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

    06 Dec 2019

    The IASB will meet in London on 11–12 December 2019 to discuss nine topics. We have posted our pre-meeting summaries for the meeting 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.

  • CAQ (US Center for Audit Quality) (light green) Image
  • CAQ issues publication on company-prepared information

    04 Dec 2019

    The Center for Audit Quality (CAQ) of the American Institute of Certified Public Accountants (AICPA) has released a publication 'The Role of Auditors in Company-Prepared Information: Present and Future'.

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  • December 2019 IASB meeting agenda posted

    03 Dec 2019

    The IASB has posted the agenda for its next meeting, which will be held at its offices in London on 11–12 December 2019. There are nine topics on the agenda.

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  • ESMA opposes national or regional implementation guidance for IFRSs

    28 Nov 2019

    At the 'IFRS & Regulation: Searching for Common Ground' conference convened in Bussels today by the European Financial Reporting Advisory Group (EFRAG), Steven Maijoor, Chair of the European Securities and Markets Authority (ESMA), provided a keynote speech.

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  • IFRS Interpretations Committee holds November 2019 meeting

    28 Nov 2019

    The IFRS Interpretations Committee met in London on 26 November 2019 to discuss six issues, including three new interpretation requests. We have posted Deloitte observer notes for the technical issues discussed during this meeting. New Issues

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  • IASB issues podcast on latest Board developments (November 2019)

    28 Nov 2019

    The IASB has released a podcast, featuring IASB Chair Hans Hoogervorst and Board member Darrel Scott as well as communications team member Kasia Gilewska, to discuss the deliberations at the November 2019 IASB meeting and other developments.

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  • closing out 2019 Image
  • IFRS in Focus — Closing Out 2019

    published 06 Dec 2019

    This special edition sets out financial reporting issues that may be relevant for years ending on or after 31 December 2019 as a result of areas of regulatory focus, the current economic environment or changes in accounting standards.

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  • A Roadmap to Accounting for Current Expected Credit Losses

    published 05 Dec 2019

    This Roadmap combines the requirements in ASC 326 with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format. In addition, the publication highlights (1) the requirements of ASC 326 that significantly differ from those in existing U.S. GAAP and (2) standard-setting developments addressing questions raised and challenges identified by stakeholders over the past three years.

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  • Deloitte e-learning — IFRS 3

    published 05 Dec 2019

    This Deloitte e-learning module provides training in the background, scope and principles under IFRS 3 'Business Combinations', and the application of this Standard. Topics covered include the definition of a business combination, amounts included in consideration transferred, recognition and measurement principles, and accounting for goodwill.

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  • Deloitte e-learning — IAS 40

    published 05 Dec 2019

    This Deloitte e-learning module provides training in the background, scope and principles under IAS 40 'Investment Property', and the application of this Standard. Topics covered include the identification of investment property, measuring investment property at fair value, changes in classification, and accounting for investment property disposals.

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  • Deloitte e-learning — IFRS 16 (basic)

    published 03 Dec 2019

    This Deloitte e-learning module provides training in the background, scope and principles under IFRS 16 'Leases', and the application of this standard. In this e-learning module you will learn about how to identify whether a contract is within the scope of the standard and the key principles of lease accounting.

  • Heads Up — FASB improves guidance on credit losses Image
  • Heads Up — FASB improves guidance on credit losses

    published 02 Dec 2019

    This Heads Up discusses FASB Accounting Standards Update (ASU) No. 2019-11, "Codification Improvements to Topic 326, Financial Instruments — Credit Losses," which amends certain aspects of the Board’s new standard on credit losses (ASU 2016-13, "Measurement of Credit Losses on Financial Instruments").

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  • Singapore Illustrative Financial Statements 2019

    published 02 Dec 2019

    This publication provides a set of sample financial statements of a fictitious group of companies. GAAP Singapore Ltd is a company incorporated in Singapore and its shares are listed on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST").

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  • Deloitte comment letter on the IASB's proposed amendments to IAS 1 and the Materiality Practice Statement

    published 29 Nov 2019

    Whilst we agree that it is useful to replace “significant” by “material”, we are concerned that without further guidance, the assessment of whether an accounting policy is material may be driven primarily by quantitative considerations. This is why we suggest that additional guidance is added to IAS 1 to highlight that the assessment of materiality should be based on whether the transaction, other event or condition to which the accounting policy relates is material in size or nature or a combination of both.

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