IAS Plus now more mobile friendly

06 Dec 2014

We are pleased to announce that IAS Plus has been redesigned to make navigation easier on mobile and tablet devices.

We've also updated our layout and imagery on all devices to make the site more intuitive. Read about how this impacts our news and explore the site’s new features, as well as the latest global accounting news and Deloitte publications.

We hope you enjoy the redesigned website. Contact us at iasplus@deloitte.com if you have any questions or comments.

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About news

05 Dec 2014

We maintain an extensive archive our all of our past news stories, which is an excellent source for refreshing your knowledge about past developments and research. This page provides answers to commonly asked questions about our news items.

Frequently asked questions answered on this page:


How can I find a particular news item?

There are several ways to find news items of interest:

  • Browse our archives, where you can select particular years and months and page through news articles in reverse chronological order
  • Visit our site sections to locate a topic of interest and see news articles that relate to that topic.  Each of our standards, resources, projects and jurisdictions pages contain links to news articles related to those topics
  • Search the site using the search bar in the top section of each page on the site.  In the search results, you can narrow the search to news items by clicking on the 'News' category which appears on the left (in the click out left menu on mobile devices).  Find out more about search.


What do the icons for news items mean?

We include one or two icons for all news articles we publish on IAS Plus.  These icons are designed to allow our readers to quickly identify articles of interest.

News icons are grouped in colours that represent the organisations or topics related to news items.  An overview of our colour scheme, with examples, is set out below:

Key IFRS Foundation and IASB groups

IFRS Foundation (blue)IASB (International Accounting Standards Board) (blue)IFRS IC (IFRS Interpretations Committee) (blue)

Other IFRS Foundation and IASB groups

ASAF (Accounting Standards Advisory Forum) (mid blue)Capital Markets Advisory CommitteeIFRS AC (IFRS Advisory Council) (mid blue)

Regional standard setter organisations

AOSSG (Asian-Oceanian Standard-Setters Group) (dk green)EFRAG (European Financial Reporting Advisory Group) (dk green)GLASS (Group of Latin-american Accounting Standard Setters) (dk green)

Other standard setters

FASB (US Financial Accounting Standards Board) (lt blue)MASB (Malaysian Accounting Standards Board) (lt blue)OIC (Italy Organismo Italiano di Contabilità) (lt blue)

Regulation and enforcement

IOSCO (International Organization of Securities Commissions) (dark gray)ESMA (European Securities and Markets Authority) (dark gray)SEC (US Securities and Exchange Commission) (dark gray)

International Federation of Accountants

IFAC (International Federation of Accountants) (lt gray)IPSASB (International Public Sector Accounting Standards Board) (mid gray)IAASB (International Auditing and Assurance Standards Board) (lt gray)

Sustainability and integrated reporting

GRI (Global Reporting Initiative) (green)IIRC (International Integrated Reporting Committee) (green)CDSB (Climate Disclosure Standards Board) (green)

Other organisations

Accountancy EuropeG20 (lt green)ICAS (Institute of Chartered Accountants of Scotland) (lt green)



What do the abbreviations and acronyms mean?

Readers new to IAS Plus and/or to standard-setting at a global level may struggle with acronyms and abbreviations used or may want to learn more about the mission, role, and activities of the organisations behind them. Therefore, IAS Plus provides a listing of acronyms and abbreviations used both on this site and more widely in financial reporting, with links to relevant resources and websites.



Acronyms and abbreviations

20 Aug 2013

A listing of acronyms and abbreviations used both on this site and more widely in financial reporting, with links to relevant resources and websites.

