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News

  • July 2014 IASB meeting notes — Part 4 (concluded)

    12 Aug 2014

    The IASB's meeting was held on 22–24 July 2014, some of it a joint meeting with the FASB. We have posted the remaining Deloitte observer notes from Thursday's session on the conceptual framework.

  • IASB changes IAS 27 to again allow application of the equity method in separate financial statements

    12 Aug 2014

    The International Accounting Standards Board (IASB) has published 'Equity Method in Separate Financial Statements (Amendments to IAS 27)'. The amendments reinstate the equity method as an accounting option for investments in subsidiaries, joint ventures and associates in an entity's separate financial statements. The amendments are effective for annual periods beginning on or after 1 January 2016, with earlier application being permitted.

  • IFRS Foundation publishes update on leases project

    08 Aug 2014

    The IFRS Foundation staff has published a document setting out the key tentative decisions reached on the leases project during the first half of 2014. The document also explains the IASB’s reasons for reaching those tentative decisions and explains the remaining work to be done in completing the project.

  • European Commission consults on the impact of IFRSs in the EU

    07 Aug 2014

    The European Commission (EC) has launched a public consultation on the impact of International Financial Reporting Standards (IFRSs) in the EU. Responses are requested by 31 October 2014 after which the results will summarised into a technical report that will feed into a larger evaluation report to be presented by the EC to the EU Council of Ministers and the European Parliament.

  • IPSASB proposes to align IPSASs with recent IASB pronouncements

    05 Aug 2014

    The International Public Sector Accounting Standards Board (IPSASB) has released an exposure draft of proposed improvements to International Public Sector Accounting Standards (IPSASs). The proposals incorporate relevant amendments made by the International Accounting Standards Board (IASB) in the 2009-2011 and 2010-2012 cycles of annual improvements, and the changes made by 'Clarification of Acceptable Methods of Depreciation and Amortisation (Amendments to IAS 16 and IAS 38)'.

  • July 2014 IFRS Interpretations Committee meeting notes

    04 Aug 2014

    The IFRS Interpretations Committee met in London on 15–16 July 2014. We've posted the Deloitte observer notes from the meeting. The Committee (1) continued discussions on a number of issues related to IFRS 11, IAS 12, IAS 16, IAS 19 and IFRIC 14, (2) considered finalising tentative agenda decisions on IAS 1, IAS 39, IAS 34, IFRS 2 and IAS 12, and (3) considered new issues on IFRS 12, IAS 16, IAS 39 and IAS 21.

  • CMAC call for members

    04 Aug 2014

    The IASB's Capital Markets Advisory Committee (CMAC) is currently seeking applications for membership after the terms of a number of members expire at the end of 2014.