revenue recognition and applies specifically to contracts with customers. This article deals with Step 3 of the five-step model, which covers determining the transaction price.
Our transparency report provides in-depth insight into the approach we take at Grant Thornton to ensure we continually evolve our processes and capabilities, improving our quality so each of these aspects not only reflects, but also anticipates, the changing commercial and regulatory markets in which we operate.
We have responded to the European Commission's public request for feedback on their draft revising the European Sustainability Reporting Standards
The IASB issued a new standard on accounting for companies subject to rate regulation: the IFRS 20 ‘Regulatory Assets and Regulatory Liabilities’.
The Labour Modernisation Law approved in February 2026 created the Fondo de Asistencia Laboral to cover severance payments and will enter into force before the end of the year.
ESG benchmarking is developing into a valuable strategic tool for strategy, innovation and stakeholder trust in this playing field.
The Science Based Targets initiative (SBTi) has released the second version of its Corporate Net Zero Standard. This aims to provide a framework to assess, certify and track companies’ carbon reduction commitments and support science-based climate target setting.
On 7 May 2026, the European Banking Authority (EBA) published the final report on amending the Guidelines on the application of the definition of default under Article 178 of Regulation (EU) No 575/2013 (CRR), following the CRR3 amendments to Article 178(3)(d).
Read our first article of the Insights into IAS 7 series – ‘IAS 7 at a glance’.
With 130 votes in favour, the Chamber of Deputies of the Nation granted preliminary approval to the new incentive regime for large-scale investments aimed at new or emerging industries in Argentina.
We have published the 2026 version of 'IFRS Interim Example Consolidated Financial Statements’, which illustrates a six-month period beginning on 1 January 2026.
Europe has changed its standards, the expected data quality, traceability, the way risks are assessed and the requirements for supporting documentation. Although there is no law requiring companies from MERCOSUR countries to comply with European directives, these requirements are conveyed through European importers or customers.
Final Insights into IFRS 2 article released – ‘Presentation and disclosure of share-based payment transactions’
The European Commission has published the draft of the updated, simplified ESRS. The new standards aim to significantly reduce the cost of preparing sustainability reporting.
IFRS 18 introduces a new way to classify income and expense in the statement of profit or loss. Our new Insight looks in detail at these new requirements.