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News

  • 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 This edition does not contain documents that are being replaced or superseded but remain applicable if a reporting entity chooses not to adopt the newer versions early.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.

  • Agenda for September 2014 IASB meeting

    12 Sep 2014

    The International Accounting Standards Board (IASB) will meet at its offices in London on 22–24 September 2014. The IASB will discuss the disclosure initiative, the research project on post-employment benefits, insurance contracts, the conceptual framework, and issues from the IFRS Interpretations Committee.

  • EFRAG updates endorsement status report for IFRS 10/IAS 28 amendments

    12 Sep 2014

    The European Financial Reporting Advisory Group (EFRAG) has updated its endorsement status report to include 'Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to IFRS 10 and IAS 28)', which was issued by the International Accounting Standards Board (IASB) on 11 September 2014.

  • IASB finalises amendments on sales or contributions of assets between an investor and its associate/joint venture

    11 Sep 2014

    The International Accounting Standards Board (IASB) has published 'Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to IFRS 10 and IAS 28)'. The amendments address a conflict between the requirements of IAS 28 'Investments in Associates and Joint Ventures' and IFRS 10 'Consolidated Financial Statements' and clarify that in a transaction involving an associate or joint venture the extent of gain or loss recognition depends on whether the assets sold or contributed constitute a business. They are effective for annual periods beginning on or after 1 January 2016, with earlier application being permitted.