IFRS news - February 2017
This issue of IFRS news looks at accepting IFRS 17, IFRS 15 Mole - accounting for free gifts, substitution rights and more.
The IASB is the independent standard-setting body of the IFRS Foundation responsible for the development and publication of IFRSs and for approving Interpretations of IFRSs as developed by the IFRS Interpretations Committee.
Four IASB Members discuss messages they have heard from stakeholders about IFRS 16 implementation over the last year and offer advice to companies implementing the new Standard.
The International Accounting Standards Board (the Board) has published proposed amendments to three Standards for public consultation as part of its annual improvements process.
The IFRS posted a recap of the new IFRS® Standards on revenue and financial instruments (which companies have to start applying in 2018) and the educational materials available to help with the implementation.
The International Accounting Standards Board (The Board) has issued several amendments to IFRS Standards and an Interpretation that clarifies the requirements in particular Standards. These changes are part of the Board’s process to maintain IFRS Standards.
The International Accounting Standards Board (the Board), which sets IFRS Standards required in more than 120 countries, has published the conclusions from its recent Agenda Consultation and its five-year work plan.
The European Securities and Markets Authority (ESMA) and the IFRS Foundation announced and updated set of protocols under which the two organisations will deepen their cooperation on the development of IFRS Standards and support for their consistent application across the European Union.
The IASB issued amendments to its existing insurance contracts Standard, IFRS 4. The amendments address concerns arising from implementing the new financial instruments Standard, IFRS 9, before implementing the replacement Standard that the Board is developing for IFRS 4. These concerns include temporary volatility in reported results. The amendments introduce two approaches: an overlay approach and a deferral approach.
This issue of IASB Update summarizes the meeting of the IASB's meeting on Wednesday, January 18, 2017 at the IFRS Foundation's offices in London, UK.
The IASB met on December 13 and 14, 2016 at the IFRS Foundation's offices in London, UK.
The IASB met on November 14 to 16, 2016 at the IFRS Foundation's offices in London, UK.
The IASB met in public from October 18 and 19, 2016 at the IFRS Foundation's offices in London, UK.