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  • 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.

  • New Zealand issues revised standards for not-for-profit entities

    11 Sep 2014

    The New Zealand Accounting Standards Board (NZASB) has issued revised versions of its Standards and Framework applying to Public Benefit Entities (PBEs) to incorporate specific requirements applying to not-for-profit entities in the top two 'tiers' under New Zealand's differential reporting framework. The revised requirements are based on International Public Sector Accounting Standards (IPSASs) issued by the International Public Sector Accounting Standards Board (IPSASB), and would see eligible New Zealand not-for-profit entities move away from a mix of requirements based on New Zealand equivalents to International Financial Reporting Standards (NZ IFRS) and other accounting policies under governing legislation or other mandates.

  • Agenda for October 2014 IFRS Advisory Council meeting

    11 Sep 2014

    An agenda has been released for the upcoming meeting of the IFRS Advisory Council, which is being held in London on 13-14 October 2014. In addition to a number of reports and updates, the meeting will focus on the IASB's disclosure initiative project (including the materiality project), consider the future of corporate reporting in light of recent initiatives, discuss the implications of long-term investing on the Conceptual Framework, and consider a number of other matters.

  • EFRAG Update detailing July through September developments

    10 Sep 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 call of 24 July and the EFRAG TEG meeting of 3-5 September 2014.

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