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  • IASB publishes second request for information on the post-implementation review of IFRS 9

    30 May 2023

    The International Accounting Standards Board (IASB) has issued a request for information (RFI) seeking comments from stakeholders to identify whether the impairment requirements in IFRS 9 'Financial Instruments' provide information that is useful to users of financial statements; whether there are requirements that are difficult to implement and may prevent the consistent implementation of the standard; and whether unexpected costs have arisen in connection with applying or enforcing the standard.

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  • Chair of the Trustees speaks at EAA Conference

    28 May 2023

    Erkki Liikanen, Chair of the IFRS Foundation Trustees, spoke at the he European Accounting Association Conference about relationships between the IFRS Foundation, its standard-setting boards, and the academic community around the world.

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  • IASB publishes amendments to IAS 7 and IFRS 7 regarding supplier finance arrangements

    25 May 2023

    The International Accounting Standards Board (IASB) has published 'Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7)' to add disclosure requirements, and ‘signposts’ within existing disclosure requirements, that ask entities to provide qualitative and quantitative information about supplier finance arrangements.

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  • May 2023 ISSB meeting notes posted

    25 May 2023

    The ISSB met in London on 18 May 2023. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

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  • Call for papers – 2024 IASB Research Forum

    22 May 2023

    The IFRS Foundation has announced that it will host the 2024 IASB Research Forum in Sydney in early November 2024 and are seeking research papers to help inform the IASB’s standard-setting activities.

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  • Updated IPSAS-IFRS alignment dashboard

    17 May 2023

    The International Public Sector Accounting Standards Board (IPSASB), which develops the International Public Sector Accounting Standards (IPSAS) for financial reporting by governments and other public sector entities, has released an updated IPSAS-IFRS alignment dashboard showing how far individual IPSAS are aligned with corresponding IFRSs.

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  • Summary of the March 2023 CMAC meeting

    16 May 2023

    Representatives from the International Accounting Standards Board (IASB) met with the Capital Markets Advisory Council (CMAC) in a hybrid meeting on 9 March 2023. Notes from the meeting have now been released.

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  • Webcast on the equity method project

    16 May 2023

    Following its recent decision to move the equity method of accounting project from the research agenda to the standard-setting agenda, the IASB has released a webcast offering some background on the project.

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  • IPSASB guidance on sustainability programme information

    10 May 2023

    In light of the urgent need for sustainability reporting guidance for the public sector, the International Public Sector Accounting Standards Board (IPSASB) has issued 'Reporting Sustainability Program Information — Amendments to RPGs 1 and 3: Additional Non-Authoritative Guidance'.

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  • EFRAG draft comment letter on the IASB’s proposed amendments to classification and measurement of financial instruments

    05 May 2023

    The EFRAG has issued a draft comment letter on the IASB’s proposed amendments to the classification and measurement of financial instruments. Overall, the EFRAG welcomes the IASB’s proposed amendments, particularly the clarifications to the general solely payments of principal and interest (SPPI) requirements, which the EFRAG says would provide a good basis for evaluating whether contractual cash flows of financial assets with ESG-linked or similar features meet SPPI requirements.

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  • EFRAG endorsement status report 30 May 2023

    published 30 May 2023

    The endorsement status report has been updated to reflect that the IASB has published amendments to IAS 7 and IFRS 7 (adds disclosure requirements, and ‘signposts’ within existing disclosure requirements, that ask entities to provide qualitative and quantitative information about supplier finance arrangements) and IAS 12 (addressed to stakeholders’ concerns about the potential implications of the imminent implementation of the OECD pillar two model rules on the accounting for income taxes).

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  • On the Rader — Derivatives

    published 18 May 2023

    This publication briefly summarizes key issues and developments related to derivative accounting, including the identification, recognition, and measurement of derivatives instruments, including embedded derivatives.

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  • Roadmap: Derivatives (2023)

    published 18 May 2023

    The inaugural edition of this Roadmap provides a comprehensive discussion of the guidance in ASC 815 on the identification, classification, measurement, and presentation and disclosure of derivative instruments, including embedded derivatives.

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