Global site

Global IFRS News and Updates

This section provides you with the most recent news in International Financial Reporting Standards (IFRS). It summarises the activities of the IFRS Foundation, International Accounting Standards Board (IASB) and the IFRS Interpretations Committee, as well as interviews about the effect of IFRS on the profession around the world.

September 2019 - Your Global Summary of IFRS News and Developments

15 October 2019
RSM News in Brief on IFRS summarises recent IASB discussions and decisions, highlights RSM thought leadership from around the world, and addresses an IFRS application question each month.

August 2019 - Your Global Summary of IFRS News and Developments

5 August 2019
RSM News in Brief on IFRS summarises recent IASB discussions and decisions, highlights RSM thought leadership from around the world, and addresses an IFRS application question each month.

Issue 93 - IFRS News in Brief

14 June 2019
This months IFRS News in brief issue summarises recent IASB discussions and decisions, highlights RSM thought leadership from around the world, and addresses an IFRS application question each month.

Issue 92 - IFRS News in Brief

23 May 2019
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.

Issue 91 - IFRS News in Brief

15 April 2019
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.

Issue 90 - IFRS News in Brief

15 March 2019
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.

Issue 89 - IFRS News in Brief

18 February 2019
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.

Issue 88 - IFRS News in Brief

18 January 2019
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.

Issue 87 - IFRS News in Brief

3 January 2019
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.

Issue 86 - IFRS News in Brief

22 November 2018
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.

Issue 85 - IFRS News in Brief

22 October 2018
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.

Issue 84 - IFRS News in Brief

9 August 2018
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.

Issue 83 - IFRS News in Brief

12 July 2018
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.

Issue 82 - IFRS News in Brief

11 June 2018
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.

Issue 81 - IFRS News in Brief

8 May 2018
PUBLICATIONS AND ANNOUNCEMENTS The IFRS Foundation has released the first three of 35 stand-alone modules designed to provide support to anyone learning about, applying or reading financial statements prepared using the IFRS for SMEs.

Issue 80 - IFRS News in Brief

10 April 2018
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.

Issue 79 - IFRS News in Brief

15 March 2018
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.

Issue 78 - IFRS News in Brief

12 February 2018
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.

Issue 77 - IFRS News in Brief

3 January 2018
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.

Issue 76 - IFRS News in Brief

5 December 2017
Breaking IFRS news; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB. 

Issue 75 - IFRS News in Brief

3 November 2017
Breaking IFRS news; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB. 

Issue 74 - IFRS News in Brief

6 October 2017
Breaking IFRS news; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB. 

IFRS Illustrative Consolidated Financial Statements 2017

2 October 2017
RSM International Limited has prepared a model set of consolidated financial statements for a fictitious company called IFRS Statements Limited which, for the purpose of the exercise, is described as a company listed in Big City Stock Exchange and incorporated and domiciled in a fictitious country, Newland. The IFRS consolidated financial statements have been prepared according to all relevant Standards and Interpretations in force for reporting periods beginning on or after 1 January 2017.

Issue 73 - IFRS News in Brief

4 August 2017
Breaking IFRS news; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB. 

Key considerations for 2017 IFRS financial reporting

24 July 2017
An overview of new and amended Standards and Interpretations that need to be considered by preparers and auditors of 2017 IFRS interim and annual financial statements.

Issue 72 – IFRS News In Brief

6 July 2017
Breaking IFRS news; including publications, deadlines, announcements, and decisions by the IASB. 

Issue 71 - IFRS News in Brief

5 June 2017
Breaking IFRS news; including publications, deadlines, announcements, and decisions by the IASB. 

Alternative Performance Measures - Do they replace or complement GAAP financial information for analysts’ use?

17 May 2017
On behalf of RSM, Prof. Marco Mongiello, Executive Director MBA and MSc Programmes at Surrey Business School, talks with Ken Lee, Head of European Equity Research at Barclays, and Deborah Taylor, Senior Analyst in Accounting and Governance Research at Barclays.

Issue 70 - IFRS News in Brief

4 May 2017
Breaking IFRS news, including publications, deadlines and announcements, and decisions by the IASB. 

Issue 69 - IFRS News in Brief

13 April 2017
Breaking IFRS news, including publications, deadlines and announcements, and decisions by the IASB. 

Issue 68 - IFRS News in Brief

7 March 2017
Breaking IFRS news, including publications, deadlines and announcements, and decisions by the IASB. This edition covers Insurance Contracts (IFRS 17) and Financial Instruments with Characteristics of Equity.

10 key reminders for 2016 IFRS Financial Reporting

20 February 2017
by Joelle Moughanni, Technical Consultant, RSM - taken from RSM Reporting - Issue 29.

Considerations in preparing and applying IFRS 7 Financial Instruments: Disclosures – A focus on liquidity risk ma nagement disclosures

20 February 2017
By Eckhardt Gerber, RSM South Africa - taken from RSM Reporting - Issue 29.

The future of IFRS in Europe - A change of direction ahead ?

