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2012

  • IASB updates work plan for recent decisions, new projects

    Oct 02, 2012

    The International Accounting Standards Board (IASB) has publicly released a revised work plan updating the expecting timing of various due process steps in its projects. There are a large number of changes, with deliverables for some projects being deferred, and a number of new projects included for the first time, reflecting recent board decisions. We've prepared a summary of the changes, together with a listing of the projects where a due process document is expected in the near future.

  • Integrated reporting update

    Oct 02, 2012

    A year after launching its Integrated Reporting Pilot Programme, the International Integrated Reporting Council (IIRC) has held a conference and announced a 'Prototype Framework' for integrated reporting as it moves towards finalising the framework by December 2013.

  • Deloitte IFRS seminar in the Middle East

    Oct 01, 2012

    At the Deloitte hosted forum “Global IFRS Forum and Master Class 2012” in Dubai, global leaders from the Middle East were updated on the latest developments in IFRS.

  • New IFRS for SMEs training modules

    Oct 01, 2012

    The IFRS Foundation Education Initiative has developed training modules for Section 27 'Impairment of Assets' and Section 34 'Specialised Activities' of the IFRS for SMEs.

  • Final notes from the September IASB meeting

    Sep 28, 2012

    The IASB's September meeting was held in London on 24-28 September 2012, some of it a joint meeting with the FASB. We have posted the remaining Deloitte observer notes from sessions on insurance contracts, revenue recognition, impairment, IFRIC Update, IFRS 11 — acquisition of interest, IAS 28/IFRS10, and the conceptual framework.

  • IASB decides on targeted re-exposure of insurance proposals

    Sep 28, 2012

    The IASB has announced that it will re-expose its proposals on accounting for insurance contracts, however, it will do so with targeted questions. Although the deliberations on the project are not complete the IASB believes re-exposing the proposals will contribute to reducing uncertainty in the market.

  • IFRS adoption in Colombia deferred to 2015

    Sep 28, 2012

    In reaction to many submissions received that point at difficulties regarding the implementation of IFRSs, the Colombian Government has deferred mandatory IFRS application to 2015. Application of the IFRS for SMEs was deferred to 2016. However, the government maintains that IFRS adoption is of utmost importance for the country's competitiveness and should be achieved as soon as possible.

  • Additional notes from the September IASB meeting

    Sep 27, 2012

    The IASB's September meeting is being held in London on 24-28 September 2012, some of it a joint meeting with the FASB. We have posted Deloitte observer notes from sessions on macro hedge accounting, bearer biological assets, annual improvements (2011-2013), and investment entities.

  • Further notes from the September IASB meeting

    Sep 26, 2012

    The IASB's September meeting is being held in London on 24-28 September 2012, some of it a joint meeting with the FASB. We have posted Deloitte observer notes from today's sessions on rate-regulated activities and classification and measurement.