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  • IASB meeting (blue) Image
  • Pre-meeting summaries for the October IASB meeting

    23 Oct 2020

    The IASB will meet via video conference on 27–29 October 2020 for its regular meeting. We have posted our pre-meeting summaries for the meetings that allow you to follow the IASB’s decision making more closely. For each topic to be discussed, we summarise 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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  • ISAR 37

    23 Oct 2020

    The thirty-seventh session of the United Nations Conference on Trade and Development (UNCTAD) Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) will be held in a hybrid format (allowing participation in Geneva in person as well as remotely) on 2 - 6 November 2020.

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  • IASB issues podcast on being an IASB Board member

    22 Oct 2020

    The IASB has issued a podcast which features a discussion between former Board member Darrel Scott and newly appointed member Bruce Mackenzie as they share their experiences as members of the IASB Board.

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  • IPSASB exposure draft on borrowing costs

    22 Oct 2020

    The International Public Sector Accounting Standards Board (IPSASB) has released an exposure draft of non-authoritative guidance on borrowing costs.

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    IASB (International Accounting Standards Board) (blue) Image
  • Seventh IASB research forum — papers available

    22 Oct 2020

    The International Accounting Standards Board (IASB) will host its seventh Research Forum on 2–3 November 2020 as a virtual conference. The papers to be presented and discussed are now available on the IASB website.

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  • IASB and EAA virtual academic research seminar on goodwill

    20 Oct 2020

    On 30 October 2020, the International Accounting Standards Board (IASB) and European Accounting Association (EAA) will hold a virtual research seminar for academics related to the IASB’s Discussion Paper 'Business Combinations — Disclosures, Goodwill and Impairment' and relevant academic literature.

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  • October 2020 IASB meeting agenda posted

    16 Oct 2020

    The IASB has posted the agenda for its next meeting, which will be held via video conference on 27–29 October 2020. There are nine topics on the agenda.

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image
  • EFRAG updates Board composition

    15 Oct 2020

    The EFRAG General Assembly has announced that Ricardo Sanchez and Sven Morich have been appointed to the Board. They have filled the vacancies that occurred when Karin Dohm and Andreas Barckow have stepped down. In addition, Hans Buysse has been appointed as EFRAG Board Vice-President.

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  • EFRAG endorsement status report 23 October 2020 Image
  • EFRAG endorsement status report 23 October 2020

    published 23 Oct 2020

    The endorsement status report has been updated to reflect that EFRAG has issued endorsement advice on amendments of IFRS 1, IFRS 3, IFRS 9, IAS 16, IAS 37 and IAS 41. Final endorsement of the amendments is currently expected in the second half of 2021.

  • A Roadmap to SEC Reporting Considerations for Equity Method Investees (2020) Image
  • A Roadmap to SEC Reporting Considerations for Equity Method Investees (2020)

    published 21 Oct 2020

    This Roadmap combines the SEC’s guidance on reporting for equity method investments with Deloitte’s interpretations (Q&As) and examples in a comprehensive, reader-friendly format. The 2020 edition reflects the SEC’s May 2020 final rule that amends the financial statement requirements for acquisitions and dispositions of businesses, including real estate operations, and related pro forma financial information. The final rule modifies certain aspects of the significance tests in Regulation S-X, Rule 1-02(w), which registrants use to determine their requirements related to financial statements or financial information for equity method investments under Regulation S-X, Rules 3-09, 4-08(g), and 10-01(b)(1). The final rule must be applied for fiscal years beginning after December 31, 2020; however, early application is permitted. An appendix has been added to the Roadmap for registrants that will continue to apply the current requirements through 2020 (Appendix B).

  • IFRS model financial statements 2020 Image
  • IFRS model financial statements 2020

    published 14 Oct 2020

    The model financial statements of International GAAP Holdings Limited for the year ended 31 December 2020 are intended to illustrate the presentation and disclosure requirements of IFRS Standards without the use of any actual numbers. They also contain additional disclosures that are considered to be best practice, particularly where such disclosures are included in illustrative examples provided within a specific Standard.

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  • EFRAG endorsement status report 12 October 2020

    published 12 Oct 2020

    The endorsement status report has been updated to reflect that the European Union has formally adopted 'Covid-19-Related Rent Concessions (Amendment to IFRS 16)' published by the IASB in May 2020.

  • Heads Up — SEC Issues final rule to update disclosures for banking registrants Image
  • Heads Up — SEC issues final rule to update disclosures for banking registrants

    published 08 Oct 2020

    This Heads Up discusses the SEC’s recently issued final rule “Update of Statistical Disclosures for Bank and Savings and Loan Registrants,” which updates and expands the statistical disclosure requirements for bank and savings and loan registrants. The newsletter provides a table that compares the existing disclosure requirements under Industry Guide 3, “Statistical Disclosure by Bank Holding Companies,” with the new disclosure requirements under the final rule.

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  • IFRS on Point — September 2020

    published 06 Oct 2020

    'IFRS on Point' highlights critical financial reporting developments. It provides a great way to catch up on the main IFRS-related news stories of the previous month.

  • Financial Reporting Alert 20-6 — Accounting and SEC reporting considerations for SPAC transactions Image
  • Financial Reporting Alert 20-6 — Accounting and SEC reporting considerations for SPAC transactions

    published 02 Oct 2020

    This Financial Reporting Alert discusses the accounting and SEC reporting considerations related to special-purpose acquisition company (SPAC) initial public offerings. After a SPAC merges with a private operating company (the “target”), the target’s financial statements become those of the combined public company. Therefore, a target will need to devote a considerable amount of time and resources to technical accounting and reporting matters.

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