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FRC publishes updated suite of factsheets on FRS 102
28 Nov, 2024
The Financial Reporting Council (FRC) has issued an updated suite of staff factsheets on aspects of FRS 102.
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Recording of the fifth 'Perspectives on sustainability disclosure' webinar
28 Nov, 2024
The IFRS Foundation has published a recording of its fifth 'Perspectives on sustainability disclosure' webinar. The webinar is titled 'The state of assurance for sustainability disclosures'.
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IASB issues podcast on latest Board developments (November 2024)
27 Nov, 2024
The IASB has released a podcast hosted by Executive Technical Director Nili Shah featuring IASB Chair Andreas and IASB Member Rika Suzuki discussing the deliberations held during the November 2024 IASB meeting and the IASB's most recent exposure draft.
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IFRS Foundation Trustees announces IFRS Interpretations Committee reappointments
26 Nov, 2024
The IFRS Foundation Trustees have announced the reappointment of Yanli Liu and Brian O’Donovan to the IFRS Interpretations Committee.
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November 2024 ISSB meeting notes posted
26 Nov, 2024
The ISSB met on 20-21 November 2024 in Beijing. We have posted our comprehensive Deloitte observer notes for the projects discussed during the meeting.
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ISSB publishes podcast on latest developments (November 2024)
26 Nov, 2024
The International Sustainability Standards Board (ISSB) has released a podcast hosted by ISSB Chair Emmanuel Faber and ISSB Vice-Chair Sue Lloyd discussing the latest developments around the ISSB.
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Updated IASB and ISSB work plan — Analysis (November 2024)
26 Nov, 2024
Following the IASB and ISSB meetings this month, 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 October 2024. Changes are few.
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EFRAG discussion paper on the statement of cash flows
26 Nov, 2024
EFRAG has published a discussion paper 'The Statement of Cash Flows – Objectives, Usages and Issues'.
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Pre-meeting summaries for the November 2024 IFRS Interpretations Committee meeting
25 Nov, 2024
The IFRS Interpretations Committee (Committee) meets on 26 November 2024. The IFRS IC will discuss the initial consideration of two agenda decisions, one comment letter analysis on a tentative agenda decision and give input into four IASB projects.
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November 2024 IASB meeting notes posted
25 Nov, 2024
The IASB met in London on 19-20 November 2024. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.
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UKEB publishes its final comment letter and feedback statement on the proposed amendments to IFRS 19
29 Nov, 2024
The UK Endorsement Board (UKEB) has published its final comment letter and feedback statement relating to the International Accounting Standards Board's (IASB's) Exposure Draft (ED) 2024/5 'Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures' ("the Amendments").
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UKEB seeks new Chair and Board members
28 Nov, 2024
The UK Endorsement Board (UKEB) is seeking a new Chair and is recruiting for three new Board members to complement the skillset of the Board.
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IPSASB finalises guidance on mineral resources
27 Nov, 2024
The International Public Sector Accounting Standards Board (IPSASB) has released International Public Sector Accounting Standard (IPSAS) 50 'Exploration for and Evaluation of Mineral Resources' as well as amendments to IPSAS 12 regarding 'Stripping Costs in the Production Phase of a Surface Mine'.
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PEG issues its second report monitoring the use of its updated Statement of Principles
27 Nov, 2024
The Pre-emption Group (PEG) has published its second report (“the report”) monitoring the use of its updated Statement of Principles on the disapplication of pre-emption rights for UK listed companies.
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Agenda for the December 2024 Islamic Finance Consultative Group meeting
26 Nov, 2024
An agenda has been released for the meeting of the Islamic Finance Consultative Group that will be held virtually on 3 December 2024.
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EFRAG final comment letter on the proposed hyperinflation amendments
25 Nov, 2024
EFRAG (formerly the European Financial Reporting Advisory Group) has issued its final comment letter on the International Accounting Standards Board’s (IASB's) exposure draft (ED) 2024/4 'Translation to a Hyperinflationary Presentation Currency - Proposed amendments to IAS 21'.
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Agenda for the December 2024 ITCG meeting
22 Nov, 2024
The IFRS Foundation has released an agenda and meeting papers for the meeting of the IFRS Taxonomy Consultative Group (ITCG), which will be held via video conference call on 3 December 2024.
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FRC publishes latest results of major local audit inspections
22 Nov, 2024
The Financial Reporting Council (FRC) has published its annual report on the quality of major local audits arising from its 2023/24 inspection cycle, which also sets out how it will continue to support the local audit system to recover from delays in the publication of audited accounts.
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EFRAG publishes October 2024 issue of EFRAG Update
20 Nov, 2024
EFRAG (formerly the European Financial Reporting Advisory Group) has published an ‘EFRAG Update’ summarising publications issued during October 2024.
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Report on the autumn 2024 IFASS meeting
20 Nov, 2024
A report has been issued summarising the discussions at the meeting of the International Forum of Accounting Standard Setters (IFASS) held in London and by remote participation on 24 and 25 September 2024.
