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  • IASB (International Accounting Standards Board) (blue) Image
    XBRL (eXtensible Business Reporting Language) (mid blue) Image

  • IASB publishes proposed IFRS Taxonomy update

    29 Oct 2020

    The IASB has published PTU/2020/4 'IFRS Taxonomy 2020 — 'General Improvements and Common Practice — Presentation of information in primary financial statements''.

  • IOSCO (International Organization of Securities Commissions) (dark gray) Image
    Leaf - sustainability (green) Image

  • Chair of the IOSCO Task Force on Sustainable Finance reconfirms that IOSCO stands ready to support global sustainability reporting standards

    29 Oct 2020

    As reported earlier, the CDP, Climate Disclosure Standards Board, Global Reporting Initiative, International Integrated Reporting Council and Sustainability Accounting Standards Board sent an open letter to Erik Thedéen, Chair of the Sustainable Finance Task Force of the International Organization of Securities Commissions, on the need to work together to meet the needs of the capital markets as regards global sustainability reporting standards. Mr Thedéen already acknowledged the letter and responded to it in a speech in September, however, he has now released an open response.

  • TCFD Image

  • New TCFD status report, additional guidance, public consultation

    29 Oct 2020

    The Task Force on Climate-related Financial Disclosures (TCFD) set up by the Financial Stability Board (FSB) to develop voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to lenders, insurers, investors and other stakeholders has published a third status report providing an overview of the extent to which companies in their 2019 reports included information aligned with the core TCFD recommendations published in June 2017.

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

  • EFRAG early-stage analysis of rate regulation proposals

    28 Oct 2020

    The European Financial Reporting Advisory Group (EFRAG) is inviting users to participate in an early-stage analysis of the likely impacts of possible changes to IFRS requirements as a result of the IASB project on the accounting for regulatory assets and regulatory liabilities. The IASB is expected to issue an exposure draft in early 2021.

  • ASBJ (Accounting Standards Board of Japan) Image
    FASB (US Financial Accounting Standards Board) (lt blue) Image

  • FASB and ASBJ hold biannual meeting

    28 Oct 2020

    On 26-27 October, the FASB and the Accounting Standards Board of Japan (ASBJ) held a joint virtual meeting. The meeting was the 28th in a series of biannual meetings between the two standard-setters.

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  • A Roadmap to Accounting for Contingencies and Loss Recoveries Image

  • A Roadmap to Accounting for Contingencies, Loss Recoveries, and Guarantees

    published 30 Oct 2020

    This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance in ASC 450 on loss contingencies, gain contingencies, and loss recoveries. In addition, the 2020 edition of this publication contains a new chapter on the accounting guidance in ASC 460 on guarantees.

  • e-learning (50) Image

  • Deloitte e-learning — IAS 16

    published 29 Oct 2020

    This Deloitte e-learning module provides training in the background, scope and principles under IAS 16 'Property, Plant and Equipment', and the application of this Standard. Topics covered include the initial measurement of assets, accounting for dismantling costs, depreciation, subsequent measurement of property, plant and equipment and the impact of impairment.

  • e-learning (50) Image

  • Deloitte e-learning — IAS 41

    published 29 Oct 2020

    This Deloitte e-learning module provides training in the background, scope and principles under IAS 41 'Agriculture', and the application of this Standard. Topics covered include the recognition and measurement requirements for biological assets, measuring biological assets at fair value, the treatment of gains and losses and accounting for related government grants.

  • EFRAG endorsement status report 23 October 2020 Image

  • EFRAG endorsement status report 23 October 2020

    published 23 Oct 2020

    The endorsement status report has been updated to reflect that EFRAG has issued endorsement advice on amendments of IFRS 1, IFRS 3, IFRS 9, IAS 16, IAS 37 and IAS 41. Final endorsement of the amendments is currently expected in the second half of 2021.

  • A Roadmap to SEC Reporting Considerations for Equity Method Investees (2020) Image

  • A Roadmap to SEC Reporting Considerations for Equity Method Investees (2020)

    published 21 Oct 2020

    This Roadmap combines the SEC’s guidance on reporting for equity method investments with Deloitte’s interpretations (Q&As) and examples in a comprehensive, reader-friendly format. The 2020 edition reflects the SEC’s May 2020 final rule that amends the financial statement requirements for acquisitions and dispositions of businesses, including real estate operations, and related pro forma financial information. The final rule modifies certain aspects of the significance tests in Regulation S-X, Rule 1-02(w), which registrants use to determine their requirements related to financial statements or financial information for equity method investments under Regulation S-X, Rules 3-09, 4-08(g), and 10-01(b)(1). The final rule must be applied for fiscal years beginning after December 31, 2020; however, early application is permitted. An appendix has been added to the Roadmap for registrants that will continue to apply the current requirements through 2020 (Appendix B).

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