News and Publications

IAASB Feedback Statement and way forward – Audits of Less Complex Entities

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Recognizing the need to keep its stakeholders informed of its progress in relation to audits of Less Complex Entities (LCEs), the IAASB published a Feedback Statement that provides an overview of the key messages from the responses to the IAASB’s Discussion Paper (DP), Audits of Less Complex Entities: Exploring Possible Options to Address the Challenges…
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IASB proposes new standard on general presentation and disclosures in financial statements

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The International Accounting Standards Board (IASB) has published the exposure draft of a new standard 'General Presentation and Disclosures' that is intended to replace IAS 1 'Presentation of Financial Statements'. Comments are requested by 30 June 2020.
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2019 Handbook of International Education Standards

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The 2019 Education Handbook contains the IAESB’s suite of International Education Standards (IES) 1-8. The handbook's organization focuses on supporting the IESs, which present the underlying principles, concepts, and definitions that enhance accountancy education. More specifically, this handbook includes the Framework for International Education Standards for current and aspiring professional accountants, the IAESB Glossary of…
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IFRS Foundation issues guide on accounting policies

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The IFRS Foundation has issued, ‘Guide to Selecting and Applying Accounting Policies — IAS 8’.
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IASB releases podcast on IFRS 17

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The IASB has released a podcast featuring IASB members Darrel Scott and Nick Anderson as well as technical staff member Roberta Ravelli as they discuss the developments at the November 2019 Board meeting related to the amendment IFRS 17 'Insurance Contracts'.
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IFRS model financial statements 2019

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Deloitte's Global IFRS Office has released 'International GAAP Holdings Limited — Model financial statements for the year ended 31 December 2019'.
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Revisions to IES 2, 3, 4 and 8

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These newly revised International Education Standards address learning and development for information and communications technologies (ICT) and professional skepticism. As market expectation increases for ICT skills and professional skepticism, these standards were developed to address the competencies, skills, and behaviors for both aspiring and professional accountants in these critical areas. The revised education standards include…
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FOCUS ON PROFESSIONAL SKEPTICISM

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This communiqué is part of a series from the IAASB Professional Skepticism Working Group, providing updates on the IAASB’s efforts to appropriately reflect professional skepticism in its standards, together with other relevant news and information. The previous edition is available online.
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