IFRS

IFRS News 2019

Hanneke Knoop Hanneke Knoop

IFRS News is your quarterly update on all things relating to International Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide comment and points of view and give you a summary of any significant developments.

IFRS News Q3 2019

We begin this edition by considering the current IASB Exposure Drafts that are out for comment and conclude with IFRS-related news at Grant Thornton.

If you would like to view a list of the new Standards and Interpretations and their effective dates, please visit ifrs.org or follow the links below:

A list of the documents currently out for comment by the IASB and their respective comment deadlines is also available at ifrs.org.

IFRS News Q2 2019

We begin this second edition of 2019 by considering the IASB Exposure Draft ‘Interest Rate Benchmark Reform’. We then look at implications of the IASB’s statement that an entity should be entitled to sufficient time in determining whether it needs to change an accounting policy as a result of an IFRIC agenda decision and in implementing any such change.

Continuing on an IFRIC theme, we then look at the agenda decisions that were issued in March and the tentative issues that are currently out for comment. Further on in the newsletter, you will find IFRS-related news at Grant Thornton and a general round-up of financial reporting developments.

We finish with a summary of the implementation dates of recently issued Standards, and a list of IASB publications that are out for comment.

IFRS News Q1 2019

We begin this first edition of 2019 by considering the potential financial reporting implications of the UK leaving the European Union without a transition deal. As the UK’s exit date of 29 March 2019 draws closer, this is a scenario which needs to be considered seriously by entities that trade with, or have operations within, the UK.

We then move on to look at proposals the IASB currently has out for comment before looking at thematic reviews of IFRS 9 ‘Financial Instruments’ and IFRS 15 ‘Revenue from Contracts with Customers’ that have recently been published. Further on in the newsletter, you will find IFRS-related news at Grant Thornton and a general round-up of financial reporting developments.

We finish with a summary of the implementation dates of recently issued Standards, and a list of IASB publications that are out for comment.

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