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  • Pre-meeting summaries for the September 2024 IASB meeting

    12 Sep 2024

    The IASB is meeting in London on 16-18 September 2024. 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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  • September 2024 ISSB meeting agenda posted

    06 Sep 2024

    The International Sustainability Standards Board (ISSB) has posted the agenda for its meeting, which will be held in its offices in Frankfurt on 18 September 2024. There are three topics on the agenda.

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  • September 2024 IASB meeting agenda posted

    06 Sep 2024

    The IASB has posted the agenda for its next meeting, which will be held in its offices in London on 16–18 September 2024. There are six topics on the agenda.

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  • Agenda for the September 2024 ASAF meeting

    03 Sep 2024

    The IFRS Foundation has released an agenda and meeting papers for the meeting of the Accounting Standards Advisory Forum (ASAF), which will be held in London on 26–27 September 2024.

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  • Annual ECON exchange of views with representatives of the IFRS Foundation

    02 Sep 2024

    The annual exchange of views between the Committee on Economic and Monetary Affairs (ECON) of the European Parliament and representatives of the IFRS Foundation took place this afternoon. Erkki Liikanen, Chairman of the IFRS Foundation Trustees, IASB Chairman Andreas Barckow and ISSB Chairman Emmanuel Faber stood ready to answer questions of the Parliamentarians.

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  • Sustainability reporting events at Climate Week NYC

    30 Aug 2024

    Climate Week NYC, which is hosted by the Climate Group, brings together over 600 events and activities across New York City, including events on sustainability reporting. It will be held from 22-29 September 2024.

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  • August 2024 IASB meeting notes posted

    29 Aug 2024

    The IASB held a supplementary meeting on 28 August 2024. We have posted our comprehensive Deloitte observer notes for the project discussed during the meeting.

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  • Agenda for the September 2024 TIG meeting

    06 Sep 2024

    The IFRS Foundation has released an agenda and meeting papers for the meeting of the Transition Implementation Group on IFRS S1 and IFRS S2 (TIG), which will be held in Frankfurt on 19 September 2024.

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  • New and revised pronouncements as at 30 September 2024

    05 Sep 2024

    Our popular summary of new and revised financial and sustainability reporting requirements, updated for financial reporting periods ending on 30 September 2024. This listing can be used to perform a quick check that new financial and sustainability reporting requirements such as new and revised accounting and sustainability disclosure standards and interpretations, and amendments to standards and interpretations, have been fully considered in the reporting close process. The information below can also be used to assist with the disclosure requirements under paragraph 30 of IAS 8 'Accounting Policies, Changes in Accounting Estimates and Errors', which requires entities to disclose any new IFRSs that are in issue but not yet effective and which are likely to impact the entity.

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  • EFRAG publishes XBRL Taxonomy for ESRSs set 1

    30 Aug 2024

    EFRAG has published the XBRL Taxonomy for set 1 of the European Sustainability Reporting Standards (ESRSs). This taxonomy enables the digital tagging of information disclosed applying the ESRSs.

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  • IVS to become freely available from 2025

    30 Aug 2024

    The International Valuation Standards Council (IVSC) has decided that the latest edition of the International Valuation Standards (IVS) will be freely accessible to the public in a digital format via the IVSC's website beginning January 2025.

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  • Upcoming World Standard-setters meeting

    29 Aug 2024

    The next World Standard-setters meeting will be held on 23–24 September 2024 in London. A programme for the meeting is available on the IASB website.

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  • Chile consults on ISSB standards

    28 Aug 2024

    The Chilean Financial Market Commission (CMF) has published a consultation on using IFRS S1 and IFRS S2 as reference standards for requiring sustainability-related information. The consultation closes on 27 September 2024.

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  • On the Radar — SEC reporting considerations for guarantees and collateralizations

    published 13 Sep 2024

    SEC registrants may issue a variety of securities to finance their operations. In certain cases, a registrant may offer credit enhancement arrangements under which (1) subsidiaries of the registrant guarantee the debt or debt-like securities or (2) the registrant pledges the securities of its affiliates as collateral. In addition, for various reasons, a subsidiary of the registrant (rather than the registrant) may issue debt or debt-like securities. While these structures or credit enhancement arrangements may be beneficial from a cost-of-capital perspective, registrants should consider the SEC reporting implications under SEC Regulation S-X, Rules 3-10, 3-16, 13-01, and 13-02, and related complexities.

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  • iGAAP in Focus — Closing Out (September 2024)

    published 11 Sep 2024

    In this 'iGAAP in Focus — Closing Out' (last updated in September 2024), we set out financial and sustainability reporting issues that may be relevant in view of the current economic and geopolitical environment and also highlight areas of regulatory focus and recent changes in accounting standards.

  • Heads Up — FASB Issues Final Standard on Improvements to Reportable Segment Disclosures Image

  • Heads Up — FASB Issues Final Standard on Improvements to Reportable Segment Disclosures

    published 10 Sep 2024

    This Heads Up, which discusses the FASB’s Accounting Standards Update (ASU) No. 2023-07, Improvements to Reportable Segment Disclosures, has been updated to reflect discussion from the 2023 AICPA & CIMA Conference on Current SEC and PCAOB Developments. Specifically, the SEC indicated that when a single reportable segment entity is managed on a consolidated basis, the entity would be expected to conclude that consolidated net income is the measure of segment profit or loss that is most consistent with U.S. GAAP. Further, the SEC encouraged registrants that choose to early adopt ASU 2023-07, and that include an additional measure or measures of segment profit or loss that are not determined in accordance with GAAP, to reach out to the SEC to discuss their plans.

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  • IFRS on Point — August 2024

    published 04 Sep 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: Consolidation — Identifying a Controlling Financial Interest (2024)

    published 28 Aug 2024

    The 2024 edition of Consolidation — Identifying a Controlling Financial Interest has been issued. 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 — Mind the Non-GAAP: SEC Staff Clarifies Considerations Related to Segment Disclosures Under ASU 2023-07

    published 28 Aug 2024

    This Heads Up provides insights, on the basis of recent discussions with the SEC staff, into the implementation of FASB Accounting Standards Update (ASU) No. 2023-07, Improvements to Reportable Segment Disclosures, including the use of non-GAAP measures. The ASU amends ASC 280 to improve and enhance the information that a public entity discloses about its reportable segments. The amendments in the ASU are effective for all public entities for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted.

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    • IASB Meeting — 19–21 June 2024

      Start: 19 Jun 2024 - End: 21 Jun 2024

      The IASB met in its offices in London on 19–21 June 2024 and held a joint meeting with the FASB via video conference on 21 June 2024.

    • ISSB Meeting — 12 June 2024

      Start: 12 Jun 2024 - End: 12 Jun 2024

      The ISSB met in a hybrid format (virtual and in Frankfurt) on 12 June 2024.

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