News and Publications

AcSB panel discussion on IFRS 17 – recording and slides

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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.
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IASB posts webinar on IFRS 9 after IFRS Interpretations Committee discussion

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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).
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EFRAG draft comment letter on proposed amendments to IFRS 17

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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'.
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IASB publishes proposed amendments to IAS 12

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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.
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ESMA issues statement on the application of IAS 12

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The European Securities and Markets Authority (ESMA) has issued a public statement to help promote consistent application of IAS 12, ‘Income Taxes’.
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IASB posts webinar on proposed amendments to IFRS 17

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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.
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IASB publishes proposed amendments to IFRS 17

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

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

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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…
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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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