Spanish accounting standards

accountability 2

The Use Of “Prudence” In Accounting Standards

Leandro Cañibano and Felipe Herranz | The International Accounting Standards Board (IASB) has reintroduced the concept of prudence to its draft revised Conceptual Framework approved in 2015. But the scope is different from that contained in the 1989 Framework and, of course, very different from what it normally is.