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IASB completes post-implementation review of the impairment requirements in IFRS 9
04 Jul 2024
The IASB has completed its post-implementation review of the impairment requirements in IFRS 9 'Financial Instruments'. The summary report published today shows that the standard works as intended and provides useful information to users of financial instruments.
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IASB issues podcast on latest Board developments (June 2024)
28 Jun 2024
The IASB has released a podcast hosted by Executive Technical Director Nili Shah featuring IASB Chair Andreas Barckow and IASB Member Ann Tarca discussing the deliberations held during the June 2024 IASB meeting.
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IFRS Foundation appoints Managing Director
28 Jun 2024
The IFRS Foundation Trustees have appointed Michel Madelain as new Managing Director of the IFRS Foundation. Mr Madelain follows Lee White who departed from the position earlier this year to become Chief Executive Officer of IFAC. Mr Madelain’s will assume his new role in September 2024 for a two-year term.
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IFC and IFRS Foundation commit to strategic partnership for sustainability reporting
27 Jun 2024
The International Finance Corporation (IFC) and the IFRS Foundation have agreed a strategic partnership to improve sustainability reporting in emerging markets.
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IASB Chair discusses complexity
26 Jun 2024
At the IFRS Foundation Conference held in London earlier this week, IASB Chair Andreas Barckow discussed the complexity rooted in today’s economic world and the IASB's way of addressing it.
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June 2024 IASB meeting notes posted
25 Jun 2024
The IASB met in London on 19-20 June 2024 and held a joint education meeting with the US Financial Accounting Standards Board (FASB) on 21 June 2024. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.
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Updated IASB and ISSB work plan — Analysis (June 2024)
24 Jun 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 May 2024. Several developments are expected to occur in July 2024.
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Agenda for the July 2024 ASAF meeting
24 Jun 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 in London on 8-9 July 2024.
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ISSB concludes agenda consultation by releasing a feedback statement
24 Jun 2024
On 4 May 2023, the International Sustainability Standards Board (ISSB) launched its first public consultation to seek broad public input on the strategic direction and overall balance of its future work programme as well as sustainability-related matters the ISSB could take up.
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IFRS Interpretations Committee holds June 2024 meeting
19 Jun 2024
The IFRS Interpretations Committee (IFRS IC) met in London on 11 June 2024. The IFRS IC discussed the finalisation of an agenda decision and a new item, and gave input for two IASB projects.
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Two ESMA documents aimed at consistent sustainability reporting
05 Jul 2024
The European Securities and Markets Authority (ESMA) has published a 'Final Report on the Guidelines on Enforcement of Sustainability Information (GLESI)' and a 'Public Statement on the first application of the European Sustainability Reporting Standards (ESRS)'.
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Switzerland consults on expanding the Swiss non-financial reporting regulation
03 Jul 2024
The Federal Council of Switzerland has published a consultation that proposes changes to the non-financial reporting obligations for companies under the Swiss Code of Obligations (CO). The consultation period is open until 17 October 2024.
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TNFD publishes sector guidance
03 Jul 2024
The Taskforce on Nature-related Financial Disclosures (TNFD) has published the first set of additional sector guidance. The guidance includes recommended sector-specific metrics for disclosure in line with the TNFD recommendations published in September 2023.
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EFRAG publishes report on connectivity
29 Jun 2024
EFRAG has published a paper titled 'Connectivity considerations and boundaries of different Annual Report sections' that sets out the conceptual foundations, categories and benefits of connectivity.
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IFRS Foundation to assume responsibility for the disclosure-specific material developed by the UK’s Transition Plan Taskforce
28 Jun 2024
The International Sustainability Standards Board (ISSB) has announced how it intends to further harmonise the sustainability reporting landscape including developing its strategic relationship with the UK’s Transition Plan Taskforce (TPT).
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Sri Lanka publishes localised versions of the ISSB standards
26 Jun 2024
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has issued localised versions of IFRS S1 and IFRS S2, which will be effective from 1 January 2025.
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Report on the spring 2024 IFASS meeting
26 Jun 2024
A report has been issued summarising the discussions at the meeting of the International Forum of Accounting Standard Setters (IFASS) held in Seoul and by remote participation on 17-19 April 2024.
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IFAC issues publication on sustainability assurance
26 Jun 2024
The International Federation of Accountants (IFAC) has issued a publication titled 'Sustainability Assurance: What to Expect'.
