This edition includes articles on the following topics:

• The new European Union audit legislation — The European Union (EU) Member states and the European Commission reached a preliminary agreement on future EU audit legislation. This article highlights the requirements under the legislation.
• Proactive monitoring of Annual Financial Statements by the JSE — The Johannesburg Stock Exchange (JSE) undertakes a process of reviewing Annual Financial Statements for compliance with International Financial Reporting Standards (IFRS) for the entities listed in the JSE. This article walks through the review process and highlights the results of the last review cycle carried out in 2013.
• The new hedge accounting chapter of IFRS 9 — The International Accounting Standards Board (IASB) recently released the hedge accounting chapter of IFRS 9. This article provides highlights of the new hedge accounting chapter and their potential impacts on hedge accounting market practices.
• The Roadmap into the IFRS Future — Deloitte recently released the second edition of 'The Roadmap to IFRS Future' publication (The Roadmap). This article provides highlights of the content in The Roadmap and also provides links to accessing The Roadmap.

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