Category Archives: IFRS Updates

‘Mind the Gap (Between non-GAAP and GAAP)'(Speech by Hans Hoogervorst)

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Hans Hoogervorst, Chairman of the International Accounting Standards Board (IASB), spoke in Seoul, Korea, about potential challenges linked to companies’ reporting non-GAAP measures. See the full press release and speech: http://www.ifrs.org/Alerts/Conference/Pages/Hans-Hoogervorst-speech-Mind-the-GAP-March-2015.aspx Did you listen to the speech. If so; what are your thoughts.

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IASB Investor Update and Q&A with Dick Sluimers

The IFRS foundation has released: Issue 5 of the IASB Investor Update and Q&A with Dick Sluimers, CEO of APG Group and a Trustee of the IFRS Foundation. Follow to see The Investor Update: http://www.ifrs.org/Updates/Investor-Updates/Pages/Home.aspx   Follow to see an interview with DickSluimers(an IFRS Foundation Trustee) on the merits of joining the Investors in Financial Reporting programme and contributing to

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Summary of the Model for Insurance Contracts without Participation Features

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The IASB’s summary of the model for insurance contracts without participation features is now available. http://www.ifrs.org/Current-Projects/IASB-Projects/Insurance-Contracts/Documents/2015/Insurance-Contracts-without-Participation-Features-March-2015.pdf In addition, the following has been updated on the Insurance Contracts project website: Insurance Contracts: Project Overview (Summary of the progress to date) http://www.ifrs.org/Current-Projects/IASB-Projects/Insurance-Contracts/Documents/2015/High%20level%20project%20update.pdf Due Process Overview (Key Due Process steps undertaken to date) http://www.ifrs.org/Current-Projects/IASB-Projects/Insurance-Contracts/Documents/2015/20150312%20-%20Due%20Process%20overview.pdf Due Process Steps (As per the IASB: “[This] shows how the IASB

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Speech by Hans Hoogervorst: ‘Bad accounting breeds bad policies’

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Hans Hoogervorst, Chairman of the International Accounting Standards Board (IASB) said in a speech in Edinburgh, Scotland; everybody is best served by accounting that reflects the economic reality, even if it makes for uncomfortable reading.   He also said ‘Bad accounting breeds bad policies‘.   Follow for the press release and speech. http://www.ifrs.org/Alerts/Conference/Pages/Speech-by-Bad-accounting-breeds-bad-policies-March-2015.aspx     What do you think of

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IASB Research Projects Update

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The IASB discussed the following elements of the Research Projects in their February meeting: ·         Disclosure Initiative ·         Business Combinations All of the agenda papers presented by the staff are available as follows: http://www.ifrs.org/Meetings/Pages/IASB-Meeting-February-2015.aspx The next meeting is to be held on March the 17th to 19th 2015. Follow to see the agenda papers: http://www.ifrs.org/Meetings/Pages/IASB-Meeting-March-2015.aspx Do you have any relevant

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The IFRS Foundation publishes the IFRS Taxonomy 2015

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The IFRS issued the IFRS Taxonomy 2015 today, which is is consistent with IFRS as issued by the International Accounting Standards Board (IASB) at 1 January 2015 which included including Standards issued but not yet effective at that date. Follow for the full news story: http://www.ifrs.org/Alerts/XBRL/Pages/The-IFRS-Foundation-publishes-the-IFRS-Taxonomy-2015-.aspx Note: The IFRS Taxonomy Team announced that they will be holding a IFRS Taxonomy

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New IFRS French Translations Available Online

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The IFRS Foundation is pleased to announce New French translations for Investment Entities: Applying the Consolidation Exception (Amendments to IFRS 10, IFRS 12 and IAS 28)and Disclosure Initiative (Amendments to IAS 1). eIFRS Professional/eIFRS Comprehensive subscribers can access theses translations from the following: http://eifrs.ifrs.org/eifrs/PDFArchive?categoryId=469&sidebarCategoryId=1 The French translation of the Exposure Draft Classification of Liabilities (Proposed Amendments to IAS 1), can

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Forthcoming IFRS Publication Alert

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The IFRS Foundation is pleased to announce that the IFRS Taxonomy 2015 publication is expected to be issued on March the 11th. This is provided by the IFRS Foundation’s to address the demand for an electronic standard to transmit IFRS financial information.. Click here for more information as to when the IFRS Taxonomy 2015 will be available http://www.ifrs.org/XBRL/Pages/XBRL.aspx Will you

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