2016

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Agenda for the January 2016 IFRS Interpretations Committee meeting

04 Jan 2016

The IFRS Interpretations Committee will meet at the IASB's offices in London on 12 January 2016. The agenda for the meeting was published today.

The Interpretations Committee will continue its discussions on IFRIC 12 — Payments made by an operator to a grantor in a service concession arrangement. The Interpretations Committee is also expected to finalise six agenda decisions, all of which — except for issues around IFRS 5 — will only see very short discussions (15–20 minutes each).

The full agenda for the meeting can be found here. We will update this page for our pre-meeting summaries of the staff papers, any changes to the agenda, and our Deloitte observer notes from the meeting as they become available.

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We comment on the IASB agenda consultation

04 Jan 2016

We have responded to Request for Views document that the IASB published in August 2015 to launch its second public consultation to seek broad public input on the strategic direction and overall balance of its future work programme.

We support the emphasis the consultation places on completing the remaining major projects. We also note that the Board should allocate sufficient resources to the implementation of these standards, of the forthcoming IFRS 16 Leases, and of the recently published standards IFRS 9 and IFRS 15. We welcome the attention given to research projects.

However, we miss a sense of context how the Board sees its current standard-setting priorities in relation to a wider and more long-term view of financial and corporate reporting.

Please click to access the full comment letter.

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IFRS Foundation publishes additional framework-based teaching material

04 Jan 2016

The IFRS Foundation has published the fourth and fifth parts of its comprehensive, framework-based IFRS teaching material for its education initiative. The material is free to download and is designed to enhance educators’ teaching about IFRSs and to help students develop their abilities to make the necessary estimates and judgments when applying IFRSs and the IFRS for SMEs.

Part 4 of the material made available now focusses on accounting for business combinations and consolidated financial statements. Part 5 focusses on changing accounting policies and accounting estimates, correcting prior period errors and reflecting changes in circumstances.

Please click to access all batches of the teaching material on the IASB website.

Correction list for hyphenation

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