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  • IFRS Sustainability Webinar Series: Episode 4 to focus on Pan-African insights

    02 Oct 2024

    The fourth episode of the IFRS Sustainability webinar series, ‘Perspectives on Sustainability Disclosure’, will take place on 17 October 2024 and will focus on the Pan-African approach to sustainability disclosure. This session will explore how countries like Ghana, Nigeria, and Tanzania are advancing towards the adoption of the ISSB Standards.

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  • IASB completes post-implementation review of IFRS 15

    30 Sep 2024

    The IASB has completed its post-implementation review of IFRS 15 'Revenue from Contracts with Customers'. The review has shown that the standard is working as intended, providing users with more useful information about a company's revenue.

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  • September 2024 IASB meeting notes posted

    26 Sep 2024

    The IASB met in London on 16-18 September 2024. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

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  • Standard setters discuss intangibles

    25 Sep 2024

    The International Forum of Accounting Standard Setters (IFASS) is currently holding its fall meeting in London. One of the sessions of the meeting was devoted to the IASB's research project on intangible assets and how it relates to research by other standard setters.

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  • Presentation on connectivity at WSS meeting

    24 Sep 2024

    At the World Standard Setters (WSS) conference currently being held in London, staff of the IASB and staff of the ISSB presented on the connectivity between the financial statements and sustainability-related financial disclosures.

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  • September 2024 ISSB meeting notes posted

    24 Sep 2024

    The ISSB met on 18 September 2024 in Frankfurt. We have posted our comprehensive Deloitte observer notes for the projects discussed during the meeting.

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  • Agenda for the September 2024 ITCG meeting

    24 Sep 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 in London on 30 September and 1 October 2024.

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  • Heads Up — #DeloitteESGNow — California Climate Legislation Update — Reporting Deadlines Remain Unchanged Under SB-219

    published 01 Oct 2024

    This Heads Up briefly discusses SB-219, Greenhouse Gases: Climate Corporate Accountability: Climate-Related Financial Risk, which amends portions of Sections 38532 and 38533 of the California Health and Safety Code that were established upon the passage of California state senate bills SB-253, Climate Corporate Data Accountability Act, and SB-261, Greenhouse Gases: Climate-Related Financial Risk. While the new legislation is expected to reduce the financial burden of complying with SB-253, it does not delay the reporting deadlines under SB-253 or SB-261.

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  • EFRAG endorsement status report 1 October 2024

    published 01 Oct 2024

    The endorsement status report has been updated to reflect that EFRAG has now received the request for endorsement advice from the European Commission regarding IFRS 19 'Subsidiaries without Public Accountability: Disclosures' and 'Annual Improvements to IFRS Accounting Standards — Volume 11'.

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  • Heads Up — FASB Proposes Improvements to Hedge Accounting Guidance

    published 30 Sep 2024

    This Heads Up discusses the FASB’s proposed Accounting Standards Update (ASU) 'Hedge Accounting Improvements', which would amend certain facets of the hedge accounting guidance in ASC 815. The proposal is intended to address issues raised by stakeholders during the implementation of ASU 2017-12 and more recent concerns that have surfaced as a result of the global reference rate reform initiative.

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  • Roadmap: Comparing IFRS Accounting Standards and U.S. GAAP (2024)

    published 30 Sep 2024

    This Roadmap provides an overview of the most significant differences between U.S. GAAP and IFRS® Accounting Standards — two of the most widely used accounting standards in the world. The 2024 edition includes updated and expanded guidance that reflects standards effective as of January 1, 2025, for calendar-year-end public entities.

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  • On the Radar — Comparing IFRS Accounting Standards and U.S. GAAP: Bridging the differences

    published 30 Sep 2024

    Although U.S. GAAP and IFRS® Accounting Standards are built on largely similar concepts and often lead to similar accounting outcomes, there are many differences in the specific accounting requirements. Therefore, it can be difficult to directly compare financial statements that have been prepared under these different standards. Accordingly, professionals need to be mindful of the differences between U.S. GAAP and IFRS Accounting Standards when preparing, aggregating, consolidating, comparing, or interpreting financial information that involves both sets of accounting standards.

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  • Roadmap: Carve-Out Transactions (2024)

    published 27 Sep 2024

    This Roadmap discusses key factors for entities to consider as they prepare their carve-out financial statements. “Carve-out financial statements” is a general term used to describe financial statements derived from the financial statements of a larger parent entity. Such statements are often required when a parent entity wishes to pursue a sale, spin-off, initial public offering, or special-purpose acquisition company transaction involving a portion of the parent entity. In addition, they are necessary in various types of transactions as a means of reflecting the portion of a parent entity’s balances and activities that are being “carved out.”

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  • On the Radar — Carve-Out Transactions

    published 27 Sep 2024

    This publication briefly summarizes key management considerations and common pitfalls associated with preparing carve-out financial statements.

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    • IASB Meeting — 19–21 June 2024

      Start: 19 Jun 2024 - End: 21 Jun 2024

      The IASB met in its offices in London on 19–21 June 2024 and held a joint meeting with the FASB via video conference on 21 June 2024.

    • ISSB Meeting — 12 June 2024

      Start: 12 Jun 2024 - End: 12 Jun 2024

      The ISSB met in a hybrid format (virtual and in Frankfurt) on 12 June 2024.

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