EFRAG issues the Discussion Paper Non-exchange Transfers (‘NETs’): A role for societal benefit?

EFRAG has issued the Discussion Paper Non-exchange Transfers (‘NETs’): A role for societal benefit? that explores the accounting for transfers in which an entity received (or gives) value without...

OIC comments on IFRS Interpretations Committee tentative agenda decisions – September 2018

The OIC comment letter on IFRS Interpretation Committee tentative agenda decisions of September 2018 is now available. Please find the document herewith attached.

IASB to propose one-year deferral of insurance contracts Standard

The IASB has voted to propose a one-year deferral of the effective date for IFRS 17, the new insurance contracts Standard, to 2022. The IASB has also decided to propose extending to 2022 the temporary...

IASB issues Definition of Material (Amendments to IAS 1 and IAS 8)

The IASB has issued amendments to its definition of material to make it easier for companies to make materiality judgements. The changes are effective from 1 January 2020, but companies can decide to apply...

IFRS Foundation Trustees announce ASAF membership 2018–2021

The Trustees of the IFRS Foundation have  announced the new composition of the Accounting Standards Advisory Forum (ASAF), a technical advisory body to the IASB, for the next three years. The OIC has been...
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