14 May 2021
The OIC comment letter on EFRAG draft endorsement advice on IASB Definition of Accounting Estimates (Amendments to IAS 8), is now available.
Please find the document herewith attached.
14 May 2021
The OIC comment letter on EFRAG draft endorsement advice on IASB Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2), is now available.
Please find the document herewith attached.
13 May 2021
On 6 May 2021, OIC, EFRAG and IASB organized a joint outreach event on IASB Exposure Draft “Regulatory Assets and Regulatory Liabilities”.
Representatives from OIC, EFRAG, IASB, ARERA and a panel of experts have participated to the event
Presentations and video recording of the event are now available.
Welcome speech by Angelo Casò (OIC Executive Board Chairman and EFRAG Board...
7 May 2021
IASB has issued targeted amendments to IAS 12, the IFRS Standard on income taxes, to specify how companies should account for deferred tax on transactions such as leases and decommissioning obligations.
The amendments are effective for annual reporting periods beginning on or after 1 January 2023, with early application permitted.
For further information, please refer to the IASB...
30 April 2021
The Trustees of the IFRS Foundation published proposed amendments to the Constitution of the Foundation to accommodate the potential formation of a new International Sustainability Standards Board (ISSB) within the governance structure of the organisation.
The consultation is open for comment until 29 July 2021.
For further information, please refer to the website of the IFRS...
22 April 2021
OIC, EFRAG and IASB are very pleased to invite you to the joint outreach event on the IASB Exposure Draft “Regulatory Assets and Regulatory Liabilities” on 6 May 2021.
This event will be a public online webinar with representatives from the OIC, EFRAG, IASB, ARERA and a panel of experts.
There is no charge for the participation. The event will be in Italian, except for the IASB presentation that will be in...
21 April 2021
The European Commission has published the proposal to amend the directive concerning the disclosure of non-financial information. Among the novelties, the proposal provides for (i) the extension of the scope of the directive to all large companies and listed companies and (ii) the development of mandatory EU sustainability reporting standards and separate, proportionate standards for SME, which not-listed SMEs may...
20 April 2021
IASB has published for public consultation ED Lack of Exchangeability,which proposes amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates.
IAS 21 sets out the exchange rate a company uses when it reports foreign currency transactions or a foreign operation’s results in a different currency. However, the Standard does not set out the exchange rate to use when there is no observable exchange rate...