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  • IASB meeting (blue) Image

  • September 2019 IASB meeting agenda posted

    13 Sep 2019

    The IASB has posted the agenda for its next meeting, which will be held at its offices in London on 24–26 September 2019. There are 15 topics on the agenda.

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

  • EFRAG draft comment letter on proposed amendments to IAS 12

    13 Sep 2019

    The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on the IASB exposure draft ED/2019/5 ‘Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction — Proposed amendments to IAS 12'.

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  • ESMA continues series of video tutorials on ESEF

    11 Sep 2019

    The European Securities and Markets Authority (ESMA) has released the third in a series of tutorial videos designed to guide market participants through the new requirements of European Single Electronic Format (ESEF), which will become effective in 2020.

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  • EFRAG appoints new TEG member

    10 Sep 2019

    The Board of the European Financial Reporting Advisory Group (EFRAG) has announced the appointment of Olivier Schérer​ to its Technical Experts Group (TEG), effective from 16 September.

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  • IVSC begins article series on goodwill amortisation

    05 Sep 2019

    The International Valuation Standards Council (IVSC) has published the first article in a series looking into whether principles underlying business valuations are compatible with the concept of goodwill amortisation. The series aims at encouraging public discussion by exploring certain fundamental questions in this area to inform financial statement preparers, reviewers, and users, and aid the capital market.

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  • Accounting Spotlight — Revenue recognition — Identifying performance obligations Image

  • Accounting Spotlight — Revenue recognition — Identifying performance obligations

    published 17 Sep 2019

    This Accounting Spotlight discusses the identification of performance obligations under the new revenue standard (the guidance in ASU 2014-09, “Revenue From Contracts With Customers (Topic 606),” as amended). The publication explains that an entity applying the new revenue standard is required to identify a performance obligation by determining whether a promised good or service is (1) capable of being distinct and (2) distinct within the context of the contract. If the promised good or service does not meet both of these requirements, it must be combined with other goods or services promised in the contract until there is a combination of goods or services that meets the requirements.

  • IFRS on Point — August 2019 Image

  • IFRS on Point — August 2019

    published 16 Sep 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.

  • Heads Up — Critical audit matters make their debut! Image

  • Heads Up — Critical audit matters make their debut!

    published 30 Aug 2019

    This Heads Up summarizes critical audit matters (CAMs) by account/disclosure from auditors’ reports from all large accelerated filers with fiscal years ending June 30, 2019, filed as of August 29, 2019. The CAMs most often identified were related to goodwill and intangible assets, revenue, and income taxes.

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  • EFRAG endorsement status report 29 August 2019

    published 29 Aug 2019

    The endorsement status report has been updated to reflect the Accounting Regulatory Committee ('ARC') positive vote on 'Amendments to References to the Conceptual Framework in IFRS Standards' and 'Amendments to IAS 1 and IAS 8: Definition of Material'.

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  • Deloitte e-learning — IFRS 16 (advanced)

    published 26 Aug 2019

    This Deloitte e-learning module provides training in the background, scope and principles under IFRS 16 'Leases', and the application of this standard. This e-learning builds on the 'IFRS 16 Leases (basic)' e-learning module. In this module, you will deeper dive into the key principles of lease accounting and learn about areas of potential judgment in applying IFRS 16.

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  • Deloitte e-learning — IFRS 16 (basic)

    published 26 Aug 2019

    This Deloitte e-learning module provides training in the background, scope and principles under IFRS 16 'Leases', and the application of this standard. In this e-learning module you will learn about how to identify whether a contract is within the scope of the standard and the key principles of lease accounting.

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    • IASB Meeting — 28 August 2019

      Start: 28 Aug 2019 - End: 28 Aug 2019

      The International Accounting Standards Board (IASB) met at its offices in London on 28 August 2019 to discuss feedback received on ED/2019/1 'Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39)'.

    • IASB Meeting — 22–25 July 2019

      Start: 22 Jul 2019 - End: 25 Jul 2019

      On 23 June the IASB and the US FASB held a joint education meeting. The IASB met on 22 July and 24–25 July.

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