News and Publications

DPOC to discuss comment period for IFRS 17 amendments

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In a conference call on 23 April 2019, the Due Process Oversight Committee (DPOC) will discuss the comment letter period for proposed targeted amendmentsto IFRS 17 'Insurance Contracts'. The staff is seeking the approval of the DPOC for a shortened comment period of 90 days for the forthcoming exposure draft.
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We comment on the IASB’s proposed amendments to IAS 37

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We have responded to the IASB's exposure draft ED/2018/2 'Cost of Fulfilling a Contract (Proposed amendments to IAS 37)' that was published in December 2018.
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IASB podcast on recent IFRS 17 discussions

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The IASB has released a podcast reporting on the discussions at two recent meetings on IFRS 17 'Insurance Contracts'.
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IASB concludes discussion of possible amendments to IFRS 17, gives permission to develop an ED

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At its meeting currently held in London, the IASB discussed as a whole the amendments to IFRS 17 that the Board has tentatively decided to propose and confirmed that it wishes to proceed with an exposure draft to amend IFRS 17.
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IASB updates IFASS on IFRS 17, IASB meeting papers available

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At the meeting of the International Forum of Accounting Standard Setters (IFASS) currently held in Buenos Aires, IASB Board member Darrel Scott updated the IFASS members on the status of the project regarding potential amendments to IFRS 17 'Insurance Contracts'. In addition, the IASB has made available the papers for discussing the project at the…
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IAASB Quality Management Standards and Small- and Medium-sized Practices

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The IAASB recently released a suite of proposed international standards on quality management. The proposals change the way professional accountancy firms are expected to manage quality—for audits, reviews, and other assurance and related services engagements. This video explains how the IAASB’s proposed quality management standards are scalable for small- and medium-sized practices.
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AASB research into the application of IAS 36

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The Australian Accounting Standards Board (AASB) has published its Research Report No. 9 'Perspectives on IAS 36: A case for standard setting activity'.
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IASB decides on last round of potential amendments to IFRS 17

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At its meeting currently held in London, the IASB discussed the last of the 25 concerns regarding the standard that were identified in October 2018 as candidates for potential amendments.
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IASB posts webcast on IFRS 15

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The IASB has posted a webcast, by IASB member Nick Anderson and investor engagement member Sid Kumar, that provides an overview on IFRS 15, ‘Revenue from Contracts with Customers’.
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IAASB Work Plan for 2019: Enhancing Audit Quality

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The IAASB Work Plan is guided by the three underlying strategic objectives, as set out in the Strategy for 2015‒2019: a continued focus on International Standards on Auditing as the basis for high-quality audits; the importance of standards for other services addressing emerging stakeholder needs; and the board’s intention to strengthen collaboration to address public…
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