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  • Updated IASB and ISSB work plan — Analysis (December 2024)

    16 Dec 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 November 2024.

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  • Agenda for the December 2024 SCC meeting

    16 Dec 2024

    An agenda has been released for the meeting of the Sustainability Consultative Committee that will be held via video conference call on 16 December 2024.

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  • IASB launches IFRS 19 tracker

    13 Dec 2024

    The new IFRS 19 disclosure tracker lists the disclosure requirements in IFRS 19 'Subsidiaries without Public Accountability: Disclosures' and maps them to their equivalents in other IFRS Accounting Standards.

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  • Pre-meeting summaries for the December 2024 ISSB meeting

    09 Dec 2024

    The ISSB will meet in Frankfurt on 11 December 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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  • IFRS Interpretations Committee holds November 2024 meeting

    09 Dec 2024

    The IFRS Interpretations Committee (IFRS IC) met in London on 26 November 2024. The IFRS IC discussed the initial consideration of two agenda decisions and the finalisation of one tentative agenda decision. The IFRS IC also gave input on four IASB projects and considered the approach the staff proposes for managing agenda decisions that relate to IAS 1 that might be affected by the publication of IFRS 18.

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  • ESMA consults on applying ESEF to sustainability reporting

    16 Dec 2024

    The European Securities and Markets Authority (ESMA) has launched a consultation on amending the European Single Electronic Format (ESEF) requirements seeking stakeholders’ views on how they can be applied to sustainability reporting. The proposals also aim to ease the burden associated with financial reporting.

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  • Summary of the November 2024 CMAC meeting

    12 Dec 2024

    Representatives from the International Accounting Standards Board (IASB) met with the Capital Markets Advisory Council (CMAC) in London on 8 November 2024. Notes from the meeting have now been released.

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  • IFASS to be co-chaired by Australia and Canada

    12 Dec 2024

    The IFASS Secretariat has announced that Armand Capisciolto, Chair of Canada's Accounting Standards Board (AcSB), and Dr. Keith Kendall, Chair of the Australian Accounting Standards Board (AASB), will serve as co-chairs of IFASS for a two- to three-year term starting with the preparations for the September 2025 IFASS meeting.

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  • Hong Kong sustainability disclosure standards and roadmap published

    12 Dec 2024

    The Hong Kong Institute of Certified Public Accountants (HKICPA) has issued the final Hong Kong sustainability disclosure standards, which are fully aligned with the ISSB standards. This follows the publication of a roadmap by the Government of the Hong Kong Special Administrative Region that sets out implementation details for mandatory sustainability disclosures.

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  • New and revised pronouncements as at 31 December 2024

    11 Dec 2024

    Our popular summary of new and revised financial and sustainability reporting requirements, updated for financial reporting periods ending on 31 December 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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  • EFRAG adds new technical explanations on ESRSs

    06 Dec 2024

    EFRAG has added further non-authoritative technical explanations to its compilation of explanations that are intended to assist stakeholders in the implementation of the European Sustainability Reporting Standards (ESRSs).

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  • EFRAG consults on IFRS 19

    05 Dec 2024

    ​EFRAG has launched two online surveys to seek preparers' (subsidiaries and parent entities) and users' views on the voluntary application of IFRS 19 'Subsidiaries without Public Accountability: Disclosures'.

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  • IFCG concludes its advisory role with IASB

    04 Dec 2024

    The Islamic Finance Consultative Group (IFCG), an advisory body to the IASB, held its final meeting this week. Over its tenure, the IFCG strengthened ties between the IASB and the Islamic finance community, ensuring stakeholders’ perspectives were considered in the standard-setting process.

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  • Heads Up — Highlights of the 2024 AICPA CIMA Conference on Current SEC and PCAOB Developments

    published 16 Dec 2024

    This Heads Up summarizes insights from the 2024 AICPA & CIMA Conference on Current SEC and PCAOB Developments. The conference brings together key stakeholders to discuss developments, emerging issues, and trends in accounting, financial reporting, and auditing, as well as related matters. Among other topics discussed at this year’s conference, several speakers addressed how the SEC’s priorities are expected to shift because of the recent election and incoming administration.

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  • Roadmap: Business Combinations (2024)

    published 13 Dec 2024

    This Roadmap provides Deloitte’s insights into and interpretations of the guidance in ASC 805 on business combinations, pushdown accounting, common-control transactions, and asset acquisitions as well as an overview of related SEC reporting requirements. The 2024 edition reflects guidance issued through November 29, 2024.

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  • On the Radar — Business combinations

    published 13 Dec 2024

    This publication briefly summarizes key issues and developments related to this topic, including determining whether an acquisition should be accounted for as a business combination or an asset acquisition and applying the acquisition method of accounting.

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  • EFRAG endorsement status report 12 December 2024

    published 12 Dec 2024

    The endorsement status report has been updated to reflect that EFRAG has published final endorsement advice on 'Annual Improvements to IFRS Accounting Standards — Volume 11'.

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  • Adoption of IFRS Sustainability Disclosure Standards by jurisdiction

    published 10 Dec 2024

    ‘Adoption of IFRS Sustainability Disclosure Standards by jurisdiction’ gives an overview in tabular format about jurisdictions that have adopted or are in the process of adopting the ISSB standards. This publication has last been updated on 10 December 2024.

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  • Heads Up — FASB Proposes Guidance on the Measurement of Credit Losses for Certain Entities

    published 10 Dec 2024

    This Heads Up discusses the FASB’s proposed Accounting Standards Update (ASU) Measurement of Credit Losses for Accounts Receivable and Contract Assets for Private Companies and Certain Not-for-Profit Entities. The proposed ASU would amend ASC 326 to permit private companies and certain not-for-profit entities to elect a practical expedient and accounting policy related to their estimation of expected credit losses for current accounts receivable and current contract assets that arise from transactions accounted for under ASC 606.

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  • IFRS on Point — November 2024

    published 06 Dec 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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