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  • IFRS Foundation Monitoring Board welcomes progress of standard-setting activities

    12 Jun 2024

    During the meeting of the IFRS Foundation Monitoring Board in Singapore last week, the Monitoring Board welcomed the progress of the IASB and the ISSB in their standard-setting activities. The Monitoring Board also noted the importance of rigorous due process in the development of high-quality IFRS Accounting Standards and IFRS Sustainability Disclosure Standards.

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  • Pre-meeting summaries for the June 2024 ISSB meeting

    10 Jun 2024

    The ISSB will meet in a hybrid format (virtual and in Frankfurt) on 12 June 2024. 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 staff and point out the main issues to be discussed by the ISSB and the staff recommendations.

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  • June 2024 IASB meeting agenda posted

    07 Jun 2024

    The IASB has posted the agenda for its next meeting, which will be held in its offices in London on 19–21 June 2024 and will include a joint session with the FASB via video conference on 21 June 2024. There are nine topics on the agenda.

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  • IASB calls for academic contributions to 2025 Research Forum

    06 Jun 2024

    The IASB has announced a call for paper for its 2025 IASB Research Forum, set to convene at the University of Paderborn in Germany on 6–7 November 2025. This event, held in conjunction with the academic journal 'Accounting Horizons', provides a significant platform for scholars to contribute to the disclourse on contemporary issues in accounting.

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  • IFRS Foundation Trustees Chair discusses milestones and future directions at Singapore stakeholder event

    04 Jun 2024

    Erkki Liikanen, Chair of the IFRS Foundation Trustees, addressed attendees at the IFRS Foundation Trustees' stakeholder dinner, highlighting the role Singapore has played in the development and implementation of international financial reporting standards. Chair Liikanen acknowledged the collaborative efforts of the Accounting and Corporate Regulatory Authority (ACRA) and the Institute of Singapore Chartered Accountants (ISCA) in hosting the event, which provided a platform to discuss the future of global financial and sustainability reporting.

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  • June 2024 ISSB meeting agenda posted

    03 Jun 2024

    The International Sustainability Standards Board (ISSB) has posted the agenda for its meeting, which will be held in a hybrid format (virtual and in Frankfurt) on 12 June 2024. The ISSB will be discussing the enhancement of the Sustainability Accounting Standards Board (SASB) standards.

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  • May 2024 IASB meeting notes posted

    30 May 2024

    The IASB met in London on 20 and 22 May 2024. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

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  • IVSC perspectives paper on tangible assets

    12 Jun 2024

    The International Valuation Standards Council (IVSC) has issued a new perspectives paper focusing on the inspection of tangible assets in the valuation process.

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  • IPSASB develops climate-related disclosure standard for the public sector

    12 Jun 2024

    The International Public Sector Accounting Standards Board (IPSASB), with support from the World Bank, is currently developing a climate-related disclosures standard for the public sector. This will be the first IPSASB Sustainability Reporting Standard (IPSASB SRS) and a draft for public comment is expected in Q4 2024.

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  • FASB votes to propose integrating IAS 20 requirements into US GAAP

    09 Jun 2024

    At its meeting on 4 June 2024, the Financial Accounting Standards Board (FASB) discussed its project on accounting for government grants and decided, essentially, to propose to insert the requirements of IAS 20 'Accounting for Government Grants and Disclosure of Government Assistance' into US generally accepted accounting principles (US GAAP).

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  • Meeting summary of the May 2024 MCCG meeting

    06 Jun 2024

    The IASB's Management Commentary Consultative Group (MCCG) met on 21 May 2024 via video conference. A summary of the discussions at the meeting is now available.

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  • IFRS on Point — May 2024

    published 07 Jun 2024

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

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  • Roadmap: Earnings per Share (2024)

    published 06 Jun 2024

    This Roadmap provides an overview of the accounting and disclosure guidance in ASC 260 as well as insights into how to apply the guidance in practice. The 2024 edition of this publication contains relatively minor updates.

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  • EFRAG endorsement status report 31 May 2024

    published 31 May 2024

    The endorsement status report has been updated to reflect that the IASB has issued 'Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)'.

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  • Roadmap: Environmental Obligations and Asset Retirement Obligations (2024)

    published 31 May 2024

    This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance on environmental obligations in ASC 410-30 and asset retirement obligations (AROs) in ASC 410-20. Because the accounting for such obligations will vary depending on the laws and regulations that govern them, this publication gives an overview of some of the applicable federal and state environmental laws and regulations in the United States and describes the application of the accounting guidance within the relevant legal framework.

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  • Roadmap: Current Expected Credit Losses (2024)

    published 29 May 2024

    This Roadmap provides Deloitte’s insights into and interpretations of the guidance in FASB Accounting Standards Update (ASU) No. 2016-13 (codified as ASC 326), Measurement of Credit Losses on Financial Instruments. The ASU adds to U.S. GAAP an impairment model known as the current expected credit loss model, which is based on expected losses rather than incurred losses.

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  • EFRAG endorsement status report 27 May 2024

    published 27 May 2024

    The endorsement status report has been updated to now also reflect that the IASB has issued IFRS 19 'Subsidiaries without Public Accountability: Disclosures'. However, a footnote indicates that EFRAG has yet to receive the request for endorsement advice from the European Commission.

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  • EFRAG endorsement status report 17 May 2024

    published 17 May 2024

    The endorsement status report has been updated to reflect that European Union has endorsed 'Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7)' issued by the IASB in May 2023.

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