Abbreviation What it stands for More information
AASB Australian Accounting Standards Board Info and website
ACCA Association of Chartered Certified Accountants Info and website
AcSB Accounting Standards Board (Canada) Info and website
AICPA American Institute of Certified Public Accountants Info and website
AIP Annual improvement process Info
ANC Autorité des normes comptables (France) Info and website
AOSSG Asian-Oceanian Standard-Setters Group Info and website
APB Accounting Principles Board (Predecessor to FASB) FASB website
ARC Accounting Regulatory Committee (of the European Commission) Website
ARG Analyst Representative Group Renamed CMAC in 2011
ASAF Accounting Standards Advisory Forum Info
ASB Accounting Standards Board (United Kingdom) Succeeded by FRC
ASBJ Accounting Standards Board of Japan Info and website
ASCG Accounting Standards Committee of Germany Info and website
ASU Accounting Standards Update FASB pronouncements since release of the FASB Codification in July 2009
CAQ Center for Audit Quality Website
CDSB Climate Disclosure Standards Board Info and website
CESR Committee of European Securities Regulators Succeeded by ESMA in 2011
CMAC Capital Markets Advisory Committee (formerly Analyst Representative Group) Info
CPA Canada Chartered Professional Accountants Canada Website
DP Discussion Paper Info
DSOP Draft Statement of Principles Published by old IASC
DTTL Deloitte Touche Tohmatsu Limited Website
EBA European Banking Authority Info and website
EC European Commission Info and website
ED Exposure Draft Info
EEG Emerging Economies Group Info
EFRAG European Financial Reporting Advisory Group Info and website
EITF Emerging Issues Task Force (of FASB) Info and website
ESMA European Securities and Markets Authority (formerly Committee of European Securities Regulators, CESR) Info and website
FASB Financial Accounting Standards Board (United States) Info and website
FCAG Financial Crisis Advisory Group Info
FEE Fédération des Experts-comptables Européens (Federation of European Accountants)

Renamed Accountancy Europe in 2016

Info and website

FEI Financial Executives International Info and website
FinREC Financial Reporting Executive Committee (formerly Accounting Standards Executive Committee, AcSEC) Website
FRC Financial Reporting Council (United Kingdom) Info and website
FSB Financial Stability Board Info and website
G4+1 Group of Four Plus One (Accounting Standard Setters) No longer active
GAAP Generally Accepted Accounting Principles. In United Kingdom and several other countries, GAAP stands for Generally Accepted Accounting Practice
GASB Governmental Accounting Standards Board (United States) Website
GLASS Group of Latin American Accounting Standard Setters Info and website
GRI Global Reporting Initiative Info and website
GPF Global Preparers Forum Info
IAASB International Auditing and Assurance Standards Board Info and website
IAESB International Accounting Education Standards Board Info and website
IAS International Accounting Standard(s) Standards originally issued by IASC (summaries)
IASB International Accounting Standards Board Info and website
IASC International Accounting Standards Committee (predecessor to the International Accounting Standards Board) Info
IASCF International Accounting Standards Committee Foundation Renamed IFRSF in 2010
ICAEW Institute of Chartered Accountants in England and Wales Info and website
ICAS Institute of Chartered Accountants of Scotland Info and website
IESBA International Ethics Standards Board for Accountants Info and website
IFAC International Federation of Accountants Info and website
IFASS International Forum of Accounting Standard Setters (formerly National Standard Setters, NSS) Info
IFRIC International Financial Reporting Interpretations Committee Renamed IFRS Interpretations Committee in 2010
IFRS International Financial Reporting Standard(s), issued by the IASB Info and summaries
IFRSF International Financial Reporting Standards Foundation (formerly International Accounting Standards Committee Foundation) Info and website
IFRS IC International Financial Reporting Standards Interpretations Committee (formerly International Financial Reporting Interpretations Committee) Info
IIRC International Integrated Reporting Council Info and website
IOSCO International Organization of Securities Commissions Info and website
IPSAS International Public Sector Accounting Standards (issued by IPSASB)
IPSASB International Public Sector Accounting Standards Board (of IFAC) - formerly known as Public Sector Committee (PSC) Info and website
ISA International Standard on Auditing (issued by IAASB)
IPTF International Practices Task Force (of CAQ) Website
IVSC International Valuation Standards Council Info and website
JWG Joint Working Group on Financial Instruments Info
KASB Korea Accounting Standards Board Info and website
MASB Malaysian Accounting Standards Board Info and website
OECD Organisation for Economic Co-operation and Development Info and website
OIC Organismo Italiano Contabilità Info and website
PAAinE Pro-active Accounting in Europe Info
PAFA Pan-African Federation of Accountants Info and website
PCAOB Public Company Accounting Oversight Board (United States) Info and website
PIOB Public Interest Oversight Board (of IFAC) Info and website
PIR Post-implematation review Info
RFI Request for Information Info
SASB Sustainability Accounting Standards Board Info and website
SEC Securities and Exchange Commission (United States) Info and website
SME Small or medium-sized entity Info
SMEIG SME Implementation Group Info
XBRL eXtensible Business Reporting Language Info and website
WSS World standard setters Info

