http://www.iasplus.com These are the search results for the query, showing results 1 to 50. http://www.iasplus.com/en/news/2013/05/eeg-agenda The Emerging Economies Group (EEG) of the IASB will be holding its fifth meeting in Seoul, Korea on 30 and 31 May 2013. Topics to be discussed include rate regulated activities, goodwill accounting, IAS 19 (discount rate), IAS 28 (elimination of gains arising from a transaction between a joint venturer and its joint venture), and the Issues paper on the scope of IFRS 2. 2013-05-21T13:40:00Z 2013-05-21T13:40:00Z News Item http://www.iasplus.com/en/news/2013/05/efrag-status-report-1 The European Financial Reporting Advisory Group (EFRAG) has updated its report showing the status of endorsement, under the EU Accounting Regulation, of each IFRS, including standards, interpretations, and amendments. The latest report reflects the publication of IFRIC 21 'Levies' by the IASB. 2013-05-21T12:10:00Z 2013-05-21T12:10:00Z News Item http://www.iasplus.com/en/news/2013/05/e-learning Deloitte’s Global Audit Learning group has released new or revised e-learning modules on various standards: IFRS 3, IFRS 11, IFRS 13, IAS 1, IAS 16 and IAS 27 (2011). These modules are additions to the extensive catalogue of IFRS e-learning content made freely available by Deloitte. 2013-05-21T05:15:00Z 2013-05-21T05:15:00Z News Item http://www.iasplus.com/en/othernews/ifrs-foundation/ifrsf-translations-5 The IFRS Foundation has announced the publication of the French translation of Exposure Draft 'Financial Instruments: Expected Credit Losses'. 2013-05-20T19:50:00Z 2013-05-20T19:50:00Z News Item http://www.iasplus.com/en/news/2013/05/mb-noms The Monitoring Board (MB) of the IFRS Foundation is seeking nominations for its expanded membership (up to four) to include authorities primarily from emerging markets. Candidates are expected to be a capital markets authority responsible for setting the form and content of financial reporting in its jurisdiction. 2013-05-20T19:30:00Z 2013-05-20T19:30:00Z News Item http://www.iasplus.com/en/news/2013/05/ifric-notes-2 We've posted the remaining Deloitte observer notes from the IFRS Interpretations Committee meeting which was held on 14-15 May 2013. 2013-05-20T16:10:00Z 2013-05-20T16:10:00Z News Item http://www.iasplus.com/en/news/2013/05/levies The International Accounting Standards Board (IASB) has released IFRIC 21 'Levies'. IFRIC 21 provides guidance on when to recognise a liability for a levy imposed by a government, both for levies that are accounted for in accordance with IAS 37 'Provisions, Contingent Liabilities and Contingent Assets' and those where the timing and amount of the levy is certain. 2013-05-20T12:15:00Z 2013-05-20T12:15:00Z News Item http://www.iasplus.com/en/othernews/new-and-revised/march-2013 The information on this page provides a high level overview of new and revised financial reporting requirements that need to be considered for financial reporting periods ending on 31 March 2013. This listing can be used to perform a quick check that all the new financial reporting requirements have been fully considered in the reporting close process. 2013-05-19T23:00:00Z 2013-05-19T23:00:00Z News Item http://www.iasplus.com/en/news/2013/05/ifric-notes-1 We've posted Deloitte observer notes from some of the sessions from the IFRS Interpretations Committee meeting which was held on 14-15 May 2013. 2013-05-17T20:20:00Z 2013-05-17T20:20:00Z News Item http://www.iasplus.com/en/news/2013/05/us-comment-letter Deloitte & Touche LLP has submitted a comment letter on the FASB's proposed Accounting Standards Update (ASU) 'Recognition and Measurement of Financial Assets and Financial Liabilities' issued in February 2013. The comment letter compares the proposed ASU with the IASB’s exposure draft on proposed limited changes to IFRS 9 (2010) published in November 2012 and lists key areas where further convergence is possible. 