20 February 2017
This is an interview taken from RSM Reporting - Issue 29, with RSM Reporting's editor, Marco Mongiello

RSM Reporting - Issue 29

20 February 2017
2017 promises to be a rather momentous year, with international trade being re-shaped on both sides of the Atlantic and in the Pacific regions and with new business models stemming from innovative technology and enterprises. What does this mean for the future of accounting? In this issue we continue to provide some insight into the foreseeable developments of IFRS in Europe, in conversation with the CEO and Chairman of the Technical Experts Group of EFRAG, Andrew Watchman.

Issue 67 – IFRS News In Brief

3 February 2017
Breaking IFRS news, including publications, deadlines and announcements, and decisions by the IASB.

Issue 66 – IFRS News In Brief

6 January 2017
Breaking IFRS news, including publications, announcements, and decisions by the IASB and IFRS IC. 

Issue 65 – IFRS News In Brief

5 December 2016
Breaking IFRS news, including publications, announcements, and decisions by the IASB and IFRS IC. 

IFRS key considerations for closing out 2016

9 November 2016
A high-level overview of new and amended standards and interpretations that need to be considered for financial reporting periods ending on 31 December 2016

Reflections on the future of accounting and reporting - a conversation with Mark Vaessen

9 November 2016
Reflections on the future of accounting and reporting -  a conversation with the chairman of the Corportate Reporting Policy Group at the Federation of European Accountants, looking at the possible effects of Brexit on the development of IFRS.

Issue 64 - IFRS News in Brief

4 November 2016
Breaking IFRS news, including publications, announcements, and decisions by the IASB.

Issue 63 - IFRS News in Brief

7 October 2016
Breaking IFRS news, including publications, announcements, and decisions by the IASB.

Issue 62 - IFRS News in Brief

4 August 2016
Breaking IFRS news, including publications, announcements, and decisions by the IASB.

Aggregation of operating segments – tendencies among public companies

26 July 2016
A review of disclosures on operating segments, asking: what argument do listed entities use when aggregating operating segments? Who is identified as the Chief Operating Decision Maker (‘CODM’)? And, what impact might the determination of CODM have on the definition of reportable segments?

Spotlight on the new Leases Standard

25 July 2016
Spotlight on the new Leases Standard – IFRS 16 in 16 Q&As

Michael Wells on the future of the accounting profession

25 July 2016
A conversation with Michael Wells on the future of the accounting profession, by Marco Mongiello, Editor of RSM Reporting.

Issue 61 – IFRS News In Brief

7 July 2016
Breaking IFRS news, including publications, announcements, and decisions by the IASB.

Issue 60 – IFRS News In Brief

3 June 2016
Breaking IFRS news, including decisions by the IASB on Agenda Consultation, Insurance and IFRS 9, and Conceptual Framework.

Issue 59 – IFRS News In Brief

5 May 2016
Breaking IFRS news, including decisions by the IASB and clarifications to the new Revenue Standard IFRS 15.

Investment property – issues encountered in practise

3 May 2016
The accounting treatment of investment properties, explained by Simon Fisher, Partner, RSM Eastern Africa. 

Materiality in five Q&As

3 May 2016
Addressing the concept of ‘materiality’ in five key questions. 

Paul Druckman, CEO of the IIRC, on the 'shifts' in the corporate world

3 May 2016
A conversation with Paul Druckman, CEO of the IIRC, on the shifts in the corporate world.

RSM Reporting - Issue 27

3 May 2016
Technical developments in global accounting and reporting from around the world, including an interview with the CEO of the IIRC, Paul Druckman.

Issue 58 – IFRS News In Brief

8 April 2016
Breaking IFRS news, including decisions by the IASB, comment letters, and upcoming comment letter deadlines.

Issue 57 – IFRS News In Brief

3 March 2016
RSM's monthly IFRS news round-up, including decisions by the IASB, comment letters, and upcoming comment letter deadlines.

Issue 56 – IFRS News In Brief

5 February 2016
RSM's monthly IFRS news round-up.

Are investment funds shortchanged by the exemption from consolidation with more efforts and disclosures required by fair value accounting?

29 January 2016
Amendments to IFRS 10, Consolidated Financial Statements, IFRS 12, Disclosure of Interests in Other Entities and IAS 27, Separate Financial Statements on Investment Entities (IE) provide an exemption from consolidation for investment funds and similar entities. As such, an IE records its investments in subsidiaries at fair value through profit or loss, instead of consolidating them. The main reason for such preferential treatment is that the IE operates in a unique business model where fair value information is provided to its users and such fair value information is more useful for the stakeholders within the IE’s ecosystem. However, the assessment whether an entity qualified as an IE is not straightforward. Let us explore closely.

