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Chronological List of Publications, with Links |
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Please remember that older publications may be out of date because of new or changed standards or other reasons.
- May 2008 Wiley IFRS: Practical Implementation Guide and Workbook (2nd Edition)
- April 2008 IFRSs in your Pocket 2008
- March 2008 Guide to IFRS 5 Assets Held for Sale and Discontinued Operations
- February 2008 Study of Half-yearly Reporting in the United Kingdom (Including IAS 34 Compliance Issues)
- February 2008 МСФО в кармане. 2007 год – IFRSs in your Pocket in Russian
- February 2008 IFRS Taskuopas 2007 – IFRSs in your Pocket in Finnish
- January 2008 Special Report on SEC Comment Letters to Registrants Using IFRSs
- January 2008 Deloitte Guidance on Transition to IFRSs in Canada (English and French Versions)
- January 2008 Guide de référence sur les IFRS 2007 (IFRSs in your Pocket, French, Deloitte & Touche (Canada)
- December 2007 Guía Rápida NIIF 2007 (IFRS in your Pocket 2007 Spanish, Deloitte Colombia)
- December 2007 Guía Rápida NIC/NIIF 2007 (IFRS in your Pocket 2007 Spanish, Deloitte Spain)
- November 2007 Changes to the Financial Reporting Framework in Singapore 2007
- November 2007 iGAAP 2008 Financial Statements for UK Listed Groups
- November 2007 IFRS in your Pocket 2007 – Czech Language
- November 2007 IFRS Model Financial Statements for 2007
- October 2007 IFRS Presentation and Disclosure Checklist for 2007
- September 2007 Overview and Impact in Denmark of IASB Insurance Discussion Paper (in Danish)
- September 2007 Guía Rápida IFRS (IFRS in your Pocket Spanish, Deloitte Chile)
- August 2007 iGAAP 2007 – A Guide to IFRS Reporting (Global Edition)
- August 2007 iGAAP 2007 – A Guide to IFRS Reporting in the United Kingdom
- June 2007 Guide to IFRS 2 Share-based Payment
- June 2007 Guide to IAS 34 Interim Financial Reporting
- May 2007 Mind the GAAP: Best Practice Tax Reporting in a Changing Environment
- April 2007 IFRSs in your Pocket 2007
- March 2007 iGAAP 2007 Financial Instruments: IAS 32, IAS 39, and IFRS 7 Explained
- March 2007 Comparison of IFRSs and US GAAP 2007
- February 2007 IFRS 8 Disclosure Checklist
- February 2007 IFRS in your Pocket 2006 – Turkish Language
- February 2007 IFRS Presentation and Disclosure Checklist for 2006 in German
- December 2006 IFRS Model Financial Statements and Presentation and Disclosure Checklist for 2006
- December 2006 Textbook: Applying International Financial Reporting Standards
- August 2006 Comparison between PRC GAAP and IFRS
- April 2006 Textbook: Australian Accounting Standards
- April 2006 IFRS Workbook and Guide
- September 2005 On Your Marks–Get Set? Transition to IFRSs in Retailing Sector
- September 2005 Model IFRS Financial Statements for 2005 in Chinese
- September 2005 Comparison of Australian Standards and IFRSs
- August 2005 Checklist for Transition from Danish GAAP to IFRSs (English)
- May 2005 IFRS – Introduction to International Financial Reporting Standards (Danish)
- May 2005 IFRS Model Financial Statements and Presentation and Disclosure Checklist 2005
- April 2005 Comparison of New Zealand GAAP and New Zealand 'Equivalents' of IFRSs
- March 2005 IFRS 1 Guide Polish Translation
- February 2005 The Half-time Results – Reviewing and Revising Corporate Interim Reporting
- January 2005 Guide to IFRS 1 First-time Adoption of IFRSs in German
- December 2004 Directors' Guide to Transition to IFRSs: Countdown to Transition
- November 2004 Is European Retailing Ready for IFRSs?
- August 2004 Guide to IFRS 1 First-time Adoption of IFRSs
- August 2004 Guide to IFRS 3 Business Combinations
- August 2004 Comparison of German GAAP and IFRSs – Rechnungslegung nach IFRS
- July 2004 Discussion Paper: An Overview of Australian Equivalents to IFRS – A Guide for Boards and Audit Committees
- June 2004 Spanish Language Overview of IFRSs 3, 4, and 5 and IFRIC 1
- May 2004 German Language Overview of New Business Combinations Standards: IFRS 3, IAS 36, and IAS 38
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Categories of Publications, with Links |
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| Descriptions of IFRS-Related Publications |
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| Ongoing Series of Publications |
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Model IFRS Financial Statements, Disclosure and Presentation Checklist, and IFRS Compliance Questionnaire
We have several types of model IFRS financial statements and related documents, in several languages, available for downloading on our Model Financial Statements Page. Related documents include IFRS Presentation and Disclosure Checklists, IFRS Compliance Questionnaires, special industry IFRS Model Financial Statements, and IFRS interim reports.
