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  • IASB (International Accounting Standards Board) (blue) Image
  • Updated IASB work plan — Analysis (December 2019)

    14 Dec 2019

    Following the IASB's December 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 November.

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  • IASB releases podcast on IFRS 17

    14 Dec 2019

    The IASB has released a podcast featuring IASB member Darrel Scott and technical staff member Vitalina Kobernik as they discuss the developments at the December 2019 Board meeting related to the amendments to IFRS 17 'Insurance Contracts'.

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  • UK taskforce publishes second report on IFRS 9 expected credit loss disclosures

    13 Dec 2019

    In November 2017, The UK Financial Conduct Authority (FCA), Financial Reporting Council (FRC) and the Prudential Regulatory Authority (PRA) set up the Taskforce on Disclosures about Expected Credit Losses (‘the DECL Taskforce’). The idea being that the Taskforce would be a partnership between preparers and users, coming together to engage constructively on expected credit loss (ECL) disclosure. The model for this was the Enhanced Disclosure Task Force (EDTF).

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  • IASB Vice-Chair speaks at annual AICPA conference

    10 Dec 2019

    At the 2019 AICPA Conference on Current SEC and PCAOB Developments, which is currently being held in Washington, IASB Vice-Chair Sue Llyod spoke about the IASB's primary financial statements project, the linkage between financial and non-financial reporting in the IASB's management commentary project, and consistent application of IFRSs.

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  • EFRAG explains how comments on its draft IFRS 17 comment letter were considered in finalising the letter

    09 Dec 2019

    The European Financial Reporting Advisory Group (EFRAG) published its final comment letter on the IASB exposure draft ED/2019/4 ‘Amendments to IFRS 17' in September 2019. EFRAG has now released a feedback statement summarising comments received on the draft comment letter and explaining how those comments were considered by EFRAG during its technical discussions leading to the publication of the final comment letter.

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  • Pre-meeting summaries for the December IASB meeting

    06 Dec 2019

    The IASB will meet in London on 11–12 December 2019 to discuss nine topics. We have posted our pre-meeting summaries for the meeting 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.

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  • CAQ issues publication on company-prepared information

    04 Dec 2019

    The Center for Audit Quality (CAQ) of the American Institute of Certified Public Accountants (AICPA) has released a publication 'The Role of Auditors in Company-Prepared Information: Present and Future'.

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  • Highlights of the 2019 AICPA Conference on Current SEC and PCAOB Developments

    published 16 Dec 2019

    This Heads Up extracts key insights from this year’s three-day AICPA Conference on Current SEC and PCAOB Developments. The conference featured speeches and panel discussions by members of the SEC, PCAOB, FASB, and other professional groups on current accounting, reporting, and auditing practice issues.

  • EFRAG endorsement status report 11 December 2019  Image
  • EFRAG endorsement status report 11 December 2019

    published 11 Dec 2019

    The endorsement status report has been updated to reflect that the European Commission has published a Commission Regulation endorsing the IASB's finalised pronouncement, 'Definition of Material — Amendments to IAS 1 (Presentation of Financial Statements) and IAS 8 (Accounting Policies, Changes in Accounting Estimates and Errors)'.

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  • IFRS on Point — November 2019

    published 10 Dec 2019

    '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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  • EFRAG endorsement status report 9 December 2019

    published 09 Dec 2019

    The endorsement status report has been updated to reflect that the European Union has formally adopted 'Amendments to References to the Conceptual Framework in IFRS Standards'.

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  • IFRS in Focus — Closing Out 2019

    published 06 Dec 2019

    This special edition sets out financial reporting issues that may be relevant for years ending on or after 31 December 2019 as a result of areas of regulatory focus, the current economic environment or changes in accounting standards.

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  • A Roadmap to Accounting for Current Expected Credit Losses

    published 05 Dec 2019

    This Roadmap combines the requirements in ASC 326 with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format. In addition, the publication highlights (1) the requirements of ASC 326 that significantly differ from those in existing U.S. GAAP and (2) standard-setting developments addressing questions raised and challenges identified by stakeholders over the past three years.

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  • Deloitte e-learning — IFRS 3

    published 05 Dec 2019

    This Deloitte e-learning module provides training in the background, scope and principles under IFRS 3 'Business Combinations', and the application of this Standard. Topics covered include the definition of a business combination, amounts included in consideration transferred, recognition and measurement principles, and accounting for goodwill.

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  • Deloitte e-learning — IAS 40

    published 05 Dec 2019

    This Deloitte e-learning module provides training in the background, scope and principles under IAS 40 'Investment Property', and the application of this Standard. Topics covered include the identification of investment property, measuring investment property at fair value, changes in classification, and accounting for investment property disposals.

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