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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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  • Pre-meeting summaries for the November 2024 IASB meeting

    15 Nov 2024

    The IASB will meet in London on 19-20 November 2024. We have posted our pre-meeting summaries for the meeting that allow you to follow the IASB’s decision making more closely. We summarised the agenda papers made available by the IASB staff and point out the main issues to be discussed by the IASB and the staff recommendations.

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  • November 2024 ISSB meeting agenda posted

    13 Nov 2024

    The International Sustainability Standards Board (ISSB) has posted the agenda for its meeting, which will be held in Beijing on 20-21 November 2024. There are three topics on the agenda.

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  • ISSB announces new episode in sustainability reporting webcast series

    11 Nov 2024

    The International Sustainability Standards Board (ISSB) has announced the fifth episode in its 'Perspectives on sustainability disclosure' webinar series, which will focus on the state of assurance for sustainability disclosure. The webinar will take place on 25 November 2024 at 1pm GMT.

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  • Adoption of IFRS Sustainability Disclosure Standards by jurisdiction

    08 Nov 2024

    The IFRS Global Office of Deloitte has published an overview in tabular format about jurisdictions that have adopted or are in the process of adopting the ISSB standards. The document provides detail for each jurisdiction contained on the status of implementation, consultation deadlines (where applicable), the chosen adoption approach, the standards being adopted, the earliest mandatory effective date of any requirements, entities in scope and information on assurance requirements (where applicable).

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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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  • 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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  • ISAR 41 — presentations available

    10 Nov 2024

    The forty-first session of the United Nations Conference on Trade and Development (UNCTAD) Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) was held in Geneva on 6-8 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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  • EFRAG endorsement status report 15 November 2024

    published 15 Nov 2024

    The endorsement status report has been updated to reflect that EFRAG has published draft endorsement advice on IFRS 18 'Presentation and Disclosure in Financial Statements'.

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  • On the Radar — Revenue recognition

    published 14 Nov 2024

    This publication briefly summarizes key issues related to the accounting for revenue from contracts with customers under ASC 606, including the identification of performance obligations, principal-versus-agent considerations, variable consideration, consideration payable to a customer, licensing, and financial statement disclosures. It also discusses recent developments related to (1) the FASB’s postimplementation review of ASC 606 and (2) several of the Board’s standard-setting projects.

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  • Roadmap: Revenue Recognition (2024)

    published 14 Nov 2024

    This Roadmap provides Deloitte’s insights into and interpretations of the guidance in ASC 606 on revenue from contracts with customers, the cost guidance in ASC 340-40, and the guidance in ASC 610-20 on gains and losses on transfers of nonfinancial and in-substance nonfinancial assets to noncustomers. Appendix F highlights substantive revisions to previous content.

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  • EFRAG endorsement status report 13 November 2024

    published 13 Nov 2024

    The endorsement status report has been updated to reflect that European Union has endorsed 'Lack of Exchangeability (Amendments to IAS 21)' issued by the IASB in August 2023.

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