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  • AI in standard setting

    18 Apr 2024

    At the meeting of the International Forum of Accounting Standard Setters (IFASS) currently being held in Seoul, the standard setters discussed whether and how artificial intelligence (AI) can be used in standard setting.

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  • UKEB introduces research on intangibles at IFASS meeting

    17 Apr 2024

    The International Forum of Accounting Standard Setters (IFASS) is currently holding its spring meeting in Seoul. During one presentation today, the UK Endorsement Board (UKEB) introduced two forthcoming research reports on accounting for intangibles.

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  • April 2024 ISSB meeting agenda posted

    12 Apr 2024

    The International Sustainability Standards Board (ISSB) has posted the agenda for its meeting, which will be held in Frankfurt on 23 April 2024. The ISSB will be assessing projects to add to the work plan.

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  • April 2024 IASB meeting agenda posted

    12 Apr 2024

    The IASB has posted the agenda for its next meeting, which will be held in its offices in London on 22–25 April 2024. There are 10 topics on the agenda.

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  • ISSB launches podcast series on TIG meetings

    10 Apr 2024

    The International Sustainability Standards Board (ISSB) has launched a new podcast series titled 'ISSB Implementation Insights'. The series shares insights from the meetings of the Transition Implementation Group on IFRS S1 and IFRS S2 (TIG).

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  • IASB issues new standard on presentation and disclosures in financial statements

    09 Apr 2024

    The International Accounting Standards Board (IASB) has published its new standard IFRS 18 ‘Presentation and Disclosures in Financial Statements' that will replace IAS 1 'Presentation of Financial Statements'. The new standard is the result of the so-called primary financial statements project, aims at improving how entities communicate in their financial statements and will be effective for annual periods beginning on or after 1 January 2027.

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  • Podcast on Q1 2024 IFRS IC developments

    03 Apr 2024

    The IFRS Foundation has published a podcast on the developments of the IFRS Interpretations Committee (IFRS IC) during the first quarter of 2024.

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  • IFRS Foundation Trustees seek ASAF members

    02 Apr 2024

    The IFRS Foundation is calling for applications from national standard-setters and regional bodies to become members of the Accounting Standards Advisory Forum (ASAF).

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  • New GPF member appointed

    18 Apr 2024

    The Global Preparers Forum (GPF) has appointed a new member, Emmanuelle Guyomard, to serve an initial five-year term.

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  • European Parliament approves delay of certain ESRSs

    17 Apr 2024

    The European Parliament has voted to postpone the adoption of sector-specific European Sustainability Reporting Standards (ESRSs) and ESRSs for third-country entities by two years, until 30 June 2026

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  • IPSASB consults on amendments based on IFRIC Interpretations

    17 Apr 2024

    The International Public Sector Accounting Standards Board (IPSASB) has released an exposure draft (ED) proposing amendments to consider IFRIC Interpretations for public comment. So far the IPSASB had not considerered interpretations issued by the IFRS Interpretations Committee for inclusion in the International Public Sector Accounting Standards (IPSAS).

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  • Two webinars introducing IFRS 18

    16 Apr 2024

    EFRAG has announced two webinars introducing IFRS 18 ‘Presentation and Disclosures in Financial Statements' - one with a general focus and one for financial institutions, insurance companies and conglomerates. The IASB will participate in both webinars.

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  • Brazil consults on sustainability reporting standards based on IFRS S1 and IFRS S2

    15 Apr 2024

    The Comitê Brasileiro de Pronunciamentos de Sustentabilidade (CBPS), together with the Conselho Federal de Contabilidade (CFC), has published two exposure drafts for sustainability disclosure standards based on the standards of the International Sustainability Standards Board (ISSB). The comment period ends on 13 June 2024.

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  • Digital reporting and the IFRS digital taxonomies

    11 Apr 2024

    The IFRS Foundation has published an article 'Digital financial reporting — Facilitating digital comparability and analysis of financial reports' and has set up a new dedicated website.