About our Twitter feeds

27 Jun 2013

The IAS Plus team brings you the latest global financial reporting news through various channels. We maintain five Twitter feeds which together provide instant updates on the latest financial reporting news to over 15,000 followers.

Our Twitter feeds are:

About search

15 Feb 2013

Our IAS Plus website is an extensive resource. This guide outlines how to get the most out of the site using our upgraded search functionality.



We substantially upgraded our search functionality, introducing a range of new features such as:

  • New search logic including automatic spelling correction and 'fuzzy' searches, e.g. a search for "leases" will also find articles containing "leasing"
  • Better indexing of our content, including deeper indexing of PDF and other file types, legacy items and other content
  • Better results, with initial searches are presented from across the site, which can then be refined and filtered as necessary
  • Language and character support for many more languages.


Below you will find answers to the following frequently asked questions:

How do I search for information?

The simplest way is to type the search term in the search box which is located at the top of the screen on all pages across the site:

Search box

The search box performs a free text search across the site.  Start your search by hitting the enter key or clicking on the search icon.

Tip: You can also use our tag functionality to find information on specific topics.

How are search results presented?

We've designed search to be intuitive and easy to use.  When you first conduct a search, matching results from across the site are presented in order of their relevance.

From this initial result screen, you can perform additional functions if the information you're looking forward isn't immediately shown (see also our general search tips below):

  • Refine your search terms but editing the text at the main search bar
  • Filter the search against particular categories of content on the site, e.g. to see IASB meeting discussions about "leases", search for leases and then click on "Meetings" in the left-hand side of the screen.

Tip: When a filter is applied, the ordering of the search results is adjusted to reflect the nature of the content, e.g. news, publications, dates and meeting note are presented in reverse date order (i.e. most recent first).

Tip: To start a new search of everything on the site after filtering previous results, type the term into the top right-hand search box rather than the filtering box.  Clicking on the search icon in this box also 'resets' any filtering applied.

Search results

What tips do you have for successful searching?

The following are some general tips about using search:

  • Keep initial search terms short and simple, and then add additional words if necessary, e.g. 'embedded derivatives' or 'consolidation'
  • Match results that contain an exact term by including it "in quotes", e.g. "embedded derivatives"
  • Exclude results that contain a particular word by preceding it with a minus sign (-) within the search terms, e.g. 'impairment -disclosure'
  • Find results that include synonyms by placing the ~ sign immediately in front of relevant words, e.g. '~acquisition accounting'
  • Use filtering and refinements to locate specific information, e.g. to find IASB or IFRS Interpretations Committee discussions about consolidation in 2010, try searching for "consolidation 2010" and then click on the 'Meetings' category.

Tip: If on clicking a search result in Internet Explorer you are given an message about trusted sites, you may have iasplus.com as a trusted site, and will need to add google.com to your trusted sites.  Further information on how to do this can be found on the Microsoft website.

    What if I have further questions?

    If you have further questions, comments or feedback about search, please email us at iasplus@deloitte.com.

    We hope you find the search functionality on the site useful and we look forward to further enhancing its functionality over time.

