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IASB and EAA to Hold Virtual Workshop on IFRS 18
Mar 25, 2024
On March 25, 2024, The International Accounting Standards Board (IASB) in conjunction with the European Accounting Association (EAA) announced that it will hold a virtual education workshop on IFRS 18 'Presentation and Disclosure in Financial Statements' on April 22, 2024.
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IASB proposes enhanced acquisition reporting transparency measures
Mar 14, 2024
On March 14, 2024, the International Accounting Standards Board (IASB) published a package of proposals aimed at enhancing the information companies provide to investors about acquisitions.
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SEC Adopts Rules to Enhance and Standardize Climate-Related Disclosures for Investors
Mar 06, 2024
On March 6, 2024, the Securities and Exchange Commission (SEC) adopted rules to enhance and standardize climate-related disclosures by public companies and in public offerings.
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CAQ releases statement on PCAOB's NOCLAR Roundtable
Mar 06, 2024
On March 6, 2024, the Center for Audit Quality (CAQ) released a statement regarding the recent roundtable conducted by the PCAOB on its NOCLAR proposal, indicating that the event did not unfold as anticipated.
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IVSC releases fifth perspective paper on intangible assets
Mar 04, 2024
On March 4, 2024, the International Valuation Standards Council (IVSC) published its fifth perspective paper “Data and Valuation” within the framework of its ongoing series “Time to get Tangible about Intangible Assets' that notes that despite the importance of intangible assets to the capital markets, only a small percentage are recognised on balance sheets.
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Updated IASB and ISSB work plan — Analysis (February 2024)
Feb 29, 2024
Following the IASB's and ISSB's February 2024 meetings, we have analysed the work plan on the IFRS Foundation website to see what changes have resulted from the meetings and other developments since the work plan was last revised in January 2024.
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IASB issues podcast on latest Board developments (February 2024)
Feb 29, 2024
On February 29, 2024, the IASB released a podcast hosted by Executive Technical Director Nili Shah featuring IASB Chair Andreas Barckow and IASB Vice-Chair Linda Mezon-Hutter discussing the deliberations at the February 2024 IASB meeting.
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IFRS Foundation releases summary of national standard-setters' research on materiality judgment guidance
Feb 27, 2024
On February 27, 2024, the IFRS Foundation issued a comprehensive summary that compiled evidence from national accounting standard-setters concerning the impact of guidance on materiality judgments within IFRS Accounting Standards and related materials.
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ISSB publishes February 2024 podcast
Feb 27, 2024
On February 27, 2024, the International Sustainability Standards Board (ISSB) released a podcast hosted by ISSB Chair Emmanuel Faber and Vice-Chair Jingdong Hua discussing the latest developments from the ISSB.
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AcSB Exposure Draft – Financial Instruments with Characteristics of Equity
Feb 22, 2024
On February 22, 2024, the Accounting Standards Board (AcSB) proposed to incorporate into Part I of the CPA Canada Handbook – Accounting, amendments to IAS 32 Financial Instruments: Presentation, IFRS 7 Financial Instruments: Disclosures, and IAS 1 Presentation of Financial Statements.
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Heads Up — Executive Summary of the SEC’s Landmark Climate Disclosure Rule
published Mar 26, 2024
This Heads Up briefly highlights key provisions of the SEC’s final rule on climate disclosures. The new rule requires registrants to provide comprehensive climate-related information in their annual reports and registration statements, including those for IPOs, beginning with annual reports for the year ending December 31, 2025, for calendar-year-end large accelerated filers.
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Quarterly Accounting Roundup First Quarter — 2024
published Mar 25, 2024
This roundup covers recent developments in accounting, auditing, and regulations. It highlights key actions by the SEC, including new rules on climate-related disclosures and special-purpose acquisition companies (SPACs). It also details pronouncements by the FASB on financial measurement, debt conversions, and employee awards. Additionally, the update also mentions the release of new global standards for internal auditing.
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Financial Reporting Spotlight — Disclosure Trends From the 2023 Reporting Season
published Mar 22, 2024
This Financial Reporting Spotlight provides insights into how Fortune 500 companies have addressed various disclosures in their annual reports as a result of the rapid transformation of the global business environment in recent years. It also examines certain new disclosure requirements that became effective in 2023.
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Audit Committee and Auditor Oversight Update No. 89
published Mar 17, 2024
This Update summarizes recent developments relating to public company audit committees and their oversight of financial reporting and of the company’s relationship with its auditor.
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Comprehensive Analysis of the SEC’s Landmark Climate Disclosure Rule
published Mar 15, 2024
This Heads Up examines the SEC’s March 6, 2024, final rule in detail. The final rule requires registrants to provide climate-related disclosures in their annual reports and registration statements, including those for initial public offerings and is effective beginning with annual reports for the year ending December 31, 2025, for calendar-year-end large accelerated filers.
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Questioning technology governance orthodoxy; On the board’s agenda, March 2024
published Mar 14, 2024
Formerly a siloed and specialized topic, technology has become interwoven throughout many facets of governance. According to Deloitte’s Tech Trends 2024, upcoming technology advancements are poised to fundamentally change how humans and machines interact in the workplace (and beyond). The board’s technology oversight processes may not be prepared for that kind of potential shift, but steps can be taken to reassess technology governance.
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iGAAP in Focus — Sustainability reporting: SEC adopts rule that requires climate-related disclosures
published Mar 08, 2024
In March 2024, the SEC adopted a final rule that requires registrants to provide climate-related disclosures in their annual reports and registration statements. This newsletter explains the contents of the rule.
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Women in the boardroom: A global perspective, eighth edition
published Mar 06, 2024
The eighth edition of the Deloitte Global Boardroom Program’s Women in the Boardroom: A Global Perspective, finds that women hold less than one-quarter of the world’s board seats (23.3% in 2023). For parity to become a reality, a wide range of stakeholders will need to devote greater focus and action to enable corporate boards to more accurately reflect the societies in which they operate.
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Time to get Tangible about Intangible assets; Part 2: Human Capital Introspective
published Mar 06, 2024
In the latest Perspectives Paper as part of the Intangibles Series, IVSC examines how Human Capital generates value for organisations and the attributes of such value creation, analyses how investors assess the enterprise value creation attributable to Human Capital via KPIs and investments; and discuses the value measurement techniques used to estimate the value of Human Capital directly.
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Financial Reporting Alert, Frequently Asked Questions About “Pillar Two"
published Mar 05, 2024
This Financial Reporting Alert provides responses to some frequently asked questions about how an entity should account for the tax effects of the global anti-base erosion model rules (“Pillar Two”) established by the Organisation for Economic Co-operation and Development (OECD).