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  • We comment on three IFRIC tentative agenda decisions

    22 Jul 2016

    We have published our comment letters to the IFRS Interpretations Committee on tentative agenda decisions not to take onto the Committee’s agenda (1) service concession arrangements for which the infrastructure is leased (IFRIC 12), (2) fees and costs included in the '10 per cent' test for the purposes of derecognition (IAS 39), and (3) written puts over non-controlling interests to be settled by a variable number of the parent’s shares (IAS 32).

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  • Video recordings from the EFRAG@15 event

    22 Jul 2016

    On 6 July 2016, the European Financial Reporting Advisory Group (EFRAG) held a celebration event and seminar to mark its 15th anniversary and welcome its new leadership.

  • SEC (US Securities and Exchange Commission) (dark gray) Image
  • US SEC names interim chief accountant

    22 Jul 2016

    The US Securities and Exchange Commission (SEC) has named Wesley R. Bricker, deputy chief accountant since 2015, as interim chief accountant.

  • IASB (International Accounting Standards Board) (blue) Image
    ICAEW (Institute of Chartered Accountants in England and Wales) (lt green) Image
  • ICAEW and IFRS Foundation announce IFRS 16 conference

    21 Jul 2016

    The IFRS Foundation, along with the Institute of Chartered Accountants in England and Wales (ICAEW), will be hosting an IFRS conference on the implementation of IFRS 16, "Leases," in London on 7 October 2016.

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

    21 Jul 2016

    Following its July 2016 meeting, the IASB has updated its work plan. The IASB has reorganised the way projects are presented, however, the main problem that progress on the individual projects cannot be traced properly anymore unless the Board makes definite progress or has to make larger corrections has not been rectified. In this news item, we explain the changed presentation and point out the few project changes that can be identified since the previous work plan.

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image
  • EFRAG issues feedback summary on recent leases outreach event

    20 Jul 2016

    The European Financial Reporting Advisory Group (EFRAG) has issued a summary of the feedback received on a joint leases outreach event co-hosted by the European Federation of Financial Analysts Societies (EFFAS), and the Association Belge des Analystes Financiers (ABAF/BVFA) on 5 July.

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  • ESMA calls for consistent application of IFRS 15

    20 Jul 2016

    The European Securities and Markets Authority (ESMA) has published a Public Statement aimed at promoting the consistent application of IFRS 15 'Revenue from Contracts with Customers' by European issuers listed on regulated markets.

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image
  • EFRAG seeks TEG applicants

    20 Jul 2016

    The European Financial Reporting Advisory Group (EFRAG) is calling for candidates for its Technical Expert Group (TEG).

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  • Alternative performance measures: A practical guide Image
  • Alternative performance measures: A practical guide

    published 22 Jul 2016

    This newsletter explores the key messages from regulators, standard setters and investors about the use of APMs, with a particular focus on assisting compliance with ESMA’s Guidelines on Alternative Performance Measures. It also sets out what is considered to be best practice when presenting APMs and provides real-life examples of how entities are presenting APMs.

  • Heads Up — Controls and non-GAAP measures Image
  • Heads Up — Controls and non-GAAP measures

    published 19 Jul 2016

    As part of its current focus on non-GAAP measures, the SEC has questioned whether companies and audit committees have implemented appropriate controls regarding the disclosure of such measures. This Heads Up discusses the types of controls that could be established and provides high-level examples of control issues and related responses for consideration in connection with non-GAAP measures.

  • Heads Up — SEC proposes to eliminate outdated and duplicative disclosure requirements Image
  • Heads Up — SEC proposes to eliminate outdated and duplicative disclosure requirements

    published 18 Jul 2016

    This Heads Up discusses the SEC’s July 13, 2016, proposed rule, Disclosure Update and Simplification, which would amend certain of the Commission’s disclosure requirements that may be redundant, duplicative, or outdated, or may overlap with other SEC, U.S. GAAP, or IFRS disclosure requirements. The proposal also seeks comment on whether certain of the SEC’s disclosure requirements that overlap with U.S. GAAP requirements should be retained, modified, eliminated, or referred to the FASB for potential incorporation into U.S. GAAP.

  • Thinking Allowed — The future of corporate reporting Image
  • Thinking Allowed — The future of corporate reporting

    published 13 Jul 2016

    Some commentators and organisations are asking whether evolution in reporting requirements is enough, or whether it is time for a more fundamental rethink about corporate reporting, particularly our reliance on an annual report with annual financial statements. In this publication we set out our view of the future of corporate reporting.

  • IFRS on point — June 2016 Image
  • IFRS on point — June 2016

    published 11 Jul 2016

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

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  • EFRAG endorsement status report 6 July 2016

    published 07 Jul 2016

    This endorsement status report update reflects the issuance of EFRAG endorsement advice on 'Clarifications to IFRS 15 'Revenue from Contracts with Customers''.

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