• Register
Return to: Home > News > Standards > Grant Thornton UK director joins IASB and FASB

Grant Thornton UK director joins IASB and FASB

Grant Thornton UK director of financial reporting Jake Green has been granted membership of the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) Joint Transition Resource Group for Revenue Recognition (TRG).

Green leads Grant Thornton UK's technical team on financial reporting and is also a member of the International Financial Reporting Standards (IFRS) Advisory Council.

As financial reporting director, Green also represents Grant Thornton UK in front of the network's global IFRS interpretations group and revenue implementation group.

The TRG was launched in 2014 with the mandate to advise the IASB and FASB on possible implementation issues arising from the converged standard on the recognition of revenue from contracts with customers, issued in May 2014 by IASB and FASB.

The new standard aims to improve both revenue reporting and comparability reporting between financial statements globally.

Other members of the TRG include representatives from the Big Four, big industry and the wider accounting profession.


Related articles:

FASB and IASB create joint group for revenue recognition standard

Top Content

    Nigeria: building compliance and engagement

    Opportunities created by regulatory and legislative changes in Nigeria are tempered by the fragile state of the economy, although practitioners are generally confident that conditions will improve over the next few years if appropriate steps are taken. Paul Golden reports.

    read more

    Ghana: a quest for consistency

    Ghana’s current economic profile would suggest a fertile landscape for purveyors of accounting services. But inconsistent approaches to compliance and application of standards – coupled with problems in the banking sector and consequent liquidity constraints – have created a challenging environment. Paul Golden writes.

    read more

    Drone technology: audit takes to the skies

    The movement towards a digitised era has already impacted the auditing profession in a number of ways, from blockchain to artificial intelligence. Now firms are taking to sky and using drone technology in their audits. Mishelle Thurai speaks to Big Four firms to find out more.

    read more

    SBC: a new alliance joins the market

    Jonathan Minter speaks to Paul Tutin, chair of founding firm Streets Chartered Accountants, about why the business and its European partners took the decision to launch their own association.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.