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  • Summary of the September ASAF meeting now available

    30 Oct 2014

    The staff of the International Accounting Standards Board (IASB) have made available a summary of the discussions of the Accounting Standards Advisory Forum (ASAF) meeting held in London on 25-26 September 2014. The meeting saw discussion on leases, discount rates, post-implementation review of IFRS 3 'Business Combinations', conceptual framework, disclosure initiative, insurance contracts, financial instruments with the characteristics of equity, IFRS taxonomy, and the IASB's agenda.

  • Summary of the October 2014 DPOC meeting

    29 Oct 2014

    The IFRS Foundation has published a summary of the 8 October 2014 Due Process Oversight Committee (DPOC) meeting that was held in Mexico City during the Trustees' meeting.

  • October 2014 IASB meeting notes — Part 2

    28 Oct 2014

    The International Accounting Standards Board (IASB) met at its offices in London on 22–24 October 2014. We have posted the Deloitte observer notes from Thursday's sessions on the IFRS for SMEs and insurance contracts.

  • IASB issues work plan update for October 2014

    28 Oct 2014

    Following its October meeting, the International Accounting Standards Board (IASB) has updated its work plan. The revised plan adds an expect dates for final IFRSs on leases (H2 2015) and investment entities (Q4 2014); narrows the target range for the discussion paper on principles of disclosure to the second quarter of 2015; and moves the target date for an exposure draft on the classification of liabilities to the first quarter of 2015. Further, the revised plan provides an updated date for the feedback statement on the post-implementation review of IFRS 3 (now Q1 2015). Lastly, it includes updates to the expected timing of board discussions for the research project on inflation (Q1 2015) and adds a new research topic on performance reporting to be discussed during the first quarter of 2015.

  • Importance of global accounting standards and increase in voluntary IFRS application in Japan

    28 Oct 2014

    At the 2014 World Federation of Exchanges (WFE) General Assembly & Annual Meeting, Mr. Masamichi Kono, Vice Minister for International Affairs of the Japanese Financial Services Agency (FSA) and Chair of the Monitoring Board of the IFRS Foundation, touched today on the importance of a single set of high quality global accounting standards. In a parallel development, Japan's Business Accounting Council (BAC) met today to review the state of use of IFRSs in Japan.

  • Pan-European study of financial information usage

    28 Oct 2014

    The European Financial Reporting Advisory Group (EFRAG) and the Institute of Chartered Accountants of Scotland (ICAS) are looking for users of financial statements that make investment decisions to participate in a study on the usage of financial information.