Search Results for: IASB
IASB issues narrow-scope amendments to IAS 12 Income Taxes
January 21st, 2016
The International Accounting Standards Board® (the Board) today issued amendments to IAS 12 Income Taxes. The amendments, Recognition of Deferred Tax Assets for Unrealised Losses (Amendments to IAS 12), clarify how to account for deferred tax assets related to debt instruments measured at ...
IASB shines light on leases by bringing them onto the balance sheet
January 13th, 2016
The International Accounting Standards Board® (the Board) today issued a new accounting Standard, called IFRS 16 Leases. It replaces accounting requirements introduced more than 30 years ago that are no longer considered fit for purpose and is a major revision of ...
FRC has called on the IASB to reconsider its proposed Conceptual Framework
November 26th, 2015
The Financial Reporting Council (FRC) has called on the IASB to reconsider its proposed Conceptual Framework so that it properly reflects the importance of stewardship, prudence and reliability, which it describes as cornerstones of the Framework. The FRC’s comments ...
IASB calls for feedback on proposal to defer the effective date of the revenue Standard
May 20th, 2015
The IASB has today published for consultation a proposal to defer the effective date of the revenue Standard, IFRS 15 Revenue from Contracts with Customers, by one year to 1 January 2018. The revenue Standard was issued jointly with ...
IASB sets out practical effects of bringing leases onto the balance sheet
March 17th, 2015
The International Accounting Standards Board (IASB) is in the process of finalising a new International Financial Reporting Standard (IFRS) that will require companies to bring leases onto the balance sheet. It has today published a document outlining the likely ...
Darrel Scott reappointed as IASB member
February 18th, 2015
The Trustees of the IFRS Foundation, responsible for the governance and oversight of the International Accounting Standards Board (IASB), have today announced that Darrel Scott has been reappointed as an IASB member for a second term. Mr Scott’s second ...
Leading investment firms join a new IASB feedback programme
December 3rd, 2014
The International Accounting Standards Board (IASB) today announced the launch of its Investors in Financial Reporting programme. Created with the support of some of the world’s leading asset managers and owners, the programme is designed to foster greater investor ...
IASB publishes consultation on controlled pricing and accounting for investments
December 2nd, 2014
The International Accounting Standards Board (IASB) has published consultation papers on rate regulation and accounting for investments, and updated standards on consolidated financial statements. Rate regulation The IASB discussion paper, Reporting the Financial Effects of Rate Regulation, considers how ...
IASB adopts new simplified standard over lease accounting
August 11th, 2014
The IASB has changed its position regarding lease accounting for the chances of convergence between US and global standards. The global standard setter has issued a document citing that it has decided to adopt a single model for lease ...
IFRS 9 Financial Instruments issued by IASB
July 24th, 2014
The International Accounting Standards Board (IASB) issued today IFRS 9 Financial Instruments to complete the final element of its comprehensive response to the financial crisis. The new model removes complexity associated with previous accounting requirements. Hans Hoogervorst, Chairman of ...
