News

Save the date – OIC educational event on IFRS 18 and IFRS 19

OIC is organizing an educational event to illustrate the new requirements on Financial Statements presentation and disclosure: IFRS 18 Presentation and Disclosure in Financial Statements and IFRS 19 Subsidiaries without Public Accountability: Disclosures. The event will take place on Thursday, 18 July 2024 from 4.30pm to 7pm CEST in Rome at Luiss Business School – Villa Blanc Via Nomentana, 216. Among...

IASB publishes Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)

IASB has issued “Amendments to the Classification and Measurement of Financial Instruments—Amendments to IFRS 9 and IFRS 7“. These amendments respond to feedback from the 2022 Post-implementation Review of the Accounting Standard and clarify the requirements in areas where stakeholders have raised concerns, or where new issues have emerged since IFRS 9 was issued. The amendments are effective for...

EFRAG finalizes three ESRS Implementation Guidances

EFRAG has finalized its first three ESRS Implementation Guidance documents issued reflecting the outcome of the public feedback: - EFRAG IG Materiality Assessment, - EFRAG IG 2 Value Chain, - EFRAG IG 3 ESRS Datapoints + Accompanying Explanatory...

OIC comments on EFRAG LSME Exposure Draft and VSME Exposure Draft

Si pubblicano i commenti che l’OIC ha inviato all’EFRAG su LSME Exposure Draft e VSME Exposure Draft. Si allega il documento.

Meeting of the Board of Directors on 28 May 2024

A summary of the meeting of the Board of Directors held on 28 May 2024 is now available.  

Commission Regulation (EU) No 2024/1317 of 15 May 2024, Commission Regulation (EU) No 2024/1317 of 15 May 2024 adopts Supplier Finance Arrangement (Amendments to IAS 7 and IFRS 7)

The Commission Regulation (EU) No 2024/1317 of 15 May 2024, published in the Official Journal of the European Union L series on 16 May 2024, adopts “Supplier Finance Arrangement”, that amends IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures. The amendments introduced disclosure requirements about a company’s supplier finance arrangements. Each company shall apply the amendments,...

IASB issues IFRS 19 Subsidiaries without Public Accountability: Disclosures

IASB has issued a new IFRS Accounting Standard for subsidiaries: IFRS 19 Subsidiaries without Public Accountability: Disclosures. The new standard permits eligible subsidiaries to use IFRS Accounting Standards with reduced disclosures.

IASB consults on ED Contracts for Renewable Electricity (Proposed amendments to IFRS 9 and IFRS 7)

IASB has published the Exposure Draft Contracts for Renewable Electricity, proposing narrow-scope amendments to ensure that financial statements more faithfully reflect the effects that renewable electricity contracts have on a company. The proposals amend IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures. The Exposure Draft is open for comments untile 7 August 2024. For further information,...