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FR International News
January 2022 International Accounting Standards Board meeting papers available
14 Jan 2022
For this IASB meeting held on 25 January 2022, topics for discussion include updates to work plan, Maintenance and consistent application issues, Primary Financial Statements and Business Combinations under Common Control.
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FR International News
January 2022 SME Implementation Group meeting papers available
12 Jan 2022
For the SME Implementation Group meeting to be held on 21 January 2022, the topic for discussion will be Second Comprehensive Review of the IFRS for SMEs Standard.
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FR International News
January 2022 IFRS Interpretations Committee podcast available
10 Jan 2022
In this podcast, IFRS Interpretations Committee Chair and IASB Vice-Chair, Sue Lloyd and Technical Staff Member, Patrina Buchanan looked back at activities to support consistent application of IFRS Accounting Standards during the last quarter of 2021. Topics discussed include Principal versus Agent: Software Reseller, Negative Low Emission Vehicle Credits and Lease Liability in a Sale and Leaseback. The recording can be found on the IASB website and YouTube Channel.
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FR International News
December 2021 IFRS for SMEs Update available
22 Dec 2021
This edition of the IFRS for SMEs Update includes an update on the planned 2022 meetings of the SME Implementation Group (SMEIG) and a reminder of online resources for SMEs.
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FR International News
December 2021 IASB podcast available
20 Dec 2021
IASB Chair Andreas Barckow and Vice-Chair Sue Lloyd shared on IASB’s discussions at its December meeting. Topics discussed include developments in the Financial Instruments with Characteristics of Equity and Business Combinations Under Common Control projects and feedback received from stakeholders on the IASB’s Exposure Draft Lease Liability in a Sale and Leaseback.
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FR International News
December 2021 IASB Update available and work plan updated
17 Dec 2021
This Update highlights IASB’s discussions on topics such as Financial Instruments with Characteristics of Equity, Rate-regulated Activities, Primary Financial Statements and Business Combinations under Common Control. The IASB work plan has also been updated.
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FR International News
The IFRS Foundation proposes changes to the IFRS Taxonomy 2021 to reflect an amendment to IFRS 17
16 Dec 2021
The proposed changes reflect those made by Initial Application of IFRS 17 and IFRS 9—Comparative Information, issued on 9 December, a narrow-scope amendment to the transition requirements in IFRS 17 Insurance Contracts. The comment period will end on 17 January 2022.
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FR International News
IASB provides transition option to insurers applying IFRS 17
09 Dec 2021
The International Accounting Standards Board (IASB) has issued a narrow-scope amendment to the transition requirements in IFRS 17 Insurance Contracts to provide insurers with an option aimed at improving the usefulness of information to investors on initial application of the Standard. IFRS 17, including the amendment, will be effective for annual reporting periods starting on or after 1 January 2023.
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FR International News
November 2021 IFRIC Update available
09 Dec 2021
This Update is a summary of discussions by the IFRS Interpretations Committee (IFRIC). Topics discussed include tentative agenda decision on Principal versus Agent: Software Resellers (IFRS 15 Revenue from Contracts with Customers); agenda decision on Economic Benefits from Use of a Windfarm (IFRS 16 Leases); and a new request relating to Negative Low Emission Vehicle Credits (IAS 37 Provisions, Contingent Liabilities and Contingent Assets).
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FR International News
Connectivity, core work and convergence—what next for IFRS Accounting Standards?
07 Dec 2021
At the AICPA and CIMA Conference on 7 December in Washington, IASB Chair Andreas Barckow spoke on IASB’s immediate and future priorities, the growing importance of sustainability issues in financial reporting and convergence with the FASB.