IAS Plus

IPSASB podcast and Q&A document on materiality

23 Jun 2017

The International Public Sector Accounting Standards Board (IPSASB) staff have issued a podcast and a questions and answers document on the application of materiality to preparing financial statements.

ASBJ publishes proposed amendments to 'Japan’s Modified International Standards'

23 Jun 2017

The ASBJ has issued JMIS Exposure Draft No. 4 'Proposed amendments to Japan’s Modified International Standards (JMIS): Accounting Standards Comprising IFRSs and the ASBJ Modifications'.

Academic workshop on measurement in financial reporting

23 Jun 2017

The European Financial Reporting Advisory Group (EFRAG) invites academics to join a workshop on measurement in financial reporting and the challenges and objectives connected with it in Brussels on 5 September 2017.

IFRS Foundation Trustees seek to fill Advisory Council vacancies

23 Jun 2017

The Trustees of the IFRS Foundation are calling for candidates to fill vacancies occurring at the end of 2017 for membership to the IFRS Advisory Council.

IASB posts webinar on IFRS 17

21 Jun 2017

The IASB has posted to its website a webinar on the recently issued standard IFRS 17 'Insurance Contracts'.

IASB updates agenda for June 2017 meeting

20 Jun 2017

The IASB has updated the agenda for its 21–22 June 2017 meeting. Wednesday's meeting time was shortened, the order of topics changed, and — most notably — the discussion on materiality was moved to the Board's July meeting.

IASB publishes proposed amendments to IAS 16 regarding proceeds before intended use

20 Jun 2017

The International Accounting Standards Board (IASB) has published an exposure draft 'Property, Plant and Equipment — Proceeds before Intended Use (Proposed amendments to IAS 16)' on proceeds from selling items produced while bringing an asset into the location and condition necessary for it to be capable of operating in the manner intended by management. Comments are requested by 19 October 2017.

IFRS Interpretations Committee holds June 2017 meeting

15 Jun 2017

The IFRS Interpretations Committee met in London on Tuesday 13 June 2017. We have posted Deloitte observer notes for the technical issues discussed during this meeting.

ICAEW report on corporate reporting and new technologies

14 Jun 2017

The Institute of Chartered Accountants in England and Wales (ICAEW) has released a report 'What next for corporate reporting: time to decide?' that argues that it is time for policy makers to take a decision on how best to use IT to satisfy increasing demands for information.

Report on the April 2017 IFRS Advisory Council meeting

14 Jun 2017

The IFRS Advisory Council met in London on 4–5 April 2017. Significant topics on the agenda included (1) financial stability and the IFRS Foundation, (2) wider corporate reporting, and (3) materiality.

TRG Snapshot — June 2017 TRG meeting on credit losses

published 23 Jun 2017

This TRG Snapshot summarizes the June 12, 2017, public meeting of the FASB’s credit losses transition resource group (TRG). This TRG meeting was the first to be attended by the FASB since it issued the CECL guidance.

Heads Up — PCAOB adopts changes to the auditor’s report

published 20 Jun 2017

This Heads Up provides an overview of the PCAOB new auditing standard, "The Auditor’s Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion [AS 3101] and Related Amendments to PCAOB Standards."

IFRS fokussiert - Interpretation IFRIC 23

published 19 Jun 2017

This German-language newsletter offers a summary of the recently published Interpretation IFRIC 23 'Uncertainty over Income Tax Treatments'.

IFRS on Point — May 2017

published 19 Jun 2017

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

Deloitte comment letter on tentative agenda decision on IFRS 9 — Financial assets available for the election to present changes in fair value in other comprehensive income

published 13 Jun 2017

We agree with the IFRS Interpretations Committee’s decision not to add this item onto its agenda for the reasons set out in the tentative agenda decision.

EFRAG endorsement status report 7 June 2017

published 08 Jun 2017

This endorsement status report update reflects the issuance of IFRIC 23 'Uncertainty over Income Tax Treatments' by the IASB on 7 June 2017. Final endorsement of the interpretation is currently expected in 2018.

IFRS in Focus — IASB issues IFRIC 23 Uncertainty over Income Tax Treatments

published 07 Jun 2017

This edition outlines a new Interpretation, IFRIC 23 'Uncertainty over Income Tax Treatments', developed by the IFRS Interpretations Committee and issued by the IASB.

IFRS fokussiert — IASB erfragt Umsetzungserfahrungen für spezifische Themenbereiche von IFRS 13

published 06 Jun 2017

This German-language newsletter explains the IASB's Request for Information (RFI) seeking comments from stakeholders to identify whether IFRS 13 'Fair Value Measurement' provides information that is useful to users of financial statements; whether there are areas of IFRS 13 that are difficult to implement and may prevent the consistent implementation of the standard; and whether unexpected costs have arisen in connection with applying or enforcing the standard.

Insurance webcast 64 — The IASB publishes IFRS 17

published 05 Jun 2017

Provides an overview of the scope of IFRS 17, unbundling of non-insurance components, measurement requirements, level of aggregation, insurance revenue, transition, and next steps.

Heads Up — Implementing the new revenue standard — How do your disclosures stack up?

published 05 Jun 2017

This Heads Up discusses observations from our review of the SAB 74 disclosures about adopting the FASB’s new revenue standard that were included in periodic SEC filings of the Fortune 1000 companies.

IASB meeting — 21–22 June 2017

Start: 21 Jun 2017 - End: 22 Jun 2017

The IASB will meet at its offices in London on 21–22 June 2017.

IFRS Interpretations Committee meeting — 13 June 2017

Start: 13 Jun 2017 - End: 13 Jun 2017

The IFRS Interpretations Committee met in London on Tuesday 13 June 2017. The Committee discussed 11 issues — one on-going, five previously issued agenda decisions, and five new.

IASB meeting — 16–17 May 2017

Start: 16 May 2017 - End: 17 May 2017

The IASB met at its offices in London on 16–17 May 2017. There were six topics on the agenda.

IFRS Interpretations Committee meeting — 3 May 2017

Start: 03 May 2017 - End: 03 May 2017

The IFRS Interpretations Committee met via Video Conference Call on Wednesday 3 May 2017. They discussed one new issue and the staff also identified the new issues that have come to them that they are still analysing for future meetings.

IASB meeting — 24 and 27 April 2017

Start: 24 Apr 2017 - End: 27 Apr 2017

The IASB met at its offices in London on 24 and 27 April 2017. One session was held jointly with the FASB.

IASB meeting — 21–22 March 2017

Start: 21 Mar 2017 - End: 22 Mar 2017

The IASB met at its office in London on 21–22 March 2017.

IFRS Interpretations Committee meeting — 14-15 March 2017

Start: 14 Mar 2017 - End: 15 Mar 2017

The IFRS Interpretations Committee met in London on Tuesday and Wednesday 14-15 March 2017. The IFRS Interpretations Committee deliberated comment letters received on issues regarding IAS 19 and IFRS 11, finalised agenda decisions on IAS 2, IAS 12, IAS 28, and IFRS 10, and considered new issues on IAS 12, IAS 19, IAS 32, IAS 33, IAS 41, IFRS 1, and IFRS 9.