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  • IASB (International Accounting Standards Board) (blue) Image
  • IASB updates work plan

    21 Oct 2016

    Following its October 2016 meeting, the IASB has updated its work plan. Only little progress or slippage can be traced. Most noticeable is postponing the publication of the discussion paper until February 2017.

  • FRC (United Kingdom Financial Reporting Council) Image
  • FRC discussion paper on improving the statement of cash flows

    21 Oct 2016

    The UK Financial Reporting Council (FRC) has issued a discussion paper on improving the statement of cash flows with the aim of identifying possible evolutionary improvements to the requirements of IAS 7 'Statement of Cash Flows'.

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  • October 2016 IASB meeting notes posted

    20 Oct 2016

    The International Accounting Standards Board (IASB) met at its offices in London on 18–19 October 2016. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

  • GRI (Global Reporting Initiative) (green) Image
  • GRI Standards launched

    19 Oct 2016

    The Global Reporting Initiative (GRI) has released the GRI Standards developed by the Global Sustainability Standards Board (GSSB). The GRI Standards are a set of 36 modular standards that facilitate corporate reporting on topics such as greenhouse gas emissions, energy and water use, and labor practices. The new format allows GRI to update individual topics based on market and sustainability needs, without requiring revisions to the entire set of GRI Standards.

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  • Agenda for current IASB meeting changed

    19 Oct 2016

    Yesterday, the IASB already concluded its discussions on the disclosure initiative and on the conceptual framework. Therefore, the sessions orginally scheduled for this afternoon have been moved forward and will be held this morning.

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  • Trustees appoint IASB Vice-Chair

    18 Oct 2016

    After their meeting in New Delhi, the Trustees of the IFRS Foundation, have announced the appointment of Sue Lloyd as vice-chair of the IASB. Ms Lloyd succeeds Ian Mackintosh who served as vice-chair from 2011 to 2016. Her term is effective 1 November 2016 and expires on 31 December 2018 when she will be eligible for a second term.

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  • Saudi securities regulator limits valuation changes on move to IFRS

    18 Oct 2016

    Listed entities in Saudi Arabia will have to report under IFRSs as adopted by the Saudi Organization for Certified Public Accountants (SOCPA) as off 1 January 2017. The Saudi Capital Market Authority (CMA) has now issued a statement requiring that for the first three years after IFRS adoption, Saudi companies must continue to use the cost model when measuring property, plant, equipment and intangible assets.

  • IFRS Foundation (blue) Image
  • IFRS conference in Lima

    14 Oct 2016

    The IFRS Foundation has announced that its next IFRS conference in the Amaricas will be held in Lima, Peru on 3-4 November 2016.

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  • IFRS on point — September 2016 Image
  • IFRS on point — September 2016

    published 12 Oct 2016

    IFRS on Point, published at the end of each month, highlights critical IFRS-related financial reporting developments.

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  • EFRAG endorsement status report 12 October 2016

    published 12 Oct 2016

    This endorsement status report update reflects that EFRAG has issued a preliminary consultation document relating to the endorsement for use in the EU of IFRS 16 'Leases'.

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  • EFRAG endorsement status report 7 October 2016

    published 07 Oct 2016

    This endorsement status report update reflects that EFRAG has published draft endorsement advice on 'Classification and Measurement of Share-based Payment Transactions (Amendments to IFRS 2)'. Endorsement is currently expected in the second half of 2017.

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  • Singapore Illustrative Financial Statements 2016

    published 07 Oct 2016

    These illustrative financial statements from Deloitte (Singapore) include the disclosures required by the Singapore Companies Act, Singapore Exchange Securities Trading Limited Listing Manual, and Singapore Financial Reporting Standards (FRSs) and Interpretations of Singapore Financial Reporting Standards (INT FRSs) that are issued as at 31 August 2016.

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  • IAS 34 compliance checklist 2016

    published 04 Oct 2016

    The checklist summarises the requirements of IAS 34 'Interim Financial Reporting', formatted to allow the recording of a review of interim financial statements, with a place to indicate yes, no, or not-applicable for each item. The checklist addresses the requirements of IAS 34 as of 30 April 2016.

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