News

IASB consults on the ED Climate-related and Other Uncertainties in the Financial Statements

The IASB published the Exposure Draft Climate-related and Other Uncertainties in the Financial Statements, proposing eight examples to illustrate how companies apply IFRS Accounting Standards when reporting the effects of climate-related and other uncertainties in their financial statements. the IASB’s proposed examples aim to: - improve transparency of information in financial statements; and - strengthen the...

IASB consults on Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures

The IASB has published the Exposure Draft Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures that proposes amendments to its newest Standard, IFRS 19, which was issued in May 2024. The proposals would reduce disclosure requirements from new IFRS Accounting Standards and amendments issued between February 2021 and May 2024. The Exposure Draft is open for comment until 27 November...

IASB consults on the ED Translation to a Hyperinflationary Presentation Currency – Proposed amendments to IAS 21

The IASB has published the Exposure Draft Translation to a Hyperinflationary Presentation Currency – Proposed amendments to IAS 21 to address accounting issues that affect companies that translate financial information from a non-hyperinflationary currency to a hyperinflationary currency. These proposals, which are narrow-scope amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates, introduce...

IASB publishes Annual Improvements to IFRS Accounting Standards—Volume 11

The IASB has issued narrow amendments to IFRS Accounting Standards and accompanying guidance as part of its regular maintenance of the Standards. These amendments, published in a single document Annual Improvements to IFRS Accounting Standards—Volume 11, include clarifications, simplifications, corrections and changes aimed at improving the consistency of several IFRS Accounting Standards. The amended Standards...

OIC comments on EFRAG draft comment letters on IASB ED Business combinations – Disclosures, Goodwill and Impairment and on IASB ED Contracts for Renewable Electricity

OIC comments on EFRAG draft comment letters on: - IASB ED Business combinations – Disclosures, Goodwill and Impairment (Proposed amendments to IFRS 3 and IAS 36) - IASB ED Contracts for Renewable Electricity (Proposed amendments to IFRS 9 and IFRS 7) are now available. Same comments have been sent also to IASB. Please find the letters herewith...

Agenda of the OIC educational event su IFRS 18 e IFRS 19

OIC is organizing an educational event to illustrate the new requirements on Financial Statements presentation and disclosure: IFRS 18 Presentation and Disclosure in Financial Statements and IFRS 19 Subsidiaries without Public Accountability: Disclosures. The event will take place on Thursday, 18 July 2024 from 4.30pm to 7pm CEST in Rome at Luiss Business School – Villa Blanc Via Nomentana, 216. The event,...

IASB publishes Project Summary and Feedback Statement regarding PIR IFRS 9

The IASB has published the Post-Implementation Review of IFRS 9 Financial Instruments—Impairment Project Summary and Feedback Statement.

Directive 2024/1760/EU of the European Parliament and of the Council of 13 June 2024

The Directive 2024/1760/EU of the European Parliament and of the Council of 13 June 2024, published in the Official Journal of the European Union, Series L, on 5 July 2024, on corporate sustainability due diligence and amending Directive (EU) 2019/1937 and Regulation (EU) 2023/2859. Member States shall adopt and publish, by 26 July 2026, the laws, regulations and administrative provisions necessary to comply with...