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  • IASB concludes the 2012-2014 Annual Improvements cycle

    25 Sep 2014

    The IASB has issued 'Annual Improvements to IFRSs 2012–2014 Cycle', a collection of amendments to IFRSs, in response to issues addressed during the 2012–2014 cycle. Four standards are affected by the amendments.

  • We comment on EFRAG's DP regarding the amortisation of goodwill

    24 Sep 2014

    We have published our comment letter on the European Financial Reporting Advisory Group (EFRAG), the Accounting Standards Board of Japan (ASBJ), and the Organismo Italiano di Contabilità (OIC) Discussion Paper 'Should Goodwill still not be Amortised? Accounting and Disclosure for Goodwill.'

  • September 2014 IFRS Interpretations Committee meeting notes

    23 Sep 2014

    The IFRS Interpretations Committee met in London on 16–17 September 2014. We've posted the Deloitte observer notes from the meeting. The Committee (1) continued its discussion on a number of issues related to IFRS 5, IFRS 11, IAS 12, IFRIC 14 and the Conceptual Framework; and (2) considered new issues on IFRS 12, IFRS 13, IAS 28, IAS 39 and IFRIC 21.

  • Final guide on supplementary financial measures

    23 Sep 2014

    The Professional Accountants in Business Committee (PAIB) of the International Federation of Accountants (IFAC) has released the final version of its 'International Good Practice Guidance, Developing and Reporting Supplementary Financial Measures'. The guide provides recommendations for the use of supplementary financial measures as part of high-quality financial reporting in organisations.

  • IASB publishes editorial corrections

    19 Sep 2014

    The International Accounting Standards Board (IASB) has published its second batch of editorial corrections for 2014. The corrections impact a previous editorial correction, consequential amendments, stand-alone standards, and the IASB's "A Guide Through IFRS 2013", "2014 IFRS (Blue Book)", and "2014 IFRS (Red Book)".

  • A Guide through IFRS 2014 ('Green Book') is now available

    18 Sep 2014

    The IFRS Foundation has announced that 'A Guide through IFRS 2014' is now available. This volume (nicknamed the 'Green Book') includes the full text of the Standards and Interpretations and accompanying documents (such as the Basis for Conclusions) issued by the IASB as of 1 July 2014 with extensive cross-references and other annotations. This edition does not contain documents that are being replaced or superseded but remain applicable if a reporting entity chooses not to adopt the newer versions early.

  • IASB publishes Discussion Paper on rate regulation

    17 Sep 2014

    The International Accounting Standards Board (IASB) has published a Discussion Paper (DP) relevant to companies whose business is influenced by a rate regulation regime of some kind. The purpose of the DP is to solicit feedback from constituents whether, and under which circumstances, financial effects arising from rate regulation should be accommodated in financial reporting. Comments are due 15 January 2015.

  • FSB provides monitoring update on long-term investment finance

    17 Sep 2014

    The Financial Stability Board (FSB) has published a report to the G20 Finance Ministers and Central Bank Governors on financial regulatory factors affecting the supply of long-term investment finance. The report provides an update on the FSB's ongoing monitoring efforts around this issue and summarises a survey of FSB members, continued engagement with practitioners in long-term finance from the private sector, consultation with FSB Regional Consultative Groups (RCGs), and work by the FSB Secretariat together with the staff of the IMF, World Bank and OECD.