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  • IASB meeting (blue) Image
  • June 2015 IASB meeting notes posted — part 1

    03 Jul 2015

    The IASB met at its offices in London on 22 to 25 June 2015. We have posted the Deloitte observer notes from the sessions on IFRS implementation issues, financial instruments with characteristics of equity, research projects, insurance contracts, and pollutant pricing mechanisms.

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

    30 Jun 2015

    Following its June meeting, the IASB has updated its work plan. The revised plan announces the expected issuance of an exposure draft (ED) on eliminations of gains arising from 'downstream' transactions in the third quarter of 2015, moves the target ED date for clarifications arising from the post-implementation review of IFRS 8 up one quarter, and extends redeliberations for several projects to the third quarter of 2015.

  • ESMA (European Securities and Markets Authority) (dark gray) Image
  • ESMA publishes final guidelines on alternative performance measures

    30 Jun 2015

    The European Securities and Markets Authority (ESMA) has published its final Guidelines on Alternative Performance Measures (APMs) for listed issuers. The guidelines apply to issuers with securities traded on regulated markets, and persons responsible for drawing up a prospectus. They are effective from 3 July 2016.

  • ASBJ (Accounting Standards Board of Japan) Image
  • ASBJ publishes 'Japan’s Modified International Standards'

    30 Jun 2015

    The Accounting Standards Board of Japan (ASBJ) has issued "Japan’s Modified International Standards (JMIS): Accounting Standards Comprising IFRSs and the ASBJ Modifications". JMIS are standards and interpretations issued by the International Accounting Standards Board (IASB) with certain 'deletions or modifications' where considered necessary.

  • Speech (mid gray) Image
  • Speech at Paris IFRS conference on the European view of IFRSs

    30 Jun 2015

    At the IFRS Foundation's IFRS conference currently held in Paris, the Chairman of the French standard-setter Autorité des Normes Comptables (ANC) Patrick de Cambourg spoke about the crucial importance of international accounting standards and the objective of establishing 'a confident and level playing field dialogue with the IASB'.

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  • IFRS fokussiert — Leases – Stand der Dinge Image
  • IFRS fokussiert — Leases – Stand der Dinge

    published 06 Jul 2015

    The International Accounting Standards Board (IASB) has started the final drafting of the new leasing standard. The publication of the new standard is announced for the fourth quarter 2015. This will complete the project that was added to the active agenda of the IASB in July 2006. This German-language newsletter summarises the major topics based on the latest decisions reached by the Board.

  • Deloitte comment letter on IASB ED/2015/2 'Effective Date of IFRS 15' Image
  • Deloitte comment letter on IASB ED/2015/2 'Effective Date of IFRS 15'

    published 06 Jul 2015

    In our comment letter, we agree with the proposal to defer the effective date of IFRS 15 by one year. We also encourage the IASB and the FASB to continue with the targeted clarifications to the revenue requirements to ensure that a converged, stable, and operational standard is available to preparers sufficiently far in advance of the effective date. Lastly, we encourage the IASB to continue to monitor the implementation progress to make sure the revised effective date remains appropriate.

  • Heads Up — A summary of the June 18 meeting of the PCAOB's Standing Advisory Group Image
  • Heads Up — A summary of the June 18 meeting of the PCAOB's Standing Advisory Group

    published 01 Jul 2015

    This Heads Up summarizes the June 18 meeting of the PCAOB’s Standing Advisory Group (SAG). At the meeting, the PCAOB provided an update on recent developments, including an overview of its current and future standard-setting activities. In addition, the PCAOB and SAG discussed (1) the use of the work of specialists and (2) the status of the PCAOB staff’s project on auditing accounting estimates and fair value measurements.

  • IFRS Project Insights — Insurance contracts Image
  • IFRS Project Insights — Insurance contracts

    published 01 Jul 2015

    This edition of IFRS Project Insights provides a summary of the IASB's project on insurance contracts and discusses recent tentative decisions reached by the Board. This publication has been updated as of 1 July 2015.

  • Biuletyn MSSF 2/2015 Image
  • Biuletyn MSSF 2/2015

    published 30 Jun 2015

    Polish language newsletter on financial reporting standards. This edition discusses (1) ED/2014/5 'Classification and measurement of share-based payment transactions' and (2) all meetings of the Joint Transition Resource Group for Revenue Recognition held so far.

  • EFRAG endorsement status report 29 June 2015 Image
  • EFRAG endorsement status report 29 June 2015

    published 30 Jun 2015

    This endorsement status report update reflects several expected delays in the endorsement of IFRS for the use in the European Union. Most notable is a delay in the endorsement of IFRS 15, which is now expected in the first quarter of 2016.

  • Heads Up — IASB proposes revisions to its conceptual framework Image
  • Heads Up — IASB proposes revisions to its conceptual framework

    published 26 Jun 2015

    This Heads Up discusses the IASB’s exposure draft "Conceptual Framework for Financial Reporting." The purpose of the proposal is to clarify, update, and fill in gaps in the IASB’s existing framework, which addresses a range of fundamental accounting topics, such as determining what is an asset or liability.

  • EITF Snapshot — June 2015 Image
  • EITF Snapshot — June 2015

    published 19 Jun 2015

    This issue summarises the topics discussed and conclusions reached at the 18 June 2015 meeting of the Emerging Issues Task Force.

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