IFRS Newsletters
IFRS Newsletter No. 03 – 2024
Last November, we reported the publication of an IASB Exposure Draft of proposed amendments to IAS 32, IFRS 7 and IFRS 1 on the classification of financial instruments with characteristics of equity. In this issue, we present the IASB's proposals on three of the topics covered by these amendments: how to account for rights and obligations arising from legal or regulatory requirements, instruments that are settled in the entity's own equity instruments, and obligations requiring the entity to purchase its own equity instruments (including puts on non-controlling interests). These proposals are sure to prompt reactions from stakeholders.
Turning to sustainability reporting, a growing number of initiatives have been launched to help entities meet the new requirements. The IFRS Foundation has just published a methodological guide on the use of Sustainability Accounting Standards Board (SASB) standards to meet the requirements of IFRS S1.
Turning to sustainability reporting, a growing number of initiatives have been launched to help entities meet the new requirements. The IFRS Foundation has just published a methodological guide on the use of Sustainability Accounting Standards Board (SASB) standards to meet the requirements of IFRS S1.
IFRS Newsletter No. 02 – 2024
With respect to financial reporting, the IASB continued its deliberations on draft amendments to IFRS 9 and IFRS 7, considering comment letters received. The IASB's discussions focused on the SPPI qualification and associated indicators, as well as on financial assets with non-recourse features and contractually linked instruments, for which stakeholders expressed reservations about the existence of alternative structures avoiding the application for requirements of the standard.
IFRS Newsletter No. 01 – 2024
Happy New Year from our team!
The International Accounting Standards Board (IASB) work plan suggests that this new year will be a busy one on the accounting front. In this first issue of 2024 of our IFRS Newsletter, read about power purchase agreements, hyperinflationary economies and sustainability reporting.
The International Accounting Standards Board (IASB) work plan suggests that this new year will be a busy one on the accounting front. In this first issue of 2024 of our IFRS Newsletter, read about power purchase agreements, hyperinflationary economies and sustainability reporting.
IFRS Newsletter No. 11 – 2023
Looking a little further into the future, we present the IASB’s recently published Exposure Draft of proposed amendments to IAS 32, IFRS 7 and IFRS 1 on the classification of financial instruments with characteristics of equity (FICE), for which the comment period runs until March 29, 2024.
IFRS Newsletter No. 10 – 2023
In this issue of our IFRS Newsletter, read more about the IFRIC's decision regarding premiums receivable from an intermediary under IFRS 17 and IFRS 9.
IFRS Newsletter No. 09 – 2023
Following the summer break, the International Accounting Standards Board (IASB) began work again in September. It has published an Exposure Draft on Volume 11 of Annual Improvements to IFRS Accounting Standards, and tentatively decided to widen the scope of its project on climate-related risks in the financial statements to include other sources of uncertainty.
IFRS Newsletter No. 08 – 2023
At international level but also as regards to sustainability reporting, this issue of our IFRS Newsletter features a detailed summary of the content of the first two standards that were released by the International Sustainability Standards Board (ISSB) at the end of June : IFRS S1, General Requirements for Disclosure of Sustainability-Related Financial Information, and IFRS S2, Climate-Related Disclosures.
IFRS Newsletter No. 07 – 2023
Sustainability reporting is very much in the international news. On June 26, the International Sustainability Standards Board (ISSB) published the definitive versions of its first two standards, IFRS S1, General Requirements for Disclosure of Sustainability-Related Financial Information, and IFRS S2, Climate Change Disclosures, laying the foundations for a globally recognized baseline for reporting on the financial effects of the risks and opportunities arising from sustainability issues.
IFRS Newsletter No. 06 – 2023
There is still a great deal of news on the sustainability disclosure standards front, demonstrating the need to move forward as quickly and effectively as possible. On May 4, the International Sustainability Standards Board (ISSB) published a Request for Information to gather stakeholders' views on the priorities that the ISSB should consider when setting its work plan now that the first two standards, IFRS S1 and IFRS S2, have been finalized (their publication is expected by the end of June 2023).
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.