News

IASB invites comments on proposed amendment to IAS 40 and proposed annual improvements

The IASB published for public comment two Exposure Drafts. The first covers a proposed narrow-scope amendment to the investment property Standard “Transfers of Investment Property (Proposed amendment to IAS 40)“. The proposals are open for public comment until 18 March 2016. The second Exposure Draft published for comment is on the Annual Improvements to IFRSs 2014-2016 Cycle, covering proposed...

EFRAG has published its draft comment letter on Draft IFRIC Interpretation Uncertainty over Income Tax Treatments

EFRAG has published its draft comment letter in response to the Draft IFRIC Interpretation  Uncertainty over Income Tax Treatments and seeks constituents’ views on the proposals. Comments on the draft comment letter and inputs to the request in a separate Appendix are requested by 13 January...

EFRAG’s Draft Comment Letter on the IASB’s Draft Interpretation Foreign Currency Transactions and Advance Consideration

EFRAG has issued its draft comment letter on the IASB’s Draft Interpretation Foreign Currency Transactions and Advance Consideration. EFRAG requests comments by 13 January 2016.

IFRS 9 and IFRS 4: further information related to the endorsement of IFRS 9

As noted in the EFRAG endorsement advice on IFRS 9 Financial Instruments, EFRAG committed to sending an update on the IASB’s progress towards addressing concerns about the impact of the misalignment of the effective dates of IFRS 9 and the forthcoming insurance contracts standard. Comments are requested on the draft letter by noon on 20 November 2015 as the letter will be finalised at the meeting of the EFRAG...

Joint Outreach Event on the Revision to the Conceptual Framework – Programme available

EFRAG, the Italian OIC and the IASB announce a joint outreach event to be held in Rome on Monday 30 November 2015   The objective of this joint outreach event, which is part of a series, is to discuss the proposals in the IASB Exposure Draft Conceptual Framework for Financial Reporting and obtain the views of constituents. The feedback will also be used by the organisations for the purpose of finalising their...

EFRAG’s Comment Letter on the IASB’s ED Clarifications to IFRS 15

EFRAG has issued its comment letter on the IASB’s ED Clarifications to IFRS 15.

EFRAG’s comment letter on the IASB ED Proposed amendments to IAS 19 and IFRIC 14

EFRAG issues its comment letter on the IASB’s ED Remeasurement on a Plan Amendment, Curtailment or Settlement / Availability of a Refund from a Defined Benefit Plan (Proposed amendments to IAS 19 and IFRIC...

Proposed Amendments to the IFRS Taxonomy due process

The Trustees of the IFRS Foundation have published for public comment a proposed enhanced due process for the development and maintenance of the IFRS Taxonomy. The proposed changes entail giving the IASB a role in reviewing and approving the content of the IFRS Taxonomy. Comments are due by 3 February...