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FR International News
Watch an overview of the forthcoming IFRS Accounting Standard—IFRS 18
05 Feb 2024
IASB has issued a webcast introducing the forthcoming IFRS 18 Presentation and Disclosure in the Financial Statements which will replace the existing IAS 1 Presentation of Financial Statements. The new Standard sets out the overall requirements for presentation and disclosures in the financial statements and includes new presentation and disclosure requirements. However, it will also not change how companies recognise and measure items in the financial statements. IFRS 18 is expected to be issued in April 2024, effective for annual reporting periods beginning on or after 1 January 2027 with early application permitted.
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FR International News
Q4 2023 IFRS Interpretations Committee podcast available
31 Jan 2024
In this podcast, IFRS Interpretations Committee Chair and IASB member Bruce Mackenzie joined Committee members Jon Nelson and Jens Freiberg to share on IFRIC’s decisions made at its November 2023 meeting on climate-related commitments in IAS 37 and disclosure of revenues and expenses for reportable segments in IFRS 8.
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FR International News
January 2024 IASB podcast available
30 Jan 2024
The topics discussed include progress made in the Post-implementation Review of IFRS 15, key decisions made in the amendments to IFRS 9─classification and measurement project, and discussions on the proposals for the Addendum to the Exposure Draft Third edition of the IFRS for SMEs Accounting Standard.
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FR International News
January 2024 IASB and joint IASB-ISSB Update available
29 Jan 2024
The IASB and joint IASB-ISSB Updates highlight IASB’s and ISSB’s discussions on its various projects such as Post-implementation Review of IFRS 15, Disclosure Initiative—Subsidiaries without Public Accountability: Disclosures, Amendments to the Classification and Measurement of Financial Instruments, and IASB-ISSB joint discussion on the feedback on ISSB Consultation on Agenda Priorities. The IFRS Foundation work plan has also been updated.
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FR International News, SR News
IFRS Foundation publishes special IASB-ISSB podcast episode
29 Jan 2024
In this podcast, IASB Vice-Chair Linda Mezon-Hutter and ISSB Vice-Chair Sue Lloyd share their reflections of the discussions at the inaugural joint IASB-ISSB technical meeting held on 25 January 2024 in London, and on related topics such as the IASB’s management commentary project and the role of the Integrated Reporting Framework.
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FR International News
February 2024 IFRS Taxonomy Consultative Group agenda and meeting papers available
26 Jan 2024
For the IFRS Taxonomy Consultative Group meeting held on 1 February 2024, topics discussed include IFRS Accounting Taxonomy, Digital Financial Reporting and IFRS Sustainability Disclosure Taxonomy.
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FR International News
January 2024 Accounting Standards Advisory Forum agenda and meeting papers available
18 Jan 2024
The ASAF meeting was held on 29 January 2024 to discuss potential amendments to IFRS 9 in relation to the accounting for power purchase agreements.
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FR International News
January 2024 IASB meeting papers available
12 Jan 2024
For the IASB meeting held on 22 – 23 January 2024, topics discussed include Post-implementation Review of IFRS 15, Amendments to the Classification and Measurement of Financial Instruments, Disclosure Initiative—Subsidiaries without Public Accountability: Disclosures and IASB-ISSB joint discussion on the feedback on ISSB Consultation on Agenda Priorities.
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FR International News
December 2023 IFRS for SMEs Accounting Standard Update available
20 Dec 2023
This edition of the Update includes an update on the IASB’s redeliberations of proposals in the Exposure Draft Third edition of the IFRS for SMEs Accounting Standard and an overview of the forthcoming addendum to it; an update on the December 2023 meeting of the SME Implementation Group; and an overview of the prospective IFRS Accounting Standard for subsidiaries without public accountability.
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FR International News
December 2023 IASB podcast available
19 Dec 2023
The topics discussed include sharing of details on two projects discussed at the December board meeting: Management Commentary and Power Purchase Agreements, and preview of key developments from the IASB during the first half of 2024 including the upcoming inaugural joint technical meeting with the ISSB in January 2024.