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  • We comment on the proposed amendments to IAS 7

    01 Apr 2015

    We have published our comment letter on the International Accounting Standards Board's (IASB) Exposure Draft ED/2014/6 'Disclosure Initiative (proposed amendments to IAS 7)'.

  • IPSASB finalises proposals on reporting service performance information

    01 Apr 2015

    The International Public Sector Accounting Standards Board (IPSASB) has published Recommended Practice Guideline 3 (RPG 3) that provides guidance on the reporting of service performance information. The RPG is designed to allow public sector entities to be held accountable through the provision of high quality service performance information, by providing guidance on how such information should be presented, and its recommended characteristics.

  • IASB Chairman discusses non-GAAP measures

    31 Mar 2015

    In a speech given in Seoul, Korea, Hans Hoogervorst, Chairman of the International Accounting Standards Board (IASB), stressed that 'greater discipline' is needed in the use of non-GAAP measures.

  • Japan completes endorsement of IFRS 9 without modifications

    30 Mar 2015

    The Financial Services Agency (FSA) of Japan has announced that additional IFRSs were designated for use by companies voluntarily applying IFRSs in Japan. The announcement effectively includes all IASB pronouncements issued up to 31 December 2014. This means that endorsement of IFRS 9 'Financial Instruments' is now complete in Japan.

  • US SEC commissioner discusses global accounting standards

    27 Mar 2015

    Kara Stein, a Commissioner of the US Securities and Exchange Commission (SEC), gave her opinion on the future of IFRSs in the United States during a speech at the Brooklyn Law School in New York City. Ms Stein discussed international cooperation in the wake of the global financial crisis and called for worldwide collaboration on data aggregation and disclosure. She then discussed IFRS adoption in the United States, noting:

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  • IFRS Project Insights — Insurance contracts

    published 23 Mar 2015

    This edition of IFRS Project Insights provides a summary of the IASB's project on insurance contracts and discusses recent tentative decisions reached by the Board. This publication has been updated as of 23 January 2015.

  • EITF Snapshot — March 2015

    published 20 Mar 2015

    This issue summarises the topics discussed and conclusions reached at the 19 March 2015 meeting of the Emerging Issues Task Force.

  • Heads Up — FASB continues to clarify the new revenue standard

    published 20 Mar 2015

    This Heads Up summarizes the tentative decisions made by the FASB and IASB at their joint meeting on March 18, 2015, to discuss implementation of the new revenue standard. The decisions were about practical expedients upon transition, sales tax presentation, noncash consideration, and collectibility.

  • EFRAG endorsement status report 18 March 2015

    published 18 Mar 2015

    This endorsement status report update reflects the issuance of the final EFRAG endorsement advice letter on IFRS 15 'Revenue from Contracts with Customers'. Final endorsement of IFRS 15 is currently expected in the third quarter of 2015.

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