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  • IASB (International Accounting Standards Board) (blue) Image
  • Trustees reappoint four IASB members

    21 Feb 2017

    The IFRS Foundation trustees have announced the reappointment of Martin Edelmann, Gary Kabureck, Chungwoo Suh, and Mary Tokar to serve a second term as IASB board members beginning on 1 July 2017.

  • IASB meeting (blue) Image
  • Pre-meeting summaries for the February IASB meeting

    15 Feb 2017

    The International Accounting Standards Board (IASB) will meet at its offices in London on 22–23 February 2017. 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.

  • IFASS (International Forum of Accounting Standard Setters) (dark green) Image
  • Agenda for the upcoming IFASS meeting

    14 Feb 2017

    The International Forum of Accounting Standard Setters (IFASS) will meet in Taipei on 2 and 3 March 2017. Major topics on the agenda are implementing "big" standards, IFASS support for consistent application, and research the standard-setters should address.

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  • EFRAG endorsement status report 21 February 2017 Image
  • EFRAG endorsement status report 21 February 2017

    published 21 Feb 2017

    This endorsement status report update reflects that EFRAG published draft endorsement advice on 'Transfers of Investment Property (Amendments to IAS 40)'. Endorsement is currently expected in the third quarter of 2017.

  • EFRAG endorsement status report 17 February 2017 Image
  • EFRAG endorsement status report 17 February 2017

    published 17 Feb 2017

    This endorsement status report update reflects that EFRAG published draft endorsement advice on IFRIC Interpretation 22, "Foreign Currency Transactions and Advance Considerations." Endorsement is currently expected in the third quarter of 2017.

  • Thinking allowed — Climate-related disclosure Image
  • Thinking allowed — Climate-related disclosure

    published 15 Feb 2017

    This publication looks at some of the issues involved and how companies and audit committees might respond to the challenges, drawing on a report issued by the FSB Task Force on Climate-related Financial Disclosure, to integrate the implications of climate change in their corporate reporting effectively.

  • IFRS on point — January 2017 Image
  • IFRS on point — January 2017

    published 15 Feb 2017

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

  • EFRAG endorsement status report 14 February 2017  Image
  • EFRAG endorsement status report 14 February 2017

    published 14 Feb 2017

    This endorsement status report update reflects that EFRAG published draft endorsement advice on IFRS 16 'Leases'. Endorsement is currently expected in the fourth quarter of 2017.

  • EFRAG endorsement status report 6 February 2017 Image
  • EFRAG endorsement status report 6 February 2017

    published 06 Feb 2017

    This endorsement status report update reflects that EFRAG published draft endorsement advice on 'Annual Improvements to IFRS Standards 2014–2016 Cycle'. Endorsement is currently expected in the third quarter of 2017.

  • Accounting Roundup — January 2017 Image
  • Accounting Roundup — January 2017

    published 03 Feb 2017

    This issue features articles on the (1) FASB's issuance of (a) ASUs that clarify the definition of a business, amend the consolidation guidance for not-for-profit entities, simplify the goodwill impairment test, make technical corrections to the new revenue standard, and amend certain SEC guidance and (b) proposed ASUs that would simplify the balance sheet classification of debt and update the inventory disclosure requirements, (2) the release of FAQs on the FASB's credit losses standard by several banking agencies, and (3) public statements by the SEC's acting chairman, Michael Piwowar, regarding the Commission's 2014 guidance on its August 2012 final rule on conflict minerals.

  • Heads Up — FASB eliminates step 2 from the goodwill impairment test Image
  • Heads Up — FASB eliminates step 2 from the goodwill impairment test

    published 01 Feb 2017

    This Heads Up discusses FASB Accounting Standards Update No. 2017-04, "Simplifying the Test for Goodwill Impairment," which eliminates step 2 from the goodwill impairment test. Instead, if “the carrying amount of a reporting unit exceeds its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit.”

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