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Deloitte Comment Letters
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IASPlus Newsletter
Published quarterly, plus occasional special editions (usually when a Standard, Interpretation, Exposure Draft or Discussion Paper is issued), plus a year-in-review edition each January.Go to IASPlus Newsletter Download Page.
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Deloitte IFRS e-Learning Materials
Deloitte is pleased to make available, in the public interest and without charge, our e-learning training materials for IFRSs. Modules on nearly all IASs and IFRSs are now available.
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Technical Library: The Deloitte Accounting Research Tool
(Includes IASB Literature)
Deloitte & Touche LLP (USA) is making available, on a subscription basis, access to its online library of accounting and financial disclosure literature. "Technical Library: The Deloitte Accounting Research Tool" is comprehensive online library of accounting and financial disclosure literature – both official publications and Deloitte's own accounting manuals and other interpretive guidance. Updated every business day, Technical Library has an intuitive design and navigation system and powerful search features that enable users to quickly locate information any time, from any computer. Additionally, Technical Library subscribers receive periodic emails highlighting recent additions to the Technical Library. Technical Library includes:
- Deloitte's proprietary interpretive guidance
- The Financial Accounting Standards Board literature
- Emerging Issues Task Force consensus decisions and issue materials
- Securities and Exchange Commission rules, regulations, and forms
- American Institute of Certified Public Accountants accounting and auditing literature
- International Financial Reporting Standards
For more information, including subscription details and an online Technical Library demonstration, visit Deloitte's Technical Library.
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Accounting Roundup Newsletter
Issued at least monthly. Summarises selected recent accounting and financial reporting developments in the United States of America, including FASB, GASB, EITF, the SEC, and US issues relating to IFRSs. You can Download Accounting Roundup Here.
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EITF Snapshot Newsletter
EITF Snapshot is a newsletter published by Deloitte & Touche (United States). EITF Snapshot is published just a few days after each meeting of FASB's Emerging Issues Task Force. It enables readers to spot relevant topics and to understand quickly the meeting's outcome. You can Download EITF Snapshot Here.
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Global Offerings Services Newsletter
Deloitte's Global Offerings Services (GOs) group is a global team of practitioners assisting non-US companies and non-US practice office engagement teams in applying US GAAP and International Financial Reporting Standards and in complying with the SEC's financial reporting rules. GOs publishes a US Reporting Newsletter for Non-US Based Companies. You can Download the GOS Newsletter Here.
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| iGAAP IFRS Guide |
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 | iGAAP 2007 – A Guide to IFRS Reporting (Global Edition)
iGAAP 2007 A Guide to IFRS Reporting (2,070 pages, August 2007) sets out comprehensive guidance for entities reporting under International Financial Reporting Standards. The book provides invaluable assistance by:
- focusing on the practical issues faced by reporting entities;
- explaining clearly the requirements of IFRSs;
- adding interpretation and commentary where IFRSs are silent, ambiguous or unclear; and
- providing many illustrative examples.
The manual deals comprehensively with the 'stable base' of Standards that will apply until 2009, and also covers those further pronouncements issued by the IASB up to 31 March 2007 that are not yet mandatory.
iGAAP 2007 A Guide to IFRS Reporting is the ideal one-stop shop for entities reporting under IFRSs and for those contemplating a move to IFRSs. The author team drawn from Deloitte's IFRS Specialist network has a wealth of IFRS financial reporting experience around the globe. They have produced a practical working manual that explains the latest IFRS thinking. The resulting guidance is an authoritative and practical reference work for all preparers and users of IFRS financial statements and their advisers. iGAAP 2007 A Guide to IFRS Reporting can be purchased through CCH Online or by phone at +44 (0) 870 777 2906 or by email: customer.services@cch.co.uk (cite ISBN 978-1-84140-950-4).
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 | iGAAP 2007 – A Guide to IFRS Reporting in the United Kingdom
iGAAP 2007 A Guide to IFRS Reporting in the UK (2,498 pages, August 2007) sets out comprehensive guidance for UK companies reporting under International Financial Reporting Standards, by expanding the material included in the global edition of this book [described above]. The UK tailored edition provides invaluable assistance by:
- focusing on the practical issues that companies face;
- explaining clearly the requirements of IFRSs and how they differ from UK GAAP;
- adding interpretation and commentary where IFRSs are silent, ambiguous or unclear;
- identifying separately those UK-specific requirements that continue to apply; and
- providing many illustrative examples.
