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News

  • 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.

  • Agenda for inaugural meeting of the Joint Transition Resource Group for Revenue Recognition

    08 Jul 2014

    The agenda has been released for the upcoming inaugural meeting of the Joint Transition Resource Group for Revenue Recognition (TRG), which is being jointly held at the offices of the International Accounting Standards Board (IASB) and United States Financial Accounting Standards Board (FASB) on 18 July 2014. The TRG will discuss a number of issues related to the recently issued IFRS 15 'Revenue from Contracts with Customers' and United States Accounting Standards Update No. 2014-09, 'Revenue from Contracts with Customers'.

  • AOSSG report considers standard setting capacity in Nepal

    08 Jul 2014

    The Asian-Oceanian Standard Setters Group (AOSSG) has released a report providing a review of Nepal's standard-setting process, as part of its initiative to build regional standard-setting capacity by establishing a pilot IFRS Center of Excellence in Nepal. The report outlines a number of recommendations to assist the Accounting Standards Board (ASB) of Nepal in building its capacity to adopt and facilitate implementation of International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB).

  • Survey on developments in securitisation markets

    04 Jul 2014

    The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) have announced that they are co-leading a task force that will undertake a wide-ranging survey of global securitisation markets.

  • Agenda for the July 2014 IFRS Foundation Trustees meeting

    04 Jul 2014

    An agenda has been released for the upcoming meeting of the IFRS Foundation Trustees, which is to be held in London on 10 July 2014. The meeting will consider reports from the Chairs of the IFRS Foundation and International Accounting Standards Board (IASB), receive a technical update on IFRS 9 'Financial Instruments', and discuss a number of matters during a report from the Due Process Oversight Committee (DPOC).

  • Summary of the ASAF June meeting

    03 Jul 2014

    A summary of the Accounting Standards Advisory Forum (ASAF) June 2014 meeting has been made available by the IASB staff. During the meeting, the members discussed various IASB projects, such as the disclosure initiative, equity method of accounting, insurance contracts, macro hedging and the conceptual framework.