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Podcast on Q4 2024 IFRS Interpretations Committee developments
12 Dec 2024
The IASB has issued a podcast on the developments of the IFRS Interpretations Committee during the fourth quarter of 2024.
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IFRS Foundation webcast series on connectivity between the financial statements and sustainability disclosures
12 Dec 2024
The IFRS Foundation has launched a new webcast series on the connectivity between the financial statements and sustainability-related disclosures. The first two webcasts in the series have now been published.
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IASB Chair discusses fostering transparency and being transparent
10 Dec 2024
At the EFRAG conference on 'Advancing Transparency & Competitiveness in Challenging Times' held in Brussels today, IASB Chair Andreas Barckow discussed fostering transparency and being transparent and the limits of the concept.
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Pre-meeting summaries for the December 2024 ISSB meeting
09 Dec 2024
The ISSB will meet in Frankfurt on 11 December 2024. We have posted our pre-meeting summaries for the meeting that allow you to follow the ISSB’s decision making more closely. We summarised the agenda papers made available by the ISSB staff and point out the main issues to be discussed by the ISSB and the staff recommendations.
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IFRS Interpretations Committee holds November 2024 meeting
09 Dec 2024
The IFRS Interpretations Committee (IFRS IC) met in London on 26 November 2024. The IFRS IC discussed the initial consideration of two agenda decisions and the finalisation of one tentative agenda decision. The IFRS IC also gave input on four IASB projects and considered the approach the staff proposes for managing agenda decisions that relate to IAS 1 that might be affected by the publication of IFRS 18.
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Recording of the sixth 'Perspectives on sustainability disclosure' webinar
09 Dec 2024
The IFRS Foundation has published a recording of its sixth 'Perspectives on sustainability disclosure' webinar. The webinar is titled 'Making the transition from TCFD recommendations to ISSB Standards'.
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Pre-meeting summaries for the December 2024 IASB meeting
06 Dec 2024
The IASB will meet in London on 9 and 11 December 2024. We have posted our pre-meeting summaries for the meeting that allow you to follow the IASB’s decision making more closely. We summarised 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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Recordings from the Beijing International Sustainability Conference 2024
03 Dec 2024
The IFRS Foundation has published the recordings from the Beijing International Sustainability Conference 2024 that was held on 21 November 2024 and was hosted by the IFRS Foundation’s Beijing Office.
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Applicants invited for IFRS Interpretations Committee membership
02 Dec 2024
The Trustees of the IFRS Foundation have invited applications for candidates to fill upcoming vacancies on the IFRS Interpretations Committee.
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December 2024 IASB meeting agenda posted
30 Nov 2024
The IASB has posted the agenda for its next meeting, which will be held in its offices in London on 9–11 December 2024. There are four topics on the agenda.
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Hong Kong sustainability disclosure standards and roadmap published
12 Dec 2024
The Hong Kong Institute of Certified Public Accountants (HKICPA) has issued the final Hong Kong sustainability disclosure standards, which are fully aligned with the ISSB standards. This follows the publication of a roadmap by the Government of the Hong Kong Special Administrative Region that sets out implementation details for mandatory sustainability disclosures.
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New and revised pronouncements as at 31 December 2024
11 Dec 2024
Our popular summary of new and revised financial and sustainability reporting requirements, updated for financial reporting periods ending on 31 December 2024. This listing can be used to perform a quick check that new financial and sustainability reporting requirements such as new and revised accounting and sustainability disclosure 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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Recent sustainability developments
10 Dec 2024
A summary of recent developments at the EU, GRI, EFRAG, SSBJ, Accountancy Europe and NZAOA.
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Swiss Federal Council consults on climate disclosures
09 Dec 2024
The Federal Council of Switzerland has started a consultation on amending the 'Ordinance on Climate Disclosures'. The comment period ends on 21 March 2025.
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EFRAG adds new technical explanations on ESRSs
06 Dec 2024
EFRAG has added further non-authoritative technical explanations to its compilation of explanations that are intended to assist stakeholders in the implementation of the European Sustainability Reporting Standards (ESRSs).
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EFRAG consults on IFRS 19
05 Dec 2024
EFRAG has launched two online surveys to seek preparers' (subsidiaries and parent entities) and users' views on the voluntary application of IFRS 19 'Subsidiaries without Public Accountability: Disclosures'.
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IFCG concludes its advisory role with IASB
04 Dec 2024
The Islamic Finance Consultative Group (IFCG), an advisory body to the IASB, held its final meeting this week. Over its tenure, the IFCG strengthened ties between the IASB and the Islamic finance community, ensuring stakeholders’ perspectives were considered in the standard-setting process.
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Agenda for the December 2024 DPOC meeting
03 Dec 2024
The Due Process Oversight Committee (DPOC) will meet virtually on 4 December 2024.
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EC provides further FAQs on the EU taxonomy for sustainable economic activities
02 Dec 2024
The European Commission (EC) has published a further set of frequently asked questions (FAQs) on the implementation of the EU taxonomy for sustainable economic activities (EU taxonomy).
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Agenda for the December 2024 Emerging Economies Group meeting
29 Nov 2024
The IFRS Foundation Emerging Economies Group (EEG) will meet via video conference call on 17-18 December 2024. An agenda for the meeting is now available.