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Need to know — IASB proposes targeted improvements to the accounting for provisions
published 29 Nov, 2024
This 'Need to know' outlines the proposed amendments to IAS 37 'Provisions, Contingent Liabilities and Contingent Assets' set out in Exposure Draft (ED) Provisions —Targeted Improvements, published by the International Accounting Standards Board (IASB) on 12 November 2024.
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Deloitte comment letter on IASB's proposed illustrative examples on climate-related and other uncertainties in the financial statements
published 28 Nov, 2024
Whilst we agree that providing illustrative examples accompanying IFRS Accounting Standards is useful and more effective than publishing educational material, we do not believe that this is sufficient to address the demands of investors for additional information in the financial statements.
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Need to know — Amendments to FRS 102 Section 23 Revenue from Contracts with Customers - Periodic review 2024
published 27 Nov, 2024
This 'Need to know' provides an overview of the amendments to Section 23 of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' issued in March 2024 as part of the Financial Reporting Council (FRC)’s periodic review of the UK financial reporting framework.
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Deloitte comment letter on IASB's proposal on subsidiaries without public accountability
published 26 Nov, 2024
Deloitte Touche Tohmatsu Limited is pleased to respond to the International Accounting Standards Board’s Exposure Draft Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures.
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Adoption of IFRS Sustainability Disclosure Standards by jurisdiction
published 21 Nov, 2024
‘Adoption of IFRS Sustainability Disclosure Standards by jurisdiction’ gives an overview in tabular format about jurisdictions that have adopted or are in the process of adopting the ISSB standards. This publication has last been updated on 21 November 2024.
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Deloitte comment letter on IASB's proposal on hyperinflationary presentation currency
published 20 Nov, 2024
Deloitte Touche Tohmatsu Limited is pleased to respond to the International Accounting Standards Board’s Exposure Draft Translation to a Hyperinflationary Presentation Currency (Proposed amendments to IAS 21).
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Report on the H2 2024 IFASS meeting
published 20 Nov, 2024
Report summarising the discussions at the meeting of the International Forum of Accounting Standard Setters (IFASS) held in London and by remote participation on 24 and 25 September 2024. As reported earlier, among the topics discussed at the meeting were intangibles.
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Deloitte comment letter on tentative agenda decision on guarantees issued on obligations of other entities
published 18 Nov, 2024
Deloitte Touche Tohmatsu Limited is pleased to respond to the IFRS Interpretations Committee’s publication in the September 2024 IFRIC Update of the tentative agenda decision not to take onto the Committee’s agenda the request about how an entity accounts for guarantees that it issues.
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Deloitte comment letter on tentative agenda decision on recognition of revenue from tuition fees
published 18 Nov, 2024
Deloitte Touche Tohmatsu Limited is pleased to respond to the IFRS Interpretations Committee’s publication in the September 2024 IFRIC Update of the tentative agenda decision not to take onto the Committee’s agenda the request about the period over which an educational institution recognises revenue from tuition fees.
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EFRAG endorsement status report 15 November 2024
published 15 Nov, 2024
The endorsement status report has been updated to reflect that EFRAG has published draft endorsement advice on IFRS 18 'Presentation and Disclosure in Financial Statements'.
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IFRS Interpretations Committee meeting — 26 November 2024
Start: 26 Nov, 2024 - End: 26 Nov, 2024
The IFRS Interpretations Committee will meet on 26 November 2024.
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ISSB Meeting — 20–21 November 2024
Start: 20 Nov, 2024 - End: 21 Nov, 2024
The ISSB met in Beijing on 20–21 November 2024.
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IASB Meeting — 19–20 November 2024
Start: 19 Nov, 2024 - End: 20 Nov, 2024
The IASB met in London on 19–20 November 2024.
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ISSB Meeting — 24 October 2024
Start: 24 Oct, 2024 - End: 24 Oct, 2024
The ISSB met via video conference on 24 October 2024.
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IASB Meeting — 21–23 October 2024
Start: 21 Oct, 2024 - End: 23 Oct, 2024
The IASB met in London on 21–23 October 2024.
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IASB | FASB Meeting — 11 October 2024
Start: 11 Oct, 2024 - End: 11 Oct, 2024
The IASB held an education meeting with the FASB on 11 October 2024.
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ISSB Meeting — 18 September 2024
Start: 18 Sep, 2024 - End: 18 Sep, 2024
The ISSB met in Frankfurt on 18 September 2024.
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IASB Meeting — 16–18 September 2024
Start: 16 Sep, 2024 - End: 18 Sep, 2024
The IASB met in London on 16–18 September 2024.
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IFRS Interpretations Committee meeting — 10 September 2024
Start: 10 Sep, 2024 - End: 10 Sep, 2024
The IFRS Interpretations Committee met on 10 September 2024.
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IASB Meeting — 28 August 2024
Start: 28 Aug, 2024 - End: 28 Aug, 2024
The IASB met virtually on 28 August 2024.