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  • IASB (International Accounting Standards Board) (blue) Image
  • Updated IASB work plan — Analysis

    23 Feb 2018

    Following the IASB's February 2018 meeting, we have analysed the IASB work plan to see what changes have resulted from the meeting and other developments in February. Changes are minor.

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  • February 2018 IASB meeting notes posted

    23 Feb 2018

    The IASB met at its offices in London on Tuesday 20 and Thursday 22 February 2018. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

  • SEC (US Securities and Exchange Commission) (dark gray) Image
  • SEC issues interpretive guidance on cybersecurity

    22 Feb 2018

    The increasing number and severity of cybersecurity incidents has led the Securities and Exchange Commission (SEC) to issue interpretive guidance to promote clearer and more robust disclosures by public companies in relation to their cybersecurity risks and incidents.

  • IFASS (International Forum of Accounting Standard Setters) (dark green) Image
  • Agenda for the upcoming IFASS meeting

    15 Feb 2018

    The International Forum of Accounting Standard Setters (IFASS) will meet in Mumbai on 12 and 13 April 2018. Among the topics to be discussed are the strategy of the IFRS Interpretations Committee regarding tentative agenda decisions as well as approaches and experiences regarding the adoption of new standards (IFRS 15, IFRS 16, IFRS 17).

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  • Pre-meeting summaries for the February IASB meeting

    14 Feb 2018

    The IASB will meet at its offices in London on 20 and 22 February 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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  • Compendium of Ind AS Clarification Bulletins

    12 Feb 2018

    India is currently in its process of implementating the Indian Accounting Standards (Ind AS), which are largely converged with International Financial Reporting Standards (IFRSs). For addressing transition related queries, an Ind AS Transition Facilitation Group (ITFG) has been set up that issues clarification bulletins addressing implementation issues from time to time. For ease of reference, the 14 bulletins issued so far have now been condensed into one compendium.

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  • Heads Up — In the spirit of full cybersecurity disclosure  Image
  • Heads Up — In the spirit of full cybersecurity disclosure

    published 23 Feb 2018

    This Heads Up discusses the SEC’s recently issued interpretation, "Commission Statement and Guidance on Public Company Cybersecurity Disclosures." The interpretation largely refreshes existing SEC staff guidance related to cybersecurity and, like that guidance, does not establish any new disclosure obligations but rather presents the SEC’s views on how its existing rules should be interpreted in connection with cybersecurity threats and incidents. SEC Chairman Jay Clayton has asked the Division of Corporation Finance to continue to closely monitor cybersecurity disclosures as part of its filing review process.

  • Financial Reporting Alert 18-4 — FASB Issues ASU on Reclassifying Certain Tax Effects From AOCI Image
  • Financial Reporting Alert 18-4 — FASB issues ASU on reclassifying certain tax effects from AOCI

    published 12 Feb 2018

    This Financial Reporting Alert discusses the FASB's recently issued Accounting Standards Update (ASU) No. 2018-02, "Reclassification of Certain Tax Effects From Accumulated Other Comprehensive Income." This publication is an update to our February 12, 2018, Financial Reporting Alert, which addressed the tentative decisions made by the FASB at its February 7, 2018, meeting with respect to the exposure draft on which the ASU is based.

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  • EFRAG endorsement status report 8 February 2018

    published 08 Feb 2018

    The endorsement status report has been updated to reflect that the European Union has formally adopted the amendments resulting from the 2014-2016 cycle of annual improvements.

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  • EFRAG endorsement status report 7 February 2018

    published 07 Feb 2018

    The endorsement status report has been updated to reflect that the IASB has issued "Amendments to IAS 19: Plan Amendment, Curtailment or Settlement," and updated expected endorsement timeframe for IFRIC 23 and amendments to IFRS 9.

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  • Deloitte e-learning — IFRS 15

    published 06 Feb 2018

    This Deloitte e-learning module provides training in the background, scope and principles under IFRS 15 'Revenue from Contracts with Customers', and the application of this Standard. Topics covered include the principles for the recognition of revenue to the sale of goods, services, licenses, royalties, and any variable consideration or modifications to contracts; and guidance is provided on how these principles should be applied by using the new five step revenue recognition model.

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  • IFRS on point — January 2018

    published 06 Feb 2018

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

  • Shipping Spotlight — Navigating a vessel through the new revenue and leases standards Image
  • Shipping Spotlight — Navigating a vessel through the new revenue and leases standards

    published 01 Feb 2018

    This Shipping Spotlight discusses the new revenue and leases standards with a focus on implementation considerations for the shipping industry. Specifically, this publication addresses select aspects of the new revenue and leases standards that relate to certain common arrangements in the shipping industry, such as (1) voyage charters, (2) contracts of affreightment, (3) time charters, (4) bareboat charters, and (5) vessel pool arrangements.

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