As Europe has been the cradle of IFRS and has played a decisive role in its global success, a significant change in the European geo-political setting is relevant to IFRS as much as it is to many other aspects of international business and trade. Therefore, the November issue opens with an interview with the chairman of the Corporate Reporting Policy Group at the Federation of European Accountants, Mark Vaessen, who shares with us his views on the possible effects of Brexit on the development of IFRS.

As this is the last issue of 2016, Joelle Moughanni provides a valuable recap of the IFRS developments of the year.

The technical advice in this issue focuses on intracompany loans, which may present, in some situations, challenges even for the most experienced.