The manual deals comprehensively with the 'stable base' of Standards that will apply until 2009, and also covers those further pronouncements issued by the IASB up to 31 March 2007 that are not yet mandatory.
iGAAP 2007 IFRS Reporting in the UK is the ideal one-stop shop for companies reporting under IFRSs and for companies considering whether to move from UK GAAP to IFRSs in the near future. The author team from Deloitte have a wealth of IFRS financial reporting experience both within the UK and around the globe. They have produced a practical working manual that explains the latest global IFRS thinking, while being written from a unique UK perspective. iGAAP 2007 IFRS Reporting in the UK can be purchased through CCH Online or by phone at +44 (0) 870 777 2906 or by email: customer.services@cch.co.uk (cite ISBN 978-1-84140-929-0)).
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| IFRSs in Your Pocket Guides |
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IFRSs in your Pocket 2008 – English Version
IFRSs In Your Pocket 2008 (PDF 777k), seventh edition, April 2008. is a 112-page guide that includes information about:
- IASB structure and contact details.
- IASB due process.
- Use of IFRSs around the world, including updates on Europe, Asia, USA, and Canada.
- Summaries of each IASB Standard (through IFRS 3 and the amendment to IAS 27) and Interpretation (through IFRIC 14), as well as the Framework and the Preface to IFRSs.
- Background and current status of all current IASB projects.
- IASC and IASB chronology.
- Update on IFRS-US GAAP convergence.
- Other useful IASB-related information.
We are pleased to grant permission for accounting educators and students to print copies of the PDF file for educational purposes. Please contact your local Deloitte practice office to request a printed copy.
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IFRSs in your Pocket 2007 – English Version
IFRSs In Your Pocket 2007 (PDF 363k), sixth edition, April 2007, 100 pages. The 2008 edition of IFRSs in Your Pocket has been published (link is directly above). We are keeping the 2007 edition on line through the end of 2008 because it includes a summary of the older versions of IFRS 3 and IAS 27 that continue to be permitted through 2008. An entity can optionally use the newer versions of those standards for 2008 if it wishes. |
 | Guide de référence sur les IFRS 2007 (French Version of IFRSs in your Pocket from Deloitte & Touche Canada)
Deloitte & Touche (Canada) has published Guide de référence sur les IFRS 2007 (PDF 588k, 98 pages) – a French translation of IFRSs in your Pocket 2007. It includes a foreword from Ken Wild (Deloitte Global IFRS Leader); a description of the IASB structure; biographies of IASB members; an IASC/IASB chronology; table on use of IFRSs around the world; summaries of all IFRSs including Interpretations up through 30 June 2007; overviews of all IASB agenda projects; and more. |
 | Guía Rápida IFRS (Spanish Version of IFRSs in your Pocket from Deloitte Chile)
Deloitte (Chile) has published Guía Rápida IFRS (IFRSs in your Pocket 2006 in Spanish) (PDF 836k, 88 paginas, Marzo 2007). Esta edición de Guía Rápida a las normas Internacionales de información Financiera considera los cambios y nueva normativa que se han incorporado a las NIIF hasta diciembre de 2006, constituye una excelente herramienta que le servirá para conocer y comprender las NIIF, facilitar su implantación y saber cómo se están aplicando estas normas de información en todo el mundo. |
 | Guía Rápida NIC/NIIF 2007 (Spanish Version of IFRSs in your Pocket 2007 from Deloitte Spain)
Deloitte (Spain) has published Guía Rápida NIC/NIIF 2007 (PDF 692k, 116 pages, September 2007) – a Spanish translation of IFRSs in your Pocket 2007. It includes forewords from Ken Wild (Deloitte Global IFRS Leader) and Manual Arranz (Deloitte Spain IFRS Leader); a description of the IASB structure; biographies of IASB members; an IASC/IASB chronology; use of IFRSs around the world; summaries of all IFRSs including Interpretations up through 30 June 2007; brief summaries of IASB agenda projects; and more. |
 | Guía Rápida NIIF 2007 (Spanish Version of IFRSs in your Pocket 2007 from Deloitte Colombia)
Deloitte (Colombia) has published Guía Rápida NIIF 2007 (PDF 4,834k, 104 pages). Esta es una traducción al español para Latinoamérica de la versión original en inglés de IFRSs in your pocket 2007 (a Spanish translation for Latin America of English version of IFRSs in your Pocket 2007). It includes a foreword from Ken Wild (Deloitte Global IFRS Leader); a description of the IASB structure; biographies of IASB members; an IASC/IASB chronology; use of IFRSs around the world; summaries of all IFRSs including Interpretations up through 30 June 2007; brief summaries of IASB agenda projects; and more.
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 | IFRSs in your Pocket 2007 – Czech Language Translation
Deloitte Czech Republic has published IFRS do kapsy, the Czech Language Version of IFRSs in your Pocket 2007 (PDF 1,190k, 98 pages, November 2007). This edition includes a special introduction by Michal Petrman, Office Managing Partner of Deloitte Czech Republic, a comparison of the major differences between IFRS and Czech GAAP, plus all of the information in the English language edition.
