Please find below a brief summary of news and events from the International Accounting Standards Board (Board) and the IFRS® Foundation over the past month:
Chair of the International Accounting Standards Board Hans Hoogervorst and Chair of the IFRS Foundation Trustees Michel Prada respond to the European Commission consultation on Fitness Check on the EU Framework for Public Reporting by Companies and call for broad participation in the consultation.
The Board issued a revised version of its Conceptual Framework for Financial Reporting that underpins IFRS Standards. The document requires eIFRS premium subscription to access, but supporting materials are free.
The Board published for public consultation an Exposure Draft for proposed narrow-scope amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.
The IFRS Foundation published IFRS Taxonomy 2018, which includes a number of updates to the IFRS Taxonomy 2017.
The Board Vice-Chair Sue Lloyd and Board member Darrel Scott join Education Director Matt Tilling for a podcast discussion about the Board’s March meeting.
IFRS Foundation staff present a webcast on IFRS 17 Insurance Contracts that provides a basic overview of recognising the contractual service margin in profit or loss.
The Board is seeking participants for a new consultative group that will advise the Board on its project to update IFRS Practice Statement 1 Management Commentary (Practice Statement).
Makoto Takahashi replaces Mitsuhiro Takemura as Office Director of the Asia-Oceania Foundation’s regional liaison office in Tokyo, starting in May.
The Trustees of the IFRS Foundation, responsible for the governance and oversight of the Board, announced the reappointment of Jongsoo Han and Robert Uhl to the IFRS Interpretations Committee.
The IFRS Foundation published the Issued IFRS Standards 2018 in PDF and bound volume format. The issued Standards are published annually. The bound volume of Standards used to be called the ‘Red Book’.