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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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  • 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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    ISSB (International Sustainability Standards Board) (blue) Image

  • 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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  • 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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  • 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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  • 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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  • TNFD and EFRAG publish correspondence mapping

    20 Jun 2024

    The Taskforce on Nature-related Financial Disclosures (TNFD) and EFRAG have jointly published a mapping of the correspondence between the European Sustainability Reporting Standards (ESRS) and the TNFD's recommended disclosures and metrics.

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  • Agenda for the July 2024 ITCG meeting

    20 Jun 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 a hybrid format (in London and virtual) on 2 July 2024.

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  • EFRAG briefing papers on IFRS 19 updated

    19 Jun 2024

    In December 2021 and February 2022, EFRAG published briefing papers as part of its strategy to stimulate debate on the IASB's proposals that would permit eligible subsidiaries that are small and medium-sized entities to apply IFRSs but with reduced disclosure requirements. In view of the fact, that IFRS 19 'Subsidiaries without Public Accountability: Disclosures' has been finalised and issued, EFRAG has now updated the briefing papers.

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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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  • 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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  • 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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  • Roadmap: Earnings per Share (2024)

    published 06 Jun 2024

    This Roadmap provides an overview of the accounting and disclosure guidance in ASC 260 as well as insights into how to apply the guidance in practice. The 2024 edition of this publication contains relatively minor updates.

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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 will meet in a hybrid format (virtual and in Frankfurt) on 12 June 2024.

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