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 | IFRS Taskuopas 2007 – IFRSs in your Pocket in Finnish
Deloitte & Touche (Finland) has published IFRS Taskuopas 2007 (PDF 354k, 101 pages, February 2008) – a Finnish translation of IFRSs in your Pocket 2007. This pocket guide includes summaries of all IFRSs including Interpretations issued through 30 June 2007. Because no major changes to IFRSs are expected to be applicable until 2009, this guide is an excellent summary of the current standards required for 2007 and 2008 reporting. However, there is also a summary of recent changes that will be effective in 2009.
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 | МСФО в кармане. 2007 год – IFRSs in your Pocket in Russian
Deloitte & Touche CIS (Russia) has published МСФО в кармане. 2007 год (PDF 1,427k, 72 pages, February 2008) – a Russian translation of IFRSs in your Pocket 2007. This pocket guide includes summaries of all IFRSs issued through 30 June 2007. Therefore, the summaries cover IASs through IAS 41 and IFRSs through IFRS 8, as well as Interpretations through IFRIC 12. Please click here for Information about Deloitte Russia.
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 | IFRSs in your Pocket 2006 – Turkish Language Translation
Deloitte Turkey has published UFRS Cep Kitapcigi 2006, the Turkish Language Version of IFRSs in your Pocket 2006 (PDF 1,239k, 72 pages, December 2006). This edition includes all of the information in the English language edition.
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| Deloitte Guides to Individual IASs and IFRSs |
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Deloitte Guide to IFRS 1 First-time Adoption of IFRSs
First-time Adoption – A Guide to IFRS 1 deals with first-time adoption issues related to the stable platform IFRSs, with focus on 2005 adopters. The booklet includes:
- A summary of IFRS 1.
- Specific issues related to first-time adoption.
- Questions and responses.
- A disclosure checklist.
- A large number of illustrative examples.
Click to Download First-time Adoption – A Guide to IFRS 1 (PDF 2,506k, August 2004, 104 pages).
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Deloitte (Germany) has published a German-language version of the above guide to applying IFRS 1. Click to Download IFRS 1 Praxisratgeber 'Erstmalige Anwendung der IFRS' (PDF 735k, January 2005, 145 pages)
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Deloitte (Poland) has published the Polish translation of the above guide to applying IFRS 1.
Deloitte opublikowal polskie wydanie popularnego przewodnika po MSSF 1. Podobnie jak w wersji angielskiej, polskojezyczny przewodnik zawiera:
- Podsumowanie postanowien MSSF 1.
- Kwestie szczególowe zwiazane z pierwszym zastosowanie MSSF.
- Pytania i odpowiedzi.
- Liste kontrole prezentacji i ujawnien.
Kliknij, aby sciagnac Przewodnik po MSSF 1. Zastosowanie MSSF po praz pierwszy (PDF 1,426k, marzec 2005, 118 stron). Polskie wydanie przewodnika ukazalo sie równiez w wersji CD ROM wraz z wydaniem Rzeczpospolitej w dniu 23 marca 2005 roku.
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A Guide to IFRS 2 Share-based Payment
In June 2007, the Deloitte IFRS Global Office published an updated IAS Plus Guide to IFRS 2 Share-based Payment 2007 (PDF 748k, 128 pages, June 2007). The guide not only explains the detailed provisions of IFRS 2 but also deals with its application in many practical situations. Because of the complexity and variety of share-based payment awards in practice, it is not always possible to be definitive as to what is the 'right' answer. However, in this guide Deloitte shares with you our approach to finding solutions that we believe are in accordance with the objective of the Standard.
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A Guide to IFRS 3 Business Combinations
This guide:
- Outlines the key features of IFRS 3.
- Provides illustrative examples to assist in applying the standard.
- Discusses the requirements of IAS 36 Impairment of Assets and IAS 38 Intangible Assets as they relate to business combinations.
- Includes guidance on determining fair value for the purposes of accounting for business combinations; an overview comparison between the requirements of IFRS and those of US GAAP; a number of frequently asked questions; and illustrative disclosures.
Click to Download the Deloitte Guide to IFRS 3 (PDF 1,894k, August 2004, 84 pages).
Important: This guide covers IFRS 3 as issued in 2004. The IASB revised IFRS 3 in January 2008, effective 1 July 2009. We expect to publish an updated Guide to IFRS 3 in the second quarter of 2008.