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  • EC announces event on ESRS

    08 Apr 2024

    The European Commission (EC) has announced a half-day event titled 'Supporting companies in applying the European Sustainability Reporting Standards (ESRS)' on 16 May 2024 in Brussels. Participants can either attend in person or virtually.

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    AOSSG document (dk green) Image

  • Updated AOSSG survey on the financial reporting practices of Islamic financial institutions

    08 Apr 2024

    The Asian-Oceanian Standard-Setters Group (AOSSG) has released the results of a follow-up survey into the financial reporting standards that Islamic financial institutions (IFIs) are legally required to comply with in their jurisdiction and the extent of compliance. The research was previously carried out on 2014 and 2016 data and has now been updated for 2022 data.

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  • Research workshop on goodwill and acquisitions

    05 Apr 2024

    The International Accounting Standards Board (IASB) in conjunction with the European Accounting Association (EAA) and the European Financial Reporting Advisory Group (EFRAG) will hold a virtual research workshop on the IASB’s exposure draft 'Business Combinations — Disclosures, Goodwill and Impairment' on 30 April 2024.

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  • Summary of the March 2024 GPF meeting

    05 Apr 2024

    Representatives from the International Accounting Standards Board (IASB) met with the Global Preparers Forum (GPF) in a hybrid meeting on 1 March 2024. A meeting summary from the meeting has now been released.

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  • Financial Reporting Alert 24-1, Frequently Asked Questions About “Pillar Two” (Updated)

    published 15 Apr 2024

    This Financial Reporting Alert provides responses to some frequently asked questions about how an entity should account for the tax effects of the global anti-base erosion model rules (“Pillar Two”) established by the Organisation for Economic Co-operation and Development (OECD). This Financial Reporting Alert has been updated to address additional questions about how an entity should account for the tax effects of the Pillar Two framework.

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  • Heads Up — Comprehensive Analysis of the SEC’s Landmark Climate Disclosure Rule

    published 08 Apr 2024

    This Heads Up examines the SEC’s March 6, 2024, final rule in detail. The final rule requires registrants to provide climate-related disclosures in their annual reports and registration statements, including those for initial public offerings, and is effective beginning with annual reports for the year ending December 31, 2025, for calendar-year-end large accelerated filers.

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  • Heads Up — Executive Summary of the SEC’s Landmark Climate Disclosure Rule

    published 08 Apr 2024

    This Heads Up briefly highlights key provisions of the SEC’s final rule on climate disclosures. The new rule requires registrants to provide comprehensive climate-related information in their annual reports and registration statements, including those for IPOs, beginning with annual reports for the year ending December 31, 2025, for calendar-year-end large accelerated filers. This Heads Up was updated on April 8, 2024, to address the SEC’s stay of the effective date of the final rule pending judicial review.

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  • Roadmap: Contingencies, Loss Recoveries, and Guarantees (2024)

    published 08 Apr 2024

    This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance in ASC 450 on loss contingencies, gain contingencies, and loss recoveries and addresses the accounting guidance in ASC 460 on guarantees. In addition to summarizing the accounting framework in ASC 450 and ASC 460 and providing an in-depth discussion of key concepts, this publication includes examples to illustrate how these concepts may be applied in practice.

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  • IFRS on Point — March 2024

    published 04 Apr 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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  • Roadmap: Transfers and Servicing of Financial Assets (2024)

    published 04 Apr 2024

    This Roadmap provides an overview of the FASB’s authoritative guidance, as well as our insights and interpretations, on (1) the transferor’s and transferee’s accounting for a transfer of financial assets or servicing rights and (2) the servicer’s accounting for a right or obligation to service financial assets.

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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.

    • IASB Meeting — 22–25 January 2024

      Start: 22 Jan 2024 - End: 25 Jan 2024

      The IASB met in its offices in London on 22–23 January 2024. On 25 January, the IASB held a joint meeting with the ISSB.

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