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  • November 2022 ISSB meeting notes posted

    25 Nov 2022

    The ISSB met in Frankfurt on 15-16 November. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

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  • OECD Pillar Two discussion to be continued today

    24 Nov 2022

    At the meeting on 22 November, the IASB asked the staff to explore alternatives to the staff recommendation to require an entity to disclose whether it is in the scope of the Pillar Two model rules and whether it operates in low-tax jurisdictions.

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  • EFRAG submits draft ESRS to EC

    23 Nov 2022

    The European Financial Reporting Advisory Group (EFRAG) has submitted its draft European Sustainability Reporting Standards (ESRS) to the European Commission (EC).

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  • Pre-meeting summaries for the November 2022 IASB meeting

    18 Nov 2022

    The IASB meets in London on 22–24 November 2022. 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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  • IASB issues November 2022 'Investor Update' newsletter

    17 Nov 2022

    The IASB has issued the latest edition of its newsletter 'Investor Update', which profiles recently introduced IFRS Standards and other changes that are in the pipeline as well as how those changes may affect companies and performance.

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  • Agenda for the December 2022 ITCG meeting

    25 Nov 2022

    The agenda is available for the next meeting of the IFRS Taxonomy Consultative Group (ITCG), which will be held by video conference call on 5 December 2022.

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  • Recording of EAA-EFRAG-IASB workshop on digital reporting

    23 Nov 2022

    The International Accounting Standards Board (IASB) in conjunction with the European Accounting Association (EAA) and European Financial Reporting Advisory Group (EFRAG) held a virtual workshop on 18 November 2022 on issues relating to digital financial reporting and digitalisation of financial reports.

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  • IFR4NPO publishes first exposure draft

    22 Nov 2022

    International Financial Reporting for Non-Profit Organisations (IFR4NPO), an initiative to develop the first internationally applicable financial reporting guidance for non-profit organisations, has released 'International Non-Profit Accounting Guidance, Exposure Draft 1'.

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  • Updated IPSAS-IFRS alignment dashboard

    21 Nov 2022

    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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  • Chairs of EFRAG FRB and EFRAG SRB announced

    16 Nov 2022

    The European Financial Reporting Advisory Group (EFRAG) has completed the move to its new structure by announcing the Chairs of the two new reporting Boards working side-by-side under the new Administrative Board.

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  • Summary of the October 2022 CMAC meeting

    09 Nov 2022

    Representatives from the International Accounting Standards Board (IASB) met with the Capital Markets Advisory Council (CMAC) by video conference on 6 October 2022. Notes from the meeting have now been released.

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  • Summary of the October 2022 CGRR meeting

    08 Nov 2022

    The Consultative Group of Rate Regulation (CGRR) held a virtual meeting on 4 October 2022. The meeting summary of the meeting has now been released.

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  • Roadmap: Consolidation — Identifying a Controlling Financial Interest (2022)

    published 16 Nov 2022

    This Roadmap breaks down the requirements in ASC 810 and reconstructs them in a logical narrative, making them easier to understand and apply. While the discussion focuses primarily on the complexities of identifying whether a legal entity is a variable interest entity (VIE) and whether a reporting entity should consolidate the VIE, it also addresses the voting interest entity model and provides a framework for its application.

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  • Heads Up — SEC Adopts Final Rule on “Clawback” Policies

    published 14 Nov 2022

    This Heads Up discusses the SEC’s recently issued final rule Listing Standards for Recovery of Erroneously Awarded Compensation. The objective of the final rule is to ensure that executive officers do not receive “excess compensation” if the financial results on which previous awards of compensation were based are subsequently restated because of material noncompliance with financial reporting requirements.

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  • Heads Up — FASB Proposes Improvements to Reportable Segment Disclosures

    published 11 Nov 2022

    This Heads Up discusses the FASB’s proposed Accounting Standards Update (ASU) "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures." The proposed ASU would enhance disclosures about significant segment expenses for all public entities required to report segment information in accordance with ASC 280. Comments on the proposed ASU are due by December 20, 2022.

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  • Roadmap: SEC Reporting Considerations for Business Acquisitions (November 2022)

    published 11 Nov 2022

    This Roadmap is intended to help domestic registrants navigate their SEC reporting obligations related to the acquisition or probable acquisition of a business. Updates to the Roadmap include a new appendix with examples of the pro forma financial information a registrant may be required to provide under Regulation S-X, Article 11, for a significant consummated acquisition. This Roadmap is intended to help domestic registrants navigate their SEC reporting obligations related to the acquisition or probable acquisition of a business. Updates to the Roadmap include a new appendix with examples of the pro forma financial information a registrant may be required to provide under Regulation S-X, Article 11, for a significant consummated acquisition.

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  • On the Radar — SEC reporting considerations for business acquisitions

    published 11 Nov 2022

    For many companies, M&A transactions are infrequent yet often substantial events with potentially significant consequences. Given their complexity, they can also present a number of accounting and financial reporting challenges and opportunities. SEC registrants planning an acquisition may wish to consider the key requirements discussed in this publication.

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  • EFRAG endorsement status report 10 November 2022

    published 10 Nov 2022

    The endorsement status report has been updated to reflect that EFRAG has published draft endorsement advice on 'Lease Liability in a Sale and Leaseback (Amendments to IFRS 16)'. The endorsement status report now also reflects the issuance of 'Non-current Liabilities with Covenants (Amendments to IAS 1)' in October 2022.

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  • Using sustainability reporting to drive behavioral change

    published 10 Nov 2022

    This publication maps out a potential way forward on using sustainability reporting to drive behavioral change – not just for the adoption of sustainability reporting and organizational transformation, but also to create a broader operating environment conducive to widespread behavior change.

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