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A Guide to IFRS 5 Assets Held for Sale and Discontinued Operations
In March 2008, the Deloitte IFRS Global Office published an IAS Plus Guide to IFRS 5 Assets Held for Sale and Discontinued Operations (PDF 813k, 76 pages, March 2008). Since issuance of IFRS 5 in 2004, a number of practical issues have arisen in its application – principally because the guidance in the Standard is not always clear as to how certain transactions should be accounted for and how the requirements of IFRS 5 interact with those of other Standards. This guide, in addition to providing detailed summaries and explanations of the requirements of IFRS 5, includes supplementary guidance and examples based on Deloitte's experience with the Standard. It summarises the latest IFRS thinking and the evolving literature – including on issues such as partial disposals of subsidiaries, and the impact of the disclosure requirements of other Standards. Appendices provide a comparison with US GAAP and a checklist of IFRS 5's presentation and disclosure requirements.
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IFRS 3: Unternehmenszusammenschlüsse sowie Änderungen der IAS 36 Wertminderung von Vermögenswerten und IAS 38 Immaterielle Vermögenswerten
Deloitte (Germany) has published a German Language Overview of IFRS 3 Business Combinations and the related new rules in IAS 36 Impairment of Assets and IAS 38 Intangible Assets (PDF 579k, 21 pages, May 2004).
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iGAAP 2007 Financial Instruments: IAS 32, IAS 39 and IFRS 7 Explained
Deloitte & Touche LLP (United Kingdom) has developed iGAAP 2007 Financial Instruments: IAS 32, IAS 39 and IFRS 7 Explained (Third Edition), which has been published by CCH. This publication is the authoritative guide for financial instruments accounting under IFRSs. The 2007 edition expands last year's edition with further interpretations, examples, discussions from the IASB and the IFRIC, updates on comparisons of IFRSs with US GAAP for financial instruments, as well as a new chapter on IFRS 7 Financial Instruments Disclosures including illustrative disclosures. iGAAP 2007 Financial Instruments: IAS 32, IAS 39 and IFRS 7 Explained (628 pages, March 2007) can be purchased through CCH Online or by phone at +44 (0) 870 777 2906 or by email: customer.services@cch.co.uk.
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Interim Financial Reporting: A Guide to IAS 34
IAS 34 Interim Financial Reporting prescribes the minimum content for an interim financial report, and the principles for recognition and measurement in financial statements for a financial reporting period shorter than a full financial year. This guide provides an overview of the Standard, application guidance and examples, a model interim financial report, and an IAS 34 compliance checklist. Click to Download the Deloitte Guide to IAS 34 (PDF 531k, June 2007, 60 pages).
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Summaries of IFRSs 3, 4, and 5 and IFRIC 1 in Spanish
Download this Publication (PDF 916k, June 2004, 28 pages).
Sumarios de:
- NIIF 3 Combinaciones de negocios, Modificaciones a NIC 36 Perdidas de valor de los activos y a NIC 38 Activos intangibles
- NIIF 4 Contratos de seguro
- NIIF 5 Activos destinados a la venta y operaciones discontinuadas
- IFRIC 1
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| Textbooks and Workbooks on IFRSs by Deloitte Authors |
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Textbook: Applying International Financial Reporting Standards (Enhanced Edition)
Paul Pacter, a director in Deloitte's IFRS Global Office and Webmaster of IASPlus, is co-author of the Second (Enhanced) Edition of the leading university textbook on IFRSs, Applying International Financial Reporting Standards, published in December 2006 by John Wiley and Sons (Australia). The focus of this 1,236-page text is on the interpretation, analysis, illustration, and application of IFRSs. The textbook has been written for intermediate and advanced financial reporting courses, at both undergraduate and postgraduate level, and aligns with the knowledge expectations of the accounting profession. Paul's co-authors are Keith Alfredson, former chairman of the Australian Accounting Standards Board (AASB); Ruth Picker, IFRIC member and a technical partner of Ernst & Young; Ken Leo and Jeannie Radford, both of Curtin University of Technology; and Victoria Wise of Victoria University. Here is the Book's Home Page, for more information and on-line purchasing. Or, for international orders, email custservice@johnwiley.com.au (cite ISBN: 9780470808238).
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Textbook: Australian Accounting Standards
Paul Pacter, a director in Deloitte's IFRS Global Office and Webmaster of IASPlus, is co-author of a university textbook released in April 2006 – Australian Accounting Standards, published by John Wiley and Sons, Australia. The focus of this 1,110-page text is on the application of accounting standards issued by the Australian Accounting Standards Board. The book has been written for intermediate and advanced financial reporting courses, at both undergraduate and postgraduate level. Paul's co-authors are Ruth Picker, Ken Leo, Keith Alfredson, Jeannie Radford, and Victoria Wise. For international orders, email custservice@johnwiley.com.au (cite ISBN-10: 047081148X).
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Wiley IFRS: Practical Implementation Guide and Workbook (2nd Edition)
Deloitte partners Abbas Ali Mirza and Magnus Orrell are co-authors, along with Prof Graham Holt, of the second edition of Wiley IFRS: Practical Implementation Guide and Workbook, published by John Wiley & Sons in May 2008 (ISBN: 978-0-470-17022-9). The 474-page book includes outlines of all IASs/IFRSs, practical insights, cases studies with solutions, illustrations, and multiple-choice questions with solutions. For more information, go to The Book's Web Page.
