News

IASB consults on the Discussion Paper Financial Instruments with Characteristics of Equity

The IASB has published for public comment a Discussion Paper on how companies issuing financial instruments should classify them in their financial statements. The Discussion Paper Financial Instruments with Characteristics of Equity is open for comments until 7 January 2019. A Snapshot, providing a top line summary of the document, is also...

Representatives of the FASB and the OIC met in Norwalk

Representatives of the Financial Accounting Standards Board (FASB) and the OIC met on 21 June 2018 in Norwalk, Connecticut. OIC Board Member Gianmario Crescentino and FASB Members R. Harold Schroeder and Marsha Hunt participated in the meeting, joined by members of the OIC and FASB staffs. At this meeting, the FASB and the OIC both provided updates on their respective activities. They exchanged views on...

IFRS Foundation consults on narrow-scope changes to its Constitution

The Trustees of the IFRS Foundation have proposed narrow-scope changes to the IFRS Foundation’s Constitution to increase the maximum tenure of the Trustee Chair and Vice-Chairs. The proposed amendments are set out in the Exposure Draft Amending the Terms of Appointment for the IFRS Foundation Trustee Chair and Vice Chairs and published for public consultation. Comments can be submitted and the deadline is 17...

OIC comments on EFRAG Discussion Paper Equity Instruments – Impairment and recycling

The OIC comment letter on EFRAG Discussion Paper Equity Instruments – Impairment and recycling is now available. Please find the document herewith attached.

OIC comments on EFRAG Research agenda consultation: looking into the future

The OIC comment letter on EFRAG Research agenda consultation: looking into the future is now available. Please find the document herewith attached.

OIC comments on IFRS Interpretations Committee tentative agenda decisions – March 2018

The OIC comment letter on IFRS Interpretation Committee tentative agenda decisions of March 2018 is now available. Please find the document herewith attached.

EFRAG and the OIC sponsor high-level panel discussion at the 41st EAA congress in Milan

​EFRAG and the Italian standard setter OIC are sponsoring a symposium on consistency in reporting under different business models as part of the European Accounting Association’s (EAA) 41st Annual Congress. The congress takes place from 30 May – 1 June in Milan. Angelo Casò, Chairman OIC and EFRAG Board member will moderate a high-level panel comprising: - Luca Cencioni, OIC Board member and EFRAG...

OIC comments on EFRAG DEA on IASB Plan Amendment, Curtailment or Settlement (Amendments to IAS 19)

The OIC comment letter on EFRAG draft endorsement advice on IASB Plan Amendment, Curtailment or Settlement (Amendments to IAS 19) is now available. Please find the document herewith attached.