News
IASB completes project on business combinations under common control by publishing project summary
The International Accounting Standards Board (IASB) has published a project summary regarding its project on business combinations under common controls (BCUCC).
European Parliament approves delay of certain ESRSs
The European Parliament has voted to postpone the adoption of sector-specific European Sustainability Reporting Standards (ESRSs) and ESRSs for third-country entities by two years, until 30 June 2026.
UKEB introduces research on intangibles at IFASS meeting
The International Forum of Accounting Standard Setters (IFASS) is currently holding its spring meeting in Seoul. During one presentation today, the UK Endorsement Board (UKEB) introduced two forthcoming research reports on accounting for intangibles.
IPSASB consults on amendments based on IFRIC Interpretations
The International Public Sector Accounting Standards Board (IPSASB) has released an exposure draft (ED) proposing amendments to consider IFRIC Interpretations for public comment. So far the IPSASB had not considerered interpretations issued by the IFRS Interpretations Committee for inclusion in the International Public Sector Accounting Standards (IPSAS).
Two webinars introducing IFRS 18
EFRAG has announced two webinars introducing IFRS 18 ‘Presentation and Disclosures in Financial Statements' - one with a general focus and one for financial institutions, insurance companies and conglomerates. The IASB will participate in both webinars.
Brazil consults on sustainability reporting standards based on IFRS S1 and IFRS S2
The Comitê Brasileiro de Pronunciamentos de Sustentabilidade (CBPS), which is the Brazilian sustainability reporting standard-setter, together with the Conselho Federal de Contabilidade (CFC), which is the Brazilian accounting institute, has published two exposure drafts for sustainability disclosure standards based on the standards of the International Sustainability Standards Board (ISSB). The comment period ends on 13 June 2024.
April 2024 ISSB meeting agenda posted
The International Sustainability Standards Board (ISSB) has posted the agenda for its meeting, which will be held in Frankfurt on 23 April 2024. The ISSB will be assessing projects to add to the work plan.
April 2024 IASB meeting agenda posted
The IASB has posted the agenda for its next meeting, which will be held in its offices in London on 22–25 April 2024. There are 10 topics on the agenda.
Digital reporting and the IFRS digital taxonomies
The IFRS Foundation has published an article 'Digital financial reporting — Facilitating digital comparability and analysis of financial reports' and has set up a new dedicated website.
ISSB launches podcast series on TIG meetings
The International Sustainability Standards Board (ISSB) has launched a new podcast series titled 'ISSB Implementation Insights'. The series shares insights from the meetings of the Transition Implementation Group on IFRS S1 and IFRS S2 (TIG).
IASB issues new standard on presentation and disclosures in financial statements
The International Accounting Standards Board (IASB) has published its new standard IFRS 18 ‘Presentation and Disclosures in Financial Statements' that will replace IAS 1 'Presentation of Financial Statements'. The new standard is the result of the so-called primary financial statements project, aims at improving how entities communicate in their financial statements and will be effective for annual periods beginning on or after 1 January 2027.
Central bank of Bangladesh publishes guideline on sustainability reporting
The central bank of Bangladesh (Bangladesh Bank) has published a 'Guideline on Sustainability and Climate-related Financial Disclosure for Banks and Financial Institutions'. The guideline implements the standards by the International Sustainability Standards Board (ISSB).
EC announces event on ESRS
The European Commission (EC) has announced a half-day event titled 'Supporting companies in applying the European Sustainability Reporting Standards (ESRS)' on 16 May 2024 in Brussels. Participants can either attend in person or virtually.
Updated AOSSG survey on the financial reporting practices of Islamic financial institutions
The Asian-Oceanian Standard-Setters Group (AOSSG) has released the results of a follow-up survey into the financial reporting standards that Islamic financial institutions (IFIs) are legally required to comply with in their jurisdiction and the extent of compliance. The research was previously carried out on 2014 and 2016 data and has now been updated for 2022 data.
Agenda for the April 2024 IFRS Advisory Council meeting
An agenda has been released for the meeting of the IFRS Advisory Council that will be held in London on 9-10 April 2024.
Research workshop on goodwill and acquisitions
The International Accounting Standards Board (IASB) in conjunction with the European Accounting Association (EAA) and the European Financial Reporting Advisory Group (EFRAG) will hold a virtual research workshop on the IASB’s exposure draft 'Business Combinations — Disclosures, Goodwill and Impairment' on 30 April 2024.
Summary of the March 2024 GPF meeting
Representatives from the International Accounting Standards Board (IASB) met with the Global Preparers Forum (GPF) in a hybrid meeting on 1 March 2024. A meeting summary from the meeting has now been released.
Agenda for the April 2024 IFASS meeting
The International Forum of Accounting Standard Setters (IFASS) will meet on 17-19 April 2024. The meeting will be held in Seoul.
IVSC survey on quantification of ESG components in valuations
The International Valuation Standards Council (IVSC) has published a survey to investigate the inclusion of environmental, social and governance (ESG) factors in valuations. The survey is open until 31 May 2024.
Summary of the March 2024 CMAC meeting
Representatives from the International Accounting Standards Board (IASB) met with the Capital Markets Advisory Council (CMAC) in a hybrid meeting on 8 March 2024. Notes from the meeting have now been released.