This edition includes articles on the following topics:

• What is Heading Your Way? With many International Financial Reporting Standards (IFRS) changes coming in the near future, this article provides an overview of when the new standards are effective and some of the potential issues in implementing the standards.
• Adoption of International Financial Reporting Standards by the United States of America.  The international community has been waiting and watching for a decision by the Securities Exchange Commission (SEC) on the adoption of International Financial Reporting Standards (IFRS) by the United States of America (US). This article explores the latest developments in the US around the adoption of IFRS.
• Update on the leases project. The International Accounting Standards Board (IASB) has been working on a project to revise the way in which leases are accounted for. This article provides an update on the latest developments in the leases project.
• Draft interpretation on put options over non-controlling interests. The IFRS Interpretations Committee (IFRIC) has released a draft interpretation on how to account for put options over non-controlling interests.
• Draft Interpretation on liabilities to participate in a specific market. A draft interpretation has also been released on how entities should account for liabilities incurred in order to participate in a specific market.
• Non-permanent workforce. Labour legislation in South Africa is changing with regards to how non-permanent employees should be treated. This article provides insight into the latest developments and potential impact on employers.
• New ISA 610 issued. The International Auditing and Assurance Standards Board (IAASB) has issued a new standard, which provides guidance on how the work of internal audit can be used during the external audit process.

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