    About the September 2012 updates to the IAS Plus website

    29 Sep 2012

    In conjunction with the launch of our updated website earlier in 2012, we launched a user survey asking for feedback on our new and improved site. Our readers made some great suggestions on how we can make the site even better. We're pleased to announce that we have now implemented a number of enhancements in response to this user feedback.

    The key updates made are as follows:

    • Updated home page - the home page has been streamlined and updated to make it easier to find the key information you are looking for, and to introduce a new section highlight key IFRS specialists in the global Deloitte firm.  We can now filter to prioritise news and publications on the home page, but you will continue to find all of our information in the related news and publication sections of articles, and directly on pages for standards, resources, projects and jurisdictions (registered users will see any such items on their 'My IAS Plus' page)
    • Publication enhancements - publications on the site now contain the global publications directory on the left-hand panel, to both illustrate where in the directory the current publication is filed, and to allow ease of access to all other publication series
    • Making information easier to find - the search functionality of the site has been upgraded to accommodate more user friendly functionality, including more relevant search results when clicking on an 'all related' button on any page, cross-linking of content to allow the easy identification of related information, and the ability to further refine results using free-text searching within each tag within the site.  Find out more about search and tagging
    • Miscellaneous improvements - styling used throughout the site has been tweaked to enhance readability, and the website coding has been improved both to speed up access to the site and to present more useful information to site users when using the site and finding results in search engines.

    We appreciate all the user feedback and trust our readers find the new functionality useful.  We'll continue to enhance the user functionality of the site over the months ahead and welcome ongoing feedback - please send any comments to iasplus@deloitte.com.

    About tags

    28 Sep 2012

    Our tagging functionality is a powerful way find information about specific topics of interest across the site. This guide outlines how to get the most out of this functionality.

    Below you will find answers to the following:

    How do I use tags (keywords) on the site?

    The information on our site is categorised across a number of different categories, including standards, interpretations, projects, resources and other miscellaneous tags. Publications, meetings and dates are also further classified by their series or type, e.g. "IFRS in Focus" or "IASB meetings (2013)".

    For items such as news articles, publications, meeting notes and events and dates, any associated tags are displayed at the bottom of the article in a "Related topics" section:


    Related topics

    Clicking on any of these tags will bring up the home page for that topic, allowing you to read more information about the topic and find the latest related news, publications and so on relevant to that topic:

    Landing page example

    From most pages on the site, you can also click on the "All related" button to immediately be taken to a keyword search for any tags assigned to that page (or the page itself):

    All related

    How is information about tagged content presented?

    We've designed the tag results page to be intuitive to use. When you first click through an "all related" button on any page, you will be presented with a categorised summary of items from across the site have that tag:

    All related results

    The items in each category are presented as follows:

    CategoryContent typesOrder
    News News articles, whether or not they have appeared on the home page Reverse date order (i.e. most recent first)
    Publications Deloitte publications and other relevant files (e.g. press releases) Reverse date order (i.e most recent first)
    Meetings Deloitte observer notes from meetings and other meeting-related information (e.g. IFRS Interpretation Committee agenda decisions) Reverse date order (i.e. most recent first)
    Dates Date specific information, such as dates of meetings, comment letter deadlines and effective dates of pronouncements and amendments Reverse date order (i.e. most recent first)
    Resources Background information about topics such as the IASB and IFRS Foundation, numerous other global financial reporting organisations, regional and national standard setters, hot topics in financial reporting, Deloitte resources and historical information Alphabetical order
    Jurisdictions Information about financial reporting and related requirements in various countries and other jurisdictions of the world. Alphabetical order
    Projects Major and minor projects of the IASB, IFRS Interpretations Committee and other related organisations Alphabetical order
    Standards Pronouncements issued by the IASB, including International Financial Reporting Standards (IFRSs and IASs), Interpretations (IFRICs and SICs) and others (e.g. Conceptual Framework) Alphabetical order
    Files Miscellaneous files across the site (excludes publications) Alphabetical order
    Other Any other relevant hits across the site, e.g. Deloitte people Alphabetical order

    Can tagged content be filtered and refined?

