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  • TRG discusses implementation of new revenue standard

    22 Jul 2014

    At its July 18, 2014, inaugural meeting, the joint revenue transition resource group (TRG) and FASB and IASB board members discussed potential issues related to implementing the boards’ new revenue standard.

  • EFRAG Update detailing June/July developments

    22 Jul 2014

    The European Financial Reporting Advisory Group (EFRAG) has released a new issue of its 'EFRAG Update' newsletter, summarising the discussions held at the EFRAG TEG conference calls of 24 June and 3 July 2014 and the EFRAG TEG meeting of 14-16 July 2014.

  • Discussion Paper on accounting treatment for goodwill

    22 Jul 2014

    A Research Group of the Accounting Standards Board of Japan (ASBJ), the European Financial Reporting Advisory Group (EFRAG) and the Italian standard setter Organismo Italiano di Contabilità (OIC) has published a Discussion Paper 'Should Goodwill still not be Amortised? - Accounting and Disclosure for Goodwill' that argues that the reintroduction of amortisation of goodwill would be appropriate.

  • Latest edition of EFRAG Insider

    18 Jul 2014

    The European Financial Reporting Advisory Group (EFRAG) has published a new edition of the publicly available newsletter 'EFRAG Insider'.

  • The Bruce Column — Making the long-term work

    17 Jul 2014

    The B20 summit is taking place in Sydney. One of the greatest challenges facing the world economy, and one that is on the B20’s agenda, is that of how to enable investment in long-term infrastructure projects. A recent report and roundtable pointed a way. Robert Bruce, our resident, regular columnist, explains.

  • IFRS Advisory Council’s terms of reference amended

    17 Jul 2014

    During its July 2014 meeting, the IFRS Foundation Trustees approved an amendment to the secondary objective of the IFRS Advisory Council’s terms of reference in order to address a shift in focus from promotion and adoption of IFRS to one that encourages board participation in IFRS development.

  • IFRS conference in Mexico City announced

    17 Jul 2014

    The IFRS Foundation has announced that an upcoming conference will be held in Mexico City on 6-7 October 2014. The English and Spanish-language conference will include discussions on the latest IASB updates on the major IFRSs and its future plans. In addition, the conference will focus on innovations in IFRS disclosures and the support for consistent implementation of new IFRSs.