IFRS News

Article

IFRS News

Published as soon as developments are announced, IFRS news is a brief news letter outlining the amendments, additions and deletions to IFRS and tracks 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 consideration of the principal amendments/proposals.

Registered site users may subscribe to be alerted when new issues of the IFRS news are published. Log in and go to the My Alerts section of your account page and select "IFRS news" from the alerts list. If you are a new user, please first fill out the registration form.

IASB issues work plan update for September

The revised plan updates the expected redeliberation periods in the amendments to IAS 1 and recognition of deferred tax assets for unrealised losses projects, as well as noting the extension for the expected timing of the exposure draft in the conceptual framework and liabilities projects. 

Learn more...

October 07, 2014

ASB issues Annual Improvements to IFRSs: 2012-2014

This edition outlines the recent amendments to four International Financial Reporting Standards (IFRSs) under the annual improvement process.

Learn more...

September 30, 2014

IASB publishes discussion paper on rate regulation

This edition summarises the discussion paper DP/2014/2 entitled Reporting the Financial Effects of Rate Regulation (‘the discussion paper’) issued by the International Accounting Standards Board (IASB).

Learn more...

September 25, 2014

IASB proposes amendments to clarify the unit of account and measurement of quoted investments in subsidiaries

The proposed amendments would clarify that the unit of account of investments in subsidiaries, joint ventures or associates is the investment as a whole; however...

Learn more...

September 25, 2014

IASB work plan update for March 2014

This edition outlines the recent amendments to the accounting under IFRS 10 Consolidated Financial Statements and IAS 28(2011) Investments in Associates and Joint Ventures for sales or contributions of assets between an investor and its joint venture or associate.

Learn more...

September 16, 2014

IASB proposes amendments to IAS 12

IASB proposes amendments to IAS 12 to clarify the recognition of deferred tax assets for unrealised losses related to debt instruments measured at fair value.

Learn more...

September 02, 2014

IFRS Foundation publishes update on leases project

The IFRS Foundation staff has published a document setting out the key tentative decisions reached on the leases project during the first half of 2014. The document also explains the IASB’s reasons for reaching those tentative decisions and explains the remaining work to be done in completing the project.

Learn more...

September 02, 2014

IASB issues amendments to IAS 27 to allow the use of the equity method in separate financial statements

Following its July meeting, the International Accounting Standards Board (IASB) has again updated its work plan.

Learn more...

September 02, 2014

04 August 2014, IASB issues second work plan update for July 2014

Following its July meeting, the International Accounting Standards Board (IASB) has again updated its work plan. The revised plan updates the expected redeliberation periods in the insurance contacts, leases and IFRS for SMEs projects, and extends the expected timing for the exposure draft in the conceptual framework project. 

Learn more...

August 04, 2014

IASB finalises IFRS 9

IASB finalises IFRS 9 which changes the classification and measurement of financial assets and introduces an expected loss impairment model.

Learn more...

July 30, 2014

IASB work plan update for July 2014

Following the issuance of IFRS 9 'Financial instruments', the International Accounting Standards Board (IASB) has updated its work plan. In the updated work plan, the completed projects on impairment and limited reconsideration of IFRS 9 have been removed. 

Learn more...

July 24, 2014

IASB proposes amendments to IFRS 10 and IAS 28 related to the implementation of the investment entities exemption

This edition outlines the proposed amendments to IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures set out in the recent exposure draft (the “ED”) which was issued in June 2014 for public comment.

Learn more...

June 24, 2014

IASB work plan update for May 2014

Following its recent meeting and the issue of IFRS 15 'Revenue from Contracts with Customers', the International Accounting Standards Board (IASB) has updated its work plan. A final pronouncement in the narrow scope project on 'Sales or contributions of assets between an investor and its associate/joint venture’ is now expected in Q3 2014 instead of Q2 2014. 

Learn more...

June 24, 2014

IASB issues new Standard on revenue recognition

The Standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. It supersedes current revenue recognition guidance including IAS 18 Revenue, IAS 11 Construction Contracts and related Interpretations.

Learn more...

June 04, 2014

Did you find this useful?