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  • Pre-meeting summaries for the September 2020 IASB meeting

    17 Sep 2020

    The IASB will meet via video conference on 22 and 23 September 2020 for its regular meeting. We have posted our pre-meeting summaries for the meetings 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.

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

  • EFRAG questionnaire on goodwill

    14 Sep 2020

    The European Financial Reporting Advisory Group (EFRAG) has published a questionnaire and an invitation for interviews for preparers with active mergers and acquisitions agendas or material goodwill amounts in their financial statements.

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  • September 2020 IASB meeting agenda posted

    11 Sep 2020

    The IASB has posted the agenda for its next meeting, which will be held via video conference on 22–23 September 2020. There are six topics on the agenda.

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  • Towards comprehensive corporate reporting

    11 Sep 2020

    Five internationally significant framework- and standard-setting institutions (CDP, CDSB, GRI, IIRC, and SASB) have published a statement of intent to work together towards a comprehensive corporate reporting system.

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

  • EFRAG agrees on draft endorsement advice on IFRS 17

    10 Sep 2020

    In a public meeting, the Board of the European Financial Reporting Advisory Group (EFRAG) agreed today to publish positive a draft endorsement advice (DEA) on IFRS 17 'Insurance Contracts'.

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  • Financial Reporting Alert 20-2 — Financial reporting considerations related to COVID-19 and an economic downturn

    published 18 Sep 2020

    This Financial Reporting Alert discusses key accounting and financial reporting considerations related to conditions that may result from the COVID-19 pandemic as well as various industry-specific considerations. Entities may find this publication particularly useful as they address some of the more pervasive and difficult accounting and reporting challenges stemming from the pandemic, including the preparation of forward-looking cash flow estimates; the recoverability and impairment of assets; the accounting for financial assets, contract modifications, and subsequent events; going-concern issues; and SEC reporting considerations.

  • Heads Up — Highlights of the CARES Act Image

  • Heads Up — Highlights of the CARES Act

    published 18 Sep 2020

    This Heads Up discusses key aspects of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which provides $2.2 trillion of economy-wide financial stimulus in the form of financial aid to individuals, businesses, nonprofits, states, and municipalities. The Heads Up focuses on provisions of the CARES Act related to financial instruments, income taxes, and accounting models for government assistance.

  • SEC Roadmap Image

  • A Roadmap to SEC Reporting Considerations for Guarantees and Collateralizations (September 2020)

    published 15 Sep 2020

    This Roadmap is intended to help readers navigate some of the questions that may arise in the application of the SEC’s March 2020 final rule that amends the disclosure requirements related to certain registered securities under SEC Regulation S-X, Rules 3-10 and 3-16. Appendix B includes a disclosure checklist for the alternative disclosures for guaranteed securities, and Appendix C includes a comprehensive example of such disclosures.

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  • EFRAG endorsement status report 14 September 2020

    published 14 Sep 2020

    The endorsement status report has been updated to reflect that EFRAG has issued final endorsement advice on 'Interest Rate Benchmark Reform — Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16)'. Final endorsement of the amendment is currently expected in the fourth quarter of 2020.

  • EITF Snapshot — September 2020 Image

  • EITF Snapshot — September 2020

    published 04 Sep 2020

    This EITF Snapshot summarizes the September 3, 2020, meeting of the Emerging Issues Task Force (EITF or “Task Force”). At this meeting, the Task Force discussed Issue No. 19-C, “Warrant Modifications: Issuers’ Accounting for Modifications of Equity Classified Freestanding Call Options That Are Not Within the Scope of Topic 718, Compensation — Stock Compensation, or Topic 815, Derivatives and Hedging.”

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  • IFRS on Point — August 2020

    published 03 Sep 2020

    'IFRS on Point' highlights critical financial reporting developments. It provides a great way to catch up on the main IFRS-related news stories of the previous month.

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