The International Accounting Standards Board (IASB) has now issued a new Standard to replace the current IFRS 4 Insurance Contracts.
The latest issue of our monthly newsletter Beyond the GAAP
“You have been living in a bit of a building site for much of the last decade. However, the good news is that the majority of the structural work is now complete. The heating and plumbing systems are now in good shape.” With these words Hans Hoogervorst described his impression of the progress made in recent years at the start of the IFRS Foundation Conference in Zurich.
An overview of tentative decisions on the new leases standard, expected to be issued in Q3/Q4 2015, which sets out the definition of a lease and lease accounting.
Mazars’ newsletter on IFRS developments and European matters, with a closer look at the IASB and FASB reviewing the guidance on licences and performance obligations in IFRS 15 - Revenue from Contracts with Customers.
Our summary of the new and revised financial reporting requirements provides an update on IFRS standards, amendments and interpretations.
Our summary of the new and revised financial reporting requirements provides an update on UK GAAP standards, amendments and proposals, set out by effective date.
The IASB issued IFRS 9 ‘Financial Instruments’ in July 2014 as a single integrated Standard. This Standard sets out the requirements for the classification and measurement of financial assets and liabilities, the impairment of financial assets and hedge accounting.
The Financial Reporting Council (FRC) has set out the new UK Accounting and Financial Reporting Regime that impacts all UK companies, whether currently reporting under EU-adopted IFRS (IFRS) or existing UK GAAP.
FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.