2013-05-17T10:05:00Z 2013-05-17T10:05:00Z News Item http://www.iasplus.com/en/othernews/united-kingdom/uk-frc-comments-leases-ed The UK Financial Reporting Council (FRC) has issued a statement in support of the IASB’s efforts towards improving lease accounting. 2013-05-16T20:10:00Z 2013-05-16T20:10:00Z News Item http://www.iasplus.com/en/news/2013/05/bruce-column-leases The revised proposals on lease accounting have at last been published. Robert Bruce, our resident, regular columnist looks at the issues. 2013-05-16T12:30:00Z 2013-05-16T12:30:00Z News Item http://www.iasplus.com/en/news/2013/05/leasing-proposals 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. 2013-05-16T12:15:00Z 2013-05-16T12:15:00Z News Item http://www.iasplus.com/en/news/2013/05/conference-former-soviet-republics International Federation of Accountants (IFAC), International Auditing and Assurance Standards Board (IAASB), and International Accounting Standards Board (IASB) are holding a two-day conference on 16-17 May 2013 to bring together representatives from national organisations of former Soviet republics in Europe and Central Asia. The event provides experiences regarding the application of International Financial Reporting Standards (IFRS), International Standards on Auditing (ISAs), and quality assurance requirements. Also, it provides representatives a forum to discuss topics relating to their jurisdiction. 2013-05-16T09:00:00Z 2013-05-16T09:00:00Z News Item http://www.iasplus.com/en/news/2013/05/efrag-update The European Financial Reporting Advisory Group (EFRAG) has released the May 2013 issue of its EFRAG Update newsletter summarising the discussions held at the EFRAG TEG meeting on 6-8 May 2013 and EFRAG TEG conference calls held on 11, 18 and 29 April 2013. 2013-05-15T17:55:00Z 2013-05-15T17:55:00Z News Item http://www.iasplus.com/en/othernews/americas/april-2013-glass-meeting The Group of Latin American Accounting Standard Setters (GLASS) has released a summary of its meeting held in São Paulo during April. The meeting also saw a presentation from the Asian-Oceanian Standard-Setters Group (AOSSG). 2013-05-15T10:25:00Z 2013-05-15T10:25:00Z News Item http://www.iasplus.com/en/othernews/global/coso-framework The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has issued its 2013 'Internal Control — Integrated Framework' and related illustrative documents. 2013-05-14T22:55:00Z 2013-05-14T22:55:00Z News Item http://www.iasplus.com/en/news/2013/05/ifrsf-2013-briefing The IFRS Foundation Education Initiative has published the 2013 edition of International Financial Reporting Standards — A Briefing for Chief Executives, Audit Committees and Boards of Directors. These briefing notes provide summaries of all IFRSs issued at 1 January 2013 at a high level and in non-technical language. It is specially prepared for chief executives, members of audit committees, company directors and others who want a broad overview of IFRSs and of the business implications of implementing them. 2013-05-14T17:05:00Z 2013-05-14T17:05:00Z News Item http://www.iasplus.com/en/othernews/canada/2013/dt-canada-ifrs-webcast Deloitte (Canada) is hosting a IFRS quarterly technical update webcast on 11 June 2013. 2013-05-13T17:50:00Z 2013-05-13T17:50:00Z News Item http://www.iasplus.com/en/othernews/sustainability/2013/ir-webinar In its series of webinars on a variety of topics provided free of charge for members and non-members, the Canadian Institute of Chartered Accountants (CICA) is offering a webinar on the International Integrated Reporting Council (IIRC)'s consultation draft of an International Integrated Reporting Framework. 2013-05-13T11:25:00Z 2013-05-13T11:25:00Z News Item http://www.iasplus.com/en/news/2013/05/fasb-agenda-consultation The Financial Accounting Standards Advisory Council (FASAC), the FASB's primary advisory group, has issued a survey to solicit stakeholder views about the FASB’s future agenda. The FASB will consider the input received through the survey as well as input received from other sources when deciding which projects to add to its technical agenda. Certain projects suggested could lead to further convergence between US GAAP and IFRSs. 