IFRS news - December 2012/January 2013

IFRS news 12/20/2012 by Assurance services

PwC's monthly report shedding light on the IASB's activities. The December 2012/January 2013 edition looks at:

  • Making headway on financial instruments
    The IFRS 9 project continues towards completion, although convergence with the FASB is only expected in certain areas.
  • Boards make progress on revenue
    The IASB and FASB make decisions on key aspects of the proposals
  • IAS 19 and discount rates
    IFRS Interpretations Committee debates definition of 'high quality'
  • Impairment of non-financial assets
    Goodwill and non-current assets are on the regulatory radar
  • Cannon Street press
    Summary of recent activity at the Board. This month:
    - Agenda consultation
    -     Rate regulated activities
    - Narrow scope amendments - exposure drafts
    -     Annual improvements exposure draft
    - Acquisitions of interests in  joint operations