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  • IASB publishes Discussion Paper on rate regulation

    17 Sep 2014

    The International Accounting Standards Board (IASB) has published a Discussion Paper (DP) relevant to companies whose business is influenced by a rate regulation regime of some kind. The purpose of the DP is to solicit feedback from constituents whether, and under which circumstances, financial effects arising from rate regulation should be accommodated in financial reporting. Comments are due 15 January 2015.

  • FSB provides monitoring update on long-term investment finance

    17 Sep 2014

    The Financial Stability Board (FSB) has published a report to the G20 Finance Ministers and Central Bank Governors on financial regulatory factors affecting the supply of long-term investment finance. The report provides an update on the FSB's ongoing monitoring efforts around this issue and summarises a survey of FSB members, continued engagement with practitioners in long-term finance from the private sector, consultation with FSB Regional Consultative Groups (RCGs), and work by the FSB Secretariat together with the staff of the IMF, World Bank and OECD.

  • Agenda for September 2014 IASB meeting

    12 Sep 2014

    The International Accounting Standards Board (IASB) will meet at its offices in London on 22–24 September 2014. The IASB will discuss the disclosure initiative, the research project on post-employment benefits, insurance contracts, the conceptual framework, and issues from the IFRS Interpretations Committee.

  • EFRAG updates endorsement status report for IFRS 10/IAS 28 amendments

    12 Sep 2014

    The European Financial Reporting Advisory Group (EFRAG) has updated its endorsement status report to include 'Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to IFRS 10 and IAS 28)', which was issued by the International Accounting Standards Board (IASB) on 11 September 2014.

  • IASB finalises amendments on sales or contributions of assets between an investor and its associate/joint venture

    11 Sep 2014

    The International Accounting Standards Board (IASB) has published 'Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to IFRS 10 and IAS 28)'. The amendments address a conflict between the requirements of IAS 28 'Investments in Associates and Joint Ventures' and IFRS 10 'Consolidated Financial Statements' and clarify that in a transaction involving an associate or joint venture the extent of gain or loss recognition depends on whether the assets sold or contributed constitute a business. They are effective for annual periods beginning on or after 1 January 2016, with earlier application being permitted.

  • New Zealand issues revised standards for not-for-profit entities

    11 Sep 2014

    The New Zealand Accounting Standards Board (NZASB) has issued revised versions of its Standards and Framework applying to Public Benefit Entities (PBEs) to incorporate specific requirements applying to not-for-profit entities in the top two 'tiers' under New Zealand's differential reporting framework. The revised requirements are based on International Public Sector Accounting Standards (IPSASs) issued by the International Public Sector Accounting Standards Board (IPSASB), and would see eligible New Zealand not-for-profit entities move away from a mix of requirements based on New Zealand equivalents to International Financial Reporting Standards (NZ IFRS) and other accounting policies under governing legislation or other mandates.