News

IFRS Foundation issues first chapter of fair value measurement educational material

The IFRS Foundation issued the first chapter of educational material to accompany IFRS 13 Fair Value Measurement. This chapter covers the application of the principles in IFRS 13 when measuring the fair value of unquoted equity instruments within the scope of IFRS 9 Financial Instruments. Educational material is developed and published by the IFRS Foundation Education Initiative to assist in the consistent ...

OIC comments on IFRS Foundation Proposal to establish an Accounting Standards Advisory Forum

The OIC comment letter on IFRS Foundation Proposal to establish an Accounting Standards Advisory Forum is now available. Please find the document herewith attached.

OIC and EFRAG issue the Feedback Statement ‘Accounting for Business Combinations under Common Control’

The OIC and the EFRAG have published today the Feedback Statement ‘Accounting for Business Combinations under Common Control’. The Feedback Statement has been prepared for constituents to consider the analysis of comment letters received, together with EFRAG’s and OIC’s responses to the issues raised by respondents and the way they have decided to further develop the project. OIC and EFRAG have finalised...

Disclosure survey launched

The staff of the IASB launched a survey on disclosures. It is directed at preparers and users and others interested in or affected by disclosure requirements. It is aimed at assisting the IASB to gain a clearer picture on the perceived “disclosure problem” in advance of the IASB’s forthcoming public Discussion Forum on that matter, that will take place on 28 January 2013 in London. The survey...

Reminder: Draft of the national accounting standard “Transition to National Accounting Standards” open for public comments

On 30 October 2012 the draft of the national accounting standard “Transition to National Accounting Standards” was issued for public consultation. You are kindly invited to send any comments preferably by 31 December 2012 to the e-mail staffoic@fondazioneoic.it or by fax at 0039 06.69766830. Please find the document herewith attached.

IASB issues ED Proposed Amendment to IFRS 11 Acquisition of an Interest in a Joint Operation

The IASB published for public comment an Exposure Draft of a proposed narrow-scope amendment to IFRS 11 Joint Arrangements: Acquisition of an Interest in a Joint Operation. The document will be open for comment until 23 April 2013. Please find the press release herewith...

IASB issues ED Proposed Amendment to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture

The IASB published for public comment an Exposure Draft of proposed narrow-scope amendments to IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures (2011): Sale or Contribution of Assets between an Investor and its Associate or Joint Venture. The document will be open for comment until 23 April 2013. Please find the press release herewith...

The third set of national accounting standards issued for public comments

We are pleased to inform you about the launch of the consultation on the third set of national accounting standards, as part of the project of their updating. In May 2010 the project was launched with to address the need to take into account the developments in accounting that have occurred since their last revision. The OIC aims to improve the structure of national accounting standards in order to make them easier...