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  • IASB Vice-Chair discusses IFRS 9

    23 Apr 2018

    IASB Vice-Chair Sue Lloyd has issued a paper which recaps the requirements in IFRS 9 for equity investments and the effects on long-term investment.

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  • ESMA publishes 22nd enforcement decisions report

    20 Apr 2018

    The European Securities and Markets Authority (ESMA) has published further extracts from its confidential database of enforcement decisions taken by European national enforcers. This batch deals with decisions in relation to IFRS 5, IAS 7, IAS 32, IAS1/IAS36, IFRS 3/IFRS 13/IAS 28, IFRIC 17, IAS 1, IFRS 10, IAS 8/IAS 21/IAS 29, and IAS 38.

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  • Pre-meeting summaries for the April IASB meeting

    20 Apr 2018

    The IASB meets at its offices in London on Tuesday 24 and Wednesday 25 April 2018. 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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  • ASBJ and OIC hold joint meeting

    19 Apr 2018

    On 18 April 2018, the Accounting Standards Board of Japan (ASBJ) and the Italian standard-setter Organismo Italiano di Contabilità (OIC) held a joint meeting in Rome. The meeting was the second bilateral meeting between the two standard-setters.

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  • EFRAG endorsement status report 24 April 2018

    published 24 Apr 2018

    The endorsement status report has been updated to reflect that EFRAG has published final endorsement advice on 'Long-term Interests in Associates and Joint Ventures'.

  • Financial Reporting Alert 18-6 — Accounting implications of the new partnership audit rules Image

  • Financial Reporting Alert 18-6 — Financial statement implications of the new partnership audit rules

    published 16 Apr 2018

    This Financial Reporting Alert discusses the financial statement implications of the new rules for partnership audits and adjustments under the Bipartisan Budget Act of 2015, which was signed into law on November 2, 2015. The new rules supersede the current Tax Equity and Fiscal Responsibility Act procedural rules for partnership audits and adjustments and will apply to all partnerships, although an opt-out election is available to certain qualifying partnerships. The rules are effective for returns filed for partnership taxable years beginning after December 31, 2017.

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  • Heads Up — What private companies should know about the new revenue recognition standard

    published 11 Apr 2018

    This Heads Up provides a high-level overview of the new five-step model for recognizing revenue under ASC 606 and discusses the standard's mandatory effective date for private companies. It also outlines the practical expedients available to private companies with respect to certain of the new standard's disclosure requirements and discusses internal control considerations. In addition, the Heads Up provides some observations and lessons learned from the implementation of ASC 606 by public companies.

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  • IFRS on Point — April 2018

    published 10 Apr 2018

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

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  • EFRAG endorsement status report 3 April 2018

    published 03 Apr 2018

    The endorsement status report has been updated to reflect that the European Union has formally adopted IFRIC 22 'Foreign Currency Transactions and Advance Consideration'.

  • A roadmap to applying the new leasing standard (2018) Image

  • A roadmap to applying the new leasing standard (2018)

    published 02 Apr 2018

    This Roadmap combines the requirements in ASC 842 with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format. In addition, the publication highlights (1) the requirements of ASC 842 that significantly differ from those in the FASB’s previous leasing guidance, ASC 840, and the IASB’s new leasing standard, IFRS 16, and (2) standard-setting developments addressing questions raised and challenges identified by stakeholders over the past two years.

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    • IASB Meeting — 24–25 January 2018

      Start: 24 Jan 2018 - End: 25 Jan 2018

      The IASB held a public meeting on Wednesday 24 and Thursday 25 January 2018. There were six topics on the agenda with the longest slots for primary financial statements and the PIR of IFRS 13 'Fair Value Measurement'.

    • IASB Meeting — 13–14 December 2017

      Start: 13 Dec 2017 - End: 14 Dec 2017

      The IASB met in public on Wednesday 13 and Thursday 14 December 2017. There were seven topics on the agenda with the longest slots (two hours each) for primary financial statements and goodwill and impairment.

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