4 December 2015
EFRAG has published its draft comment letter on the IFRS Foundation’s Invitation to Comment IFRS Taxonomy Due Process and seeks constituents’ views.
Comments on our draft comment letter are requested by 30 January 2016.
3 December 2015
The Commission Regulation (EU) No 2015/2231 of 2 December 2015, published in the Official Journal of the European Union L 317 on 3 December 2015, adopts Amendments to IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets entitled Clarification of Acceptable Methods of Depreciation and Amortisation.
Each company shall apply the amendments, at the latest, as from the commencement date of its first...
1 December 2015
Upon the request of the European Commission, EFRAG has issued a letter to further explain how it has reached the conclusion contained in its endorsement advice that IFRS 9 Financial Instruments is not contrary to the true and fair principle.
30 November 2015
The OIC comment letter on EFRAG draft comment letter on 2015 IASB Agenda Consultation is now available.
Please find the document herewith attached.
27 November 2015
EFRAG has published its draft comment letter in response to the Draft IFRS Practice Statement: Application of Materiality to Financial Statements and seeks constituents’ views on the proposals.
Comments on the draft comment letter and inputs to the questions in it are requested by 15 February...
25 November 2015
The Commission Regulation (EU) No 2015/2173, published in the Official Journal of the European Union L 307 on 25 November 2015, adopts amendments to IFRS 11 Accounting for Acquisitions of Interests in Joint Operations.
The amendments provide new guidance on the accounting treatment of an acquisition of an interest in a joint operation in which the activity of the joint operation constitutes a business.
Each...
24 November 2015
The Commission Regulation (EU) No 2015/2113, published in the Official Journal of the European Union L 306 on 24 November 2015, adopts Amendments to IAS 16 Property, Plant and Equipment and IAS 41 Agriculture entitled Agriculture: Bearer Plants.
The IASB decided that plants, which are used solely to grow produce over several periods, known as bearer plants, should be accounted for in the same way as property,...
23 November 2015
The OIC comment letter on EFRAG draft letter to the European Commission on further information related to the endorsement of IFRS 9 is now available.
Please find the document herewith attached.