News

European Commission consults on EU framework for public reporting by companies

The European Commission (EC) has published a consultation document ‘Fitness Check on the EU Framework for Public Reporting by Companies‘ , with the aim to assess whether the EU reporting framework is still fit for purpose and for new challenges (such as sustainability and digitalisation). Comments are requested by 21 July 2018. For further information, please refer to the EC...

OIC pubblica la newsletter di febbraio

Si pubblica la Newsletter di febbraio che fornisce un’informativa sulle novità che attengono alla materia contabile. Nella presente Newsletter è contenuta una bozza di risposta ad una richiesta di chiarimento in merito a fatti successivi che devono essere recepiti in bilancio. Si prega di fornire eventuali osservazioni su tale bozza di risposta entro il 19 aprile 2018 al seguente indirizzo e-mail...

Commission Regulation (EU) No 2018/400 adopts Amendments to IAS 40 Investment Property

The Commission Regulation (EU) No 2018/400 of 14 March 2018, published in the Official Journal of the European Union L 72 on 15 March 2018, adopts Amendments to IAS 40 Investment Property – Transfers of Investment Property. The amendments clarify when a company is allowed to reclassify a property to (or from) the ‘investment property’ category. Each company shall apply the standard, at the latest, as from the...

IASB invites applications for membership of Management Commentary Consultative Group

IASB is seeking participants for a new consultative group that will advise the Board on its project to update IFRS Practice Statement 1 Management Commentary. The deadline for applications is 20 April 2018. For further information please refer to IASB...

EFRAG issues discussion paper Equity Instruments – Impairment and recycling

EFRAG has published the Discussion Paper “Equity Instruments – Impairment and recycling” to gather constituents” views on recycling and impairment of equity instruments designated at fair value through other comprehensive income to develop its technical advice to the European Commission. The EC asked EFRAG to provide advice on whether and how the requirements in IFRS 9 on accounting for...

Commission Regulation (EU) No 2018/289 adopts Amendments to IFRS 2 Share-based Payment

The Commission Regulation (EU) No 2018/289 of 26 February 2018, published in the Official Journal of the European Union L 55 on 27 February 2018, adopts amendments to IFRS 2 Share-based Payment. The amendments aim to clarify how companies should apply the standard in some specific instances. Each company shall apply the amendments, at the latest, as from the commencement date of its first financial year starting on...

EFRAG issues IFRS 17 background briefing paper on level of aggregation

​EFRAG issues a background briefing paper on the level of aggregation requirements of IFRS 17  Insurance Contracts. Constituents that wish to comment can do so before 30 April 2018. It is the first of three background briefing papers on the requirements of IFRS 17. This paper considers the level of aggregation requirements of IFRS 17. Other background briefing papers will address i) Release of the contractual...

OIC comments on EFRAG draft endorsement advice on IASB Annual Improvements to IFRS Standards 2015-2017 Cycle

The OIC comment letter on EFRAG draft endorsement advice on IASB Annual Improvements to IFRS Standards 2015-2017 Cycle is now available. Please find the document herewith attached.