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June 2024 ISSB meeting agenda posted
03 Jun 2024
The International Sustainability Standards Board (ISSB) has posted the agenda for its meeting, which will be held in a hybrid format (virtual and in Frankfurt) on 12 June 2024. The ISSB will be discussing the enhancement of the Sustainability Accounting Standards Board (SASB) standards.
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June 2024 IFRS Interpretations Committee meeting agenda posted
31 May 2024
The IFRS Interpretations Committee has posted the agenda for its next meeting, which will be held on 11 June 2024.
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May 2024 IASB meeting notes posted
30 May 2024
The IASB met in London on 20 and 22 May 2024. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.
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IASB finalises amendments regarding the classification and measurement of financial instruments
30 May 2024
The International Accounting Standards Board (IASB) has issued 'Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)' to address matters identified during the post-implementation review of the classification and measurement requirements of IFRS 9 'Financial Instruments'. The amendments are effective for reporting periods beginning on or after 1 January 2026.
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IASB issues podcast on latest Board developments (May 2024)
29 May 2024
The IASB has released a podcast hosted by Executive Technical Director Nili Shah featuring IASB Vice-Chair Linda Mezon-Hutter and IASB Member Nick Anderson discussing the deliberations held during the May 2024 IASB meeting.
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Updated IASB and ISSB work plan — Analysis (May 2024)
28 May 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 April 2024. Several pronouncements and consultation documents have been published or will be published shortly.
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Major economies advance towards unified sustainability standards
28 May 2024
During the IOSCO annual meeting in Athens, the IFRS Foundation unveiled its inaugural Jurisdiction Guide to assist regulators in implementing the ISSB Standards. The guide aims to help jurisdictions navigate their adoption or alignment processes, ensuring consistent and comparable sustainability-related disclosures across markets.
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EFRAG and IASB educational sessions on IFRS 18
27 May 2024
EFRAG and the IASB are offering two educational sessions on IFRS 18 'Presentation and Disclosure in Financial Statements'. The interactive webinars will introduce the main requirements and focus on certain requirements set out in the standard. Beside gaining a better understanding of the new requirements, the aim is to identify the resulting practical challenges.
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ESMA publishes 29th enforcement decisions report
27 May 2024
The European Securities and Markets Authority (ESMA) has published further extracts from its confidential database of enforcement decisions taken by European national enforcers. This batch deals with decisions in relation to IAS 28, IAS 24, IAS 34/IAS36/IFRS13, IFRS 9, and IFRS 13.
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G7 Finance Ministers and Central Bank Governors call for global interoperability of sustainability reporting standards
27 May 2024
The Finance Ministers and Central Bank Governors of the G7 met in Stresa, Italy on 23-25 May 2024. In their final communiqué they note the role of sustainability reporting for the green transition.
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Agenda for June 2024 joint CMAC-GPF meeting
03 Jun 2024
Representatives from the International Accounting Standards Board (IASB) will meet with both the Capital Markets Advisory Council (CMAC) and Global Preparers Forum (GPF) in a hybrid conference on 13–14 June 2024. The agenda for the joint meeting has been released.
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Agenda for the June 2024 DPOC meeting
03 Jun 2024
The Due Process Oversight Committee (DPOC) will meet on 4 June 2024 via video conference.
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EFRAG finalises implementation guidance for ESRS
03 Jun 2024
EFRAG has published three non-authoritative implementation guidance documents on European Sustainability Reporting Standards (ESRS): EFRAG IG 1 ‘Materiality Assessment’, EFRAG IG 2 ‘Value Chain’ and EFRAG IG 3 ‘ESRS Datapoints’.
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Recording of the second IASB webinar on IFRS 18 implementation
02 Jun 2024
On 30 May 2024, the IASB offered the second 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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Agenda for the June 2024 TIG meeting
31 May 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 via video conference call on 13 June 2024.
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EFRAG publishes third set of technical explanations on ESRS
30 May 2024
EFRAG has published the third set of non-authoritative technical explanations to assist stakeholders in the implementation of the European Sustainability Reporting Standards (ESRS).
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China consults on Corporate Sustainability Disclosure Standard
30 May 2024
The Chinese Ministry of Finance (MoF) has published a consultation on 'Corporate Sustainability Disclosure Standard—Basic Standard'. The comment period ends on 24 June 2024.
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ACCA publishes sustainability reporting guide for SMEs based on ISSB standards
30 May 2024
The Association of Chartered Certified Accountants (ACCA) has published a document titled 'Sustainability Reporting—SME Guide'. The guide is intended to support small- and medium-sized entities (SMEs) to disclose sustainability-related information that regulators and stakeholders increasingly demand.
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IFR4NPO publishes third exposure draft
28 May 2024
International Financial Reporting for Non-Profit Organisations (IFR4NPO), an initiative to develop the first internationally applicable financial reporting guidance for non-profit organisations, has released 'International Non-Profit Accounting Guidance, Part 3'.
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IFRS Foundation Trustees seek new Advisory Council Chair and members
24 May 2024
The Trustees of the IFRS Foundation are seeking eight new members and a new Chair for the IFRS Advisory Council. The positions are for a three-year appointment beginning on 1 January 2025 for the new members and on 1 February 2025 for the new Chair.
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EFRAG endorsement status report 31 May 2024
published 31 May 2024
The endorsement status report has been updated to reflect that the IASB has issued 'Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)'.
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On the Radar — Environmental obligations and asset retirement obligations
published 31 May 2024
This publication briefly summarizes issues an entity should consider when accounting for (1) environmental obligations under ASC 410-30 and (2) asset retirement obligations under ASC 410-20.
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Roadmap: Environmental Obligations and Asset Retirement Obligations (2024)
published 31 May 2024
This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance on environmental obligations in ASC 410-30 and asset retirement obligations (AROs) 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.
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Roadmap: Current Expected Credit Losses (2024)
published 29 May 2024
This Roadmap provides Deloitte’s insights into and interpretations of the guidance in FASB Accounting Standards Update (ASU) No. 2016-13 (codified as ASC 326), Measurement of Credit Losses on Financial Instruments. The ASU adds to U.S. GAAP an impairment model known as the current expected credit loss model, which is based on expected losses rather than incurred losses.
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EFRAG endorsement status report 27 May 2024
published 27 May 2024
The endorsement status report has been updated to now also reflect that the IASB has issued IFRS 19 'Subsidiaries without Public Accountability: Disclosures'. However, a footnote indicates that EFRAG has yet to receive the request for endorsement advice from the European Commission.
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EFRAG endorsement status report 17 May 2024
published 17 May 2024
The endorsement status report has been updated to reflect that European Union has endorsed 'Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7)' issued by the IASB in May 2023.
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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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ISSB Meeting — 12 June 2024
Start: 12 Jun 2024 - End: 12 Jun 2024
The ISSB will meet in a hybrid format (virtual and in Frankfurt) on 12 June 2024.
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IFRS Interpretations Committee meeting — 11 June 2024
Start: 11 Jun 2024 - End: 11 Jun 2024
The IFRS Interpretations Committee will meet on 11 June 2024.
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IASB Meeting — 20 and 22 May 2024
Start: 20 May 2024 - End: 22 May 2024
The IASB met 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.