IFRS news - November 2012

IFRS news 11/06/2012 by Assurance services

PwC's monthly report shedding light on the IASB's activities. The November 2012 edition looks at:

  • IASB exemption from consolidating investment entities
    Many funds and similar entities will be exempted from consolidating controlled investees under amendments to IFRS 10.
  • Viewpoint - are you truly happy with your accounting framework?
    PwC partner Peter Holgate gives a personal view of criticisms of IFRS.
  • Cannon Street Press
    Summary of recent activity at the Board. This month:
    - Revenue update
    - Insurance contracts – proposal re-exposed
    - IFRS Foundation response to SEC 'work plan'
  • Questions and answers
    Know your IFRS 'ABC' with our new questions-and-answers series. This month: A is for 'associates'.