October

IASB posts webcast on IFRS 16 lease term requirements

02 Oct 2017

As part of the IASB webcast series on IFRS 16 implementation, the IASB staff has made available a webcast related to IFRS 16 lease term requirements.

This webcast is hosted by IASB Board member Darrel Scott and address four implementation questions raised by stakeholders.

The webcast is available on the IFRS 16 im­ple­men­ta­tion page on the IASB’s website.

EFRAG draft comment letter on the proposed amendments to IAS 1 and IAS 8 regarding the definition of materiality

02 Oct 2017

The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on the IASB exposure draft ED/2017/6 'Definition of Material (Proposed amendments to IAS 1 and IAS 8)'.

EFRAG supports the IASB proposals as regards aligning the definition of 'material' in the Conceptual Framework and in the IFRSs and as regards replacing the threshold ‘could influence’ with ‘could reasonably be expected to influence’. However, EFRAG suggests defining 'material' information more directly as information that can reasonably be expected to influence the economic decisions that the primary users of financial statements make.

Comments on EFRAG's draft comment letter are requested by 5 January 2018. For more information, see the press release and the draft comment letter on the EFRAG website.

Research into the local implementation of the EU Directive on disclosure of non-financial and diversity information

02 Oct 2017

On 22 November 2017, Accountancy Europe, CSR Europe, and GRI will present and discuss their new research looking at the local implementation of the EU Directive on non-financial and diversity information reporting.

The research outlines the principal elements of the 28 Member States’ laws, and will provide insight on the direction non-financial reporting is headed in Europe. The 22 November event will address how the implementation of the Directive can positively contribute to the integration of sustainability factors into companies.

Please click for more information and registration on the Accountancy Europe website.

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