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

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

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

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

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

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

The Accounting Standards Advisory Forum meeting is set for March 26-27. This is a public meeting taking place at the IASB office in London. Follow for the Agenda and meeting details: http://www.ifrs.org/Meetings/Pages/ASAF-meeting-March-2015.aspx   The meetings audio recording(Webcast recordings) will be made available shortly after the meeting finishes on the same page as the Agenda and meeting details. Have you attended

Europe celebrates 10 years of the application of IFRS. Philippe Danjou (Member of the IASB, former Director of Accounting Affairs of the AMF) summarizes the results of an IFRS Foundation wide-ranging study in an article entitled ‘The extension of the scope of IFRS’.   Read the article here: http://www.ifrs.org/Features/Documents/Philippe-Danjou-article-Extension-of-scope-of-IFRS-February-2014.pdf     More than 52% of the largest companies in the