News

OIC, the National Standard Setters ANC, ASCG, FRC and EFRAG invite companies to participate in field-testing the proposed new accounting for insurance contracts

On 20 June 2013, the IASB issued the revised Exposure Draft Insurance Contracts (ED) containing proposals on the recognition, measurement, presentation and disclosure of insurance contracts. OIC, National Standard Setters and EFRAG are performing a field-test in order to evaluate how these proposals would affect European companies applying IFRS. This field-test is carried out by OIC with the National Standard...

IASB issues ED Insurance Contracts

The IASB published for public comment a revised ED of proposals for the accounting for Insurance Contracts. The ED builds upon proposals published in 2010, and reflects feedback received during the extensive public consultation period that followed the publication of those proposals. The revised ED is available for comment until 25 October 2013. Please find the press release herewith...

EFRAG reports on the findings of the field-test on how IFRS 9 would affect the classification and measurement of financial assets

EFRAG has issued a field-test report that summarises the findings received from participants in the field-test on how IFRS 9 would affect the classification and measurement of financial assets. In November 2012, the IASB issued the Exposure Draft Classification and Measurement: Limited Amendments to IFRS 9 (the ED) to clarify and propose limited changes to the requirements for classifying and measuring ...

Draft OIC 25 Income Taxes 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 25 Income Taxes, 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 future. The draft accounting standard is...

Feedback statement on the survey carried out with users on IASB ED Leases

OIC have issued the feedback statement on the input received from the survey carried out with users on IASB proposals on leases.

Feedback statement on the questionnaire on subsequent measurement of goodwill

EFRAG and the OIC have issued the feedback statement on the input received from questionnaires on the subsequent measurement of goodwill. On 30 July 2012 EFRAG and the OIC launched a survey on the subsequent measurement of goodwill. Different parts of the questionnaire addressed users of financial statements, standard setters, preparers, auditors and academics respectively. The results of the study indicate...

Fourth issue of the Conceptual Framework newsletter

EFRAG, ANC, ASCG, FRC and OIC have released the fourth issue of their Conceptual Framework newsletter. The fourth issue of the newsletter summarises how the input that the IASB received at the April 2013 meeting of the Accounting Standards Advisory Forum (ASAF) is now reflected in the IASB’s tentative decisions on the Conceptual Framework project. The issues considered in the newsletter...

OIC, the National Standard Setters ANC, ASCG, FRC and EFRAG invite companies to participate in field-testing of the proposed accounting guidance for leases

L’OIC e i National Standard Setters francese (ANC), tedesco (ASCG) e inglese (FRC), insieme all’EFRAG, invitano le imprese a partecipare a una prova sul campo (field-test) avente ad oggetto il nuovo modello di contabilizzazione dei contratti di leasing(right of use model) proposto dallo IASB   Il 16 maggio 2013 lo IASB ha emanato l’Exposure Draft (ED) Leases. Secondo quanto proposto, a tutte le società –...