Proposed amendments to provide a temporary exception to the requirements regarding deferred tax assets and liabilities
Our popular summary of new and revised financial reporting requirements, updated for 31 December 2022
Only covenants with which an entity is required to comply on or before the reporting date affect the classification of a liability as current or non-current
IASB issues amendments regarding the subsequent measurement of lease liabilities in sale and leaseback transactions
IASB proposes third edition of the standard to reflect improvements made to full IFRSs
03 Feb 2023
The ISSB has posted the agenda for its meeting, which will be held in Montreal on 16 February 2023. The Board will discuss topics related to General Sustainability-related Disclosures (S1) and Climate-related Disclosures (S2), including the effective date.
02 Feb 2023
The IASB met in London on 24-26 January 2023. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.
01 Feb 2023
The IASB has released a podcast featuring IASB Chair Andreas Barckow, IASB Vice-Chair Linda Mezon-Hutter, and Executive Technical Director Nili Shah discussing deliberations at the January 2023 IASB meeting.
The ISSB Jurisdictional Working Group met on 12 December 2022 and a public summary of the meeting is now available on the IFRS Foundation website.
The IASB staff have published a summary of the Accounting Standards Advisory Forum (ASAF) meeting held on 8-9 December 2022.
31 Jan 2023
The IASB has issued an article ‘In Brief’ which discusses two decisions related to the Business Combinations — Disclosures, Goodwill and Impairment project.
The Trustees of the IFRS Foundation have announced appointments and re-appointments to the IFRS Advisory Council effective 1 January 2023.
30 Jan 2023
Following the IASB's and ISSB's January 2023 meetings, 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 December 2022.
27 Jan 2023
On 25 November 2022, the European Commission requested the European Supervisory Authorities (ESAs) to provide an opinion on the technical advice on the first set of European Sustainability Reporting Standards (ESRS), which the European Financial Reporting Advisory Group (EFRAG) submitted on 22 November 2022.
24 Jan 2023
The ISSB met in Frankfurt on Tuesday 17, Wednesday 18 and Thursday 19 January 2023. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.
On 8 February 2023, the IASB is offering a live webinar for academics to explain what academic research it is interested in receiving to inform its forthcoming post-implementation review of the hedge accounting requirements in IFRS 9 (and related new disclosure requirements in IFRS 7).
The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on the exposure draft 'International Tax Reform — Pillar Two Model Rules (Proposed amendments to IAS 12)' the IASB published to respond to stakeholders’ concerns about the potential implications of the imminent implementation of the OECD pillar two model rules on the accounting for income taxes.
The European Financial Reporting Advisory Group (EFRAG) and the Institute of Chartered Accountants of Scotland (ICAS) have jointly sponsored two academic studies, one on intangibles and one on discounting.
19 Jan 2023
On 8 September 2022, the IASB published an Exposure Draft (ED) of proposed amendments to its 'International Financial Reporting Standard for Small and Medium-sized Entities' (IFRS for SMEs). The IASB has now released a webcast offering deeper insights into the proposals on financial instruments included in the ED.
18 Jan 2023
The Capital Markets Advisory Committee (CMAC) is seeking new members and welcomes applications from analysts and investors from all over the world.
As part of phase two of its project on leases, the International Public Sector Accounting Standards Board (IPSASB) has released an exposure draft (ED) proposing amendments to two of its existing standards.
17 Jan 2023
The IASB has published a summary of the IFRS Taxonomy Consultative Group (ITCG) meeting held on 5 December 2022.
09 Jan 2023
The Due Process Oversight Committee (DPOC) held a supplementary meeting on 1 December 2022. A summary of the meeting is now available.
22 Dec 2022
The EU Directive to ensure a global minimum rate of taxation for multinational groups and large domestic groups in the Union has been published in the Official Journal of the European Union.
