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FR International News
IASB sets out accounting requirements for when a currency is not exchangeable
15 Aug 2023
The amendments will require companies to apply a consistent approach in assessing whether a currency can be exchanged into another currency and, when it cannot, in determining the exchange rate to use and the disclosures to provide. The amendments are effective for annual reporting periods beginning on or after 1 January 2025, with early application permitted.
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FR International News
August 2023 supplementary International Accounting Standards meeting agenda and meeting papers available
10 Aug 2023
A supplementary meeting will be held on 23 August 2023 to discuss the Amendments to the IFRS for SMEs Accounting Standard—International Tax Reform—Pillar Two Model Rules.
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FR International News
July 2023 IFRS Taxonomy Consultative Group meeting summary available
03 Aug 2023
Topics discussed at the meeting held on 5 July 2023 included IFRS Accounting Taxonomy Update—Primary Financial Statements, IFRS Sustainability Disclosure Taxonomy and IFRS Accounting Taxonomy.
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FR International News
Video: Zach Gast explains the Request for Information Post-implementation Review of IFRS 9—Impairment
03 Aug 2023
Watch IASB Member Zach Gast explain this RFI which was published as part of the post-implementation review of the impairment requirements of IFRS 9.
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FR International News
July 2023 IASB Update and podcast available
01 Aug 2023
The topics discussed in this podcast include the conclusion of technical discussions in the Primary Financial Statements and Subsidiaries without Public Accountability: Disclosures projects, moving towards drafting of the two new IFRS Accounting Standards; and updates of various IASB projects including Dynamic Risk Management project and Business Combinations, Disclosures, Goodwill and Impairment project.
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SR News, FR International News
Watch a new webcast on connections between accounting and sustainability disclosures
31 Jul 2023
The Vice-Chairs of the IASB and the ISSB discuss progress made in facilitating connections between financial statements and sustainability-related financial disclosures and in the work of the two boards.
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FR International News
IASB completes technical work on two new IFRS Accounting Standards
26 Jul 2023
The IASB has concluded its decision-making on two projects—its final steps before drafting and balloting two new IFRS Accounting Standards. The first of these forthcoming Accounting Standards is designed to clarify and enhance information companies provide about their financial performance. The other will simplify the financial statements prepared by subsidiaries of listed groups. The IASB expects to issue the new Accounting Standards in the first half of 2024.
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FR International News
July 2023 International Accounting Standards Board agenda and meeting papers available
14 Jul 2023
For the IASB meeting to be held on 25 – 27 July 2023, topics for discussion include Dynamic Risk Management, Equity Method, Business Combinations—Disclosures, Goodwill and Impairment, and Disclosure Initiative—Subsidiaries without Public Accountability: Disclosures.
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FR International News
July 2023 Due Process Oversight Committee agenda and meeting paper available
14 Jul 2023
At the meeting held on 17 July 2023, the Committee discussed the proposed composition of the IFRS Taxonomy Consultative Group as a result of new appointments and reappointments to the group approved by the IASB and ISSB.
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FR International News
IFRS Interpretations Committee Q2 2023 podcast
05 Jul 2023
In this podcast, IFRS Interpretations Committee (IFRIC) Chair Bruce Mackenzie joined Committee members Karen Higgins and Donné Sephton, to share on IFRIC’s decisions to refer two matters to the IASB for narrow-scope standard setting, including a new submission relating to the application of the ‘own use’ exemption in IFRS 9; and the accounting for hyperinflation in specific circumstances.