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News

  • Second EDTF progress report on the implementation of disclosure recommendations

    01 Oct 2014

    In October 2012, the Enhanced Disclosure Task Force (EDTF) presented a report to the Financial Stability Board (FSB) recommending key enhancements to the risk disclosures made by banks. The report identified seven fundamental principles for enhancing risk disclosure and included 32 specific recommendations. After a first progress report published in 2013, the EDTF has now published a second progress report in line with its original report.

  • September 2014 IASB meeting notes — Part 2

    30 Sep 2014

    The IASB's meeting was held on 22–24 September 2014. We have posted Deloitte observer notes from Wednesday's sessions on the post-implementation review of IFRS 3 and IFRS Interpretations Committee issues.

  • EFRAG recommends public fatal flaw review of IASB pronouncements

    30 Sep 2014

    The European Financial Reporting Advisory Group (EFRAG) has written a letter to the International Accounting Standards Board (IASB) recommending that prior to finalisation of a standard or a major amendment to a standard a public fatal flaw review should take place. EFRAG believes that this would enhance the IASB's quality control procedures.

  • ACCA roundtable on 'Evaluating the impact of IFRS in the EU'

    28 Sep 2014

    On 25 September, the Association of Chartered Certified Accountants (ACCA) organised a high level conference in order to both present and discuss the recently published consultation on the evaluation of the IAS Regulation and the potential ways forward. The event was hosted by Theodor Dumitru Stolojan, MEP, at the European Parliament.

  • IASB issues work plan update for September

    26 Sep 2014

    Following its September meeting, the International Accounting Standards Board (IASB) has updated its work plan. The revised plan updates the expected redeliberation periods in the amendments to IAS 1 and recognition of deferred tax assets for unrealised losses projects, as well as noting the extension for the expected timing of the exposure draft in the conceptual framework and liabilities projects. The rate-regulated activities project now appears as a major project, while the principles of disclosure remained as a research project. Both the rate-regulated activities and unit of account project have their public consultation periods noted in the revised work plan. Further, the revised plan provides an expected date for a final IFRS on amendments to IAS 1 (Q4 2014) as well as a discussion paper on principles of disclosure (Q1 2015). Lastly, it includes updates to the expected timing of board discussions for various research projects.

  • September 2014 IASB meeting notes — Part 1

    25 Sep 2014

    The IASB's meeting was held on 22–24 September 2014. We have posted Deloitte observer notes from Monday's discussion on the research programme, and Tuesday's session on insurance contracts.