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  • IASB publishes "Investor Perspectives" article on acquisitions reporting

    27 Mar 2024

    The IASB has issued the latest issue of 'Investor Perspectives'. In this edition, IASB Board member Zach Gast discusses proposed enhancements to acquisitions reporting and the revisions in Exposure Draft (ED) ‘Business Combinations — Disclosures, Goodwill and Impairment’ that aim to equip investors with better tools for evaluating companies’ acquisitions.

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  • March 2024 IASB meeting notes posted

    26 Mar 2024

    The IASB met in London on 18-21 March 2024. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

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    ISSB (International Sustainability Standards Board) (blue) Image
  • Updated IASB and ISSB work plan — Analysis (March 2024)

    26 Mar 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 February 2024. Changes are few, but the work plan reveals that three IASB publications are to be expected later this week.

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  • March 2024 ISSB meeting notes posted

    21 Mar 2024

    The ISSB met in Frankfurt on 13 March 2024. We have posted our comprehensive Deloitte observer notes for the project discussed during the meeting.

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  • ISSB publishes March 2024 podcast

    19 Mar 2024

    The ISSB has released a podcast hosted by ISSB Chair Emmanuel Faber and Vice-Chair Sue Lloyd discussing the latest developments from the ISSB.

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  • Pre-meeting summaries for the March 2024 IASB meeting

    15 Mar 2024

    The IASB will meet in London on 18-21 March 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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  • IASB proposes enhanced information on acquisitions

    14 Mar 2024

    The International Accounting Standards Board (IASB) has published an exposure draft IASB/ED/2024/1 'Business Combinations — Disclosures, Goodwill and Impairment (Proposed amendments to IFRS 3 and IAS 36)'. Comments are requested by 15 July 2024.

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  • Agenda for the March 2024 ASAF meeting

    12 Mar 2024

    The IFRS Foundation has released an agenda and meeting papers for the meeting of the Accounting Standards Advisory Forum (ASAF), which will be held in London on 25-26 March 2024.

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  • 2024 IFRS Accounting Taxonomy issued

    27 Mar 2024

    The IFRS Foundation has issued its 2024 IFRS Accounting Taxonomy. The IFRS Taxonomy enables electronic reporting of financial information prepared in accordance with IFRS Accounting Standards.

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  • ISSB Chair meets leaders in Africa

    26 Mar 2024

    The Chair of the International Sustainability Standards Board (ISSB), Emmanuel Faber, has met with the presidents of Kenya and Nigeria, as well as government ministers in South Africa. He was accompanied by ISSB member Ndidi Nnoli-Edozien.

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  • Education workshop on IFRS 18

    25 Mar 2024

    The International Accounting Standards Board (IASB) in conjunction with the European Accounting Association (EAA) will hold a virtual education workshop on IFRS 18 'Presentation and Disclosure in Financial Statements' on 22 April 2024.

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  • IFRS Foundation announces new ITCG members

    21 Mar 2024

    The IFRS Foundation has announced the appointments and reappointments of several members to the IFRS Taxonomy Consultative Group (ITCG). All appointments and reappointments take effect from 1 April 2024.

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  • Basel Committee urged to back ISSB standards

    19 Mar 2024

    UK Finance, representing over 300 firms from the banking and finance industry, has used its response to Basel Committee’s climate risk Pillar 3 proposals to urge the Committee to back the ISSB standards to drive global consistency and comparability across all sectors in all jurisdictions to support the transition to a decarbonised economy.

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  • GHG Protocol releases draft summaries of Scope 3 Standard feedback

    15 Mar 2024

    The Greenhouse Gas (GHG) Protocol secretariat has released a draft summary report providing a detailed overview of stakeholder feedback from a survey it conducted on its Scope 3 Standard. In addition, the secretariat has released a proposal summary giving an overview of proposal submissions related to the Scope 3 Standard.

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

    published 26 Mar 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.

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  • Life Sciences Industry Accounting Guide — March 2024

    published 22 Mar 2024

    The 2024 edition of this guide addresses topics of relevance to finance and accounting professionals in the life sciences industry, including acquisitions and divestitures, consolidation, contingencies and loss recoveries, financial instruments, income taxes, leases, research and development, and revenue recognition. In addition to providing interpretive guidance and illustrative examples, the guide discusses (1) recent standard-setting and rulemaking developments (through March 8, 2024); (2) SEC comment letter themes; (3) key differences between U.S. GAAP and IFRS® Accounting Standards; (4) accounting and reporting considerations related to the current macroeconomic and geopolitical environment; (5) environmental, social, and governance matters; and (6) the impact of the Inflation Reduction Act of 2022.

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  • Financial Reporting Spotlight — Disclosure Trends From the 2023 Reporting Season

    published 22 Mar 2024

    This Financial Reporting Spotlight provides insights into how Fortune 500 companies have addressed various disclosures in their annual reports as a result of the rapid transformation of the global business environment in recent years. It also examines certain new disclosure requirements that became effective this year.

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  • Heads Up — FASB Issues Guidance on Profits Interest Awards

    published 22 Mar 2024

    This Heads Up discusses FASB Accounting Standards Update (ASU) No. 2024-01, 'Scope Application of Profits Interest and Similar Awards'. The ASU clarifies how an entity determines whether a profits interest or similar award is (1) within the scope of ASC 718 or (2) not a share-based payment arrangement and therefore within the scope of other guidance. The guidance in ASU 2024-01 applies to all entities that issue profits interest or similar awards as compensation to employees or nonemployees in exchange for goods or services.

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

    published 15 Mar 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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  • IFRS on Point — February 2024

    published 06 Mar 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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