2013-05-13T10:15:00Z 2013-05-13T10:15:00Z News Item http://www.iasplus.com/en/news/2013/05/iasb-agenda The International Accounting Standards Board (IASB) has released the agenda for its meeting to be held in London on 21-24 May 2013. The agenda covers a number of topics from the IASB's major and narrow scope projects, and includes a joint session with the FASB on Friday 24 May to discuss revenue recognition and limited scope amendments to IFRS 9. 2013-05-12T22:25:00Z 2013-05-12T22:25:00Z News Item http://www.iasplus.com/en/othernews/united-states/2013/fasb-webcast-nonpublic-entities The US Financial Accounting Standards Board (FASB) will be holding a webcast on 5 June 2013 to provide an update on the FASB’s standard-setting activities in regards to private companies and not-for-profit (NFP) organizations. 2013-05-10T13:45:00Z 2013-05-10T13:45:00Z News Item http://www.iasplus.com/en/news/2013/05/iasb-asbj-meeting Representatives of the International Accounting Standards Board (IASB) and the Accounting Standards Board of Japan (ASBJ) held their seventeenth meeting in Tokyo on 9 and 10 May 2013. Due to the inception of the Accounting Standards Advisory Forum (ASAF), this meeting marked the end of the series of semi-annual bilateral meetings between the IASB and ASBJ. 2013-05-10T13:00:00Z 2013-05-10T13:00:00Z News Item http://www.iasplus.com/en/othernews/united-kingdom/frc-lab-project-disclosures The United Kingdom Financial Reporting Council (FRC) has initiated a new 'Financial Reporting Lab' (Lab) project aimed to provide insight on effective approaches to disclosing accounting policy information, the ordering of footnotes within financial statements, and the linking or integrating related information on policies and their application. 2013-05-09T15:00:00Z 2013-05-09T15:00:00Z News Item http://www.iasplus.com/en/news/2013/05/ifric-membership The Trustees of the IFRS Foundation have announced the appointments of Tony de Bell, Reinhard Dotzlaw, and Martin Schloemer as new members of the IFRS Interpretations Committee (IFRIC) and the reappointment of Feilong Li. Also, in an effort to broaden the number of accountancy firms represented in the IFRIC membership, the Trustees have appointed Andrew Watchman and Andrew Buchanan to serve on a single three-year rotating seat. 2013-05-09T13:35:00Z 2013-05-09T13:35:00Z News Item http://www.iasplus.com/en/news/2013/05/ifrs-for-smes-training-material The IFRS Foundation Education Initiative has developed a training module for Section 19 of the IFRS for SMEs 'Business Combinations and Goodwill'. This section of the IFRS for SMEs provides guidance on identifying the acquirer, measuring the cost of the business combination, and allocating that cost to the assets acquired and liabilities and provisions for contingent liabilities assumed. It also addresses accounting for goodwill both at the time of a business combination and subsequently. 2013-05-09T04:55:00Z 2013-05-09T04:55:00Z News Item http://www.iasplus.com/en/othernews/united-states/2013/sasb-financial-sector The United States Sustainability Accounting Standards Board (SASB) has released proposed sustainability accounting standards for the financial sector. 2013-05-09T04:25:00Z 2013-05-09T04:25:00Z News Item http://www.iasplus.com/en/othernews/united-states/2013/pcc-proposes-alternatives The Private Company Council (PCC) has voted to approve proposed alternatives to improve financial reporting for private companies within US Generally Accepted Accounting Principles (GAAP). This is the first step in the process towards endorsement by the FASB. 2013-05-08T18:30:00Z 2013-05-08T18:30:00Z News Item http://www.iasplus.com/en/news/2013/05/efrag-consultation Connecting a European green paper on possible ways for supporting long-term investment and the IASB's suggested new separate business model of "held to collect and sell", the European Financial Reporting Advisory Group (EFRAG) has launched a public consultation on long-term investing activities business models. 