News

Executive Board Meeting – 13 October 2022

Il Consiglio di Gestione dell’Organismo Italiano di Contabilità (OIC), riunitosi a Roma il 13 ottobre 2022 sotto la presidenza di Angelo Casò, ha approvato le modifiche che dovranno essere riportate nel testo definitivo del principio contabile OIC n. 34 “Ricavi” posto in consultazione nel novembre dello scorso anno. È stato anche deciso di rinviare di un anno, dal primo gennaio 2023 al primo gennaio 2024,...

EFRAG publishes the Discussion Paper on Accounting for Variable Consideration

EFRAG has published a Discussion Paper on Accounting for Variable Consideration. TheDiscussion Paper identifies the accounting issues about variable consideration faced by purchaser entities. Comments are welcome by 31 May 2023. For further information, please refer to the EFRAG...

IASB pubblica modifiche all’IFRS 16 Lease Liability in a Sale and Leaseback

The IASB has  issued “Lease Liability in a Sale and Leaseback“, which amends IFRS 16 Leases, that adds to requirements explaining how a company accounts for a sale and leaseback after the date of the transaction. For futher information, please refer to the IASB...

OIC comments on EFRAG Discussion Paper Better Information on Intangibles – Which is the best way to go?

The OIC comment letter on EFRAG Discussion Paper Better Information on Intangibles – Which is the best way to go? is now available. Please find the document herewith attached.

Commission Regulation (EU) No 2022/1491 of 8 September 2022 adopts amendments to IFRS 17

The Commission Regulation (EU) No 2022/1491 of 8 September 2022, published in the Official Journal of the European Union L 234 on 9 September 2022, adopts amendments to IFRS 17 Insurance contracts. The amendment to the transition requirements in IFRS 17 allows companies to overcome one-time classification differences of comparative information of the previous reporting period upon initial application of IFRS 17...

IASB publishes ED Third Edition of the IFRS for SMEs Accounting Standard

The IASB has published proposals to update the IFRS for SMEs Accounting Standard to reflect improvements made to full IFRS Accounting Standards, while keeping the Standard suitable for small and medium-sized entities. The deadline for comments is 7 March 2023. For further information, please refer to the IASB...

Commission Regulation (EU) No 2022/1392 of 11 August 2022 adopts Amendments to IAS 12

The Commission Regulation (EU) No 2022/1392 of 11 August 2022, published in the Official Journal of the European Union L 211 on 12 August 2022, adopts amendments to IAS 12 Income Taxes. Those amendments clarify how companies are to account for deferred taxes on transactions such as leases and decommissioning obligations and aim to reduce diversity in the reporting of deferred tax assets and liabilities on leases and...

OIC comments on EFRAG Exposure Drafts of drafts of European Sustainability Reporting Standards

OIC comments on EFRAG consultation on Exposure Drafts of drafts of European Sustainability Reporting Standards are now available. Please find also the press release herewith attached.