17 Dec 2022
Our popular summary of new and revised financial reporting requirements, updated for financial reporting periods ending on 31 December 2022. This listing can be used to perform a quick check that new financial reporting requirements such as new and revised accounting 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.
published 02 Feb 2023
IFRS on Point highlights critical financial reporting developments and main IFRS-related news stories of the previous month.
published 01 Feb 2023
This Financial Reporting Alert discusses ASC 740 accounting considerations related to tax laws that conform to the “Pillar Two” rules developed by the Organisation for Economic Co-operation and Development (OECD), which include establishing a global minimum corporate tax rate of 15 percent.
published 31 Jan 2023
The endorsement status report has been updated to reflect that EFRAG has published final endorsement advice on 'Lease Liability in a Sale and Leaseback (Amendments to IFRS 16)'.
published 30 Jan 2023
This Accounting Spotlight discusses considerations for commercial entities adopting the FASB’s current expected credit loss (CECL) standard in 2023.
published 25 Jan 2023
With IFRS 17 'Insurance Contracts' now being effective for periods that commenced on 1 January 2023, insurers and reinsurers are increasingly focusing on what they will disclose. Investors, on the other hand, are more focused on what they would like to be disclosed. This publication includes illustrative presentation and disclosures under IFRS 17 to help preparers to implement the disclosure requirements and to give investors, auditors, and regulator an idea of what to expect from preparers.
published 24 Jan 2023
Non-GAAP financial measures and metrics are used commonly by both existing registrants and companies seeking to gain access to the U.S. capital markets through an initial public offering. Many registrants assert that non-GAAP measures are meaningful and provide valuable insight into the information that management considers important in running the business.
This Roadmap combines the SEC’s guidance on non-GAAP measures with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format. The 2023 edition of this publication reflects recent developments related to non-GAAP measures, key performance indicators, and metrics. Such developments include the SEC’s issuance of new and updated interpretive guidance on non-GAAP measures.
published 12 Jan 2023
published 10 Jan 2023
This iGAAP in Focus outlines the proposed amendments to IAS 12 Income Taxes set out in Exposure Draft (ED) IASB/ED/2023/1 International Tax Reform — Pillar Two Model Rules, published by the International Accounting Standards Board (IASB) in January 2023.
published 09 Jan 2023
This Heads Up highlights key provisions of the European Union’s recently approved Corporate Sustainability Reporting Directive (CSRD), whose sustainability reporting requirements are much broader than those proposed in the United States and will affect all companies with significant operations in E.U. jurisdictions, including U.S.-based companies with as little as one subsidiary or branch in the European Union.
Start: 16 Feb 2023
End: 16 Feb 2023
The ISSB will meet on 16 February in Montreal.
Start: 24 Jan 2023
End: 26 Jan 2023
The IASB met in its offices in London on 24–26 January 2023.
Start: 17 Jan 2023
End: 19 Jan 2023
The ISSB met on 17–19 January in Frankfurt, Germany.
Start: 13 Dec 2022
End: 15 Dec 2022
The ISSB met on 13–15 December 2022 in Montréal, Canada.
The IASB met in its offices in London on 13–15 December 2022.
Start: 29 Nov 2022
End: 29 Nov 2022
The IFRS Interpretations Committee met on 29 November 2022 to discuss four topics.
Start: 22 Nov 2022
End: 24 Nov 2022
The IASB met in this offices on 22–24 November 2022.
Start: 15 Nov 2022
End: 16 Nov 2022
The ISSB met on 15–16 November 2022 in Frankfurt.
Start: 01 Nov 2022
End: 03 Nov 2022
The ISSB held a supplementary meeting via video conference on 1 and 3 November 2022.
Start: 18 Oct 2022
End: 21 Oct 2022
The ISSB met on 18–21 October 2022 in Montreal.
07 Feb 2023
08 Feb 2023
10 Feb 2023
16 Feb 2023
20 Feb 2023
24 Feb 2023
23 Feb 2023
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