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  • DPOC meeting (mid blue) Image
  • DPOC greenlights shortened comment period for IFRS 17 amendments

    23 Apr 2019

    In a conference call held today, the Due Process Oversight Committee (DPOC) discussed the comment letter period for proposed targeted amendments to IFRS 17 'Insurance Contracts'. The staff sought the approval of the DPOC for a shortened comment period of 90 days for the forthcoming exposure draft.

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  • Summary of the March 2019 GPF meeting

    18 Apr 2019

    Representatives of the IASB met with the Global Preparers Forum (GPF) in London on 22 March 2019. Notes from the meeting have now been released.

  • DPOC meeting (mid blue) Image
  • DPOC to discuss comment period for IFRS 17 amendments

    17 Apr 2019

    In a conference call on 23 April 2019, the Due Process Oversight Committee (DPOC) will discuss the comment letter period for proposed targeted amendmentsto IFRS 17 'Insurance Contracts'. The staff is seeking the approval of the DPOC for a shortened comment period of 90 days for the forthcoming exposure draft.

  • IASB podcast (blue) Image
  • IASB issues podcast on latest Board developments

    17 Apr 2019

    The IASB has released a podcast featuring Chair Hans Hoogervorst, Vice-Chair Sue Lloyd, and technical staff member Matt Tilling to discuss the deliberations at the April 2019 IASB meeting.

  • IASB meeting (blue) Image
  • April 2019 IASB meeting notes posted

    16 Apr 2019

    The IASB met on Tuesday 9, Wednesday 10 and Thursday 11 April 2019. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

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  • Updated IASB work plan — Analysis

    12 Apr 2019

    Following the IASB's April 2019 meeting, we have analysed the IASB work plan to see what changes have resulted from the meeting and other developments since the work plan was last revised in March. Eight exposure drafts are expected to be published in June 2019.

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  • Power & Utilities Spotlight — Deploying new tools to elevate risk management as power and utilities companies become more digital

    published 15 Apr 2019

    This Power & Utilities Spotlight summarizes the discussions held during the risk management roundtable hosted by Deloitte in October 2018. Topics discussed included (1) the enterprise risk management (ERM) 2.0 framework and its capabilities, (2) scenario planning and the role of ERM, (3) the risk-based decision framework of the California Public Utilities Commission, (4) extended enterprise risk management and third-party risk management, (5) the future of the digital utility and risks stemming from digitization, and (6) using risk appetite in business decisions.

  • IFRS on Point — March 2019  Image
  • IFRS on Point — March 2019

    published 15 Apr 2019

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

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  • Deloitte comment letter on the IASB's proposed changes regarding onerous contracts

    published 15 Apr 2019

    We support the decision of the Board to limit the proposed amendments to the addition of a definition of what constitutes cost of fulfilling a contract when assessing whether a contract is onerous and we agree that defining the cost of fulfilling a contract as those costs that relate directly to the contract provides the most relevant information.

  • Accounting Spotlight — Revenue recognition — Accounting for costs of obtaining a contract Image
  • Accounting Spotlight — Revenue recognition — Accounting for costs of obtaining a contract

    published 05 Apr 2019

    This Accounting Spotlight discusses whether particular costs, such as salaries, commissions, and bonus payments, are incremental costs of obtaining a contract with a customer and therefore should be capitalized under the cost guidance of the new revenue standard as codified in ASC 340-40. It also highlights considerations for determining the amortization period for capitalized costs of obtaining a contract with a customer in accordance with that guidance.

  • Heads Up — FASB proposes changes to income tax disclosure requirements Image
  • Heads Up — FASB proposes changes to income tax disclosure requirements

    published 29 Mar 2019

    This Heads Up discusses the FASB’s March 25, 2019, proposed ASU, "Disclosure Framework — Changes to the Disclosure Requirements for Income Taxes," and compares it with the Board’s initial exposure draft on this topic, which was issued in July 2016. In addition to modifying or eliminating certain existing income tax disclosure requirements, the proposed ASU would prescribe several new requirements.

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  • Presentation on the EU fitness check at the March 2019 IFASS meeting

    published 29 Mar 2019

    At the meeting of the International Federation of Accounting Standard Setters (IFASS) held in Buenos Aires in March 2019, Peter Sampers, Chairman of the Dutch Accounting Standards Board (DASB) and Professor of Financial Accounting at Maastricht University, provided an update on the outcome of the public consultation on the EU framework for pubic reporting by companies. Drawing on the summary report of the EU and on further analysis of individual responses that were made public by the EU, it can be concluded that there is little support for changes to the current endorsement process and for the introduction of an ability for Europe to modify the content of IFRS.

  • Heads Up — The new revenue standard — A look at SEC feedback in year 1 Image
  • Heads Up — The new revenue standard — A look at SEC feedback in year 1

    published 28 Mar 2019

    This Heads Up offers an overview of the feedback the SEC has provided to registrants about their implementation of the FASB’s new revenue standard, ASC 606, "Revenue From Contracts With Customers." The newsletter highlights some key themes regarding the application of ASC 606 (related to accounting and disclosure requirements) that we noted in our review of approximately 400 SEC staff comments issued to date and presents examples of those comments.

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  • EFRAG endorsement status report 28 March 2019

    published 28 Mar 2019

    The endorsement status report has been updated to reflect that EFRAG has published final endorsement advice on 'Definition of a Business (Amendments to IFRS 3)'.

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