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  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image
  • Call for applications: EFRAG president

    01 Sep 2015

    Following the decision by Mr Wolf Klinz not to pursue the post of President of the Board of the European Financial Reporting Advisory Group (EFRAG), the European Commission (EC) has launched a new call for applications for the post.

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  • Agenda for the October 2015 ASAF meeting

    28 Aug 2015

    The International Accounting Standards Board (IASB) has released the tentative agenda for the meeting of the Accounting Standards Advisory Forum (ASAF), which is to be held at the IASB's offices in London on 1-2 October 2015. The meeting will discuss the agenda consultation and a number of the IASB's active projects, including the conceptual framework, clarifications to IFRS 15, measuring quoted investments in subsidiaries, joint ventures and associates at fair value, pollutant pricing mechanisms, and the equity method of accounting.

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  • EFRAG ready to send out qualified endorsement advice on IFRS 9

    27 Aug 2015

    As reported earlier, the European Financial Reporting Advisory Group (EFRAG) intends to finalise the long-awaited endorsement advice on IFRS 9 ‘Financial Instruments’ next week. The draft of the final endorsement advice to be adopted has now been made available.

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  • Summary of the July ASAF meeting now available

    27 Aug 2015

    The staff of the International Accounting Standards Board (IASB) have made available a summary of the discussions of the Accounting Standards Advisory Forum (ASAF) meeting held in London on 16-17 July 2015.

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  • Report from spring 2015 IFASS meeting

    26 Aug 2015

    A report has been issued summarising the discussions at the meeting of the International Forum of Accounting Standard Setters (IFASS) held in Dubai on 23 and 24 March 2015.

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  • EFRAG plans project on accounting implications of the current interest rate environment

    25 Aug 2015

    The European Financial Reporting Advisory Group (EFRAG) has released the agenda and first meeting papers for the next EFRAG Board meeting, which will not only see the finalisation of the long-awaited endorsement advice on IFRS 9 but also discussions on a new pro-active project on accounting implications of low or negative interest rates.

  • ITG (Transition Resource Group for Impairment of Financial Instruments) (mid blue) Image
  • Agenda posted for the September ITG meeting

    21 Aug 2015

    The agenda has been released for the upcoming meeting of the Transition Resource Group for Impairment of Financial Instruments (ITG), which is being held at the IASB's office in London on 16 September 2015.

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  • Accounting Roundup — August 2015

    published 01 Sep 2015

    This issue features articles on (1) developments related to the FASB’s new revenue standard, including the Board’s issuance of (a) an ASU deferring the standard’s effective date and (b) a proposed ASU on clarifying principal-versus-agent considerations; (2) two derivative-related FASB proposals released in response to EITF consensuses-for-exposure; and (3) the SEC’s conflict minerals rule, including (a) the partial stay on the rule that was recently upheld by a federal appellate court and (b) a GAO report that analyzes the disclosures that entities have provided under the rule.

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  • Heads Up — FASB proposes amendments to new revenue standard’s guidance on principal-versus-agent considerations

    published 01 Sep 2015

    This Heads Up Up summarizes the key provisions of the FASB’s proposed ASU that would amend the Board’s new revenue standard to address issues raised regarding how an entity should assess whether it is the principal or the agent in contracts that include three or more parties (“principal-versus-agent considerations”). In addition, this newsletter reproduces the proposed ASU’s (1) questions for respondents and (2) illustrative examples that would amend or supplement the new revenue standard’s existing examples.

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  • Technically Speaking — September 2015

    published 01 Sep 2015

    This edition of 'Technically Speaking' from Deloitte (South Africa) includes articles on (1) customer acceptance clauses related to the new revenue standard (IFRS 15), (2) companies' obligations on announcements related to JSE listing requirements, (3) recent changes to JSE listing requirements and (4)changes, considerations and enhancements related to the new auditor's report.

  • IFRS in Focus — IASB proposes clarifications to IFRS 15 Image
  • IFRS in Focus — IASB proposes clarifications to IFRS 15

    published 28 Aug 2015

    This edition outlines the proposed clarifications to IFRS 15 'Revenue from Contracts with Customers' set out in the recent exposure draft ED/2015/6 'Clarification to IFRS 15' which was issued in July 2015 for public comment.

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  • Report on the H1 2015 IFASS meeting

    published 26 Aug 2015

    Report summarising the discussions at the meeting of the International Forum of Accounting Standard Setters (IFASS) held in Dubai on 23 and 24 March 2015.

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  • Heads Up — Anticipating the independent private sector audit after the year 2 conflict minerals reporting cycle

    published 25 Aug 2015

    This Heads Up discusses findings from our analysis of registrants’ Year 2 filings under the SEC’s final rule on conflict minerals. This newsletter also examines (1) the current state of conflict minerals reporting under the final rule, especially in light of a recent federal appellate court ruling regarding the rule’s constitutionality; (2) the independent private sector audit (IPSA); and (3) recommended next steps for registrants that are subject to the final rule and other conflict minerals reporting requirements.

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  • Heads Up — FASB issues ASU on employee benefit plan accounting

    published 14 Aug 2015

    The latest issue of Heads Up discusses the FASB's recently issued ASU 2015-12, "(Part I) Fully Benefit-Responsive Investment Contracts, (Part II) Plan Investment Disclosures, (Part III) Health and Welfare Benefit Plans," which provides guidance on certain aspects of the accounting by employee benefit plans. The ASU, which is being released in response to consensuses reached by the EITF, (1) requires an employee benefit plan to use contract value as the only measurement amount for fully benefit-responsive investment contracts, (2) simplifies and increases the effectiveness of plan investment disclosure requirements for employee benefit plans, and (3) provides employee benefit plans with a measurement-date practical expedient similar to the practical expedient provided to employers in ASU 2015-04, "Practical Expedient for the Measurement Date of an Employer's Defined Benefit Obligation and Plan Assets."

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  • IFRS on point — July 2015

    published 14 Aug 2015

    IFRS on Point, published at the end of each month, highlights critical IFRS-related financial reporting developments.

  • IFRS Project Insights — Insurance contracts Image
  • IFRS Project Insights — Insurance contracts

    published 13 Aug 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 13 August 2015.

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