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ISSB and EFRAG publish 'ESRS — ISSB Standards Interoperability Guidance'
02 May 2024
The International Sustainability Standards Board (ISSB) and EFRAG (formerly the European Financial Reporting Advisory Group) have published guidance to illustrate the high level of alignment achieved between the ISSB standards and the European Sustainability Reporting Standards (ESRS).
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Summary of the March 2024 ASAF meeting now available
01 May 2024
The IASB staff have published a summary of the Accounting Standards Advisory Forum (ASAF) meeting held in London on 25–26 March 2024.
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IFRS Foundation publishes tenth compilation of IFRS Interpretations Committee agenda decisions
01 May 2024
The IFRS Foundation has issued “Compilation of Agenda Decisions — Volume 10” which contains all the agenda decisions made by the IFRS Interpretations Committee from November 2023 to April 2024.
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IASB to host live webinars on IFRS 18 implementation
01 May 2024
The IASB is set to host a series of live webinars aimed at facilitating a comprehensive understanding of the recently introduced IFRS 18 'Presentation and Disclosure in Financial Statements'. These webinars will provide stakeholders with valuable insights into the nuances of the new requirements and offer a platform for interactive discussion.
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IASB issues podcast on latest Board developments (April 2024)
30 Apr 2024
The IASB has released a podcast hosted by Executive Technical Director Nili Shah featuring IASB Chair Andreas Barckow and IASB Vice-Chair Linda Mezon-Hutter discussing the deliberations held during the April 2024 IASB meeting.
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April 2024 IASB meeting notes posted
30 Apr 2024
The IASB met in London on 22-25 April 2024. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.
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ISSB publishes digital sustainability taxonomy
30 Apr 2024
The International Sustainability Standards Board (ISSB) has published the IFRS Sustainability Disclosure Taxonomy (ISSB Taxonomy) to help investors analyse sustainability disclosures efficiently.
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Updated IASB and ISSB work plan — Analysis (April 2024)
29 Apr 2024
Following the IASB and ISSB meetings this month, we have analysed the work plan on the IFRS Foundation website to see what changes have resulted from the meetings and other developments since the work plan was last revised in March 2024. Several projects have been completed and one new project on intangibles has been added.
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IFRS Foundation publishes its 2023 annual report
29 Apr 2024
The IFRS Foundation has published its annual report and audited financial statements for the year ended 31 December 2023.
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ISSB publishes April 2024 podcast
29 Apr 2024
The International Sustainability Standards Board (ISSB) has released a podcast hosted by ISSB Chair Emmanuel Faber and Vice-Chair Sue Lloyd discussing the latest developments from the ISSB.
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IPSASB finalises non-substantive changes to its standards
02 May 2024
The International Public Sector Accounting Standards Board (IPSASB) has published 'Improvements to IPSAS, 2023'.
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EFRAG draft comment letter on the proposed amendments aimed at enhanced information on acquisitions
02 May 2024
EFRAG (formerly the European Financial Reporting Advisory Group) has issued a draft comment letter on the IASB's proposed amendments around business combinations, goodwill and impairment.
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Agenda for the April 2024 SCC meeting
26 Apr 2024
An agenda has been released for the meeting of the Sustainability Consultative Committee that will be held via video conference call on 29 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 examining the implementation of IFRS 17 'Insurance Contracts' in the EU. The report evaluates the adoption of IFRS 17 by insurance undertakings and compares the calculation of insurance liabilities under IFRS 17 with the Solvency II framework.
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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.
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New GPF member appointed
18 Apr 2024
The Global Preparers Forum (GPF) has appointed a new member, Emmanuelle Guyomard, to serve an initial five-year term.
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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.
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European Parliament approves delay of certain ESRSs
17 Apr 2024
The European Parliament 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.
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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 (UKEB) introduced two forthcoming research reports on accounting for intangibles.
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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 (IPSAS).
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Health Tech Industry Accounting Guide (April 2024)
published 30 Apr 2024
The fifth edition of this guide identifies and provides guidance on the most difficult technical accounting issues associated with the convergence of the technology and health care/life sciences industries. It also offers perspectives on recent health tech investment trends related to women’s health.
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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)'.
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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’.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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ISSB Meeting — 23 April 2024
Start: 23 Apr 2024 - End: 23 Apr 2024
The ISSB met in Frankfurt on 23 April 2024.
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IASB Meeting — 22–25 April 2024
Start: 22 Apr 2024 - End: 25 Apr 2024
The IASB met in its offices in London on 22–25 April 2024.
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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.
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ISSB Meeting — 13 March 2024
Start: 13 Mar 2024 - End: 13 Mar 2024
The ISSB met in Frankfurt on 13 March 2024.
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IFRS Interpretations Committee meeting — 5 March 2024
Start: 05 Mar 2024 - End: 05 Mar 2024
The IFRS Interpretations Committee met on 5 March 2024.
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ISSB Meeting — 21 February 2024
Start: 21 Feb 2024 - End: 21 Feb 2024
The ISSB met in New York City on 21 February 2024.
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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.
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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.
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IASB Meeting — 22–25 January 2024
Start: 22 Jan 2024 - End: 25 Jan 2024
The IASB met in its offices in London on 22–23 January 2024. On 25 January, the IASB held a joint meeting with the ISSB.
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ISSB Meeting — 13–14 December 2023
Start: 13 Dec 2023 - End: 14 Dec 2023
The ISSB met in Frankfurt on 13–14 December 2023.