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June 2024 IASB meeting agenda posted
07 Jun, 2024
The IASB has posted the agenda for its next meeting, which will be held in its offices in London on 19–21 June 2024 and will include a joint session with the FASB via video conference on 21 June 2024. There are nine topics on the agenda.
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IASB calls for academic contributions to 2025 Research Forum
06 Jun, 2024
The IASB has announced a call for paper for its 2025 IASB Research Forum, set to convene at the University of Paderborn in Germany on 6–7 November 2025. This event, held in conjunction with the academic journal 'Accounting Horizons', provides a significant platform for scholars to contribute to the disclourse on contemporary issues in accounting.
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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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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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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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Recording of the third IASB webinar on IFRS 18 implementation
10 Jun, 2024
On 6 June 2024, the IASB offered the third 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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FASB votes to propose integrating IAS 20 requirements into US GAAP
09 Jun, 2024
At its meeting on 4 June 2024, the Financial Accounting Standards Board (FASB) discussed its project on accounting for government grants and decided, essentially, to propose to insert the requirements of IAS 20 'Accounting for Government Grants and Disclosure of Government Assistance' into US generally accepted accounting principles (US GAAP).
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UKEB publishes its draft comment letter on the IASB's Exposure Draft on Contracts for Renewable Electricity
07 Jun, 2024
The UK Endorsement Board (UKEB) has published its draft comment letter relating to the International Accounting Standards Board's (IASB's) Exposure Draft (ED):Contracts for Renewable Electricity.
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EFRAG publishes May 2024 issue of EFRAG Update
07 Jun, 2024
EFRAG (formerly the European Financial Reporting Advisory Group) has published an ‘EFRAG Update’ summarising public technical discussions held and decisions made during May 2024.
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Meeting summary of the May 2024 MCCG meeting
06 Jun, 2024
The IASB's Management Commentary Consultative Group (MCCG) met on 21 May 2024 via video conference. A summary of the discussions at the meeting is now available.
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Recording of the first 'Perspectives on sustainability disclosure' webinar
06 Jun, 2024
The IFRS Foundation has published a recording of its first 'Perspectives on sustainability disclosure' webinar. The webinar was titled 'The business case for early adoption'.
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Updated IPSAS-IFRS alignment dashboard (June 2024)
05 Jun, 2024
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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CDP launches new disclosure platform
04 Jun, 2024
CDP has launched its new disclosure platform to streamline and remove barriers to high-quality reporting on climate and nature.
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Agenda for the June 2024 SSAF meeting
04 Jun, 2024
The IFRS Foundation has released an agenda and meeting papers for the meeting of the Sustainability Standards Advisory Forum (SSAF), which is to be held via remote participation on 11 June 2024.
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UKEB publishes its draft comment letter on the proposed amendments aimed at enhanced information on acquisitions
04 Jun, 2024
The UK Endorsement Board (UKEB) has published its draft comment letter on the International Accounting Standard Board's (IASB's) proposed amendments around business combinations, goodwill and impairment.
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Need to know - Amendments to IFRS 9 and IFRS 7
published 10 Jun, 2024
This Need to know outlines the International Accounting Standards Board’s (IASB’s) Amendments to the Classification and Measurement of Financial Instruments, which amend IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures published by the International Accounting Standards Board (IASB) on 30 May 2024. The amendments will be effective for annual reporting periods beginning on or after 1 January 2026.
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IFRS on Point — May 2024
published 07 Jun, 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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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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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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Corporate Reporting Insights — Diversity and Inclusion: Are companies achieving the targets in the new Listing Rule?
published 26 May, 2024
Society is demanding progress on many social issues and expects businesses to reflect this. Regulators are responding, setting out expectations for greater transparency. One of these key issues is diversity and inclusion, where the Financial Conduct Authority (FCA) recently introduced a requirement for listed companies to provide disclosures on board and executive management diversity. The disclosures were mandatory for the first time for December reporters for their 2023 annual reports. So, how are companies measuring up to society’s and the regulator’s expectations? Explore our new Corporate Reporting Insights (CRI) report on Diversity and Inclusion to find out.
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Need to know — IASB introduces reduced disclosure framework for subsidiaries
published 23 May, 2024
This 'Need to know' outlines IFRS 19 'Subsidiaries without Public Accountability: Disclosures' published by the International Accounting Standards Board (IASB) on 9 May 2024.
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Governance in focus — Risk, controls and assurance: a framework for the new material controls declaration
published 22 May, 2024
On 22 January 2024, the Financial Reporting Council (FRC) issued the much anticipated updated UK Corporate Governance Code (“the Code”) following a consultation last year as part of the ‘Restoring trust in audit and corporate governance’ reform package. With the ultimate aim of strengthening board accountability for the effectiveness of the risk and internal control framework, under the revised Provision 29, boards will be required to provide a declaration of effectiveness of the material controls as at the balance sheet date for accounting periods commencing on or after 1 January 2026.
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Need to know — Amendments to FRS 102 - Periodic review 2024
published 22 May, 2024
This 'Need to know' outlines the amendments to FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and to other UK financial reporting standards, published by the Financial Reporting Council (FRC) in March 2024 as part of its periodic review of the UK financial reporting framework.
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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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Need to know — IASB proposes amendments for contracts to buy or sell renewable electricity that have specified characteristics
published 15 May, 2024
This Need to know outlines the proposed amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures set out in exposure draft (ED) Contracts for Renewable Energy, published by the International Accounting Standards Board (IASB) on 8 May 2024.
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IASB Meeting — 19–21 June 2024
Start: 19 Jun, 2024 - End: 21 Jun, 2024
The IASB will meet in its offices in London on 19–21 June 2024 and will hold a joint meeting with the FASB via video conference on 21 June 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.