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News

  • 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.

  • Agenda for October 2014 IFRS Advisory Council meeting

    11 Sep 2014

    An agenda has been released for the upcoming meeting of the IFRS Advisory Council, which is being held in London on 13-14 October 2014. In addition to a number of reports and updates, the meeting will focus on the IASB's disclosure initiative project (including the materiality project), consider the future of corporate reporting in light of recent initiatives, discuss the implications of long-term investing on the Conceptual Framework, and consider a number of other matters.

  • EFRAG Update detailing July through September developments

    10 Sep 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 call of 24 July and the EFRAG TEG meeting of 3-5 September 2014.

  • IOSCO proposes guidance on non-GAAP financial measures

    09 Sep 2014

    The International Organization of Securities Commissions (IOSCO) has issued proposed guidance setting out IOSCO's expectations for issuers with respect to the presentation of financial measures other than those prescribed by Generally Accepted Accounting Principles (GAAP), so called 'non-GAAP financial measures'.

  • Summary of joint outreach event on quality financial reporting

    05 Sep 2014

    The European Financial Reporting Advisory Group (EFRAG), the European Federation of Financial Analysts Societies (EFFAS) and the Association Belge des Analystes Financiers (ABAF), the Association of Certified International Investment Analysts (ACIIA) and the International Accounting Standards Board (IASB) have made available a report of the discussions held during their second outreach event held on 25 June 2014 to discuss what role investors and advisers can play in ensuring quality financial reporting.