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IFRS News is your quarterly update on all things relating to International Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide comment and points of view and give you a summary of any significant developments.

This illustrative set of financial statements sets out good practice in the application of the presentation and disclosure requirements of IFRS for year-end reporters. It reflects changes in IFRS that are effective for the year ending 31 December 2013.

Grant Thornton article discussing the impact of the Foreign Account Tax Compliance Act (FATCA) on non-US companies.

Real estate and construction is probably not the first sector that comes to mind when you think about environmental sustainability. The construction process consumes large amounts of natural resources and energy, and can create significant waste. While the progress of development continues to add to our quality of life, the built environment is responsible for approximately two-fifths of global energy use and a third of carbon emissions. This means that, from design to demolition, the buildings in which we live, work and play have a huge impact on the environment.

F&B companies are using international expansion to chase profits globally.

Profitably growing a Food and Beverage company today is more difficult than ever – yet opportunities have never been greater.

Businesses in the world’s three biggest economies, the United States, China and Japan, are increasingly feeling the heat when it comes to recruiting skilled staff. Given that these countries together represent over a third of global output, a deficit of skilled staff could have a significant knock-on effect on economic growth not just in these economies but beyond.

This publication provides a high-level summary of recent changes to IFRS that will affect companies' future financial reporting. Changes are colour coded to help Chief Financial Officers identify the changes that will affect them most.

Drawing on data and insight from the Grant Thornton IBR, the Economist Intelligence Unit and the International Monetary Fund (IMF), this short report considers the outlook for the Thai economy, including the expectations of 200 business leaders interviewed in Thailand and more than 10,000 globally, over the past 12 months.

Technology is at the cutting edge of efforts to make growth more sustainable. As the global population swells and more people move into higher consumption classes, the demand for food, for energy, for water, will all increase. But the resources our planet offers will not. Clearly the status quo is not sustainable.

Private equity has always focused on creating value and helping promote growth in portfolio companies. Since the industry began, private equity firms have tried many ways to meet this ultimate objective – and with varying success. Now, post the global financial crisis, the question being asked more than ever is: how can private equity deliver its value-added promises?

Efficiency and cost savings are big business in hospitality and tourism. It's hard to think of another sector which was such an early adopter of environmentally-friendly business practices.

Global tax newsletter is designed to keep you up to date with significant tax developments around the world that impact businesses with cross-border operations. It addresses issues of a global nature as well as domestic tax developments of interest to foreign investors. The newsletter aims to cover tax developments on a regional and international basis.

Ed Nusbaum, global CEO of Grant Thornton, discusses the Q3 global economic outlook and finds the slowdown in Germany threatening eurozone and world growth prospects.

Recession, economic uncertainty, and market volatility have forced many miners out of the industry and brought others to the point of insolvency.

Jose Luis Sarrio (international business centre director and partner at Grant Thornton Peru) and Madeleine Blankenstein (international business centre director and partner at Grant Thornton Brazil) discuss the outlook for Latin America.