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  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image
  • Quantitative study on goodwill and goodwill impairment

    30 Sep 2016

    In connection with the post-implementation review of IFRS 3, the European Financial Reporting Advisory Group (EFRAG) conducted a study to find out when goodwill impairment was recognised and whether there was a bubble of goodwill building up. EFRAG has now published the quantative data gathered during the research to facilitate the debate related to the accounting for goodwill by providing evidence on how goodwill and goodwill impairment have evolved over time.

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  • FASB issues proposed ASU on insurance contracts

    30 Sep 2016

    The FASB has issued a proposed Accounting Standards Update (ASU) 'Targeted Improvements to the Accounting for Long-Duration Contracts'. The FASB's project runs parallel to the IASB's project to replace IFRS 4.

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  • Updated overview of Ind AS

    27 Sep 2016

    The Institute of Chartered Accountants of India (ICAI) has published 'Indian Accounting Standards (Ind AS): An Overview (Revised 2016)'.

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  • IASB Chairman's welcome address at the World Standard-setters meeting

    26 Sep 2016

    In his opening remarks at the 2016 Word Standard-setters (WSS) meeting that is currently taking place in London, IASB Chairman Hans Hoogervorst spoke on IASB developments in the last 12 months, the Board's priorities for 2017 and beyond, and the cooperation between national standard-setters and the IASB.

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  • Information on the financial reporting framework in Iran added to IAS Plus

    26 Sep 2016

    We have set up a new jurisdiction page for Iran on IAS Plus. Currently, Iranian companies have to apply Iran GAAP. However, a plan has been approved that the 100 largest listed companies in Iran and all banks will have to present IFRS financial statements for the fiscal year ending on 21 March 2017; all other listed companies are expected to present IFRS financial statements in 2018.

  • IASB (International Accounting Standards Board) (blue) Image
  • IASB updates work plan

    24 Sep 2016

    Following its September 2016 meeting, the IASB has updated its work plan. Of the progress or slippage that can be traced the most noticeable is the expected point of time the final standard on insurance contracts will be published: March 2017.

  • IASB document (blue) Image
  • IASB publishes editorial corrections

    21 Sep 2016

    The IASB has published a batch of editorial corrections that impact consequential amendments, stand-alone standards, and the IASB's “Blue Book”, "Red Book", and "Green Book".

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  •  A Roadmap to applying the new revenue recognition standard Image
  • A roadmap to applying the new revenue recognition standard

    published 28 Sep 2016

    This edition to Deloitte's Roadmap series summarizes (1) key provisions of the FASB’s new standard on revenue from contracts with customers, including the specific steps the standard outlines for recognizing revenue; (2) the standard’s disclosure requirements; (3) the standard’s effective date and transition; (4) other provisions and impacts of the standard, including implementation guidance and tax implications; and (5) recent developments related to applying and implementing the standard.

  • EITF Snapshot — September 2016 Image
  • EITF Snapshot — September 2016

    published 23 Sep 2016

    This issue summarises the topics discussed and conclusions reached at the 22 September 2016 meeting of the Emerging Issues Task Force.

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  • EFRAG endorsement status report 23 September 2016

    published 23 Sep 2016

    This endorsement status report update reflects that the amendments to IFRS 10, IFRS 12 and IAS 28 that address issues that have arisen in the context of applying the consolidation exception for investment entities have been endorsed for use in the European Union.

  • EFRAG endorsement status report 21 September 2016 Image
  • EFRAG endorsement status report 21 September 2016

    published 22 Sep 2016

    This endorsement status report update reflects that EFRAG has come to some slightly changed estimates regarding when final endorsement of certain pronoucements for use in the European Union is to be expected.

  • A roadmap to reporting discontinued operations Image
  • A roadmap to reporting discontinued operations

    published 16 Sep 2016

    This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance on reporting discontinued operations in ASC 205-20. The body of this Roadmap combines the principles from ASC 205-20 with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format. Further, the table of contents is a helpful navigational tool, providing links to topics and interpretations.

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