News and Publications

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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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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2019 required and annotated required IFRS Standards now available

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The IFRS Foundation announces that the annual publication formerly known as the 'Blue Book' is now available.
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Additional educational module on the IFRS for SMEs on leases

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The IFRS Foundation has issued an additional new stand-alone educational module, which supports the learning, application, and reading of financial statements prepared with the IFRS for SMEs Standard.
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IPSASB issues amendments to keep IPSASs in line with IFRSs

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The International Public Sector Accounting Standards Board (IPSASB) has released 'Long-term Interests in Associates and Joint Ventures (Amendments to IPSAS 36) and Prepayment Features with Negative Compensation (Amendments to IPSAS 41)'.
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Updated compendium of Ind AS Clarification Bulletins

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India is currently in its process of implementating the Indian Accounting Standards (Ind AS), which are largely converged with International Financial Reporting Standards (IFRSs). For addressing transition related queries, an Ind AS Transition Facilitation Group (ITFG) has been set up that issues clarification bulletins addressing implementation issues from time to time. For ease of reference,…
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IPSASB publishes final guidance on accounting for social benefits and exposure draft on collective and individual services and emergency relief

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The International Public Sector Accounting Standards Board (IPSASB) has released International Public Sector Accounting Standard (IPSAS) 42 'Social Benefits' and an related Exposure Draft (ED) 67 'Collective and Individual Services and Emergency Relief (Amendments to IPSAS 19)' to address a wide range of significant government expenditures.
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Additional IFRS for SMEs educational modules on intangible assets other than goodwill and on business combinations and goodwill

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The IFRS Foundation has issued two new stand-alone educational modules, which support the learning, application, and reading of financial statements prepared with the IFRS for SMEs.
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