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IASB exposure drafts

Background

On this page, you will find the latest news and related information about exposure drafts issued by the IASB and its related bodies such as the IFRS Interpretations Committee.

 

Related news

  • European field-test of the proposed accounting guidance for leases

  • May 22, 2013

  • The European Financial Reporting Advisory Group (EFRAG) and the national standard-setters of France (ANC), Germany (ASCG), Italy (OIC) and the United Kingdom (FRC) are performing a field-test in order to evaluate how the proposals contained in the IASB Exposure Draft ED/2013/6 'Leases' would affect European companies applying IFRS.

  • FRC calls for responses to its draft comment letter on the IASB’s impairment proposals

  • May 17, 2013

  • The FRC has prepared a draft comment letter giving its preliminary views on the IASBs Exposure Draft, Financial Instruments: Expected Credit Losses. The draft comment letter seeking responses provides a clear indication that the FRC are satisfied with the majority of the proposals in the ED and feel that they are likely to meet users’ needs to provide expected credit losses.

  • The Bruce Column — Leasing: Take Two

  • May 16, 2013

  • The revised proposals on lease accounting have at last been published. Robert Bruce, our resident, regular columnist looks at the issues.

  • IASB publishes highly anticipated lease accounting proposals

  • May 16, 2013

  • The International Accounting Standards Board (IASB) has re-exposed its proposed approach for the recognition and measurement of leases. For lessees, the Exposure Draft ED/2013/6 'Leases' proposes the recognition of a liability and a right-of-use asset for all leases with a profit or loss impact dependent on the classification of a lease. The lessor model in the ED is similar to current lease accounting with some nuances for the recognition of revenue and discounting of the residual asset. The proposals are only applicable for leases with a lease term of more than 12 months. Comments are due 13 September 2013.

  • IASB exposes guidance on regulatory deferral accounts

  • Apr 25, 2013

  • The International Accounting Standards Board (IASB) has published ED/2013/5 'Regulatory Deferral Accounts'. This proposed interim standard is intended to allow entities that currently recognise regulatory assets and regulatory liabilities in accordance with their previous GAAP to continue to recognise the effects of rate regulation under IFRSs until the longer term rate-regulated activities project is completed.

  • Deloitte view on IASB's proposals on acquisitions of interests in joint operations

  • Apr 24, 2013

  • Deloitte has submitted its comment letter on the IASB's proposals in Exposure Draft ED/2012/7 'Acquisition of an Interest in a Joint Operation'. We agree that application of the principles of IFRS 3 'Business Combinations' is an appropriate methodology when an acquired joint operation constitutes a business, but support the work of the IFRS Interpretations Committee to produce additional guidance on the meaning and application of the 'business' concept.

  • European field-test on the IASB's expected credit losses model for financial instruments

  • Apr 12, 2013

  • On 7 March 2013, the International Accounting Standards Board (IASB) published its long-awaited proposal for a new accounting model for impairments of financial assets. Today, EFRAG and the National Standard Setters of France, Germany, Italy and the United Kingdom have launched a field-test designed to show whether the proposed new model addresses the weaknesses of the old model, whether the new model is operational and what costs and impacts will come with the new model.

  • IASB podcast on expected credit losses (ED)

  • Apr 11, 2013

  • The IASB staff has made available a podcast to clarify certain aspects of Exposure Draft 'Financial Instruments: Expected Credit Losses'. The podcast answers the most frequently asked questions that the IASB staff has received on the proposal.

  • Deloitte comment letter on proposed limited amendments to IFRS 9

  • Mar 29, 2013

  • We've submitted our comment letter on the IASB's ED/2012/4 'Classification and Measurement: Limited Amendments to IFRS 9'. While we support the objective of the proposed amendments, we believe the guidance could be made simpler and clearer, and also call for the IASB and FASB to reconcile any remaining differences in their respective classification and measurement models as far as possible.

  • Limited amendments to IAS 19 proposed

  • Mar 25, 2013

  • The International Accounting Standards Board (IASB) has published ED/2013/4 'Defined Benefit Plans: Employee Contributions (Proposed amendments to IAS 19)'. The proposed amendments aim to clarify the accounting for employee contributions set out in the formal terms of a defined benefit plan if these contributions are linked to service. Comments are requested by 25 July 2013.

  • EMIR technical standards enter into force

  • Mar 17, 2013

  • The European Market Infrastructure Regulation (EMIR) was passed in 2012, but most provisions only apply after technical standards enter into force. Technical standards on OTC derivatives, reporting to trade repositories and requirements for trade repositories and central counterparties entered into force on 15 March 2013. EMIR gave rise to the IASB's project on the novation of derivatives as EMIR brings about hedge accounting questions.

  • EFRAG draft comment letter on amendments to hedge accounting

  • Mar 11, 2013

  • The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on the IASB's Exposure Draft ED/2013/2 'Novation of Derivatives and Continuation of Hedge Accounting (Proposed amendments to IAS 39 and IFRS 9)' which was published on 28 February 2013.

  • Additional IASB information on ED/2013/3

  • Mar 08, 2013

  • The IASB has posted to its website a new issue of the 'Investor Perspectives' dealing with the ED on Impairment the IASB issued yesterday. Also, the IASB has announced a forthcoming webcast that will explain the proposals in the ED.

  • IASB proposes new impairment model

  • Mar 07, 2013

  • The International Accounting Standards Board (IASB) has published its long-awaited proposal for a new accounting model for impairments of financial assets. In the Exposure Draft (ED) the Board proposes a model according to which credit losses are no longer recognised if incurred; rather, entities would recognise expected credit losses on financial assets and on commitments to extend credit based upon current estimates of expected shortfalls in contractual cash flows as at the reporting date. Comments are due 5 July 2013.

  • IASB proposes urgent amendments to hedge accounting to respond to G20 OTC initiatives

  • Feb 28, 2013

  • The International Accounting Standards Board (IASB) has issued ED/2013/2 'Novation of Derivatives and Continuation of Hedge Accounting'. The exposure draft proposes changes to IAS 39 and the forthcoming hedge accounting chapter of IFRS 9 to permit the continuation of hedge accounting where hedging instruments are novated to a central counterparty in accordance with laws or regulations introduced by jurisdictions to implement the G20's agreed reforms around over the counter (OTC) derivatives. As a number of jurisdictions are currently considering implementing these laws, the IASB is proposing an urgent amendment and has set a 30 day comment period.

  • EFRAG draft comment letter on ED/2012/6

  • Jan 30, 2013

  • The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on the IASB Exposure Draft ED/2012/6 'Sale or Contribution of Assets Between and Investor and its Associate or Joint Venture'.

  • Two new EFRAG draft comment letters published

  • Jan 29, 2013

  • The European Financial Reporting Advisory Group (EFRAG) has issued draft comment letters on two IASB Exposure Drafts: ED/2012/7 'Acquisition of an Interest in a Joint Operation' and ED/2013/1 'Recoverable Amount Disclosures for Non-Financial Assets (Proposed Amendments to IAS 36)'.

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