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  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image
    ICAS (Institute of Chartered Accountants of Scotland) (lt green) Image
  • EFRAG and ICAS issue survey on discount rates as applied to pension accounting

    22 Feb 2019

    As part of a research project on discount rates in financial accounts, the European Financial Reporting Advisory Group (EFRAG) and Institute of Chartered Accountants of Scotland (ICAS) have issued a survey seeking views on discount rates as applied to pension liabilities for accounting purposes and alternative approaches.

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  • Accounting in the UK in case of a 'no deal' Brexit

    22 Feb 2019

    The UK Financial Reporting Council (FRC) and the UK Department for Business, Energy and Industrial Strategy (BEIS) have published letters for auditors and accountants to share information in case there is no deal for leaving the EU by Friday 29 March 2019.

  • IASB (International Accounting Standards Board) (blue) Image
  • IFRS Foundation seeks IASB Board members

    22 Feb 2019

    The IFRS Foundation Trustees are seeking to appoint three new Board members, one from the Americas, one from Africa, and one from the Asia-Oceania region.

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  • IFRS Foundation Trustees extend IASB board member’s term

    21 Feb 2019

    The Trustees of the IFRS Foundation have extended IASB Board member Martin Edelmann’s second term by one year. Mr Edelmann is currently serving his second term with the IASB, which originally was set to end in June 2020 and now will end on 30 June 2021.

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    IASB (International Accounting Standards Board) (blue) Image
  • IASB announces sixth research forum

    20 Feb 2019

    The International Accounting Standards Board (IASB) will host its sixth Research Forum on 28-29 October 2019 in Short Hills, New Jersey.

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  • IASB issues podcast on latest Board developments

    20 Feb 2019

    The IASB has released a podcast featuring Vice-Chair Sue Lloyd, Board member Darrel Scott, and education director Matt Tilling to discuss the deliberations at the February 2019 IASB meeting.

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  • IFRS in your pocket 2019 Image
  • IFRS in your pocket 2019

    published 18 Feb 2019

    The 2019 edition is a comprehensive summary of the current Standards and Interpretations along with details of the projects on the IASB work plan.

  • A Roadmap to Applying the New Leasing Standard (2019) Image
  • A Roadmap to Applying the New Leasing Standard (2019)

    published 14 Feb 2019

    This Roadmap combines the requirements in ASC 842 with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format. In addition, the Roadmap highlights (1) the requirements of ASC 842 that significantly differ from those in ASC 840 and IFRS 16 and (2) recent standard-setting developments (through the February 13, 2019, FASB meeting). We hope that this publication will enable entities to deal with some of the more challenging aspects of ASC 842.

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  • IFRS model financial statements 2018 — Appendix 2: Early adoption of IFRS 16 'Leases'

    published 12 Feb 2019

    This Appendix has been produced to complement the 'International GAAP Holdings Limited Model financial statements for the year ended 31 December 2018'. It focuses on the changes introduced by the requirements in IFRS 16 Leases which is effective for annual periods beginning on or after 1 January 2019 (earlier application is permitted if disclosed and if IFRS 15 Revenue from Contracts with Customers is also applied).

  • Heads Up — FASB proposes to ease transition to the credit losses standard Image
  • Heads Up — FASB proposes to ease transition to the credit losses standard

    published 11 Feb 2019

    This Heads Up discusses the FASB’s recently issued proposed Accounting Standards Update (ASU), "Targeted Transition Relief for Topic 326, Financial Instruments — Credit Losses." The proposed ASU would allow entities to irrevocably elect, upon adoption of ASU 2016-13, Measurement of Credit Losses on Financial Instruments, the fair value option for financial instruments that were previously recorded at amortized cost (except for held-to-maturity debt securities) and that are within the scope of FASB Accounting Standards Codification (ASC) Subtopic 326-20, "Financial Instruments — Credit Losses: Measured at Amortized Cost," provided that the instruments are eligible for the fair value option under ASC 825-10, "Financial Instruments: Overall."

  • IFRS on Point — January 2019 Image
  • IFRS on Point — January 2019

    published 11 Feb 2019

    'IFRS on Point', published at the beginning of each month, highlights critical IFRS-related financial reporting developments.

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  • EFRAG endorsement status report 11 February 2019

    published 11 Feb 2019

    The endorsement status report has been updated to reflect that the European Union has formally adopted 'Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28)'.

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