This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Latest news

  • IASB issues three investor webcasts

    22 Aug 2014

    As part of its Investor Education Initiative, the IASB has published three investor-focused education webcasts to keep the investor community informed on recent accounting matters. The webcasts are done in collaboration with the CFA Institute.

  • Staff paper on issues in the application of IFRS 9 to Islamic finance

    21 Aug 2014

    The IASB's Consultative Group for Shariah-Compliant Instruments and Transactions will meet in Kuala Lumpur on 5 September 2014 to discuss issues in the application of IFRS 9 'Financial Instruments' to Islamic finance. To this end a staff paper has been prepared addressing issues in the classification of financial instruments under IFRS 9.

  • Summary of the June 2014 CMAC and GPF meeting

    20 Aug 2014

    The IASB has made available a summary and recordings of the discussions held during the joint meeting of the Capital Markets Advisory Committee (CMAC) and the Global Preparers Forum (GPF) on 30 June 2014.

  • IASB proposes amendments regarding the recognition of deferred tax assets for unrealised losses

    20 Aug 2014

    The International Accounting Standards Board (IASB) has published an Exposure Draft (ED) of proposed amendments to IAS 12 'Income Taxes'. As the IASB concluded that diversity in practice around the recognition of a deferred tax asset that is related to a debt instrument measured at fair value is mainly attributable to uncertainty about the application of some of the principles in IAS 12, the proposed amendments consist of some clarifying paragraphs and an illustrating example. Comments are requested by 18 December 2014.

  • Partner standard to IFRS 2 achieves purpose

    20 Aug 2014

    The Financial Accounting Foundation (FAF) has conducted a post-implementation review (PIR) of Financial Accounting Standards Board (FASB) Statement No. 123(R) 'Share-Based Payment'. Statement 123(R) is is largely consistent with IFRS 2 'Share-Based Payment'. The review team notes in its final report that the standard achieves its purpose and "no standard-setting process recommendations resulted from our review".

  • Free access to research papers in renowned accounting journals

    18 Aug 2014

    In an effort to promote accounting research, the publisher Taylor & Francis Online has pulled together an online collection of highly cited articles from accounting journals in 2013 and 2014. At the same time, the publisher SAGE has made freely available articles on accounting history that were the most-read during the month of July 2014.

  • European Commission call for applications for the position of EFRAG Board President

    15 Aug 2014

    The revised EFRAG Statutes and EFRAG Internal Rules will establish a new EFRAG Board that will be responsible for all EFRAG positions with the objective of Europe speaking with one voice, facilitated by a consensus-based decision-making process in the EFRAG Board. The European Commission is currently organising a selection procedure to appoint the President of the EFRAG Board. Interested applicants are requested to submit their applications to the European Commission no later than 15 September 2014.

  • Ethics code proposals seek to enhance auditor independence

    15 Aug 2014

    The International Ethics Standards Board for Accountants (IESBA) has released an exposure draft of proposed changes to the Code of Ethics for Professional Accountants (the Code). The changes are designed to strengthen auditor independence through addressing threats created by the long association of audit firm personnel with an audit client.