URL: http://iasplus.com
TEXT
IAS Plus ? IFRS, global financial reporting and accounting resources
Deloitte's IAS Plus website provides comprehensive information about international financial reporting in general and the International Accounting Standards Board<span itemscope itemtype="http://schema.org/Organization">
<span itemprop="name">International Accounting Standards Board</span>
</span> (IASB) activities in particular ? a central knowledge repository on International Financial Reporting Standards<span itemscope itemtype="http://schema.org/Organization">
<span itemprop="name">International Financial Reporting Standards</span>
</span> (IFRS) and accounting and financial reporting developments in general, including news, analysis and commentary, publications, events, meeting notes and summaries of standards and projects of the IASB in developing IFRS.
The #1 website for global accounting news
IFRS 18
New standard on presentation and disclosures in financial statements will replace IAS 1 as of 2027
Acquisitions and goodwill
IASB proposes amendments that aim at providing enhanced information on acquisitions
What's new?
Our popular summary of new and revised financial and sustainability reporting requirements, updated for 31 March 2024
Sustainability reporting in the US
SEC adopts rule that will require entities to disclose climate-related information
Main news Additional news Latest publications Latest meetings
IASB takes up research project on intangibles
23 Apr 2024
The new project aims to comprehensively review the accounting requirements for intangibles. Initial research will seek to define the project's scope and explore how best to stage work on this topic to produce timely improvements to IFRS Accounting Standards.
ISSB decides to begin research projects on biodiversity and human capital
23 Apr 2024
In its meeting today, the International Sustainability Standards Board<span itemscope itemtype="http://schema.org/Organization">
<span itemprop="name">International Sustainability Standards Board</span>
</span> (ISSB) has decided to start two new research projects: a project on biodiversity, ecosystems and ecosystem services, and a project on human capital.
Pre-meeting summaries for the April 2024 ISSB meeting
21 Apr 2024
The ISSB will meet in Frankfurt on 23 April 2024. We have posted our pre-meeting summaries for the meeting that allow you to follow the ISSB's decision making more closely. We summarised the agenda papers made available by the ISSB staff and point out the main issues to be discussed by the ISSB and the staff recommendations.
Pre-meeting summaries for the April 2024 IASB meeting
19 Apr 2024
The IASB will meet in London on 22-25 April 2024. We have posted our pre-meeting summaries for the meeting that allow you to follow the IASB's decision making more closely. We summarised the agenda papers made available by the IASB staff and point out the main issues to be discussed by the IASB and the staff recommendations.
IASB completes project on business combinations under common control by publishing project summary
17 Apr 2024
The International Accounting Standards Board<span itemscope itemtype="http://schema.org/Organization">
<span itemprop="name">International Accounting Standards Board</span>
</span> (IASB) has published a project summary regarding its project on business combinations under common controls (BCUCC).
April 2024 ISSB meeting agenda posted
12 Apr 2024
The International Sustainability Standards Board<span itemscope itemtype="http://schema.org/Organization">
<span itemprop="name">International Sustainability Standards Board</span>
</span> (ISSB) has posted the agenda for its meeting, which will be held in Frankfurt on 23 April 2024. The ISSB will be assessing projects to add to the work plan.
April 2024 IASB meeting agenda posted
12 Apr 2024
The IASB has posted the agenda for its next meeting, which will be held in its offices in London on 22?25 April 2024. There are 10 topics on the agenda.
ISSB launches podcast series on TIG meetings
10 Apr 2024
The International Sustainability Standards Board<span itemscope itemtype="http://schema.org/Organization">
<span itemprop="name">International Sustainability Standards Board</span>
</span> (ISSB) has launched a new podcast series titled 'ISSB Implementation Insights'. The series shares insights from the meetings of the Transition Implementation Group<span itemscope itemtype="http://schema.org/Organization">
<span itemprop="name">Transition Implementation Group</span>
</span> on IFRS S1 and IFRS S2 (TIG).
IASB issues new standard on presentation and disclosures in financial statements
09 Apr 2024
The International Accounting Standards Board<span itemscope itemtype="http://schema.org/Organization">
<span itemprop="name">International Accounting Standards Board</span>
</span> (IASB) has published its new standard IFRS 18 ?Presentation and Disclosures in Financial Statements' that will replace IAS 1 'Presentation of Financial Statements'. The new standard is the result of the so-called primary financial statements project, aims at improving how entities communicate in their financial statements and will be effective for annual periods beginning on or after 1 January 2027.