    We recognise a comprehensive site such as IAS Plus contains a lot of information. In order to find exactly what you are looking for, the 'all related' content page easily allows for tagged content to be filtered to find information that is relevant to your needs.

    For instance, if you are looking for information about 'embedded derivatives' when researching IAS 39, you could use the filtering functionality to find related news, publications and other resources quickly:

    • Access the IAS 39 summary page
    • Click on any 'All related' button to be taken to the tagged content page for IAS 39 - this will show all items across the site that have been tagged as relating to IAS 39
    • Click on the "Show filter options" option at the top of the results (in the middle column) and enter "embedded derivatives" in the "Search text" field
    • Click on the 'Filter' button - only results containing "embedded derivatives" will be shown for each category, all others will be hidden.

    Tag filtering options

    The filtering options also allow for results to be filtered by specific tags - simply select the category you want to filter on, ctrl+click on the relevant tags and click the 'filter' button. Make sure that too many tags are not chosen, or you may reveal few or no matches in the refined results.

    Tip: Another way of finding specific content is to use a free text search.

    What other options are there?

    Other options within 'all related' tag page include:

    • Reverting to the referring page - the referring page (e.g. by clicking on an "All related" button) can be re-accessed by clicking either on the heading at the top of the middle column, or where available, by clicking on the tags showing in the right-hand column
    • Changing the number of items per page - anywhere from 10 to 100 items per page
    • Subscribing to a tailored RSS feed - 'all related' pages on the site contain a link at the bottom of the page to an RSS feed specific to that term or terms. You can subscribe to these feeds using your RSS reader and have your own personalised real-time feed of new content that has been tagged with those terms.

    Tip: Registered users can also add specific tags to their personalisation options in "My topics" and see a view of the site which only contains information relevant to those tags.

    What if I have further questions?

    We look forward to further enhancing our tagging functionality soon.

    In the meantime, if you have suggestions or questions about our tag functionality, please email us at iasplus@deloitte.com.

    About IFRS Interpretations Committee agenda decisions

    29 Feb 2012

    This page provides background to IFRS Interpretations Committee agenda decisions, and provides links to our collection of those agenda decisions for each standard and interpretation (where relevant).

    Click for:

    How the IFRS Interpretations Committee sets its agenda

    The IFRS Interpretation Committee's normal procedure for considering potential projects for the Committee's agenda is as follows:

    • Staff considers potential projects for the Committee's agenda and makes recommendations to the Committee
    • The Committee discusses the staff recommendation and, if it agrees, it publishes the proposed explanation in the IFRIC Update newsletter. The newsletter indicates that if constituents disagree, they should provide comment to the Interpretations Committee. The public has at 60 days (previously it was 30 days) to comment.
    • At a subsequent meeting, if the Committee decides not to add the item to its agenda, it agrees on the final wording for its explanation. The Interpretations Committee's final decision, and the explanation of why the item was not added to the agenda, are published in IFRIC Update.

    Authority of agenda decisions

    In announcing its decision not to add an item to its agenda, the Interpretations Committee states:

    The following explanation is published for information only and does not change existing IFRS requirements. Committee agenda decisions are not Interpretations. Interpretations are determined only after extensive deliberation and due process, including a formal vote. Interpretations become final only when approved by the IASB.

    Links to our summaries of past agenda decisions

    We maintain a history of agenda decisions for these standards:

