News

OIC’s comments on IASB ED Improvements to IFRSs

The OIC’s comment letter on IASB ED Improvements to IFRSs, in reply to EFRAG’s draft comment letter is now available. Please find the document herewith attached.

OIC’s comments on DP EFRAG/ASB Considering the Effects of Accounting Standards

The OIC’s comment letter on EFRAG/ASB DP Considering the Effects of Accounting Standards is now available. Please find the document herewith attached.

OIC’s comments on EFRAG draft endorsement advice on IAS 19 Employee Benefits

The OIC’s comment letter on EFRAG draft endorsement advice on IAS 19 Employee Benefits  is now available. Please find the document herewith attached.

OIC’s comments on draft endorsement advice on Amendments to IAS 1

The OIC’s comment letter on EFRAG draft endorsement advice on Amendments to IAS 1  is now available. Please find the document herewith attached.

IASB issues ED Investment Entities

The IASB published proposals to define investment entities as a separate type of entity that would be exempt from the accounting requirements in IFRS 10 Consolidated Financial Statements. The exposure draft Investment Entities is open for public comment until 5 January 2012. It is available on the IASB website. Please find the press release herewith...

IASB issues ED Mandatory Effective Date of IFRS 9

The IASB published today for public comment an exposure draft of proposals to adjust the mandatory effective date of IFRS 9 Financial Instruments. The exposure draft proposes an effective date of 1 January 2015 (currently 1 January 2013) for IFRS 9. Entities could still elect to use IFRS 9 before 2015. The document is open for comment until 21 October 2011. It is available on the IASB website. Please find the...

OIC’s comments on “Report of the Trustees’ Strategy Review”

The OIC’s comment letter on the Report of the Trustees’ Strategy Review “IFRSs as a Global Standard: Setting a Strategy for the Foundation’s Second Decade” is now available. Please find the document herewith attached.

OIC 6 Debt Restructuring and Disclosure published

 The national accounting standard OIC 6 Debt Restructuring and Disclosure has been published The Executive Committee of the OIC approved the final version of the national accounting standard OIC 6 Debt Restructuring and Disclosure. The accounting standard defines the accounting treatment and disclosures to be made about the effects of a restructuring of debt. The standard refers to cases where debt restructuring...