Issue 36 - IFRS News In Brief

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

  • Assessing ‘other facts and circumstances’ for classifying a joint arrangement (JA) under IFRS 11
  • Clarifications on changes in accounting estimates
  • Recognition of deferred tax for a single asset in a corporate wrapper
  • Topics for which neither an Interpretation nor an amendment to a Standard are necessary

International Accounting Standards Board - Latest Decisions Summary

  • Leases (redeliberations on the 2013 ED)
  • Investment Entities (exposure draft to amend IFRS 10 and IAS 28 due Q2/2014)
  • Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (amendments to
  • IFRS 10 and IAS 28 due Q2/2014)
  • Equity Method in Separate Financial Statements (redeliberations of amendments to IAS 27)
  • Agriculture: Bearer Plants (amendments to IAS 41 due Q2/2014)
  • Insurance Contracts (redeliberations on the 2013 ED)

Upcoming Comment Deadlines

RSM International Comment Letters




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