In most cases the con­sul­ta­tion revealed a dif­fer­ence of opinion between on the one hand report preparers and on the other hand su­per­vi­sory and en­force­ment au­thor­i­ties and users of reported in­for­ma­tion. In general, preparers argued for fewer rec­om­mended dis­clo­sures, while non-gov­ern­men­tal or­gan­i­za­tions and su­per­vi­sory and en­force­ment au­thor­i­ties supported most of the proposals contained in the con­sul­ta­tion document and in some cases suggested that they be strength­ened in various ways. Investors and financial sector companies were generally sup­port­ive of the proposed dis­clo­sures as far as investee companies were concerned, but also argued that they them­selves would find it difficult to meet the ex­pec­ta­tions expressed in the con­sul­ta­tion document until dis­clo­sure by investee companies improved.

Please click to access the full report on the EC website.

The joint ini­tia­tive is designed to help busi­nesses and finance pro­fes­sion­als learn more about tackling climate change. Therefore, the new website offers video learning resources, setting out the impact that climate change is having on humanity and business equipping busi­nesses to implement change, manage risks and take advantage of the chal­lenges and op­por­tu­ni­ties created by climate change. A key feature of the program is learning about con­sid­er­a­tions for financial state­ments and how to translate climate change effects into tangible mea­sure­ments.

In addition, the new website offers in­ter­views with key drivers of climate action in business and links to ad­di­tional resources and guidance.

Please click to access and explore the new climate change website.

The terms of all three new members are ef­fec­tive im­me­di­ately.

For more in­for­ma­tion, see the press release on the FASB’s Web site.

For more in­for­ma­tion, see the final rule on the SEC’s Web site.

Re­view the alert on the FASB's web­site.

Topics discussed at the meeting, included:

• Rate-regulated Activities project;
• Application of IAS 29 Financial Reporting in Hyperinflationary Economies in Argentina;
• Business Combinations under Common Control;
• Goodwill and Impairment project;
• Extractive Activities;
• Comprehensive Review of the IFRS for SMEs® Standard;
• IFRS Interpretations Committee (Committee) on IAS 21 The Effects of Changes in Foreign Exchange Rates—Lack of exchangeability; and
• IASB Update.

The next meeting of the EEG will be held December 2019 in Xiamen City, China.

Re­view the full re­port on the Board's web­site.

Items covered include:

• Understanding the arrangement and identifying customer(s): How should a mining entity evaluate who its customer is?
• Shipping and refining obligations: How should obligations associated with shipping a commodity to a customer, or providing refining services, be treated?
• Transfer of control over commodities: How does a mining entity evaluate transfer of control for a commodity and the resulting revenue recognition?
• Provisional pricing: How should a mining entity address the unique pricing issues associated with provisionally priced contracts?

Read the publication on the CPA Canada web­site.

Read the ar­ti­cle on the CPA Canada web­site.

Read the publication on the CPA Canada web­site.

The issues included in this cycle to date are minor amendments to (i) IFRS 1, First-time Adoption of International Financial Reporting Standards; IFRS 9, Financial Instruments; (iii) IFRS 16 — Leases; and IAS 41, Agriculture

For fur­ther de­tails, re­fer to the Exposure Draft on the AcSB’s web­site.