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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).
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FR International News
June 2024 IFRIC Update available
19 Jun 2024
This Update is a summary of discussions by the IFRS Interpretations Committee (IFRIC) and the topics included IFRIC’s tentative agenda decisions on Classification of Cash Flows related to Variation Margin Calls on ‘Collateralised-to-Market’ Contracts (IAS 7) and IFRIC’s agenda decision for the IASB’s consideration on Disclosure of Revenues and Expenses for Reportable Segments (IFRS 8).
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FR International News
IASB unanimously agrees to finalise the revision of the Management Commentary Practice Statement
19 Jun 2024
IASB unanimous decided to finalise the revision of IFRS Practice Statement 1 Management Commentary by making targeted refinements to its proposals set out in the Exposure Draft Management Commentary.
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FR International News
July 2024 IFRS Taxonomy Consultative Group agenda and meeting papers available
19 Jun 2024
For the IFRS Taxonomy Consultative Group meeting to be held on 2 July 2024, topics for discussion include IFRS Accounting Taxonomy, Digital Financial Reporting and Global Sustainability Standards Board: GRI Digital Taxonomy.
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FR International News
June 2024 International Accounting Standards Board agenda and meeting papers available
07 Jun 2024
For the International Accounting Standards Board (IASB) meeting to be held on 19 – 20 June 2024, topics for discussion include IASB’s plan for Post-implementation Review of IFRS 16, issues relating to the application of equity method of accounting and IASB’s proposals for targeted amendments to IAS 37.
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FR International News
June 2024 Due Process Oversight Committee agenda and meeting papers available
03 Jun 2024
For the Due Process Oversight Committee (DPOC) meeting to be held on 4-6 June 2024, topics for discussion include updates on the technical activities of IASB, IFRS Interpretations Committee and ISSB, summary of feedback and the IASB’s responses on Post-implementation Review of IFRS 9—Impairment and approval to publish the Proposed IFRS Taxonomy Update based on the Exposure Draft Contracts for Renewable Electricity.
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FR International News
June 2024 joint Capital Markets Advisory Committee and Global Preparers Forum agenda and meeting papers available
03 Jun 2024
For the joint Capital Markets Advisory Committee and Global Preparers Forum meeting held on 13-14 June 2024, topics discussed include Intangible Assets project, Business Combinations—Disclosures, Goodwill and Impairment, Statement of Cash Flows and Related Matters and updating IFRS 19.
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FR International News
June 2024 IFRS Interpretations Committee agenda and meeting papers available
31 May 2024
For the IFRS Interpretations Committee meeting to be held on 11 June 2024, topics discussed include Disclosure of Revenues and Expenses for Reportable Segments (IFRS 8) and Classification of Cash Flows related to Variation Margin Calls on ‘Collateralised-to-Market’ Contracts (IAS 7).
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FR International News
IASB issues narrow-scope amendments to classification and measurement requirements for financial instruments
30 May 2024
The amendments respond to feedback from the 2022 Post-implementation Review on the classification and measurement requirements of IFRS 9 Financial Instruments. These include clarifying the classification of financial assets with environmental, social and corporate governance (ESG) and similar features, and settlement of liabilities through electronic payment systems. The amendments are effective for annual reporting periods beginning on or after 1 January 2026.
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FR International News
May 2024 IASB podcast available
29 May 2024
In this podcast, the topics discussed include stakeholder feedback from the Exposure Draft related to the Financial Instruments with Characteristics of Equity project; and developments in the Post-implementation Review of IFRS 9—Impairment project.