News

IASB issues Practice Statement Making Materiality Judgements

The IASB has issued the guidance “IFRS Practice Statement 2 Making Materiality Judgements” on how to make materiality judgements. The Practice Statement gathers all the materiality requirements in IFRS Standards and adds practical guidance and examples companies may find helpful in deciding whether information is material. The Practice Statement is not mandatory and neither changes requirements nor...

OIC comments on EFRAG draft comment letter on IASB DP Disclosure Initiative – Principles of Disclosure

The OIC comment letter on EFRAG draft comment letter on IASB DP Disclosure Initiative – Principles of Disclosure is now available. Please find the document herewith attached.

IASB issues ED Accounting Policies and Accounting Estimates (Proposed amendments to IAS 8)

The IASB has published for public consultation proposed narrow-scope amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. The purpose of the proposed amendments is to help companies distinguish accounting policies from accounting estimates. The ED Accounting Policies and Accounting Estimates (Proposed amendments to IAS 8) is open for comment until 15 January...

EFRAG/EFFAS/IASB/AIAF/OIC joint user event on Better Communication, Goodwill and Insurance Contracts

EFRAG, EFFAS, IASB, AIAF and OIC organise a joint user event on the IASB Discussion Paper Disclosure Initiative – Principles of Disclosure, the EFRAG Discussion Paper Goodwill Impairment Test: Can it be improved? and IFRS 17 Insurance Contracts on Monday 18 September 2017 (from 11.00 to 18.00 hrs CET) at the Sala Convegni Intesa Sanpaolo in Milan. The event is primarily directed at investors and analysts....

OIC pubblica questionario per raccogliere input sull’IFRS 13

Lo IASB, ai fini del completamento della seconda fase della post-implementation review (PIR) dell’IFRS 13, ha pubblicato una Request for Information per ottenere feedback sulle tematiche che gli stakeholder hanno individuato come più critiche nella prima fase del PIR. L’EFRAG a sua volta ha predisposto due questionari sull’argomento. L’OIC, nella sua veste di National Standard Setter,...

Reminder per rispondere al questionario OIC per la raccolta di problemi applicativi in tema di ricavi

L’ Organismo Italiano Contabilità (di seguito OIC), nell’ambito del lavoro di aggiornamento dei principi contabili svolto in osservanza dell’art. 12 del D.Lgs. 139/2015, ha deciso di lanciare un questionario lo scorso 1 giugno 2017 in cui vengono poste domande che hanno l’obiettivo di aiutare l’OIC stesso a decidere se e come procedere alla predisposizione di uno specifico principio contabile sui...

OIC Comments on IFRS Interpretations Committee tentative agenda decisions – June 2017

The OIC comment letter on IFRS Interpretation Committee tentative agenda decisions of June 2017 is now available. Please find the document herewith attached.

Save the date – EFRAG and OIC joint Stakeholders event – 9 October 2017

The EFRAG and the OIC invite you to participate in a joint stakeholders event addressing Impact-analysis and Better Communication in Financial Reporting on 9 October 2017 in Rome. Panels of EFRAG Board members, OIC Board members and Italian Stakeholders will share their views on these topics. A representative of the IASB, Françoise Flores, will make a key-note speech. The programme will be issued in due...