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News

  • IFRS Foundation revamps eIFRS portal

    15 Oct 2014

    The IFRS Foundation has updated its eIFRS suite of online resources and now includes three levels of subscription: basic, professional and comprehensive. The updated eIFRS website features a new, easier-to-navigate user interface and offers better search functionality.

  • IFRSs 'reduce friction' in the global financial system

    15 Oct 2014

    At the thirty-first session of the United Nations Conference on Trade and Development (UNCTAD) Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) that is currently being held in Geneva, the Chairman of the IFRS Foundation, Michel Prada, spoke this morning about the importance of global accounting standards, how they are applied around the world, and what the IFRS Foundation, with the help of other organisations, is doing to ensure that they are implemented rigorously and consistently.

  • EFRAG Update detailing September/October developments

    14 Oct 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 CFSS meeting of 18 September 2014, the EFRAG TEG conference calls of 16 September and 1 October 2014 and the EFRAG TEG meeting of 8 and 9 October 2014.

  • Agenda for October 2014 IASB meeting

    13 Oct 2014

    The International Accounting Standards Board (IASB) will meet at its offices in London on 22–24 October 2014. Part of the meeting will be held jointly with the Financial Accounting Standards Board (FASB) to discuss the leases project. Additionally, the IASB will discuss the research programme, the disclosure initiative, issues from the IFRS Interpretations Committee, investment entities, the IFRS for SMEs, the conceptual framework, and insurance contracts.

  • Survey on the PIE definitions applicable in European countries

    13 Oct 2014

    The Federation of European Accountants (Fédération des Experts-comptables Européens, FEE) has conducted a survey on the definitions of Public Interest Entities (PIEs) applicable in Europe. The definitions have significant impact on the accounting and audit requirements for companies active in the European market.

  • FEE 'cannot envisage' any alternative to IFRSs

    10 Oct 2014

    The Federation of European Accountants (Fédération des Experts-comptables Européens, FEE) has responded to the European Commission's questionnaire seeking respondents' views on the impact of International Financial Reporting Standards (IFRS) in the European Union. FEE believes the use of IFRSs offers crucial benefits for the EU in remaining competitive, attracting foreign investment and restoring confidence in European financial markets. FEE even states that the scope of the IAS Regulation should be expanded.

  • IFAC provides recommendations to G-20

    08 Oct 2014

    The International Federation of Accountants (IFAC) has issued a letter to the G-20 outlining eight recommendations for the G-20 to consider at the G-20 Leader’s Summit on 15-16 November 2014. The recommendations focus on supporting economic growth and a resilient economy as well as addressing financial regulatory reform and the international taxation system. They include the adoption and implementation of IFRSs.