The new interactive translations database is now searchable and results can be filtered by language, status (in progress, completed), body, and date of original publication in English. Translations into more than 50 languages are available. Please click to access the database on the IFAC website.

The ASBJ cites the following reasons:

• The ASBJ has found that some of the proposals in the ED require additional consideration.
• The ASBJ has requested its constituents to send their comments to the ASBJ one month beofre the IASB comment period ends. This is to be able to analyse constituents' comments more deeply but it also means that constituents have less time to react.
• The ASBJ intends to conduct outreach activities.
• The ASBJ wants to be able to contribute proactively to the framework project.

Please click to access to the letter sent to the IASB on the ASBJ website.

Last month, the European Financial Reporting Advisory Group (EFRAG) had also requested to extend the comment period related to the exposure draft.

The on-demand webcasts will provide detailed discussions of each part of the IASB's May 2015 Exposure Draft, ED/2015/3 Conceptual Framework for Financial Reporting.

The webcast on Chapters 4 and 5 — the elements of financial statements: definitions and recognition is available today. For information about the upcoming webcasts and a complete archive, see the webcast page on the IASB's website.

The questionnaire was carried out by EFRAG and the partner national standard-setters (ANC, ASCG, FRC and the OIC) from the end of November 2014 until the end of March 2015 and was intended to identify whether any issues identified by constituents in earlier field tests remained after the publication of the final IFRS 9 in July 2014.

• Participants were divided whether the issues identified regarding impairment were resolved; although more participants thought they were resolved than those who thought they were not resolved.
• On general hedge accounting some remaining issues were mentioned as unresolved by individual participants.
• Overall, IFRS 9 was recommended by some participants of the banking industry for endorsement, some even recommended early endorsement. No participant recommended not endorsing IFRS 9.

The press release and full feedback report are available on the EFRAG website.

In May 2015, the IASB issued exposure drafts ED/2015/3 Conceptual Framework for Financial Reporting and ED/2015/4 Updating References to the Conceptual Framework for public comment. The AASB has collected in one central location directions or links to recent articles, reports, discussions and submissions from organisations and individuals that AASB staff think may be useful to Australian (and international) constituents interested in the conceptual framework project. The publication offers:

• Recent AASB discussions and publications,
• tentative views of other standard-setters and constituents,
• recently published IASB articles, and
• previous AASB submissions on the Conceptual Framework.

Further content will be added over time.

Please click to access the Hot Topic publication on the AASB website.

The event will have a dual focus:

• on profit or loss and the role of other comprehensive income (OCI) and other elements of the proposed IASB Conceptual Framework; and
• on insurance industry accounting.

A detailed invitation and programme will be published in the first half of September. Please click for more information on the event on the EFRAG website.

Currently, each IPSAS includes a statement that it does not apply to commercially-oriented public sector entities. To address constituents’ concerns about the application of IPSASs to public sector entities, the IPSASB now proposes to:

• Revise the Preface to International Public Sector Accounting Standards to provide the characteristics of public sector entities for which IPSASs are intended;
• delete the definition of Government Business Enterprises (GBEs) in IPSAS 1 Presentation of Financial Statements; and
• Amend the scope section of each IPSAS and Recommended Practice Guideline (RPG) by removing the paragraph that states that these pronouncements do not apply to GBEs.

Please click to access the press release and the exposure draft on the IPSASB website. Comments are requested by 30 November 2015.

The IPSASB's proposals partly overlap with questions asked in the Request for Views published by the Trustees of the IFRS Foundation in July 2015. Among other topics, the Trustees are consulting on the relevance of IFRSs which also might include extending the IASB's remit beyond the current focus of the organisation, either in terms of the types of entity covered or the types of reporting.

The International Integrated Reporting Council (IIRC) has released a draft matrix of competencies that it sees as essential for anyone working within an integrated reporting environment. It is intended to provide clear guidance on the skills and experience needed to be an effective practitioner in integrated reporting and is aimed at helping organisations to achieve consistency in the level of skills required. The draft matrix of competencies is available on the IIRC website.

The Global Reporting Initiative (GRI) has established a new Knowledge Unit, which is intended to mobilise the knowledge gained during nearly 20 years of reporting practice, four versions of the Guidelines, over 25,000 reports registered on the Sustainability Disclosure Database, and tens of thousands of practitioners and experts actively engaged in reporting and transparency. More information is available in the press release on the GRI website.

The Global Sustainability Standards Board (GSSB) has issued its first interpretationon the meaning of 'in accordane' with the GRI Guidelines. The GSSB is mandated to use such authoritative pronouncements to refine and clarify disclosures and concepts in the standards and original GRI guidelines. lease click to access the press release announcing the new interpretation.

The World Federation of Exchanges (WFE) has issued the results of the its Sustainability Working Group report and survey on exchanges and ESG initiatives. Exchanges are playing an ever more significant role in promoting non-financial reporting The full report is available on the WFE website.

At the meeting, the IASB had tentatively decided to follow a staff recommendation to amend IFRS 4 Insurance Contracts to address the consequences of different effective dates of IFRS 9 Financial Instruments and the new insurance contracts standard expected to be published in 2016.

Please click to access the podcast on the IASB website.