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  • IASB webcast Image
  • IASB posts webcast on IFRS 17

    22 Jan 2018

    The IASB has posted a webcast on the level of aggregation requirements in IFRS 17 'Insurance Contracts'.

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  • EFRAG reports on possible effects on long-term investments of IFRS 9 requirements

    18 Jan 2018

    In response to a European Commission request, the European Financial Reporting Advisory Group (EFRAG) is investigating the potential effects on long-term investments in equity instruments of the requirements of IFRS 9 'Financial Instruments'. EFRAG has now concluded the first phase of the project and has submitted a report to the European Commission.

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  • Pre-meeting summaries for the January IASB meeting

    15 Jan 2018

    The IASB will meet at its offices in London on 24–25 January 2018. 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.

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  • January 2018 IASB meeting agenda posted

    13 Jan 2018

    The IASB has posted the agenda for its next meeting, which will be held at its offices in London on 24 and 25 January 2018. There are six topics on the agenda with the longest slots reserved for primary financial statements and the post-implementation review of IFRS 13 'Fair Value Measurement'.

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  • IFRS in Focus — Accounting for the effects of the U.S. tax reform legislation under IFRS Image
  • IFRS in Focus — Accounting for the effects of the U.S. tax reform legislation under IFRS

    published 22 Jan 2018

    On 22 December 2017, the U.S. tax legislation commonly known as the Tax Cuts and Jobs Act was signed into law by the president. As a result, recognition of the tax effects of the Act is required in the interim and annual periods that include 22 December 2017. This newsletter looks at the accounting for the effects of the Act under IAS 12 'Income Taxes'.

  • EITF Snapshot — January 2018 Image
  • EITF Snapshot — January 2018

    published 19 Jan 2018

    This issue summarizes the topics discussed and conclusions reached at the January 18, 2018, meeting of the Emerging Issues Task Force.

  • EFRAG endorsement status report 17 January 2018 Image
  • EFRAG endorsement status report 17 January 2018

    published 18 Jan 2018

    This endorsement status report update reflects that endorsement of 'Annual Improvements to IFRS Standards 2014-2016 Cycle' is now expected in the first quarter of 2018.

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  • Deloitte comment letter on the IASB's proposed requirements regarding changes in accounting policies and estimates

    published 16 Jan 2018

    While we agree with the Board that there is insufficient guidance in IAS 8 for those that apply IFRS to distinguish between changes in accounting policies and changes in accounting estimates, our assessment is that the proposed changes will not provide the clarity that stakeholders need to distinguish between a change in estimate and a change in accounting policy to the extent expected. Furthermore, we note that the Board plans to publish additional proposals to amend IAS 8 in relation to changes in accounting that result from agenda decisions issued by the IFRS Interpretations Committee. Rather than develop piece-meal amendments we think the Board should step back and look at the issue more comprehensively.

  • IFRS fokussiert — Bilanz für das Jahr 2017 Image
  • IFRS fokussiert — Bilanz für das Jahr 2017

    published 15 Jan 2018

    This German-language newsletter provides an overview of the standards and interpretations that are mandatorily applicable for the first time in the financial statements for reporting periods ending on 31 December 2017. The publication also gives an overview over the standards and interpretations that are not mandatorily applicable yet but can be applied early.

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  • IFRS on Point — December 2017

    published 08 Jan 2018

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

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