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  • Webcast series on the equity method exposure draft

    08 Oct 2024

    The IASB has released a three-part webcast series on its exposure draft IASB/ED/2024/7 'Equity Method of Accounting — IAS 28 'Investments in Associates and Joint Ventures (revised 202x)''.

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  • Pre-meeting summaries for the October 2024 IASB-FASB education meeting

    07 Oct 2024

    The IASB will hold a joint educational meeting with the FASB on 11 October 2024. We have posted our pre-meeting summaries for the meeting that allow you to follow the IASB’s and FASB’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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  • 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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  • IOSCO Chair speaks on ISSB standards adoption

    08 Oct 2024

    Jean-Paul Servais, the Chair of the Board of the International Organization of Securities Commissions (IOSCO) has given a speech, in which he touched on the adoption of ISSB standards around the world.

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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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  • Roadmap: Derivatives (2024)

    published 08 Oct 2024

    This Roadmap provides a comprehensive discussion of the guidance in ASC 815 on the identification, classification, measurement, and presentation and disclosure of derivative instruments, including embedded derivatives. The 2024 edition includes several short videos that highlight certain aspects of derivative accounting.

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  • On the Radar — Derivatives

    published 08 Oct 2024

    This publication briefly summarizes key issues and developments related to the accounting for derivative instruments, including embedded derivatives. It includes a short video that highlights important aspects of derivative accounting.

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  • IFRS on Point — September 2024

    published 08 Oct 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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  • Technology Spotlight — Accounting for the Development of Generative AI Software Products

    published 07 Oct 2024

    This Technology Spotlight discusses accounting considerations for entities developing generative artificial intelligence (AI) technology (whether for their own use or external marketing). Specific topics addressed include (1) whether costs related to generative AI technology should be accounted for under ASC 350-30, ASC 350-40, ASC 985-20, or other U.S. GAAP and (2) how such costs should be evaluated under the applicable accounting literature.

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  • Roadmap: SEC Reporting Considerations for Business Acquisitions (October 2024)

    published 07 Oct 2024

    This Roadmap is intended to help domestic registrants navigate their SEC reporting obligations related to the acquisition or probable acquisition of a business. It combines the SEC’s guidance on reporting for business acquisitions — including acquisitions of real estate operations and pro forma financial information — with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format.

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  • On the Radar — SEC reporting considerations for business acquisitions

    published 07 Oct 2024

    For many companies, M&A transactions are infrequent yet often substantial events with potentially significant consequences. Given their complexity, they can also present a number of accounting and financial reporting challenges and opportunities. SEC registrants planning an acquisition may wish to consider the key requirements discussed below.

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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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    • 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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