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  • Updated IASB and ISSB work plan — Analysis (January 2023)

    30 Jan 2023

    Following the IASB's and ISSB's January 2023 meetings, we have analysed the work plan on the IFRS Foundation website to see what changes have resulted from the meetings and other developments since the work plan was last revised in December 2022.

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  • ESAs issue opinions on ESRS

    27 Jan 2023

    On 25 November 2022, the European Commission requested the European Supervisory Authorities (ESAs) to provide an opinion on the technical advice on the first set of European Sustainability Reporting Standards (ESRS), which the European Financial Reporting Advisory Group (EFRAG) submitted on 22 November 2022.

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  • January 2023 ISSB meeting notes posted

    24 Jan 2023

    The ISSB met in Frankfurt on Tuesday 17, Wednesday 18 and Thursday 19 January 2023. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

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  • Webinar on call for papers on IFRS 9 hedge accounting requirements

    31 Jan 2023

    On 8 February 2023, the IASB is offering a live webinar for academics to explain what academic research it is interested in receiving to inform its forthcoming post-implementation review of the hedge accounting requirements in IFRS 9 (and related new disclosure requirements in IFRS 7).

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  • EFRAG draft comment letter on IAS 12 and pillar two income taxes

    30 Jan 2023

    The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on the exposure draft 'International Tax Reform — Pillar Two Model Rules (Proposed amendments to IAS 12)' the IASB published to respond 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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  • Two academic studies sponsored by EFRAG and ICAS

    27 Jan 2023

    The European Financial Reporting Advisory Group (EFRAG) and the Institute of Chartered Accountants of Scotland (ICAS) have jointly sponsored two academic studies, one on intangibles and one on discounting.

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  • Webcast on financial instrument proposals in the IFRS for SMEs ED

    19 Jan 2023

    On 8 September 2022, the IASB published an Exposure Draft (ED) of proposed amendments to its 'International Financial Reporting Standard for Small and Medium-sized Entities' (IFRS for SMEs). The IASB has now released a webcast offering deeper insights into the proposals on financial instruments included in the ED.

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  • CMAC seeks members

    18 Jan 2023

    The Capital Markets Advisory Committee (CMAC) is seeking new members and welcomes applications from analysts and investors from all over the world.

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  • IPSASB ED on concessionary leases

    18 Jan 2023

    As part of phase two of its project on leases, the International Public Sector Accounting Standards Board (IPSASB) has released an exposure draft (ED) proposing amendments to two of its existing standards.

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  • DPOC holds supplementary meeting

    09 Jan 2023

    The Due Process Oversight Committee (DPOC) held a supplementary meeting on 1 December 2022. A summary of the meeting is now available.

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  • New and revised pronouncements as at 31 December 2022

    17 Dec 2022

    Our popular summary of new and revised financial reporting requirements, updated for financial reporting periods ending on 31 December 2022. This listing can be used to perform a quick check that new financial reporting requirements such as new and revised accounting standards and interpretations, and amendments to standards and interpretations, have been fully considered in the reporting close process. The information below can also be used to assist with the disclosure requirements under paragraph 30 of IAS 8 'Accounting Policies, Changes in Accounting Estimates and Errors', which requires entities to disclose any new IFRSs that are in issue but not yet effective and which are likely to impact the entity.

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  • EFRAG endorsement status report 31 January 2023

    published 31 Jan 2023

    The endorsement status report has been updated to reflect that EFRAG has published final endorsement advice on 'Lease Liability in a Sale and Leaseback (Amendments to IFRS 16)'.

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  • Illustrative disclosures for insurers applying IFRS 17

    published 25 Jan 2023

    With IFRS 17 'Insurance Contracts' now being effective for periods that commenced on 1 January 2023, insurers and reinsurers are increasingly focusing on what they will disclose. Investors, on the other hand, are more focused on what they would like to be disclosed. This publication includes illustrative presentation and disclosures under IFRS 17 to help preparers to implement the disclosure requirements and to give investors, auditors, and regulator an idea of what to expect from preparers.

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  • On the Radar — Non-GAAP financial measures and metrics

    published 24 Jan 2023

    Non-GAAP financial measures and metrics are used commonly by both existing registrants and companies seeking to gain access to the U.S. capital markets through an initial public offering. Many registrants assert that non-GAAP measures are meaningful and provide valuable insight into the information that management considers important in running the business.

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  • Roadmap: Non-GAAP Financial Measures and Metrics (2023)

    published 24 Jan 2023

    This Roadmap combines the SEC’s guidance on non-GAAP measures with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format. The 2023 edition of this publication reflects recent developments related to non-GAAP measures, key performance indicators, and metrics. Such developments include the SEC’s issuance of new and updated interpretive guidance on non-GAAP measures.

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  • IFRS on Point — December 2022

    published 12 Jan 2023

    IFRS on Point highlights critical financial reporting developments and main IFRS-related news stories of the previous month.

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