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  • 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.

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  • 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 Guide through IFRS 2016 ('Green Book') is now available

    20 Sep 2016

    The IFRS Foundation has announced that '2016 A Guide through IFRS Standards' is now available. This volume (nicknamed the 'Green Book') includes the full text of the Standards and Interpretations and accompanying documents (such as the Basis for Conclusions) issued by the IASB as of 1 July 2016 with extensive cross-references and other annotations. This edition does not contain documents that are being replaced or superseded but remain applicable if a reporting entity chooses not to adopt the newer versions early.

  • FASB (US Financial Accounting Standards Board) (lt blue) Image
  • FASB proposes additional technical corrections and improvements to its new revenue standard

    19 Sep 2016

    The US Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU), “Technical Corrections and Improvements to Update 2014-09, 'Revenue From Contracts With Customers' (Topic 606) — Additional Corrections,” which would make minor changes to the Board’s new revenue guidance. This proposed ASU is the second set of technical corrections on revenue proposed by the FASB this year.

  • AcSB (Accounting Standards Board - Canada) Image
  • AcSB submits paper for ASAF discussion of rate regulation

    19 Sep 2016

    During the upcoming meeting of the Accounting Standards Advisory Forum (ASAF) at the IASB's offices in London on 29 September 2016, members will discuss rate-regulated activities. The Canadian Accounting Standards Board (AcSB) has submitted a paper on 'Results of research on the decision-usefulness of financial information that reflects the economics of rate-regulated activities' for the discussion.

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  • Deloitte releases e-learning modules on IFRS 16

    16 Sep 2016

    Deloitte’s Global Audit Learning group has released two e-learning modules on IFRS 16 (basic and advanced). These new modules are an addition to the extensive catalogue of IFRS e-learning content made freely available by Deloitte.

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  • Wayne Upton — An appreciation

    15 Sep 2016

    Wayne Upton, the IASB’s Director of International Activities and Chairman of the IFRS Interpretations Committee, who has died suddenly, was a friendly and thoughtful man and a benign though invariably forthright presence in all his activities.

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  • 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.

  • 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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  • Deloitte e-learning — IFRS 16 (advanced)

    published 16 Sep 2016

    This Deloitte e-learning module provides training in the background, scope and principles under IFRS 16 'Leases', and the application of this standard. This e-learning builds on the 'IFRS 16 Leases (basic)' e-learning module. In this module, you will deeper dive into the key principles of lease accounting and learn about areas of potential judgment in applying IFRS 16.

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  • Deloitte e-learning — IFRS 16 (basic)

    published 16 Sep 2016

    This Deloitte e-learning module provides training in the background, scope and principles under IFRS 16 'Leases', and the application of this standard. In this e-learning module you will learn about how to identify whether a contract is within the scope of the standard and the key principles of lease accounting.

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  • Deloitte comment letter on proposed amendments to the IFRS Foundation Constitution

    published 15 Sep 2016

    We (i) support the proposal to have three geographical regions to be used throughout the IFRS Foundation when determining the distribution of Trustees and the IASB and other appointments, (ii) disagree with the proposal to reduce the size of the IASB from 16 to 13 members, (iii) do not support reducing the number of meetings of the Advisory Council from three meetings per year to two, and (iv) encourage the IFRS Foundation Trustees to act much more as a body of non-executive directors.

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