Organisation for Economic Co-operation and Development (OECD)
- IASB publishes amendments to the IFRS for SMEs regarding the OECD pillar two model rules
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29 Sep 2023The International Accounting Standards Board (IASB) has published 'International Tax Reform — Pillar Two Model Rules (Amendments to the 'IFRS for SMEs' Standard)' to align the standard's requirements with similar amendments to IAS 12 'Income Taxes' issued in May 2023.
- IASB publishes proposed amendments to the IFRS for SMEs regarding the OECD pillar two model rules
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01 Jun 2023The International Accounting Standards Board (IASB) has published an exposure draft 'International Tax Reform — Pillar Two Model Rules (Proposed amendments to the 'IFRS for SMEs' Standard)' to align the standard's requirements with similar amendments to IAS 12 'Income Taxes' issued last month. Comments are requested by 17 July 2023.
- IASB publishes amendments to IAS 12 to provide a temporary exception to the requirements regarding deferred tax assets and liabilities related to pillar two income taxes
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23 May 2023The International Accounting Standards Board (IASB) has published 'International Tax Reform — Pillar Two Model Rules (Amendments to IAS 12)' to respond to stakeholders’ concerns about the potential implications of the imminent implementation of the OECD pillar two model rules on the accounting for income taxes.
- IASB publishes proposed amendments to IAS 12 to provide a temporary exception to the requirements regarding deferred tax assets and liabilities related to pillar two income taxes
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09 Jan 2023The International Accounting Standards Board (IASB) has published an exposure draft 'International Tax Reform — Pillar Two Model Rules (Proposed amendments to IAS 12)' to respond to stakeholders’ concerns about the potential implications of the imminent implementation of the OECD pillar two model rules on the accounting for income taxes. Comments are requested by 10 March 2023.
- Collections of COVID-19 resources
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08 May 2020Global responses to the coronavirus disease 2019 (COVID-19) outbreak continue to rapidly evolve. Numerous publications and announcements of developments have sprung up around the world. Since it has become more and more difficult to follow all of them, we have put together a meta-collection of collections that we found helpful and worth browsing.
- While direct IPSAS and IFRS adoption remains low, most OECD country governments have adopted accrual accounting
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27 Mar 2017A new study by the International Federation of Accountants (IFAC) and the Organisation for Economic Co-operation and Development (OECD) has found that nearly three-quarters of OECD countries have adopted accrual accounting for their year-end financial reports. In 2003, only a quarter of the governments used accrual accounting.
- Philippe Danjou remarks on long-term investment
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10 Jun 2014On 4 June 2014, at a roundtable event hosted by the OECD and the Ministry of Finance of Singapore, IASB member Philippe Danjou provided his views on the importance of long-term investing, the misconception of fair value, and the IASB’s goals for its accounting standards financial instruments and insurance contracts.
- Collected feedback on IPSASB governance consultation
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07 May 2014In January, the Review Group for the governance and oversight arrangements of the International Public Sector Accounting Standards Board (IPSASB) issued a public consultation paper on the future governance and oversight of the IPSASB and IPSASs.
- IFRS Foundation responds to the IPSASB governance review
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30 Apr 2014In a response to the Organisation for Economic Co-operation and Development’s public consultation paper “The Future Governance of the International Public Sector Accounting Standards Board (IPSASB),” the IFRS Foundation (IFRSF) agreed that there are challenges for the IPSASB in achieving the acceptance of national authorities and that the governance of the IPSASB should be strengthened to overcome those challenges.
- OECD discussion draft considers country-by-country reporting
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14 Feb 2014The Organisation for Economic Co-operation and Development (OECD) has released a discussion draft of revised guidance on transfer pricing documentation and country-by-country reporting. The discussion draft is part of the process in responding to the OECD 'Action Plan on Base Erosion and Profit Shifting' (BEPS), a tax transparency initiative which is aimed to be implemented by the end of 2015.