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  • IIRC issues two assurance on integrated reporting papers

    31 Jul 2014

    The International Integrated Reporting Council (IIRC) has published two assurance papers which provide an overview of assurance and its relationship to integrated report (<IR>). The papers are intended to stimulate global discussion for those interested in assurance.

  • ASBJ proposes use of modified IFRS

    31 Jul 2014

    The Accounting Standards Board of Japan (ASBJ) has issued Exposure Draft (ED) “Japan’s Modified International Standards (JMIS): Accounting Standards Comprising IFRSs and the ASBJ Modifications,” which provides details on the application of JMIS when preparing consolidated financial statements.

  • IASB issues second work plan update for July

    30 Jul 2014

    Following its July meeting, the International Accounting Standards Board (IASB) has again updated its work plan. The revised plan updates the expected redeliberation periods in the insurance contacts, leases and IFRS for SMEs projects, and extends the expected timing for the exposure draft in the conceptual framework project. The plan also reflects the IASB's decision to discontinue the 2013-2015 cycle of annual improvements in favour of a new 2014-2016 cycle, and updates the expected timing of board discussions on a number of research projects.

  • EFRAG outreach event on leases

    30 Jul 2014

    The European Financial Reporting Advisory Group (EFRAG) will be holding an outreach event in Brussels on 15 September 2014 to discuss preliminary results of its public consultation on leases.

  • July 2014 IASB meeting notes — Part 2

    29 Jul 2014

    The IASB's meeting was held on 22–24 July 2014, some of it a joint meeting with the FASB. We have posted Deloitte observer notes from Wednesday's joint session on leases and the IASB only session on IFRS Interpretation Committee issues, as well as Thursday's session on rate-regulated activities.

  • Agenda for the September 2014 ASAF meeting

    25 Jul 2014

    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 25-26 September 2014. The meeting will discuss a number of the IASB's active projects, including the disclosure initiative, the conceptual framework, and liabilities/equity.

  • IASB work plan update for July 2014

    24 Jul 2014

    Following the issuance of IFRS 9 'Financial instruments', the International Accounting Standards Board (IASB) has updated its work plan. In the updated work plan, the completed projects on impairment and limited reconsideration of IFRS 9 have been removed.

  • IASB publishes final version of IFRS 9

    24 Jul 2014

    The International Accounting Standards Board (IASB) has published the final version of IFRS 9 'Financial Instruments' bringing together the classification and measurement, impairment and hedge accounting phases of the IASB's project to replace IAS 39 'Financial Instruments: Recognition and Measurement'. This version adds a new expected loss impairment model and limited amendments to classification and measurement for financial assets. The Standard supersedes all previous versions of IFRS 9 and is effective for periods beginning on or after 1 January 2018.

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