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  • IASB meeting (blue) Image

  • July 2017 IASB meeting notes posted

    20 Jul 2017

    The IASB met at its offices in London on 18 and 19 July 2017. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

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    XBRL (eXtensible Business Reporting Language) (mid blue) Image

  • Illustrative tagging for IFRS 17

    19 Jul 2017

    The IFRS Foundation has published illustrative tagging for the proposed IFRS Taxonomy update regarding IFRS 17 'Insurance Contracts'.

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  • HLEG questionnaire on interim report

    19 Jul 2017

    In mid-July, the High-Level Expert Group (HLEG) on Sustainable Finance, established by the European Commission, published a first report setting out concrete steps to create a financial system that supports sustainable investments. The HLEG has now launched a questionnaire aimed at gathering targeted feedback on the analysis and reflections in the interim report and informing the preparation of the final report.

  • IFAC (International Federation of Accountants) (lt gray) Image

  • IFAC and CIPFA announce public sector accountability index

    17 Jul 2017

    The International Federation of Accountants (IFAC) and the Chartered Institute of Public Finance and Accountancy (CIPFA) have announced that they have begun building up an index that will reflect the extent of accrual accounting and adoption of International Public Sector Accounting Standards (IPSASs) around the world.

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  • European Commission text with "top up" regarding IFRS 4 amendments

    14 Jul 2017

    The European Commission has made available the text sent to the European Parliament and the Council of the European Union regarding the endorsement of 'Applying IFRS 9 'Financial Instruments' with IFRS 4 'Insurance Contracts' (Amendments to IFRS 4)'. The text includes a "top up" that would allow a financial conglomerate to elect that none of its entities operating in the insurance sector apply IFRS 9 in the consolidated financial statements for financial years the commencement of which precedes 1 January 2021 where certain conditions are met.

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    European Union Image

  • EU High-Level Expert Group on Sustainable Finance delivers early recommendations

    14 Jul 2017

    The High-Level Expert Group (HLEG) on Sustainable Finance, established by the European Commission, has published its first report setting out concrete steps to create a financial system that supports sustainable investments. Special significance is placed on the integration of information for investors and integrated reporting is cited as key to the ultimate ambition of convergence to low-carbon growth.

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  • Heads Up — Crisis adverted Image

  • Heads Up — Crisis averted

    published 20 Jul 2017

    This Heads Up discusses the SEC staff’s announcement at today’s meeting of the Emerging Issues Task Force that the staff would not object to elections by certain public business entities (PBEs) to use the non-PBE effective dates for the sole purpose of adopting the FASB’s new standards on revenue and leases.

  • Heads Up — FASB proposes targeted amendments to the related-party guidance for variable interest entities Image

  • Heads Up — FASB proposes targeted amendments to the related-party guidance for variable interest entities

    published 14 Jul 2017

    This Heads Up discusses the FASB’s proposed Accounting Standards Update (ASU), "Targeted Improvements to Related Party Guidance for Variable Interest Entities." The proposed ASU’s three main objectives are (1) to add an elective private-company scope exception to the variable interest entity (VIE) guidance for entities under common control, (2) to remove a sentence in ASC 810-10-55-37D regarding the evaluation of fees paid to decision makers to conform with the amendments in ASU 2016-17 (issued in October 2016), and (3) to make additional changes to the related-party guidance in the VIE primary-beneficiary assessment, including amending the guidance in ASC 810-10-25-44 (frequently referred to as the related-party tiebreaker test).

  • EFRAG endorsement status report 13 July 2017 Image

  • EFRAG endorsement status report 13 July 2017

    published 14 Jul 2017

    The endorsement status report has been updated to include a footnote that links to the text sent to the European Parliament and the Council of the European Union regarding the endorsement of 'Applying IFRS 9 'Financial Instruments' with IFRS 4 'Insurance Contracts' (Amendments to IFRS 4)'.

  • EFRAG endorsement status report 6 July 2017 Image

  • EFRAG endorsement status report 6 July 2017

    published 06 Jul 2017

    The endorsement status report has been updated to reflect that ARC voted in favour of endorsing amendments to IAS 7, amendments to IAS 12, and clarifications to IFRS 15. Final endorsement of these pronouncements is expected in the fourth quarter of 2017.

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    • 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.

    • 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.

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