2013-05-08T14:25:00Z 2013-05-08T14:25:00Z News Item http://www.iasplus.com/en/news/2013/05/iasb-survey-ed-amendments-ifrs-9 The IASB has initiated a survey on its exposure draft 'Classification and Measurement: Limited Amendments to IFRS 9 (Proposed amendments to IFRS 9 (2010))'. The survey requests financial statements users to provide input on the amendments proposed in the exposure draft. 2013-05-08T13:10:00Z 2013-05-08T13:10:00Z News Item http://www.iasplus.com/en/news/2013/05/ifric-agenda The IFRS Interpretations Committee will meet at the IASB's offices in London on Tuesday and Wednesday 14-15 May 2013. The agenda for the meeting is now available. 2013-05-07T17:45:00Z 2013-05-07T17:45:00Z News Item http://www.iasplus.com/en/othernews/united-states/2013/fasb-pasu-technical-correction The US Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU), 'Technical Corrections and Improvements Related to Glossary Terms', that would make certain minor modifications and clarifications to the Master Glossary in the FASB Accounting Standards Codification (the “Codification”). 2013-05-06T20:10:00Z 2013-05-06T20:10:00Z News Item http://www.iasplus.com/en/othernews/united-kingdom/icas The Institute of Chartered Accountants of Scotland (ICAS) has published a discussion paper recommending that the auditor should provide an explicit opinion that the management commentary in the annual report is balanced and reasonable and free from spin. 2013-05-06T10:55:00Z 2013-05-06T10:55:00Z News Item http://www.iasplus.com/en/news/2013/05/sec-speech In a speech given recently to the Investment Company Institute (ICI) in Washington, US Securities and Exchange Commission (SEC) Chair, Mary Jo White, has given a broad analysis of the impact of globalisation on regulation. In relation to accounting standards, Ms White highlights the need to "accommodate different but equally legitimate financial reporting standards". 2013-05-05T06:30:00Z 2013-05-05T06:30:00Z News Item http://www.iasplus.com/en/othernews/united-kingdom/frc-brussels The UK Financial Reporting Council (FRC) has established an office in Brussels where its Head of European Affairs is based full time to gain greater "line of sight into European institutions" and to be able "to engage more effectively on EU wide issues". The FRC announced this move in its 'Plan and Budget 2013/16' released on 1 May. 2013-05-03T12:50:00Z 2013-05-03T12:50:00Z News Item http://www.iasplus.com/en/othernews/ifrs-foundation/ifrsf-translations-4 The IFRS Foundation has announced the publication of new French, Hebrew, Japanese and Spanish translations. 2013-05-02T12:50:00Z 2013-05-02T12:50:00Z News Item http://www.iasplus.com/en/news/2013/05/mb-membership-assessment The Monitoring Board (MB) of the IFRS Foundation today announced the outcome of its meeting held on 11 April 2013 in London where the MB determined the procedure and time table for the assessment of existing members and selection of new ones against the membership criteria announced in March. 2013-05-02T12:50:00Z 2013-05-02T12:50:00Z News Item http://www.iasplus.com/en/news/2013/05/research-papers In an effort to promote accounting research, the publisher Taylor & Francis Online has pulled together four freely available collections of research papers on currently much debated issues. The topic groups are: 'International Financial Reporting Standards', 'Sustainability in Accounting', 'The Financial Crises', and 'Accounting Education'. 2013-05-02T10:10:00Z 2013-05-02T10:10:00Z News Item http://www.iasplus.com/en/othernews/ivsc/ivsc-guide The International Valuation Standards Council (IVSC) has published a guide on valuation professional organisations. The guide outlines the role of the valuation profession and the role and responsibilities of valuation professional organisations. 