This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.
The #1 website for global accounting news
  • January 2015 IASB meeting notes — Part 1

    23 Jan 2015

    The International Accounting Standards Board (IASB) met at its offices in London on 20-22 January 2015, some of it a joint meeting with the FASB. We have posted the Deloitte observer notes from the sessions on leases, conceptual framework, IFRS for SMEs, and insurance contracts. Additional notes will be posted in due course.

  • IPSASB aligns IPSASs with recent IASB pronouncements

    23 Jan 2015

    The International Public Sector Accounting Standards Board (IPSASB) has finalised 'Improvements to IPSASs 2014'. The changes incorporate relevant amendments made by the International Accounting Standards Board (IASB) in the 2009-2011 and 2010-2012 cycles of annual improvements, and the changes made by 'Clarification of Acceptable Methods of Depreciation and Amortisation (Amendments to IAS 16 and IAS 38)'.

  • Latest IASB ‘Investor Update’ issued

    20 Jan 2015

    The IASB has issued the fourth edition of its newsletter, "IASB Investor Update," to provide investors with quick access to information on current accounting and financial reporting issues. The newsletter aims to keep investors informed on new and changing guidance.

  • IFRS Foundation appoints new Trustee

    20 Jan 2015

    The IFRS Foundation has announced the appointment of Kurt Schacht as Trustee of the IFRS Foundation. The appointment will begin with immediate effect and will expire on 31 December 2017.

  • US and EU remain committed to convergence, stress the importance of consistent application

    16 Jan 2015

    Participants in the U.S. - EU Financial Markets Regulatory Dialogue (FMRD) met on 12 January 2015 to exchange information on regulatory developments as part of their ongoing dialogue and discuss their strong cooperation and shared interests in continuing to implement and enforce robust standards, including those on the G-20 financial regulatory agenda.

  • Agenda for the Joint Transition Resource Group for Revenue Recognition meeting

    15 Jan 2015

    The agenda has been released for the third meeting of the Joint Transition Resource Group for Revenue Recognition (TRG), which is being jointly held at the offices of the IASB and FASB on 26 January 2015. The TRG will discuss a number of topics related to the boards’ new revenue standard, “Revenue From Contracts With Customers” (issued as IFRS 15 by the IASB and ASU 2014-09 by the FASB).

News RSS Feed  Link
  • IFRS Project Insights — Insurance contracts

    published 23 Jan 2015

    This edition of IFRS Project Insights provides a summary of the IASB's project on insurance contracts and discusses recent tentative decisions reached by the Board. This publication has been updated as of 23 January 2015.

  • IFRS fokussiert — Bilanz für das Jahr 2014

    published 20 Jan 2015

    This German-language newsletter provides an overview of the standards and interpretations that are mandatorily applicable for the first time in the financial statements for reporting periods ending on 31 December 2014. The publication also gives an overview over the standards and interpretations that are not mandatorily applicable yet but can be applied early.

  • Deloitte comment letter on IASB DP/2014/2 'Reporting the Financial Effects of Rate Regulation'

    published 16 Jan 2015

    We welcome the Board's progress in addressing the issue of rate regulation. We believe it is critical that the output of this project is capable of dealing with the range of regulatory regimes in existence and agree that the hybrid scheme described as 'defined rate regulation' in the discussion paper captures many of the features of regulatory regimes encountered in practice. We recommend that the next step in the project be an accounting discussion paper preceding the development of any new Standard or amendment to existing standards.

  • Deloitte digest — December 2014

    published 14 Jan 2015

    This publication from Deloitte (Canada) summarizes current financial reporting rules and standards; it also provides an overview of recent regulatory and professional developments.

  • IFRS on point — December 2014

    published 13 Jan 2015

    IFRS on Point, published at the end of each month, highlights critical IFRS-related financial reporting developments.

  • Power & utilities — Accounting, financial reporting, and tax update

    published 12 Jan 2015

    Our industry continues to face changing markets, new legislation, environmental initiatives, regulatory pressures, and emerging businesses and technologies. This publication discusses accounting, tax, and regulatory matters that P&U entities will need to consider as a result of these changes, including updates to SEC, FASB, IFRS, and tax guidance, and focuses on specialized industry accounting topics that frequently affect rate-regulated entities. New to this year’s publication are sections on accounting and reporting considerations related to (1) carve-out financial statements and (2) the FASB’s and IASB’s new revenue standard. Also included is a section on accounting and reporting concerns specific to renewable energy.

  • Heads Up — FASB issues ASU on extraordinary items

    published 12 Jan 2015

    This issue discusses the FASB’s newly issued Accounting Standards Update (ASU) No. 2015-01, Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items. Under the ASU, an entity will no longer (1) segregate an extraordinary item from the results of ordinary operations; (2) separately present an extraordinary item on its income statement, net of tax, after income from continuing operations; and (3) disclose income taxes and earnings-per-share data applicable to an extraordinary item.

  • More publications
  • Publication RSS Feed  Link

    Correction list for hyphenation

    These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.