March

IPSASB materials on IPSAS 32

08 Mar 2016

International Public Sector Standards Board (IPSASB) has released a podcast that summarises the accounting requirements for assets and liabilities under the grant of right to the operator model in IPSAS 32 'Service Concession Arrangements: Grantor'.

An accompanying staff questions and answers document is also available. Please click to access the podcast and the Q&A document on the IPSASB website.

Pre-meeting summaries for the March IASB meeting

07 Mar 2016

The International Accounting Standards Board (IASB) will meet at its offices in London on 15–16 March 2016. 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.

Check out the summaries for the forth­com­ing dis­cus­sions on conceptual framework, insurance and IFRS 9, definition of a business, goodwill and impairment, and 2015 Agenda Consultation. We have added them to our meeting note page and will sup­ple­ment them with our popular meeting notes after the meeting.

Various FEE roundtables announced

07 Mar 2016

The Federation of European Accountants (Fédération des Experts-comptables Européens, FEE) invites the public to attend several topical roundtables in April and May 2016.

On 6 April, FEE and the International Integrated Reporting Council (IIRC) will organise the event Corporate Reporting: Enhancing transparency and value. From the Non-Financial Information Directive to Integrated Reporting. More information and registration are available through the press release on the FEE website.

On 7 April, there is a public sector roundtable on Sovereign debt crisis: How can accounting be (part of) the solution? Please click for more information and registration on the FEE website.

On 16 May, FEE, jointly with the the Consultative Committee of Accountancy Bodies (CCAB) and the Chartered Financial Analyst (CFA) Institute, will hold the event Join us to debate the Future of Corporate Reporting. The press release on the FEE website offers more information and an address for registering for the event.

March 2016 IASB meeting agenda posted

04 Mar 2016

The IASB has posted the agenda for its next meeting, which will be held at its offices in London on 15–16 March 2016.

The meeting will feature dis­cus­sions on:

  • Conceptual framework — an overview of comments received on the IASB exposure draft ED/2015/03 Conceptual Framework for Financial Reporting.
  • Insurance and IFRS 9 — summaries of comments and feedback received on the ED, decision making on direction and plan of the project.
  • Definition of a business — wording of the proposed amendments.
  • Goodwill and impairment — determining how to improve information provided and whether there is a need to clarify existing requirements for customer relationships acquired in a business combination.
  • Agenda consultation — an analysis of the feedback received in relation to the request for views for the 2015 Agenda Consultation.

The full agenda for the meeting can be found here. We will post any updates to the agenda, as well as our Deloitte pre-meet­ing summaries and observer notes from the meeting, on this page as they become available.

IASB issues Education Initiative article

03 Mar 2016

The IASB has issued an article, “Supporting implementation through education,” by financial journalist Liz Fisher. The article provides an overview of the IFRS Foundation’s Education Initiative.

The Education Initiative was created by the IFRS Foundation in 2005 to support and promote consistent application of IFRS Standards throughout the world. The article discusses four areas of the initiative: (1) framework-based education, (2) supporting those using IFRSs, (3) supporting those using IFRS for SMEs, and (4) IFRS education for investors.

For more information, see the article on the IASB’s website.

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