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  • November 2024 ISSB meeting notes posted

    26 Nov 2024

    The ISSB met on 20-21 November 2024 in Beijing. We have posted our comprehensive Deloitte observer notes for the projects discussed during the meeting.

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    ISSB (International Sustainability Standards Board) (blue) Image

  • Updated IASB and ISSB work plan — Analysis (November 2024)

    26 Nov 2024

    Following the IASB and ISSB meetings this month, we have analysed the work plan on the IFRS Foundation website to see what changes have resulted from the meetings and other developments since the work plan was last revised in October 2024. Changes are few.

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  • November 2024 IASB meeting notes posted

    25 Nov 2024

    The IASB met in London on 19-20 November 2024. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

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  • Agenda for the December 2024 ASAF meeting

    21 Nov 2024

    The IFRS Foundation has released an agenda and meeting papers for the meeting of the Accounting Standards Advisory Forum (ASAF), which will be held via video conference call on 5–6 December 2024.

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  • ISSB announces webinar on transition from TCFD recommendations to ISSB standards

    21 Nov 2024

    The International Sustainability Standards Board (ISSB) has announced a new episode in its 'Perspectives on sustainability disclosure' webinar series that will be streamed on 5 December 2024. Episode 6 of the series focuses on the transition from the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) to the ISSB standards.

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  • Pre-meeting summaries for the November 2024 ISSB meeting

    19 Nov 2024

    The ISSB will meet in Beijing on 20-21 November 2024. We have posted our pre-meeting summaries for the meeting that allow you to follow the ISSB’s decision making more closely. We summarised the agenda papers made available by the ISSB staff and point out the main issues to be discussed by the ISSB and the staff recommendations.

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  • FASB concludes that IFRS 15 equivalent works as intended

    26 Nov 2024

    In 2014, the FASB issued an Accounting Standards Update 'Revenue from Contracts with Customers' that was converged with the corresponding IASB standard, IFRS 15. In September 2024, the IASB concluded that its standard works as intended. The FASB has now come to the same conclusion regarding its own standard.

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  • Agenda for the December 2024 ITCG meeting

    22 Nov 2024

    The IFRS Foundation has released an agenda and meeting papers for the meeting of the IFRS Taxonomy Consultative Group (ITCG), which will be held via video conference call on 3 December 2024.

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  • Report on the autumn 2024 IFASS meeting

    20 Nov 2024

    A report has been issued summarising the discussions at the meeting of the International Forum of Accounting Standard Setters (IFASS) held in London and by remote participation on 24 and 25 September 2024.

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  • Accountancy Europe encourages IASB to look beyond climate

    19 Nov 2024

    Accountancy Europe has responded to the IASB exposure draft 'Climate-related and Other Uncertainties in the Financial Statements' and encourages the IASB to expand the scope and content of the proposed illustrative examples.

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    IASB (International Accounting Standards Board) (blue) Image

  • Joint EFRAG and IASB educational session on IFRS 19

    19 Nov 2024

    On 2 December 2024, EFRAG and the IASB invite stakeholders to an online joint educational session 'Navigating IFRS 19 in the EU landscape: Reduced disclosures standard for eligible subsidiaries'.

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  • Heads Up — FASB Proposes Guidance on the Accounting for Government Grants

    published 26 Nov 2024

    This Heads Up discusses the FASB’s proposed Accounting Standards Update (ASU) Accounting for Government Grants by Business Entities. The proposal would add guidance to ASC 832 on the recognition, measurement, and presentation of government grants. Comments on the proposed ASU are due by March 31, 2025.

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  • On the Radar — Hedge accounting

    published 22 Nov 2024

    This publication briefly summarizes key financial reporting considerations related to the accounting for hedges under ASC 815.

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  • Roadmap: Hedge accounting

    published 22 Nov 2024

    This Roadmap provides an overview of the FASB’s authoritative guidance on hedge accounting in ASC 815 as well as our insights into and interpretations of how to apply that guidance in practice.

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  • Adoption of IFRS Sustainability Disclosure Standards by jurisdiction

    published 20 Nov 2024

    ‘Adoption of IFRS Sustainability Disclosure Standards by jurisdiction’ gives an overview in tabular format about jurisdictions that have adopted or are in the process of adopting the ISSB standards. This publication has last been updated on 14 November 2024.

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  • Report on the H2 2024 IFASS meeting

    published 20 Nov 2024

    Report summarising the discussions at the meeting of the International Forum of Accounting Standard Setters (IFASS) held in London and by remote participation on 24 and 25 September 2024. As reported earlier, among the topics discussed at the meeting were intangibles.

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  • Financial Reporting Alert 24-4, Financial Reporting Considerations Related to Pension and Other Postretirement Benefits

    published 18 Nov 2024

    This Financial Reporting Alert highlights some of the important accounting considerations related to the calculations and disclosures entities provide under U.S. GAAP in connection with their defined benefit pension and other postretirement benefit plans. Such considerations include those associated with (1) the current macroeconomic environment, (2) “buy-in” and “buy-out” transactions, (3) the Inflation Reduction Act of 2022, and (4) certain defined benefit pension plans in the Netherlands and the United Kingdom.

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  • Heads Up — FASB Proposes Improvements to Interim Reporting Requirements

    published 18 Nov 2024

    This Heads Up discusses the FASB’s proposed Accounting Standards Update (ASU) Interim Reporting (Topic 270): Narrow-Scope Improvements, which would clarify the interim reporting requirements in ASC 270. The FASB issued the proposal in response to concerns from stakeholders regarding the complexity of applying these requirements. Comments on the proposed ASU are due by March 31, 2025.

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