A conversation with Nigel Sleigh-Johnson

29 January 2016
As last year marked the first decade of international accounting and reporting widely applied in Europe and a continuously growing number of other countries, it seems natural that we start the New Year reflecting on what the next decade of international accounting may look like and how we can influence it. To this end, I am grateful to Dr Nigel Sleigh-Johnson, Head of the Financial Reporting Faculty at ICAEW and co-author of ‘Moving to IFRS reporting: seven lessons learned from the European experience’, for sharing his personal views with us.

RSM Reporting - Issue 26

29 January 2016
As we enter into the second decade of IFRS in Europe, in this issue we reflect on the lessons learnt from the past and on what we should look forward to in the next decade. Our guest contributor, Dr Nigel Sleigh-Johnson, Head of the Financial Reporting Faculty at ICAEW, shared with us his insightful views, providing a start to the New Year under the best auspices of a promising new decade of IFRS.

Issue 55 – IFRS News In Brief

7 January 2016
PUBLICATIONS AND ANNOUNCEMENTS Accounting changes for transactions between investors and associates or joint ventures postponed

Issue 54 – IFRS News In Brief

7 December 2015
PUBLICATIONS AND ANNOUNCEMENTS Proposed guidance on transfers of investment property open for comment until 18 March 2016 On 19 November 2015, the IASB published an exposure draft aimed at clarifying the existing guidance on transfers to, or from, investment properties in IAS 40.

RSM Reporting - Issue 25

25 November 2015
In this issue we report on the IASB’s endeavour to publish a new Conceptual Framework, which is approaching a successful completion.

Issue 53 – IFRS News In Brief

3 November 2015
PUBLICATIONS AND ANNOUNCEMENTS Proposed Interpretation for uncertainty over income tax treatments open for comment until 19 January 2016

Issue 52 – IFRS News In Brief

16 October 2015
PUBLICATIONS AND ANNOUNCEMENTS IFRS 15 Revenue from Contracts with Customers amended for its effective date

Issue 51 – IFRS News In Brief

6 August 2015
This fifty-first edition features: Publications and Announcements

Issue 24 - RSM Reporting

25 July 2015
This edition features: Françoise Flores, EFRAG TEG Chairman and CEO The growing demand for stakeholders’ direct and active participation in the IFRS standard setting process. Our experts in... the UK Deferred Tax – Where is it going?

Issue 50 – IFRS News In Brief

14 July 2015
This fiftieth edition features: Publications and Announcements Proposals for amendments to pension accounting open for comment until 19 October 2015 International Accounting Standards Board - Latest Decisions Summary

Issue 49 – IFRS News In Brief

3 June 2015
This forty-ninth edition features: Publications and Announcements

Issue 48 - IFRS News In Brief

8 May 2015
This forty-eighth edition features: International Accounting Standards Board - Latest Decisions Summary Effective date of IFRS 15 Revenue from Contracts with Customers (narrow-scope exposure draft)

Issue 23 - RSM Reporting

23 April 2015
This edition features: Paul Druckman, CEO, IIRC Comments on IFRS and global accounting standards Our experts in... Australia Jane Meade and Daisy Yang report on the interpretation and application of IFRS 11 - Joint Arrangements

Issue 47 – IFRS News In Brief

10 April 2015
This forty-seventh edition features: IFRS Interpretations Committee - Latest Decisions Summary Foreign currency transactions and advance consideration draft interpretation of IAS 21 International Accounting Standards Board - Latest Decisions Summary

Issue 46 – IFRS News In Brief

6 March 2015
This forty-sixth edition features: IFRS Interpretations Committee- Latest Decisions Summary Accounting for income tax assets and liabilities when there are tax uncertainties The forthcoming draft interpretation of IAS 21 International Accounting Standards Board - Latest Decisions Summary

Issue 45 - IFRS News In Brief

5 February 2015
This forty-fifth edition features: International Accounting Standards Board - Latest Decisions Summary Leases (IFRS due H2/2015) Insurance Contracts (redeliberations on the 2013 ED) Conceptual Framework (exposure draft due Q1/2015)

Issue 44 - IFRS News In Brief

6 January 2015
This forty-fourth edition features: Publications and Announcements IFRS 10, IFRS 12 and IAS 28 amended for investment entity requirements IAS 1 amended under the Disclosure Initiative project  Proposals for amendments to IAS 7 open for comment until 17 April 2015 

Issue 43 - IFRS News In Brief

4 December 2014
This forty-third edition features: Publications and Announcements Proposals for amendments to IFRS 2 open for comment until 25 March 2015  IFRS Interpretations Committee - Latest Decisions Summary

