News Listings

The AcSB discussed Contributions, Sustainability, Strategic Research, Crypto-asset activities, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

The IASB issued narrow-scope amendments to IAS 1, Presentation of Financial Statements, which improve the information an entity provides when its right to defer settlement of a liability for at least twelve months is subject to compliance with covenants. The AcSB will ballot the final amendments and complete its endorsement process in Q4 2022.

The PEAC held a meeting on November 10, 2022 and discussed accounting for insurance contracts with a cash surrender value, upfront non-refundable fees or payments, priority projects for Part II of the Handbook, and more. Read the meeting notes for full details! 

The AcSB discussed Contributions, Crypto-asset Lending, and more. Read the Decision Summary for full details, including how stakeholders can provide feedback on these initiatives.

At its September 21, 2022, meeting, the Group discussed hot topics such as the impact of rising inflation and interest rates on financial reporting, the financial reporting implications of OECD Pillar Two GloBE Rules, and the accounting for cash received via electronic transfer as settlement for a financial asset. Read the meeting report for details.

The IFRS Discussion Group wants to hear about the challenges you face when applying IFRS Standards. Submit your issue by November 2, 2022, for consideration as a discussion topic at our December 5, 2022, virtual meeting.

The Committee discussed Contributions, Revenue, Reporting Controlled and Related Entities, Insurance Contracts with a Cash Surrender Value, and more. Read the meeting notes for full details.

The Accounting Standards Oversight Council (AcSOC) is pleased to announce that Armand Capisciolto, FCPA, FCA, current interim Accounting Standards Board (AcSB) Chair, will be appointed as permanent Chair effective May 1, 2023.

The PEAC held a meeting on September 22, 2022, and discussed accounting for insurance contracts with a cash surrender value, recent amendments made to accounting frameworks in other jurisdictions, and more. Read the meeting notes for full details!

The IASB has published an Exposure Draft, Third edition of the IFRS for SMEs Accounting Standard as part of its second comprehensive review of the standard. Stakeholders are encouraged to respond by March 7, 2023.