IFRS News

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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.

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IASB publishes exposure draft addressing transfers of investment property

This edition outlines the proposed amendment to IAS 40 Investment Property set out in the recent exposure draft ED/2015/9 Transfers of Investment Property (“the ED”) which was issued in November 2015 for public comment.

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November 24, 2015

IASB issues exposure draft: Annual Improvements to IFRSs 2014-2016 Cycle

This edition outlines the proposals set out in the recent exposure draft ED/2015/10 Annual Improvements to IFRSs 2014-2016 Cycle (the “exposure draft”) which was published by the IASB in November 2015 for public comment. 

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November 24, 2015

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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September 15, 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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September 09, 2015

IASB proposes clarifications to IFRS 15

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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September 09, 2015

IASB issues work plan update

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

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July 07, 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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June 24, 2015

IASB issues 2015 Amendments to the IFRS for SMEs

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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June 05, 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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May 14, 2015

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. 

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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.

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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).

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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...

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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.

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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.

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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.

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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.

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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. 

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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.

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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. 

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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.

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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. 

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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.

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June 04, 2014

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