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  • European Union Image

  • ESAs comment on IFRS 17 endorsement process in the EU

    19 Oct 2018

    The European Supervisory Authorities (ESAs) have jointly written to the European Financial Reporting Advisory Group (EFRAG) to express concerns on the endorsement process for IFRS 17 'Insurance Contracts'.

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  • Recordings from the October 2018 DPOC meeting

    18 Oct 2018

    The Trustees of the IFRS Foundation are currently meeting in Johannesburg. On 16 October, the Due Process Oversight Committee (DPOC) of the Trustees held its meeting (the only part of the Trustees meeting held in public). Recordings from the meeting are now available.

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  • Pre-meeting summaries for the October IASB meeting

    16 Oct 2018

    The IASB will meet on Wednesday 24 and Thursday 25 October 2018. We have posted our pre-meeting summaries for the meeting that allow you to follow the IASB’s decision making more closely. For each topic to be discussed we summarise the agenda papers made available by the IASB staff and point out the main issues to be discussed by the IASB and the staff recommendations.

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  • Papers for the upcoming IASB discussion of IFRS 17

    12 Oct 2018

    At its upcoming meeting, the IASB will discuss IFRS 17 'Insurance Contracts' to determine whether the various concerns regarding the standard that have been brought to the IASB's attention require action of the Board.

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  • October 2018 IASB meeting agenda posted

    12 Oct 2018

    The IASB has posted the agenda for its next meeting, which will be held at its offices in London on 24 and 25 October 2018. There are eight topics on the agenda.

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  • Updated IPSAS-IFRS alignment dashboard

    12 Oct 2018

    The International Public Sector Accounting Standards Board (IPSASB), which develops the of 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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  • Agenda for the October 2018 DPOC meeting

    10 Oct 2018

    The Trustees of the IFRS Foundation will be meeting in Johannesburg from 16 to 18 October 2018. However, only the meeting of the Due Process Oversight Committee (DPOC) on 16 October will be held in public.

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  • e-learning Image

  • Deloitte e-learning — IAS 2

    published 18 Oct 2018

    This Deloitte e-learning module provides training in the background, scope and principles under IAS 2 'Inventories', and the application of this Standard. Topics covered include the definition of inventory, costs classified as inventory, cost formulas, and net realisable value.

  • Heads Up — At

  • Heads Up — At "lease" there are answers to transition questions

    published 17 Oct 2018

    This Heads Up addresses certain transition issues associated with the adoption of the guidance in FASB Accounting Standards Codification Topic 842, Leases. Topics discussed in this publication include the interim reporting requirements associated with early adoption (including adoption in the fourth quarter of 2018); the determination of the lease obligation for existing operating leases; and the nuances of historical build-to-suit accounting, including the implications of historical impairments.

  • Financial Reporting Alert 17-6 — Financial reporting implications of disasters Image

  • Financial Reporting Alert 17-6 — Financial reporting implications of disasters

    published 17 Oct 2018

    This Financial Reporting Alert highlights some of the financial reporting implications of disasters for entities reporting under U.S. GAAP. Those implications can include the accounting for asset impairments, the income statement classification of losses, insurance recoveries, and additional exposure to environmental remediation liabilities. The newsletter includes information on how entities affected by recent storms may be able to apply for relief from SEC filing requirements.

  • EFRAG endorsement status report 12 October 2018 Image

  • EFRAG endorsement status report 12 October 2018

    published 12 Oct 2018

    The endorsement status report has been updated to reflect that EFRAG has published a final endorsement advice on 'Amendments to References to the Conceptual Framework in IFRS Standards' and to reflect the Accounting Regulatory Committee ('ARC') positive vote on amendments to IAS 19 regarding 'Plan Amendment, Curtailment or Settlement'.

  • IFRS on Point — September 2018 Image

  • IFRS on Point — September 2018

    published 12 Oct 2018

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

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    • IASB Meeting — 19–21 June 2018

      Start: 19 Jun 2018 - End: 21 Jun 2018

      The IASB met in London on 19–21 June 2018 to discuss fifteen topics and included an educational session with the FASB.

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