Issue 42 - IFRS News In Brief

6 November 2014
This forty-second edition features: International Accounting Standards Board - Latest Decisions Summary

Issue 21 - RSM Reporting

20 October 2014
This twenty-first edition features:

Issue 41 - IFRS News In Brief

3 October 2014
This fourty-first edition features: Publications and Announcements

Issue 40 - IFRS News In Brief

30 July 2014
This fourtieth edition features: Publications and Announcements Release of the final comprehensive standard on financial instruments IFRS Interpretations Committee - Latest Decisions Summary

Issue 20 - RSM Reporting

17 July 2014
This twentieth edition features: Our experts in UAE Baasab B. Deyb discusses insurance law - the journey so far and the way forward Martyn Jones, President of the ICAEW Discusses how to restore trust in the accounting and auditing profession globally

Issue 39 - IFRS News In Brief

30 June 2014
This thirty-nineth edition features: Publications and Announcements IAS 16 and IAS 41 amended for bearer plants Proposals for amendments to IFRS 10 and IAS 28 open for comment until 15 September 2014 International Accounting Standards Board - Latest Decisions Summary

Issue 38 - IFRS News In Brief

31 May 2014
This thirty-eighth edition features: Publications and Announcements

Issue 19 - RSM Reporting

15 May 2014
This nineteenth edition features:

Issue 37 - IFRS News In Brief

30 April 2014
This thirty-seventh edition features: Publications and Announcements Discussion paper on accounting for macro hedging open for comment until 17 October 2014 International Accounting Standards Board - Latest Decisions Summary

Issue 36 - IFRS News In Brief

31 March 2014
This thirty-sixth edition features: Publications and Announcements Proposals for narrow-focus clarifying amendments to IAS 1 open for comment until 23 July 2014 IFRS Interpretations Committee - Latest Decisions Summary

Issue 35 - IFRS News In Brief

28 February 2014
This thirty-fifth edition features: IFRS Interpretations Committee - Latest Decisions Summary International Accounting Standards Board - Latest Decisions Summary

Issue 34 - IFRS News In Brief

31 January 2014
This thirty-fourth edition features: Publications & Announcements Interim guidance issued on rate-regulated activities Post-implementation review of IFRS 3 open for comment until 30 May 2014 International Accounting Standards Boards - Latest Decisions Summary

Issue 18 - RSM Reporting

1 January 2014
This eighteenth edition features:

Issue 33 - IFRS News In Brief

31 December 2013
This thirty-third edition features: Publications & Announcements

Issue 32 - IFRS News In Brief

30 November 2013
This thirty-second edition features: Publications & Announcements

Issue 31 - IFRS News In Brief

31 October 2013
This thirty-first edition features: Publications & Announcements Proposals for limited amendments to the IFRS for SMEs open for comment until 3 March 2014 International Accounting Standards Board - Latest Decisions Summary

Issue 30 - IFRS News In Brief

30 August 2013
This thirtieth edition features: IFRS Interpretations Committee (IC) - Latest Decisions Summary International Accounting Standards Board - Latest Decisions Summary

Issue 29 - IFRS News In Brief

31 July 2013
This twenty-ninth edition features: Publications & Announcements Discussion paper for a new conceptual framework open for comment until 14 January 2014 IFRS Interpretations Committee - Latest Decisions Summary

Issue 28 - IFRS News In Brief

30 June 2013
This twenty-eighth edition features: Publications & Announcements

Issue 16 - RSM Reporting

1 June 2013
This sixteenth edition features:

Issue 27 - IFRS News In Brief

31 May 2013
This twenty-seventh edition features: Publications & Announcements

Issue 26 - IFRS News In Brief

30 April 2013
This twenty-sixth edition features: Publications & Announcements

Issue 25 - IFRS News In Brief

21 March 2013
This twenty-fifth edition features: Publications & Announcements

Issue 15 - RSM Reporting

1 March 2013
This fifteenth edition features:

Issue 24 - IFRS News In Brief

28 February 2013
This twenty-fourth edition features: Publications & Announcements Proposal for amendments to IAS 39 and IFRS 9 open for comment until 2 April 2013 International Accounting Standards Board - Latest Decisions Summary

Issue 23 - IFRS News In Brief

31 January 2013
This twenty-third edition features: Publications & Announcements Proposal for amendments to IAS 36 open for comment until 19 March 2013 Proposed IFRS Taxonomy 2013 open for comment until 18 March 2013 IFRS Interpretations Committee - Latest Decisions Summary

Issue 14 - RSM Reporting

1 December 2012
This fourteenth edition features:

Issue 13 - RSM Reporting

1 September 2012
This thirteenth edition features:

Issue 12 - RSM Reporting

1 June 2012
This twelfth edition features:

Issue 11 - RSM Reporting

1 March 2012
This eleventh edition features: