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FR International News
Watch webcast Implementing IFRS 19—Insights from global preparers and IASB members
24 Jul 2024
This webcast offers an overview of IFRS 19 and its benefits for eligible subsidiaries as well as practical insights into its implementation. The new accounting standard is expected to simplify reporting systems and processes for companies, reducing the costs of preparing eligible subsidiaries’ financial statements while maintaining the usefulness of those financial statements for their users.
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FR International News
IASB completes technical decisions on three projects
23 Jul 2024
IASB concluded its technical decision-making on three of its projects: (1) Completion of the second comprehensive review of the IFRS for SMEs Accounting Standard with plans to issue the third edition in the first half of 2025; (2) Completion of redeliberations on the Rate-regulated Activities project and moving on to the drafting of a new accounting standard; and (3) Conclusion of Post-implementation Review of IFRS 15 Revenue from Contracts with Customers with the publication of a project summary and feedback statement in the third quarter of 2024.
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FR International News
IASB issues annual improvements to IFRS Accounting Standards
18 Jul 2024
IASB has issued Annual Improvements to IFRS Accounting Standards — Volume 11. It contains amendments to IFRSs 1, 7, 9, 10 and IAS 7. These amendments are effective for annual reporting periods beginning on or after 1 January 2026 with earlier application permitted.
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FR International News
July 2024 International Accounting Standards Board agenda and meeting papers available
12 Jul 2024
For the International Accounting Standards Board (IASB) meeting on 22 – 26 July 2024, topics for discussion include next steps for the Financial Instruments with Characteristics of Equity (FICE) project in light of the feedback received from comment letters on the FICE Exposure Draft, finalisation of decisions to conclude the Post-implementation Review of IFRS 15 and updates on IASB’s redeliberations of its proposals in the Exposure Draft Third edition of the IFRS for SMEs Accounting Standard.
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FR International News
Q2 2024 IFRS Interpretations Committee podcast available
08 Jul 2024
In this podcast, IFRS Interpretations Committee Chair and IASB member Bruce Mackenzie and Member André Besson shared on IFRIC’s decisions made at its June 2024 meeting, focusing on the disclosure of revenues and expenses for reportable segments (IFRS 8).
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FR International News
IASB publishes its review of impairment requirements relating to financial instruments
04 Jul 2024
IASB has concluded its Post-implementation Review (PIR) of the impairment requirements in IFRS 9 Financial Instruments—Impairment. The summary report shows that the standard works as intended and provides useful information to users of financial instruments.
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FR International News
June 2024 IASB podcast available
28 Jun 2024
In this month podcast, the topics discussed include Post-implementation Review of IFRS 16 Leases, Management Commentary and targeted improvements to IAS 37 Provisions. In addition, the IASB and the FASB discussed their post-implementation reviews of revenue standards and leases standards.
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FR International News
July 2024 Accounting Standards Advisory Forum agenda and meeting papers available
24 Jun 2024
For the ASAF meeting to be held on 8 – 9 July 2024, updates are provided on various IASB’s projects such as Financial Instruments with Characteristics of Equity, targeted improvements to IAS 37 Provisions, Power Purchase Agreements and Carbon Credits.
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FR International News
June 2024 IASB and joint IASB–FASB Update available
24 Jun 2024
The topics discussed included Dynamic Risk Management, Post-implementation Review of IFRS 16 Leases and Equity Method. In addition, IASB–FASB discussed the projects on Post-implementation reviews of revenue standards and leases standards at the joint IASB–FASB meeting.
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FR International News
June 2024 IFRS for SMEs Accounting Standard Update available
21 Jun 2024
This edition of the Update includes an overview of the upcoming SME Implementation Group (SMEIG) meeting and an update on the IASB redeliberations of proposals in the Exposure Draft Third edition of the IFRS for SMEs Accounting Standard (2022 Exposure Draft).