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| IFRS Publications Relating to Individual Jurisdictions |
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Study of Half-yearly Reporting in the United Kingdom (Including IAS 34 Compliance Issues)
This Deloitte & Touche (United Kingdom) study found that many companies are failing to comply fully with new reporting requirements for half-yearly financial reports following the UK's introduction of the EU's Transparency Obligations Directive (TOD). Deloitte's report, titled Half a story, considers the impact of the TOD, which introduced more detailed and extensive requirements for half-yearly financial reports, including compliance with IAS 34 and shorter reporting deadlines. The report also includes some comparisons with the findings of previous Deloitte studies of half-yearly reporting in 2002, 2004, and 2006. Click for:
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Special Report on SEC Comment Letters to Registrants Using IFRSs
Deloitte & Touche LLP (United States) has published a Special Report that offers insight into the comments by the staff of the US Securities and Exchange Commission on the financial statements of foreign registrants using IFRSs. The report is titled SEC Comment Letters on Foreign Private Issuers Using IFRSs: A Closer Look (PDF 555k, 70 pages, January 2008). This Special Report is designed to help financial statement preparers understand the items that the SEC staff has focused on during its review process over the past two years. It includes extracts from actual comment letters as well as forward-looking considerations. The main topics covered in the IFRS report include:
- Financial instruments
- Income statement presentation
- Revenue
- Cash flow statements
- First-time adoption of IFRS
- Segment reporting
- Income taxes
- Employee benefits
- Impairment of assets
- Provisions
We have also published a similar report analysing comments on the financial statements of domestic registrants. A link can be found on the USA Jurisdiction Page.
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Deloitte guidance on transition to IFRSs in Canada (English and French Versions)
Canada has announced a plan to fully converge Canadian accounting standards with IFRSs by 2011 (see our Canada Page). To assist Canadian publicly accountable entities in the task of making the transition to IFRSs, Deloitte & Touche (Canada) has published The Conversion of Canadian GAAP to IFRSs: Volume One – Scoping the Effort in both English and French. This guide – the first in a series – focuses on scoping and planning for the journey to IFRSs. Subsequent volumes will address in increasingly greater detail other aspects of the road ahead, with more specific guidance on issues as they become more relevant to the timing of the process. Click to download:
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Overview and impact of the IASB's insurance DP in Denmark (in Danish)
In September 2007, Deloitte (Denmark) published a booklet about the IASB's Discussion Paper (DP) on Insurance Contracts. The DP is the first step in the IASB's project to develop a comprehensive global financial reporting standard for accounting for all insurance contracts from the perspective of the insurer. The publication (which is in the Danish language) provides an overview of the DP and examines the expected impact on Danish life and non-life insurance companies, including numerical examples. Click to Download the Deloitte Denmark Publication (PDF 1,082k, 12 pages, September 2007).
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Checklist for Transition from Danish GAAP to IFRSs
This Checklist for Transition from Danish GAAP to IFRSs in 2005 (PDF 685k, 11 pages, August 2005), from Deloitte Denmark, describes in English the areas of IFRSs that differ from Danish GAAP. This checklist is likely to be a useful tool for non-Danish speakers needing to know about the impact of IFRSs for entities listed on the Copenhagen Stock Exchange.
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Introduction to IFRSs (Danish)
IFRS – Introduction to International Financial Reporting Standards (Introduktion til de internationale regnskabsstandarder), in Danish, summarises each IFRS/IAS together with relevant interpretations (IFRIC/SIC) as well as the main differences between IFRSs and Danish GAAP. The publication also includes a short introduction to key factors in a successful conversion to IFRSs as well as helpful checklists on key differences between IFRSs and Danish GAAP and on Danish accounting rules that must be applied even if the company is reporting under IFRSs. Click here to download IFRS – Introduction to International Financial Reporting Standards (PDF 2.4mb, 244 pages, May 2005).
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iGAAP 2008 Financial Statements for UK Listed Groups
Deloitte & Touche LLP (United Kingdom) have developed iGAAP 2008 Financial Statements for UK Listed Groups, which has been published by CCH. This publication provides comprehensive guidance on the presentation and disclosure requirements that will apply to listed groups for 2007 and 2008. The first part of the book explains the regulatory framework that underlies the preparation of financial statements. The second part contains model financial statements accompanied by a detailed commentary, to illustrate the typical disclosures that will be required, including requirements of IFRSs, the Reporting Statement on OFRs, company law, the Listing Rules and the Disclosure and Transparency Rules. The model financial statements and commentary are based on the Standards and legislation that apply from 2007 and have been published by 30 September 2007. iGAAP 2008 Financial Statements for UK Listed Groups can be purchased through CCH Online or by phone at +44 (0) 870 777 2906 or by email: customer.services@cch.co.uk (cite ISBN 978-1-84140-980-1).