    • IFRS 1 First-time Adoption of International Financial Reporting Standards
    • IFRS 2 Share-based Payment
    • IFRS 3 Business Combinations
    • IFRS 4 Insurance Contracts
    • IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
    • IFRS 6 Exploration for and Evaluation of Mineral Resources
    • IFRS 7 Financial Instruments: Disclosures
    • IFRS 8 Operating Segments
    • IFRS 9 Financial Instruments
    • IFRS 10 Consolidated Financial Statements
    • IFRS 11 Joint Arrangements
    • IFRS 12 Disclosure of Interests in Other Entities
    • IFRS 13 Fair Value Measurement
    • IAS 1 Presentation of Financial Statements
    • IAS 2 Inventories
    • IAS 7 Statement of Cash Flows
    • IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
    • IAS 10 Events After the Reporting Period
    • IAS 11 Construction Contracts
    • IAS 12 Income Taxes
    • IAS 14 Segment Reporting
    • IAS 16 Property, Plant and Equipment
    • IAS 17 Leases
    • IAS 18 Revenue
    • IAS 19 Employee Benefits
    • IAS 20 Accounting for Government Grants and Disclosure of Government Assistance
    • IAS 21 The Effects of Changes in Foreign Exchange Rates
    • IAS 23 Borrowing Costs
    • IAS 24 Related Party Disclosures
    • IAS 26 Accounting and Reporting by Retirement Benefit Plans
    • IAS 27 Separate Financial Statements
    • IAS 27 Consolidated and Separate Financial Statements
    • IAS 28 Investments in Associates and Joint Ventures (2011)
    • IAS 28 Investments in Associates
    • IAS 29 Financial Reporting in Hyperinflationary Economies
    • IAS 31 Interests in Joint Ventures
    • IAS 32 Financial Instruments: Presentation
    • IAS 33 Earnings Per Share
    • IAS 34 Interim Financial Reporting
    • IAS 36 Impairment of Assets
    • IAS 37 Provisions, Contingent Liabilities and Contingent Assets
    • IAS 38 Intangible Assets
    • IAS 39 Financial Instruments: Recognition and Measurement
    • IAS 40 Investment Property
    • IAS 41 Agriculture

    About our use of IFRS by jurisdiction information

    28 Feb 2012

    As a convenience for our readers, we maintain an extensive database of the use of International Financial Reporting Standards (IFRS) by jurisdiction. This page provides important information about the terms of use of that information.

    The information on this page applies to:


    Important information

    By using this website, you agree to abide by the below terms and conditions:

    This website and the information herein (the 'Website') are provided by Deloitte Touche Tohmatsu and contain general information only regarding the use of International Financial Reporting Standards (IFRS) by jurisdiction. This Website is not an exhaustive treatment of IFRS by jurisdiction, is not intended to be comprehensive and is provided for informational purposes only with the understanding that you will read and adhere to the conditions of access contained herein.

    None of Deloitte Touche Tohmatsu, its member firms, or its or their affiliates (together, the 'Deloitte Entities') is, by means of this Website, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This Website is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect, among other things, your finances, your business or your compliance obligations. Before making any decision or taking any action that may affect your finances, your business or your compliance obligations, you should consult a qualified professional adviser. The Deloitte Entities accept no responsibility for updating the contents or any other aspect of this Website.

    You may not rely upon this Website and any use of this Website is at your sole risk. No Deloitte Entity shall be responsible for any loss whatsoever sustained by any person or entity who uses or takes any action based upon this Website.

    About publications

    23 Feb 2012

    We proudly maintain an extensive library of global and member firm publications on IAS Plus. This page provides important information about our publications.

    We acknowledge that our readers include a vast array of companies, other organisations, employees, academics and students, and many others.  In many cases, access to prior editions and older publications are very useful for specific purposes such as research.

    Accordingly, it is important to remember the following points:

    • Earlier editions of publications may be superseded by more recent editions - please ensure you identify the edition or version that is suitable for your needs
    • Many publications archived on IAS Plus may be older and contain information which pertains to earlier versions of pronouncements, reflects earlier interpretations and circumstances, or is otherwise out-of-date - we are under no obligation to update these publications for any subsequent developments
    • In some cases we provide links to member firm sites or other sources rather than hosting them directly on IAS Plus.  In some cases, this may result in broken links due to changes in the linked website, the withdrawal of the referred document, or other reasons.  Please let us know if you find any such links and we'll investigate.

    Publications hosted on this site are produced by the various member firms of Deloitte.  We encourage you to contact the relevant Deloitte member firm that produced the publication to discuss your needs.

    Correction list for hyphenation

    These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.