News and Publications

We comment on seven IFRS Interpretations Committee tentative agenda decisions

by /in /
We have published our comment letters on IFRS Interpretations Committee tentative agenda decisions related to IAS 1, IAS 7, IAS 41, IFRS 9, IFRS 15, and IFRS 16, as published in the June 2019 IFRIC Update.
Read more

AcSB panel discussion on IFRS 17 – recording and slides

by /in /
On 18 July 2019, the Canadian standard-setter Accounting Standards Board (AcSB) hosted a panel discussion on IFRS 17 and the proposed amendments to the standard. Among the panelists was IASB member Darrel Scott.
Read more

IASB posts webinar on IFRS 9 after IFRS Interpretations Committee discussion

by /in /
The IASB has posted to its website a webinar summarising the IFRS Interpretations Committee's recent discussions on how a company should present amounts in its statement of profit or loss if a credit-impaired financial asset is subsequently paid in full or no longer credit-impaired (cured).
Read more

EFRAG draft comment letter on proposed amendments to IFRS 17

by /0 Comments/in /
The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on the IASB exposure draft ED/2019/4 ‘Amendments to IFRS 17'.
Read more

IASB publishes proposed amendments to IAS 12

by /0 Comments/in /
The International Accounting Standards Board (IASB) has published an exposure draft 'Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Proposed amendments to IAS 12)' that aim at clarifying how companies account for deferred tax on leases and decommissioning obligations. Comments are requested by 14 November 2019.
Read more

ESMA issues statement on the application of IAS 12

by /0 Comments/in /
The European Securities and Markets Authority (ESMA) has issued a public statement to help promote consistent application of IAS 12, ‘Income Taxes’.
Read more

IASB posts webinar on proposed amendments to IFRS 17

by /0 Comments/in /
The IASB has posted to its website a webinar offering an overview over the exposure draft ED/2019/4 'Amendments to IFRS 17' published on 26 June 2019.
Read more

IASB publishes proposed amendments to IFRS 17

by /0 Comments/in /
The International Accounting Standards Board (IASB) has published an exposure draft 'Amendments to IFRS 17' to address concerns and implementation challenges that were identified after IFRS 17 'Insurance Contracts' was published in 2017. Comments are requested by 25 September 2019.
Read more

IASB issues podcast on IFRS 17 discussions at the May IASB meeting

by /0 Comments/in /
A podcast has been recorded by Darrel Scott, IASB member, and Andrea Pryde, technical staff, reporting on the discussion at the May 2019 meeting of the Board about IFRS 17 'Insurance Contracts'.
Read more

ISA 540 (Revised) Implementation Support: Flow Charts and Diagram

by /0 Comments/in /
The International Standard on Auditing 540 (Revised) Implementation Working Group has developed two flowcharts and a diagram to support the understanding, and effective implementation, of the standard. ISA 540 (Revised) Requirements, explains the flow of the requirements in ISA 540 (Revised); ISA 540 (Revised) – Three Testing Approaches, provides an overview of the requirements [paragraphs…
Read more