News

OIC comments on EFRAG draft comment letter on IASB ED Amendments to the Classification and Measurement of Financial Instruments (Proposed amendments to IFRS 9 and IFRS 7)

OIC comments on EFRAG draft comment letter on IASB ED Amendments to the Classification and Measurement of Financial Instruments (Proposed amendments to IFRS 9 and IFRS 7) are now available. Please find also the letter herewith attached.

ISSB issues IFRS S1 e IFRS S2

The ISSB issues the IFRS 1 “General Requirements for Disclosure of Sustainability-related Financial Information” and the IFRS S2 “Climate-related Disclosures“. IFRS S1 provides a set of disclosure requirements designed to enable companies to communicate to investors about the sustainability-related risks and opportunities they face over the short, medium and long term. IFRS S2 sets out specific...

European Commission consults on the draft of the delegate act regarding the first set of sustainability standards (ESRS)

The European Commission consults on the draft of the delegate act regarding the first set of sustainability standards (ESRS). The draft of delegate act is open for comments until 7 July 2023  

Il Collegio dei Fondatori dell’OIC nomina il nuovo CdA

Il Collegio dei Fondatori di OIC, riunitosi ieri a Roma, ha dato seguito alle modifiche statutarie che allineano il governo societario dell’organismo contabile all’allargamento del suo oggetto sociale ai temi della sostenibilità, disposto dalla Legge n.15/2022. In particolare, l’attuale struttura duale, fondata su un Consiglio di Sorveglianza ed un Consiglio di Gestione, è stata sostituita da un unico...

IASB issues the ED International Tax Reform—Pillar Two Model Rules—Proposed Amendments to the IFRS for SMEs Standard

The IASB issues the Exposure Draft International Tax Reform—Pillar Two Model Rules—Proposed Amendments to the IFRS for SMEs Standard to help small-and medium-sized entities (SMEs) respond to international tax reform. The proposed amendments to the income tax section of the Standard would provide the same relief as the amendments to IAS 12 Income Taxes issued in May 2023. The ED is open for comment until 17 July...

IASB publishes the Request for Information Post-implementation Review of IFRS 9 Financial Instruments―Impairment

The IASB launched a call for stakeholders’ feedback on its post-implementation review of the expected credit loss requirements in IFRS 9 Financial Instruments. The Request for Information Post-implementation Review of IFRS 9 Financial Instruments―Impairment is open for comments until 27 September 2023. For further information, please refer to the IFRS Foundation...

OIC comments on EFRAG Preparatory draft endorsement advice on IASB International Tax Reform – Pillar II Model Rules (Amendments to IAS 12)

OIC comments on EFRAG Preparatory draft endorsement advice on IASB International Tax Reform – Pillar II Model Rules (Amendments to IAS 12) are now available. Please find also the letter herewith attached.

IASB issues International Tax Reform—Pillar Two Model Rules (Amendments to IAS 12)

The International Accounting Standards Board (IASB) has issued amendments to IAS 12 Income Taxes. The amendments give companies temporary relief from accounting for deferred taxes arising from the Organisation for Economic Co-operation and Development’s (OECD) international tax reform. Companies can benefit from the temporary exception immediately but are required to provide the disclosures to investors for annual...