News

Commission Regulation (EU) No 1174/2013 adopts Investment Entities (Amendments to IFRS 10, 12, and to IAS 27)

The Commission Regulation (EU) No 1174/2013 of 20 November 2013, published in the Official Journal of the European Union L 312 on 21 November 2013, adopts Investment Entities (Amendments to International Financial Reporting Standards 10, 12, and to IAS 27). IFRS 10 Consolidated Financial Statements has been amended in order to better reflect the business model of investment entities. It requires that investment...

IASB issues Defined Benefit Plans: Employee Contributions (Amendments to IAS 19)

The IASB published narrow scope amendments to IAS 19 Employee Benefits entitled Defined Benefit Plans: Employee Contributions (Amendments to IAS 19). Please find herewith attached the press release.

IASB issues IFRS 9 Financial Instruments with the part on Hedge Accounting and other amendments

The IASB announced the completion of a package of amendments to the accounting requirements for financial instruments, that includes also the part on hedge accounting and the removal of the 1 January 2015 as mandatory effective date of IFRS 9. Please find herewith attached the press release.

Draft OIC 17 Consolidated Financial Statement and equity method issued for public comments

We are pleased to inform you about the launch of the consultation on the draft of the national accounting standard OIC 17 Consolidated Financial Statement and equity method, as part of the project of their updating. The OIC aims to improve the structure of national accounting standards in order to make them easier to read and at the same time to facilitate updates and amendments that will be necessary in the...

OIC comments on the ED Agriculture: Bearer Plants (Proposed amendments to IAS 16 and IAS 41)

The OIC comment letter on IASB ED Agriculture: Bearer Plants is now available. Please find the document herewith attached.

OIC comments on the ESMA consultation Paper – Guidelines on enforcement of financial information

The OIC comment letter on ESMA consultation Paper – Guidelines on enforcement of financial information is now available. Please find the document herewith attached.

IASB issues the ED Proposed Amendments to IFRS for SMEs

The IASB published for public comment an ED of proposed amendments to the IFRS for SMEs, which it developed based on its initial comprehensive review of the IFRS for SMEs. Most of the proposed amendments clarify existing requirements or add supporting guidance, rather than propose changes to the underlying requirements in the IFRS for SMEs. The ED is open for comments until 3 March 2014. Please find herewith...

OIC comments on the EFRAG draft comment letter on the IASB ED Leases

The OIC comment letter on EFRAG draft comment letter on IASB ED Leases is now available. Please find the document herewith attached.