IFRS news - May 2013

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IFRS news 05/06/2013 by Assurance services
IFRS news - May 2013

At a glance

PwC's monthly report shedding light on the IASB's activities. This edition looks at (1) integrated reporting - IIRC publishes consultation draft, (2) levies - IC to issue interpretation on accounting for levies, (3) insurers face change - update on the insurance contract, (4) recent activity at the IASB on ED on interim standard for regulatory deferral accounts, new Chairman of FASB, EU endorsement of amendments to IFRS 10, 11 and 12, and (5) know your IFRS 'ABC': ‘F’ for fair value.

PwC's monthly report shedding light on the IASB's activities. The May 2013 edition looks at:

  • Integrated reporting - IIRC publishes consultation draft
    Jessica Fries, PwC's Integrated Reporting Leader, looks at the proposals and next steps
  • Levies - IC to issue interpretation on accounting for levies
    Ariane Amiot from PwC Global ACS discusses the potential effects
  • Insurers face change - update on the Insurance Contract  
    Bob Owel of PwC Global ACS highlights some of the key accounting challenges
  • Cannon Street Press
    Summary of recent activity at the Board. This month:
    - ED on interim standard for regulatory deferral accounts
    - New Chairman of FASB
    - EU endorses amendments to IFRS 10, 11 and 12
  • Questions and answers
    Know your IFRS 'ABC'. This month: ‘F’ for fair value