IFRS news

News

IFRS news

2015

Published as soon as developments are announced, IFRS news is a brief newsletter outlining the amendments, additions and deletions to IFRS and tracking the work of the IASB. IFRS News provides an essential ‘heads-up’.

IFRS news is a weekly newsletter designed to highlight the most significant IFRS changes, proposals and events as reported in Deloitte IAS Plus publications. These newsletters are published at the time of release of new and revised Standards and Interpretations, Exposure Drafts and discussion documents, including summaries of the documents and considerations of the principal amendments/proposals.

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IASB issues amendment to defer effective date of IFRS 15

This edition outlines the recent amendment Effective Date of IFRS 15 to IFRS 15 Revenue from Contracts with Customers which was issued in September 2015...

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15 September 2015

IASB proposes to defer effective date of amendment "Sale or Contribution of Assets between an Investor and its Associate or Joint Venture"

This edition outlines the proposed amendments to IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures set out in ED/2015/7 Effective Date of Amendments to IFRS 10 and IAS 28, which was issued in August 2015 for public comment...

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9 September 2015

IASB issues work plan update

This edition outlines the proposed clarifications to IFRS 15 Revenue from Contracts with Customers set out in the recent exposure draft ED/2015/6 Clarifications to IFRS 15 (the “ED”) which was issued in July 2015 for public comment...

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9 September 2015

IASB issues work plan update

Following its June meeting, the IASB has updated its work plan. The revised plan announces the expected issuance of an exposure draft (ED) on eliminations of gains arising from 'downstream' transactions in the third quarter of 2015...

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7 July 2015

IASB proposes amendments to IAS 19 and IFRIC 14 to clarify two issues

The IASB proposes amendments to IAS 19 and IFRIC 14.The IASB did not propose an effective date for the proposed amendments. However, early application is proposed to be permitted. Comments on the proposals are due by 19 October 2015.

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29 June 2015

IASB issues Exposure Draft for a revised Conceptual Framework

The IASB has published a comprehensive ED containing proposals for areas in which it considers a revision of the Conceptual Framework necessary. At the same time, the IASB published a separate ED that proposes to update references to the Conceptual Framework in existing IFRSs. 

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24 June 2015

IASB issues work plan update

Following its May meeting, the IASB has updated its work plan.

The revised plan adds a new project on « Changes in accounting policies and estimated», moves the Exposure draft to «Clarifications to IFRS 15» and the Draft Interpretation on “Uncertainties in income taxes» back by one quarter and introduces a new format for reporting on the progress in research projects.

19 June 2015

IASB tentatively decides to defer the effective date of IFRS 15 by one year

This edition outlines the 2015 amendments (“the amendments”) to the International Financial Reporting Standard for Small and Medium sized Entities (IFRS for SMEs) issued by the IASB in May 2015.

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5 June 2015

IASB tentatively decides to defer the effective date of IFRS 15 by one year

The IASB tentatively decides to defer the effective date of IFRS 15 to annual reporting periods beginning on or after 1 January 2018, with earlier application permitted.

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14 May 2015

IASB issues work plan update

Most notable changes are delays in the Conceptual Framework project and in the Prin­ci­ples of dis­clo­sure project as well as a new project on Clar­i­fi­ca­tions to IFRS 15.

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31 March 2015

IASB proposes amendments to IAS 1

IASB proposes amendments to IAS 1 to clarify the criteria for the classification of a liability as either current or non-current. Comments on the proposals are due by 10 June 2015. 

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17 February 2015

IASB issues work plan update

After its January meeting, the IASB has updated its work plan. The revised plan moves certain issues from the first quarter to the second quarter of 2015.

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9 February 2015

IASB issues amendments to IAS 1 under the Disclosure Initiative

The following narrow-scope amendments have been made to IAS 1 Presentation of Financial Statements: materiality and aggregation, statement of financial position and statement of profit or loss and other comprehensive income, presentation of items of other comprehensive income (“OCI”), notes... 

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21 January 2015

IASB issues amendments to IAS 1 under the Disclosure Initiative

The following narrow-scope amendments have been made to IAS 1 Presentation of Financial Statements...

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14 January 2015

IAS issues amendments to IFRS 10, IFRS 12 and IAS 28 related to the application of the investment entities exceptions

The exemption from preparing consolidated financial statements for an intermediate parent entity is available to a parent entity that is a subsidiary of an investment entity, even if that parent entity measures all of its subsidiaries at fair value. Consequential amendments have also been made to the IAS 28 exemption from applying the equity method for entities that are subsidiaries and hold interests in associates and joint ventures.

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14 January 2015

IASB proposes amendments to IAS 7 Statement of Cash Flows under the Disclosure Initiative

The Exposure Draft (“ED”) proposes amendments to IAS 7 Statement of Cash Flows to improve information provided to users of financial statements about an entity’s financing activities and liquidity. 

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14 January 2015

Closing Out 2014

In this special edition of IFRS news, we set out financial reporting issues that may be relevant for years ending on or after 31 December 2014 as a result of areas of regulatory focus, the current economic environment or changes in accounting Standards.

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14 January 2015
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