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Discussion Paper: An Overview of Australian Equivalents to IFRS – A Guide for Boards and Audit Committees
With the final versions of the Australian equivalents to International Financial Reporting Standards (A-IFRSs) having been issued by the Australian Accounting Standards Board in July 2004, this publication is designed to assist boards and audit committees to quickly come to terms with the requirements of A-IFRSs and their immediate impacts on current financial reporting. The guide also includes a number of key questions that boards and audit committees can use to assess preparedness for the transition to A-IFRSs, as well as examples of the narrative disclosures that might be appropriate for disclosing the impact of adopting A-IFRSs. Click to Download the Discussion Paper (PDF 4,021k, July 2004, 59 pages). Because A-IFRSs are virtually identical to IFRSs, this publication is likely to be useful globally, not just in Australia.
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| Publications Dealing with Transition to IFRSs |
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Directors' Guide to Transition to IFRSs
Deloitte's London IFRS Centre of Excellence has developed a 16-page Director's Guide to IFRSs as an insert in the December 2004 Edition of PLC Director Magazine. Titled Preparing for IFRS - A Director's Guide: Countdown to Transition, the guide includes suggestions for explaining the IFRS change to investors and strategies for smoothing the changeover. You can Download the Guide (PDF 4,926k). Because of the size of the file, you may see a white screen while the download is taking place.
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On Your Marks–Get Set? Transition to IFRSs in Retailing Sector
Deloitte & Touche LLP (United Kingdom) has published On Your Marks–Get Set, a booklet that identifies issues likely to arise as entities in the retailing sector make the transition to International Financial Reporting Standards. Specific issues examined include segment reporting (IAS 14); revenue recognition (IAS 18); inventories (IAS 2); impairment of assets (IAS 36); property, plant, and equipment (IAS 16); and goodwill and intangible assets (IFRS 3 and IAS 38). The booklet also summarises the results of a 2004 Deloitte benchmarking study of retailing groups to identify just how ready the retailing sector was to make the transition to IFRSs. (Links to reports of the 2004 benchmarking study are directly below.) Click to download On Your Marks–Get Set 2005 (PDF 312k, September 2005, 16 pages).
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Is European Retailing Ready for IFRSs?
A Deloitte European work group carried out a benchmarking study whose aim was to discover:
- How ready large European retailers are for IFRS?
- The preferred accounting options retailers are contemplating to adopt when available to meet the challenges raised by the new standards?
- Whether those solutions are appropriate and workable?
- Whether there is consistent understanding of the application of IFRS across the industry?
The conclusions of the benchmarking are startling:
- The European retail industry may not yet be fully ready for IFRS .
- Some retailers have underestimated the scale of the work needed to prepare for certain aspects of IFRS
- If current practices are maintained, companies may find themselves applying the standards in very different ways
- IFRS standards do not just pose technical challenges for the industry, but also create stakeholder communication issues.
Click to download:
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| IFRSs and National GAAP Comparisons |
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See also our page of Comparisons of IFRSs and Various National/Regional GAAPs
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 | IFRSs and US GAAP: A Pocket Comparison (2007)
Deloitte's Comparison of International Financial Reporting Standards and United States GAAP (PDF 208k, 36 pages) as of 28 February 2007. While this comparison is comprehensive, it does not attempt to capture all of the differences that exist or that may be material to a particular entity's financial statements. Our focus is on differences that are commonly found in practice. The significance of the differences enumerated in this publication – and others not included – will vary with respect to individual entities depending on such factors as the nature of the entity's operations, the industry in which it operates, and the accounting policy choices it has made. We are pleased to grant permission for accounting educators and students to make copies for educational purposes.
We have also published a Chinese Translation of our Summary of Key Differences Between IFRSs and US GAAP as of June 2004 (PDF 576k, June 2004, 17 Pages A4 size). 
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Comparison of Chinese GAAP and IFRSs
Deloitte (China) has published a comparison of accounting standards in the People's Republic of China and International Financial Reporting Standards. The publication compares IFRSs with (a) current Chinese Accounting Standards effective for 2006 and earlier and (b) the new Chinese Accounting Standards adopted by the Ministry of Finance of the People's Republic of China that are effective in 2007 for listed companies. The English version includes a foreword by IASB Chairman Sir David Tweedie. Click here to download:
Permission is granted to accounting educators and students to make copies for educational use.
