News

OIC, the National Standard Setters ANC, ASCG, FRC and EFRAG invite companies to participate in a field-test on the new IFRS 9

OIC, the National Standard Setters ANC, ASCG, FRC and EFRAG invite companies to participate in a field-test on how the transition from IAS 39 to the new IFRS 9 requirements will affect classification and measurement of financial assets. In November 2012, the IASB issued the Exposure Draft (ED) Classification and Measurement: Limited Amendments to IFRS 9 to propose changes in the classification and...

IASB issues ED Novation of derivatives and continuation of hedge accounting – Proposed Amendments to IAS 39 and IFRS 9

The IASB published for public comment an Exposure Draft Novation of derivatives and continuation of hedge accounting – Proposed Amendments to IAS 39 and IFRS 9. The document will be open for comment until 2 April 2013. Please find the press release herewith...

OIC comments on EFRAG draft comment letter on IASB Impact of the Review Draft general hedge accounting on macro hedge accounting

The OIC comment letter on EFRAG draft comment letter on IASB Impact of the Review Draft general hedge accounting on macro hedge accounting is now available. Please find the document herewith attached.

Newsletter on the Conceptual Framework project issued

On 6 February 2013, the European Financial Reporting Advisory Group (EFRAG), the French Autorité des Normes Comptables (ANC), the Accounting Standards Committee of Germany (ASCG), the Organismo Italiano di Contabilità (OIC) and the UK Financial Reporting Council (FRC) issued their strategy for work on the Conceptual Framework of the IASB. In order to best keep you informed of the debate developments with the IASB...

Draft OIC 24 Intangible Assets 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 24 Intangible Assets, 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...

OIC 8 Le quote di emissione di gas ad effetto serra published

The national accounting standard OIC 8 Le quote di emissione di gas ad effetto serra published The Executive Committee of the OIC approved the final version of the national accounting standard OIC 8 Le quote di emissione di gas ad effetto serra. The accounting standard deals with the accounting treatment of grey certificates by the entity that owns industrial plants that produce greenhouse gases, and those...

OIC 7 I certificati verdi published

The national accounting standard OIC 7 I certificati verdi has been published The Executive Committee of the OIC approved the final version of the national accounting standard OIC 7 I certificati verdi. The accounting standard deals with the accounting treatment of green certificates by the producer/importer of electricity from non renewable sources, producer of electricity from renewable sources and by the...

EFRAG and the National Standard Setters of France, Germany, Italy and the UK publish their strategy on the revision of the IFRS Conceptual Framework

EFRAG and the National Standard Setters of France, Germany, Italy and the UK publish their strategy on the revision of the IFRS Conceptual Framework EFRAG and the National Standard Setters of France (ANC), Germany (ASCG), Italy (OIC) and the UK (FRC) are collaborating to investigate aspects of the Conceptual Framework they believe are particularly significant to European constituents. The aim of this is to...