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The #1 website for global accounting news
  • IASB (International Accounting Standards Board) (blue) Image
  • IASB video on loan loss accounting and financial stability

    25 Apr 2017

    The IASB has released a video on loan loss accounting requirements, financial stability, and the relationship between IFRS 9 and bank regulators’ capital requirements. The topics are discussed by IASB Vice-Chair Sue Lloyd as well as IASB members Stephen Cooper and Darrel Scott.

  • IFRS Foundation (blue) Image
  • IFRS Foundation Annual Report 2016

    25 Apr 2017

    The IFRS Foundation (IFRSF) has published its Annual Report for 2016, titled 'Better Communication in Financial Reporting'.

  • ITCG (IFRS Taxonomy Consultative Group) (mid blue) Image
  • ITCG call for members

    20 Apr 2017

    The IASB's IFRS Taxonomy Consultative Group (ITCG) is seeking to fill two open positions.

  • IASB meeting (blue) Image
  • Pre-meeting summaries for the April IASB meeting

    19 Apr 2017

    The IASB will meet at its offices in London on 24 and 27 April 2017. We have posted our pre-meeting summaries for the meeting that allow you to follow the IASB’s decision making more closely. For each topic to be discussed we summarise the agenda papers made available by the IASB staff and point out the main issues to be discussed by the IASB and the staff recommendations.

  • IPSASB (International Public Sector Accounting Standards Board) (mid gray) Image
  • Four new IPSASB videos on adopting and implementing IPSASs

    18 Apr 2017

    The International Public Sector Accounting Standards Board (IPSASB) has issued four new videos as part of a series examining the challenges and benefits of governments adopting International Public Sector Accounting Standards (IPSASs) and accrual accounting.

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  • March Image
  • IFRS on point — March 2017

    published 10 Apr 2017

    IFRS on Point, published at the end of each month, highlights critical IFRS-related financial reporting developments.

  • EFRAG endorsement status report 6 April 2017 Image
  • EFRAG endorsement status report 6 April 2017

    published 06 Apr 2017

    This endorsement status report update reflects that EFRAG published final endorsement advice on IFRIC 22 'Foreign Currency Transactions and Advance Consideration', 'Transfers of Investment Property (Amendments to IAS 40)', and 'Annual Improvements to IFRS Standards 2014–2016 Cycle'.

  • Heads Up — Adopting the new revenue standard — Where do companies stand? Image
  • Heads Up — Adopting the new revenue standard — Where do companies stand?

    published 04 Apr 2017

    This Heads Up discusses certain considerations related to implementing the FASB’s new revenue standard, "Revenue From Contracts With Customers." The discussion compares the results of a 2016 Deloitte-sponsored survey to previously reported results from Deloitte’s 2015 survey, in which respondents were asked various questions pertaining to their readiness to adopt the standard’s provisions.

  • Financial Reporting Alert 17-5 — SEC reemphasizes its continued focus on the new revenue standard, including advancing ICFR Image
  • Financial Reporting Alert 17-5 — SEC reemphasizes its continued focus on the new revenue standard, including advancing ICFR

    published 04 Apr 2017

    In a speech at the 13th Annual Life Sciences Accounting & Reporting Congress on March 21, 2017, SEC Chief Accountant Wesley Bricker reminded registrants of the importance of implementing the FASB’s new revenue standard in a timely manner and of providing the transition disclosures required by SEC Staff Accounting Bulletin (SAB) Topic 11.M (SAB 74) before adoption. Mr. Bricker also stressed the key role of internal control over financial reporting (ICFR) in the standard’s successful implementation.

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