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Comparison of Australian Standards and IFRSs
A-IFRS vs IFRS (PDF 244k, September 2005), details the differences between Australian equivalents to International Financial Reporting Standards (A-IFRS) and International Financial Reporting Standards (IFRS) as of September 2005. As the Australian Accounting Standards Board (AASB) considered the issuance of IFRS in Australia, several amendments were made to the finalised A-IFRS, including the removal of certain options permitted under IFRS, the inclusion of additional implementation guidance, and other minor wording changes. As a result of these changes, the choices available and some of the implementation considerations encountered by Australian entities will differ somewhat compared to their international counterparts, despite the fact that Australian companies applying A-IFRS will generally be able to make an unreserved statement of compliance with IFRS.
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Comparison of New Zealand GAAP and New Zealand 'Equivalents' of IFRSs
NZ IFRS and NZ GAAP: A Comparison (PDF 645k, April 2005, 38 pages), published by Deloitte (New Zealand) compares New Zealand 'equivalents' to IFRSs, as adopted by the NZ Financial Reporting Standards Board (FRSB), and New Zealand's current financial reporting standards. In New Zealand, reporting entities are required to adopt NZ-IFRSs at the latest for periods beginning on or after 1 January 2007, and they may elect to do so for periods beginning on or after 1 January 2005. Early adoption before 1 January 2005 is not permitted. When an entity adopts NZ-IFRSs it must do so in their entirety, not piecemeal. There are a number of differences between NZ-IFRSs and IFRSs:
- Wording has been amended to accommodate the New Zealand legislative environment, for example, references to the Financial Reporting Act 1993.
- Additional/amended requirements for public benefit entities.
- In some cases the FRSB has permitted only one of a number of options available in the corresponding IFRS.
- Additional disclosures.
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Changes to the Financial Reporting Framework in Singapore 2007
This booklet, published by Deloitte & Touche (Singapore), is an annual update of the recent changes to the financial reporting framework in Singapore. It includesw a summary of the new and revised FRSs and INT FRSs issued since our last edition in November 2006 and up to end of September 2007. There is also an updated comparison against IFRSs. To assist entities in considering and disclosing any potential impact arising from FRSs and INT FRSs issued but not effective in current year (such as the requirements of FRS 8 Operating Segments), the booklet includes a list of FRSs and INT FRSs with their respective issue dates and effective dates. Click to Download the Booklet (PDF 210k, October 2007, 23 pages). Links to this and earlier editions may be found on our Singapore Page.
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Comparison of German GAAP and IFRSs – Rechnungslegung nach IFRS
In August 2004, the second edition of Deloitte's 170-page comparison of German GAAP and IFRSs – Rechnungslegung nach IFRS – was published. The book contains a general introduction into IFRSs, the IASB, and the IAS regulation; a summary of the key aspects of IFRS 1; and a line item by line item comparison. It concludes with an executive summary.
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Ab dem Jahr 2005 wird die Bilanzierung nach IFRS-Richtlinien für börsennotierte Unternehmen verbindlich - für viele ein tiefer Einschnitt in interne Organisationsprozesse, der sich nicht nur auf das Rechnungswesen beschränkt. Aus dem Inhalt: Allgemeine Grundsätze für die Aufstellung von Jahresabschluss und Lagebericht, tabellarische Gegenüberstellung von IFRS- und HGB-Regeln, Besonderheiten der Konzernrechnungslegung, Ausblick auf Arbeitsprogramm 2004/2005 des IASB.
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For more information please visit the Publisher's Website.
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| Other Publications |
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The Half-time Results – Reviewing and Revising Corporate Interim Reporting
The Half-time Results – Reviewing and Revising Corporate Interim Reporting (PDF 345k, February 2005, 48 pages) consists of three parts:
- A survey on corporate interim reporting by listed companies to review progress compared to a 2002 Deloitte publication and to assess present UK practice against current and future reporting requirements for interim reports.
- Model interim financial statements to illustrate the typical content and disclosures expected of a UK listed company that chooses, in its 2005 interim report, to follow IAS 34 Interim Financial Reporting.
- A checklist for interim reporting covering the requirements of the UKLA Listing Rules, IAS 34, the Transparency Directive, and additional recommendations by the Statement on Interim Reporting by the Accounting Standards Board.
While focussed on interim reporting by UK listed companies, this publication should be of use to all IFRS adopters that prepare half-yearly or quarterly reports.
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Mind the GAAP: Best Practice Tax Reporting in a Changing Environment
Deloitte & Touche (United Kingdom) has published Mind the GAAP: Best Practice Tax Reporting in a Changing Environment (PDF 260k, 16 pages, May 2007). This publication contains recommendations as to how companies might address the challenges of tax reporting in financial statements brought about by recent changes including IFRSs and auditor independence. The report draws on market research that investigates how large businesses in the UK are managing the challenges of tax reporting and presents Deloitte's recommendations as to how companies can get to a 'fit for purpose' year end. Key recommendations for companies include the adoption of tax basis balance sheets, full quarterly tax reporting, and real time audits which conclude on the tax reporting impact of significant transactions, as they happen, to enable early identification of material issues.
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