IFRS Newsletters
IFRS Newsletter No. 05 – 2023
Less than six months after launching the standard-setting project, the International Accounting Standards Board (IASB) seems well on the way to finalizing the amendments to IAS 12, and another major news item reported in this issue is the IASB’s recent publication of an Exposure Draft of proposed amendments to IFRS 9 and IFRS 7, following the first phase of the post-implementation review of IFRS 9.
IFRS Newsletter No. 04 – 2023
In this issue of our IFRS Newsletter, you will find a summary of topics discussed at the IASB meeting of March 2023 as well as a summary of the recent developments on sustainability reporting.
IFRS Newsletter No. 03 – 2023
At its monthly meeting in February 2023, the International Accounting Standards Board (IASB) continued its discussions on the Financial Instruments with Characteristics of Equity project (FICE) and reached a number of tentative decisions, which we discuss in detail in this issue. This project, based on a discussion paper published in June 2018, is intended to clarify the principles of IAS 32, to address the issues of its practical application and to improve disclosures. The Exposure Draft is expected in the second half of 2023.
IFRS Newsletter No. 02 – 2023
The International Accounting Standards Board (IASB) continued its redeliberations on primary financial statements, and also issued proposed amendments to IAS 12 as a result of the OECD Pillar Two rules. The International Sustainability Standards Board (ISSB) continued its discussions on draft IFRS S1 and IFRS S2 while the Canadian Sustainability Standards Board (CSSB) is being formed to address the unique needs of Canadian entities.
IFRS Newsletter No. 01 – 2023
As 2022 gives way to 2023, we would like to wish you all the best for the coming year! While there will probably still be much to discuss on the accounting front, there is sure to be even more activity in terms of sustainability reporting.
On December 21, the International Accounting Standards Board (IASB) officially closed Phase 1 of the post-implementation review of IFRS 9, Classification and Measurement. While the IASB has concluded that IFRS 9, in general, meets the objectives of improving the financial information provided on financial instruments, the Board has nevertheless announced some draft amendments, to be issued in the first quarter of 2023.
On December 21, the International Accounting Standards Board (IASB) officially closed Phase 1 of the post-implementation review of IFRS 9, Classification and Measurement. While the IASB has concluded that IFRS 9, in general, meets the objectives of improving the financial information provided on financial instruments, the Board has nevertheless announced some draft amendments, to be issued in the first quarter of 2023.
IFRS Newsletter No. 06 – 2022
As 2022 year-end closing approaches, we present our traditional overview of the new standards and amendments applicable at December 31. Once again, no major new standards have been published this year, but disclosures are required on the impact of standards issued by the IASB but not yet effective, particularly for insurers in view of the entry into force of IFRS 17 on January 1, 2023.
IFRS Newsletter No. 05 – 2022
In addition to IFRS highlights, climate-related matters are the key focus, with increased disclosure requirements on the horizon under the upcoming Corporate Sustainability Reporting Directive (CSRD).
Read the latest news about the International Financial Reporting Standards.
Read the latest news about the International Financial Reporting Standards.
IFRS Newsletter No. 04 – 2022
IFRS Newsletter No. 03 – 2022
We have seen very little activities on the corporate reporting front. Regarding regulatory news, progress continues to be made towards the development of sustainability reporting standards. The IFRS Foundation announced that it would make use of the possibilities offered by its Constitution to enable the ISSB to publish its first two standards by the end of the year.