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IFRS Foundation proposes update to IFRS Taxonomy 2024
23 May 2024
The IFRS Foundation has issued a proposed IFRS Taxonomy Update, 'IFRS Accounting Taxonomy 2024 — Proposed Update 1 'IFRS 18 'Presentation and Disclosure in Financial Statements''.
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May 2024 ISSB meeting notes posted
22 May 2024
The ISSB met on 16 May 2024 in Montreal. We have posted our comprehensive Deloitte observer notes for the project discussed during the meeting.
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IFRS Foundation to launch webcast series on sustainability disclosures
21 May 2024
The IFRS Foundation has announced a new webcast series titled 'Perspectives on sustainability disclosure' with the first webinar to take place on 30 May 2024.
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ISSB issues podcast on latest developments (May 2024)
21 May 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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Pre-meeting summaries for the May 2024 IASB meeting
17 May 2024
The IASB will meet in London on 20 and 22 May 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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Pre-meeting summaries for the May 2024 ISSB meeting
14 May 2024
The ISSB will meet in Montreal on 16 May 2024. We have posted our pre-meeting summaries for the meeting that allow you to follow the ISSB’s decision making more closely. We summarised the agenda papers made available by the ISSB staff and point out the main issues to be discussed by the ISSB and the staff recommendations.
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IASB continues webcast series on proposed enhancements to disclosure requirements for business combinations
13 May 2024
The IASB has released the second webcast in its series aimed at discussing and seeking feedback on Exposure Draft ‘Business Combinations — Disclosures Goodwill and Impairment’. The webcast series focuses on improving the transparency and quality of information provided by companies regarding acquisitions, while also considering the feasibility of implementation from a cost perspective.
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May 2024 IASB meeting agenda posted
10 May 2024
The IASB has posted the agenda for its next meeting, which will be held in its offices in London on 20 and 22 May 2024. There are five topics on the agenda.
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IASB issues new standard providing a reduced disclosure framework for subsidiaries
09 May 2024
The International Accounting Standards Board (IASB) has published the new standard IFRS 19 'Subsidiaries without Public Accountability: Disclosures', which permits a subsidiary to provide reduced disclosures when applying IFRS Accounting Standards in its financial statements. IFRS 19 is optional for subsidiaries that are eligible and sets out the disclosure requirements for subsidiaries that elect to apply it. The new standard is effective for reporting periods beginning on or after 1 January 2027 with earlier application permitted.
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IASB proposes amendments to IFRS 9 and IFRS 7 regarding power purchase agreements
08 May 2024
The International Accounting Standards Board (IASB) has published an exposure draft IASB/ED/2024/3 'Contracts for Renewable Electricity (Proposed amendments to IFRS 9 and IFRS 7)'. Comments are requested by 7 August 2024.
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120 signatories call for commitment from jurisdictions to adopt the ISSB standards
22 May 2024
120 investors, companies, industry associations and stock exchanges have signed a call for commitment from relevant authorities across jurisdictions to adopt the ISSB standards. The endorsed statement was developed jointly by the London Stock Exchange Group (LSEG), the Principles for Responsible Investment (PRI), the United Nations Sustainable Stock Exchanges initiative (UN SSE) and the World Business Council for Sustainable Development (WBCSD).
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ISSB publishes webcasts on current and anticipated effects
22 May 2024
The International Sustainability Standards Board (ISSB) has published two webcasts on the disclosure requirements related to current and anticipated effects of sustainability-related risks and opportunities on an entity's financial position, financial performance and cash flows.
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IASB webcast on power purchase agreements
22 May 2024
The IASB has released a webcast on its exposure draft IASB/ED/2024/3 'Contracts for Renewable Electricity (Proposed amendments to IFRS 9 and IFRS 7)'.
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Recording of the first IASB webinar on IFRS 18 implementation
22 May 2024
On 16 May 2024, the IASB offered the first of a series of live webinars aimed at facilitating a comprehensive understanding of the recently issued IFRS 18 'Presentation and Disclosure in Financial Statements'.
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Summary of the April 2024 SCC meeting
21 May 2024
The Sustainability Consultative Committe (SCC) met via video conference call on 29 April 2024. A summary of the meeting is now available.
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Summary of the March 2024 DPOC meeting
20 May 2024
The Due Process Oversight Committee (DPOC) met via video conference call on 21 March 2024. A summary of the meeting is now available.
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SEC publishes statement on the application of IFRS 19
20 May 2024
The US Securities and Exchange Commission (SEC) has published a statement setting out that when financial statements that apply IFRS 19 'Subsidiaries without Public Accountability: Disclosures' are included in SEC filings, these likely need to be supplemented with additional disclosures.
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IFRS Foundation publishes updated guide on using the IR Framework with the ISSB standards
17 May 2024
The IFRS Foundation has updated its guide titled 'Transition to integrated reporting: A guide to getting started' to help entities implement IFRS S1 and IFRS S2.
