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.

If the recent capital market trends are anything to go by, investment funds, private equity and venture capital will continue to play a prominent role in our economies. Therefore, our author from Singapore, Chee Wee Lock, addresses the challenges and the advantages of the additional information required in the context of consolidation (and exemption from consolidation) of investment entities’ subsidiaries.

Joelle Moughanni builds on the previous issue’s guest contributor and focuses on the much discussed disclosure debate (and IASB’s initiative) in a selection of the ten most relevant questions and answers.

The issue closes with the latest on topics RSM has focused on, the selected technical advice of the quarter, and RSM’s contribution to the IASB’s public consultation on a number of topics.

We hope you will find this issue insightful and helpful.