Historically, every country had its own accounting standards, each merging to some extent with its local corporate, labor, and tax laws. No matter how undesirable, it was natural to expect differences among nations. Globalization made these differences so impractical that from corporate leaders...

Australian Securities and Investments Commission's (ASIC) regulatory oversight of securities and financial markets has increased considerably over time. However, the wisdom of this model has recently been challenged by the Hayne Royal Commission as ASIC's enforcement activities were found to be...

Today, 144 jurisdictions have fully adopted the International Financial Reporting Standards (IFRS). Adding the number of jurisdictions that have not adopted but have converged their national standards with IFRS, the International Accounting Standards Board (IASB) is the world’s standard-setter...

Without Equity Crowd-sourced Funding (ECF), investing in promising small companies is an option available only to a small group of professional investors such as venture capitalists. Providing small companies alternative ways to access capital has become especially important today, owing to the...