Agenda for the April 2024 IFRS Advisory Council meeting
05 Apr 2024
An agenda has been released for the meeting of the IFRS Advisory Council<span itemscope itemtype="http://schema.org/Organization">
<span itemprop="name">IFRS Advisory Council</span>
</span> that will be held in London on 9-10 April 2024.
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EIOPA report on the impact of IFRS 17 in the insurance sector
22 Apr 2024
The European_Insurance_and_Occupational_Pensions_Authority (EIOPA) has released a report|SPK examining the implementation of IFRS 17 'Insurance Contracts' in the EU. The report|SPK evaluates the adoption of IFRS 17 by insurance undertakings and compares the calculation of insurance liabilities under IFRS 17 with the Solvency II framework.
Standard setters discuss understandability of accounting standards
19 Apr 2024
At the meeting of the International_Forum_of_Accounting_Standard_Setters (IFASS) currently being held in Seoul, the standard setters discussed research on the understandability of accounting standards.
New GPF member appointed
18 Apr 2024
The Global Preparers Forum<span itemscope itemtype="http://schema.org/Organization">
<span itemprop="name">Global Preparers Forum</span>
</span> (GPF) has appointed a new member, Emmanuelle Guyomard<span itemscope itemtype="http://schema.org/Person">
<span itemprop="name">Emmanuelle Guyomard</span>
</span>, to serve an initial five-year term.
AI in standard setting
18 Apr 2024
At the meeting of the International_Forum_of_Accounting_Standard_Setters (IFASS) currently being held in Seoul, the standard setters discussed whether and how artificial intelligence (AI) can be used in standard setting.
European Parliament approves delay of certain ESRSs
17 Apr 2024
The European Parliament<span itemscope itemtype="http://schema.org/Organization">
<span itemprop="name">European Parliament</span>
</span> has voted to postpone the adoption of sector-specific European Sustainability Reporting Standards (ESRSs) and ESRSs for third-country entities by two years, until 30 June 2026.
UKEB introduces research on intangibles at IFASS meeting
17 Apr 2024
The International_Forum_of_Accounting_Standard_Setters (IFASS) is currently holding its spring meeting in Seoul. During one presentation today, the UK Endorsement Board<span itemscope itemtype="http://schema.org/Organization">
<span itemprop="name">UK Endorsement Board</span>
</span> (UKEB) introduced two forthcoming research reports on accounting for intangibles.
IPSASB consults on amendments based on IFRIC Interpretations
17 Apr 2024
The International_Public_Sector_Accounting_Standards_Board (IPSASB) has released an exposure draft (ED) proposing amendments to consider IFRIC Interpretations for public comment. So far the IPSASB had not considerered interpretations issued by the IFRS Interpretations Committee for inclusion in the International Public Sector Accounting Standards<span itemscope itemtype="http://schema.org/Organization">
<span itemprop="name">International Public Sector Accounting Standards</span>
</span> (IPSAS).
Two webinars introducing IFRS 18
16 Apr 2024
EFRAG has announced two webinars introducing IFRS 18 ?Presentation and Disclosures in Financial Statements' - one with a general focus and one for financial institutions, insurance companies and conglomerates. The IASB will participate in both webinars.
Brazil consults on sustainability reporting standards based on IFRS S1 and IFRS S2
15 Apr 2024
The Comitê Brasileiro de Pronunciamentos de Sustentabilidade (CBPS), together with the Conselho Federal de Contabilidade (CFC), has published two exposure drafts for sustainability disclosure standards based on the standards of the International Sustainability Standards Board<span itemscope itemtype="http://schema.org/Organization">
<span itemprop="name">International Sustainability Standards Board</span>
</span> (ISSB). The comment period ends on 13 June 2024.
Digital reporting and the IFRS digital taxonomies
11 Apr 2024
The IFRS Foundation<span itemscope itemtype="http://schema.org/Organization">
<span itemprop="name">IFRS Foundation</span>
</span> has published an article 'Digital financial reporting ? Facilitating digital comparability and analysis of financial reports' and has set up a new dedicated website.
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Heads Up ? FASB Issues ASU to Remove Concepts Statement References From Codification
published 24 Apr 2024
This Heads Up discusses FASB Accounting Standards Update No. 2024-02, 'Codification Improvements ? Amendments to Remove References to the Concepts Statements (ASC)'.