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New and revised pronouncements as at 30 June 2024
25 Jun 2024
Our popular summary of new and revised financial and sustainability reporting requirements, updated for financial reporting periods ending on 30 June 2024. This listing can be used to perform a quick check that new financial and sustainability reporting requirements such as new and revised accounting and sustainability disclosure standards and interpretations, and amendments to standards and interpretations, have been fully considered in the reporting close process. The information below can also be used to assist with the disclosure requirements under paragraph 30 of IAS 8 'Accounting Policies, Changes in Accounting Estimates and Errors', which requires entities to disclose any new IFRSs that are in issue but not yet effective and which are likely to impact the entity.
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Agenda for the June 2024 IRCC meeting
24 Jun 2024
An agenda has been released for the meeting of the Integrated Reporting and Connectivity Council (IRCC) that will be held by video conference call on 26 June 2024.
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IFRS on Point — June 2024
published 03 Jul 2024
'IFRS on Point' highlights critical financial and sustainability reporting developments and main IFRS-related news stories of the previous month.
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EFRAG endorsement status report 27 June 2024
published 28 Jun 2024
The endorsement status report has been updated to reflect that EFRAG has published draft endorsement advice on 'Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)'.
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Report on the H1 2024 IFASS meeting
published 26 Jun 2024
Report summarising the discussions at the meeting of the International Forum of Accounting Standard Setters (IFASS) held in a hybrid format on 17-19 April 2024.
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iGAAP in Focus — Closing Out (June 2024)
published 25 Jun 2024
In this 'iGAAP in Focus — Closing Out' (last updated in June 2024), we set out financial and sustainability reporting issues that may be relevant in view of the current economic and geopolitical environment and also highlight areas of regulatory focus and recent changes in accounting standards.
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Quarterly Accounting Roundup — Second Quarter — 2024
published 21 Jun 2024
This edition discusses financial reporting developments that occurred in the second quarter of 2024.
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Governmental & Public Services Spotlight — U.S. Department of Education’s Final Rule Related to Financial Responsibility and Other Matters — Effective Date Approaching
published 20 Jun 2024
This Government & Public Services Spotlight discusses changes as a result of the Department of Education’s October 2023 final rule on financial responsibility and other matters. The final rule’s requirements become effective July 1, 2024.
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EITF Snapshot — June 2024
published 20 Jun 2024
This EITF Snapshot summarizes the June 14, 2023, meeting of the Emerging Issues Task Force (EITF). At this meeting, the EITF discussed Issue No. 24-A, “Determining the Accounting Acquirer.”
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Heads Up — Highlights of Recent PCAOB Standard-Setting and Rulemaking Activities
published 18 Jun 2024
This Heads Up discusses the status of the PCAOB’s standard-setting and rulemaking projects and provides Deloitte’s perspectives on several of the Board’s proposals.
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IFRS on Point — May 2024
published 07 Jun 2024
'IFRS on Point' highlights critical financial and sustainability reporting developments and main IFRS-related news stories of the previous month.
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On the Radar — Earnings per Share
published 06 Jun 2024
This publication summarizes key topics related to the accounting for and disclosure of earnings per share.
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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.
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ISSB Meeting — 12 June 2024
Start: 12 Jun 2024 - End: 12 Jun 2024
The ISSB will meet in a hybrid format (virtual and in Frankfurt) on 12 June 2024.
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IFRS Interpretations Committee meeting — 11 June 2024
Start: 11 Jun 2024 - End: 11 Jun 2024
The IFRS Interpretations Committee met on 11 June 2024.
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IASB Meeting — 20 and 22 May 2024
Start: 20 May 2024 - End: 22 May 2024
The IASB met in its offices in London on 20 and 22 May 2024.
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ISSB Meeting — 16 May 2024
Start: 16 May 2024 - End: 16 May 2024
The ISSB met in Montreal on 16 May 2024.
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ISSB Meeting — 23 April 2024
Start: 23 Apr 2024 - End: 23 Apr 2024
The ISSB met in Frankfurt on 23 April 2024.
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IASB Meeting — 22–25 April 2024
Start: 22 Apr 2024 - End: 25 Apr 2024
The IASB met in its offices in London on 22–25 April 2024.
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IASB Meeting — 18–21 March 2024
Start: 18 Mar 2024 - End: 21 Mar 2024
The IASB met in its offices in London on 18–21 March 2024.
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ISSB Meeting — 13 March 2024
Start: 13 Mar 2024 - End: 13 Mar 2024
The ISSB met in Frankfurt on 13 March 2024.
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IFRS Interpretations Committee meeting — 5 March 2024
Start: 05 Mar 2024 - End: 05 Mar 2024
The IFRS Interpretations Committee met on 5 March 2024.