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Accounting alert – Quarterly update – What’s new in financial reporting for December 2024?
published 12 Dec 2024
This updated 'What's new' publication from Deloitte (New Zealand) provides a high level overview of new and revised financial reporting requirements that need to be considered by for-profit entities for annual and interim financial reporting periods ending on 31 December 2024.
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EFRAG endorsement status report 12 December 2024
published 12 Dec 2024
The endorsement status report has been updated to reflect that EFRAG has published final endorsement advice on 'Annual Improvements to IFRS Accounting Standards — Volume 11'.
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Adoption of IFRS Sustainability Disclosure Standards by jurisdiction
published 10 Dec 2024
‘Adoption of IFRS Sustainability Disclosure Standards by jurisdiction’ gives an overview in tabular format about jurisdictions that have adopted or are in the process of adopting the ISSB standards. This publication has last been updated on 10 December 2024.
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Heads Up — FASB Proposes Guidance on the Measurement of Credit Losses for Certain Entities
published 10 Dec 2024
This Heads Up discusses the FASB’s proposed Accounting Standards Update (ASU) Measurement of Credit Losses for Accounts Receivable and Contract Assets for Private Companies and Certain Not-for-Profit Entities. The proposed ASU would amend ASC 326 to permit private companies and certain not-for-profit entities to elect a practical expedient and accounting policy related to their estimation of expected credit losses for current accounts receivable and current contract assets that arise from transactions accounted for under ASC 606.
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iGAAP in Focus — European sustainability reporting: Worldwide reach of the Corporate Sustainability Reporting Directive (updated December 2024)
published 09 Dec 2024
This 'iGAAP in Focus' outlines the Corporate Sustainability Reporting Directive (CSRD), which was published in the Official Journal of the European Union (EU Official Journal), following its adoption by the European Parliament and European Council in December 2022. This publication has last been updated in December 2024 to reflect recent developments, including the publication of FAQs by the European Commission in August 2024.
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IFRS on Point — November 2024
published 06 Dec 2024
'IFRS on Point' highlights critical financial and sustainability reporting developments and main IFRS-related news stories of the previous month.
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Heads Up — FASB Issues Final Standard on Induced Conversions of Convertible Debt Instruments
published 03 Dec 2024
This Heads Up discusses FASB Accounting Standards Update (ASU) No. 2024-04, Induced Conversions of Convertible Debt Instruments. The ASU amends ASC 470-20 to clarify the requirements related to accounting for the settlement of a debt instrument as an induced conversion.
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iGAAP in Focus — Closing Out (December 2024)
published 03 Dec 2024
In this 'iGAAP in Focus – Closing Out', we set out financial and broader corporate reporting issues that may be relevant in view of the current environment and also highlight areas of regulatory focus, recent changes in accounting standards, and growing investor demand for consistent, comparable, and timely sustainability-related information.
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Deloitte comment letter on IASB's proposed illustrative examples on climate-related and other uncertainties in the financial statements
published 28 Nov 2024
Whilst we agree that providing illustrative examples accompanying IFRS Accounting Standards is useful and more effective than publishing educational material, we do not believe that this is sufficient to address the demands of investors for additional information in the financial statements.
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Deloitte comment letter on IASB's proposal on subsidiaries without public accountability
published 26 Nov 2024
Deloitte Touche Tohmatsu Limited is pleased to respond to the International Accounting Standards Board’s Exposure Draft Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures.
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ISSB Meeting — 11 December 2024
Start: 11 Dec 2024 - End: 11 Dec 2024
The ISSB will meet in Frankfurt on 11 December 2024.
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IASB Meeting — 9–11 December 2024
Start: 09 Dec 2024 - End: 11 Dec 2024
The IASB met in London on 9–11 December 2024.
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IFRS Interpretations Committee meeting — 26 November 2024
Start: 26 Nov 2024 - End: 26 Nov 2024
The IFRS Interpretations Committee met on 26 November 2024.
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ISSB Meeting — 20–21 November 2024
Start: 20 Nov 2024 - End: 21 Nov 2024
The ISSB met in Beijing on 20–21 November 2024.
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IASB Meeting — 19–20 November 2024
Start: 19 Nov 2024 - End: 20 Nov 2024
The IASB met in London on 19–20 November 2024.
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ISSB Meeting — 24 October 2024
Start: 24 Oct 2024 - End: 24 Oct 2024
The ISSB met via video conference on 24 October 2024.
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IASB Meeting — 21–23 October 2024
Start: 21 Oct 2024 - End: 23 Oct 2024
The IASB met in London on 21–23 October 2024.
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IASB | FASB Meeting — 11 October 2024
Start: 11 Oct 2024 - End: 11 Oct 2024
The IASB held an education meeting with the FASB on 11 October 2024.
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ISSB Meeting — 18 September 2024
Start: 18 Sep 2024 - End: 18 Sep 2024
The ISSB met in Frankfurt on 18 September 2024.
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IASB Meeting — 16–18 September 2024
Start: 16 Sep 2024 - End: 18 Sep 2024
The IASB met in London on 16–18 September 2024.