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    SASB (Sustainability Accounting Standards Board) (green) Image
  • IIRC and SASB intend to merge

    25 Nov 2020

    The International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) have announced their intention to merge into the Value Reporting Foundation, a unified organisation intended to provide investors and corporates with a comprehensive corporate reporting framework across the full range of enterprise value drivers and standards.

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  • We comment on the tentative agenda decision on sale and leaseback in a corporate wrapper

    24 Nov 2020

    We have commented on the IFRS Interpretations Committee's publication in the September 2020 'IFRIC Update' of the tentative decision not to take onto the Committee’s agenda the request for clarification on the applicability of the sale and leaseback requirements in IFRS 16 to a transaction in which an entity sells its equity interest in a subsidiary that holds one asset and leases that asset back.

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  • Summary of the October 2020 joint CMAC-GPF meeting

    24 Nov 2020

    Representatives from the International Accounting Standards Board (IASB) met with both the Capital Markets Advisory Council (CMAC) and Global Preparers Forum (GPF) by video conference on 8 October 2020. Notes and recordings from the joint meeting have now been released.

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  • November 2020 IASB meeting notes posted

    20 Nov 2020

    The IASB met via video conference on 18 November 2020 to discuss five topics and on 19 November it met with the FASB in an educational meeting. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

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  • A Roadmap to Accounting for Business Combinations (2020) Image
  • A Roadmap to Accounting for Business Combinations (2020)

    published 25 Nov 2020

    This Roadmap provides Deloitte’s insights into and interpretations of the guidance in ASC 805 on business combinations, pushdown accounting, common-control transactions, and asset acquisitions as well as an overview of related SEC reporting requirements. The Roadmap reflects guidance issued through November 25, 2020, and discusses several active FASB projects that may result in changes to current requirements.

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  • A Roadmap to the Issuers Accounting for Debt (November 2020)

    published 25 Nov 2020

    This Roadmap provides an overview of the FASB’s authoritative guidance on the issuer’s accounting for debt arrangements as well as Deloitte’s insights into and interpretations of how to apply that guidance in practice.

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  • Deloitte comment letter on the tentative agenda decision on sale and leaseback in a corporate wrapper

    published 24 Nov 2020

    We agree that the IFRS Interpretations Committee’s conclusions as laid out in the agenda decision reflect the requirements of IFRS 10 and IFRS 16 in relation to the specific fact pattern presented therein. However, we strongly suggest that in addition to this decision the Board takes on a broader project to address the treatment of the sale of corporate wrappers, in particular when, if ever, these should be accounted for as sales of assets rather than subsidiaries.

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  • A Roadmap to Accounting for Share-Based Payment Awards (November 2020)

    published 20 Nov 2020

    This Roadmap provides Deloitte’s insights into and interpretations of the guidance on share-based payment arrangements in ASC 718 (employee and nonemployee awards) and ASC 505-50 (nonemployee awards before the adoption of ASU 2018-07) as well as in other literature (e.g., ASC 260 and ASC 805).

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  • A Roadmap to Comparing IFRS Standards and U.S. GAAP: Bridging the Differences (November 2020)

    published 20 Nov 2020

    This publication explores some of the key differences between IFRS® Standards and U.S. GAAP effective as of January 1, 2021, for public business entities that have a calendar-year annual reporting period. Although this Roadmap does not capture all the differences that exist between the two sets of standards, it focuses on differences that are commonly found in practice.

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  • IFRSs and NL GAAP — Highlighting the key differences

    published 17 Nov 2020

    The thirteenth edition of 'IFRSs and NL GAAP — Highlighting the key differences' provides a summary of key differences between the requirements of IFRSs compared to NL GAAP. This publication does not attempt to capture all of the differences between IFRSs and NL GAAP that may exist or that may be material to a particular company’s financial report.

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  • A Roadmap to Accounting for Income Taxes (2020)

    published 13 Nov 2020

    This Roadmap provides Deloitte’s insights into and interpretations of the income tax accounting guidance in ASC 740. The 2020 edition reflects Accounting Standards Updates (ASUs) issued by the FASB through October 31, 2020, and includes new and clarified guidance as well as pending content from recently issued ASUs.

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