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  • IASB proposes amendments regarding the classification and measurement of financial instruments

    21 Mar 2023

    The International Accounting Standards Board (IASB) has published an exposure draft 'Amendments to the Classification and Measurement of Financial Instruments (Proposed amendments to IFRS 9 and IFRS 7)' to address matters identified during the post-implementation review of the classification and measurement requirements of IFRS 9 'Financial Instruments'. Comments are requested by 19 July 2023.

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  • IFRS Interpretations Committee holds March 2023 meeting

    20 Mar 2023

    The IFRS Interpretations Committee (Committee) met on 14-15 March 2023. The Committee discussed comment letters on one tentative agenda decision, three new items, two potential Annual Improvements to IFRS Accounting Standards and an item for input on an IASB project.

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  • Pre-meeting summaries for the March 2023 IASB meeting

    16 Mar 2023

    The IASB meets in London on 20–23 March 2023. We have posted our pre-meeting summaries for the meeting that allow you to follow the IASB’s decision making more closely. We summarised 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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  • Pre-meeting summaries for the March 2023 ISSB meeting

    14 Mar 2023

    The ISSB is meeting in Frankfurt on 16 March 2023. We have posted our pre-meeting summaries for the meeting that allow you to follow the ISSB’s decision making more closely. We summarised the agenda papers made available by the ISSB and pointed out the main issues and recommendations.

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  • Bases for conclusions on draft ESRS available

    13 Mar 2023

    On 22 November 2022, the European Financial Reporting Advisory Group (EFRAG) submitted its draft European Sustainability Reporting Standards (ESRS) to the European Commission. The bases for conclusions to go with each proposed ESRS have now become available as well.

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  • March 2023 IASB meeting agenda posted

    10 Mar 2023

    The IASB has posted the agenda for its next meeting, which will be held in its office in London on 20–23 March 2023. There are seven topics on the agenda.

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  • Agenda for the March 2023 ASAF meeting

    07 Mar 2023

    The International Accounting Standards Board (IASB) has released an agenda and meeting papers for the meeting of the Accounting Standards Advisory Forum (ASAF), which is to be held in the IASB's offices in London on 27–28 March 2023.

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    Leaf - sustainability (green) Image

  • EC tells EFRAG to concentrate on the implementation of Set 1 of the ESRS

    22 Mar 2023

    On 22 November 2022, the European Financial Reporting Advisory Group (EFRAG) submitted its first set of draft European Sustainability Reporting Standards (ESRS) to the European Commission (EC) and began working on Set 2 of the ESRS, which would contain sector-specific standards. EFRAG has now been told to concentrate on providing additional guidance on how to apply the proposed standards in Set 1.

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  • IFRS Foundation seeks new SMEIG members

    07 Mar 2023

    The IFRS Foundation Trustees are currently seeking nominations for membership of the SME Implementation Group (SMEIG), which supports the international adoption of the 'International Financial Reporting Standards for Small and Medium-sized Entities' (IFRS for SMEs) and monitors its implementation.

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  • Updated IPSAS-IFRS alignment dashboard

    06 Mar 2023

    The International Public Sector Accounting Standards Board (IPSASB), which develops the International Public Sector Accounting Standards (IPSAS) for financial reporting by governments and other public sector entities, has released an updated IPSAS-IFRS alignment dashboard showing how far individual IPSAS are aligned with corresponding IFRSs.

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  • Report on the January 2023 interim IFASS meeting

    02 Mar 2023

    A report has been issued summarising the discussions at the interim meeting of the International Forum of Accounting Standard Setters (IFASS) held by remote participation on 12 January 2023.

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  • IFRS Foundation and FASF of Japan sign Memorandum of Understanding

    01 Mar 2023

    During the meeting of the Trustees of the IFRS Foundation currently taking place in Tokyo, Japan, the Trustees and the Financial Accounting Standards Foundation (FASF) of Japan have signed a Memorandum of Understanding (MoU) which extends financial support to the IFRS Foundation by the FASF.

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  • GPF seeks members

    28 Feb 2023

    The Global Preparers Forum (GPF) is seeking new members with an emphasis for candidates based in emerging economies, North America, and South America with experience in the technology and/or media sectors.

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  • Agenda for March 2023 CMAC meeting

    24 Feb 2023

    Representatives from the International Accounting Standards Board (IASB) will meet with the Capital Markets Advisory Council (CMAC) in a hybrid meeting on 9 March 2023. The agenda for the joint meeting has been released.

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  • Deloitte response to the survey on the need for GHG protocol corporate standards and guidance updates

    published 22 Mar 2023

    In our response, we emphasise aspects of the GHGP for which we believe there is a need for greater consistency. In particular, we recommend that that the Corporate Standard should use terminology from widely-adopted financial reporting standards – notably IFRS Accounting Standards and U.S. GAAP, to the extent possible. We believe this is particularly important to promote connectivity of GHG emissions disclosures with financial reporting.

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  • Technology Industry Accounting Guide (2023)

    published 14 Mar 2023

    The 2023 inaugural edition of Deloitte’s Technology Industry Accounting Guide addresses topics of relevance to finance and accounting professionals in the technology industry, such as revenue recognition, software-related costs, acquisitions and divestitures, consolidation, stock-based compensation, leases, financial instruments, income taxes, digital assets, initial public offerings, and disclosures of non-GAAP measures and metrics. To help technology entities work through some of the more difficult accounting and financial reporting issues related to these and other relevant topics, this Guide includes interpretive guidance, illustrative examples, and discussion of recent standard-setting developments (through February 28, 2023).

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  • IFRS on Point — February 2023

    published 07 Mar 2023

    IFRS on Point highlights critical financial reporting developments and main IFRS-related news stories of the previous month.

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  • Deloitte comment letter on the GSSB’s draft work programme

    published 17 Feb 2023

    We have no direct suggestions on the proposed order of prioritisation for reviewing the existing GRI Standards. However, we consider that, as an overall approach, revisions to the GRI Standards should seek to enhance interoperability with those developed and issued by the International Sustainability Standards Board (ISSB) and other significant sustainability standards-setters. We agree that expanding coverage of climate-related matters is important, nevertheless, we also emphasise the increasing importance of social topics to business.

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