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  • September 2022 ISSB meeting notes posted

    30 Sep 2022

    The ISSB met in Frankfurt on 20-23 September 2022. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

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  • September 2022 IASB meeting notes posted

    30 Sep 2022

    The IASB met in London on 20-22 September 2022. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

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  • Pre-meeting summaries for the September 2022 IASB-FASB joint education meeting

    26 Sep 2022

    The FASB and the IASB will hold a one-day joint education meeting on 30 September 2022. We have posted our pre-meeting summaries for the meeting that allow you to follow the IASB and FASB discussions 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 FASB.

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  • Updated IASB and ISSB work plan — Analysis (September 2022)

    26 Sep 2022

    Following the IASB's and ISSB's September 2022 meeting, we have analysed the work plan on the IFRS Foundation website to see what changes have resulted from the meetings and other developments since the work plan was last revised in July 2022. Changes are numerous, many of them clarifications of expected timing.

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  • New members appointed to GPF

    03 Oct 2022

    The IASB and the Global Preparers Forum (GPF) have appointed three new members. The new members are Lily Hu, Patrick Matos, and Feifei Wang and will serve an initial term of five years starting on 1 November 2022.

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  • Third IVSC perspectives paper on intangible assets

    29 Sep 2022

    The International Valuation Standards Council (IVSC) is publishing a series of perspectives papers 'Time to get Tangible about Intangible Assets' that notes that despite the importance of intangible assets to the capital markets, only a small percentage are recognised on balance sheets.

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  • Agenda for the October 2022 CMAC meeting

    23 Sep 2022

    Representatives from the International Accounting Standards Board (IASB) will meet with the Capital Markets Advisory Council (CMAC) by video conference on 6 October 2022. The agenda for the meeting has been released.

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  • European Union formally adopts amendments to IFRS 17

    09 Sep 2022

    The European Union has published a Commission Regulation endorsing 'Initial Application of IFRS 17 and IFRS 9 — Comparative Information (Amendment to IFRS 17)' issued by the IASB in December 2021.

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  • New and revised pronouncements as at 30 September 2022

    06 Sep 2022

    Our popular summary of new and revised financial reporting requirements, updated for financial reporting periods ending on 30 September 2022. This listing can be used to perform a quick check that new financial reporting requirements such as new and revised accounting 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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  • GPF seeks members

    05 Sep 2022

    The Global Preparers Forum (GPF) is seeking new members with an emphasis for candidates from emerging economies.

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  • Updated IPSAS-IFRS alignment dashboard

    29 Aug 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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  • We comment on a tentative IFRS Interpretations Committee agenda decision

    23 Aug 2022

    We have commented on the IFRS Interpretations Committee's publication in the July 2022 'IFRIC Update' of the tentative agenda decision not to take onto the Committee’s agenda the request for clarification on whether an entity considers currency exchange rate risks when applying IFRS 17 to identify portfolios of insurance contracts and how an entity applies IAS 21 in conjunction with IFRS 17 in measuring a group of insurance contracts that generate cash flows in more than one currency.

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  • IFRS model financial statements 2022

    published 03 Oct 2022

    The model financial statements of International GAAP Holdings Limited for the year ended 31 December 2022 are intended to illustrate the presentation and disclosure requirements of IFRS Accounting Standards without the use of any actual numbers. They also contain additional disclosures that are considered to be best practice, particularly where such disclosures are included in illustrative examples provided within a specific Standard.

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  • IFRS in your pocket 2022

    published 30 Sep 2022

    IFRS in your pocket is a comprehensive summary of the current IFRS Standards and Interpretations along with details of the projects on the standard-setting agenda of the IASB. The information included in this edition of IFRS in your pocket reflects developments until 30 September 2022.

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  • Heads Up — FASB issues ASU requiring enhanced disclosures about supplier finance programs

    published 30 Sep 2022

    This Heads Up discusses the FASB’s newly issued Accounting Standards Update (ASU) No. 2022-04, which requires the buyer in a supplier finance program to disclose information about the key terms of the program, outstanding confirmed amounts as of the end of the period, a rollforward of such amounts during each annual period, and a description of where in the financial statements outstanding amounts are presented.

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  • Roadmap: Environmental Obligations and Asset Retirement Obligations (2022)

    published 26 Sep 2022

    This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance on environmental obligations in ASC 410-30 and asset retirement obligations 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. The 2022 edition includes updates on regulatory developments.

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  • Roadmap: SEC Reporting Considerations for Equity Method Investees (2022)

    published 26 Sep 2022

    This Roadmap combines the SEC’s guidance on reporting for equity method investments with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format. The guidance in the 2022 edition has been completely reorganized and streamlined to enable readers to locate information more quickly and intuitively.

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  • EFRAG endorsement status report 22 September 2022

    published 22 Sep 2022

    The endorsement status report has been updated to reflect that the IASB has published amendments to IFRS 16 that clarify how a seller-lessee subsequently measures sale and leaseback transactions that satisfy the requirements in IFRS 15 to be accounted for as a sale.

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