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News

  • IASB publishes final version of IFRS 9

    24 Jul 2014

    The International Accounting Standards Board (IASB) has published the final version of IFRS 9 'Financial Instruments' bringing together the classification and measurement, impairment and hedge accounting phases of the IASB's project to replace IAS 39 'Financial Instruments: Recognition and Measurement'. This version adds a new expected loss impairment model and limited amendments to classification and measurement for financial assets. The Standard supersedes all previous versions of IFRS 9 and is effective for periods beginning on or after 1 January 2018.

  • July 2014 IASB meeting notes — Part 1

    24 Jul 2014

    The IASB's meeting is being held on 22–24 July 2014, some of it a joint meeting with the FASB. We have posted Deloitte observer notes from the IASB session on the disclosure initiative and insurance contracts from the first meeting day.

  • SMEIG begins recommendation process for the IASB's IFRS for SMEs ED

    23 Jul 2014

    The SME Implementation Group (SMEIG) has initiated a process to develop a report that will detail its recommendations on the IASB’s Exposure Draft (ED) ‘Proposed amendments to the IFRS for SMEs’. The report will consider feedback from respondents and individual SMEIG members.

  • IASB webcasts on IFRS 9

    23 Jul 2014

    Board members and staff of the International Accounting Standards Board will hold live web presentations on IFRS 9 'Financial Instruments' on 29 July 2014.

  • TRG discusses implementation of new revenue standard

    22 Jul 2014

    At its July 18, 2014, inaugural meeting, the joint revenue transition resource group (TRG) and FASB and IASB board members discussed potential issues related to implementing the boards’ new revenue standard.

  • EFRAG Update detailing June/July developments

    22 Jul 2014

    The European Financial Reporting Advisory Group (EFRAG) has released a new issue of its 'EFRAG Update' newsletter, summarising the discussions held at the EFRAG TEG conference calls of 24 June and 3 July 2014 and the EFRAG TEG meeting of 14-16 July 2014.

  • Discussion Paper on accounting treatment for goodwill

    22 Jul 2014

    A Research Group of the Accounting Standards Board of Japan (ASBJ), the European Financial Reporting Advisory Group (EFRAG) and the Italian standard setter Organismo Italiano di Contabilità (OIC) has published a Discussion Paper 'Should Goodwill still not be Amortised? - Accounting and Disclosure for Goodwill' that argues that the reintroduction of amortisation of goodwill would be appropriate.