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  • IFRS Foundation (blue) Image
  • Trustees update IFRS Foundation Constitution

    30 Nov 2016

    The Trustees of the IFRS Foundation have announced amendments to the IFRS Foundation Constitution. These amendments include the reduction of Board members from 16 to 14 and a reclassification of the geographical distribution of Board members and Trustees.

  • IASB (International Accounting Standards Board) (blue) Image
  • Françoise Flores appointed to the IASB

    29 Nov 2016

    The IFRS Foundation Trustees have announced the appointment of Françoise Flores to serve as a member of the International Accounting Standards Board (IASB). Ms Flores will join the IASB in January 2017 for an initial term ending 31 December 2021.

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  • European Commission announces decision to adopt IFRS 9

    25 Nov 2016

    On 22 November, the International Financial Reporting Standard (IFRS) 9 on Financial Instruments was adopted into EU law. There is no entry in the Offical Journal yet, however, the European Commission (EC) communicated the decision by press release.

  • AASB (Australian Accounting Standards Board) (lt blue) Image
  • Two AASB papers for the upcoming ASAF meeting

    25 Nov 2016

    The Australian Accounting Standards Board (AASB) has published two papers that will be discussed by members during the upcoming meeting of the Accounting Standards Advisory Forum (ASAF) at the IASB's offices in London on 8 and 9 December 2016: one on digital currency and one on country-by-country reporting.

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  • IASB podcast on tentative decisions in the insurance project

    24 Nov 2016

    The IASB has released a podcast discussing the deliberations at the November 2016 IASB meeting on the issues that have arisen from the external testing of a draft of IFRS 17 'Insurance Contracts' and in the drafting process thus far.

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  • Report on corporate governance policy in the European Union

    24 Nov 2016

    The CFA Institute, a global association of investment professionals, has published 'Corporate Governance Policy in the European Union: Through an Investor’s Lens'. The report identifies that investors believe there is still much that could be done in Europe to simplify mechanisms to enhance corporate accountability and realise maximum value from reforms that have already been undertaken.

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  • IFRS fokussiert - Prüfungsschwerpunkte der DPR 2017

    published 23 Nov 2016

    This German-language newsletter explains the enforcement priorities of the German Financial Reporting Enforcement Panel (FREP) for 2016 financial statements, which comprise the common enforcement priorities of the European Securities and Markets Authority (ESMA) and supplementing FREP priorities.

  • update-2016 Image
  • Update zum Bilanzstichtag 2016

    published 23 Nov 2016

    This German-language publication offers an overview of 2016 developments in national accounting and reporting, IFRSs, tax accounting, and corporate governance and enforcement that should be considered in preparing 2016 year-ends.

  • Heads Up — FASB proposes to amend the scope of modification accounting for share-based payment arrangements Image
  • Heads Up — FASB proposes to amend the scope of modification accounting for share-based payment arrangements

    published 18 Nov 2016

    This Heads Up discusses the FASB’s proposed Accounting Standards Update Scope of Modification Accounting. The proposal provides guidance on the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting under ASC 718. Specifically, an entity would not apply modification accounting if the fair value, vesting conditions, and classification of the awards are the same immediately before and after the modification.

  • EITF Snapshot — November 2016 Image
  • EITF Snapshot — November 2016

    published 18 Nov 2016

    This issue summarizes the topics discussed and conclusions reached at the November 17, 2016, meeting of the Emerging Issues Task Force.

  • Heads Up — FASB issues guidance on restricted cash Image
  • Heads Up — FASB issues guidance on restricted cash

    published 17 Nov 2016

    This Heads Up discusses the FASB’s Accounting Standards Update (ASU) Restricted Cash, which amends the guidance on the classification and presentation of restricted cash in the statement of cash flows. The ASU is based on the consensuses reached by the Emerging Issues Task Force on Issue No. 16-A, “Statement of Cash Flows: Restricted Cash.”

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