News

Representatives of the OIC and the Accounting Standards Board of Japan Hold Meeting in Tokyo

Representatives of the and the Accounting Standards Board of Japan (ASBJ) met on 6 February 2017 in Tokyo, Japan. This meeting was the first meeting between the OIC and the ASBJ. At this meeting, the OIC and the ASBJ both provided updates on their respective activities and exchanged views on the opportunities for cooperation. As for the technical topics, the OIC and the ASBJ discussed respective views on the...

IASB consults on clarifications to IFRS Standards

The IASB published proposed amendments to three Standards for public consultation as part of its annual improvements process. The document, ED Annual Improvements to IFRS Standards 2015–2017 Cycle,  contains proposed amendments to IAS 12 Income Taxes, IAS 23 Borrowing Costs and IAS 28 Investments in Associates and Joint Ventures. The deadline for comments is 12 April...

Summary report on the Joint Investor Outreach Event in Milan on IFRS 16 Leases and Amendments to IFRS 4 Insurance Contracts

EFRAG together with the Associazione Italiana degli Analisti e Consulenti Finanziari (AIAF), European Federation of Financial Analysts Societies (EFFAS) and Organismo Italiano di Contabilità (OIC) organised an investor outreach event in Milan on 29 November 2016 covering the amendments to IFRS 4 Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (“the Amendments to IFRS 4”) and IFRS 16...

OIC pubblica i principi contabili nazionali aggiornati

L’OIC pubblica i Principi contabili, aggiornati a seguito delle novità introdotte dal D.Lgs. 139/2015, che recepisce la Direttiva contabile 34/2013/UE   Con la pubblicazione del Decreto Legislativo 18 agosto 2015, n. 139 sulla Gazzetta Ufficiale del 4 settembre 2015 si è completato l’iter di recepimento della direttiva 34/2013/UE. Tale decreto ha aggiornato la disciplina del codice civile in merito...

IASB issues minor changes to IFRS Standards

The IASB has  issued several amendments to IFRS Standards and an Interpretation that clarifies the requirements in particular Standards. In particular: - Annual Improvements to IFRS Standards 2014-2016 Cycle, that amend IFRS 1, IFRS 12 and IAS 28; - IFRIC Interpretation 22 Foreign Currency Transactions and Advance Considerationan. It is effective 1 January 2018; and - Amendments to IAS 40 Investment Property:...

OIC comments on EFRAG Preliminary Consultation Document regarding the endorsement of IFRS 16 Leases

The OIC comment letter on EFRAG Preliminary Consultation Document regarding the endorsement of IFRS 16 Leases is now available. Please find the document herewith attached.

OIC comments on EFRAG draft endorsement advice on IASB Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts: Amendments to IFRS 4

The OIC comment letter on EFRAG draft endorsement advice on IASB Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts: Amendments to IFRS 4 is now available. Please find the document herewith attached.

IFRS Foundation Trustees issue changes to the Constitution

The Trustees of the IFRS Foundation have amended the organisation’s Constitution. The main changes are: - a reduction in the number of Board members from 16 to 14, which is the number of members the Board has been operating with for a while; - amendments to the geographical distribution of Board members and Trustees; and - amendments to Board members’ and Trustees’ professional background requirements. The...