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.
Website: www.ifrs.org
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This edition discusses disclosures required in interim financial statements on the initial adoption of IFRS 15 and IFRS 9, IAS 29 becoming applicable in Argentina, and more.
This issue discusses amendments to IFRS 17 on the IASB Board agenda.
The IASB has revised its Conceptual Framework. This will not result in any immediate change to IFRS, but the Board and Interpretations Committee will use the revised Framework in setting future standards.
Our guide provides an understanding of the differences between IFRS and US GAAP, as well as insight into future changes.
Don't let financial reporting differences affect perspectives on cross-border deal value.
This PwC publication includes a map and summarizes which countries have adopted IFRS.
This proposed update includes changes to the IFRS Taxonomy 2018 resulting from the analysis of reporting practice relating to the disclosure requirements in IFRS 13 Fair Value Measurement.
The IFRS Interpretations Committee met and discussed: cloud computing arrangements, deposits related to taxes other than income tax, and, borrowing costs on land, among other topics.
The Accounting Standards Advisory Forum met on July 9-10, and discussed: Financial instruments, goodwill and impairment, accounting for pensions, and more.
The agenda and meeting papers for the IFRS Interpretations Committee meeting on Sept. 11-12, 2018 are now available.
The work plan is updated as of July 20, 2018 and highlights upcoming milestones for the Board's projects.
The Board met and discussed: rate-regulated activities, management commentary, conceptual framework, and more, during their July meeting.
This Update includes an update on IFRS for SMEs Standard modules, a status report on IFRS for SMEs Standard translations, and more.
The Board published for public comment a Discussion Paper on how companies issuing financial instruments should classify them in their financial statements. Comments are requested by Jan. 9, 2019.
The Board discussed the following: segment reporting and disclosure framework among other topics.
On June 19 the IASB held a joint education meeting with the FASB. This was followed on June 20-21 by the monthly IASB meeting.
The Board met on May 22, 2018 and discussed, among other topics: a summary of the results of a survey the staff have conducted on aggregation and disaggregation requirements in different jurisdictions.
The Board met from Mar. 21-22, 2018 and discussed Management Commentary, Rate-regulated Activities and more.
The Board met from Feb. 20-22, 2018 and discussed Primary Financial Statements, Dynamic Risk Management and more.
The Board that met on Jan. 24-25, 2018 discussed Primary Financial Statements, Conceptual Framework and more topics.
The revised Conceptual Framework issued in March 2018 is effective immediately for the International Accounting Standards Board (Board) and the IFRS Interpretations Committee.
The exposure draft proposes minor amendments to IAS 1 and IAS 8 to clarify the definition and improve understanding of the current requirements.
PwC generally supports the revisions to the IASB's conceptual framework, but suggests some clarifications.
PwC agrees with the Committee's decision not to take this item onto its agenda.
Heather Horn
US Strategic Thought Leader, National Professional Services Group, PwC US
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David Schmid
IFRS & US Standard Setting Leader, National Professional Services Group, PwC US
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