new standard


Also found in: Wikipedia.

new standard

A newly-adopted benchmark or measure; a new way of judging something. High unemployment rates have become the new standard due to the country's economic strife.
See also: new, standard
References in classic literature ?
The soul grows into lovely habits as easily as into ugly ones, and the moment a life begins to blossom into beautiful words and deeds, that moment a new standard of conduct is established, and your eager neighbors look to you for a continuous manifestation of the good cheer, the sympathy, the ready wit, the comradeship, or the inspiration, you once showed yourself capable of.
The Prolog to 'Tamburlaine' makes pretentious announcement that the author will discard the usual buffoonery of the popular stage and will set a new standard of tragic majesty:
He had not been there a fortnight before it was evident to him that life, complicated not only with the Latin grammar but with a new standard of English pronunciation, was a very difficult business, made all the more obscure by a thick mist of bash fulness.
The old masters were tested by new standards. The esteem in which Raphael had been for centuries held was a matter of derision to wise young men.
He had acquired new standards of living, which were not easily to be altered.
California-based real estate and management company New Standard Equities (NSE) has announced Timothy Walters as its new Chief Investment Officer, the company said.
In view of this, the CBN said it has become imperative for the bank to amend the implementation timelines of the revised NCS/NICPAS 2.0 as follows: the new and the old cheques shall run concurrently for 17 months from the above-mentioned implementation date, after which the old standard would be phased out; All cheques ordered after September 1, 2019 must conform to the new standard.
Auto Business News-April 29, 2019--Maruti Suzuki updates Dzire Tour S with new standard safety equipment
While the two standards do have some differences-for example, ASC 606 allows a retrospective approach applying the new standard to completed contracts whereas IFRS 15 doesn't--they are nearly identical, so I will be treating them as one new standard.
Hafeez guided New Standard Secondary School to a huge 259-run victory over Hira Foundation School in the 9th PVCA/EBM Inter-school cricket tournament here the other day.
Replacing the current OSHAS 18001, the new standard is intended to offer one single set of requirements designed to help organisations of all types and sizes create and implement systems that proactively prevent work-related injury and ill health.
Muscat: A workshop was held on Tuesday to provide updated information on the latest accounting practices, the new standards issued by the International Accounting Standards Board (IASB) and the new standard IFRS 17 "Insurance Contracts", which was issued in May 2017 to replace IFRS 4 issued by IASB in 2004.
This internationally-recognised certification was achieved after an intensive external audit and assessment, conducted almost immediately after the publication of the new standard on March 12, 2018.
The new standard impacts the timing of recognition of revenue and costs, while having no impact on cash flow.
Companies interested in using the new standard won't have to wait long.