EFRAG endorsement status report 17 April 2024
published 17 Apr 2024
The endorsement status report has been updated to reflect that the IASB has published IFRS 18 ?Presentation and Disclosures in Financial Statements?.
Financial Reporting Alert 24-2, Financial Reporting and Accounting Considerations Related to the Current Commercial Real Estate and Banking Macroeconomic Environment
published 16 Apr 2024
This Financial Reporting Alert addresses accounting and financial reporting considerations related to the impact of the current macroeconomic environment on entities in the commercial real estate (CRE) and banking industries.
Financial Reporting Alert 24-1, Frequently Asked Questions About ?Pillar Two? (Updated)
published 15 Apr 2024
This Financial Reporting Alert provides responses to some frequently asked questions about how an entity should account for the tax effects of the global anti-base erosion model rules (?Pillar Two?) established by the Organisation_for_Economic_Co-operation_and_Development (OECD). This Financial Reporting Alert has been updated to address additional questions about how an entity should account for the tax effects of the Pillar Two framework.
iGAAP in Focus ? Financial reporting: IASB publishes new standard on presentation and disclosure in financial statements
published 12 Apr 2024
This iGAAP in Focus outlines IFRS 18 'Presentation and Disclosure in Financial Statements' published by the IASB on 9 April 2024.
Roadmap: Fair Value Measurements and Disclosures (Including the Fair Value Option) (2024)
published 10 Apr 2024
This Roadmap provides an overview of the accounting and disclosure guidance in ASC 820 and ASC 825 as well as insights into how to apply this guidance in practice.
Heads Up ? Comprehensive Analysis of the SEC?s Landmark Climate Disclosure Rule
published 08 Apr 2024
This Heads Up examines the SEC's March 6, 2024, final rule in detail. The final rule requires registrants to provide climate-related disclosures in their annual reports and registration statements, including those for initial public offerings, and is effective beginning with annual reports for the year ending December 31 , 2025, for calendar-year-end large accelerated filers.
Heads Up ? Executive Summary of the SEC?s Landmark Climate Disclosure Rule
published 08 Apr 2024
This Heads Up briefly highlights key provisions of the SEC's final rule on climate disclosures. The new rule requires registrants to provide comprehensive climate-related information in their annual reports and registration statements, including those for IPOs, beginning with annual reports for the year ending December 31 , 2025, for calendar-year-end large accelerated filers. This Heads Up was updated on April 8, 2024, to address the SEC's stay of the effective date of the final rule pending judicial review.
Roadmap: Contingencies, Loss Recoveries, and Guarantees (2024)
published 08 Apr 2024
This Roadmap provides Deloitte's insights into and interpretations of the accounting guidance in ASC 450 on loss contingencies, gain contingencies, and loss recoveries and addresses the accounting guidance in ASC 460 on guarantees. In addition to summarizing the accounting framework in ASC 450 and ASC 460 and providing an in-depth discussion of key concepts, this publication includes examples to illustrate how these concepts may be applied in practice.
IFRS on Point ? March 2024
published 04 Apr 2024
'IFRS on Point' highlights critical financial and sustainability reporting developments and main IFRS-related news stories of the previous month.
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ISSB Meeting ? 23 April 2024
Start: 23 Apr 2024 - End: 23 Apr 2024
The ISSB will meet in Frankfurt on 23 April 2024.
IASB Meeting ? 22?25 April 2024
Start: 22 Apr 2024 - End: 25 Apr 2024
The IASB will meet in its offices in London on 22?25 April 2024.
IASB Meeting ? 18?21 March 2024
Start: 18 Mar 2024 - End: 21 Mar 2024
The IASB met in its offices in London on 18?21 March 2024.
ISSB Meeting ? 13 March 2024
Start: 13 Mar 2024 - End: 13 Mar 2024
The ISSB met in Frankfurt on 13 March 2024.
IFRS Interpretations Committee meeting ? 5 March 2024
Start: 05 Mar 2024 - End: 05 Mar 2024
Committee met on 5 March 2024.
ISSB Meeting ? 21 February 2024
Start: 21 Feb 2024 - End: 21 Feb 2024
The ISSB met in New York City on 21 February 2024.
IASB Meeting ? 19?22 February 2024
Start: 19 Feb 2024 - End: 22 Feb 2024
The IASB met in its offices in London on 19?22 February 2024.
ISSB Meeting ? 25 January 2024
Start: 25 Jan 2024 - End: 25 Jan 2024
The ISSB held a joint meeting with the IASB in its offices in London on 25 January 2024.