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.
15 January 2020
RSM World of IFRS summarises key matters arising from recent IASB discussions and decisions, highlights RSM thought leadership from around the world, and addresses an IFRS application question each month.
6 November 2019
RSM World of IFRS summarises key matters arising from recent IASB discussions and decisions, highlights RSM thought leadership from around the world, and addresses an IFRS application question each month.
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.
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.
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.
23 May 2019
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.
15 April 2019
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.
15 March 2019
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.
18 February 2019
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.
18 January 2019
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.
3 January 2019
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.
22 November 2018
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.
22 October 2018
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.
9 August 2018
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.
12 July 2018
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.
11 June 2018
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.
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.
10 April 2018
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.
15 March 2018
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.
12 February 2018
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.
3 January 2018
Breaking IFRS news from the past month; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.
5 December 2017
Breaking IFRS news; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.
3 November 2017
Breaking IFRS news; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.
6 October 2017
Breaking IFRS news; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.
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.
4 August 2017
Breaking IFRS news; including publications, deadlines, announcements, comment letters from RSM, and decisions by the IASB.
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.
6 July 2017
Breaking IFRS news; including publications, deadlines, announcements, and decisions by the IASB.
5 June 2017
Breaking IFRS news; including publications, deadlines, announcements, and decisions by the IASB.
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.
4 May 2017
Breaking IFRS news, including publications, deadlines and announcements, and decisions by the IASB.
13 April 2017
Breaking IFRS news, including publications, deadlines and announcements, and decisions by the IASB.
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.
20 February 2017
by Joelle Moughanni, Technical Consultant, RSM - taken from RSM Reporting - Issue 29.
20 February 2017
By Eckhardt Gerber, RSM South Africa - taken from RSM Reporting - Issue 29.
20 February 2017
This is an interview taken from RSM Reporting - Issue 29, with RSM Reporting's editor, Marco Mongiello
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.
3 February 2017
Breaking IFRS news, including publications, deadlines and announcements, and decisions by the IASB.
6 January 2017
Breaking IFRS news, including publications, announcements, and decisions by the IASB and IFRS IC.
5 December 2016
Breaking IFRS news, including publications, announcements, and decisions by the IASB and IFRS IC.
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
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.
4 November 2016
Breaking IFRS news, including publications, announcements, and decisions by the IASB.
7 October 2016
Breaking IFRS news, including publications, announcements, and decisions by the IASB.
4 August 2016
Breaking IFRS news, including publications, announcements, and decisions by the IASB.
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?
25 July 2016
Spotlight on the new Leases Standard – IFRS 16 in 16 Q&As
25 July 2016
A conversation with Michael Wells on the future of the accounting profession, by Marco Mongiello, Editor of RSM Reporting.
7 July 2016
Breaking IFRS news, including publications, announcements, and decisions by the IASB.
3 June 2016
Breaking IFRS news, including decisions by the IASB on Agenda Consultation, Insurance and IFRS 9, and Conceptual Framework.
5 May 2016
Breaking IFRS news, including decisions by the IASB and clarifications to the new Revenue Standard IFRS 15.
3 May 2016
The accounting treatment of investment properties, explained by Simon Fisher, Partner, RSM Eastern Africa.
3 May 2016
Addressing the concept of ‘materiality’ in five key questions.
3 May 2016
A conversation with Paul Druckman, CEO of the IIRC, on the shifts in the corporate world.
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.
8 April 2016
Breaking IFRS news, including decisions by the IASB, comment letters, and upcoming comment letter deadlines.
3 March 2016
RSM's monthly IFRS news round-up, including decisions by the IASB, comment letters, and upcoming comment letter deadlines.
5 February 2016
RSM's monthly IFRS news round-up.
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.
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.
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.
7 January 2016
PUBLICATIONS AND ANNOUNCEMENTS
Accounting changes for transactions between investors and associates or joint ventures postponed
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.
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.
3 November 2015
PUBLICATIONS AND ANNOUNCEMENTS
Proposed Interpretation for uncertainty over income tax treatments open for comment until 19 January 2016
16 October 2015
PUBLICATIONS AND ANNOUNCEMENTS
IFRS 15 Revenue from Contracts with Customers amended for its effective date
6 August 2015
This fifty-first edition features:
Publications and Announcements
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?
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
3 June 2015
This forty-ninth edition features:
Publications and Announcements
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)
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
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
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
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)
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
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
6 November 2014
This forty-second edition features:
International Accounting Standards Board - Latest Decisions Summary
20 October 2014
This twenty-first edition features:
3 October 2014
This fourty-first edition features:
Publications and Announcements
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
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
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
31 May 2014
This thirty-eighth edition features:
Publications and Announcements
15 May 2014
This nineteenth edition features:
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
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
28 February 2014
This thirty-fifth edition features:
IFRS Interpretations Committee - Latest Decisions Summary
International Accounting Standards Board - Latest Decisions Summary
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
1 January 2014
This eighteenth edition features:
31 December 2013
This thirty-third edition features:
Publications & Announcements
30 November 2013
This thirty-second edition features:
Publications & Announcements
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
30 August 2013
This thirtieth edition features:
IFRS Interpretations Committee (IC) - Latest Decisions Summary
International Accounting Standards Board - Latest Decisions Summary
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
30 June 2013
This twenty-eighth edition features:
Publications & Announcements
1 June 2013
This sixteenth edition features:
31 May 2013
This twenty-seventh edition features:
Publications & Announcements
30 April 2013
This twenty-sixth edition features:
Publications & Announcements
21 March 2013
This twenty-fifth edition features:
Publications & Announcements
1 March 2013
This fifteenth edition features:
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
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
1 December 2012
This fourteenth edition features:
1 September 2012
This thirteenth edition features:
1 June 2012
This twelfth edition features:
1 March 2012
This eleventh edition features:
