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News

  • Report on the progress achieved in the implementation of the EFRAG reform

    14 Jul 2014

    The European Commission has submitted to the European Parliament and the Council of the EU a report on the progress achieved in the implementation of the reform of the European Financial Reporting Advisory Group (EFRAG) following the recommendations provided in the Maystadt report.

  • IVSC consults on agenda and standards

    14 Jul 2014

    The International Valuation Standards Council (IVSC) has issued two consultation papers seeking input into its future work plan and the structure and scope of International Valuation Standards (IVS).

  • Agenda for July 2014 IASB meeting

    11 Jul 2014

    The International Accounting Standards Board (IASB) will meet at its offices in London on 22–24 July 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 disclosure initiative, insurance contracts, annual improvements (2012-2014 cycle), issues from the IFRS Interpretations Committee, the conceptual framework, the research programme, and rate-regulated activities.

  • India may apply IFRS converged standards from 2016-2017

    11 Jul 2014

    The Indian Minister of Finance, Arun Jaitley, has proposed in his maiden budget speech that Indian companies apply Indian Accounting Standards (Ind AS), which are substantially converged with International Financial Reporting Standards (IFRS), from 2016-2017 financial years, with voluntary adoption permitted from a year earlier.

  • Inaugural Tommaso Padoa-Schioppa Memorial Lecture

    10 Jul 2014

    The first Tommaso Padoa-Schioppa Memorial Lecture took place during the IFRS Foundation Trustees' meeting held on 9 July 2014 in London. Michel Prada, Chairman of the IFRS Foundation, delivered the opening remarks, Mario Draghi, President of the European Central Bank, gave the keynote speech and Richard Portes, Tommaso Padoa-Schioppa Chair at the European University Institute, responded with closing remarks.

  • New 'IFRS as global standards' publication

    10 Jul 2014

    The IFRS Foundation has published 'IFRS as global standards: a pocket guide 2014'. The guide provides an overview of the adoption of IFRS in 130 countries and other jurisdictions around the world.

  • ESMA publishes final accounting enforcement guidelines

    10 Jul 2014

    The European Securities and Markets Authority (ESMA) has published its final Guidelines on the enforcement of financial information published by listed entities in the European Union (EU). The aim of the guidelines is to strengthen and promote greater supervisory convergence in existing enforcement practices amongst EU accounting enforcers.

  • EFRAG Discussion Paper on the classification of claims

    09 Jul 2014

    The European Financial Reporting Advisory Group (EFRAG) has published a Discussion Paper (DP) aimed at assisting the IASB in the development of its project on distinguishing between equity and liabilities in the context of the revision of the Conceptual Framework for Financial Reporting. The EFRAG DP addresses the classification of claims in general and thus goes beyond the discussion around the mere distinction between equity and liabilities.