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European Union formally adopts amendments to IAS 7 and IFRS 7
17 May 2024
The European Union has published a Commission Regulation endorsing 'Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7)' issued by the IASB in May 2023.
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GRI starts new publication series on the CSRD
16 May 2024
The Global Reporting Initiative (GRI) has set up a new publication series titled 'CSRD Essentials'. In the series, GRI explores the EU mandatory sustainability reporting requirements under the Corporate Sustainability Reporting Directive (CSRD).
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iGAAP in Focus — Financial reporting: IASB introduces reduced disclosure framework for subsidiaries
published 14 May 2024
This 'iGAAP in Focus' outlines IFRS 19 'Subsidiaries without Public Accountability: Disclosures' published by the International Accounting Standards Board (IASB) on 9 May 2024.
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On the Radar — Segment reporting
published 10 May 2024
This publication briefly summarizes issues an entity must consider when applying the accounting guidance in ASC 280.
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Roadmap: Segment Reporting (2024)
published 10 May 2024
This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance in ASC 280.
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iGAAP in Focus — Financial reporting: IASB proposes amendments for contracts to buy or sell renewable electricity that have specified characteristics
published 09 May 2024
This 'iGAAP in Focus' outlines the proposed amendments to IFRS 9 'Financial Instruments' and IFRS 7 'Financial Instruments: Disclosures' set out in exposure draft 'Contracts for Renewable Energy', published by the International Accounting Standards Board (IASB) on 8 May 2024.
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IFRS on Point — April 2024
published 07 May 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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New Era of Climate Disclosure for Hong Kong Listed Companies
published 02 May 2024
On 19 April 2024, the Hong Kong Stock Exchange released 'Consultation Conclusions on Enhancement of Climate-related Disclosures under the Environmental, Social and Governance Framework' laying out new requirements in respect of climate-related disclosures. This publication discusses the conclusions.
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Health Tech Industry Accounting Guide (April 2024)
published 30 Apr 2024
The fifth edition of this guide identifies and provides guidance on the most difficult technical accounting issues associated with the convergence of the technology and health care/life sciences industries. It also offers perspectives on recent health tech investment trends related to women’s health.
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Heads Up — FASB Issues ASU to Remove Concepts Statement References From Codification
published 24 Apr 2024
This Heads Up discusses FASB Accounting Standards Update No. 2024-02, 'Codification Improvements — Amendments to Remove References to the Concepts Statements (ASC)'.
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EFRAG endorsement status report 17 April 2024
published 17 Apr 2024
The endorsement status report has been updated to reflect that the IASB has published IFRS 18 ‘Presentation and Disclosures in Financial Statements’.
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Financial Reporting Alert 24-2, Financial Reporting and Accounting Considerations Related to the Current Commercial Real Estate and Banking Macroeconomic Environment
published 16 Apr 2024
This Financial Reporting Alert addresses accounting and financial reporting considerations related to the impact of the current macroeconomic environment on entities in the commercial real estate (CRE) and banking industries.
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IASB Meeting — 20 and 22 May 2024
Start: 20 May 2024 - End: 22 May 2024
The IASB will meet in its offices in London on 20 and 22 May 2024.
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ISSB Meeting — 16 May 2024
Start: 16 May 2024 - End: 16 May 2024
The ISSB met in Montreal on 16 May 2024.
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ISSB Meeting — 23 April 2024
Start: 23 Apr 2024 - End: 23 Apr 2024
The ISSB met in Frankfurt on 23 April 2024.
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IASB Meeting — 22–25 April 2024
Start: 22 Apr 2024 - End: 25 Apr 2024
The IASB met in its offices in London on 22–25 April 2024.
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IASB Meeting — 18–21 March 2024
Start: 18 Mar 2024 - End: 21 Mar 2024
The IASB met in its offices in London on 18–21 March 2024.
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ISSB Meeting — 13 March 2024
Start: 13 Mar 2024 - End: 13 Mar 2024
The ISSB met in Frankfurt on 13 March 2024.
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IFRS Interpretations Committee meeting — 5 March 2024
Start: 05 Mar 2024 - End: 05 Mar 2024
The IFRS Interpretations Committee met on 5 March 2024.
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ISSB Meeting — 21 February 2024
Start: 21 Feb 2024 - End: 21 Feb 2024
The ISSB met in New York City on 21 February 2024.
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IASB Meeting — 19–22 February 2024
Start: 19 Feb 2024 - End: 22 Feb 2024
The IASB met in its offices in London on 19–22 February 2024.
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ISSB Meeting — 25 January 2024
Start: 25 Jan 2024 - End: 25 Jan 2024
The ISSB held a joint meeting with the IASB in its offices in London on 25 January 2024.