2013-05-02T00:00:00Z 2013-05-02T00:00:00Z News Item http://www.iasplus.com/en/othernews/united-states/2013/fasb-pasu-deferral-disclosure The US Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) that defers indefinitely the effective date for certain disclosures about investments held by a nonpublic employee benefit plan in the plan sponsor’s own equity securities. 2013-05-01T17:30:00Z 2013-05-01T17:30:00Z News Item http://www.iasplus.com/en/news/2013/04/work-plan The International Accounting Standards Board (IASB) has updated its work plan. Following its April meeting, the IASB changed the timing of expected milestones in macro hedge accounting, rate-regulated activities, and revenue recognition. Also, a number of updates to the narrow scope projects have been made. 2013-04-30T18:50:00Z 2013-04-30T18:50:00Z News Item http://www.iasplus.com/en/othernews/united-states/2013/integrated-reporting-in-the-us The Investor Responsibility Research Center Institute (IRRCI), a not-for-profit organisation funding objective research focused on corporate governance and responsibility, has released a report 'Integrated Financial and Sustainability Reporting in the United States' showing that every company in the S&P 500 except one reports some form of sustainability disclosure. However, even though sustainability reporting as such is widespread, extent, quantification and connectivity can still be much improved. 2013-04-30T13:10:00Z 2013-04-30T13:10:00Z News Item http://www.iasplus.com/en/news/2013/04/efrag-dcl-ed2013-4 The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on the IASB's Exposure Draft ED/2013/4 'Defined Benefit Plans: Employee Contributions (Proposed amendments to IAS 19)' which was published on 25 March 2013. 2013-04-29T19:20:00Z 2013-04-29T19:20:00Z News Item http://www.iasplus.com/en/news/2013/04/rr-membership The IASB has announced the members to its consultative group for the Rate-regulated Activities research project. 2013-04-29T14:30:00Z 2013-04-29T14:30:00Z News Item http://www.iasplus.com/en/news/2013/04/iasb-meeting-3 The IASB's April meeting was held in London on 23-25 April 2013. We have posted Deloitte observer notes from Wednesday's session on conceptual framework and Thursday's sessions on hedge accounting, conceptual framework, annual improvements — 2012-2014 cycle and 2010-2012 cycle, post-implementation review of IFRS 8, and levies (IAS 37/IFRIC 6). 2013-04-26T19:15:00Z 2013-04-26T19:15:00Z News Item http://www.iasplus.com/en/news/2013/04/iasb-meeting-2 The IASB's April meeting is being held in London on 23-25 April 2013. We have posted Deloitte observer notes from Tuesday's educational session on IFRS for SMEs and regular sessions on IFRS for SMEs and narrow-scope amendments (IAS 36); and Wednesday's session on the annual improvements 2012-2014 cycle (IFRS 7). 2013-04-25T21:00:00Z 2013-04-25T21:00:00Z News Item http://www.iasplus.com/en/news/2013/04/cmac-meeting-summary The IASB has released a summary of the Capital Markets Advisory Committee (CMAC) meeting which was held in London on 7 March 2013. 2013-04-25T16:25:00Z 2013-04-25T16:25:00Z News Item http://www.iasplus.com/en/othernews/united-kingdom/frc-research-project-share-based-payments Following the issue of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' which provides simplified requirements for accounting for share-based payment schemes, the Financial Reporting Council (FRC) have conducted research into whether an even more simplified accounting approach could be developed for private companies. The FRC has issued a Bulletin which discusses preliminary findings from this review and ask for comments through the Invitation to Comment process. 2013-04-25T15:05:00Z 2013-04-25T15:05:00Z News Item http://www.iasplus.com/en/news/2013/04/ed-rate-regulated 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. 2013-04-25T13:25:00Z 2013-04-25T13:25:00Z News Item